PGG Wrightson Limited — Major Shareholding Notification 2020

Apr 17, 2020

Disclosure of ceasing to have substantial holding

Section 279, Financial Markets Conduct Act 2013

To: NZX Limited. And: PGG Wrightson Limited. Date this disclosure made: 17 April 2020. Date last disclosure made: 20 August 2019 Date on which substantial holding ceased: 17 April 2020.

Substantial product holder(s) giving disclosure

Full name: H&G Limited. Summary of previous substantial holding Class of quoted voting products: Ordinary shares ( PGW ). Summary for H&G Limited

For last disclosure -

(a) total number held in class: 4,849,468 (b) total in class: 75,484,083 (c) total percentage held in class: 6.424% For current holding after ceasing to have substantial holding - (a) total number held in class: 2,006,732 (b) total in class: 75,484,083 (c) total percentage held in class: 2.658%

Details of transactions and events giving rise to ceasing of substantial holding

Details of the transactions or other events requiring disclosure:

Rural Equities Limited ( REL ) sold 3,158,313 ordinary shares in PGW on the NZX on 17 April 2020 for $2.75 per share – total proceeds $8,685,361. H&G Limited is deemed to have had a relevant interest in REL’s share as it is the legal and beneficial owner of more than 20% of the shares in REL

Additional information

Address(es) of substantial product holder(s): C/- Rural Equities Limited, First Floor, 120 Karamu Road North (PO Box 783), Hastings.

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Contact details: James Wright, Rural Equities Limited, First Floor, 120 Karamu Road North (P O Box 783), Hastings. Email – enquiries@ruralequities.co.nz. Phone - + 64 6 870 4672.

Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: Nil.

Disclosure has effect for purposes of directors’ and senior managers’ disclosure

David Cushing, a director and shareholder of H&G Limited, is also a director of PGW. This disclosure also constitutes disclosure for the purposes of the directors’ and senior managers’ disclosure obligations.

Declaration

I, James Richard Wright, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made.

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