Antipodes Gold Limited (“AXG”) – Share Consolidation

Memorandum To: Market Participants From: NZX Client and Data Services Date: 23 February 2017 Subject: Antipodes Gold Limited ("AXG") - Share Consolidation Message: Further to the announcement 'Chatham Rock Phosphate Limited, Target Company Statement', made by Antipodes Gold Limited ("AXG") on Friday 23 December 2016. NZX Operations ("NZXO") advises that AXG is undertaking a consolidation of the existing ordinary shares ("AXG") on issue, as a result of the Offer being declared unconditional. Under the consolidation every 10 shares held on the Record Date will be consolidated into 1 share. A timetable of events is detailed in the attached: Please contact Client and Data Services on +64 4 496 2853 or cds@nzx.com with any queries. ENDS End CA:00297306 For:AXG Type:MEMO Time:2017-02-23 13:57:39