Notification of overseas ownership

19 March 2018

Notification of overseas ownership

At the 2017 Annual Shareholders’ Meeting for Scales Corporation Limited (Scales) (NZX:SCL),
shareholders were advised that the Scales Board would provide periodic updates on the estimated
level of overseas ownership in Scales.

The purpose of these updates is to keep shareholders, both current and prospective, aware of the
estimated level of overseas ownership of Scales shares. If this level is 25.0% or more, Scales would
be an ‘overseas person’ under the Overseas Investment Act.

As a reminder to shareholders, the overseas person whose acquisition of Scales shares causes
Scales’ overseas ownership to equal 25.0% or more will be required to obtain Overseas Investment
Office consent for this investment.

The Board can advise that, based on an analysis of the share register in early March, Scales
estimates that the current level of overseas ownership in Scales is 21.66%. Consequently, Scales is
not currently an overseas person.

It should be noted that the information used to assess overseas ownership may not be reliable due to
the inherent limitations in Scales’ ability to accurately assess this level (an issue faced by all widely
held listed companies).

Contact:
Steve Kennelly
Chief Financial Officer
Scales Corporation Limited
+64 3 371 2263 / +64 274 317587

About Scales Corporation
Scales Corporation is a diversified agribusiness group. It comprises three operating divisions:
Horticulture, Storage & Logistics and Food Ingredients. The company’s diverse spread of activities
gives Scales broad exposure to New Zealand’s agribusiness sector. Scales was founded in 1897 as
a shipping business by George Herbert Scales. Today it employs more than 700 staff New Zealand
wide. Find out more at
www.scalescorporation.co.nz