Shares Issued for Senior Executive Share Plan

NZX RELEASE

21 August 2018

FRE ALLOTMENT & APPLICATION FOR QUOTATION OF SECURITIES

Notice from Freightways Limited pursuant to Listing Rule 7.12.1

Pursuant to Listing Rule 7.12.1 please be advised as follows:

(a) Class of Security: Freightways Limited ordinary shares ISIN: NZFREE0001S0

(b) Number of Securities issued: 107,491

(c) Issue price: $7.83 per share (30,539 shares)
$6.82 per share (34,041 shares)
$5.39 per share (37,859 shares)
$5.11 per share (4,236 shares)
$4.12 per share (816 shares)

(d) Payment: Consideration for the issued shares was cash.

(e) Amount paid up: Fully paid.

(f) % of the total class of securities issued: 0.07% of the shares on issue (including these new shares).

(g) Reason for issue: Deemed vesting of partly-paid shares previously allotted to the former
Managing Director in accordance with the terms of the Freightways Senior Executive
Performance Share Plan.

(h) Specific authority for issue: Board resolution.

(i) Terms or details of issue: The issued shares rank equally with other fully paid ordinary shares on
issue.

(j) Total number of securities of the class in existence after the issue: 155,223,437.

(k) Treasury stock (acquisition only): Not applicable.

(l) Date of issue: 21 August 2018

ENDS

For further information please contact
Mark Troughear, Chief Executive Officer, Freightways Limited, +64 9 571 9673