NZ SPP and Placement to to support increased investment

Cooks Coffee (NZX: CCC, AQUIS: COOK) has announced its intention to undertake a placement to selected investors (Placement) and a share purchase plan to its existing shareholders with an address in New Zealand (SPP) (together, the Offer). The Offer is not underwritten. The purpose of the Offer is to raise funds (after issue costs) for: - investing into improvements in Cooks Coffee's digital programs including, APP development, click and collect, and delivery and loyalty programs; - expanding the Esquires international business in the Middle East and Europe, in particular based on the successful operating model in the UK and Ireland; - driving growth plans through the establishment of a fund to allow acquisitions of existing successful independent cafes to be rebranded and sold to franchisees after rebranding; and - repaying some expensive second tier debt. SPP The SPP will be open to existing shareholders recorded in Cooks' share register as having a New Zealand address at 5.00pm on 12 March 2024 (Eligible Shareholders). The SPP will result in up to 5,690,862 new shares issued in Cooks Coffee. Eligible Shareholders will be able to apply for up to $50,000 of new shares. The board of directors of Cooks Coffee may, in its full discretion, accept any oversubscriptions which will be scaled according to the Record Date. The issue price for the SPP is NZD 0.20 per share. Placement The Placement will be offered to investors who have been identified by, or that approached, the Company in compliance with all applicable securities laws. The Placement is targeting a raise of up to NZ$1,707,258 through the issue of up to 8,536,294 new shares. The issue price of the Placement is NZD 0.20 (equivalent to ?0.0955) per share. Indicative timetable Announcement of Offer Wednesday, 13 March 2024 Record Date 5.00pm Tuesday, 12 March 2024 Opening Date Wednesday, 13 March 2024 Closing Date (unless extended) 5.00pm on Friday, 22 March 2024 Allotment Thursday, 28 March 2024 Statements dispatched 2 April 2024 Additional information Nothing contained in this announcement constitutes investment, legal, tax or other advice. Investors are encouraged to seek appropriate professional advice before making any investment decision. For any questions in respect of the Offer, please contact Link Market Services Limited at +64 9 375 5998 or email applications@linkmarketservices.com. For other questions, investors should contact their financial or legal adviser. Authorised for release by the Chair of Cooks Coffee. End CA:00427843 For:CCC Type:OFFER Time:2024-03-13 08:30:05