NOTIFICATION OF ACQUISITION AND REDEMPTION OF SECURITIES

2787225 v1
NOTIFICATION OF ACQUISITION AND REDEMPTION OF SECURITIES
Pursuant to Listing Rule 7.12.1, AWF Group Limited (NZX:AWF) advises that the following
securities issued by AWF under the AWF Group Restricted Share Scheme ("Scheme") have
been redeemed.
(a) Class of security: Restricted E Shares; and Restricted F Shares. ISIN not applicable as
securities not quoted.
(b) Number redeemed: 14,000 Restricted E Shares; and 21,000 Restricted F Shares.
(c) Redemption price: $2.57 per share.
(d) Payment terms: Cash.
(e) Amount paid up: Fully paid.
(f) Principal terms of the securities: The Restricted E Shares and Restricted F Shares are
restricted and are unable to be traded until reclassified as ordinary shares on the
relevant "Qualification Date" (subject to the holder remaining employed with AWF and
the repayment of any loans made by AWF to the holder in respect of the
shares). Restricted E Shares; and Restricted F Shares rank pari passu with existing
ordinary shares in respect of rights to dividends and other distributions and voting rights.
(g) Percentage of total class redeemed: 11.66% Restricted E Shares; and 11.66%
Restricted F Shares.
(h) Reason for redemption: The 14,000 Restricted E Shares; and the 21,000 Restricted F
Shares did not qualify for reclassification as ordinary shares as the relevant holder left
the employment of AWF before the Qualification Date for those shares. Accordingly, the
Restricted E Shares; and the Restricted F Shares are being redeemed by AWF under
the rules of the Scheme and cancelled.
(i) Authority for redemption: Directors’ resolution dated 27 February 2017.
(j) Terms of redemption: The aggregate redemption price is to be applied by AWF in full
repayment of the loans made by AWF to the relevant holder in respect of their
Restricted A Shares.
(k) Total number of securities of the class in existence after redemption: 106,000 Restricted
E Shares; and 159,000 Restricted F Shares.
(l) Shares to be held as treasury stock: No.
(m) Date of redemption: 28 February 2017.



Contact: David Lazarus, Company Secretary on +64 9 526 8775.