Briscoe Group Limited — Share Issue/Capital Change 2019

Sep 26, 2019

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Capital Change Notice

Updated as at 8 May 2019

Section 1: Issuer information
Name of issuer	Briscoe Group Limited
NZX ticker code	BGP
Class of financial product	Ordinary Shares
ISIN (If unknown, check on NZX website)	NZBGRE0001S4
Currency	New Zealand Dollars
Section 2: Capital change details
Number issued	29,000
Nominal value (if any)	Not applicable
Issue/acquisition/redemption price per security	$2.75
Nature of the payment (for example, cash or otherconsideration)	Cash
Amount paid up (if not in full)	Fully paid up
Percentage of total class of Financial Products issued(calculated on the number of Financial Products of theClass, excluding any Treasury Stock, in existence)1	0.0131%
For an issue of Convertible Financial Products or Options,the principal terms of Conversion (for example theConversion price and Conversion date and the ranking ofthe Financial Product in relation to other Classes ofFinancial Product) or the Option (for example, the exerciseprice and exercise date)	Not applicable
Reason for issue and specific authority for issue (thereason for change must be identified here)	The shares were issued pursuant to theExecutive Share Option Scheme 2015
Total number of Financial Products of the Class after theissue (excluding Treasury Stock) and the total number ofFinancial Products of the Class held as Treasury Stockafter the issue/acquisition/redemption.	222,124,500
In the case of an acquisition of shares, whether thoseshares are to be held as treasury stock	Not applicable
Specific authority for the issue including a reference to therule pursuant to which the issue is made	Board resolution 27 October 2015Issue pursuant to previous listing rule7.3.6 (equivalent to listing rule 4.6)

1 The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

Terms or details of the issue	Terms or details of the issue	Issue of Ordinary Shares under the
		Briscoe Group Executive Share OptionScheme. New Ordinary Shares rank pari
		passu with the existing fully paid
		Ordinary Shares on issue. Employees
		holding the shares may only trade in
		accordance with the Briscoe Group
		Share Trading Policy.
Date of issue/acquisition/redemption2		26/09/2019
Section 3: Authority for this announcement and contact		person
Name of person authorised to make this announcement		Geoff Scowcroft
Contact person for this announcement		Geoff Scowcroft
Contact phone number		+64 9 8155678
Contact email address		geoff@briscoes.co.nz
Date of release through MAP		20/09/2019

2 Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).