BENJAMIN HORNIGOLD LIMITED — M&A Activity 2019

Mar 6, 2019

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Announcement

John Bridgeman Limited ACN 603 477 185

7 March 2019

JOHN BRIDGEMAN LIMITED (NSX:JBL) Update on Orders

John Bridgeman Limited (NSX: JBL) refers to previous announcements regarding its offer (which will now lapse in accordance with the orders of the Takeovers Panel on 8 February 2019) for all of the shares and options in Benjamin Hornigold Ltd (ASX: BHD) that it does not currently own.[1]

John Bridgeman advises that, in accordance with the orders of the Takeovers Panel (particulars of which were set out in the second supplementary bidder’s statement released on 18 February 2019), John Bridgeman has now paid $4.5 million to BHD in repayment of the JBL Loan (as defined in the orders of the Takeovers Panel).

ENDS

Stuart McAuliffe

Managing Director John Bridgeman Limited

1 Refer announcements dated 10 September 2018, 11 October 2018, 23 October 2018, 1 November 2018, 9 November 2018, 23 November 2018, 27 November 2018, 24 December 2018, 7 January 2019, 22 January 2019, 24 January 2019, 8 February 2019, 18 February 2019 and 20 February 2019 and 5 March 2019.