BENJAMIN HORNIGOLD LIMITED — M&A Activity 2019

Feb 7, 2019

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Announcement

John Bridgeman Limited

ACN 603 477 185

8 February 2019

JOHN BRIDGEMAN LIMITED (NSX:JBL) EXTENSION TO JBL OFFER CLOSING DATE

John Bridgeman Limited (NSX: JBL) refers to previous announcements regarding its takeover offer (JBL Offer ) for all of the shares and options in Benjamin Hornigold Limited (ASX: BHD).

JBL has today served the attached notice issued under section 650D Corporations Act on Benjamin Hornigold Limited, varying the JBL Offer by further extending the closing date.

In light of the orders made by the Takeovers Panel today, JBL considered it appropriate to extend the closing date for the JBL Offer until 7.00pm (Sydney time) on Monday, 1 April 2019 .

If you have any questions about the JBL Offer please call the shareholder information line on:

• 1300 405 577; or

• +61 1300 405 577 for overseas domiciled holders,

between 9.00am and 5.00pm (Sydney time) Monday to Friday.

ENDS

Kevin Mischewski

Company Secretary

John Bridgeman Limited

cosec@johnbridgeman.com.au

Notice of variation of offer

Section 650D(1) of the Corporations Act 2001 (Cth)

TO : The Directors Benjamin Hornigold Limited ACN 614 854 045 Level 9, 123 Eagle Street BRISBANE QLD 4000

AND TO : Australian Securities and Investments Commission ( ASIC )

AND TO : Australian Securities Exchange ( ASX ) AND TO : Each person to whom offers were made under the takeover bid

John Bridgeman Limited ( Bidder ) gives notice under section 650D of the Corporations Act 2001 (Cth) ( Corporations Act ), of variation of the offers dated 6 November 2018 ( Offers ) made in the bidder’s statement dated 31 October 2018, as supplemented by the supplementary bidder’s statement dated 22 November 2018 ( Bidder’s Statement ).

Capitalised terms used in this notice, unless otherwise defined, have the meanings given to those terms in the Bidder’s Statement.

The Bidder hereby varies the Offers and the accompanying documents by extending the Offer Period from 7.00pm (Sydney time) on 11 February 2019 to 7.00pm (Sydney time) on 1 April 2019.

As at the date of this notice, the conditions in Schedule 2 and clause 6.1 of Schedule 3 of the Bidder’s Statement have either been satisfied or waived and the Offers are unconditional.

A copy of this notice was lodged with ASIC on 8 February 2019. ASIC takes no responsibility for the contents of the notice.

Dated : 8 February 2019

Executed by

John Bridgeman Limited ACN 603 477 185

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• Director

 Director/Secretary______

Stuart McAuliffe

Kevin Mischewski

 Full name of Director  Full name of Director/Secretary______

52057748v1  Notice of variation of offer