Seeka settles stage one of T&G Northland Acquisition

30 April 2018

Seeka settles stage one completion of T&G Northland Acquisition

Seeka Limited [NZX:SEK] advises that it has completed stage one completion of the T&G Northland
acquisition including the post-harvest assets and Zespri shares previously owned by Turners and
Growers Horticulture Limited.
The purchase price under stage one completion was $10.486m including the purchase of the
packhouse assets and business and 252,800 Zespri shares at a price of $7.93 each.
All employees previously employed directly in the acquired post-harvest business have been offered
employment by Seeka on terms no less favourable than those on which they were employed prior to
the acquisition.
Stage two completion includes the purchase of the orchard assets and business and any final
adjustments and is set down to occur on 30 June 2018 or, in respect of three properties, after
subdivision of those properties has been completed.
Seeka thanks its advisers, lawyers Harmos Horton Lusk Limited and bankers Westpac New Zealand
Limited and all staff involved in this first stage milestone in this transaction. Seeka also takes this
time to thank the T&G team on the transaction to date.

Ends.

For further information, please contact:
Michael Franks Seeka Chief Executive +6421356516
Stuart McKinstry Seeka Chief Financial Officer +64212215583