23 Nov

Forestry Development Fund Grant to be repaid

Kiland Limited Unit 3B, Level 3, 60 Hindmarsh Square ADELAIDE SA 5000 T (08) 8227 2482 F (08) 8312 2020 www.kiland.com.au ACN 091 247 166 23 November 2021 The Manager Companies Announcements Office Australian Securities Exchange Forestry Development Fund Grant to be repaid Kiland Limited (“KIL” or “the Company”) announced it secured a $5 million Forestry Development Fund grant from the Australian Commonwealth Government on 22 December 2020. The grant was to support development of a biomass pellet mill on Kangaroo Island. To date the Company has received $2.6 million in grant funds. The change in the Company’s strategy to revert its estate to an agricultural enterprise does not include the development of the pellet mill. Given this, the Australian Commonwealth Government has informed the Company that its application no longer aligns with the requirements of the grant program and the funds received to date are to be repaid. Kiland will repay the $2.6 million to the Australian Commonwealth Government in full. Sincerely, Victoria Allinson Company Secretary
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