Chatham Rock Phosphate Limited — M&A Activity 2017

Feb 23, 2017

Takeover Offer – Market Announcement

CRP · 2017-02-24T10:36:00+13:00 · Announcement #297386 · View on NZX

Takeover Offer – Market Announcement

24 February 2017

To ensure CRP shareholders are kept informed, please see attached an
announcement released this morning by Antipodes Gold Limited (AXG) relating
to its takeover offer for CRP. The covering letter to this announcement by
AXG is also set out in full below.

For and on behalf of the Board,

Chris Castle
Managing Director
___________________________________

24 February 2017

NZX Market Announcement

Following the close of market trading today, Antipodes Gold Limited (AXG)
will be changing its legal name in Canada to Chatham Rock Phosphate Limited.

The above name change was contemplated in the successful takeover offer for
the New Zealand company (and also NZX Alternative Market listed) Chatham Rock
Phosphate Limited (Old CRP).

Old CRP has changed its name to Chatham Rock Phosphate (NZ) Limited to
provide some distinction between the two companies as the closing mechanics
of the takeover are worked through.

De-Listing and Trading Suspension for Old CRP

Old CRP remains listed on the NZX Alternative Market and is scheduled to be
de-listed following the close of market trading on 15 March 2017.

Trading in Old CRP's shares will be suspended following the close of market
trading on 28 February 2017 in order to allow compulsory acquisition
procedures under the New Zealand Takeovers Code to be completed in an orderly
manner.

AXG Trading Halt

AXG will be undertaking a share consolidation and issuing shares to acceptors
of the takeover following the close of market trading in New Zealand today.
Trading is halted in AXG's shares in Canada until these corporate actions are
completed. Consequently trading is also currently halted in AXG's shares on
the NZX Alternative Market.

This trading halt in Canada will be lifted at market open in Canada tonight
(i.e. after market close in New Zealand today).

At the request of AXG, trading in AXG's shares on the NZX Alternative Market
will remain halted until the opening of market trading on 1 March 2017.
Trading will recommence at that time under AXG's new name, Chatham Rock
Phosphate Limited.

This extended trading halt in New Zealand was sought to address any potential
market confusion that might otherwise arise with AXG and CRP trading on the
NZX Alternative Market with virtually identical names.

Ticker Code

AXG's ticker code on NZX will remain unchanged until the de-listing of Old
CRP has occurred.

Canada Announcement

The following announcement has been released in Canada and details the above
matters further. The New Zealand market should note that references to times
and dates in that announcement are references to Canadian times and dates.

Peter Liddle
Chief Financial Officer
Antipodes Gold Limited
peter.liddle@antipodesgold.co.nz

__________________________________
End CA:00297386 For:CRP Type:TAKEOVER Time:2017-02-24 10:36:49