Fliway Shareholders vote in favour of Scheme Arrangement

NZX Release 8 December 2017 Fliway shareholders vote in favour of Scheme Arrangment Fliway Group Limited (NZX:FLI, "Fliway") shareholders today voted in favour of the proposal from Yang Kee Group (New Zealand) Pty Limited ("Yang Kee") to acquire all the shares in Fliway via a Scheme of Arrangement. Voting results FOR AGAINST ABSTAIN Votes 31,088,850 252,680 147,650 % of votes cast 99.14% 0.86 n.a. % of total number of shares on issue 68.42% 0.56% 0.32% Timetable Following shareholder approval, Fliway will apply to the New Zealand High Court for approval of the Scheme. A hearing on 19 December 2017 has been scheduled. The below timetable shows the timing of the Scheme process from here. Table1: Indicative scheme timetable Event Timing Final Court Hearing 19 December Last day of trading in Fliway shares 21 December 2017 Scheme Record Date 5:00pm 27 December 2017 Implementation & Payment Date 4 January 2018 End Date - Final date the Scheme can be implemented 31 May 2018 These dates are subject to change. Fliway will advise shareholders if these dates are to change substantially. Ends About Fliway Fliway is one of New Zealand's largest independent and locally owned specialised transport and logistics companies with a nationwide presence and strong global freight forwarding relationships. Domestically, Fliway delivers approx. 1.6 million pieces of freight per annum and processes, on average, 49,000 units of freight per day across 36,000 metres of warehousing facilities. Fliway also handles approximately 8,800 international shipments and 108,000 customs clearance per annum. Fliway services over 1,000 customers across specialised domestic transport, warehousing and international freight forwarding. These services are provided by approximately 400 team members, a fleet of over 150 vehicles and a footprint of 12 branches and 5 warehouses across the country. About Yang Kee Yang Kee is one of Singapore's largest privately owned logistics companies. Over the past 10 years, Yang Kee has developed from a small, two-truck firm, into an industry leader, complementing its operations with warehousing and freight. In 2017, the Yang Kee Group is expected to generate revenues in excess of S$200m with approximately S$300m in net assets. It employs more than 600 people in 32 offices across 12 countries. Yang Kee provides services and solutions in warehousing, transportation, freight forwarding, customs clearance and project logistics management. Specialty services include the handling of hazardous cargo, specialty chemicals, lubricants and general industrial products. End CA:00311658 For:FLI Type:MEETING Time:2017-12-08 15:35:56