PGG Wrightson Limited — Major Shareholding Notification 2022

Dec 16, 2022

Disclosure of ceasing to have substantial holding

Section 279, Financial Markets Conduct Act 2013

To NZX Limited

and

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

Date this disclosure made: 16 December 2022

Date last disclosure made: 25 July 2022

Date on which substantial holding ceased: 16 December 2022

Substantial product holder(s) giving disclosure

Full name(s): BCA New Continent Agri Hldg. Limited (“ BCA ”)

Summary of previous substantial holding

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

Summary for BCA

For last disclosure,—

• (a) total number held in class: 9,000,915

• (b) total in class: 75,484,083

• (c) total percentage held in class: 11.924%

For current holding after ceasing to have substantial holding,—

• (a) total number held in class: Nil

• (b) total in class: 75,484,083

• (c) total percentage held in class: 0.000%

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

Details of the transactions or other events requiring disclosure: On 14 December 2022, Elders Limited agreed to acquire 8,526,245 ordinary shares in PGW from BCA by way of an off market trade for consideration of NZ$4.35 per share (being aggregate consideration of NZ$37,089,165.75). Settlement has now occurred.

Additionally, between 25 July 2022 and 24 August 2022, BCA disposed of a relevant interest in 474,670 ordinary shares in PGW for aggregate consideration of NZ$2,090,424.15 by way of a number of on-market transactions.

Additional information

Address(es) of substantial product holder(s): Rm 1903, 19/F, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong

Contact details: Shunyu Yao, yaoshunyu@bjsngf.com.cn, +86 13601228904

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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: Elders Limited

Certification

I, Liu Jiantong, 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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