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31 January 2019 Listed Company Relations New Zealand Exchange Limited PO Box 2959 WELLINGTON Dear Sir/Madam MILMEQ SPARES AND SUNDRIES (MEAT SLAUGHTER) BUSINESS Scott Technology Ltd ('Scott') is pleased to announce that we are in the process of taking over the Spares and Sundries part of the Milmeq Meat Slaughter business. This new arrangement ensures continuity of service to Milmeq's existing clients. At this stage we will continue to operate the Spares and Sundry business out of the current Milmeq facilities. The Spares and Sundries business will be supported by two existing Milmeq staff who have been employed by Scott, as well as other existing Scott staff as needed. Further to this, Scott has offered short term contracts to six additional Milmeq staff to work in the Scott business. We expect the new arrangements to be finalised within the next few weeks. Yours faithfully Chris Hopkins Chief Executive About Milmeq Milmeq specialises in delivering capital plant equipment for food processing operations around the world. We provide a turn-key service, including design, manufacturing, installation and maintenance. Our areas of expertise include primary food processing, chilling and freezing and materials handling. We provide performance-enhancing solutions to clients across the meat, poultry, dairy, seafood and horticulture industries. Having already established ourselves as industry leaders in our homeland, New Zealand, which is renowned for its meat and dairy exporting industry, we are now recognised globally for offering world class technologies and support systems. Read more at https://milmeq.com/ End CA:00330016 For:SCT Type:GENERAL Time:2019-01-31 13:27:37