New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>Scales Corporation (SCL) has provided an initial assessment of the impact of Cyclone Gabrielle.</li><li>Scales does not hold crop insurance for this event, and a material financial impact is expected for the Horticulture division in FY23.</li><li>Prior group FY23 NPAT guidance of NZ$23.5m – NZ$28.5m has been withdrawn, and further quantitative information has not been provided at this stage.</li></ul>

Scales Corporation (SCL) has provided an initial assessment of the impact of Cyclone Gabrielle.Scales does not hold crop insurance for this event, and a material financial impact is expected for the Horticulture division in FY23.Prior group FY23 NPAT guidance of NZ$23.5m – NZ$28.5m has been withdrawn, and further quantitative information has not been provided at this stage.

Scales Corporation (SCL): Impact of Cyclone Gabrielle

Scales Corp Ltd

Scales Corporation (SCL): Impact of Cyclone Gabrielle