SPH Notice – Bartel Holding Limited

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 To NZX Limited and To Turners Automotive Group Limited Relevant event being disclosed: Movement of 1% or more in substantial holding Date of relevant event: 1 October 2018 Date this disclosure made: 5 October 2018 Date last disclosure made: 12 October 2016 Substantial product holder(s) giving disclosure Full name(s): Bartel Holdings Limited Summary of substantial holding Class of quoted voting products: Ordinary shares (NZX: TRA) Summary for Bartel Holdings Limited For this disclosure,-- (a) total number held in class: 9,552,642 (b) total in class: 89,480,315 (c) total percentage held in class: 10.675% For last disclosure, -- (a) total number held in class: 6,745,624 (b) total in class: 69,970,050 (c) total percentage held in class: 9.641% Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure: Allotment of 2,807,018 ordinary shares issued at $2.85 per share on 1 October 2018 on conversion of interest bearing convertible bonds (NZX: TRAHB) Details after relevant event Details for Bartel Holdings Limited Nature of relevant interest(s): Registered holder of ordinary shares For that relevant interest,-- (a) number held in class: 9,552,642 (b) percentage held in class: 10.675% (c) current registered holder(s): Bartel Holdings Limited (d) registered holder(s) once transfers are registered: no change 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): Unit 402, 52 Sale Street, Auckland Central, Auckland, 1010 Contact details: Alistair Petrie (021 491 821) 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: Not applicable Certification I, Alistair Petrie, 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:00324935 For:TRA Type:SHINTR Time:2018-10-05 11:07:55