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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: 11 November 2020 Date on which substantial holding began: 11 November 2020 Substantial product holder(s) giving disclosure Full name(s): CMJR Trustee Limited as trustee of the CMJR Trust Summary of substantial holding Class of quoted voting products: Fully paid ordinary shares in BFG Summary for CMJR Trustee Limited as trustee of the CMJR Trust (CMJR Trust) For this disclosure,-- (a) total number held in class: 2,598,318 (b) total in class: 50,336,863 (c) total percentage held in class: 5.162% Details of relevant interests Details for CMJR Trustee Limited as trustee of the CMJR Trust Nature of relevant interest(s): Beneficial owner: For that relevant interest,-- (a) number held in class: 2,598,318 (b) percentage held in class: 5.162% (c) current registered holder(s): Mason Roberts Holdings Limited (d) registered holder(s) once transfers are registered: Not applicable Details of transactions and events giving rise to substantial holding Details of the transactions or other events requiring disclosure: The buyback of 3,333,332 fully paid ordinary shares in BFG, by BFG, as described in the BFG Disclosure Document dated and disclosed to the market on 23 October 2020, has been completed and the 3,333,332 shares acquired have been immediately cancelled as contemplated by section 66(1) of the Companies Act 1993. An increase in CMJR Trust's relevant interest has arisen due to the proportionate increase in its beneficial holding as a result of the cancellation of the 3,333,332 ordinary shares in BFG (as described above). Additional information Address(es) of substantial product holder(s): c/o Greenlion, 130 Saint Georges Bay Road, Parnell, Auckland, 1052, New Zealand Contact details: Josef Christopher Roberts josef@burgefuel.co.nz 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: Certification I, Josef Christopher Roberts, 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:00363077 For:BFG Type:SHINTR Time:2020-11-11 12:50:41