Steel & Tube Notice of Issue of Securities

NOTICE OF ISSUE OF SECURITIES For the purposes of Listing Rule 7.12.1, Steel & Tube Holdings Limited (NZX: STU) advises that the following shares have been issued on 7 September 2018: (a) Class of Security ISIN: Ordinary shares NZSUTE0001S5 (b) Number issued: 57,237,909 (c) Issue price: $1.05 (d) Whether payment was in cash: Yes (e) Any amount paid up: In full (f) Principal terms of the Securities: Not applicable (g) Percentage of the total Class of Securities issued: 52.628% of the total number of fully paid ordinary shares prior to this issue (h) Reason for the issue: Allotment of 57,237,909 ordinary shares under a 1 for 1.9 pro rata rights offer conducted by Steel & Tube Holdings Limited (i) Specific authority for the issue: Directors' resolutions dated 6 August 2018 (j) Terms or details of the issue: New ordinary shares which rank equally with all other fully paid ordinary shares in Steel & Tube Holdings Limited on issue (k) Total number of Securities of the Class in existence after the issue: 165,997,540 (l) Treasury Stock: Not applicable (m) Date of issue: 7 September 2018 ENDS For further information please contact: Mark Malpass Steel & Tube CEO Tel: +64 27 777 0327 Email: mark.malpass@steelandtube.co.nz Jackie Ellis Media and communications Tel: +64 27 246 2505 Email: jackie@ellisandco.co.nz End CA:00323553 For:STU Type:SECISSUE Time:2018-09-07 10:06:49