Farm Pride Food's collaboration with Vic Ag and financial update

Farm Pride Foods Ltd (ASX: $FRM) continues to collaborate with the Victorian Department of Agriculture (Vic Ag) to monitor the Avian Influenza (AI) situation in Meridith, Victoria. Approximately 4% of the company's total production capacity has been affected, and it will seek compensation from the Emergency Animal Disease Compensation Scheme for the disposal of these birds. The directors have extended the term of their loans to the company until 31 December 2024.

Executive Commentary on Operations and Financial Update

The Company continues to work closely with the Victorian Department of Agriculture to address the Avian Influenza situation. We are taking proactive measures to manage the impact of AI on our operations. The affected birds represent approximately 4% of our total production capacity, and we will seek compensation for the disposal of these birds. Additionally, the directors' decision to extend the term of their loans demonstrates their confidence in the company's long-term prospects and commitment to supporting our operations.

Summary of Farm Pride Food's Operations and Financial Update

Farm Pride Foods Ltd (ASX: $FRM) is actively collaborating with the Victorian Department of Agriculture to monitor and manage the Avian Influenza situation in Meridith, Victoria. Approximately 4% of the company's total production capacity has been affected, and compensation will be sought for the disposal of these birds. The directors have extended the term of their loans to the company until 31 December 2024, indicating their confidence in the company's future. Farm Pride Food remains committed to its environmental, social, and corporate governance responsibilities while continuing to develop its farming business to meet evolving market demands for cage-free eggs.