Disclosure Notice – D&O Relevant Interests

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited
Name of listed issuer:
Freightways Limited
Date this disclosure made:
26 September 2018
Date of last disclosure:
13 September 2017
Full name(s):
Mark Troughear
Name of listed issuer:
Freightways Limited
Name of related body corporate (if applicable):
n/a
Position held in listed issuer:
Chief Executive Officer
Class of affected quoted financial products:
Fully paid ordinary shares
Nature of the affected relevant interest(s):
Beneficial relevant interest
For that relevant interest-
(a) 399,167 fully paid ordinary shares
(b) 2,486 fully paid ordinary shares
(a) 399,167 fully paid ordinary shares
(b) 2,486 fully paid ordinary shares
(a) Mark Troughear (beneficial)
(b) Freightways Trustee Company Limited
(non-beneficial)
Registered holder(s) once transfers are registered:As for current holders above.
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
n/a
Class of underlying financial products:
n/a
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
n/a
A statement as to whether the derivative is cash settled or physically settled:
n/a
Maturity date of the derivative (if any):
n/a
Expiry date of the derivative(if any):
n/a
The price specified in the terms of the derivative (if any):
n/a
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
n/a
For that derivative,-
Parties to the derivative: n/a
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
n/a
Director or senior manager giving disclosure
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Number held in class before acquisition or disposal:
Number held in class after acquisition or disposal:
Current registered holder(s):

Details of transactions giving rise to acquisition or disposal-
Total number of transactions to which notice relates: Two (2)
Details of transactions requiring disclosure-
Date of transaction:26 September 2018
(i) Allocation of 17,016 partly-paid ordinary
shares from the Freightways Senior
Executive Performance Share Plan. These
shares have been paid up to one cent only.
The balance of the $7.56 issue price may
only be fully paid up once performance
hurdles and vesting periods have been met
in accordance with the Plan rules.
(ii) Redemption of 132 partly-paid ordinary
shares by Freightways Limited in
accordance with the PSP Rules. As the
shares had not become eligible to be fully
paid up within 5 years from the date of
issue, Freightways Limited was required by
the PSP Rules to redeem them. These
shares were paid up to one cent only at the
date of issue. The consideration payable by
Freightways Limited upon redemption was
the paid up amount. The partly-paid ordinary
shares were cancelled upon redemption.
Name of any other party or parties to the transaction (if known):Freightways Limited
(i) $170.16
(ii) $1.32
(i) 17,016 partly-paid ordinary shares
(ii) 132 partly-paid ordinary shares
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were aquired or disposed of during a closed period:No
Whether prior written clearance was provided to allow the aquisition or disposal to
proceed during the closed period:
n/a
Date of the prior written clearance (if any):
n/a
The consideration, expressed in New Zealand dollars, paid or recieved for the
acquisition or disposal. If the consideration was not in cash and cannot be readily by
converted into a cash value, describe the consideration:
Number of financial products to which the transaction related:
Nature of transaction:

Class of quoted financial products:
Partly-paid ordinary shares
Nature of relevant interest:Beneficial relevant interest
For that relevant interest,-
Number held in class:
31,442 partly-paid ordinary shares
Current registered holder(s):Mark Troughear
For a derivative relevant interest,-
Type of derivative:n/a
Details of derivative-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
n/a
A statement as to whether the derivative is cash settled or physically settled:
n/a
Maturity date of the derivative (if any):
n/a
Expiry date of the derivative (if any):
n/a
The price's specified terms (if any):
n/a
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
n/a
For that derivative relevant interest,-
Parties to the derivative: n/a
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
n/a
Cerification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
26 September 2018
Name and title of authorised person:
Mark G Royle
Chief Financial Officer
Summary of other relevant interests after acquisition or disposal:

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited
Name of listed issuer:
Freightways Limited
Date this disclosure made:
26 September 2018
Date of last disclosure:
13 September 2017
Full name(s):
Mark Gordon Royle
Name of listed issuer:
Freightways Limited
Name of related body corporate (if applicable):
n/a
Position held in listed issuer:
Chief Financial Officer
Class of affected quoted financial products:
Fully paid ordinary shares
Nature of the affected relevant interest(s):
Non-beneficial relevant interest
For that relevant interest-
Number held in class before acquisition or disposal:173,617 fully paid ordinary shares
Number held in class after acquisition or disposal:173,617 fully paid ordinary shares
Current registered holder(s):
Royle Family Holdings Pty Ltd, as trustee
for the Royle Family Trust, of which Mark
Royle is a beneficiary.
Registered holder(s) once transfers are registered:As for current holder above.
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
n/a
Class of underlying financial products:
n/a
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
n/a
A statement as to whether the derivative is cash settled or physically settled:
n/a
Maturity date of the derivative (if any):
n/a
Expiry date of the derivative(if any):
n/a
The price specified in the terms of the derivative (if any):
n/a
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
n/a
For that derivative,-
Parties to the derivative: n/a
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
n/a
Director or senior manager giving disclosure
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)

