SPH Notice – Gregory James Kern

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest, or both Sections 277 and 278, Financial Markets Conduct Act 2013 Note: This form must be completed in accordance with the instructions at the end of the form. To NZX Limited and To TIL Logistics Group Limited (NZX: TLL) Relevant event being disclosed: Change in nature of relevant interest Date of relevant event: 24 April 2018 Date this disclosure made: 24 April 2018 Date last disclosure made: 17 April 2018 Substantial product holder(s) giving disclosure Full name(s): Gregory James Kern Summary of substantial holding Class of quoted voting products: Ordinary shares Summary for Gregory James Kern For this disclosure,-- (a) total number held in class: 5,507,153 (b) total in class: 81,459,483 (c) total percentage held in class: 6.761% For last disclosure,-- (a) total number held in class: 5,607,153 (b) total in class: 81,459,483 (c) total percentage held in class: 6.883% Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure: On 24 April 2018 Kern Group Pty Ltd transferred by way of off-market trade 148,639 ordinary shares in TIL Logistics Group Limited to the Kern Consulting Group Super Fund for aggregate consideration of $286,873. It is also noted that on 20 April 2018 Kern Group (Logistics) Pty Ltd sold by way of off-market trade 100,000 ordinary shares in TIL Logistics Group Limited to an unknown buyer for consideration of $1.78 per ordinary share. Details after relevant event Details for Gregory James Kern Nature of relevant interest(s): Director of Kern Group (Logistics) Pty Ltd and Kern Group Pty Ltd and has the power to control the disposal of, and the exercise of rights to vote attaching to, shares held by those entities, resulting in Gregory James Kern having a relevant interest in the financial products of TIL Logistics Group Limited held by those entities. For that relevant interest,-- (a) number held in class: 5,358,514 (b) percentage held in class: 6.578% (c) current registered holder(s): Kern Group (Logistics) Pty Ltd and Kern Group Pty Ltd (d) registered holder(s) once transfers are registered: (a) Kern Group (Logistics) Pty Ltd (5,173,819 ordinary shares); and (b) Kern Group Pty Ltd (184,695 ordinary shares) Nature of relevant interest(s): Has the power to control the disposal of, and the exercise of rights to vote attaching to, shares held by the Kern Consulting Group Super Fund, resulting in Gregory James Kern having a relevant interest in the financial products of TIL Logistics Group Limited held by that entity. For that relevant interest,-- (a) number held in class: 148,639 (b) percentage held in class: 0.182% (c) current registered holder(s): Kern Group Pty Ltd (d) registered holder(s) once transfers are registered: Kern Consulting Group Super Fund Additional information Address(es) of substantial product holder(s): GPO Box 564, Brisbane, Queensland, Australia 4001 Contact details: Russell Daly,+61 7 3270 8000, DalyR@kerngroup.com.au Nature of connection between substantial product holders: N/A 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: N/A Disclosure has effect for purposes of directors' and senior managers' disclosure Gregory James Kern is also a director of TIL Logistics Group Limited. This disclosure also constitutes disclosure for the purposes of the directors' and senior managers' disclosure obligations. Certification I, Gregory James Kern, 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:00317195 For:TLL Type:SHINTR Time:2018-04-26 08:33:11