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BAPCOR LIMITED Capital/Financing Update 2017

Oct 10, 2017

64494_rns_2017-10-10_bf4c0737-9d59-4d83-92a0-c8511695ad01.pdf

Capital/Financing Update

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Bapcor Limited

(ASX: BAP)

ASX Release

11 October 2017

Sale of Non-Core businesses

Bapcor Limited is pleased to advise that it has signed sale agreements for the following noncore businesses;

  • New Zealand Footwear (Hannahs and Number 1 Shoes)

  • Contract Resources (excluding North America)

  • Contract Resources (North America)

The sales are subject to customary completion conditions. The transactions are expected to be completed during October 2017.

The remaining non-core business, TBS, based in New Zealand, is proceeding through a divestment process.

Expected proceeds from the total sales of non-core assets are consistent with Bapcor achieving the value of “assets held for sale” as disclosed in Bapcor’s June 2017 accounts of NZ$92m.

Further details will be provided following completion of the group of transactions.

-Ends

For further information, please contact:

Gregory Fox

Darryl Abotomey Gregory Fox Managing Director and CEO Chief Financial Officer and Company Secretary +61 419 838 059 +61 417 562 891 +61 3 9914 5555 +61 3 9914 5555

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