Disclosure of beginning to have a substantial holding

Disclosure of beginning to have substantial holding Section 276, Financial Markets Conduct Act 2013 To NZX and To The Colonial Motor Company Limited Date this disclosure made: 27 March 2017 Date on which substantial holding began: 22 March 2017 Substantial product holder(s) giving disclosure Full name(s): Graeme Durrad Gibbons Summary of substantial holding Class of quoted voting products: Ordinary shares Summary for Graeme Durrad Gibbons For this disclosure,-- (a) total number held in class: 1,865,032 (b) total in class: 32,694,632 (c) total percentage held in class: 5.7% Details of relevant interests Details for Graeme Durrad Gibbons Relevant Interest one: Nature of relevant interest(s): Beneficial interest in ordinary shares No relevant agreement document needs to be attached under Regulation 139, Financial Markets Conduct Regulations 2014. For that relevant interest,-- (a) number held in class: 564,207 (b) percentage held in class: 1.7% (c) current registered holder(s): Graeme Durrad Gibbons (d) registered holder(s) once transfers are registered: Not applicable Relevant Interest two: Nature of relevant interest(s): Non-beneficial interests in ordinary shares No relevant agreement document needs to be attached under Regulation 139, Financial Markets Conduct Regulations 2014. For that relevant interest,-- (a) number held in class: 1,300,825 (b) percentage held in class: 4.0% (c) current registered holder(s): refer to attached Schedule A for details (d) registered holder(s) once transfers are registered: Not applicable Details of transactions and events giving rise to substantial holding Details of the transactions or other events requiring disclosure: Off-market transfer for no consideration of 1,050,000 ordinary shares into trusts of which the substantial product holder is a non-beneficial trustee. Additional information Address of substantial product holder: 15 Troon Crescent, Boulcott, Lower Hutt 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: Peter Craig Gibbons Disclosure has effect for purposes of directors' and senior managers' disclosure Graeme Durrad Gibbons is also a director and is chief executive of The Colonial Motor Company Limited. This disclosure also constitutes disclosure for the purposes of the directors' and senior managers' disclosure obligations. End CA:00298921 For:CMO Type:SSH Time:2017-03-28 08:38:35