PGG Wrightson Limited — Major Shareholding Notification 2020

Apr 20, 2020

Disclosure of beginning to have substantial holding

Section 276, Financial Markets Conduct Act 2013

To NZX Limited

and

To PGG Wrightson Limited (NZX:PGW) (“ PGW ”)

Date this disclosure made: 20 April 2020

Date on which substantial holding began: 17 April 2020

Substantial product holder(s) giving disclosure

Full name(s): Beijing Holdings BAIC Ltd. (“ BHBL ”)

Summary of substantial holding

Class of quoted voting products: Ordinary shares in PGW (ISIN: NZREIE0001S4)

Summary for BHBL

For this disclosure,—

• (a) total number held in class: 6,807,684

• (b) total in class: 75,484,083

• (c) total percentage held in class: 9.019 %

Details of relevant interests

Details for BHBL

Nature of relevant interest(s): Beneficial owner of ordinary shares in PGW.

For that relevant interest,—

• (a) number held in class: 6,807,684

• (b) percentage held in class: 9.019%

• (c) current registered holder(s): Not applicable

• (d) registered holder(s) once transfers are registered: Custodial Services Limited

• For a derivative relevant interest, also—

• (a) type of derivative: Not applicable

• (b) details of derivative: Not applicable

• (c) parties to the derivative: Not applicable

• (d) if the substantial product holder is not a party to the derivative, the nature of the relevant interest in the derivative: Not applicable

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Details of transactions and events giving rise to substantial holding

Details of the transactions or other events requiring disclosure: On 17 April 2020, BHBL acquired an interest in 6,807,684 fully paid ordinary shares in PGW for aggregate consideration of $18,642,263.23 by way of a number of on-market transactions.

Additional information

Address(es) of substantial product holder(s): Rm2912 Shun Tak Centre, West Tower, 200 Connaught Road C., Hong Kong

Contact details: Tammy Mok, tammy@bidco.com.hk, +852 31018512

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: H&G Limited

Certification

I, Tammy Mok, 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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