Djerriwarrh Investments : DRP Letters

1 December 2016

The Manager

ASX Market Announcements Australian Securities Exchange Exchange Centre

Level 4

20 Bridge Street

Sydney NSW 2000

Electronic Lodgement

Djerriwarrh Investments Limited Dividend Reinvestment Plan

Dear Sir / Madam

Please find attached correspondence that has been sent to shareholders regarding the Company's Dividend Reinvestment Plan.

As announced at the Company's Annual General Meeting in October the Board is considering the reinstatement of the DRP for the interim dividend in February 2017 subject to market and economic conditions.

Yours faithfully

Matthew Rowe Company Secretary

30 November 2016

DJW

MR SAM SAMPLE FLAT 123

123 SAMPLE STREET THE SAMPLE HILL SAMPLE ESTATE SAMPLEVILLE VIC 3030

Djerriwarrh Investments Limited

ABN 38 006 862 693

Level 21, 101 Collins St

Melbourne VIC 3000

T 03 9650 9911

F 03 9650 9100

[e-mail] djerri.com.au

*L000001*

Dear Shareholder

REACTIVATION OF DIVIDEND REINVESTMENT PLAN ("DRP")

As foreshadowed at the Company's Annual General Meeting held on 10 October 2016 Djerriwarrh Investments Limited (the Company) intends to reactive the Company's Dividend Reinvestment Plan (the Plan), which has been suspended since January 2013.

The reactivation of the Plan follows the move to a more sustainable dividend level and the reduction in the share price premium over the Net Tangible Asset Backing. As announced in the Annual Report it is the Board's current expectation that the total dividend for the 2016/17 financial year will be 20 cents per share, an interim dividend of 10 cents per share (the same as last year) and a final dividend of 10 cents per share. This forecast remains subject to economic and market conditions.

The Plan offers eligible shareholders the opportunity to reinvest all or part of their future dividends in additional ordinary shares in the Company. There is no brokerage or other transaction costs payable by participants in the Plan. The price of shares acquired under the Plan may be subject to a discount determined by the Directors from time to time.

Shareholders considering participation are strongly encouraged to seek their own independent professional advice and read the full Terms and Conditions of the Plan, which have recently been updated. The Terms and Conditions can be downloaded at www.djerri.com.au or a free hard copy of them can be requested by contacting Djerriwarrh's Share Registrar, Computershare Investor Services Pty Limited, on 1300 653 915.

If you would like to participate in the Plan, please return a completed and signed hard copy Dividend Reinvestment Plan form to the Company's Share Registrar in the enclosed envelope.

Alternatively, you can elect to participate electronically by logging onto the Share Registrar's website at www.investorcentre.com/au and following the instructions there.

If you do not wish to participate in the Plan, you do not need to do anything.

If you have any questions in relation to the operation of the Plan please contact the Company's Share Registrar on 1300 653 915 (within Australia) or [phone] (outside Australia).

221115_01WRHD

Yours faithfully

John Paterson

Chairman

Samples/000001/000001

Return your information:

Online:

www.investorcentre.com/contact

By Mail:

Computershare Investor Services Pty Limited GPO Box 2975 Melbourne

Victoria 3001 Australia

*M00000112Q02*

DJW

MR SAM SAMPLE FLAT 123

123 SAMPLE STREET THE SAMPLE HILL SAMPLE ESTATE SAMPLEVILLE VIC 3030

Enquiries:

(within Australia) 1300 850 505

(international) [phone]

Securityholder Reference Number (SRN)

SRN WITHHELD

DEC

Dividend Reinvestment Plan

 For your security keep your SRN/HIN confidential.

Use a black pen.

Print in CAPITAL letters inside the grey areas.

A B C 1 2 3

Where a choice is required,

mark the box with an 'X' X

1. Dividend Reinvestment Plan (DRP)

   ALL Please mark this box with an 'X' if you wish all of your holding to participate in the company's DRP.

   PART

   Show the number of securities you wish to participate in the company's DRP.

   D I 0 0 1

2. Sign Here - This section must be signed for your instructions to be executed.

I/We authorise you to act in accordance with my/our instructions set out above. I/We acknowledge that these instructions supersede and have priority over all previous instructions in respect to my/our securities. Where I/we have indicated participation in the Dividend Reinvestment Plan, I/we hereby agree to be bound by the Terms and Conditions of the Dividend Reinvestment Plan.

Individual or Securityholder 1

Director

Securityholder 2

Director/Company Secretary

Securityholder 3

Sole Director and Sole Company Secretary

Date - Day Month Year

Note: When signed under Power of Attorney, the attorney states that they have not received a notice of revocation. Computershare Investor

Services Pty Limited needs to sight a certified copy of the Power of Attorney.

D J W

0 1 D I

DJW

Samples/000001/000002/i12

How to complete this form

A

Dividend Reinvestment Plan (DRP)

Complete this section if you wish to have your cash dividends reinvested in the form of more company securities.

If you wish to reinvest all of your securities in the company's DRP, please cross the box marked ALL.

If you wish to reinvest part of your securities in the company's DRP, please show the number of securities that you wish to participate.

Please note that an election to participate fully in the Dividend Reinvestment Plan will override any instruction on the registry record regarding direct payment of cash dividends into a nominated account.

This instruction only applies to the specific holding identified by the SRN/HIN and the name appearing on the front of this form.

B

Signature(s)

If you have chosen to have your cash dividends fully or partially reinvested into company securities and you have completed Section A, you must sign this form as follows in the spaces provided:-

Joint Holding:

where the holding is in more than one name, all of the securityholders must sign.

Power of Attorney:

to sign under Power of Attorney, you must have already lodged this document with the registry. If

you have not previously lodged this document for notation, please attach a certified photocopy of the Power of Attorney to this form when you return it.

Companies:

where the company has a Sole Director who is also the Sole Company Secretary, this form

must be signed by that person. If the Company (pursuant to section 204A of the Corporations Act 2001) does not have a Company Secretary, a Sole Director can also sign alone. Otherwise this form must be signed by a Director jointly with either another Director or a Company Secretary.

Please indicate the office held by signing in the appropriate place.

D I 0 0 1

D J W

Please return the completed form to: Computershare Investor Services Pty Limited GPO Box 2975

Melbourne VIC 3001 Australia