Land & Homes : Quarterly Activities and Cashflow Reports - March 2022 Qtr

Land & Homes Group Limited

ABN 33 090 865 357

Level 3A, 148 Elizabeth Street

Sydney NSW 2000

T [phone]

F [phone]

[e-mail]

ASX Release (ASX Code: LHM)

29 April 2022

QUARTERLY ACTIVITIES AND CASHFLOW REPORTS

Land & Home Group Limited (ASX Code: LHM) provides its Quarterly Activities Report and Appendix 4C Quarterly Cashflow Report for the March 2022 Quarter.

Authorised by the Executive Committee of the Board and the Audit Committee respectively.

For further information please contact:

Andrew J. Cooke,

Company [e-mail]

About Land & Homes Group Limited

Land & Homes Group Limited (LHM) is a property development company focused on the acquisition of prime sites for project development into quality residential, commercial and mixed-use apartments. The Company is listed on the Australian Securities Exchange. Its strategy is to hold a diverse portfolio of high-yield properties and projects at various stages of development and construction.

The Company's operations have been established in Brisbane to develop quality, medium to high-density residential apartments for an expanding market in the strong sustainable growth region of South East Queensland. Initially concentrating the business activity on Brisbane city, the residential products are to be developed in attractive convenient locations of inner Brisbane area suitable for a balance of both investors and owner occupiers.

The Company is well placed to leverage the credentials and track record of its major shareholder, the Lian Huat Group, in property development in Australia with strong networks and insight into the needs of investors from Asia. With this experience, LHM will realise its Asia Vision through the establishment of an experienced management team that has expertise in Australia's property market, urban planning, project management and finance, along with an intimate knowledge of the appetite and demands of the significant Asian market.

Please visit the Company web site for additional details:www.landnhomesgroup.com

Land & Homes Group Limited

ABN 33 090 865 357

100 Boundary Street

Brisbane city QLD 4000

PO Box 720 Spring Hill QLD 4000

T [phone]

F [phone]

[e-mail]

ASX Release (ASX Code: LHM)

29 April 2022

QUARTERLY ACTIVITIES REPORT - 31 March 2022 QUARTER

BARRY PARADE PROJECT

The outlook in South East Queensland is continuing to show positive economic growth and investment opportunity.

The Barry Parade project is well placed in terms of its location and its product offering.

The Company has further advanced design elements of the proposed redevelopment and prepared a marketing strategy to attract international and domestic pre-sales.

The Company has received approval from Brisbane City Council for its application to amend the Development Approval to achieve an improved design which will better suit the current environment and future demand.

Due to the impact of COVID-19 pandemic and the associated economic restrictions in Australia and internationally, the Company resolved to defer the launch of its Barry Parade project marketing strategy from 2021 to 2022. However, during the past year there has also been considerable increase in construction cost and revenue projections which are both currently under assessment. Subject to acceptable market and economic conditions, it is anticipated that marketing will likely commence in late 2022.

PROJECT EXPENDITURE

Project expenditure incurred during the quarter ended 31 March 2022 on the groups' project is set out below:

Project Barry Parade

Amount Incurred $135,436

PAYMENTS TO RELATED PARTIES AND THEIR ASSOCIATES

Directors Fees in the amount of $76,429 were paid during the quarter ended 31 March 2022.

Interest in the amount of $16,000 was paid to a related party during the quarter.

Approved and Authorised for release by the Executive Committee.

For further details contact:[e-mail]

Rule 4.7B

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

Name of entity

Land & Homes Group Limited

ABN

33 090 865 357

Quarter ended ("current quarter")

31 March 2022

Consolidated statement of cash flows	Current quarter $A'000	Year to date (6 months) $A'000
1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for (a)research and development (b) product manufacturing and operating costs (c) advertising and marketing (d) leased assets (e) staff costs (f) administration and corporate costs 1.3 Dividends received (see note 3) 1.4 Interest received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Government grants and tax incentives 1.8 Other - (sale of property held for resale and related expenditure and related capitalisation of development expenses) 1.9 Net cash from / (used in) operating activities	18 - - - - (80) (18) - - (88) - - (136)	60 - - - - (178) (173) - - (323) - - 18,622
(304)	18,008

2. 2.1

Cash flows from investing activities Payments to acquire:

(a)	entities	-	-
(b)	businesses	-	-
(c)	property, plant and equipment	-	-
(d)	investments	-	-
(e)	intellectual property	-	-
(f)	other non-current assets	-	-
Page 1

4. 4.1 4.2 4.3 4.4 4.5 4.6	Net increase / (decrease) in cash and cash equivalents for the period Cash and cash equivalents at beginning of period Net cash from / (used in) operating activities (item 1.9 above) Net cash from / (used in) investing activities (item 2.6 above) Net cash from / (used in) financing activities (item 3.10 above) Effect of movement in exchange rates on cash held Cash and cash equivalents at end of period	583 (304) - - -	1,231 18,008 - (18,960) -
279	279

Consolidated statement of cash flows	Current quarter $A'000	Year to date (6 months) $A'000
2.2 Proceeds from disposal of: (a) entities (b) businesses (c) property, plant and equipment (d) investments (e) intellectual property (f)other non-current assets 2.3 Cash flows from loans to other entities 2.4 Dividends received (see note 3) 2.5 Other (provide details if material) 2.6 Net cash from / (used in) investing activities	- - - - - - - - -	- - - - - - - - -
-	-

3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) 3.2 Proceeds from issue of convertible debt securities 3.3 Proceeds from exercise of options 3.4 Transaction costs related to issues of equity securities or convertible debt securities 3.5 Proceeds from borrowings 3.6 Repayment of borrowings 3.7 Transaction costs related to loans and borrowings 3.8 Dividends paid 3.9 Other (provide details if material) 3.10 Net cash from / (used in) financing activities	- - - - - - - - -	- - - - - (18,960) - - -
(18,960)	(18,960)

5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts	Current quarter $A'000	Previous quarter $A'000
5.1 Bank balances 5.2 Call deposits 5.3 Bank overdrafts 5.4 Other (provide details) 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above)	279 - - -	583 - - -
279	583

• 6. Payments to related parties of the entity and their associates

• 6.1 Aggregate amount of payments to related parties and their associates included in item 1

• 6.2 Aggregate amount of payments to related parties and their associates included in item 2

Current quarter

$A'000

76

Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments

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