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NOTICE OF NEW ISSUE OF SECURITIES (Notice given pursuant to NZX Listing Rule 7.12.1) Class of security: Ordinary ISIN: NZ KGLE 000 1S8 Number issued: 604,516 Nominal value (if any): - Issue price: $0.9154187 per share (strike price) Whether payment was in cash: Cash dividend reinvested in ordinary shares of CDI Any amount paid up (if not in full):Fully paid Principal terms of securities: Pursuant to Dividend Reinvestment Plan Percentage of total class of securities: 0.218% Reason for issue: Dividend Reinvestment Plan Authority for the issue: Dividend Reinvestment Plan / Director's resolution Any terms or details of the issue: Pursuant to Dividend Reinvestment Plan Total number of securities after the issue: 278,118,487 ordinary shares Are these shares to be held as Treasury Stock?: No Date of issue: 18 May 2018 Full name of Issuer: CDL Investments New Zealand Limited Name of office authorised to make this notice: Takeshi Ito, Company Secretary Contact telephone number: 09 353 5077 Contact fax number: 09 353 5098 Date: 18 May 2018 End CA:00318154 For:CDI Type:SECISSUE Time:2018-05-18 08:35:26