Share Buy-Back for Employee Share Purchase

Pursuant to NZX Listing Rule 7.6.2, The New Zealand Refining Company Limited hereby announces its intention to buy back not more than $285 thousand of its ordinary shares on-market through CRS Nominees Limited during the period 6th to 7th May 2019. The acquired shares will be granted to staff as part of an employee share purchase scheme. D.M. Jensen Chief Financial Officer / Company Secretary End CA:00333919 For:NZR Type:CORPACT Time:2019-05-01 10:37:53