Share Purchase Plan

Allied Farmers Ltd
201 Broadway, Stratford, 4332
PO Box 304, Stratford 4352
Phone: 06 765 6199
Web: www.alliedfarmers.co.nz
Email: headoffice@alliedfarmers.co.nz

26 February 2019
Share Purchase Plan and Small Shareholder Sale
Share Purchase Plan
Allied Farmers Limited (Allied) is pleased to offer a Share Purchase Plan to shareholders at a
discount to the current share price.
Allied is also now positioning itself for growth. With a strong financial contribution from New
Zealand Farmers Livestock (NZFL), a substantially reduced cost base, improved balance sheet, and
resumption of dividend payments, Allied is looking for growth opportunities in the New Zealand
agricultural sector. The proceeds raised from the Share Purchase Plan will place Allied in a
stronger position to invest in new opportunities as they arise, and support the continued growth
of NZFL’s business.
In addition, Allied is today also announcing a Small Shareholder Sale (see details below). The
Share Purchase Plan provides an opportunity for holders of less than a Minimum Holding to
increase their shareholding above a Minimum Holding at a discount to the current share price and
without incurring brokerage. Allied can fund the cost of any repurchase from pre- Share Purchase
Plan cash reserves, but without the proceeds of the Share Purchase Plan, less funds would be
available to pursue growth opportunities.
This Share Purchase Plan provides for each Shareholder to apply for up to $15,000 of shares at
$0.073 per share, being a 10% discount to the volume-weighted average price of the Company’s
shares traded on the NZX Main Board over the 10 trading days up to, and including, 25 February
2019. The terms and details of the Share Purchase Plan are set out in the attached documents.
The maximum that can be raised is $1.5million.
The Board appreciates your support over the past few years, and we commend this offer to you
and look forward to your support as we embark on the next phase of the Allied business.
You can obtain more information about Allied and its recent performance by accessing its
financial statements and other disclosures available at www.alliedfarmers.co.nz and
www.nzx.com.
Small Shareholder Sale
Allied appreciates the support of its shareholders, but is aware that it is difficult for many small
shareholders to sell their Allied shares, as they either do not have a share broker, or the cost of
brokerage is disproportionately high relative to the value of their shareholding.

In addition, despite having completed a Small Shareholder Sale in 2016, Allied remains concerned
at the ongoing high cost of maintaining a share register comprising a large number of very small
holdings. Allied also recognises, and has received feedback from a number of small shareholders,
that now Allied has resumed paying dividends, the payment of extremely small dividends to small
shareholders is not cost-efficient or appreciated by those holders, and that they would prefer to
no longer own these shares.
Under Allied’s constitution and the NZX Listing Rules, Allied is permitted to exercise a power of
sale of shares held by any person with less than a Minimum Holding. Appendix 2 to the NZX
Listing Rules prescribes a Minimum Holding of 2,000 shares where the market price of shares
does not exceed 25 cents per share. The Board therefore has decided to sell these shares for a
small charge.
EXAMPLE:
At 8 cents per share, a holder of 2,000 shares only has $160.00 worth of shares, and a holder of
1,000 shares only has only $80.00 worth of shares. As of 22 February 2019, Allied has 2,789
shareholders (52%) with less than a Minimum Holding of 2,000 shares.
In accordance with Section 4 of Allied’s’ constitution and NZX Main Board Listing Rule 8.5, the
Board hereby gives notice to shareholders that at the expiration of three months after this notice,
being 27 May 2019, the Board will, unless shareholders increase their shareholding to more than
2,000 shares, exercise the power of sale of individual holdings of less than 2,000 shares in the
manner described below.
Shareholders with fewer than 2,000 shares will have three months to make a decision in
respect of their small shareholdings by choosing one of the following two options:
Option 1: Do nothing.
After 27 May 2019 a broker, instructed by Allied, will sell your shares through the NZX (or in some
other manner approved by the NZX (which may include Allied repurchasing the shares)) and,
subject to the costs not exceeding the proceeds, you will receive the proceeds from the sale of
your shareholding, less reasonable sale expenses. While the sale expenses will not be certain until
completion of the sale process, it is anticipated that this will be approximately $2.50 per
shareholder. Therefore, if you hold less than $2.50 worth of shares, you are not likely to receive
any proceeds from the sale of your shares. Bank account details can be updated online by visiting
the Link Investor Centre at www.linkmarketservices.co.nz.
It is proposed that:
• The shares will be offered for sale both off market and on the NZX trading platform for a
period of 10 trading days commencing shortly after 27 May 2019 at minimum price
equivalent to the volume weighted average price of Allied’s shares for the 10 business
days preceding 27 May 2019;
• Any shares not sold in the manner described above will be repurchased by Allied at the
volume weighted average price of the shares sold; and
• Any shares repurchased by Allied will be cancelled, thereby reducing the total number of
Allied shares on issue. As such, every remaining Allied shareholder will gain a small
increase in their proportionate equity holding.

