Annual Meeting summary and voting results

26 October 2018
Company Announcement

330 Devon St East, New Plymouth
NEW ZEALAND WIDE | NATIONAL & INTERNATIONAL FREIGHT AND LOGISTICS

TIL LOGISTICS GROUP ANNUAL MEETING SUMMARY AND VOTING RESULTS

TIL Logistics Group Limited (NZX: TLL) today held its first annual meeting since successful
completion of the reverse listing in December last year.

Since that time, the company has put in place a strong management structure and governance
arrangements, expanded its business operations with the acquisition of the Specialised Lifting and
Transport Group, and continued to build its customer base while delivering a significant year on
year uplift in its financial results.

The company is expecting EBITDA for FY19 to be between $28m and $32m, taking into account
the changes in the operating environment as previously advised, additional costs associated with
increased leasing of trucks and the opening of new warehouses, and includes a partial year
contribution from new acquisitions.

Chairman of TIL Logistics, Trevor Janes, said: “TIL Logistics is a company of real substance – its
assets are the sinews of the economy. Business and consumers are always going to need things
moved, stored and shifted. As the economy grows, freight will grow with it.

“With TIL Logistics’ scale, reach and depth of expertise, we can work our assets and networks
more efficiently and keep our costs down. And we can expand by acquisition where it makes
sense and adds long term value. The company has started the year well and we are looking
forward to delivering a year of improved performance and value for our shareholders.”

CEO Alan Pearson commented on the positive outlook for the sector and the company.

“Demand for freight and logistics closely follows GDP, and the Reserve Bank of New Zealand is
forecasting strong GDP growth over the next two years. Freight by road is the primary mode of
transport in New Zealand and we don’t see this changing. What we do expect to see is more
multi-modal transport options, using a mix of transport options such as shipping, rail or road
depending on a customer’s needs.

“Our expertise in the logistics sector means we are well set up to help our customers utilise the
best option for specific freight loads and our national network allows us to offer an end to end
supply chain offer.

“We’ve started the financial year strongly and have identified a number of opportunities to grow
our revenue and margins at a rate higher than the sector generally. The second half of the year
will see us continuing to focus on what we are doing well – growing our businesses, building our
customer base and identifying opportunities to leverage our strengths in the market.”

Cont.

Details of TIL Logistics Group’s annual meeting speeches and presentation are available on the
company website http://www.til.kiwi/investor-centre-menu/shareholder-meetings.html.

Shareholders passed all resolutions at the 2018 Annual Meeting:
1. Authorise Directors to fix the auditor’s remuneration
2. Election of Trevor Janes as a Director
3. Election of James Ramsay as a Director
4. Election of Gregory Kern as a Director
5. Election of Lorrain Witten as a Director
6. Election of Danny Chan as a Director

ENDS

For further information and media assistance, please contact:

Alan Pearson
Chief Executive Officer
Phone: +64 6 7559457
Email: alan.pearson@til.kiwi

Jackie Ellis
Media Liaison
Phone: + 64 27 246 2505
Email: jackie@ellisandco.co.nz

About TIL Logistics Group Limited (TLL)

TLL is one of the largest domestic freight and logistics businesses in New Zealand, with a
nationwide network of branches, depots and warehouses. TLL’s activities include transporting and
warehousing freight throughout New Zealand and co-ordinating freight movements offshore with
the assistance of international alliances. TLL also has a specialist road tanker division which is one
of the largest operators in the New Zealand fuel delivery market.