Collins Foods : Launches Dividend Reinvestment Plan

28 March 2022

ASX Market Announcements Office 10 Bridge Street

SYDNEY NSW 2000

Via ASX Online

Dear Sir/ Madam

ANNOUNCEMENT FOR RELEASE VIA MARKET ANNOUNCEMENTS PLATFORM

Please find attached a letter to shareholders regarding the introduction of a dividend reinvestment plan for Collins Foods Limited.

For further information, please contact:

Drew O'Malley Managing Director & CEO P: [phone]

By Order of the BoardFrances Finucan

Company SecretaryRonn Bechler

Investor Relations - Market Eye P: [phone]

E:[e-mail] Everett Media - Market Eye P: [phone]

E:[e-mail]

*S00000112Q01*

CKF

MR SAM SAMPLE FLAT 123

123 SAMPLE STREET THE SAMPLE HILL SAMPLE ESTATE SAMPLEVILLE VIC 3030

28 March 2022

Dear Shareholder

DIVIDEND REINVESTMENT PLAN

Collins Foods Limited (Collins Foods or the Company) is pleased to announce the introduction of a Dividend Reinvestment Plan (DRP), which allows shareholders with a registered address in Australia and New Zealand (Eligible Shareholders) to reinvest all or part of their dividends into additional fully paid Collins Foods shares.

Participating in the DRP

Eligible Shareholders that wish to participate in the DRP must elect to do so by making an election online atwww.computershare.com.au/easyupdate/CKF by no later than 5.00pm AEST on Tuesday, 12 July 2022.

Eligible Shareholders who do not wish to participate in the DRP will receive their dividend in accordance with Collins Foods' mandatory direct credit policy where dividend payments are paid by direct credit into a nominated Australian bank or financial institution account.

Regardless of participation, all shareholders are encouraged to update their payment instructions prior to Monday, 11 July 2022, the record date for any full year dividend that may be declared, by going online at the above address.

Please use your Holder Identification Number or Shareholder Reference Number for all online updates.

DRP Price

In accordance with the DRP rules, the Board has determined that DRP shares will be allocated at the average of the daily volume weighted average price of shares traded on ASX during the 10 trading days commencing on Wednesday, 13 July 2022 (the second trading day after the record date to determine entitlements to that dividend) and ending on Tuesday, 26 July 2022, with no discount.

Key features of the DRP (subject to the DRP rules)

Under the DRP, Eligible Shareholders may elect to reinvest all or part of their dividend payments into additional fully paid Collins Foods shares. No brokerage, commission or other transaction costs will be payable by shareholders on the shares allocated under the DRP.

Participation in the DRP is optional and available to shareholders with registered addresses in Australia and New Zealand. Shareholders may participate with all or part of their shareholding.

Samples/000001/000001/i12

Shares allocated under the DRP will rank equally with existing fully paid shares on issue. Statements will be provided for each dividend the DRP applies to.

Participation elections received after the nominated deadline will apply for future dividend payments. Once a shareholder elects to participate, the DRP will continue to apply for future dividend payments unless an Eligible Shareholder advises otherwise or unless the DRP is suspended or terminated by the Board in its absolute discretion.

Collins Foods recommends that you seek your own independent financial and taxation advice about the consequences of your participation in the DRP.

For each dividend, Collins Foods will publish on its website relevant information in relation to the DRP, including the DRP election date and information on the allocation price when available. The timetable applicable to the DRP on a declaration that may be made for the full year ended 1 May 2022 appears below.

Event	Date
Dividend announcement	Tuesday, 28 June 2022
Dividend record date	Monday, 11 July 2022
DRP election date	Tuesday, 12 July 2022
Dividend payment date	Monday, 1 August 2022
DRP issue date	Monday, 1 August 2022

A list of frequently asked questions relating to dividend reinvestment plans has been included at the front of the full terms and conditions of the DRP that are annexed to this letter or may be found at the Collins Foods website at:www.collinsfoods.com/investors/shareholder-services. If you have any questions (other than those that relate to financial or taxation advice), please contact Computershare Investor Services on 1300 850 505 (within Australia) or [phone] (outside Australia).

Yours sincerely

Frances Finucan Company Secretary

Annexure - Collins Foods Limited Dividend Reinvestment Plan, including Terms and Conditions and Frequently Asked Questions

Dividend Reinvestment Plan

Collins Foods Limited (ASX: CKF)

ACN 151 420 781

March 2022

A. Important Notes

This is an important document. You should read the Terms and Conditions carefully. Any information provided by Collins Foods Limited in this booklet is of a general nature only and does not take into account your personal circumstances.

If you have any doubts about how you should proceed, you should seek independent legal and financial advice from your lawyer, stockbroker, accountant and/or other professional adviser.