MYKCO LIMITED FINALISING AN OFFER/APPOINTED NEW AUDITOR

Mykco Limited
Level 7, 12-26 Swanson Street,
PO Box 1314, Shortland Street,
Auckland, New Zealand. 1140.
Phone +64 9 304 0145
Fax +64 9 358 3858



MYKCO LIMITED FINALISING AN OFFER/APPOINTED NEW AUDITOR


Mykco Limited (Mykco) announces that it is finalising an offer for the shares in Corporate
Holdings Limited (CHL) which it intends making to CHL’s shareholders next week.

The offer is intended:

(aa) To be made on a scrip for scrip basis, i.e. new shares in Mykco would be offered for
existing shares in CHL;
(bb) To be priced based on a net assets value for CHL and a net assets value for Mykco.
It is intended that the offer, should it be accepted, would supersede the potential transaction
announced to the market on 31 March 2017 (with an update on 20 December 2017).

The offer would be conditional upon obtaining all necessary approvals, which would include approval
of Mykco’s shareholders at a special meeting, as well as approvals in relation to CHL’s subsidiary,
General Finance, from the Reserve Bank and General Finance’s supervisor.

At this stage, it is anticipated that 31 May 2018 would be the date for obtaining these approvals,
although the intention would be to try and obtain the approvals earlier.

If the offer is accepted, Mykco will make a further announcement of the main terms of the
agreement and will provide a further update on expected timing.

It is important to note that at this stage an offer has not been made and no agreement has been
reached regarding the offer.

Mykco also advises that it has appointed a new auditor. The new auditor is Staples Rodway
Auckland.

For further information please contact:

Brent King
Chair
Mykco Limited
021 632 660
brent.king@irg.co.nz