Implementation of Strategic Merger

• Successful implementation of strategic acquisition of four Australian private companies
• Duxton Farms now holds all ordinary and preference shares in the merged entities
• Scheme shareholders to receive new Duxton Farms shares and cash consideration

Duxton Farms Ltd (ASX:DBF) has announced the successful implementation of its strategic acquisition of four Australian private companies operating in walnuts, dried fruits, orchards and bees. The schemes of arrangement under Part 5.1 of the Corporations Act between the merger companies and their respective shareholders, through which Duxton Farms would acquire all preference shares it did not already own, have been successfully completed as per the orders of the Federal Court of Australia issued on 21 October 2025. Duxton Farms has also successfully acquired all of the ordinary class shares in each of the merger companies. The Deputy Chair of Duxton Farms, Rachel Triggs, stated that this has been a very long and complex process, but the company is now in a far stronger position to achieve its strategic objectives of building a large, diversified agricultural investment platform. Scheme shareholders will receive their entitlements to scheme consideration, including new Duxton Farms shares and, in some cases, cash. Certain scheme shareholders will be subject to escrow arrangements for up to 18 months.

Duxton Farms is considering a bid for the purchase of the Loxton apple orchard, which it acquired as part of the merger, from a major international fresh fruit processor and distributor. The company is also considering non-binding indicative offers received by potential acquirers for the sale of its Cowarbin and Merriment properties.