Investment Disclaimer

1. General

This presentation has been prepared by Picnic Labs Limited (the Company or Picnic). The presentation is to be treated as confidential information. The recipient must not copy, reproduce or distribute the Presentation to any person, other than where expressly agreed with the Company. The Presentation is provided solely for the information of the Recipient and is to be used only to assist the Recipient to evaluate its potential participation in a transaction. The information contained in this presentation is for information purposes only and has been prepared for use in conjunction with a verbal presentation and should be read in that context.

This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any securities in Picnic. This presentation has been made available for information purposes only and does not constitute a prospectus, short form prospectus, profile statement or offer information statement. This presentation is not subject to the disclosure requirements affecting disclosure documents under Chapter 6D of the Corporations Act, Australia.

The information contained in this presentation is not investment or financial product advice and is not to be used as the basis for making an investment decision. Please note that in providing this presentation, Picnic has not considered the objectives, financial position or needs of any particular recipient. Picnic strongly suggests that investors consult financial advisors prior to making an investment decision.

2. Forward Looking Statements

This presentation may contain certain forward looking statements and projections regarding estimated, resources and reserves; planned production and operating costs profiles; planned capital requirements; and planned strategies and corporate objectives. Such forward looking statements/projections are estimates for discussion purposes only and should not be relied upon. They are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors many of which are beyond the control of Picnic.

The forward looking statements/projections are inherently uncertain and may therefore differ materially from results ultimately achieved. Picnic does not make any representations and provides no warranties concerning the accuracy of the projections, and disclaims any obligation to update or revise any forward looking statements/projects based on new information, future events or otherwise except to the extent required by applicable laws.‍

3. Prepared in Good Faith

While the information contained in this presentation has been prepared in good faith, neither Picnic nor any of its directors, officers, agents, employees or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation.

Accordingly, to the maximum extent permitted by law, none of Picnic, its directors, employees or agents, advisers, nor any other person accepts any liability whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect of, the accuracy or completeness of the information or for any of the opinions contained in this presentation or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this presentation.

4. Limited Purpose of the Presentation

The Presentation does not purport to contain all information the Recipient may require or consider material in respect of evaluating its potential participation in a transaction. Certain information has not been included in the Presentation although the Recipient may consider such information to be necessary to its decision as to whether to participate in a transaction.

The information contained in the Presentation is of a general nature only. It has been sourced from publicly available information as well as non-public information. The Company nor any of its other advisors has verified or conducted an independent appraisal of the information contained in the Presentation (including the Forward Looking Statements discussed below) and none of them is under any obligation to correct, update or revise the Presentation or any information in it. The Recipient must rely on its own independent enquiries in respect of all information contained in the Presentation.

The Presentation is not, and does not purport to be, a recommendation or the making of an offer to the Recipient to participate in a transaction. The Recipient must conduct its own independent evaluation of its proposed participation in any transaction.  This presentation is not, and does not constitute, an offer to sell or the solicitation, invitation or recommendation to purchase any securities and neither this presentation nor anything contained in it forms the basis of any contract or commitment.

The offer of Picnic securities is made pursuant to a prospectus issued by Picnic and dated Picnic which describes the terms of the offer (Offer Document). The Offer Document Is available on Picnic Prospective investors should consider the Offer Document in deciding whether to acquire securities in Picnic under the offer. Prospective investors who want to acquire securities under the offer will need to complete an application form that is in or accompanies the Offer Document.

5. Jurisdictional Disclaimer

This presentation is not an offer of securities, and does not apply in any jurisdiction where, or to any person to whom, it would not be lawful to issue securities. If you access this presentation or our website from locations outside Australia, you do so at your own initiative and are responsible for compliance with local fundraising laws.

No action has been taken to register or qualify the securities of companies published in this presentation or our website or otherwise to permit a public offering of the securities on offer in any jurisdiction outside Australia.

Further, this presentation does not constitute an offer to sell, a solicitation of, or an invitation to subscribe for or to buy, securities in the United States or in relation to any U.S. person (as defined in Regulation S under the U.S. Securities Act of 1933, as amended ("the U.S. Securities Act")).

6. Exempt Offering

This Presentation / Term Sheet is not a public offer and has been prepared only for issue to, and use by, prospective investors who have been qualified as ‘Wholesale Clients’ as defined under section 761G of the Corporations Act 2001 (Cth). (Corporations Act) and to any person in respect of whom the Offer does not require disclosure under Chapter 6D.2 of the Corporations Act.  

If you are not a Wholesale Client or do not meet other suitability requirements described in the Corporations Act, the Company will not accept your subscription.