Details of transactions giving rise to acquisition or disposal-
Total number of transactions to which notice relates: Two (2)
Details of transactions requiring disclosure-
Date of transaction:26 September 2018
(i) Allocation of 7,740 partly-paid ordinary
shares from the Freightways Senior
Executive Performance Share Plan. These
shares have been paid up to one cent only.
The balance of the $7.56 issue price may
only be fully paid up once performance
hurdles and vesting periods have been met
in accordance with the Plan rules.
(ii) Redemption of 248 partly-paid ordinary
shares by Freightways Limited in
accordance with the PSP Rules. As the
shares had not become eligible to be fully
paid up within 5 years from the date of
issue, Freightways Limited was required by
the PSP Rules to redeem them. These
shares were paid up to one cent only at the
date of issue. The consideration payable by
Freightways Limited upon redemption was
the paid up amount. The partly-paid ordinary
shares were cancelled upon redemption.
Name of any other party or parties to the transaction (if known):Freightways Limited
(i) $77.40
(ii) $2.48
(i) 7,740 partly-paid ordinary shares
(ii) 248 partly-paid ordinary shares
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were aquired or disposed of during a closed period:No
Whether prior written clearance was provided to allow the aquisition or disposal to
proceed during the closed period:
n/a
Date of the prior written clearance (if any):
n/a
The consideration, expressed in New Zealand dollars, paid or recieved for the
acquisition or disposal. If the consideration was not in cash and cannot be readily by
converted into a cash value, describe the consideration:
Number of financial products to which the transaction related:
Nature of transaction:

Class of quoted financial products:
Partly-paid ordinary shares
Nature of relevant interest:Beneficial relevant interest
For that relevant interest,-
Number held in class:
33,283 partly-paid ordinary shares
Current registered holder(s):Mark Royle
For a derivative relevant interest,-
Type of derivative:n/a
Details of derivative-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
n/a
A statement as to whether the derivative is cash settled or physically settled:
n/a
Maturity date of the derivative (if any):
n/a
Expiry date of the derivative (if any):
n/a
The price's specified terms (if any):
n/a
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
n/a
For that derivative relevant interest,-
Parties to the derivative: n/a
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
n/a
Cerification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
26 September 2018
Name and title of authorised person:
Mark G Royle
Chief Financial Officer
Summary of other relevant interests after acquisition or disposal:

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited
Name of listed issuer:
Freightways Limited
Date this disclosure made:
26 September 2018
Date of last disclosure:
13 September 2017
Full name(s):
Steve Wells
Name of listed issuer:
Freightways Limited
Name of related body corporate (if applicable):
n/a
Position held in listed issuer:
General Manager
Class of affected quoted financial products:
Fully paid ordinary shares
Nature of the affected relevant interest(s):
Beneficial relevant interest
For that relevant interest-
(a) 615,616 fully paid ordinary shares
(b) 2,035 fully paid ordinary shares
(a) 615,616 fully paid ordinary shares
(b) 2,352 fully paid ordinary shares
(a) Steve Wells (beneficial)
(b) Freightways Trustee Company Limited
(non-beneficial)
Registered holder(s) once transfers are registered:As for current holders above.
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
n/a
Class of underlying financial products:
n/a
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
n/a
A statement as to whether the derivative is cash settled or physically settled:
n/a
Maturity date of the derivative (if any):
n/a
Expiry date of the derivative(if any):
n/a
The price specified in the terms of the derivative (if any):
n/a
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
n/a
For that derivative,-
Parties to the derivative: n/a
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
n/a
Director or senior manager giving disclosure
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Number held in class before acquisition or disposal:
Number held in class after acquisition or disposal:
Current registered holder(s):

