Q1 2017 - INVESTOR UPDATE

• Sales revenue growth with direct-to-consumer and

wholesale distribution strategy

• High-value, vegetable lines demonstrate strong yields during Wheatbelt summer conditions

• Three zone plan finalised for land asset in Buntine

• Strong media, celebrity and public interest in WOA and

WOA’s food brand, Food for Reasons

• Intention to list as regenerative food and agriculture company continues

HIGHLIGHTS

DETAILS

• Sales revenue growth with direct-to-consumer and wholesale distribution strategy

SALES & DISTRIBUTION

Wide Open Agriculture (WOA) has successfully launched a direct-to-consumer vegetable box scheme in four Wheatbelt towns and Scarborough. The distribution strategy has increased sales revenue and recorded positive feedback from Wheatbelt and Perth-based consumers. Accompanying the box scheme, WOA has commenced sales arrangements with large-scale wholesalers for specific lines including roma and round tomatoes.

• High-value, vegetable lines demonstrate strong yields during Wheatbelt summer conditions

PRODUCTION

WOA’s growing technology has proven to grow high-value crops in Wheatbelt summer conditions. The first crops, planted in 41C conditions, have produced high yielding herbs, cucumbers, tomatoes (round, roma, cherry and grape) and capsicum. The high yields are occuring during non-growing periods for traditional growing areas such as the Gasgoyne region. This demonstrates WOA’s potential to grow vegetables during periods of limited local supply.

• Three zone plan finalised for land asset in Buntine

The three zone plan includes an economic, mixed and nature zone for WOA’s Buntine property. The plan was finalised with expert inputs from ex-CSIRO researcher (Dean Revell), award-winning biological farmer (Stuart McAlpine) and Greening Australia’s Wheatbelt team. The plan demonstrates a financially-rewarding, low risk and climate responsive approach to regenerative farming in the northern Wheatbelt. In Q3, over 60,000 new shrubs will be planted in the mixed zone of the land asset.

LAND ASSET

STRUCTURE

During Q1, ABC News, Countryman and Farmers Weekly published leading news stories on WOA’s progress and ambitions in the Wheatbelt. The ABC story included a one-minute video that was viewed over 10,000 times. WOA is developing a strong social media presence via Instagram and Facebook accounts for WOA and its food brand, Food for Reasons. Celebrity support has been received by Food for Reasons and WOA from leading dietitians and sport celebrities.

• Strong media, celebrity and public interest in WOA and WOA’s food brand, Food for Reasons

PUBLIC RELATIONS

WOA continues its intention to strive for public listing through reserving the ASX code ‘WOA’ and is currently updating investor materials and forecast financials. Commonland, WOA’s cornerstone investor, continues to support WOA in its ambition to be a globally-inspiring, 4 returns company through project, funding and fundraising support.

INVESTOR

• Intention to list as regenerative food and agriculture company continues

NEXT STEPS

• Continue striving for ASX listing with development of prospectus and investor materials

• Release expression of interest to Wheatbelt shires to identify site for second and expanded greenhouse

• Continue to grow social media presence via social media and

brand ambassador endorsements towards Food for Reasons

INVESTMENT