SPH Notice – David Sena

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Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To NZX Limited (NZX)
and
To NZ Automotive Investments Limited (NZAI)
Date this disclosure made: 8 July 2022
Date last disclosure made: 10 February 2022
Date on which substantial holding ceased: 8 July 2022
Substantial product holder(s) giving disclosure
Full name(s): David (Yusuke) Sena and TLR (Sena) Trustee Service No.2 Limited (as
trustees of the Sena Family Trust) (together, the Sena Trustees)
Summary of previous substantial holding
Class of quoted voting products: Ordinary shares in NZAI (NZX Code: NZA)
Summary for the Sena Trustees
For last disclosure,—
(a) total number held in class: 27,399,233
(b) total in class: 45,554,500
(c) total percentage held in class: 60.146%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 0
(b) total in class: 45,554,500
(c) total percentage held in class: 0.000%
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure: On 8 July 2022, TLR (Sena)
Trustee Service No.2 Limited (Retiring Trustee) retired as a trustee of the Sena Family
Trust pursuant to a deed of variation and retirement of trustee and appointment of new
trustee of the Sena Family Trust (the Deed of Variation, Retirement and
Appointment). Under the Deed of Variation, Retirement and Appointment, Tompkins
Wake Trustees 2022 Limited (the New Trustee) was appointed as a trustee of the Sena
Trust. The Retiring Trustee has ceased to have and the New Trustee has begun to have, in
each case in its capacity as trustee of the Sena Family Trust, a substantial holding in NZAI.
Please also refer to the substantial product holder notice dated 8 July 2022 from David
(Yusuke) Sena and the New Trustee. For clarity, there has been no change in the number
of shares in NZAI beneficially held for the Sena Family Trust nor any change in the nature
of the relevant interest in such shares.

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Additional information
Address(es) of substantial product holder(s): Level 4, 4 Graham Street, Auckland, 1010,
New Zealand
Contact details: David (Yusuke) Sena | +64 21 0224 5680 | david@2cheapcars.co.nz
Nature of connection between substantial product holders: The Sena Trustees were joint
registered holders of ordinary shares in NZAI. David (Yusuke) Sena is also a beneficial
owner of those jointly held shares.
Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial
products to which this disclosure relates: from David (Yusuke) Sena and Tompkins Wake
Trustees 2022 Limited (as trustees of the Sena Family Trust); Tracy Rowsell
Disclosure has effect for purposes of directors’ and senior managers’ disclosure
David (Yusuke) Sena is also a director of NZAI. This disclosure also constitutes disclosure
for the purposes of the directors’ and senior managers’ disclosure obligations.
Certification
I, David (Yusuke) Sena, certify that, to the best of my knowledge and belief, the
information contained in this disclosure is correct and that I am duly authorised to make
this disclosure by all persons for whom it is made.