SPH Notice – Chang Ku EE

Disclosure of beginning to have substantial holding Section 276, Financial Markets Conduct Act 2013 To NZX Limited and To Southern Charter Financial Group Limited Date this disclosure made: 8 November 2018 Date on which substantial holding began: 7 November 2018 Substantial product holder(s) giving disclosure Full name(s): Chang Ku EE Summary of substantial holding Class of quoted voting products: Ordinary shares Summary for Chang Ku EE 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% Details of relevant interests Details for Chang Ku EE Nature of relevant interest(s): Conditional agreement to acquire shares. For that relevant interest,-- (a) number held in class: 442,809,270 shares (b) percentage held in class: 86.000% (c) current registered holder(s): Golden Tower NZ Limited (GTNZ) (d) registered holder(s) once transfers are registered: Chang Ku EE Details of transactions and events giving rise to substantial holding Details of the transactions or other events requiring disclosure: Chang Ku EE and GTNZ have 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. A copy of the Sale and Purchase Agreement is attached. 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: Golden Tower NZ Limited 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:00326507 For:SNC Type:SHINTR Time:2018-11-08 09:06:06