AWF Madison Group Notice pursuant to Listing Rule 7.12.1

NZX Main Board and Debt Market - Notice pursuant to Listing Rule 7.12.1

For the purpose of NZX Main Board Listing Rule 7.12.1, AWF Madison Group
Limited advises that the following in respect of the issue of new ordinary shares:
(a) Class of Security and ISIN: Ordinary Shares
NZAWFE0001S8

(b) Number issued: 465,791 shares

(c) Nominal value and issue price: $1.71 per share

(d) Whether payment was in cash: N/A

(e) Any amount paid up: N/A

(f) Principal terms of the Securities (other than for Quoted
Securities):
N/A

(g) Percentage of the total Class of Securities issued: 1.41% of total number of
Ordinary Shares on issue
immediately prior to the issue
of the new shares


(h) Reason for the issue: Dividend Reinvestment Plan
dated 15 June 2018

(i) Specific authority for the issue: Board Resolution dated 26
October 2018

(j) Terms or details of the issue: The new shares will rank
equally with existing fully paid
Ordinary shares

(k) Total number of Securities of the Class in existence after the
issue, acquisition or redemption:
33,423,399

(l) In the case of an acquisition of shares by an Issuer which is a
company registered under the Companies Act 1993, whether
those shares are to be held as Treasury Stock:
N/A

(m) Dates of issue: Issue Date: 3 December 2018


David Lazarus, Group Company Secretary. Phone: 021 449 965