2018 Notice of Annual Meeting

Notice of
Annual Meeting 2018
Level 4, South Stand, Eden Park,
Reimers Avenue, Auckland
Commencing at 10.00 am
Tuesday, 30 October 2018
For shareholders who cannot attend the
Annual Meeting, the Company will be streaming
the meeting online at www.cavcorp.co.nz.
For more information, please see page 15.

Notice is given that the 2018 Annual Meeting
of shareholders (“Annual Meeting”) of Cavalier
Corporation Limited (the “Company”) will be
held at:
Level 4, South Stand,
Eden Park,
Reimers Avenue,
Auckland*
on Tuesday, 30 October 2018, commencing
at 10.00 am.
*For map, please see page 16.
Notice of
Annual Meeting

CAVALIER CORPORATION NOTICE OF ANNUAL MEETING 2018 1
Business
A. Chairman’s introduction
B. Addresses to shareholders
C. Shareholder questions and discussion of
2018 annual report
D. Resolutions
To consider and, if thought fit, to pass the following
ordinary resolutions:
Resolution 1 (Auditor’s remuneration):
That the directors are authorised to fix the fees
and expenses of the auditor, KPMG.
Resolution 2 (Re-election of director):
That Grant Biel, who retires by rotation at the
Annual Meeting and is eligible for re-election,
be re-elected as a director of the Company.
Resolution 3 (Election of director):
That Alan Clarke, who retires at the Annual Meeting
and is eligible for election, be elected as a director
of the Company.
Resolution 4 (Election of director):
That George Adams, who retires at the Annual
Meeting and is eligible for election, be elected
as a director of the Company.
Resolution 5 (Directors’ remuneration):
That the total directors’ fee pool be increased by
$100,000 per annum from $350,000 per annum to
$450,000 per annum (exclusive of GST), being the
aggregate payable to all directors of the Company
for their services as directors of the Company, with
such sum to be divided among the directors as the
Board may from time to time determine.
E. Other business
To consider any other business that may properly
be brought before the Annual Meeting.
By Order of the Board
Victor Tan
Company Secretary
Auckland, New Zealand
26 September 2018

2 CAVALIER CORPORATION NOTICE OF ANNUAL MEETING 2018
Procedural Notes
Voting
In the interests of ensuring that the views of shareholders
are fairly represented, the Chairman of the Annual Meeting
will be calling a poll in relation to all the resolutions to
be put to shareholders at the Annual Meeting so that the
results will be determined on the basis of one vote per
share held.
Persons entitled to vote
For the purposes of voting at the Annual Meeting, only
those shareholders registered as such as at 5.00 pm on
Friday, 26 October 2018 shall be entitled to exercise the
right to vote at the Annual Meeting and only the shares
registered in those shareholders’ names at that time may
be voted at the Annual Meeting.
Directors’ entitlement, and intention, to vote
Pursuant to NZX Main Board Listing Rules, each of the
directors of the Company, including the Chairman, and
their respective associated persons (as defined in the NZX
Main Board Listing Rules) are disqualified from voting
on Resolution 5 – Directors’ remuneration. A director or
associated person who is appointed as a proxy in respect
of Resolution 5 may vote in accordance with the directions
of the shareholder appointing the proxy, but may not
exercise a discretionary vote where specific directions on
how to vote are not given.
Where shareholders appoint the directors of the
Company, including the Chairman, as their proxy and
leave the directors to decide how to cast their votes, the
directors have advised that they intend to vote in favour
of Resolutions 1, 2, 3 and 4.

CAVALIER CORPORATION NOTICE OF ANNUAL MEETING 2018 3
Proxies and corporate representatives
Any shareholder who is entitled to attend and vote at the
Annual Meeting may appoint a proxy (or representative
in the case of a corporate shareholder) to attend and vote
instead of him or her. A proxy need not be a shareholder
of the Company. A shareholder may appoint the Chairman
of the Annual Meeting as his or her proxy if he or she
wishes. To appoint a proxy, shareholders should complete
the relevant sections of the proxy and postal voting form
accompanying this notice of meeting.
A proxy will not be entitled to vote at the Annual
Meeting unless a properly completed proxy and postal
voting form is received at the registered office of
the Company or at the office of the Company’s share
registrar, Computershare Investor Services Limited
(“Computershare”), not later than 10.00 am, Sunday,
28 October 2018.
Postal voting
Shareholders entitled to attend and vote at the Annual
Meeting may cast a postal vote instead of attending in
person or appointing a proxy to attend. Victor Tan, the
Company Secretary has been authorised by the Board
to receive and count postal votes at the Annual Meeting.
To cast a postal vote, shareholders should complete the
relevant sections of the proxy and postal voting form
accompanying the notice of Annual Meeting.
Postal voting forms must be received at the office of
the Company’s share registrar, Computershare, not later
than 10.00 am, Sunday, 28 October 2018.

