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Presentation - Bega Cheese

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2012 Results Highlights*<br />

EBITDA increase 9% to $57m<br />

PBT increase 23% to $27m<br />

EPS down 18% - reflects issues of new share capital<br />

and changed tax status of TMI<br />

Final dividend of 3.5 cents per share fully franked<br />

(Total dividend attributable to 2012 6.5cps)<br />

Milk intake increase 23% to 638m litres<br />

Increase in total production of 9% to 203,765t<br />

*Comparison to prior corresponding period<br />

BEGA CHEESE LIMITED 2012 ANNUAL REPORT | PAGE 3

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