Option 2: Increase your shareholding:
Purchase additional shares to increase your holding to more than 2,000 shares. The purchase of
additional shares must be settled prior to 27 May 2019. If you would like to increase your
holding at a discount to the current share price and without incurring brokerage costs, you may
wish to participate in the Share Purchase Plan also announced today. The minimum subscription
for the Share Purchase Plan is $1,000, which, based on the current share price, would mean that
at a minimum you would hold well in excess of 2,000 shares. Please note that you will need to
subscribe for shares under the Share Purchase Plan prior to the closing date of 19 March 2019.
Alternatively you can increase your holding by purchasing additional shares on-market, but in
that case you would incur brokerage costs.

The steps outlined above will further strengthen Allied’s capital structure by lowering its
corporate costs and providing capital for growth, positioning it for further growth.

Yours faithfully,
Allied Farmers Limited

Mark Benseman, Chairman

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TERMS AND CONDITIONS – ALLIED FARMERS LIMITED SHARE PURCHASE PLAN

1. THE OFFER

Allied Farmers Limited (the Company) is implementing a Share Purchase Plan (SPP)
offering all eligible shareholders the opportunity to subscribe for new ordinary shares
(Shares) in the Company in dollar amounts of multiples of $1,000 up to a maximum of
$15,000. Participation in the SPP is optional and is subject to the terms and conditions
detailed below.

2. KEY DATES
Record Date 25 February 2019
Offer Period 26 February 2019 to 5:00 pm on 19 March 2019
Allotment of SPP Shares and
commencement of quotation and
trading on the NZX Main Board
By 26 March 2019
Holding statements sent to
Shareholders

By 1 April 2019
3. ELIGIBILITY

3.1 You may participate in the SPP if you are an eligible shareholder (Eligible
Shareholder).

3.2 An Eligible Shareholder is a person who was registered as a holder of ordinary shares
in the Company at 5.00 pm on the Record Date with an address in New Zealand
recorded on the share register, unless that person holds shares on behalf of another
person who resides outside New Zealand.

3.3 Allowing persons outside of New Zealand to participate may breach the law in those
jurisdictions and meeting the legal requirements of making the offer in other
jurisdictions outside of New Zealand is considered to be unduly onerous. No U.S.
person (as defined in Regulation S under the U.S. Securities Act of 1933) will be an
Eligible Shareholder.

3.4 If you are an Eligible Shareholder (unless you are a Custodian), you will only be entitled
to subscribe for Shares up to a maximum dollar amount of $15,000 even if you receive
more than one SPP entitlement (for example, as a result of holding shares in more
than one capacity).

3.5 Entitlements to participate in the SPP are personal to you. They are not transferable.

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4. PRICE AND NUMBER OF SHARES


4.1 Shares will be priced at $0.073 per share, being a 10% discount to the volume-
weighted average price of the Company’s shares traded on the NZX Main Board over
the 10 trading days up to, and including, 25 February 2019 (Issue Price).

4.2 You may subscribe for a number of Shares for a minimum subscription amount of
$1,000 or such other subscription amount in multiples of $1,000 up to a maximum
subscription amount of $15,000 (Parcel). If you do not participate in the SPP, your
existing shareholding will be diluted. That is, while the number of Shares you hold will
not change, the percentage of the Company that your shares represent will decrease.

