Briscoe Group Limited — Share Issue/Capital Change 2020

Jul 29, 2020

Template

Capital Change Notice

==> picture [95 x 39] intentionally omitted <==

Updated as at 8 May 2019

==> picture [481 x 504] intentionally omitted <==

----- Start of picture text ----- Section 1: Issuer informationName of issuer Briscoe Group LimitedNZX ticker code BGPClass of financial product Ordinary SharesISIN (If unknown, check on NZX website) NZBGRE0001S4Currency New Zealand DollarsSection 2: Capital change detailsNumber issued 25,000Nominal value (if any) Not applicableIssue/acquisition/redemption price per security $3.31Nature of the payment (for example, cash or other Cashconsideration)Amount paid up (if not in full) Fully paid upPercentage of total class of Financial Products issued 0.0113%(calculated on the number of Financial Products of theClass, excluding any Treasury Stock, in existence) [1]For an issue of Convertible Financial Products or Options, Not applicablethe 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)Reason for issue and specific authority for issue (the The shares were issued pursuant to thereason for change must be identified here) Executive Share Option Scheme 2016Total number of Financial Products of the Class after the 222,243,500issue (excluding Treasury Stock) and the total number ofFinancial Products of the Class held as Treasury Stockafter the issue/acquisition/redemption.In the case of an acquisition of shares, whether those Not applicableshares are to be held as treasury stockSpecific authority for the issue including a reference to the Board resolution 20 July 2016rule pursuant to which the issue is made Issue pursuant to previous listing rule7.3.6 (equivalent to listing rule 4.6)----- End of picture text -----

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

==> picture [481 x 244] intentionally omitted <==

----- Start of picture text ----- Terms or details of the issue Issue of Ordinary Shares under theBriscoe Group Executive Share OptionScheme. New Ordinary Shares rank paripassu with the existing fully paidOrdinary Shares on issue. Employeesholding the shares may only trade inaccordance with the Briscoe GroupShare Trading Policy.Date of issue/acquisition/redemption [2] 29/07/2020Section 3: Authority for this announcement and contact personName of person authorised to make this announcement Geoff ScowcroftContact person for this announcement Geoff ScowcroftContact phone number +64 9 8155678Contact email address geoff@briscoes.co.nzDate of release through MAP 29/07/2020----- End of picture text -----

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).