Mercantile Investment Company Limited (“MVT”) – Delisting

Memorandum To: Market Participants From: NZX Product Operations Date: Tuesday, 15 October 2019 Subject: Mercantile Investment Company Limited ("MVT") - Delisting Message: Further to the announcement made by Mercantile Investment Company Limited ("MVT") on Tuesday, 15 October 2019, NZX Operations ("NZXO") advises that MVT will be delisting from the NZSX Board. MVT ordinary shares were halted and suspended on Thursday, 19 September 2019. MVT ordinary shares will be delisted and will cease to be quoted from close of business on Monday, 21 October 2019. Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com with any queries. ENDS End CA:00342660 For:MVT Type:MEMO Time:2019-10-15 16:25:32