Notice pursuant to Listing Rule 7.11.1

Private Bag 3016
Hamilton 3240
New Zealand

0800 651 156
www.lic.co.nz
LIC is the trading name of Livestock Improvement Corporation Limited

NZX Alternative Market - Notice pursuant to Listing Rule 7.11.1

(a) Class of Security and ISIN: NZLICE0001S1

(b) Number issued or acquired: [a] 28,194,194 investment
shares to be reclassified into
ordinary shares

[b] 84,582,582 investment
shares to be allotted and then
reclassified into ordinary shares

[c] 1,334,396 investment
shares held as treasury stock
to be reclassified into ordinary
shares to be held as treasury
stock

[d] 4,003,188 investment
shares to be allotted and then
reclassified into ordinary shares
and to be held as treasury
stock

[e] 7,392,015 fully paid ordinary
shares to be allotted

[f] 22,176,045 nil paid ordinary
shares to be allotted (not
tradeable)

(c) Nominal value and issue price or acquisition price: [a] No nominal value

[b] No nominal value

[c] No nominal value

[d] No nominal value

[e] $1 per share

[f] $1 per share to be paid up
over time as described in the
Notice of Special Meeting and
Explanatory Memorandum
dated February 2018 (Notice
of Meeting)

(d) Whether payment was in cash: [a] N/A

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[b] N/A

[c] N/A

[d] N/A

[e] Yes

[f] To be repaid as described in
the Notice of Meeting

(e) Any amount paid up: [a] Fully Paid

[b] Fully Paid

[c] Fully Paid

[d] Fully Paid

[e] Fully Paid

[f] Nil Paid

(f) Percentage of the total Class of Securities issued or
acquired:
100%

(g) Reason for the issue or acquisition: Share allotment and
reclassification as part of share
simplification

(h) Specific authority for the issue or acquisition: Board resolution dated 18 July
2018

(i) Terms or details of the issue or acquisition: See Notice of Meeting

(j) Total number of Securities of the Class in existence after the
issue or acquisition:
147,682,420 total shares in
existence

120,168,791 total shares listed
on NZAX and available for
trading

5,337,584 fully paid shares to
be held as treasury stock

22,176,045 nil paid ordinary
shares

(k) In the case of an acquisition of shares by an Issuer which is a
company registered under the Companies Act 1993, whether
those shares are to be held as Treasury Stock:
5,337,584 fully paid shares to
be held as treasury stock

(l) Dates of issue or acquisition: 19 July 2018



Gillian Brennan – Company Secretary