Notice of change in director’s shareholding

To NZX Limited; and Name of listed issuer: The Colonial Motor Company Limited Date this disclosure made: 16 October 2019 Date of last disclosure: 22 March 2019 Director or senior manager giving disclosure Full name(s): Matthew James Newman Name of listed issuer: The Colonial Motor Company Limited Name of related body corporate (if applicable): n/a Position held in listed issuer: Director Summary of acquisition or disposal of relevant interest (excluding specified derivatives) Class of affected quoted financial products: Ordinary shares Nature of the affected relevant interest(s): Beneficial For that relevant interest- Number held in class before acquisition or disposal: 25,500 Number held in class after acquisition or disposal: 30,000 Current registered holder(s): Not known Registered holder(s) once transfers are registered: Matthew James Newman Summary of acquisition or disposal of specified derivatives relevant interest (if applicable) - Not applicable Details of transactions giving rise to acquisition or disposal Total number of transactions to which notice relates: 1 Details of transactions requiring disclosure- Date of transaction: 15 October 2019 Nature of transaction: On-market purchase Name of any other party or parties to the transaction (if known): Not known The consideration, expressed in New Zealand dollars, paid or received for the acquisition or disposal: $8.75 per share Number of financial products to which the transaction related: 4,500 If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) include the following details-- Whether relevant interests were acquired or disposed of during a closed period: No Whether prior written clearance was provided to allow the acquisition or disposal to proceed during the closed period: n/a Date of the prior written clearance (if any): n/a Summary of other relevant interests after acquisition or disposal: None End CA:00342732 For:CMO Type:SHINTR Time:2019-10-16 16:46:26