Change in officer’s on-going interest

Ongoing Disclosure Notice Disclosure of Directors and Senior Managers Relevant Interests Sections 297(2) and 298(2), Financial Markets Conduct Act 2013 To NZX Limited; and Name of listed issuer: The Colonial Motor Company Limited Date this disclosure made: 17 March 2017 Date of last disclosure: None Director or senior manager giving disclosure Full name(s): Maarten Cornelis Duurentijdt Name of listed issuer: The Colonial Motor Company Limited Name of related body corporate (if applicable): Position held in listed issuer: CEO of subsidiary Summary of acquisition or disposal of relevant interest (excluding specified derivatives) Class of affected quoted financial products: Ordinary shares Nature of the affected relevant interest(s): Beneficial For that relevant interest- Number held in class before acquisition or disposal: - Number held in class after acquisition or disposal: 140,000 Current registered holder(s): CMC Workplace Savings Scheme Trustee Limited Registered holder(s) once transfers are registered: Maarten Cornelis Duurentijdt, Julia Teresia van Gaal, K.D. Trustees Limited Summary of acquisition or disposal of specified derivatives relevant interest (if applicable) - Not applicable Details of transactions giving rise to acquisition or disposal Total number of transactions to which notice relates: One Details of transactions requiring disclosure- Date of transaction: 16 March 2017 Nature of transaction: Off-market purchase Name of any other party or parties to the transaction (if known): CMC Workplace Savings Scheme Trustee Limited The consideration, expressed in New Zealand dollars, paid or received for the acquisition or disposal. If the consideration was not in cash and cannot readily be converted into a cash value, describe the consideration: $7.33 per share Number of financial products to which the transaction related: 140,000 If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) include the following details-- n/a Summary of other relevant interests after acquisition or disposal: None End CA:00298427 For:CMO Type:RELINT Time:2017-03-17 11:50:35