Sale of Investment Property

Joyce Corporation Ltd (Joyce or the Company) (ASX:JYC) is pleased to announce that KWB, a 51% subsidiary of Joyce, has agreed to the sale and leaseback of its corporate office and warehouse and factory facility in Lytton, Queensland (Property). The sale of the Property will realise approximately $16 million in cash (before costs) for KWB. The Property was valued at $9.6 million in Joyce’s consolid