South Port NZ Ltd – AMENDED Resolutions from Annual Meeting

PLEASE NOTE THIS IS AN AMENDMENT TO THE ORIGINAL ANNOUNCEMENT AS THE DETAILS OF THE VOTES CAST IN PERSON OR BY PROXY WERE NOT INCLUDED IN OUR ANNOUNCEMENT. THE ATTACHED FORM NOW RECORDS THOSE VOTES. 11 November 2019 South Port New Zealand Limited Annual Meeting Results of Resolutions at Annual Meeting and Directors' Independence All resolutions proposed at the South Port New Zealand Limited Annual Meeting held in Bluff on Friday, 8 November 2019 were passed. Those resolutions comprised: 1. Adoption of Financial Statements for the year ended 30 June 2019 and the Reports of the Directors and Auditors. 2. (i) Re-election of Mr Philip Wade Cory-Wright as a Director of the Company; and (ii) Re-election of Mrs Clare Margaret Kearney as a Director as a Director of the Company. (iii) Election of Ms Nicola Jean Greer as a Director of the Company. 3. Authorisation of Directors to fix the remuneration of the Auditors for the ensuing year. Also, pursuant to NZX Listing Rule 3.3.3(a), the Board has determined that each of the following Directors is an Independent Director: ? Rex Thomas Chapman ? Philip Wade Cory-Wright ? Thomas McCuish Foggo ? Nicola Jean Greer ? Clare Margaret Kearney ? Jeremy James McClean NIGEL GEAR Chief Executive End CA:00344107 For:SPN Type:MEETING Time:2019-11-11 16:36:48