TLL: Comment on Bid/Ask Share Price Spread

330 Devon St East, New Plymouth
NEW ZEALAND WIDE | NATIONAL & INTERNATIONAL FREIGHT AND LOGISTICS

8 December 2017
Company Announcement

TLL: Comment on bid/ask share price spread

TIL Logistics Group Limited (NZX:TLL) notes that there is a wide bid-ask spread in TLL’s shares,
following the successful completion this week of TLL’s acquisition of the Transport Investments
Limited business and a $11.51 million private placement to part fund that acquisition.

As previously announced to market, all of the shares issued as part of the acquisition and the
private placement, comprising 99.4% of the TLL shares on issue (after issue), were issued at a
price of $1.50 per share.

TLL encourages people who wish to trade in TLL shares at this stage, while there is a limited
liquidity in the shares, to seek financial advice before doing so.

ENDS

For further information and media assistance, please contact:

Greg Whitham, Chief Financial Officer Jackie Ellis, Media Liaison
Phone: +64 27 471 7120 Phone: + 64 27 246 2505
Email: greg.whitham@til.kiwi Email: jackie@ellisandco.co.nz

About TIL Logistics Group Limited (TLL)

TLL is one of the largest domestic freight and logistics businesses in New Zealand, with a
nationwide network of branches, depots and warehouses. TLL’s activities include transporting and
warehousing freight throughout New Zealand and co-ordinating freight movements offshore with
the assistance of international alliances. TLL also has a specialist road tanker division which is one
of the largest operators in the New Zealand fuel delivery market by road tanker.