For personal use only

Land & Homes Group

Limited

ABN 33 090 865 357

Level 3A, 148 Elizabeth Street

Sydney NSW 2000

T +61 2 8281 3033

F +61 2 8281 3030

E info@landnhomesgroup.com

ASX Release (ASX Code: LHM)

28 January 2022

QUARTERLY ACTIVITIES AND CASHFLOW REPORTS

Land & Home Group Limited (ASX Code: LHM) provides its Quarterly Activities Report and Appendix 4C Quarterly Cashflow Report for the December 2021 Quarter.

Authorised by the Executive Committee of the Board and the Audit Committee respectively.

For further information please contact:

Andrew J. Cooke,

Company Secretary andrewcooke@landnhomesgroup.com

About Land & Homes Group Limited

Land & Homes Group Limited (LHM) is a property development company focused on the acquisition of prime sites for project development into quality residential, commercial and mixed-use apartments. The Company is listed on the Australian Securities Exchange. Its strategy is to hold a diverse portfolio of high-yield properties and projects at various stages of development and construction.

The Company's operations have been established in Brisbane to develop quality, medium to high-density residential apartments for an expanding market in the strong sustainable growth region of South East Queensland. Initially concentrating the business activity on Brisbane city, the residential products are to be developed in attractive convenient locations of inner Brisbane area suitable for a balance of both investors and owner occupiers.

The Company is well placed to leverage the credentials and track record of its major shareholder, the Lian Huat Group, in property development in Australia with strong networks and insight into the needs of investors from Asia. With this experience, LHM will realise its Asia Vision through the establishment of an experienced management team that has expertise in Australia's property market, urban planning, project management and finance, along with an intimate knowledge of the appetite and demands of the significant Asian market.

Please visit the Company web site for additional details: www.landnhomesgroup.com

For personal use only

Land & Homes Group Limited

ABN 33 090 865 357

100 Boundary Street Brisbane city QLD 4000

PO Box 720 Spring Hill QLD 4000

T +61 7 3905 5658

F +61 7 3229 4740

E info@landnhomesgroup.com

ASX Release (ASX Code: LHM)

28 January 2022

QUARTERLY ACTIVITIES REPORT - 31 DECEMBER 2021 QUARTER

BARRY PARADE PROJECT

The Company has further advanced its plans for redevelopment of the site in accordance with the terms of its Development Approval. The Company has further advanced design elements of the proposed redevelopment and prepared a marketing strategy to attract international and domestic pre-sales.

However, in light of the COVID-19 pandemic and the associated restrictions on both domestic and international travel, the Company has resolved to defer the launch of its marketing strategy until such time as more favourable market conditions prevail. Subject to acceptable market and economic conditions, it is anticipated that marketing will commence in the latter part of 2022.

The Development Approval for this site has previously been extended to 1 June 2025 for Stage 1 and 1 June 2027 for Sage 2. The Company has submitted additional materials to Brisbane City Council to support its application to amend the Development Approval to achieve an improved design which will better suit the current environment and demand.

PROJECT EXPENDITURE

Project expenditure incurred during the quarter ended 31 December 2021 on the groups' project is set out below:

Project

Amount Incurred

Barry Parade

99,089

PAYMENTS TO RELATED PARTIES AND THEIR ASSOCIATES

Directors Fees in the amount of $ 43,766were paid during the quarter ended 31 December 2021.

Interest in the amount of $15,000 was paid to a related party during the quarter.

Approved and Authorised for release by the Executive Committee.

For further details contact: info@landnhomesgroup.com

For personal use only

Rule 4.7B

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

Name of entity

Land & Homes Group Limited

ABN

Quarter ended ("current quarter")

33 090 865 357

31 December 2021

Consolidated statement of cash flows

Current

Year to date

quarter

(6 months)

$A'000

$A'000

1.

