Rubicon updates market on impact of Hurricane Michael

To: NZX Telephone: 64-9-356 9800


Further information on Rubicon Limited can be viewed at the Rubicon web site, at http://www.rubicon-nz.com.





19 October 2018 – Rubicon announced today that its 100%-owned US operating business, ArborGen
Inc (“ArborGen”), had sustained damage at only one of its nine orchards in the US South as a result of
the recent Hurricane Michael – the third most intense Atlantic hurricane to have ever made landfall
in the US, with wind speeds above 250 km/h. Mr Knott, the Chairman of Rubicon and ArborGen said
that the Company was currently assessing the impact, and would update the market in due course, if
required. Mr Knott said that none of ArborGen’s seven US nursery facilities or any of its current year
crops sustained damage, and that the Company’s previously provided US-GAAP EBITDA
1
guidance for
ArborGen of ~US$7
2
million for the current financial year ending 31 March 2019 remained in place.
EOF

Footnotes
1
EBITDA (Earnings before interest, tax, depreciation and amortisations) is a non-GAAP earnings measure that equity analysts
tend to focus on for comparable company performance, because that number removes distortions caused by differences in
asset ages, depreciation policies, and debt:equity structures.
2
Pre-restructuring, impairment, RBC transaction, and non-recurring costs. This is a ‘forward-looking statement.’ As this and
other forward-looking statements in this release are predictive in nature they are subject to a number of risks and
uncertainties relating to Rubicon and ArborGen, many of which are beyond our control [please refer the inside front cover
of Rubicon’s 2018 Annual Report for a discussion of some of those uncertainties and risks]. As a result, actual outcomes,
results and conditions may differ materially from those expressed or implied by such statements.

Rubicon updates market on impact of
Hurricane Michael