• Proposed acquisition of four Australian private companies in dried fruits, orchards, apiary, and walnuts
• $4 million fully underwritten institutional placement
• 85% franked $0.24 per share special dividend

Duxton Farms Ltd ('Duxton Farms' or the 'Company') operates a portfolio of agricultural assets spanning approximately 177,000 hectares across three states, supported by approximately 25,000 megalitres of water entitlements and an experienced operations team. The company proposes to acquire four Australian private companies operating in the dried fruits, orchards (apples), apiary, and walnuts sectors. This merger will create an agricultural player of scale with approximately $298 million in gross assets, 180,000 hectares of land (owned and leased), and 32,000 megalitres of water entitlements (owned and leased). The acquisition will significantly expand the scope and scale of Duxton Farms' portfolio while diversifying its exposure across new geographies, commodities and production systems. Duxton Farms has also announced an 85% franked $0.24 per share special dividend following a recent asset divestment, with eligible shareholders able to participate in the company's dividend reinvestment plan. Additionally, Duxton Farms is seeking to raise approximately $4 million via a fully underwritten institutional placement, with the net proceeds to be used to fund the cash component of the merger, the company's existing development projects, and additional water entitlements.