SPH Notice – Hugh Green Investments Limited

Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013 To NZX Limited and To Turners Automotive Group Limited ("Turners") Date this disclosure made: 4 July 2017 Date last disclosure made: 30 June 2017 Date on which substantial holding ceased: 4 July 2017 Substantial product holder(s) giving disclosure Full name(s): Hugh Green Investments Limited ("HGIL") Summary of previous substantial holding Class of quoted voting products: Ordinary shares (NZX Code: TRA) Summary for Hugh Green Investments Limited For last disclosure,-- (a) total number held in class: 14,157,340 (b) total in class: 74,523,527 (c) total percentage held in class: 18.997% For current holding after ceasing to have substantial holding,-- (a) total number held in class: 0 (b) total in class: 74,523,527 (c) total percentage held in class: 0.000% Details of transactions and events giving rise to ceasing of substantial holding Details of the transactions or other events requiring disclosure: On 30 June 2017, HGIL sold all 14,157,340 of its shares in Turners through an on market trade for $3.35 per share (with the aggregate consideration being $47,427,089). Settlement occurred on 4 July 2017. Additional information Address(es) of substantial product holder(s): Level 2, Raphoe House, 8 Gloucester Park Road, Onehunga, Auckland 1061, New Zealand Contact details: Jane Porter, 09 622 3800, jane@hgg.co.nz 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: Not applicable Certification I, Jane Porter, 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:00303575 For:TRA Type:SHINTR Time:2017-07-04 12:38:01