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Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest or both Sections 23 and 24, Securities Markets Act 1988 Relevant event being disclosed: Sale of shares Date of relevant event: 31 May 2018 To: NZX And: CDL Investments NZ Ltd Date this disclosure made: 31 May 2018 Date last disclosure made: 12 November 2014 Substantial security holder(s) giving disclosure Name: Adrian Ho Contact details: m1318@singnet.com.sg; Tel: 65-96161529; Summary of substantial holding to which disclosure relates Class of listed voting securities: Ordinary shares Summary for: Adrian Ho For this disclosure,-- (a) total number held in class: 21,763,600 (b) total in class: 278,118,487 (c) total percentage held in class: 7.83% For last disclosure,-- (a) total number held in class: 26,608,000 (b) total in class: 275,468,365 (c) total percentage held in class: 9.66% Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure under the instructions to this form: Sold 6,055,400 shares at 94 cents. Details of relevant interests in substantial holding after relevant event Details for: Adrian Ho Nature of relevant interest(s): Ordinary shares For that relevant interest,-- (a) number held in class: 21,763,600 (b) percentage held in class: 7.83% (c) current registered holder(s) of securities: Adrian Ho (d) registered holder(s) of securities once transfers registered: Adrian Ho Additional information Nature of connection between substantial security holders: NA Address of substantial security holder: 329 River Valley Road, #12-03, Singapore 238361 Name of any other person believed to have given, or believed to be required to give, a disclosure under the Act in relation to the securities to which this disclosure relates: NIL Declaration I, Adrian Ho, declare 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. Adrian Ho 329 River Valley Road, #12-03, Singapore 238361 31 May 2018 End CA:00318777 For:CDI Type:SHINTR Time:2018-05-31 14:44:21