Capital Gains Tax - Cost Base Allocation

When you invest in the Australian Dairy Farms Group you acquire stapled securities. Each stapled security consists of a share in Australian Dairy Farms Limited (ADFL) and a unit in Australian Dairy Farms Trust (ADFT). ADFL shares and ADFT units are separate assets for capital gains tax purposes.

Stapled security holders should refer to the ATO’s document titled "Stapled Securities and Capital Gains Tax" to determine their capital gains tax (CGT) obligations.

For capital gains tax purposes stapled security holders need to apportion the cost of each stapled security and the proceeds on sale of each stapled security on a reasonable basis over the ADFL shares and ADFT units. One possible method of apportionment is on the basis of the relative net assets of ADFL and ADFT. The relative net asset split of ADFL and ADFT are set out below:

Date

Australian Dairy Farms Limited (ADFL)

Australian Dairy Farms Trust (ADFT)

22 October 2014

100.00%

0.00%

31 December 2014

32.20%

67.80%

30 June 2015

25.67%

74.33%

31 December 2015 27.69%

72.31%

30 June 2016 25.31%

74.69%