30 March 2017

Acquisition of Daniels Health Australia - Payment of Deferred Consideration

Tox Free Solutions Limited ("Toxfree") completed the acquisition of 100% of the shares and related assets of Daniels Health Pty Ltd and Daniels Manufacturing Pty Ltd (together "Daniels") for an enterprise value of $186 million on 1 December 2016.

As disclosed on this date and in Toxfree's Announcement and Investor Presentation lodged with the ASX on 26 October 2016, Toxfree had agreed to defer $10 million of consideration payable to 31 March 2017, payable in cash and/or a further issue of Toxfree shares, at the election of Toxfree.

Toxfree wishes to advise that it has elected to pay the deferred consideration via a 100% cash payment, to avoid dilution of Toxfree shareholders. This cash payment will be made to the vendor on Friday, 31 March 2017.

Yours sincerely

David McArthur Company Secretary

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Tox Free Solutions Limited published this content on 30 March 2017 and is solely responsible for the information contained herein.
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