TLL: Outcome of Voluntary Acquisition Process

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


4 January 2018
Company Announcement

TLL: OUTCOME OF VOLUNTARY ACQUISITION PROCESS

On 6 December 2017, Bowker Holdings 99 Limited (formerly Transport Investments Limited)
(“Bowker Holdings”) and certain other persons (together the “Dominant Owner”) gave notice
pursuant to Rule 51 of the Takeovers Code that, as a result of completion of TLL’s acquisition of
the transport and logistics business and assets of Bowker Holdings and the shares in Global
Logistics Group Limited (formerly TIL Logistics Group Limited) (“Acquisition”) and the allotment of
shares in TLL pursuant to a private placement undertaken by TLL in connection with the
Acquisition, they became, in aggregate, the holders or controllers of more than 90% of the voting
rights in TLL and, accordingly, the dominant owner of TLL.

Pursuant to the Takeovers Code, the Dominant Owner gave notice to all outstanding
shareholders of TLL on 6 December 2017 that they had the right to sell their shares in TLL to the
Dominant Owner. Shareholders had until 11:59 pm on 3 January 2018 to exercise this right and
any shares to be acquired by the Dominant Owner were to be acquired by Bowker Holdings or its
nominee as nominee of the Dominant Owner.

Bowker Holdings has advised TLL that a total of 35 shareholders holding 928 ordinary shares in
aggregate exercised their right to sell their shares in TLL to the Dominant Owner with all such
shares being acquired by Bowker Holdings.

-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.