4.3 The market price of Shares may rise or fall between the date of this offer and the date
when Shares are allotted to you. As a result, the Issue Price you pay for the Shares
allotted to you pursuant to the SPP may be either higher or lower than the price of the
Shares trading on the NZX Main Board on the date when those Shares are allotted to
you. Therefore, you should seek your own financial advice in relation to this offer and
your participation under the SPP. You will not be able to withdraw or revoke your
application once you have sent it in.

4.4 The Company may issue you fewer Shares than you apply for under the SPP (or none
at all) if the Company:

(a) believes that issuing those Shares would breach any law or any NZX Listing
Rule, or if the Company believes that you are holding shares both directly as a
registered holder and/or through one or more Custodians, or you are holding
shares through two or more Custodians or you will otherwise receive, in
aggregate, Shares having a total issue price of more than $15,000; or

(b) determines, in its discretion, that the amount of Shares subscribed for under
the SPP is too high, and the Company fulfils all applications that are at or below
a number of Shares determined by the directors of the Company at their sole
discretion and scales back applications above that maximum individual
subscription number of Shares on a pro-rata basis (as determined by the
Company). The maximum number of Shares that may be issued by the
Company under this SPP is 20,547,945 equivalent to $1.5 million at the Issue
Price).

4.5 Any application monies (to the extent they relate to Shares not issued to you) will be
refunded to you without interest and sent to you within five business days of the
allotment of the Shares or the intended allotment date.

5. APPLICATION FOR SHARES

5.1 To subscribe for your entitlement to Shares under the SPP, you need only complete
the accompanying application form relating to the SPP (Application Form) in
accordance with the instructions on the Application Form and return the completed
form (together with a cheque if paying by cheque) by the methods described on the
Application Form.

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5.2 To be valid, completed Application Forms and payment must be actually received prior
to 5.00 pm on 19 March 2019. Applications and payment received after that date will
only be accepted at the Company's discretion.

5.3 If the correct amount of application monies is not tendered in New Zealand dollars prior
to 5.00 pm on 19 March 2019, or your payment is subsequently dishonoured or
reversed, the Company reserves the right to reject your application and any allotment
of Shares will be void.

5.4 If an Application Form is incomplete, contains errors or is otherwise defective, the
Company may determine that that Application Form is invalid, in which event the
Application Form will be invalid. Nevertheless, the Company may at any time
determine that an Application Form is valid, even if the Application Form is incomplete,
contains errors or is otherwise defective.

5.5 If the Company believes you are not an Eligible Shareholder or a Custodian, the
Company reserves the right to reject your application.

6. CONSEQUENCES OF SENDING IN AN APPLICATION FORM

6.1 If you apply to participate in the SPP by completing and returning the Application Form:

(a) your application, on these terms and conditions, will be irrevocable and
unconditional (i.e., it cannot be withdrawn);

(b) you certify to the Company that you are an Eligible Shareholder entitled to apply
for Shares and your application complies with these terms and conditions;

(c) you authorise the Company (and its officers or agents) to correct any error in,
or omission from, your Application Form and to complete the Application Form
by the insertion of any missing details;

(d) you acknowledge that the Company may at any time irrevocably determine that
your Application Form is valid, in accordance with these terms and conditions,
even if the Application Form is incomplete, contains errors or is otherwise
defective;

(e) you accept the risk associated with any refund that may be despatched to you
by cheque to your address shown on the Company’s share register;

(f) you agree to indemnify the Company for, and to pay to the Company within five
business days of demand, any dishonour fees or other costs the Company may
incur in presenting a cheque or direct debit for payment which is dishonoured;

(g) you acknowledge that none of the Company, its advisers or agents has
provided you with investment advice or financial product advice, and that none
of them has an obligation to provide advice concerning your decision to apply
for and purchase Shares under the SPP;

(h) you acknowledge the risk that the market price for the Shares may change
between the Record Date, the date you apply for Shares under the SPP and
the Allotment Date. A change in market price during this period will not affect
the Issue Price but may affect the value of the Shares you receive under the
SPP;

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FMA-370048-22-69-1:wu
(i) you acknowledge that the Company is not liable for any exercise of its
discretions referred to in these terms and conditions; and

(j) you irrevocably and unconditionally agree to the terms and conditions and
agree not to do any act or thing which would be contrary to the spirit, intention
or purpose of the SPP.

