Notification of Issue of Shares

For the purposes of Rule 7.12.1 of the NZX Main Board Listing Rules, TIL Logistics Group Limited (NZX:TLL) advises that the following fully paid ordinary shares have been issued pursuant to the TIL Logistics Group Limited Dividend Reinvestment Plan: a) Class of Security: ISIN: Ordinary Shares NZMOWE0001S5 b) Number issued: 1,173,393 c) Issue price: $1.41 per share d) Payment terms: Cash, pursuant to the Dividend Reinvestment Plan e) Amount paid up: Fully paid f) Principal terms of the Securities (other than for Quoted Securities) Ordinary shares that are Quoted Securities g) Percentage total of class of securities: 1.378% of ordinary shares on issue immediately prior to the issue of new shares h) Reason for issue: Issue to existing shareholders under the Dividend Reinvestment Plan i) Specific authority for issue: Dividend Reinvestment Plan and Board Resolution j) Terms or details of issue: The shares rank pari passu with existing ordinary shares k) Total number of securities after issue: 86,347,608 l) Date of issue: 27 March 2019 Lee Banks Chief Financial Officer Phone: (06) 755 9405 End CA:00332522 For:TLL Type:SECISSUE Time:2019-03-27 08:30:58