*** SPI Bio News ***

29th, April 2020

Price Increase Notification effective 20th April 2020

Dear Valued Customer

We thank you for your valued business and ongoing support, especially during this period of great uncertainty.

its procurement and Foreign Exchange position carefully to ensure we can provide you with the most competitive and stable pricing platform. Unfortunately, the Australian Dollar has rapidly declined and has now fallen more than 17% since our previous price increase in January 2020. Financial Analysts are also advising of further erosion of the AUD.

In addition to the sharp decline of the AUD, there has also been a huge increase in demand for many paper products and disposable gloves. This has put significant pressures on raw material supplies and pricing for these items.

SPI are unable to sustain this position and we are currently reviewing each product category in detail. We will issue a formal price increase notification on Monday 23rd March 2020 for an effective implementation date of Monday 20th April 2020.

The current conditions are unprecedented, and we will continue to leverage on the support of our long-standing Global manufacturing supply partners.

We remain committed to providing you with consistent quality products at competitive pricing supported by the highest level of account management and customer service within the industry.

Your Account Manager will be in contact with you and we again thank you for your understanding and continued support during this difficult period.
Yours Sincerely,

Danny Xie
SPI BIO Packaging Pty Ltd