Details of transactions giving rise to acquisition or disposal-
Total number of transactions to which notice relates: Three (3)
Details of transactions requiring disclosure-
Date of transaction:26 September 2018
(i) Allocation of 6,020 partly-paid ordinary
shares from the Freightways Senior
Executive Performance Share Plan. These
shares have been paid up to one cent only.
The balance of the $7.56 issue price may
only be fully paid up once performance
hurdles and vesting periods have been met in
accordance with the Plan rules.
(ii) Allocation of 317 fully paid ordinary
shares from the Freightways Employee Share
Plan. These shares will be held in trust for 3
years by Freightways Trustee Company
Limited in accordance with the Plan rules.
(iii) Redemption of 132 partly-paid ordinary
shares by Freightways Limited in accordance
with the PSP Rules. As the shares had not
become eligible to be fully paid up within 5
years from the date of issue, Freightways
Limited was required by the PSP Rules to
redeem them. These shares were paid up to
one cent only at the date of issue. The
consideration payable by Freightways Limited
upon redemption was the paid up amount.
The partly-paid ordinary shares were
cancelled upon redemption.
Name of any other party or parties to the transaction (if known):Freightways Limited
(i) $60.20
(ii) $2,155.60
(iii) $1.32
(i) 6,020 partly-paid ordinary shares
(ii) 317 fully paid ordinary shares
(iii) 132 partly-paid ordinary shares
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were aquired or disposed of during a closed period:No
Whether prior written clearance was provided to allow the aquisition or disposal to
proceed during the closed period:
n/a
Date of the prior written clearance (if any):
n/a
The consideration, expressed in New Zealand dollars, paid or recieved for the
acquisition or disposal. If the consideration was not in cash and cannot be readily by
converted into a cash value, describe the consideration:
Number of financial products to which the transaction related:
Nature of transaction:

Class of quoted financial products:
Partly-paid ordinary shares
Nature of relevant interest:Beneficial relevant interest
For that relevant interest,-
Number held in class:
20,446 partly-paid ordinary shares
Current registered holder(s):Steve Wells
For a derivative relevant interest,-
Type of derivative:n/a
Details of derivative-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
n/a
A statement as to whether the derivative is cash settled or physically settled:
n/a
Maturity date of the derivative (if any):
n/a
Expiry date of the derivative (if any):
n/a
The price's specified terms (if any):
n/a
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
n/a
For that derivative relevant interest,-
Parties to the derivative: n/a
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
n/a
Cerification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
26 September 2018
Name and title of authorised person:
Mark G Royle
Chief Financial Officer
Summary of other relevant interests after acquisition or disposal:

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited
Name of listed issuer:
Freightways Limited
Date this disclosure made:
26 September 2018
Date of last disclosure:
13 September 2017
Full name(s):
Neil Wilson
Name of listed issuer:
Freightways Limited
Name of related body corporate (if applicable):
n/a
Position held in listed issuer:
General Manager
Class of affected quoted financial products:
Fully paid ordinary shares
Nature of the affected relevant interest(s):
Beneficial relevant interest
For that relevant interest-
(a) 49,628 fully paid ordinary shares
(b) 3,398 fully paid ordinary shares
(a) 49,628 fully paid ordinary shares
(b) 3,715 fully paid ordinary shares
(a) Neil Wilson (beneficial)
(b) Freightways Trustee Company Limited
(non-beneficial)
Registered holder(s) once transfers are registered:As for current holders above.
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
n/a
Class of underlying financial products:
n/a
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
n/a
A statement as to whether the derivative is cash settled or physically settled:
n/a
Maturity date of the derivative (if any):
n/a
Expiry date of the derivative(if any):
n/a
The price specified in the terms of the derivative (if any):
n/a
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
n/a
For that derivative,-
Parties to the derivative: n/a
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
n/a
Director or senior manager giving disclosure
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Number held in class before acquisition or disposal:
Number held in class after acquisition or disposal:
Current registered holder(s):

Details of transactions giving rise to acquisition or disposal-
Total number of transactions to which notice relates: Three (3)
Details of transactions requiring disclosure-
Date of transaction:26 September 2018
(i) Allocation of 5,866 partly-paid ordinary
shares from the Freightways Senior
Executive Performance Share Plan. These
shares have been paid up to one cent only.
The balance of the $7.56 issue price may
only be fully paid up once performance
hurdles and vesting periods have been met
in accordance with the Plan rules.
(ii) Allocation of 317 fully paid ordinary
shares from the Freightways Employee
Share Plan. These shares will be held in
trust for 3 years by Freightways Trustee
Company Limited in accordance with the
Plan rules.
(iii) Redemption of 132 partly-paid ordinary
shares by Freightways Limited in
accordance with the PSP Rules. As the
shares had not become eligible to be fully
paid up within 5 years from the date of
issue, Freightways Limited was required by
the PSP Rules to redeem them. These
shares were paid up to one cent only at the
date of issue. The consideration payable by
Freightways Limited upon redemption was
the paid up amount. The partly-paid ordinary
shares were cancelled upon redemption.
Name of any other party or parties to the transaction (if known):Freightways Limited
(i) $58.66
(ii) $2,155.60
(iii) $1.32
(i) 5,866 partly-paid ordinary shares
(ii) 317 fully paid ordinary shares
(iii) 132 partly-paid ordinary shares
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were aquired or disposed of during a closed period:No
Whether prior written clearance was provided to allow the aquisition or disposal to
proceed during the closed period:
n/a
Date of the prior written clearance (if any):
n/a
Class of quoted financial products:
Partly-paid ordinary shares
Nature of relevant interest:Beneficial relevant interest
For that relevant interest,-
Number held in class:
20,292 partly-paid ordinary shares
Current registered holder(s):Neil Wilson
For a derivative relevant interest,-
Type of derivative:n/a
Summary of other relevant interests after acquisition or disposal:
The consideration, expressed in New Zealand dollars, paid or recieved for the
acquisition or disposal. If the consideration was not in cash and cannot be readily by
converted into a cash value, describe the consideration:
Number of financial products to which the transaction related:
Nature of transaction:

