ersonal use only

Annual General Meeting

28 FEBRUARY 2022

PAGE 1

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Disclaimer

ersonalThe i formation in this presentation is an overview and does not co tain all information necessary for investment decisions. In maki g i vestment decisions in connection with any acquisition of securities, investors should rely on their own examination of the assets and consult their own legal, business and/or financial advisers. The information contained in this presentation has been prepared in good faith by Alterra Limited, however no

repre entation or warranty expressed or implied is made as to the accuracy, correctness, completeness or adequacy of any statements,

estimates, opinions or other information contained in this presentation. To the maximum extent permitted by law, Alterra Limited, its directors, officers, employees and agents disclaim liability for any loss or damage which may be suffered by any person through the use or reliance on anything contained in or omitted in this presentation. Certain information in this presentation refers to the intentions of Alterra Limited, but these are not intended to be forecasts, forward looking statements or statements about future matters for the purposes of the corporations act or any other

applicable law. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause Alterra Limited's actual results, performance or achievements to differ from those referred to in this presentation. Accordingly, Alterra Limited, its directors, officers, employees and agents do not give any assurance or guarantee that the occurrence of the events referred to in the presentation will actually occur as contemplated.

PAGE 2

Investment Highlights

ALTERRA

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Carpenters is a world-class

project in development

Abundant, marketable

water resource

Targeting lowest quartile

production costs

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WESTERN AUSTRALIA

ersonal

Australia: Untapped export

potential

WA: Counter-seasonal

production

Pemberton/Manjimup: High

yields & premium fruit quality

Regional investment and jobs

AVOCADO MARKET

  • Robust global demand growth
  • Healthy, plant-based diet option
  • Quality agricultural assets attract high transaction values

AGRICULTURE

  • Sustainable industry meeting a growing need
  • Utilising value of increasingly scarce arable land and water resources

PAGE 3

Water capture potential of up to 11GL^, reflecting significant potential for external water sales

Carpenters Avocado Project

Located in the renowned horticulture region of Pemberton-Manjimup, in Western Australia's south-west

Avocados are a high-demand staple of western diets and onlybecoming increasingly popular in Asia.

Global imports growing at 10.5% (past 6yrs) with the

consumer trend towards healthy & plant-based foods

Abundant natural water resources

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Dam construction underway

Carpenters is planned as a ~280ha orchard - the largest avocado orchard in Western Australia

Targeting lowest quartile cost of production for Australian producers

ersonal^ Galt Geotechnics Report, November 2020, subject to regulatory approval

Carpenters Avocado Project

The Carpenters Project represents a large-scale and potentially world-class land parcel with abundant clean water capture and storage

only

~280ha available for planting

Located in the prime fruit growing region 12km NW of Pemberton and 15km SW of Manjimup, WA

100% owned by Alterra, incl. 30+10+10yr lease over land and water

Favourable soil and climate for high yielding Hass avocado production

Up to 85 people expected to be employed regionally at peak

production

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Stage

Planting Size

Planting Size

Cumulative

Status

(Ha)

(Hass Trees)

Hectares

2020

1

5

1,500

5

COMPLETE

2021

2

7.5

5,000

12.5

COMPLETE

2022

3

85

42,500

97.5

IN PROGRESS

2023

4

102.5

51,250

200

PLANNED

c.2030

5&6

~80

40,000

280

PLANNED

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Exact planting areas are subject to seasonal weather conditions

PERTH

Carpenters

c.280ha

Pemberton

Total ~280ha

represents ~10% of WA's total planted hectares

PAGE 5

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Alterra Limited published this content on 27 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 February 2022 23:31:04 UTC.