PGG Wrightson Limited — Share Issue/Capital Change 2019

Aug 8, 2019

Template Capital Change Notice

Updated as at 8 May 2019

Section 1: Issuer information
Name of issuer	PGG Wrightson Limited
NZX ticker code	PGW
Class of financial product	Ordinary Shares
ISIN (If unknown, check on NZX website)	NZREIE0001S4
Currency	NZD
Section 2: Capital change details
Number issued/acquired/redeemed	754,839,050 sharesissued/cancelled
Nominal value (if any)	N/A
Issue/acquisition/redemption price per security	$0.31 per share cancelled
Nature of the payment (for example, cash or otherconsideration)	Pursuant to a court approvedscheme of arrangement, PGWundertook a 2:1 share splitimmediately followed by a 1:2cancellation in considerationfor payment of NZ 31 cents perordinary share cancelled.
Amount paid up (if not in full)	N/A
Percentage of total class of Financial Productsissued/acquired/redeemed/ (calculated on the number ofFinancial Products of the Class, excluding any Treasury Stock,in existence)	100%
For an issue of Convertible Financial Products or Options, theprincipal terms of Conversion (for example the Conversionprice and Conversion date and the ranking of the FinancialProduct in relation to other Classes of Financial Product) or theOption (for example, the exercise price and exercise date)	N/A
Reason for issue/acquisition/redemption and specific authorityfor issue/acquisition/redemption/ (the reason for change mustbe identified here)	Pursuant to a court approvedscheme of arrangement
Total number of Financial Products of the Class after theissue/acquisition/redemption/Conversion (excluding TreasuryStock) and the total number of Financial Products of the Classheld as Treasury Stock after the issue/acquisition/redemption.	754,839,050
In the case of an acquisition of shares, whether those sharesare to be held as treasury stock	N/A
Specific authority for the issue, acquisition, or redemption,including a reference to the rule pursuant to which the issue,acquisition, or redemption is made	NZX Listing Rule 4.9.1(d)
Terms or details of the issue, acquisition, or redemption (forexample: restrictions, escrow arrangements)	N/A

Date of issue/acquisition/redemption	7 August 2019
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement	Julian Daly
Contact person for this announcement	Julian Daly
Contact phone number	027 5533373
Contact email address	jdaly@pggwrightson.co.nz
Date of release through MAP	8 August 2019