Appointment of Director

9 January 2018 NZX Continuous Disclosure Abby Foote Joins Sanford Board Sanford Limited - New Zealand's largest fishing and aquaculture company -is very pleased to announce that Mrs Abby Foote has accepted an invitation to join its Board of Directors effective 1 February 2018. Abby Foote is an experienced professional director with an extensive legal and accounting background. Based in Christchurch, she has more than 20 years experience in a range of senior management, treasury and legal roles. Her extensive governance experience of both NZX listed and Crown owned companies includes current roles as a director and chair of the Audit and Risk committees of The Museum of New Zealand Te Papa Tongarewa, TVNZ and Livestock Improvement Corporation Limited. Abby is also a director on the Board of Z Energy where she chairs the Health, Safety, Security & Environment Committee. Mrs Foote's past director appointments have included significant organisations like Transpower NZ Limited, Diligent Corporation, BNZ Life Insurance Limited and NZ Local Government Funding Agency Limited. Paul Norling, Chairman of Sanford, said he was delighted Mrs Foote had accepted the Company's invitation to join its Board. He noted that the Company is on a transformational journey to maximise the value of the wonderful NZ seafood it produces from our country's significant seafood resources. Someone of Mrs Foote's calibre and experience would be a valuable addition to the overall composition of the board. Owing to the level of her other work commitments, Liz Coutts has advised the Board that, regretfully, she has decided to retire as a Director of the company effective from the conclusion of the company's annual meeting on December 13, 2017. Paul Norling, Chairman of Sanford, paid tribute to Liz's contribution to the company during her six and a half years as a Director which included Chair of the Audit and Finance Committee for her full term as a director. During her tenure she had made a very valuable contribution to the progress the company had achieved over this time. Paul Norling Chairman End CA:00312848 For:SAN Type:ADMIN Time:2018-01-09 13:41:35