SPH Notice – JCR Capital Ltd and 730 Trustee Company Ltd

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 Burger Fuel Worldwide Limited (NZAX:BFW) Relevant event being disclosed: Increase in percentage relevant interests in Burger Fuel Worldwide following buyback by the company of its ordinary shares from Franchise Brands, LLC. Date of relevant event: 17 July 2018 Date this disclosure made: 23 July 2018 Date last disclosure made: 15 September 2017 Substantial product holder(s) giving disclosure Full name(s): JCR Capital Limited and 730 Trustee Company Limited as co-trustees of the JCR Investment Trust Summary of substantial holding Class of quoted voting products: Ordinary shares in Burger Fuel Worldwide Limited Summary for JCR Capital Limited and 730 Trustee Company Limited as co-trustees of the JCR Investment Trust For this disclosure,-- (a) total number held in class: 39,809,782 (b) total in class: 59,633,550 (c) total percentage held in class: 66.7% For last disclosure,-- (a) total number held in class: 39,809,782 (b) total in class: 59,633,550 (c) total percentage held in class: 66.7% Details of transactions and events giving rise to relevant event On 17 July 2018, Burger Fuel Worldwide Limited acquired 3,143,355 shares of its ordinary shares from Franchise Brands LLC. This resulted in the percentage of the issued ordinary shares of Burger Fuel Worldwide Limited in which JCR Capital Limited and 730 Trustee Company Limited (as co-trustees of the JCR Investment Trust) has a relevant interest increasing from 66.7% to 70.6%. No relevant agreement document is attached because the exemption in regulation 141 of the Financial Markets Conduct Regulations 2014 applies. Details after relevant event Details for JCR Capital Limited and 730 Trustee Company Limited Nature of relevant interest(s): The remaining relevant interests in the ordinary shares of Burger Fuel Worldwide Limited held by JCR Capital Limited and 730 Trustee Company Limited are, and remain, as set out in detail in a substantial holder notice dated, and submitted by JCR Capital Limited and 730 Trustee Company Limited on, 21 September 2011. The relevant agreements that record and give rise to those relevant interests were disclosed with that notice. For that relevant interest,-- (a) number held in class: 39,809,782 (b) percentage held in class: 70.6% (c) current registered holder(s): Mason Roberts Holdings Limited (d) registered holder(s) once transfers are registered: There is no transfer to which this notice relates. The increase in percentage shareholding that is the basis for this notice results from the buyback and cancellation of 3,143,355 shares in Burger Fuel Worldwide Limited. For a derivative relevant interest, also-- (a) type of derivative: N/A (b) details of derivative: N/A (c) parties to the derivative: N/A (d) if the substantial product holder is not a party to the derivative, the nature of the relevant interest in the derivative: N/A Additional information Address(es) of substantial product holder(s): SME Financial, First Floor, 6 Boston Road, Grafton, Auckland, 1023, New Zealand Contact details: Josef Roberts, Director; Nature of connection between substantial product holders: Co-trustees of the JCR Investment Trust. 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: Josef Roberts, director of each of JCR Capital Limited and 730 Trustee Company Limited as a result of being a director of Burger Fuel Worldwide Limited (see below). Disclosure by Mr Roberts will be made notwithstanding section 302 of the Financial Markets Conduct Act 2013. Certification I, Josef Christopher Roberts, 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:00321168 For:BFW Type:SHINTR Time:2018-07-23 15:29:24