Notice of redemption/cancellation of restricted shares

NZSX/NZDX NOTICE PURSUANT TO LISTING RULE 7.12.1 (a) Class of Security and ISIN: Restricted Shares ISIN: (b) Number issued/acquired: 138,695 bought back and cancelled (c) Issue/Acquisition price: NZ$3.715992 for shares issued 18 November 2015 NZ$5.4978 for shares issued 18 October 2016 NZ $4.4299 for shares issued 15 November 2017 (d) Payment in Cash: yes (e) Amount paid up: Fully paid (f) Percentage total of class of securities: 0.035% (g) Reason for issue/acquisition: 52,579 restricted shares which will not meet the requirements to become unrestricted as the beneficial holders have left the company's employment; plus 86,116 restricted shares, the balance of the shares in the LTI 4 round which did not vest. All originally issued to TMG Trustee Limited as trustee for senior employees under the company's Executive Long Term Incentive Scheme. The shares have been bought back under the Scheme Rules, and cancelled. Notice was given to shareholders on 19 March 2019, as part of the Notice of Meeting and Scheme Booklet provided to shareholders. (h) Specific authority for issue/acquisition: Board resolution, s. 71 Companies Act 1993. (i) Any terms or details of the issue/acquisition: none (j) Total number of securities on issue after issue/acquisition: 396,834,334 (k) Companies Act 1993 registered company - shares to be held as Treasury Stock: No (l) Date of issue/acquisition: Bought back and cancelled 5 April 2019 End CA:00333049 For:TME Type:SECISSUE Time:2019-04-05 16:29:21