4 CAVALIER CORPORATION NOTICE OF ANNUAL MEETING 2018
Online proxy appointment and postal voting
Shareholders can elect to lodge their proxy appointment
or postal vote online on the website of the Company’s
share registrar, www.investorvote.co.nz.
Online proxy appointments and postal voting must be
completed not later than 10.00 am, Sunday, 28 October 2018.
To do so, shareholders will need to follow the prompts
online. Shareholders will require their CSN/Securityholder
Number and postcode (if in New Zealand) or country
of residence (if outside New Zealand) and the secure
access control number, all of which can be found on the
proxy and postal voting form accompanying the notice
of meeting.
Alternatively, shareholders can scan the QR code that
appears on their proxy and postal voting form with their
smartphone or tablet and follow the directions provided.
To scan the code shareholders need to have already
downloaded a free QR code reader to their tablet or
smartphone. When scanned, the QR code will take them
directly to the mobile voting site.
Ordinary resolutions
The resolutions to be put to shareholders at the
Annual Meeting are to be considered as separate ordinary
resolutions. To be passed, each of these resolutions
requires the approval of a simple majority of the votes
cast by shareholders entitled to vote and voting at the
Annual Meeting.

CAVALIER CORPORATION NOTICE OF ANNUAL MEETING 2018 5
Shareholder questions
Shareholders present at the Annual Meeting will have the
opportunity to ask questions when invited to during the
Annual Meeting. Alternatively, shareholders can submit
questions ahead of the Annual Meeting by writing to the
Board and submitting it to the Company in the reply-paid
envelope or by email to companysecretary@cavcorp.co.nz.
The Company’s external auditor, KPMG, will be available
at the Annual Meeting to answer questions from
shareholders in respect of the external audit function and
the audit of the financial statements for the year ended
30 June 2018.

6 CAVALIER CORPORATION NOTICE OF ANNUAL MEETING 2018
Explanatory Notes
Resolution 1: Fix the remuneration of the auditor,
KPMG
Section 207T of the Companies Act 1993 provides that a
company’s auditor is automatically re-appointed (unless
there are specific circumstances providing otherwise).
The Company wishes KPMG to continue as its auditor
and KPMG has indicated its willingness to do so.
Section 207S of the Companies Act 1993 states that the
fees and expenses of the auditor are to be fixed by the
Company at the Annual Meeting or in such manner as
the Company determines at the Annual Meeting.
The Board unanimously recommends that, consistent
with past practice, the auditor’s fees and expenses should
be fixed by the directors.
RE-ELECTION OF DIRECTOR
Under NZX Main Board Listing Rule 3.3.11, and in
accordance with the Constitution of the Company, at least
one third, or the number nearest to one third, of the total
number of directors (excluding any director appointed
by the Board in between Annual Meetings) must retire by
rotation at each Annual Meeting of shareholders.
The directors to retire are those who have been longest
in office since their last election or re-election, and if they
are eligible, they may offer themselves for re-election by
shareholders at the Annual Meeting.
Grant Biel is the only director to so retire at this Annual
Meeting. Grant, being eligible for re-election to the Board,
is offering himself for re-election at the Annual Meeting.

