Greenfern Industries Limited (NZX: GFI) Market Update

Further to GFI's market update on the 29th of September 2023 they now advise that while they have progressed repairs in some areas, they are now awaiting the planned specialist contractor who is finalising a commissioning project in the Solomon Islands to return to New Zealand in the coming weeks. This slight delay is out of their hands. In the meantime, they will search alternative options within the industry. "As this work is very specialised and the contractors are in high demand it is something that we have to be patient with, in order to get the repairs right". Says Managing Director Dan Casey GFI will continue to keep the market informed as the work progresses and repairs are completed. "As way of update, we have just completed the harvest of our first planned commercial crop in our new facility and the plants are currently in drying. We again look forward to keeping our shareholders updated on the progression in this space". Said Casey END. For further information contact: Dan Casey Managing Director Mobile 0274202476 Email dan@gfi.nz End CA:00419972 For:GFI Type:MKTUPDTE Time:2023-10-13 16:00:43