6.2 If a Custodian applies to purchase Shares under the SPP for a beneficial owner
pursuant to clause 7.2, the certification referred to in clause 6.1(b) will be taken to be
given by the beneficial owner on whose behalf the Custodian is applying to purchase
Shares.

7. CUSTODIANS

7.1 Any Eligible Shareholder:

(a) that:

(i) is a trustee corporation or a nominee company; and

(ii) holds ordinary shares in the Company by reason only of acting for
another person in the ordinary course of business of that trustee
corporation or nominee company; or

(b) that holds ordinary shares by reason only of being a bare trustee of a trust to
which those shares are subject,

is a custodian (Custodian) under the SPP.

7.2 Custodians may apply to purchase Shares for greater than $15,000 but only up to the
total value of shares applied for by each beneficial owner for which the Custodian acts
as a custodian, with each beneficial owner subject to the restrictions on Eligible
Persons. Custodians must confirm to the Company that they are holding shares as a
Custodian for beneficial owners by providing the written certification to the Company
described in clause 7.3 below. Each beneficial owner may only direct the Custodian
to apply on behalf of that beneficial owner for one of the Parcels described in clause
4.2. The Application Form must be accompanied by a schedule specifying the details
of, and the amount applied for by, each beneficial owner.

7.3 If a Custodian applies to purchase Shares on behalf of a beneficial owner, the
Custodian shall provide the information with respect to those beneficial owners set out
in the Application Form, and provide the additional certifications:

(a) that the Custodian holds Shares directly or indirectly as a Custodian for
beneficial owners;

(b) each beneficial owner has instructed the Custodian to apply for the dollar
amount of Shares set out in the Application form for that beneficial owner; and

(c) that the Custodian is not applying for shares with an aggregate application
amount that is more than $15,000 in respect of any beneficial owner for whom
the Custodian acts as a Custodian.

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FMA-370048-22-69-1:wu
8. ROUNDING AND SCALING

8.1 If you apply for Shares under the SPP, you will apply for a dollar amount rather than a
number of Shares. The number of Shares you will receive will be determined by
dividing the dollar amount of Shares you have applied for by the Issue Price, unless
your application has been scaled back in accordance with clause 8.2. If this calculation
does not equal a whole number of Shares the number of Shares allotted to you will be
rounded down to the nearest Share. The Company will retain any differences due to
rounding.

8.2 If the Company receives applications in excess of $1,500,000, it will scale back all
applications in proportion to the value of shares applied for by each applicant to the
extent necessary to reduce the aggregate amount applied for in all applications to the
maximum amount to be raised of $1,500,000 (rounded down, if necessary, to the
nearest multiple of the issue price). If this results in an entitlement to a fractional Share,
the Company will round this down to the nearest whole Share. The difference between
the value of the Shares you are allotted and your application monies will be refunded
to you either by direct credit to your bank account (if those details are held by the
registrar) or by cheque mailed to your registered address in the week following
allotment.

8.3 The Company’s decisions as to scaling and rounding under clause 8.1 and 8.2 is final
and binding on all subscribers for Shares.

9. FURTHER TERMS

9.1 All Shares issued under the SPP will rank equally with existing ordinary shares and
will carry the same voting rights, dividend rights and other entitlements as at the date
of issue.

9.2 If two or more persons are recorded in the share register as jointly holding shares they
are taken to be a single registered holder. A certification in the Application Form by
any of them is taken to be a certification by all of them and constitutes a warranty from
the person signing the certification to the Company and its directors that that person is
authorised to sign the Application Form, and provide that certification, on behalf of the
other joint holder(s).

9.3 The Company may determine, in any manner it thinks fit, any disputes or anomalies
that arise in connection with or by reason of the operation of the SPP (including the
offer of Shares under the SPP, these terms and conditions and the Application Form),
whether generally or in relation to any applicant or application for Shares. The decision
of the Company will be conclusive and binding on all persons to whom the
determination relates.

