Strategic investment, rights issue, bank support confirmed

Moa Group Limited (NZX:MOA) today announces: o a capital raising of up to $5.5 million at an issue price of 14 cents per share, comprising: o strategic placement of $2.5m to a new cornerstone investor, and o 1 for 5 rights issue to raise up to approximately $3m. o as previously announced the Group continues to have the support of their banking partner. This support gives the Group confidence in trading through the next financial year. o an agreement has been reached with vendors of Savor Group to defer the $3.2 million additional cash payment until 1 April 2021. The new funds are being pre-emptively raised to provide the Group with additional Balance Sheet strength given the ongoing uncertainty facing the Hospitality business due to COVID-19, in connection with an agreement reached with the Savor Group vendors regarding the additional cash payment which is due to them and to provide additional flexibility for future acquisitions. For more information please refer to attached statement. Geoff Ross 021 424219 End CA:00351396 For:MOA Type:MKTUPDTE Time:2020-04-07 10:31:56