SPH Notice – Burger Fuel Group Limited

Disclosure of beginning to have substantial holding Section 276, Financial Markets Conduct Act 2013 To NZX Limited and To Burger Fuel Group Limited (BFG) Date this disclosure made: 23 October 2020 Date on which substantial holding began: 23 October 2020 Substantial product holder(s) giving disclosure Full name(s): Burger Fuel Group Limited Summary of substantial holding Class of quoted voting products: Fully paid ordinary shares in BFG Summary for Burger Fuel Group Limited For this disclosure,-- (a) total number held in class: 3,333,332 (b) total in class: 53,670,195 (c) total percentage held in class: 6.211% Details of relevant interests Details for Burger Fuel Group Limited Nature of relevant interest(s): Power to acquire ordinary shares in BFG pursuant to the terms of the Buyback Deed (as further described below): For that relevant interest,-- (a) number held in class: 3,333,332 (b) percentage held in class: 6.211% (c) current registered holder(s): Mason Roberts Holdings Limited (d) registered holder(s) once transfers are registered: Not applicable, shares to be cancelled immediately upon acquisition by BFG Details of transactions and events giving rise to substantial holding Details of the transactions or other events requiring disclosure: BFG, Christopher Simon Mason, personally, and jointly with Christopher John Mills as trustees of the Mason Family Trust, and Mason Roberts Holdings Limited, have entered into a buyback deed (Buyback Deed). Under the Buyback Deed, BFG has agreed to buyback a total of 3,333,332 fully paid ordinary shares in BFG held by Mason Roberts Holdings Limited which are beneficially owned by Christopher Simon Mason and Christopher John Mills as trustees of the Mason Family Trust, for consideration of $0.39 per share (as further described in the Buyback Deed). A copy of the Buyback Deed is attached to this disclosure (16 pages). A relevant interest has arisen as, by way of entry into the Buyback Deed, BFG now has the power to acquire 3,333,332 ordinary shares in BFG (held by Mason Roberts Holdings Limited) that are beneficially owned by Christopher Simon Mason and Christopher John Mills as trustees of the Mason Family Trust pursuant to the terms of the Buyback Deed. Additional information Address(es) of substantial product holder(s): Burger Fuel Group Limited, Grant Thornton New Zealand Limited, Level 4, 152 Fanshawe Street, Auckland, Auckland, 1010, New Zealand Contact details: Mark Piet, CFO / Company Secretary communications@burgerfuel.com Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: Christopher Simon Mason and Christopher John Mills as trustees of the Mason Family Trust and JCR Capital Limited and 730 Trustee Company Limited as co-trustees of the JCR Investment Trust Certification I, Mark Piet, Chief Financial Officer and Company Secretary, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. End CA:00361995 For:BFG Type:SHINTR Time:2020-10-23 12:34:59