THE SUSTAINABLE NUTRITION GROUP LTD(TSN)

delisted at entity's request under Listing Rule 17.11

we understand Elixinol Wellness was successful with an offer of 1.1225 Elixinol Wellness ordinary fully paid shares for each TSN share

The scheme of arrangement to effect the acquisition by Elixinol Wellness pursuant to which the Company will acquire 100% of the ordinary shares of The Sustainable Nutrition Group Ltd, that was approved by holders of TSN shares on 2 August 2023 and by the Federal Court of Australia on 7 August 2023, has today been implemented. Elixinol Wellness now holds all of the ordinary shares in TSN. Scheme Participants who held TSN shares as at 7:00pm (AEST) on 10 August 2023 have today been issued consideration of 1.1225 Elixinol Wellness ordinary fully paid shares for each Scheme Share. The consideration that would otherwise have been issued to Ineligible Shareholders under the Scheme has been issued to the Sale Nominee, in accordance with the Scheme.

The company releases a notification of cessation of securities.

The company releases a notice of application for quotation of securities.

The securities of The Sustainable Nutrition Group Ltd will be suspended from quotation at the close of trading today, Tuesday 8 August 2023, in accordance with Listing Rule 17.2, following lodgement of the Federal Court of Australia orders with ASIC approving the scheme of arrangement by which Elixiol Wellness will acquire all of the issued shares in TSN.

The suspension of trading in the securities of The Sustainable Nutrition Group Ltd will be lifted from the commencement of trading on Friday, 6 January 2023 following lodgement of its Annual Report, Appendix 4G and Corporate Governance Statement.

The company lodges the following: 2022 Annual Report, Appendix 4G and Corporate Governance Statement.

The company releases a notification regarding unquoted securities.

The company releases a notification of cessation of securities.

Elixinol Wellness to implement schemes of arrangement with The Sustainable Nutrition Group Ltd to acquire 100% of TSN's ordinary shares and effect an exchange of options. Acquisition increases size and scale for both Elixinol Wellness and TSN. Group to own and operate brands across four key verticals: plant-based food and nutrition, hemp-based nutraceuticals such as CBD, pet nutritional supplements and skin health. TSN brands include Australian Primary Hemp, Mt Elephant, Field Day and The Australian Superfood Company. Group is anticipated to benefit from potential annualised cost savings and identified synergies of up to $6.6m, including potential savings identified from the strategic reviews undertaken by both companies and identified potential synergies of up to $2.3m. Shared new product development, increased product range and IP to assist in driving growth across retail, wholesale and ecommerce channels. Acquisition enables the group to leverage access to the largest hemp farmer network in Australia and increased distribution points from 2,300 to 4,100 locations. Global plant-based protein market expected to significantly grow from US$10.3bn in 2020 to US$17.5bn in 2027.

Regarding the acquisition of The Australian Superfood Company, the acquisition price of A$3.0 million was to be paid as follows: A$1.85 million cash, which was paid in part settlement in late January 2022; and A$1.15 million in TSN fully paid ordinary shares to be paid upon TASCo achieving a Target Gross Profit of A$1.3 million in FY22. The Consideration Shares were to be issued at a price equivalent to the 10-day VWAP once the earn out criterion was met in June 2022.

The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report.

10,354,284 unlisted options exercisable at $0.26 have expired in accordance with their terms of issue.The unlisted options were approved by shareholders at the Company's Annual General Meeting held on 16 September 2019 as part of the share sale agreement to the founders and advisers of the Company as announced on 21 June 2019.

The company releases a notification of cessation of securities.

The company lodges its Appendix 4E and Preliminary Final Report.

The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report.

The company is continuing its voluntary suspension until the close of trading on 29 July 2022 in order to provide the company with additional time to continue its comprehensive strategic review of the company's product ranging, customer acquisition pipeline and financial forecasts following the loss of a strategic customer supply agreement for existing branded goods. The voluntary suspension is anticipated to remain in place until the earlier of the close of normal trading on 29 July 2022 or when the strategic review has been completed and the market update has been released.

The company extends the voluntary suspension of its securities until the close of trading on 30 June 2022, following the initial notice of voluntary suspension released on 18 May 2022.

The company releases a notification of cessation of securities.

The securities of The Sustainable Nutrition Group will be suspended from quotation immediately under Listing Rule 17.2, at the request of TSN, pending the release of an announcement regarding the termination of a key strategic customer supply agreement.

name changed from Australian Primary Hemp Limited