TASFOODS LIMITED (TFL)

The securities TasFoods Limited (the "Company") will be reinstated to official quotation as from the commencement of trading on Monday, 20 June 2016, following the Company's compliance with listing rule 11.1.3 and chapters 1 and 2 of the ASX Listing Rules.

The company announces that it has completed its recent capital raising. It accepted applications for 101,577,000 ordinary shares at an issue price of $0.25 each and raised $25,394,250 (before costs). Those shares were issued today. Also, the Company has today completed the acquisition of Nichols Poultry Pty Ltd and associated assets as well as Shima Wasabi Pty Ltd. Furthermore, The Company has received notification from ASX that it has decided to reinstate the Company's securities to official quotation on ASX on a date to be decided by ASX, subject to the Company complying with certain conditions. The Company is working to satisfy those conditions so that reinstatement can occur next Monday 20 June 2016.

The company issues a prospectus for an offer to apply for 121 million ordinary shares at $0.25 each to raise up to $30.25 million.

The company releases an investor update.

TasFoods Limited is pleased to announce it has entered into an agreement to acquire Shima Wasabi Pty Ltd. Shima Wasabi owns and operates a business producing and distributing wasabi, Japanese pepper, Japanese turnip and Japanese parsley in Northdown on the north west coast of Tasmania.

The securities of TasFoods Limited (the "Company") will be suspended from quotation immediately following the receipt of shareholder approval for the Company to change its nature of activities via the Nichols Poultry acquisition as disclosed in the notice of meeting, pursuant to listing rules 11.1.2 and 11.1.3. In accordance with ASX's requirements for compliance with Chapter 11 of the Listing Rules, the Company's securities will remain suspended until the Company has complied with Chapters 1 and 2 of the Listing Rules.

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