Correction - Further re selling prices

R.E.A. Holdings plc (RE.) R.E.A. Holdings plc: Correction - Further re selling prices 20-Jun-2022 / 11:59 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. R.E.A. Holdings plc ("REA" or the "company") Further re selling prices Further to the company's announcement in March 2022 regarding selling prices for crude palm oil ("CPO") and crude palm kernel oil ("CPKO"), the Indonesian government has published a change to the export duty structure with effect from 10 June 2022. There has been no change to the export levy structure. REA sells CPO into the local Indonesian market which is not subject to export levy or export duty. However, arbitrage between the Indonesian and international CPO markets normally results in a local price that is broadly in line with prevailing international prices after adjustment of the latter for delivery costs and export tariffs and restrictions. Changes to export tariffs and restrictions therefore have an indirect effect on the prices that REA achieves on sales of its CPO Export tariffs comprise export duty and export levy. Both are calculated on a sliding scale by reference to a CPO reference price that is set periodically by the Indonesian government on the basis of CIF Rotterdam and other recognised benchmark CPO prices. The export tariffs applicable from 10 June 2022 are set out below. The incremental export duty for CPO and CPKO have not changed up to a reference price of less than $1,000 per tonne but have increased from a reference price of more than $1,000 per tonne from the previous rules. The CPO reference price is $1,700 per tonne for June and is expected to be $1,646 per tonne from July 2022 which, being above $1,500 per tonne, will result in total export tariffs of $663 per tonne. This represents an increase of $88 per tonne from the total export tariffs that were payable under the previous rules. The domestic market obligation (“DMO”) was re-introduced in June at a factor of 1:5 local to export. In order to obtain an export permit exporters are required to prove, through online government systems, that their DMO has been complied with. These processes have been slower than anticipated which has led to high domestic stocks of palm oil and its derivatives. The government has subsequently introduced an export mechanism for the acceleration of distribution to optimise and stabilise the production of palm oil that involves paying an additonal duty of $200 per tonne which waives the DMO rules for exporters. This waiver program is valid until the 31 July 2022. Combined export levy and export duty (before DMO waiver duty) applicable from 10 June 2022 CPO reference price From To Levy Duty Total Net price* $ $ $ $ $ $ - 750 55 - 55 695 751 800 75 3 78 722 801 850 95 18 113 737 851 900 115 33 148 752 901 950 135 52 187 763 951 1,000 155 74 229 771 1,001 1,050 175 124 299 751 1,051 1,100 195 148 343 757 1,101 1,150 215 178 393 757 1,151 1,200 235 201 436 764 1,201 1,250 255 220 475 775 1,251 1,300 275 240 515 785 1,301 1,350 295 250 545 805 1,351 1,400 315 260 575 825 1,401 1,450 335 270 605 845 1,451 1,500 355 280 635 865 1,501 1,550 375 288 663 887 *At top of band

ISIN:	GB0002349065
Category Code:	MSCM
TIDM:	RE.
LEI Code:	213800YXL94R94RYG150
Sequence No.:	169467
EQS News ID:	1379401

End of Announcement	EQS News Service