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Paul and Fi Riordan moving to USA, Harvest update and recent awards

Paul and Fi Riordan moving to USA, Harvest update and recent awards

Dear Shareholders and Staff,

It is with great appreciation that we announce Paul and Fiona Riordan and their two boys, Will and Angus, are moving to live in Woodland, California, to assist in executing our exciting USA based business. For those who are more recent shareholders, Paul and I are the founders of Boundary Bend and Paul is still the 2nd largest shareholder.  With the USA business growing so quickly and the ever-increasing importance of grove development and management, grower relations and processing logistics, combined with the enormous potential opportunity in this market, this is a timely and positive move for Boundary Bend.

Sincere thanks to Paul and Fi and their boys for accepting this challenge.

Harvest update

On Sunday 22 April we hosted about 90 shareholders at Boundary Bend to see harvest and processing in full swing.  It was a great day and thanks to all those who made the effort to attend.  It is very early days but after the first 2 weeks of harvest, oil production is approximately in line with crop projections made at the end of the flowering period last November. As previously advised, the spring frost had a major impact on our already reduced ‘off year’ crop. Oil quality to date is very good following a benign and dry autumn.

Recent awards

We are very excited and proud to announce that Cobram Estate has won a total of 1 Best in Class, 7 gold and 3 silver medals across both the 2018 New York International Olive Oil Competition (NYIOOC) and Olive Japan International Extra Virgin Olive Oil Competition.

These awards further complement leading Australian consumer group CHOICE awarding us most recommended Extra Virgin Olive Oil for taste and quality. Our Australian Extra Virgin Olive Oil is a world class award winner.

NYIOOC is the world’s largest and most prestigious olive oil quality contest, and the most trusted guide to the year’s best extra virgin olive oils in the world. We are delighted to announce that the NYIOOC awarded Cobram Estate:

BEST IN CLASS

  • Cobram Estate Australia Select (sold only in the US market)

GOLD

  • Cobram Estate Reserve Hojiblanca
  • Cobram Estate Premiere
  • Cobram Estate Robust Flavour Intensity
  • Cobram Estate Light Flavour Intensity

SILVER

  • Cobram Estate Classic Flavour Intensity
  • Cobram Estate Reserve Picual

OLIVE JAPAN is one of the most premiere extra virgin olive oil awards in the world, bringing together the highest standards of integrity and professionalism in awarding medals to the best oils from around the globe. Olive Japan presented the following awards to Cobram Estate:

GOLD

  • Cobram Estate Classic Flavour Intensity
  • Cobram Estate Superior Premiere
  • Cobram Estate Reserve Picual

SILVER

  • Cobram Estate Reserve Hojiblanca

A very big thank you for your continued support.

Kindest regards

Rob McGavin

Executive Chairman