CAVALIER CORPORATION NOTICE OF ANNUAL MEETING 2018 7
Resolution 2: Re-election of Grant Biel
Grant Biel B.E. (Mech.)
Appointed: July 1984
Last re-elected: 24 November 2015
Member of the Board’s Audit, Remuneration and
Nomination committees
Grant has been a director of the Company since it was
formed in July 1984, even though his involvement with the
carpet industry and the Company went back much further
than that, with Grant starting in 1964 with the Bremworth
Carpet Company before founding Cavalier Carpets with
Tony Timpson in 1972.
This was followed by the listing of Cavalier Carpets on the
New Zealand Stock Exchange in 1983 and a merger the
following year with another listed company, E Lichtenstein
and Company Limited, to form Cavalier Corporation as we
know it today.
Grant served as an executive director of Cavalier Carpets
and Cavalier Corporation until his retirement in 1995 to
take on his role as a non-executive director.
Grant is a non-independent director because he is an
associate of Rural Aviation (1963) Limited, a substantial
product holder in the Company.
The other directors unanimously support the re-election
of Grant Biel as a director.

8 CAVALIER CORPORATION NOTICE OF ANNUAL MEETING 2018
ELECTION OF DIRECTORS
Under NZX Main Board Listing Rule 3.3.6, and in
accordance with the Constitution of the Company,
directors appointed by the Board in between Annual
Meetings must retire at the next Annual Meeting, and if
they are eligible, they may offer themselves for election
by shareholders at the Annual Meeting.
Alan Clarke and George Adams are the directors to so
retire at this Annual Meeting. Alan and George, being
eligible for election to the Board, are offering themselves
for election at the Annual Meeting.
Resolution 3: Election of Alan Clarke
Alan Clarke B.Sc.(Hons), MBA, CFInstD
Appointed: 1 November 2017
Chairman of the Board and the Board’s Nomination
committee
Member of the Board’s Audit and Remuneration
committees
Alan has been a director of the Company since
1 November 2017.
Alan has extensive governance and strategic experience
as a director of both private and publicly listed companies
in New Zealand and Australia over the last 26 years. He has
held responsibilities as CEO and Managing Director over
that time, formulating and implementing several successful
strategic initiatives. These included change projects at
SGS, a Swiss based multinational, initially in New Zealand
and then Australia in the 1990’s before he returned to
New Zealand to head ElderCare, now Abano Healthcare
Group, and most recently Hellaby Holdings.

CAVALIER CORPORATION NOTICE OF ANNUAL MEETING 2018 9
Alan is currently an independent director of nib NZ,
a health insurance provider, and is Chairman of the
Advisory Board of Intergroup Limited.
Alan is Chartered Fellow of the Institute of Directors
in New Zealand.
The Board has determined that Alan is an independent
director under the NZX Main Board Listing Rules.
The other directors unanimously support the election
of Alan Clarke as a director.
Resolution 4: Election of George Adams
George Adams DipFSA(Hons), FCA, CMInstD
Appointed: 1 June 2018
Member of the Board’s Audit, Remuneration and
Nomination committees
George has been a director of the Company since
1 June 2018.
George brings outstanding commercial and governance
experience from more than 25 years of international
business experience in the fast-moving consumer goods
and telecommunications industries, as well as a strong
background in occupational health and safety.
George was previously Managing Director of Coca-Cola
Amatil New Zealand and Fiji, a role he held for 10 years.
During this time, George also chaired the New Zealand
Food and Grocery Council. Prior to moving to New Zealand
in 2003, George was Finance Director of British Telecom
Northern Ireland and Group Finance Director of Dublin-
based bottling company Molino Beverages.

10 CAVALIER CORPORATION NOTICE OF ANNUAL MEETING 2018
George is currently Chairman of Mix Cosmetics Limited,
Apollo Foods Limited, Insightful Mobility Limited, Nexus
Foams Limited, the Business Leaders Health and Safety
Forum and the Occupational Health Advisory Board, as
well as a director of Tegel Group Holdings Limited.
George is a Fellow of the Institute of Chartered
Accountants in Ireland and a Chartered Member of the
Institute of Directors in New Zealand.
The Board has determined that George is an independent
director under the NZX Main Board Listing Rules.
The other directors unanimously support the election
of George Adams as a director.
Resolution 5: Directors’ remuneration
The maximum remuneration fee pool of $350,000 per
annum payable to the directors of the Company for
their services as directors was last increased 11 years
ago by shareholders at the Annual Meeting held on
8 November 2007.
Under NZX Main Board Listing Rule 3.5.1, the approval
of shareholders is required before the maximum
remuneration fee pool payable to the directors can
be increased.
Current director remuneration is paid in accordance with
the following scale of directors’ fees approved by the Board
in January 2018:
Chairman$112,000 per annum
Other director’s base fee$56,000 per annum
Audit committee chairman$9,000 per annum
Remuneration committee
chairman
$5,000 per annum

