SELECT HARVESTS LIMITED — Capital/Financing Update 2010

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SELECT HARVESTS LIMITED

ASX Circular

ACCELERATED RENOUNCEABLE ENTITLEMENT OFFER

Date: 30 August, 2010

Key topics

1. Select Harvests Limited

2. Entitlement Offer

Select Harvests Limited (the “Company”) has announced a 2 for 5 accelerated renounceable pro-rata entitlement offer of ordinary shares at an issue price of $3.00 per share (“Offer Price”), to raise approximately $48 million (“Entitlement Offer”).

1. ASX Code: SHV

The Entitlement Offer has two components:

Reading List

Client Advisers Compliance Managers DTR Operators Institutions

ASTC Participants Office Managers Operations Managers (back office) Research Analysts ACH Participants Market Participants

• An institutional entitlement offer, where offers were made to eligible institutional securityholders for them to apply for their pro-rata entitlement (“Institutional Entitlement Offer”). Eligible institutional shareholders that do not take up and renounce their entitlement and institutional shareholders ineligible to participate in the offer will have their entitlement sold through a bookbuild process (the “Institutional Bookbuild”); and

• A retail entitlement offer, where offers will be made to eligible retail securityholders for them to apply for their pro-rata entitlement (“Retail Entitlement Offer”). Eligible retail shareholders that do not take up and renounce their entitlement and retail shareholders ineligible to participate in the Retail Entitlement Offer will have their entitlement sold through a bookbuild process (the “Retail Bookbuild”).

Authorised by

Dean Litis

Contact

Darren Collins

Eligible shareholders that decide not to exercise their Entitlements, and ineligible shareholders, will receive the amount (if any) by which the price achieved in the bookbuild process exceeds the Offer Price.

The Entitlement Offer is fully underwritten by Bell Potter Securities Limited.

The Entitlement Offer record date is Thursday, 26 August 2010 (7pm AEST).

ASX Limited ABN 98 008 624 691 Exchange Centre 20 Bridge Street Sydney NSW 2000 PO Box H224 Australia Square NSW 1215

The Retail Entitlement Offer is expected to close on Thursday, 16 September 2010.

The anticipated timetable in relation to the Entitlement Offer is shown below:

Internet: http://www.asx.com.au

No responsibility is accepted for any inaccuracies contained in the matter published.

ASX Circular

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Settlement issues

Despite the fact that securities are trading “ex entitlement” on ITS, CHESS will not recognise for settlement purposes the “ex entitlement” or the “cum entitlement” tag on CHESS messages and CHESS will not maintain cum balances during the deemed “CHESS ex-period”, i.e. the period commencing on the deemed CHESS Ex-Date up to and including the record date. However, a record date cum balance will be available the business day following the record date, which will be equal to the registered holding balance at CHESS end of day on the record date. As a result any transfer that occurs prior to record date will be effectively transferred on a “cum” basis.

Therefore, Participants must ensure that any transfer, including the priming of Broker Entrepot Accounts, is conducted in accordance with the basis of quote. For example, a transfer in relation to a transaction conducted on an ex-basis should ordinarily only occur post record date.

CHESS will perform automatic diary adjustments to “cum entitlement” settlement obligations outstanding as at the record date.

Trading issues

ASX will not price a “cum” market with respect to trading in the Company’s shares. Persons who acquire the Company’s shares after the commencement of the trading halt on Monday, 23 August 2010 are not entitled to participate in the Entitlement Offer.

Further information

For further details, please refer to the Company’s announcements or contact the Company.

Retail shareholders who have further questions regarding the Retail Entitlement Offer should call the Select Harvests Shareholder Information Line on 1300 707 186 (within Australia) or +61 3 9415 4811 (from outside Australia) between 8:30am and 5.00pm (AEST) during the Offer period.

ASX Circular

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