Mt Difficulty shareholders approve sale to FFW

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