SPH Notice – David Sena

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Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both
Sections 277 and 278, Financial Markets Conduct Act 2013
To NZX Limited (NZX)
and
To NZ Automotive Investments Limited (NZAI)
Relevant event being disclosed: Movement of 1% or more in the substantial holding(s)
Date of relevant event: 1 April 2023
Date this disclosure made: 31 May 2023
Date last disclosure made: 8 July 2022
Substantial product holder(s) giving disclosure
Full name(s): David (Yusuke) Sena and Tompkins Wake Trustees 2022 Limited (as trustees
of the Sena Family Trust) (together, the Sena Trustees)
Summary of substantial holding
Class of quoted voting products: Ordinary shares in NZAI (NZX Code: NZA)
Summary for the Sena Trustees
For this disclosure,—
(a) total number held in class: 20,906,993
(b) total in class: 45,554,500
(c) total percentage held in class: 45.894%
For last disclosure,—
(a) total number held in class: 27,199,233
(b) total in class: 45,554,500
(c) total percentage held in class: 59.707%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:
The Sena Trustees are joint registered holders of 20,906,993 ordinary shares in NZAI.
David (Yusuke) Sena is also a beneficial owner of those jointly held shares. The Sena
Trustees previously had a relevant interest in shares in NZAI held by Eugene Williams and
TLR Williams Trustee Company Limited as trustees of the E & Co Trust (the Williams
Trustees) which were subject to trading arrangements agreed in the Sale Process Deed
dated 15 February 2021 (Sale Process Deed) entered into between the parties (a copy of
the Sale Process Deed is attached to the substantial product holder notice for the Sena
Trustees dated 25 February 2021). Those trading arrangements expired on 1 April 2023, in

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accordance with the terms of the Sale Process Deed, such that on and from 1 April 2023
the Sena Trustees no longer had a relevant interest in any shares in NZAI held by the
Williams Trustees.

Details after relevant event
Details for the Sena Trustees
Nature of relevant interest(s): The Sena Trustees are joint registered holders of
20,906,993 ordinary shares in NZAI. David (Yusuke) Sena is also a beneficial owner of
those jointly held shares.
For that relevant interest,—
(a) number held in class: 20,906,993
(b) percentage held in class: 45.894%
(c) current registered holder(s): David (Yusuke) Sena and Tompkins Wake Trustees
2022 Limited
(d) registered holder(s) once transfers are registered: Not applicable
For a derivative relevant interest, also—
(a) type of derivative: Not applicable
(b) details of derivative: Not applicable
(c) parties to the derivative: Not applicable
(d) if the substantial product holder is not a party to the derivative, the nature of
the relevant interest in the derivative: Not applicable
Additional information
Address(es) of substantial product holder(s): 5 Harvey Place, St Heliers, Auckland, 1071,
New Zealand
Contact details: David (Yusuke) Sena | +64 21 0224 5680 | david@2cheapcars.co.nz
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: Williams Trustees
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.