SPH Notice – Stewart Trustees

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Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both
Sections 277 and 278, Financial Markets Conduct Act 2013
Note: This form must be completed in accordance with the instructions at the end of the
form.
To NZX Limited
and
To TIL Logistics Group Limited (NZX: TLL)
Relevant event being disclosed: Movement of 1% or more and change in nature of relevant
interest
Date of relevant event: 30 November 2018
Date this disclosure made: 30 November 2018
Date last disclosure made: 10 October 2018
Substantial product holder(s) giving disclosure
Full name(s): Kaylene Stewart, Larry Stewart and SR Taranaki Trustees
Limited (“Stewart Trustees”)
Summary of substantial holding
Class of quoted voting products: Ordinary shares
Summary for Stewart Trustees
For this disclosure,—
(a) total number held in class: 55,938,051
(b) total in class: 85,174,215
(c) total percentage held in class: 65.675%
For last disclosure,—
(a) total number held in class: 65,341,378
(b) total in class: 82,507,548
(c) total percentage held in class: 79.194%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:
On 30 November 2018 Bowker Holdings 99 Limited (“Bowker Holdings”) undertook an in
specie distribution to its shareholders (which include Hooker Bros. Investments Limited and

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Hooker Bros. (1989) Limited (“Hooker Bros. Entities”)) of all of the ordinary shares held
by Bowker Holdings in TIL Logistics Group Limited (“TIL Logistics”). As a result:
a) the Hooker Bros. Entities are now the registered holders of a total of 55,262,522
ordinary shares in TIL Logistics (prior to the in specie distribution the Hooker Bros.
Entities each had a relevant interest in the financial products of TIL Logistics held
by Bowker Holdings as they each have the power to exercise the right to vote
attached to 20% or more of the voting rights of Bowker Holdings);
b) each of the Hooker Bros. Entities’ substantial holding in TIL Logistics has decreased
by more than 1% as they no longer have a relevant interest in all the financial
products of TIL Logistics previously held by Bowker Holdings; and
c) Bowker Holdings no longer holds any ordinary shares in TIL Logistics.

Details after relevant event
Details for Stewart Trustees
Nature of relevant interest(s): Registered holders and beneficial owners
(jointly), in their capacity as trustees of the
LW and KJ Stewart Family Trust, of ordinary
shares in in TIL Logistics
For that relevant interest,—
(a) number held in class: 675,529
(b) percentage held in class: 0.793%
(c) current registered holder(s): No change
(d) registered holder(s) once transfers are registered: No change

Details for: Stewart Trustees
Nature of relevant interest(s): The Stewart Trustees have the power to
exercise the right to vote attached to 20% or
more of the voting rights of each of the
Hooker Bros. Entities in their capacity as
trustees of the LW and KJ Stewart Family
Trust, resulting in the Stewart Trustees
having a relevant interest in the financial
products of TIL Logistics held by each of the
Hooker Bros. Entities.

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For that relevant interest,—
(a) number held in class: 55,262,522
(b) percentage held in class: 64.882%
(c) current registered holder(s): Bowker Holdings
(d) registered holder(s) once transfers are registered: (a) Hooker Bros. Investments:
29,529,277 ordinary shares; (b) Hooker Bros. (1989): 25,733,245 ordinary shares

Additional information
Address(es) of substantial product holder(s): 4 Carlton Terrace, Westown, New Plymouth
4310
Contact details: Larry Stewart, (06) 753 4010, lwstewart1948@gmail.com
Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial
products to which this disclosure relates: TIL Logistics Group Limited; Bowker Holdings 99
Limited; Hooker Bros. Investments Limited; Hooker Bros. (1989) Limited; Gregory Peter
Whitham; Alan Paul Terris; Kevin Garnet Smith; James Ramsay, Nerida Joy Ramsay and
RMY Trustees (2010) Limited
Certification
I, Larry Stewart, 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.