Resignation of Director

RESIGNATION OF DIRECTOR Further to the announcement made on 13 January 2017, the Directors of The New Zealand Refining Company Limited advise that they have received the resignation Mr Andrew Warrell as a Director of the Company. Pursuant to clause 8.15.4 of the Company's constitution, Mr John Crawford, an Alternate Director to Mr Andrew Warrell also ceases to be a Director. D.M. Jensen Chief Financial Officer / Company Secretary Marsden Point 13 March 2017 End CA:00298193 For:NZR Type:DIRECTOR Time:2017-03-13 16:53:18