Change in ongoing interest of a director

Ongoing Disclosure Notice Disclosure of Director's Relevant Interests Sections 297(2) and 298(2), Financial Markets Conduct Act 2013 To NZX Limited; and Name of listed issuer: The Colonial Motor Company Limited Date this disclosure made: 09 March 2020 Date of last disclosure: 17 May 2018 Director or senior manager giving disclosure Full name(s): James Picot Gibbons Name of listed issuer: The Colonial Motor Company Limited Name of related body corporate (if applicable): 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 Acquisition 1 Nature of the affected relevant interest(s): Non-beneficial Number held in class before acquisition: 543,794 Number held in class after acquisition: 634,031 Current registered holder(s): Estate of N L Gibbons Registered holder(s) once transfers are registered: Pauline Lucy Bennet & Laurence Charles Bennett & James Picot Gibbons Acquisition 2 Nature of the affected relevant interest(s): Beneficial Number held in class before acquisition: 683,550 Number held in class after acquisition: 773,787 Current registered holder(s): Estate of N L Gibbons Registered holder(s) once transfers are registered: Diana Margaret Gibbons & James Picot Gibbons & Pauline Bennett 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: Two Details of transactions requiring disclosure- Date of transactions: 09 March 2020 Nature of transactions: Off-market transfers to beneficiaries of an estate Name of any other party or parties to the transaction (if known): Estate of N L Gibbons The consideration, expressed in New Zealand dollars, paid or received for the acquisition or disposal. If the consideration was not in cash and cannot readily be converted into a cash value, describe the consideration: None Number of financial products to which the transaction related: 180,474 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 Summary of other relevant interests after acquisition or disposal: Class of quoted financial products: Ordinary shares Interest 1 Nature of relevant interest: Beneficial Number held in class: 737,531 Current registered holder(s): Various Interest 2 Nature of relevant interest: Non-beneficial Number held in class: 492,055 Current registered holder(s): Various Interest 3 Nature of relevant interest: Held by associated persons Number held in class: 513,270 Current registered holder(s): Various End CA:00349636 For:CMO Type:SHINTR Time:2020-03-09 16:10:20