South Port – Updated Profit Forecast

22 July 2019 NZX ANNOUNCEMENT South Port - Updated Profit Forecast Strong late season cargo flows will result in South Port achieving a net profit after tax for the year ended 30 June 2019 similar to the previous year of $9.66M. This is a better than expected result with the Company advising shareholders at the time of its interim report in February that it expected its earnings to fall within the range of $8.6M to $8.9M. The audited year end profit will be announced on 29 August 2019. FOR FURTHER INFORMATION PLEASE CONTACT: Mr Nigel Gear Chief Executive South Port New Zealand Ltd Tel (03) 212 8159 For and on behalf of the Board of Directors NIGEL GEAR Chief Executive 22 July 2019 End CA:00337946 For:SPN Type:MKTUPDTE Time:2019-07-22 10:09:52