Disclosure of ceasing to have substantial holding

Disclosure of ceasing to have substantial holding Section 25, Securities Markets Act 1988 To: NZX Limited And: Promisia Integrative Limited Date this disclosure made: 14 January 2019 Date last disclosure made: 17 July 2014 Substantial security holder(s) giving disclosure Name(s): Garrick Robert Wells, Wells Investments Limited and associated persons. Contact details: Stephen Underwood; Telephone 027 499 3387; email: stephen@renouf.co.nz Date on which substantial security holder(s) ceased to have substantial holding: 31 December 2018 Summary of previous substantial holding to which disclosure relates Class of listed voting securities: Ordinary shares (NZSX:PIL) Summary for: Garrick Robert Wells, Wells Investments Limited and associated persons For last disclosure,-- (a) total number held in class: 35,953,155 (b) total in class: 281,733,138 (c) total percentage held in class: 12.76% For current holding after ceasing to have substantial holding: (a) total number held in class: 39,027,368 (b) total in class: 1,901,797,451 (c) total percentage held in class: 2.05% Details of transactions and events giving rise to person ceasing to have substantial holding Details of the transactions or other events requiring disclosure under the instructions to this form: As a result of a rights issue to eligible shareholders closing on 24 December 2018, and the conversion of short term advances from another shareholder to equity, there has been a dilution in the interests of Garrick Robert Wells, Wells Investments Limited and associated persons and they are no longer substantial shareholders in the company. Additional information Nature of connection between substantial security holders: Garrick Robert Wells has a beneficial interest in the shares held by Wells Investments Limited. Address(es) of substantial security holder(s): P O Box 40-324, Upper Hutt, 6415, New Zealand Name of any other person believed to have given, or believed to be required to give, a disclosure under the Act in relation to the securities to which this disclosure relates: Not Applicable Declaration I, Stephen Underwood, declare 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:00329408 For:PIL Type:SHINTR Time:2019-01-14 10:30:46