Cash flows from operating activities

1.1

Receipts from customers

18

42

1.2

Payments for

(a)

research and development

-

-

(b)

product manufacturing and operating costs

-

-

(c)

advertising and marketing

-

-

(d)

leased assets

-

-

(e)

staff costs

(52)

(98)

(f)

administration and corporate costs

(104)

(155)

1.3

Dividends received (see note 3)

-

-

1.4

Interest received

-

-

1.5

Interest and other costs of finance paid

(52)

(235)

1.6

Income taxes paid

-

-

1.7

Government grants and tax incentives

-

-

1.8

Other - (sale of property held for resale and related

(99)

18,758

expenditure and related capitalisation of development

expenses)

1.9

Net cash from / (used in) operating activities

(289)

18,312

2.

Cash flows from investing activities

2.1

Payments to acquire:

(a)

entities

-

-

(b)

businesses

-

-

(c)

property, plant and equipment

-

-

(d)

investments

-

-

(e)

intellectual property

-

-

(f)

other non-current assets

-

-

ASX Listing Rules Appendix 4C (01/12/19)

Page 1

+ See chapter 19 of the ASX Listing Rules for defined terms.

For personal use only

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

Consolidated statement of cash flows

Current

Year to date

quarter

(6 months)

$A'000

$A'000

2.2

Proceeds from disposal of:

(a)

entities

-

-

(b)

businesses

-

-

(c) property, plant and equipment

-

-

(d)

investments

-

-

(e)

intellectual property

-

-

(f)

other non-current assets

-

-

2.3

Cash flows from loans to other entities

-

-

2.4

Dividends received (see note 3)

-

-

2.5

Other (provide details if material)

-

-

2.6

Net cash from / (used in) investing activities

-

-

3.

Cash flows from financing activities

3.1

Proceeds from issues of equity securities (excluding

-

-

convertible debt securities)

3.2

Proceeds from issue of convertible debt securities

-

-

3.3

Proceeds from exercise of options

-

-

3.4

Transaction costs related to issues of equity securities

-

-

or convertible debt securities

3.5

Proceeds from borrowings

-

-

3.6

Repayment of borrowings

-

(18,960)

3.7

Transaction costs related to loans and borrowings

-

-

3.8

Dividends paid

-

-

3.9

Other (provide details if material)

-

-

3.10

Net cash from / (used in) financing activities

(18,960)

(18,960)

4. Net increase / (decrease) in cash and cash equivalents for the period

4.1

Cash and cash equivalents at beginning of period

872

1,231

4.2

Net cash from / (used in) operating activities (item 1.9

(289)

18,312

above)

4.3

Net cash from / (used in) investing activities (item 2.6

-

-

above)

4.4

Net cash from / (used in) financing activities (item 3.10

-

(18,960)

above)

4.5

Effect of movement in exchange rates on cash held

-

-

4.6

Cash and cash equivalents at end of period

583

583

ASX Listing Rules Appendix 4C (17/07/20)

Page 2

+ See chapter 19 of the ASX Listing Rules for defined terms.

For personal use only

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

5.

Reconciliation of cash and cash

Current quarter

Previous quarter

equivalents

$A'000

$A'000

at the end of the quarter (as shown in the

consolidated statement of cash flows) to the

related items in the accounts

5.1

Bank balances

583

872

5.2

Call deposits

-

-

5.3

Bank overdrafts

-

-

5.4

Other (provide details)

-

-

5.5

Cash and cash equivalents at end of

583

872

quarter (should equal item 4.6 above)

6.

Payments to related parties of the entity and their

Current quarter

associates

$A'000

6.1

Aggregate amount of payments to related parties and their

59

associates included in item 1

6.2

Aggregate amount of payments to related parties and their

-

associates included in item 2

Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments

ASX Listing Rules Appendix 4C (17/07/20)

Page 3

+ See chapter 19 of the ASX Listing Rules for defined terms.

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Land & Homes Group Ltd. published this content on 28 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2022 03:25:08 UTC.