Capital Change Notice and Market Update

Market Update and Issue of New Shares Cooks Global Foods Limited (CGF) continues to closely monitor the impact of Covid-19 on its operations. CGF is awaiting further government announcements around the world regarding when its franchisees can resume operations. CGF has applied for all government subsidies and relief it is eligible for. At present most stores in Ireland, the United Kingdom and the Middle East remain closed. However, largely thanks to Government support packages, CGF is not aware of any of its franchisee's needing to close their stores permanently. In China, CGF holds a minority interest in a joint venture operating 8 stores and 60 self-service machines. These have all re-opened or otherwise resumed operations. Our core focus remains on protecting our people and customers. We will continue to monitor the situation and report any material developments to the market. Share Issue Pursuant to an Underwriting Agreement with Cooks Investment Holdings Limited, CGF is issuing 36,470,701 ordinary shares at an issue price of $0.0775. This capitalises advances previously made to CGF. A capital change notice accompanies this release with full particulars of the issue. Contact: Keith Jackson Executive Chairman Tel: +64 9 304 0567 ext. 714. Email: keith.jackson@cooksglobalfoods.com About Cooks Global Foods CGF operates in world markets and is listed on the NZX market operated by NZX Limited in New Zealand under the code CGF. It owns the intellectual property and master franchising rights to Esquires Coffee Houses worldwide (excluding New Zealand and Australia). CGF currently operates or franchises Esquires Coffee outlets in the United Kingdom, Ireland, Portugal, Bahrain, Kuwait, Syria, Saudi Arabia, Jordan, Pakistan, Indonesia, Canada and China. It owns the intellectual property for Grounded Responsible Coffee, Blended Freeze-Dried Coffee & Scarborough Fair teas. For more information visit: https://www.cooksglobalfoods.com. End CA:00352417 For:CGF Type:SECISSUE Time:2020-05-01 08:30:08