DAIRY FARM TO PARTNER WITH ROBINSONS IN THE PHILIPPINES

Hamilton, Bermuda – 23 November, 2018 – In a filing with the Bermuda Stock Exchange (“BSX”), Dairy Farm International Holdings Limited (the “Company”; Ticker: DFIBD.BH) announced their partnership with Robinsons in the Philippines.  The filing stated:

Further to its announcement on 23rd March 2018, Dairy Farm International Holdings Limited is pleased to announce today the completion of the combination of its wholly-owned food retail business, Rustan Supercenters, Inc. ('RSCI'), with Robinsons Retail Holdings, Inc. ('RRHI').

Dairy Farm has exchanged its interest in RSCI for new shares in RRHI representing some 12.15% of its enlarged share capital and has acquired a further 6.1% interest in the enlarged share capital from the existing controlling shareholders. This, together with certain on-market purchases made since this transaction was announced on 23rd March 2018, gives Dairy Farm a total current shareholding of 20% in RRHI. As at the date of this announcement, the Gokongwei family, being the controlling shareholders, continue to hold a 51% interest in RRHI.

Jonathan Lloyd, Jardine Matheson Limited

For and on behalf of Dairy Farm International Holdings Limited

23rd November 2018

www.dairyfarmgroup.com

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