HRL : Results of EGM

Level 8 Waterfront Place, 1 Eagle Street

Brisbane Queensland 4000, Australia

GPO Box 216

Brisbane Queensland 4001, Australia

Notice is hereby given, in accordance with Listing Rule 3.13.2 and Corporations Law Section

251AA(2) that at the Extraordinary General Meeting of the Company held today that the resolutions as set out below were passed by a show of hands without amendment.

"That, subject to the passing of Resolutions 2 to 5 (inclusive) for the purpose of ASX Listing Rule 11.1.2 and for all other purposes, approval is given for the Company to acquire all of the issued capital of Precise Consulting and Laboratory Limited (NZ Company No. 3772580) (Precise Consulting) from the existing shareholders of Precise Consulting, Andre Lee Halkyard and Donna Louise Firth (Vendors) on the terms and conditions set out in the Explanatory Memorandum accompanying this Notice and to consequently make a significant change in the nature and scale of the Company's activities."

"That, subject to the passing of Resolutions 1, 3, 4 and 5, for the purpose of Listing Rule
11.1.2 and for all other purposes, approval is given for the Company to proceed with the Share Sale Agreement between the Company, the Vendors and Precise Consulting entered into on 23 December 2014 (Share Sale Agreement) pursuant to which the Company will acquire all of the issued capital of Precise Consulting on the terms and conditions set out in the Explanatory Memorandum accompanying this Notice."

"That, subject to the passing of Resolutions 1 ,2, 4 and 5, in accordance with section 254H of the Corporations Act 2001 (Cth) (Corporations Act), the Company's Constitution and for all other purposes, approval is given for the issued capital of the Company to be consolidated on the basis that:
a) every 13 Shares in the Company be consolidated into 1 Share;
b) every 13 Options be consolidated into 1 Option with the exercise price per Option amended in inverse proportion to that ratio; and
c) where this consolidation results in a fraction of a security being held, the Directors be authorised to round that fraction up to the nearest whole security
on the terms and conditions set out in the Explanatory Memorandum accompanying this
Notice."

"That, subject to the passing of Resolutions 1, 2, 3, 5 and 6, pursuant to Listing Rule 7.1 and for all other purposes, approval is given for the Company to carry out the Capital Raising and issue and allot up to 76,923,077 Shares on a post-Consolidation basis at a post- Consolidation issue price of $0.065 on the terms and conditions set out in the Explanatory Memorandum accompanying this Notice"
www.hrlholdings.com | ABN 99 120 896 370 | ASX Code: HRL

"That, subject to the passing of Resolutions 1 to 4 (inclusive), and 6, pursuant to Listing Rule
10.11 and for all other purposes, approval is given for the Company to issue and allot up to
46,671,268 Shares (on a post-Consolidation basis) to the Directors (and/or their nominees)
out of the Shares that may be issued pursuant to Resolution 4 on the terms and conditions set out in the Explanatory Memorandum accompanying this Notice."

To consider and, if thought fit, pass the following Ordinary Resolution, with or without amendment:
"That, subject to the passing of Resolutions 1 to 5, and for the purpose of ASX Listing Rule
10.11 and for all other purposes, approval be given for the Company to:
1. enter into an Underwriting Agreement (the Underwriting Agreement); with Tulla Property
Partners Pty Ltd ACN 126 992 103 (Tulla); and
2. issue up to 53,846,154 to Tulla at a price of $0.065 pursuant to the Underwriting
Agreement;
in each case on the terms and conditions set out in the Explanatory Memorandum accompanying the Notice of this Meeting."

In respect of each resolution, the total number of proxy votes exercisable by all proxies validly appointed and the total number of proxy votes in respect of which the appointments specified that:

I. The proxy was to vote for the resolution; and

II. The proxy was to vote against the resolution; and

III. The proxy was able to vote at the proxy's discretion; and

IV. The proxy was to abstain on the resolution

Are set out below:

As noted in the Company's letter to ASX of earlier today the shares of the Company will now be suspended from trading until such time as HRL has re-complied with Chapters 1 and 2 of the Listing Rules and is reinstated to the Official List of ASX.

Paul Marshall Company Secretary HRL Holdings Ltd

www.hrlholdings.com | ABN 99 120 896 370 | ASX Code: HRL

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