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Memorandum To: Market Participants From: NZX Product Operations Date: Friday, 20 March 2020 Subject: Steel & Tube Holdings Limited ("STU") - Interim Dividend Cancellation Message: Following the announcement released by Steel & Tube Holdings Limited ("STU") today, NZX Operations ("NZXO") advises that STU's interim dividend has been cancelled. The dividend cancellation has been reflected across NZX's systems. Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com with any queries. ENDS End CA:00350365 For:NZXO Type:MEMO Time:2020-03-20 14:26:40