Other Investor Information

Share Price Information

5-YEAR VALUATION INDICATORS
YEAR	FY2018	FY2017 (restated)	FY2016	FY2015	FY2014
SHARE PRICE¹ ($)
- Highest	$2.66	$2.57	$2.31	$3.17	$6.38
- Lowest	$1.84	$2.04	$1.92	$1.94	$2.96
- Last Done	$1.92	$2.53	$2.14	$2.18	$3.10
PER ORDINARY SHARE
- Basic Earnings² (Cents)	8.4	6.7	7.5	8.0	18.2
- Basic Earnings After Fair Value Adjustment and Exceptional Items³(Cents)	8.4	88.4	7.5	43.7	10.2
- Net Asset Value⁴ ($)	$1.95	$1.95	$1.97	$1.57	$1.11
DIVIDEND
- Interim and Final (Cents)	4.5	4.5	4.5	5.0	5.0⁹
- Dividend Cover⁵ (x)	1.9x	1.5x	1.7x	1.6x	3.6x
- Payout Ratio(%)	54%	67%	60%	63%	50.0%⁹
RATIO⁶
- Return on Average Shareholders' Equity⁷(%)	7.0%	5.8%	7.4%	13.2%	8.9%
- Gearing⁸(%)	10.8%	5.3%	(28.8%)	(33.8%)	(10.9%)

Notes:

FY2014 - FY2016: As previously reported; FY2017 figures were restated upon the finalisation of the purchase price allocation in relation to our investment in Vietnam Dairy Products Joint Stock Company.

1 52-week highest and lowest prices for financial year ended 30 September; Last Done as at or last trading day before 30 September.

2 Attributable earnings (before fair value adjustment and exceptional items) divided by the weighted average number of ordinary shares in issue during the year.

3 Attributable earnings (after fair value adjustment and exceptional items) divided by the weighted average number of ordinary shares in issue during the year.

4 Net asset value: Share capital, treasury shares and reserves.

5 Dividend cover: Attributable profit before fair value adjustment and exceptional items per share, divided by net dividend per share.

6 In January 2014, the Group completed the relisting of its property arm, FCL by undertaking an in-specie distribution of FCL shares to F&N shareholders. F&N shareholders received, without cash outlay, two FCL shares for each F&N share owned. Shares of FCL were listed by way of introduction on the Mainboard of the SGX on 9 January 2014.

7 Profit before fair value adjustment, taxation and exceptional items.

8 Gearing ratio: Sum of bank borrowings and term loans, less fixed deposits and cash and bank balances, expressed as a percentage of total equity.

9 Excludes capital distribution of $0.42 per share in FY2014.

Dividend History

Over the years, the Board has maintained a track record of generous shareholder distributions. The Board remains committed to paying approximately fifty percent (50%) of Group Attributable Profit Before Fair Value Adjustment and Exceptional Items.

Dividend and Financial Year	Announcement Date	Payment Date	Amount (Cents per Share)
Interim FY2008	09 May 2008	12 June 2008	5.0
Final FY2008	14 November 2008	12 February 2009	8.5
Interim FY2009	08 May 2009	16 June 2009	3.0
Final FY2009	12 November 2009	12 February 2010	10.5
Interim FY2010	14 May 2010	25 June 2010	5.0
Final FY2010	12 November 2010	22 February 2011	12.0
Interim FY2011	13 May 2011	22 June 2011	6.0
Final FY2011	15 November 2011	17 February 2012	12.0
Interim FY2012	11 May 2012	20 June 2012	6.0
Final FY2012	16 November 2012	21 February 2013	12.0
Interim FY2013	10 May 2013	14 June 2013	3.5
Final FY2013	12 November 2013	18 February 2014	12.0 ¹
Interim FY2014	9 May 2014	12 June 2014	2.0 ²
Final FY2014	13 November 2014	16 February 2015	3.0
Interim FY2015	7 May 2015	11 June 2015	2.0
Final FY2015	6 November 2015	19 February 2016	3.0
Interim FY2016	10 May 2016	9 June 2016	1.5
Final FY2016	7 November 2016	16 February 2017	3.0
Interim FY2017	8 May 2017	9 June 2017	1.5
Final FY2017	8 November 2017	14 February 2018	3.0
Interim FY2018	8 May 2018	12 June 2018	1.5
Final FY2018	9 November 2018	20 February 2019	3.0

Note:
1. In July 2013, F&N completed a capital reduction exercise where it returned $4.7 billion (or $3.28 per share) to shareholders.

2. In April 2014, F&N completed a capital reduction exercise where it returned $607 million (or $0.42 per share) to shareholders.

F&N Stock Symbols
Bloomberg	FNN SP
Reuters	F99-SG
SingID	F99
ISIN	SG1T58930911
SEDOL1	B17NLV6