The New Zealand Refining Company Ltd (“NZR”) – Trading Halt

Memorandum To: Market Participants From: NZX Client and Data Services Date: 17 March 2017 Subject: The New Zealand Refining Company Ltd ("NZR") - Trading Halt of Securities Message: NZX Regulation ("NZXR") advises that, at the request of the company, it has placed a trading halt on The New Zealand Refining Company Ltd ("NZR") ordinary shares. The trading halt has been put in place pending the release of an announcement. Please contact Client and Data Services on +64 4 496 2853 or cds@nzx.com with any queries. ENDS End CA:00298364 For:NZR Type:HALT Time:2017-03-17 08:30:16