Issue of shares – Employee Share Scheme & Executive Options

Company Announcement
29 August 2023



Turners has strong take up of employee share scheme

Turners has issued shares under the 2023 Employee Share Scheme. A total 95,305 shares have been
issued representing 0.11% of issued capital.

The company received applications for the 2023 scheme from 37% of the employees within the wider
Turners Automotive Group business.

CEO Todd Hunter said “we are very pleased with the uptake, and between the 2022 scheme and 2023
scheme we now have 48% of our wider team as shareholders in the company. The ownership mindset
combined with our high team engagement levels will be a powerful combination and a strong advantage
for the Turners organisation.”

The scheme provides the opportunity for permanent (part-time and full-time) employees of the business
to invest $1,000 and receive $1,500 worth of shares at the completion of a 3 year vesting period. In order
to encourage broad participation the company also offered a three year interest free loan to acquire the
shares to all staff.


ENDS



About Turners

Turners Automotive Group Limited is an integrated financial services group, primarily operating in the
automotive sector www.turnersautogroup.co.nz

For further information, please contact:

Aaron Saunders, Group Chief Financial officer, Turners Automotive Group Limited, Mob: 027 493 8794
Todd Hunter, Group Chief Executive Officer, Turners Automotive Group Limited, Mob: 021 722 818

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29 August 2023

Exercise of share options
Turners Automotive Group Limited (NZX/ASX: TRA) advise that 55,000 new ordinary shares have been
issued following the exercise of 55,000 share options under the Turners Automotive Group Limited
Option Plan. Following the exercise of the options the number of unlisted share options in the company
has reduced by 55,000 unlisted share options to 750,000 unlisted share options.

ENDS
About Turners
Turners Automotive Group Limited is an integrated financial services group, primarily operating in the
automotive sector www.turnersautogroup.co.nz

For further information, please contact;
Todd Hunter, Chief Executive Officer, Turners Automotive Group Limited Mob: 021 722 818

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Template
Capital Change Notice

Updated as at 17 October 2019

Capital

Section 1: Issuer information
Name of issuer Turners Automotive Group Limited
NZX ticker code TRA
Class of financial product Ordinary shares
ISIN (If unknown, check on NZX website) NZVNLE0001S1
Currency NZD
Section 2: Capital change details
Number issued 150,305
Nominal value (if any) n/a
Issue/acquisition/redemption price per security $3.65
Nature of the payment (for example, cash or other consideration) Cash
Amount paid up (if not in full) n/a
Percentage of total class of Financial Products issued 0.1717%
For an issue of Convertible Financial Products or Options, the
principal terms of Conversion
n/a
Reason for issue/acquisition/redemption and specific authority for
issue/acquisition/redemption/ (the reason for change must be
identified here)
95,305 issue of shares under the
Turners Automotive Group Limited
Employee Share Scheme
55,000 issue of options under the
Turners Automotive Group Limited
Option Plan.
Total number of Financial Products of the Class after the
issue/acquisition/redemption/Conversion (excluding Treasury
Stock) and the total number of Financial Products of the Class held
as Treasury Stock after the issue/acquisition/redemption.
87,516,533
Treasury Stock: nil
In the case of an acquisition of shares, whether those shares are to
be held as treasury stock
n/a
Specific authority for the issue, acquisition, or redemption, including
a reference to the rule pursuant to which the issue, acquisition, or
redemption is made
Board resolutions dated 28 August
2023 and NZX Listing Rule 4.6.1.
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Ordinary shares issued rank pari
passu with existing ordinary shares
Date of issue 28/08/2023
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Barbara Badish
Contact person for this announcement Todd Hunter
Contact phone number 021 722 818
Contact email address Todd.Hunter@turners.co.nz
Date of release through MAP

29/08/2023