9.4 The Company may, in its discretion:

(a) make non-material modifications to the SPP or such terms and conditions (in
which applications for Shares under the SPP will remain binding on the
applicant notwithstanding such modification and irrespective of whether an
Application Form was received before or after such modification is made);
and/or

(b) suspend or terminate the SPP at any time prior to issue of the Shares under
the SPP.

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FMA-370048-22-69-1:wu
9.5 Subject to applicable law, the Company may waive compliance with any provision of
the SPP's terms and conditions either generally or in any specific case.

9.6 The Company’s dividend policy is to determine dividends based on its net profit after
tax, subject to maintaining a prudent level of capital for its needs.

9.7 It is a term of this offer that the Company will take any necessary steps to ensure that
the Shares are, immediately after the issue, quoted on the NZX Main Board. The
shares have been accepted for quotation on the NZX Main Board, and it is expected
that the shares will be quoted upon completion of allotment procedures. However,
NZX accepts no responsibility for any statement in this SPP. If for any reason the
Shares are not quoted, any allotments will be void and your application monies will be
returned pursuant to clause 4.5 of this offer.

10. FURTHER INFORMATION

10.1 All information disclosed by the Company pursuant to its continuous disclosure
obligations is available at www.nzx.com.

10.2 You may obtain the Company's most recent annual report and financial statements
from the Company’s website www.alliedfarmers.co.nz .

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Share Purchase Plan (SPP)
Application Form
MJR-370048-22-70-V2:wu
This offer closes at 5.00pm on 19 March 2019. Applications and payment must be received by Link Market Services before this time.

THIS DOCUMENT IS IMPORTANT. If you do not understand it, or have any questions, you should consult your financial adviser.
Please see instructions on the reverse on how to complete this form and where to send it.











APPLICATION FOR SHARES AND PAYMENT
Shares will be priced at $0.073 per share, being a 10% discount to the volume-weighted average price of shares of Allied Farmers Limited (“Allied
Farmers”) traded on the NZX 7 Board over the 10 trading days up to, and including, 25 February 2019. You may subscribe for a number of Shares
for a minimum subscription amount of $1,000 or such other subscription amount in multiples of $1,000 up to a maximum subscription amount of
$15,000. Please indicate the value of the shares you are applying for by ticking the appropriate box, and either complete the direct debit instruction
or attach a cheque payable to “Allied Farmers Limited” as payment for your application.


$1,000 $4,000 $7,000 $10,000 $13,000



$2,000 $5,000 $8,000 $11,000 $14,000



$3,000 $6,000 $9,000 $12,000 $15,000
PAYMENT OPTIONS - PAYMENT CAN BE MADE BY ONE OF THE FOLLOWING OPTIONS
Option 1: DIRECT DEBIT
Direct debits allow Allied Farmers or its agent to deduct money from your bank account for payment of your application. If you wish to make
payment by this method, please complete your account details below. By signing this Form, the signatory agrees that Allied Farmers or its agent
is authorised to direct debit your bank account below for the total amount payable for your application.
NEW ZEALAND DOLLAR BANK ACCOUNT DETAILS FOR DIRECT DEBIT:
Bank Name___________________________________
Name of Account: _______________________________________






0

Option 2: CHEQUE
Please attach your cheque for the total amount payable. Your cheque must be drawn on a New Zealand bank account made payable to "Allied
Farmers Limited” and crossed "Not Transferable”. Your cheque must not be post-dated as it will be banked on the day of receipt. If your cheque
dishonours, your application will be rejected. Your form and cheque should be mailed Link Market Services, PO Box 91976,
Victoria Street West, Auckland 1142
Custodian acting on behalf of one or more beneficial owners you must complete this section.
Please state the number of beneficial owners for whom you act as a Custodian
Please either state the full name(s) of the beneficial owner(s) for whom you act in submitting this Application Form or attach a schedule of full
names of the beneficial owners for whom you act in submitting this Application Form including each beneficial owner’s dollar amount of Shares
applied for.

Please state the total dollar amount of shares that you are applying for on behalf of
beneficial owners under this holding.
EXECUTION

________________________________ _________________________________ ____________________________________
Holder/Director/Authorised Person Holder/Director/Authorised Person Director/Authorised Person

________________________________ _________________________________
Contact Name Mobile or Daytime telephone number

By accepting this offer and applying for Shares, you are providing the certification set out on the reverse side of this form, under the heading
“Certification”. Read that section carefully.

