Trading halt for share simplification implementation

Market statement 16 July 2018 Trading halt for share simplification implementation To implement the share simplification, Livestock Improvement Corporation (NZX: LIC) (LIC) has requested (and NZX has approved) that its investment shares be placed in a trading halt at the close of business today, Monday, 16 July 2018. It is anticipated that the halt will remain in place until the commencement of trading on Monday, 23 July 2018, when LIC's shares will trade as a single class of ordinary shares. On 14 March 2018, LIC shareholders approved the proposal to simplify LIC's share structure by bringing its existing two classes of shares together into a single class. The proposal will be implemented on 19 July 2018, as set out in the Notice of Special Meeting and Explanatory Memorandum provided to shareholders in February this year. Further information is available in the announcement made by LIC on 9 February 2018, in the memorandum released by NZX on 13 July 2018, and at: https://www.lic.co.nz/shareholders/welcome-lic-shareholder-centre/ ENDS For any shareholder enquiries please phone 0800 264 632 End CA:00320890 For:LIC Type:GENERAL Time:2018-07-16 16:43:00