Overseas Investment Act Notification

27 April 2018

Overseas Investment Act Notification
At the date of this announcement overseas persons hold approximately 24.5% of Seeka’s shares,
meaning that Seeka is not an “overseas person” under the Overseas Investment Act 2005 (“Act”).
However, if at any stage overseas persons in aggregate come to hold 25% or more of Seeka’s shares,
Seeka will become an overseas person under the Act. This could have a significant and negative
impact on Seeka’s ability to undertake its business in the desired manner.
The Board of Seeka puts current and prospective Seeka shareholders on notice that:
a) Seeka has significant interests in “sensitive land”, including “farmland”, as those terms are
defined in the Act;
b) before an overseas person acquires Seeka shares sufficient to make Seeka an overseas
person it is required under the Act to first apply for approval (including paying applicable
fees), and it is possible that consent will not be granted;
c) it is an offence under the Act to give effect to an overseas investment without obtaining the
approval required under the Act. A person who is convicted of an offence under the Act is
liable for a significant fine or, in the case of individuals, imprisonment; and
d) if at any time an overseas person acquires Seeka shares sufficient to make Seeka an overseas
person without approval under the Act, the overseas person may be required to apply for
retrospective approval (including paying applicable fees) and may be required to pay an
administrative penalty. It is also possible that retrospective approval will not be granted.
Any overseas person that wants to acquire Seeka shares is encouraged to contact Seeka directly
before acquiring any Seeka shares. Seeka’s contact details are as follows:
Seeka Limited
34 Young Road
Te Puke
New Zealand
Email: michael.franks@seeka.co.nz
Phone: +64 7 573 0303
Facsimile: +64 7 573 9831
Ends:
For further information please contact:
Michael Franks Seeka Chief Executive 021356516
Stuart McKinstry Seeka Chief Financial Officer 0212215583