CSN/Holder Number:

Barcode here

Shareholding as at 5pm 25 February 2019:

$

MJR-370048-22-70-V2:wu

INSTRUCTIONS
How to complete this Application Form: Read carefully the
terms and conditions of the Allied Farmers Share Purchase Plan
(SPP) and the information provided with this application form. If
you do not understand the terms and conditions or if you have
any doubts about what to do, please consult your financial
adviser.
1. HOW TO APPLY
• Decide the value of Shares you wish to apply to
purchase. Tick the box corresponding to the parcel you
wish to apply for.
• Do not apply for an amount less than $1,000 and
other than a multiple of $1,000 thereafter.
• Do not apply for more than $15,000 worth of Shares.
• Make one application only, whether personally or
through a Custodian.
• You must pay in New Zealand dollars.
• If paying by cheque, make your cheque payable to
“Allied Farmers Limited”. The date of the cheque should
be the date you fill it in. Do not post-date the cheque.
Cross the cheque “Not Transferable”. Do not forget to
sign the cheque.
• The cheque must be for the same amount as the box
you have checked.
• If you choose the direct debit option, you authorise the
Share Registrar to direct debit the bank account
nominated on the Application Form on any day after the
Application Form is received by the Share Registrar for
the amount applied for on the Application Form. You
cannot specify a direct debit date and you must ensure
that:
a) a New Zealand bank account is supplied and is a
transactional account eligible for direct debit
transactions. Please note that online saving
accounts may not be direct debitable;
b) the bank account details supplied are correct;
c) sufficient funds in the bank account for direct debit
are available on the day the Share Registrar
receives the Application Form;
d) the person(s) giving the direct debit instruction
has/have the authority to operate the account
solely/jointly; and
If you are uncertain, you should contact your bank or
financial institution. Should your direct debit fail, your
application will be rejected. The Share Registrar will not
be able to process your direct debit if you do not sign
and date the Application Form. If requested, the Share
Registrar will provide you with a direct debit authority
form.
• Allied Farmers may at its discretion scale acceptances
as described in the terms and conditions of the SPP,
which may result in you receiving a refund as described
in the SPP.
• By supplying your mobile number you consent that the
Share Registrar can notify you by text message (post
allotment for New Zealand investors only) of any
changes in your holding balance, or if your bank account
details or address on register change, or if a new /
replacement FIN has been requested. This feature
provides additional security to you as an investor.

2. CERTIFICATION
I/We irrevocably apply for the Shares indicated in this form (or
such lesser number of Shares as may be allocated to me/us) on
the terms and conditions set out in this form and the terms and
conditions of the SPP, and agree that:
• By applying for Shares, I/we acknowledge that this form
was distributed with the SPP information containing the
terms and conditions of the SPP dated 26 February
2019 and confirm that I/we have read this form and the
SPP information in their entirety.
• I/we agree to be bound by the terms and conditions of
the SPP, our/my application complies with those terms
and conditions and I/we make the certifications relevant
to me/us set out in those terms and conditions.
•
If l am/we are not a Custodian, I/we certify that:
a) I am/we are Eligible Shareholders for the Shares
under the SPP;
b) this is the only application for Shares under the SPP
submitted by me/us; and
c) no application for Shares under the SPP is being
submitted by a Custodian on my/our behalf.

• If l am/we are completing this form as a Custodian, I/we
certify that:
a) I/we hold Shares directly or indirectly as a Custodian
for beneficial owners;
b) each beneficial owner has instructed me/us to apply
for the dollar amount of Shares set out in the
Application Form for that beneficial owner; and
c) I am/we are not applying for shares with an aggregate
application amount that is more than $15,000 in
respect of any beneficial owner for whom I/we act as
a Custodian.

3. EXECUTION
You should sign this Application Form where indicated.
If a
company is signing, it must be signed on behalf of the company
by a person(s) duly authorised for that purpose. If this
Application Form is signed under a power of attorney, the
attorney certifies that they have been duly authorised by the
shareholder (the Donor) and, at the date of this application form,
the attorney has not received any notice of the revocation of that
appointment by the Donor or otherwise.

