Arnotts has the top two brands in each segmentFY 2009 Cookie and Cracker SegmentsSOM (1) Savory y CrackersSOM

Sweet Biscuits

SOM

Chocolate Biscuits

44% 15%

10% 9%

43% 12%

(1) Value share of segment rounded FYTD 03/26/10 segment, rounded,

127

Arnotts has the top two brands in each segmentFY 2009 Cookie and Cracker SegmentsSOM (1) Savory y CrackersSOM

Sweet Biscuits

SOM

Chocolate Biscuits

44% 15%% of Arnotts net sales

10% 9%

43% 12%

40%

(1) Value share of segment rounded FYTD 03/26/10 segment, rounded,

128

Arnotts has the top two brands in each segmentFY 2009 Cookie and Cracker SegmentsSOM (1) Savory y CrackersSOM

Sweet Biscuits

SOM

Chocolate Biscuits

44% 15%% of Arnotts net sales

10% 9%

43% 12%

40%

38%

(1) Value share of segment rounded FYTD 03/26/10 segment, rounded,

129

Arnotts has the top two brands in each segmentFY 2009 Cookie and Cracker SegmentsSOM (1) Savory y CrackersSOM

Sweet Biscuits

SOM

Chocolate Biscuits

44% 15%% of Arnotts net sales

10% 9%

43% 12%

40%

38%

22%

(1) Value share of segment rounded FYTD 03/26/10 segment, rounded,

130

Arnotts financial performance 2004-2009: Consistency and underlying strengths are evident

Market Share

UP

Organic Net Sales UP

131

Five factors have played a role in driving Arnotts growth1. Refocused on core biscuit portfolio in Australia Divested Snackfoods Exited unprofitable private label Divested/restructured peripheral operations

132

Five factors have played a role in driving Arnotts growth1. Refocused on core biscuit portfolio in Australia Divested Snackfoods Exited unprofitable private label Divested/restructured peripheral operations Consolidated manufacturing

Marleston Plant

Huntingwood Plant

Virginia Plant

Bekasi Plant

133

Five factors have played a role in driving Arnotts growth1. Refocused on core biscuit portfolio in Australia 2. 2 Restructured management Eliminated stranded overhead C Consolidated sales f lid t d l force Streamlined administration

134

Five factors have played a role in driving Arnotts growth1. Refocused on core biscuit portfolio in Australia 2. 2 Restructured management 3. Restructured Route-to-Market to warehouse system Highly concentrated retail trade Two retail competitors combined SOM 80% Warehouse system more effective and efficient

135

Five factors have played a role in driving Arnotts growth1. Refocused on core biscuit portfolio in Australia 2. 2 Restructured management 3. Restructured Route-to-Market to warehouse system 4. Grew core brands Effective marketing Astute trade promotion Exceptional merchandising

136

Five factors have played a role in driving Arnotts growth1. Refocused on core biscuit portfolio in Australia 2. 2 Restructured management 3. Restructured Route-to-Market to warehouse system 4. Grew core brands 5. Invested in a Pilot Plant and Innovation Center

137

Arnotts attracted new consumers

138

Arnotts added almost 1 million new households to its Vita-Weat base

139

Shapes Sensations continues to live up to its promise

140

Arnotts is sustaining its momentumFY 2010 Q3 YTDVolume Market Share Net Sales Margins Operating Income UP UP UP UP UP

141

Product innovation has been a big contributor to growth this year

Arnotts most successful launch

142

Product innovation has been a big contributor to growth this year

Arnotts most successful launch

Increased household penetration Increased repeat buyers

143

TIM TAM COMMERCIAL LAST TIME 30 SECS

144

Continued good growth opportunities for Arnotts Adjacent, much larger categories New forms New textures New flavors New packaging

145

In savory biscuits, Arnotts has already started

$100 million segment O trend and growing On d d i Focused on health and wellness

146

Arnotts Vita-Weat Rice Crackers are competitively advantagedMany rice crackers need to add flavor enhancers to taste great. We dont.Many Rice Crackers Refined White Rice R fi d Whit Ri White & Shiny Flavor Enhancers Added MSG Vita-Weat Rice Crackers Brown Ri B Rice Golden Brown Real Chives Real Cheddar

147

Vita Weat Vita-Weat RICE CRACKER LAUNCH COMMERCIAL 30 SECS

148

In sweet biscuits, we see a big incremental opportunity in extending into cooking

149

In chocolate biscuits, we see another big opportunity by sourcing from adjacent confectionery category

150

In chocolate biscuits, we see another big opportunity by sourcing from adjacent confectionery category

Ne flavors New fla ors New forms Lighter style New convenience packages151