CAVALIER CORPORATION NOTICE OF ANNUAL MEETING 2018 11
This scale placed the total directors’ fees payable outside
the $350,000 limit when the directors appointed George
Adams to the Board with effect from 1 June 2018, taking the
total number of directors from five to six and leaving the
Company in a position where it needed to seek:
• shareholder approval of the change to the maximum
directors’ fees payable, either by special meeting or
at the 2018 Annual Meeting of shareholders; or
• a waiver from NZX Main Board Listing Rule 3.5.1 to
the extent shareholder approval is required, so that it
could appoint George Adams in advance of the 2018
Annual Meeting without incurring the cost of holding
a special meeting.
Accordingly, the Company sought and received a waiver
from NZX which allowed the Company to appoint George
Adams and to pay him for his services as a director in
advance of the 2018 Annual Meeting.
George Adams, who was appointed by the Board in June
2018, will ensure a smooth and seamless transition for
the Chair of the Audit committee, with Sarah Haydon,
the current Chair, indicating that she would be retiring
at the conclusion of the Annual Meeting.
The scale of fees referred to above also places the total
directors’ fees payable to the five directors, excluding
Sarah Haydon, at the $350,000 limit previously approved
by the shareholders, leaving no room for further increases
in directors’ fees.
The directors have therefore determined that an increase in
the directors’ total fee pool from the current $350,000 per
annum to $450,000 per annum (excluding GST) be sought.

12 CAVALIER CORPORATION NOTICE OF ANNUAL MEETING 2018
In seeking shareholder approval, the directors have
considered the June 2016 benchmarking of directors’ fees
conducted by PwC, reviewed the updated directors’ fees
paid by those companies in the PwC benchmark group
and sought separate advice.
The increase in the fee pool will enable the Company to:
• remunerate directors at levels commensurate with
the responsibilities placed on, and the performance
commitments expected of, them;
• reflect the significant involvement required of the
directors to ensure the Company’s performance
continues to be sustained and improved;
• retain existing, and in the future to attract high-
calibre, directors in an increasingly competitive
market; and
• move Cavalier’s directors’ fees closer to those in the
PwC benchmark group.
It is envisaged that part of the increase sought will be used
to increase the fees currently payable to the directors with
effect from 1 January 2019 as set out in the table below. The
balance will be available for increases in fees in future years.
ChairmanFrom $112,000 per
annum to $128,100
per annum
Other director’s base feeFrom $56,000 per
annum to $61,000
per annum
Audit committee chairmanFrom $9,000 per
annum to $10,000
per annum
Remuneration committee
chairman
To remain at $5,000
per annum

CAVALIER CORPORATION NOTICE OF ANNUAL MEETING 2018 13
Fee pool proposal
After considering all relevant factors, directors are
therefore seeking approval from shareholders for an
increase in the total fee pool of $100,000 per annum,
taking it from the current $350,000 per annum to
$450,000 per annum (excluding GST).
As stated in the procedural notes at page 2, directors
or their associated persons cannot exercise their own
shareholding votes or discretionary proxy votes on this
resolution at the Annual Meeting.

14 CAVALIER CORPORATION NOTICE OF ANNUAL MEETING 2018
KEY DATES
All times given are New Zealand times
5.00 pm
Friday, 26 October
Record date for determining voting entitlements
at the Annual Meeting of shareholders
10.00 am
Sunday, 28 October
Latest time for receipt of proxy appointments
and postal votes
10.00 am
Tuesday, 30 October
Annual Meeting of shareholders
Important Information