4. CONTACT DETAILS
Please complete in your contact name and number, as we may
need to contact you, for example, if you have not filled in this
application form correctly.

5. LODGEMENT INSTRUCTIONS
Post or hand deliver this application form and arrange payment
so that it is received before 5.00pm on 19 March 2019 (unless
extended). You should allow sufficient time for delivery by the
postal service. Application forms and cheques received after the
closing date may not be processed regardless of when they are
postmarked. We have included a reply paid envelope for
your convenience. You may also use a standard envelope,
which should be posted to
Link Market Services Limited, PO Box 91976, Auckland 1142,
or delivered to
Level 11, Deloitte Centre
80 Queen Street
Auckland 1010 New Zealand

Only application with payment by direct debit may be scanned
and emailed or faxed to Link Market Services:
Fax: 09 375 5990
Scan & Email: applications@linkmarketservices.co.nz
(Please use “Allied Farmers SPP” as the
subject of the email)
If you have any questions in relation to the completion of this
form then please contact Link Market Services Limited on (09)
375 5998

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APPENDIX 7 – NZSX Listing Rules
Number of pages including this one
(Please provide any other relevant
NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10. details on additional pages)
For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required.
Full name
of Issue
r
Name of officer authorised to
Authority for event,
make this notice
e.g. Directors' resolution
Contact phone
Contact fax
numbernumberDate
Nature of event
BonusIf ticked,Rights Issue
Tick as appropriateIssuestate whether:Taxable/ Non TaxableConversionInterestRenouncable
Rights IssueCapitalCallDividend
If ticked, stateFull
non-renouncable
✓
change
whether:
InterimYearSpecialDRP Applies
EXISTING securities affected by this
If more than one security is affected by the event, use a separate form.
Description of theISIN
class of securities
If unknown, contact NZX
Details of securities issued pursuant to this eventIf more than one class of security is to be issued, use a separate form for each class.
Description of theISIN
class of securities
If unknown, contact NZX
Number of Securities toMinimum
Ratio, e.g
be issued following eventEntitlement
1 for 2 for
Conversion, Maturity, Call
Treatment of Fractions
Payable or Exercise Date
Tick if
provide an
pari passu
ORexplanation
Strike price per security for any issue in lieu or date
of the
Strike Price available.
ranking
Monies Associated with Event
Dividend payable, Call payable, Exercise price, Conversion price, Redemption price, Application money.
Source of
Amount per securityPayment
(does not include any excluded income
Excluded income per security
(only applicable to listed PIEs)
SupplementaryAmount per security
Currencydividendin dollars and cents
details -
NZSX Listing Rule 7.12.7
Total monies
TaxationAmount per Security in Dollars and cents to six decimal places
In the case of a taxable bonusResident
Imputation Credit
issue state strike priceWithholdin
g Tax(Give details)
Foreign
FDP Credits
Withholdin
g Tax(Give details)
Timing
(Refer Appendix 8 in the NZSX Listing Rules)
Record Date 5pmApplication Date
For calculation of entitlements -Also, Call Payable, Dividend /
Interest Payable, Exercise Date,
Conversion Date.
Notice DateAllotment Date
Entitlement letters, call notices,For the issue of new securities.
conversion notices mailedMust be within 5 business days
of application closing date.
OFFICE USE ONLY
Ex Date:
Commence Quoting RightsSecurity Code:
Cease Quoting Rights 5pm:
Commence Quoting New Securities:Security Code:
Cease Quoting Old Security 5pm:
25 February 201919 March 2019
26 February 201926 March 2019
$$
$
NZ Dollars
Up to $1,500,000
Date Payable
N/A
N/AFractional entitlements rounded down.
Enter N/A if not
applicable
✓
N/A
NZALFE0001S1
Ordinary shares issued under a Share Purchase Plan
NZALFE0001S1
In dollars and cents
Application money
$0.073
(09) 362 70282622019
To be determined.
Ordinary shares
EMAIL: announce@nzx.com
Notice of event affecting securities
1
ALLIED FARMERS LIMITED
ROSS O'NEILLDIRECTORS RESOLUTION