Briscoe Group Limited — Share Issue/Capital Change 2021

Mar 17, 2021

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Capital Change Notice

Updated as at 8 May 2019

	Section 1: Issuer information	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		90,300 Ordinary Shares
	Nominal value (if an)		Not applicable
	y
	Issue/acquisition/redemption price per security		Nil
	Nature of the payment (for example, cash or otconsideration)	her	Cash
			Fully paid up
	Amount paid up (if not in full)
	Percentage of total class of Financial Products issued(calculated on the number of Financial Products of theClass, excluding any Treasury Stock, in existence)1		0.0406%
	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 90,300 shares were issued pursuantto the Briscoe Group Senior ExecutiveIncentive Plan, following the vesting ofthe Performance Rights issued on 15April 2019
	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.		222,556,300 Ordinary Shares
	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 on 26 March 2019.Issued 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	Issue of Ordinary Shares under theBriscoe Group Senior ExecutiveIncentive Plan from the PerformanceRights issued on 15 April 2019. NewOrdinary Shares rank pari passu with theexisting fully paid Ordinary Shares onissue. Employees holding the sharesmay only trade in accordance with theBriscoe Group Share Trading Policy.
Date of issue/acquisition/redemption2	17/03/2021
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	17/03/2021

Listing Rule 3.15.2 – Performance Rights under the Senior Executive Incentive Plan

The following details are provided for the purposes of NZX Listing Rule 3.15.2

• a) Number of Financial Products converted and the number and class of Quoted Financial Products into which they have been converted:

  • 90,300 Performance Rights converted into 90,300 Ordinary Shares

• b) Interest or dividend conditions attaching to the Financial Products into which they have been converted:

  • None

• c) Number of Financial Products of the same class remaining to be converted:

• 89,286 Performance Rights issued on 26 June 2019

136,218 Performance Rights issued on 30 July 2020

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).