Monday, 20 August 2018

Announcement

TRANSACT: FFW: Mt Difficulty shareholders approve sale to FFW

29 Nov 2017 16:09NZX
29 November 2017

Mt Difficulty shareholders approve sale to FFW

Foley Family Wines Limited [NZX: FFW] is pleased to advise that the
shareholders of Mt Difficulty Wines Limited (MDW) have approved the purchase
by FFW of all of the Mt Difficulty Wines assets and business in accordance
with the agreement signed and announced on 14 November 2017.

Completion of the transaction agreement remains conditional on a number of
matters, including FFW''s shareholder approval, Overseas Investment Office
approval and obtaining key third party consents.

As previously advised, subject to FFW''s shareholder approval, which is
proposed to be sought in the first quarter of 2018, it is anticipated the
acquisition will be completed by around 30 June 2018.

Further, FFW is delighted to announce that Dashwood Pinot Noir won three
trophies at the Air New Zealand Wine Awards on Saturday.  Specifically,
Dashwood Pinot Noir won Champion Pinot Noir, Champion Open Red Wine and
Reserve Wine of Show.

In addition, Goldwater Sauvignon Blanc won Champion Sauvignon Blanc and
Champion White Wine.

Mark Turnbull CEO said, "we are delighted to have come away with five
trophies from New Zealand''s premier wine event.  Over the previous six
months, our wines have won over 11 trophies and 28 gold medals.  Our great
success shows that we are well on track to becoming New Zealand''s most
revered wine group."

Authorised for public release.

For further information please contact:
Mark Turnbull
CEO, Foley Family Wines Limited
PO Box 67, Renwick, 7243, Marlborough
Tel: +64 21 714 885
Email: mark@ffw.co.nz
End CA:00311148 For:FFW    Type:TRANSACT   Time:2017-11-29 16:09:22
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