SSH Notice – Maruha Nichiro Corporation

Disclosure of beginning to have substantial holding Section 276, Financial Markets Conduct Act 2013 To NZX LTD and To SANFORD LTD Date this disclosure made: 24 March 2017 Date on which substantial holding began: 24 March 2017 Substantial product holder(s) giving disclosure Full Name(s): Maruha Nichiro Corporation Summary of substantial holding Class of quoted voting products: Ordinary shares Summary for: Maruha Nichiro Corporation For this disclosure,-- (a) Total number held in class: 4,885,231 Maruha Nichiro Corporation 4534231 Maruha (NZ) Corporation Ltd 351000 (b) Total in class: 93,626,735 (c) Total percentage held in class: 5.218% Details of relevant interests (prior to transaction) For that relevant interest,-- (a) Number held in class: 4,387,500 Maruha Nichiro Corporation 4534231 Maruha (NZ) Corporation Ltd 351000 (b) Percentage held in class: 4.686% For a derivative relevant interest, also - Not applicable Details of transactions and events giving rise to substantial holding Date of Transaction 24 March 2017 Nature of Transaction - Purchase of Ordinary Shares Seller - 3640 Limited Purchaser - Maruha Nichiro Corporation Number of Ordinary Shares 497731 Consideration $3,658,322.85 ($7.35 per share). Additional information Address of substantial product holder(s): Maruha (NZ) Corporation Ltd, Level 13, Swanson House, 12-26 Swanson Street, Auckland 1010 Contact details: Ichiro Takuma, Phone +64-985-4646, Email taknz@maruha.co.nz Nature of connection between substantial product holders: Parent company and wholly owned subsidiary. Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: n/a Disclosure has effect for purposes of directors' and senior managers' disclosure. Certification I, Ichiro Takuma, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. End CA:00298839 For:SAN Type:SSH Time:2017-03-24 16:25:55