Closure of Tauranga Fish Processing Plant

17 August 2020


NZX Continuous Disclosure

Sanford Confirms Closure of Tauranga Fish Processing Plant with the loss of 66 Jobs

New Zealand seafood company Sanford Limited (NZX: SAN) has confirmed the closure of its
Tauranga fish processing plant with the loss of 66 jobs.

The company has confirmed the decision after reviewing feedback from those affected. The closure
has been driven largely by two factors, firstly the impact of COVID-19 has meant Sanford is
processing less fish caught by other companies, which has seen processing volumes for its North
Island sites reduce, and secondly the buildings at the plant do not meet new seismic strength
requirements.

Chief Operating Officer Clement Chia reiterated that even if processing volumes eventually return to
pre-COVID levels, the seismic issues with the buildings and surrounding area mean it is not viable to
continue at the Tauranga site.

“We are very sorry to impact our staff and their families at such a difficult time, particularly when we
have seen the re-emergence of community transmission of COVID-19 in New Zealand with all the
uncertainty this brings. This has been a very difficult decision for us to make, but one we feel is best
to secure our future operations in the North Island. We will ensure that those affected by this
change will have the best support to find alternative employment elsewhere in the Sanford business
and we will be working with local businesses to find local opportunities also.”

Sanford Chief Executive Volker Kuntzsch says Sanford has confirmed that some operations in
Tauranga will continue.

“Landing and unloading will continue at the Tauranga site. We are pleased to still have a presence in
Tauranga, which has been an important base for us. However, we are sorry to say goodbye to many
of our team, including several who have worked for Sanford for three or more decades. We do have
a great team to support them find other opportunities as soon as possible.”



For more information please contact:
Katherine Turner
Chief Financial Officer, Sanford
kturner@sanford.co.nz
021 470 436