Seeka considering Australian growth strategy

29 July 2019



Seeka considering Australian growth strategy

Seeka [NZX:SEK] advises that it is considering its Australian growth strategy and the potential for a sale
and leaseback on some or all of its orchard portfolio in Australia. This strategy will provide funds to both
accelerate kiwifruit orchard development and to repay debt.

This strategy is consistent with Seeka’s recent approach in New Zealand where orchards were purchased
in Northland and sold to third parties with a secure term packing commitment.

Seeka Australia holds significant land suitable for sustainable horticultural development. Seeka currently
holds over 273 hectares of orchards in production or development, with approximately 278 hectares
available for new development. The portfolio of orchards includes 163 hectares of kiwifruit and 110
hectares of European and Asian pears of which 21 hectares are new variety pears yet to come into full
production.

Seeka has approximately NZD$49m invested in Australia across both the post-harvest and orcharding
business.
Ends.


For further information, please contact:

Michael Franks Chief Executive Seeka 021 356516

Stuart McKinstry Chief Financial Officer 021 2215583