CAVALIER CORPORATION NOTICE OF ANNUAL MEETING 2018 15
Attending the
Annual Meeting online
The Company is holding its first hybrid Annual Meeting so
that shareholders who are unable to make it to the Annual
Meeting in person can still have the opportunity to attend
and participate in the 2018 Annual Meeting online via an
internet connection (using a computer, laptop, tablet or
smartphone) at www.cavcorp.co.nz.
To attend the Annual Meeting online, shareholders will
need to go to www.cavcorp.co.nz to register before the
Annual Meeting.
Audio will stream through the selected device, so
shareholders will need to ensure that they have the
volume control on their headphones or device turned up.
A full replay of the Annual Meeting presentation will be
available at the same link shortly after the conclusion of
the Annual Meeting.
Shareholders attending online will be able to watch the
Annual Meeting, vote on the resolutions to be put to
shareholders and ask questions, by typing their questions
into the textbox within the webcast interface.
Shareholders will require their CSN/Securityholder
Number, which can be found on their proxy and postal
voting form, for verification purposes.

CAVALIER CORPORATION NOTICE OF ANNUAL MEETING 2018 1716 CAVALIER CORPORATION NOTICE OF ANNUAL MEETING 2018
Accessing the venue
• Access to the South Stand, Eden
Park, is via Gate G from Reimers
Avenue (see map above)
• Free parking is available in P5 off
Reimers Avenue

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Proxy and Postal Voting Form
Your secure access information
Control Number: CSN/Securityholder Number:
PLEASE NOTE: You will need your CSN/Securityholder Number and postcode (if inside New Zealand) or country of residence (if outside
New Zealand) to securely access InvestorVote. Then follow the prompts to appoint your proxy and exercise your vote
online.
Lodge your proxy or postal vote
Online
www.investorvote.co.nz
By Mail
Computershare Investor Services Limited
Private Bag 92119, Auckland 1142, New Zealand
By Fax
+64 9 488 8787
For all enquiries contact
+64 9 488 8777
corporateactions@computershare.co.nz
www.investorvote.co.nz
Lodge your proxy or postal vote online, 24 hours a day, 7 days a week:
Smartphone?
Scan the QR code to vote now.
For your proxy appointment or postal vote to be effective it must be received by 10:00 am Sunday 28 October 2018
Notes
You may cast your vote in one of the four ways described below. You may
abstain from voting on one or more of the resolutions.
(a) Online
Lodge your postal vote online at www.investorvote.co.nz.
(b) Casting a postal vote
You may cast a postal vote on one or more of the resolutions by completing the
FOR, AGAINST or ABSTAIN boxes in 'Step 1' overleaf, signing this voting form
and returning it to the share registrar.
(c) Appointing a proxy
You may appoint a proxy to attend the meeting and either direct the proxy as to
how to vote or give the proxy discretion as to how to vote on the resolutions by
completing the FOR, AGAINST, ABSTAIN or PROXY DISCRETION boxes in 'Step 1'
overleaf, completing the appointment of proxy details in 'Step 2' overleaf,
signing this voting form and returning it to the share registrar. Alternatively, you
may appoint your proxy online at www.investorvote.co.nz. A proxy does not
need to be a securityholder of the Company. The chairman of the meeting, or
any other director, is willing to act as proxy for any securityholder who wishes
to appoint him or her for that purpose.
(d) Attending and voting in person
You should bring this voting form to the meeting and hand the attendance slip
to the share registry at the entrance to the meeting.
Signing Instructions for Proxy/Postal Voting Form
Individual
Where the holding is in one name, the shareholder must sign.
Joint Holding
Where the holding is in more than one name, all of the shareholders should
sign.
Power of Attorney
If this form has been signed under a power of attorney, a copy of the power of
attorney (unless already deposited with the Company) and a signed certificate
of non-revocation of the power of attorney must be produced to the Company
with this form.
Companies
This form should be signed by a Director jointly with another Director, or a
Sole Director can sign alone. Please sign in the appropriate place and indicate
the office held.
Voting Restrictions
Resolution 5 - Directors' Remuneration. A director or associated person who
is appointed as a proxy in respect of Resolution 5 may vote in accordance with
the directions of the shareholder appointing the proxy, but may not exercise a
discretionary vote where specific directions on how to vote are not given.
Turn over to complete the form to vote

