Share Buy-Back for Employee Share Purchase Scheme

25 May 2018 The New Zealand Refining Company Limited - Announcement of Share Buy-Back for Employee Share Purchase Scheme On 2 May 2018 The New Zealand Refining Company Limited (Refining NZ) announced its intention to buy-back not more than $303 thousand of its ordinary shares on-market through CRS Nominees Limited. As announced on 8 May 2018, Refining NZ purchased 122,169 ordinary shares for a total amount of $289 thousand, and will extend the buy-back period to 31 May 2018 to allow for an additional acquisition of approximately $2 thousand of its ordinary shares, occurring after 3 clear business days from the date of this notice. Denise Jensen Chief Financial Officer/ Company Secretary End CA:00318474 For:NZR Type:CORPACT Time:2018-05-25 09:28:46