PRESS RELEASE

21 May 2014

BUDERIM GINGER TARGETS $10.35M THROUGH RIGHTS ISSUE Buderim Ginger is targeting to raise $10.35 million following an announcement of a rights issue being a pro-rata renounceable entitlement offer of 1 new share for every 1 existing share held at an issue price of $0.50 per new share.

Shareholders associated with the Directors together with senior management intend to take up entitlements representing approximately $4.1 million.
Entitlements are renounceable and will be tradeable on the ASX tradeable on market from Friday, 23
May 2014 to Wednesday, 11 June.
Buderim Ginger is a publicly listed Queensland company of about $70 million turnover which has experienced volatility in its earnings in the past. Following the sale of its baking business in the second half of 2013, the Company refocused on its core businesses of macadamias, ginger and tourism.
Roger Masters, CEO, said "In order to improve profitability, the Company's businesses need to establish themselves as low cost structures with better automation and vertical integration than seen previously.
A business improvement program has been prepared with changes needed in order to create the low cost environment. For example, update processing methods and packing equipment to lower waste and improve packaging."
"Although trading conditions remain challenging, the company will build on its brand equity, introduce greater competition in the area of procurement, and offer new products to strengthen sales," Roger Masters said.

END For further information please contact: Roger Masters Chief Executive Officer Ph: 07 5447 8430
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