Details of derivative-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
n/a
A statement as to whether the derivative is cash settled or physically settled:
n/a
Maturity date of the derivative (if any):
n/a
Expiry date of the derivative (if any):
n/a
The price's specified terms (if any):
n/a
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
n/a
For that derivative relevant interest,-
Parties to the derivative: n/a
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
n/a
Cerification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
26 September 2018
Name and title of authorised person:
Mark G Royle
Chief Financial Officer

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited
Name of listed issuer:
Freightways Limited
Date this disclosure made:
26 September 2018
Date of last disclosure:
13 September 2017
Full name(s):
Matthew Cocker
Name of listed issuer:
Freightways Limited
Name of related body corporate (if applicable):
n/a
Position held in listed issuer:
Chief Information Officer
Class of affected quoted financial products:
Fully paid ordinary shares
Nature of the affected relevant interest(s):
Beneficial relevant interest
For that relevant interest-
(a) 1,272 fully paid ordinary shares
(b) 331 fully paid ordinary shares
(a) 1,272 fully paid ordinary shares
(b) 648 fully paid ordinary shares
(a) Matthew Cocker (beneficial)
(b) Freightways Trustee Company Limited
(non-beneficial)
Registered holder(s) once transfers are registered:As for current holders above.
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
n/a
Class of underlying financial products:
n/a
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
n/a
A statement as to whether the derivative is cash settled or physically settled:
n/a
Maturity date of the derivative (if any):
n/a
Expiry date of the derivative(if any):
n/a
The price specified in the terms of the derivative (if any):
n/a
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
n/a
For that derivative,-
Parties to the derivative: n/a
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
n/a
Director or senior manager giving disclosure
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Number held in class before acquisition or disposal:
Number held in class after acquisition or disposal:
Current registered holder(s):

Details of transactions giving rise to acquisition or disposal-
Total number of transactions to which notice relates: Two (2)
Details of transactions requiring disclosure-
Date of transaction:26 September 2018
(i) Allocation of 5,318 partly-paid ordinary
shares from the Freightways Senior
Executive Performance Share Plan. These
shares have been paid up to one cent only.
The balance of the $7.56 issue price may
only be fully paid up once performance
hurdles and vesting periods have been met in
accordance with the Plan rules.
(ii) Allocation of 317 fully paid ordinary
shares from the Freightways Employee Share
Plan. These shares will be held in trust for 3
years by Freightways Trustee Company
Limited in accordance with the Plan rules.
Name of any other party or parties to the transaction (if known):Freightways Limited
(i) $53.18
(ii) $2,155.60
(i) 5,318 partly-paid ordinary shares
(ii) 317 fully paid ordinary shares
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were aquired or disposed of during a closed period:No
Whether prior written clearance was provided to allow the aquisition or disposal to
proceed during the closed period:
n/a
Date of the prior written clearance (if any):
n/a
The consideration, expressed in New Zealand dollars, paid or recieved for the
acquisition or disposal. If the consideration was not in cash and cannot be readily by
converted into a cash value, describe the consideration:
Number of financial products to which the transaction related:
Nature of transaction:

Class of quoted financial products:
Partly-paid ordinary shares
Nature of relevant interest:Beneficial relevant interest
For that relevant interest,-
Number held in class:
12,440 partly-paid ordinary shares
Current registered holder(s):Matthew Cocker
For a derivative relevant interest,-
Type of derivative:n/a
Details of derivative-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
n/a
A statement as to whether the derivative is cash settled or physically settled:
n/a
Maturity date of the derivative (if any):
n/a
Expiry date of the derivative (if any):
n/a
The price's specified terms (if any):
n/a
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
n/a
For that derivative relevant interest,-
Parties to the derivative: n/a
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
n/a
Cerification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
26 September 2018
Name and title of authorised person:
Mark G Royle
Chief Financial Officer
Summary of other relevant interests after acquisition or disposal: