Ongoing Disclosure Notice

In respect of the Bounty Holdings New Zealand Limited ("Bounty") offer to acquire all of the ordinary shares ("Shares") in Tegel Group Holdings Limited ("Tegel") for $1.23 per share (the "Offer Price") (the "Offer"), please refer to the attached for an Ongoing Disclosure Notice in respect of all Directors and Senior Managers, who have a relevant interest in Shares, and have accepted the Offer in respect of such Shares. -ENDS End CA:00322374 For:TGH Type:SHINTR Time:2018-08-17 09:23:30