Change of Company Name and General Market Update

7 December 2017 NZX Announcement Change of Company Name and General Market Update Following completion of the introduction of the new shareholder, Lateral Corporation Limited (NZAX: LAT) (the Company) is pleased to announce that with effect from 22 December 2017, the Company will be renamed "Southern Charter Financial Group Limited". The Company will also receive a new ticker code of "SNC". As discussed in the Disclosure Document dated 20 July 2017, the Company is seeking to grow by making acquisitions in the financial services sector. The Company is looking for appropriate acquisition targets but the Board do not expect that any acquisition will be completed until 2018. The Company will seek shareholder approval as required at that time to complete any transaction. For and on behalf of the Board, Ka Wo Chan Chairman End CA:00311626 For:LAT Type:MKTUPDTE Time:2017-12-08 08:31:06