SPH Notice – Golden Tower NZ 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 Southern Charter Financial Group Limited Relevant event being disclosed: Change in nature of relevant interest Date of relevant event: 7 November 2018 Date this disclosure made: 8 November 2018 Date last disclosure made: 31 August 2017 Substantial product holder(s) giving disclosure Full name(s): Golden Tower NZ Limited (GTNZ) Summary of substantial holding Class of quoted voting products: Ordinary shares Summary for GTNZ For this disclosure,-- (a) total number held in class: 442,809,270 shares (b) total in class: 514,894,500 (c) total percentage held in class: 86.000% For last disclosure,-- (a) total number held in class: 442,809,270 (b) total in class: 514,894,500 (c) total percentage held in class: 86.000% Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure: GTNZ has entered into a conditional Agreement for Sale and Purchase of Shares dated 7 November 2018 whereby GTNZ has agreed to sell its entire shareholding in Southern Charter Financial Group Limited, being 442,809,270 ordinary shares, to Chang Ku EE for $2,950,000. (Sale and Purchase Agreement). The Sale and Purchase Agreement is conditional on non-associated shareholder approval being obtained under the Takeovers Code. Details after relevant event Details for GTNZ Nature of relevant interest(s): Conditional agreement to sell shares. A copy of the Sale and Purchase Agreement is attached. For that relevant interest,-- (a) number held in class: 442,809,270 (b) percentage held in class: 86.000% (c) current registered holder(s): No change since last disclosure. (d) registered holder(s) once transfers are registered: Chang Ku EE Additional information Address(es) of substantial product holder(s): C/- Duncan Cotterill, Level 2, 50 Customhouse Quay, Wellington Contact details: Matt Yates, Duncan Cotterill, matt.yates@duncancotterill.com, 04 471 9428 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: Chang Ku EE Disclosure has effect for purposes of directors' and senior managers' disclosure Kawo Chan is the sole shareholder of GTNZ and is also a director of Southern Charter Financial Group Limited. This disclosure also constitutes disclosure for the purposes of the directors' and senior managers' disclosure obligations. Certification I, Matthew Wallace Yates, 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:00326506 For:SNC Type:SHINTR Time:2018-11-08 09:04:35