NZXR Share Price Enquiry Into TIL Logistics Group Limited

NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com

24 November 2020

Lee Banks
Chief Financial Officer
TIL Logistics Group Limited

By email: lee.banks@til.kiwi

Dear Lee,

TIL Logistics Group Limited (TLL) – Price Enquiry

We write with respect to the continuous disclosure Listing Rules.

Listing Rule 3.1.1 (”the rule”) is set out in the Schedule attached to this letter. In summary, this
rule requires issuers to immediately disclose any Material Information to NZX Limited (“NZX”).
The rule provides limited exceptions to this obligation. Material Information does not need to be
disclosed where a reasonable person would not expect the information to be disclosed and
where the information is confidential and its confidentiality is maintained and where one of five
safe harbours applies.

The price of TIL Logistics Group Ordinary Shares (“TLL”) has increased from $0.86, being the
market close price on 17 November 2020, to $1.05, being the price as at 12:15pm on 24
November 2020. This represents a total increase of $0.19, or 22.09%.

Given this increase in the price of TLL, please advise NZX whether TIL Logistics Group Limited
continues to comply with Listing Rule 3.1.1.

Could you please provide NZX with an answer to the above question (email:
surveillance@nzx.com) before 9:00am, Wednesday 25 November 2020.

Please provide your response to this letter in “PDF” format, and note that it will be published in
full to the market.


Kind Regards,

Alistair Weekes
Market Surveillance

SCHEDULE

3.1 Disclosure of Material Information
3.1.1 Once an issuer becomes Aware of any Material Information relating to it, the Issuer
must:
a) Promptly and without delay release that Material Information through MAP, and
b) Not disclose any Material Information to the public, any other stock exchanges (except
as provided for in Rule 3.26.2(d)) or any other party without first releasing that Material
Information through MAP.

3.1.2 Rule 3.1.1 does not apply when:
(a) One or more of the following applies:
i) Release of the information would be a breach of the law,
ii) The information concerns an incomplete proposal or negotiation,
iii) The information contains matters of supposition or is insufficiently definite to warrant
disclosure
iv) The information is generated for internal management purposes, or
v) The information is a trade secret,
(b) The information is confidential and its confidentiality is maintained, and
(c) A reasonable person would not expect the information to be disclosed.