The Warehouse Group Limited — Board/Management Information 2017

Jan 19, 2017

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The Warehouse Group Limited 26 The Warehouse Way Northcote, Auckland PO Box 33470 Takapuna Auckland, New Zealand

phone +64 9 489 7000 fax +64 9 489 7444 web www.twg.co.nz

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Market Information Services Section New Zealand Exchange Limited

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Auckland, 19 January 2017

THE WAREHOUSE GROUP FINANCIAL SERVICES LIMITED

Appointment of Chief Executive Officer, Warehouse Financial Services

The Warehouse Group Financial Services Limited is pleased to announce the appointment of Donna Cooper as Chief Executive Officer of The Warehouse Group Financial Services Limited with effect from 13 March 2017.

Donna is an experienced financial services leader, and joins the business from her role as General Manager of Baycorp in New Zealand. Prior to that Donna had an extensive career with American Express across a variety of product and consumer roles in several international markets.

Group Chief Executive Officer Nick Grayston says Ms Cooper has a proven commercial, leadership, and financial services background, and brings to the role a strong customer focus and an entrepreneurial drive.

“The Financial Services Board and I are looking forward to Donna joining the business, leading its future strategy, and realising the potential of financial services to support our retail customers.”

As CEO, Ms Cooper will report to The Warehouse Financial Services Board, with the Financial Services Business continuing to report through the Group Chief Financial Officer, Mark Yeoman.

Last year Hadyn Halls, the Chief Operating Officer of the Financial Services Business, announced his intention to leave the company, giving the business time to recruit and induct a new leader. Group Chief Executive Officer Nick Grayston said, "on behalf of the company I would like to thank Hadyn for the great job that he has done to establish the business and build a strong team. We wish him all the best for his future.”

ENDS

Contact details regarding this announcement:

Nick Grayston, Group CEO to be contacted via Gayle Theunissen on +64 21 742 784