HRL : Share Purchase Plan Cleansing Notice

HRL Holdings Limited

Level 8 Waterfront Place, 1 Eagle Street Brisbane Queensland 4000, Australia

GPO Box 216

Brisbane Queensland 4001, Australia

Tel [phone] Email [e-mail] ASX Announcement 31 October 2017 Share Purchase Plan Cleansing Notice

HRL Holdings Limited (Company) (ASX: HRL)

$1 million Share Purchase Plan Cleansing Notice

On 17 October 2017, HRL Holdings announced that it was establishing a share purchase plan (2017 SPP) to entitle all registered holders of ordinary shares in the Company as at 7.00pm on Monday 16 October 2017 and who have an address (as recorded in the Company's register of members) in Australia or New Zealand, to subscribe for up to $15,000 of new fully paid ordinary shares in the Company at $0.085 per share.

The 2017 SPP opens on 1 November 2017 and closes on 27 November 2017. Applications for New Shares can be made in one of the following amounts:

• 25,000 shares for $2,125;

• 50,000 shares for $4,250;

• 75,000 shares for $6,375;

• 100,000 shares for $8,500;

• 150,000 shares for $12,750; or

• 176,470 shares for $14,999.95

The Company gives this notice pursuant ASIC Class Order CO 09/425 (CO 09/425) and under section 708A(5)(e) of the Corporations Act 2001 (Cth) (Corporations Act) (as modified by CO 09/425). The shares the subject of the 2017 SPP will be offered and issued without disclosure to investors under Part 6D.2 of the Corporations Act.

As at the date of this notice, the Company has complied with:

• the provision of Chapter 2M of the Corporations Act as they apply to the Company; and

• section 674 of the Corporations Act.

As at the date of this notice, there is no excluded information for the purposes of section 708A(7) and section 708A(8) of the Corporations Act.

On Behalf of the Board

Paul Marshall Company Secretary HRL Holdings Ltd

www.hrlholdings.com | ABN 99 120 896 370 | ASX Code: HRL