Me Today Completes King Honey Acquisition

30 June 2021 Auckland, New Zealand: Me Today Limited (NZX: MEE) today confirmed that its subsidiary Me Today Manuka Honey Limited has completed the acquisition of King Honey Limited. Settlement of the transaction was completed today with all conditions being satisfied. The company has allotted new shares for the capital raise of $15.75 million to part fund the acquisition at 8.8 cents per share. In addition the company has also allotted an additional $10m in new capital to a family trust associated with Terry Jarvis at 8.8 cents per share. Me Today would like to thank CM Partners who were the lead advisers assisting in the capital raise. The total purchase price of $36m was settled through the following components: - Cash on completion of $21m - The issue of $10m in new shares in MEE to the vendor at 8.8 cents per share - A subordinated note of $5m repayable in three years from completion with interest paid annually in arrears at 4%. Me Today Chair Grant Baker said "The Me Today team welcomes the King Honey business and looks forward to working with the King Honey management and employees as the business integrates into the Me Today group. In addition the group is looking forward to the additional scale and international opportunities provided by the King Honey business". Mr Baker also said that it is great to retain the ownership of King Honey within New Zealand, and that Me Today is proud to be able to market New Zealand Manuka Honey products to the rest of the world. Me Today CEO Michael Kerr said "The Me Today brand had been working on an extension to its existing supplement and skincare ranges utilising Manuka Honey and was excited by the new product development opportunities created for the brand with the ownership of King Honey". - ENDS - For further information, please contact: Grant Baker Chair, Me Today Limited 021 729 800 grant@gbaker.co.nz End CA:00374857 For:MEE Type:TRANSACT Time:2021-06-30 15:08:08