SeaDragon delisting announcement

On 22 May 2020, a special meeting of shareholders (Meeting) of SeaDragon Limited (SeaDragon or Company) was held by an online/telephone meeting using the Company's share registrar's virtual meeting platform, at which the shareholders of the Company (Shareholders) resolved as follows: 1. that the delisting of the Company with NZX Limited, including that its ordinary shares cease to be quoted on the NZX Main Board, be approved, and the directors of the Company be authorised to undertake all actions and enter into any agreements and other documents necessary to achieve this outcome; 2. subject to the Company ceasing to be listed on the NZX Main Board, that the listing of the Company on the Unlisted Securities Exchange be approved and the directors of the Company be authorised: (a) to work with Efficient Market Services Limited such that the Company will have its ordinary shares quoted and traded on the Unlisted Securities Exchange when it ceases to be listed on the NZX Main Board; and (b) to undertake all actions and enter into any agreements and other documents necessary to achieve this outcome; and 3. that the existing constitution of the Company be altered, and an amended constitution of the Company in the form tabled at the special meeting of shareholders, referred to in the explanatory notes and signed by the Chairman for the purposes of identification be adopted, subject to and with effect from the day after the Company ceases to be listed on the NZX Main Board. As a result, the Company is now in the process of delisting from the NZX Main Board and listing its ordinary shares on the Unlisted Securities Exchange (or USX). The delisting process, its implications and a timetable of key dates are outlined in the accompanying Notice to Shareholders (which reflects information provided to Shareholders in the notice of meeting dated 6 May 2020). Please call Bryan Mogridge at SeaDragon Limited on +64 21 931 355 if you have any queries about this announcement. End CA:00353598 For:SEA Type:GENERAL Time:2020-05-25 08:31:12