Briscoe Group Limited — Share Issue/Capital Change 2022

Mar 17, 2022

Capital Change Notice

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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	89,286 Ordinary Shares
Nominal value (if any)	Not applicable
Issue/acquisition/redemption price per security	Nil
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	0.0401%
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 89,286 shares were issued pursuantto the Briscoe Group Senior ExecutiveIncentive Plan, following the vesting ofthe Performance Rights issued on 26June 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.	222,645,586 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 20 June 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	Terms or details of the issue	Issue of Ordinary Shares under theBriscoe Group Senior ExecutiveIncentive Plan from the PerformanceRights issued on 26 June 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.	Issue of Ordinary Shares under theBriscoe Group Senior ExecutiveIncentive Plan from the PerformanceRights issued on 26 June 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		18/03/2022
Se	ction 3: Authority for this announcement and contact person
Na	me of person authorised to make this announcement	Geoff Scowcroft
Contact person for this announcement	ntact person for this announcement	Geoff Scowcroft
Contact phone number		+64 9 8155678
Contact email address		geoff@briscoes.co.nz
Date of release through MAP		18/03/2022

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:

  • 89,286 Performance Rights converted into 89,286 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:

• 136,218 Performance Rights issued on 30 July 2020

• 83,334 Performance Rights issued on 15 June 2021

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).