Voting Instructions/Voting Paper
Signature of Securityholder(s) This section must be completed.
Securityholder 1 Securityholder 2 Securityholder 3
or Sole Director/Director or Director (if more than one)
Contact Name Contact Daytime Telephone Date
SIGN
ATTENDANCE SLIP
STEP 1
Annual General Meeting of Cavalier Corporation Limited to
be held at Level 4, South Stand, Eden Park, Reimers Avenue,
Auckland on Tuesday, 30 October 2018 at 10.00 am
hereby appoint
of
or failing him/herof
as my/our proxy to act generally at the meeting on my/our behalf and to vote in accordance with the directions set out above at the Annual General Meeting of Cavalier
Corporation Limited to be held at Level 4, South Stand, Eden Park, Reimers Avenue, Auckland on Tuesday, 30 October 2018 at 10.00 am and at any adjournment of
that meeting.
I/We being a securityholder/s of Cavalier Corporation Limited
Appointment of Proxy
STEP 2
If you mark any of the PROXY DISCRETION boxes above you must appoint a proxy. This may be the chairman or any director if you so wish. If you
appoint the chairman or any director as your proxy and leave them to decide how to cast your vote, they intend to vote in favour of Resolutions 1, 2,
3 and 4. The Chairman and directors are unable to exercise discretionary votes in regards to Resolution 5.
Please note: Whether or not you are planning to attend the meeting, you may cast a postal vote or appoint a proxy to vote at the meeting.
ForAgainst
Abstain
Proxy
Discretion
Please tick one box for each resolution
Ordinary Business
Resolution 1
Auditor’s remuneration: That the directors are authorised to fix the fees and expenses of the auditor, KPMG.
Resolution 2
Re-election of director: That Grant Biel, who retires by rotation at the Annual Meeting and is eligible for
re-election, be re-elected as a director of the Company.
Resolution 3
Election of director: That Alan Clarke, who retires at the Annual Meeting and is eligible for election, be
elected as a director of the Company.
Resolution 4
Election of director: That George Adams, who retires at the Annual Meeting and is eligible for election, be
elected as a director of the Company.
Resolution 5
Directors’ remuneration: That the total directors’ fee pool be increased by $100,000 per annum from
$350,000 per annum to $450,000 per annum (exclusive of GST), being the aggregate payable to all
directors of the Company for their services as directors of the Company, with such sum to be divided
among the directors as the Board may from time to time determine.

---

CAVALIER CORPORATION LIMITED
2018 Annual Meeting of S
hareholders
10.00 am, Tuesday, 30 October 2018 at Level 4, South Stand, Eden Park, Reimers Avenue, Auckland
RSVP
Shareholders wishing to attend the
annual meeting are kindly requested to complete the section below and return this
form in the reusable reply-paid envelope or by e mail to companysecretary@cavcorp.co.nz by Tuesday, 23 October
2018 to assist with the preparation for the meeting.
QUESTIONS
Shareholders attending the annual meeting can submit questions ahead of the meeting by completing the section below
and submitting this form in the reusable reply-paid envelope or by e mail to companysecretary@cavcorp.co.nz.
Questions should be relevant to shareholders in general and be in respect of matters that relate to the Company.
The Directors will use their best endeavours to respond to as many of the more frequently asked questions as possible at
the meeting and will not be able to write to shareholders individually in response.
Update your information:

Online:
www.investorcentre.com/nz

By Mail:
Computershare Investor Services Limited
Private Bag 92119, Auckland 1142
Enquiries:

Phone: +64 9 488 8777
Fax: +64 9 488 8787
Email: enquiry@computershare.co.nz
Number attending
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CAV
ELECTRONIC COMMUNICATIONS
You can choose to receive communications electronically by entering your email address below and returning this form in
the reusable reply-paid envelope.
Alternatively, visit www.investorcentre.com/nz and log in. Select ‘My profile’ and click on the ‘update’ button on the
communication preferences tile. You will need your CSN or Holder Number and FIN to access Investor Centre and
register your account. On-going you will access this service with your own User ID and Password.
If you have any questions about changing how you receive shareholder communications, please contact Computershare
at 09 488 8777, email: ecomms@computershare.co.nz or write to Computershare at the address above.
Provide your email address here
Please tick this box and enter your email address below if you wish to receive all Cavalier Corporation shareholder
communications electronically. This may include annual and half year reports, transaction statements, payment advices,
meeting documentation and any other company related information which we think are appropriate to be sent
electronically.