PERFORMANCE SHARE RIGHTS GRANTED UNDER LONG TERM INCENTIVE

2 November 2020

Company Announcement

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


PERFORMANCE SHARE RIGHTS GRANTED UNDER LONG TERM INCENTIVE
PLAN

For the purposes of NZX Listing Rule 3:13:1, TIL Logistics Group Limited (NZX:TLL) advises the
following in connection with a grant of Share Rights under the Company’s Long Term Incentive
Plan:

Class of Security Unlisted Share Rights (“Share Rights”) under the Company’s Long-
Term Incentive Plan (“LTI Plan”)
ISIN: N/A
Number issued: 920,966 Share Rights 297,998 Under the 2019 LTI Plan
622,968 Under the 2020 LTI Plan
Nominal value/
Issue price:
N/A
No consideration is payable for the grant of Share Rights
Payment terms: N/A
Amount paid up: N/A
Principal terms of the
Securities (other than for
Quoted Securities)
The Share Rights are subject to a vesting period of 3 years.
The vesting is subject to certain performance hurdles.
The number which actually vest will be dependent on the relative
ranking of TIL Logistics Group Limited total shareholder returns
against the NZX 50 over the same period.
Percentage total of class of
securities:
100% of the unexpired Share Rights previously issued
Reason for issue: To incentivise senior executives and align with shareholders
Specific authority for issue: Directors’ resolutions dated 23 September 2020 and acceptance of
offers made subsequently pursuant to such approval.
Terms or details of issue: The Share Rights will be issued on the terms of the TIL Logistics
Group Limited LTI Plan in the form approved by the Board.
Total number of securities
after issue:
920,966 Share Rights. The Share Rights are not quoted on NZX
Treasury Stock Not applicable
Date of grant Commencement Date – 1 July 2019 (2019 LTI Plan)
Commencement Date – 1 July 2020 (2020 LTI Plan)

Date of issue: 2 November 2020

ENDS

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


For further information and media assistance, please contact:

Charles Bolt
Company Secretary
Phone - 021 889 533 |
Email – Charles.Bolt@til.kiwi

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.