Turners continues to have strong take up of employee share

Company Announcement
26 August 2024



Turners continues to have strong take up of employee share scheme

Turners has issued shares under the 2024 Employee Share Scheme.

CEO Todd Hunter said “we are very pleased with the uptake, and between the 2022, 2023 and 2024
schemes we now have 53% of our wider team as shareholders in the company. The ownership mindset
combined with our high team engagement levels continues to be a powerful combination and a strong
advantage for the Turners organisation.”

Employees have applied for 91,388 shares and after utilising shares already owned by the Employee
Share Scheme a total of 70,352 shares have been issued representing 0.08% of issued capital.

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 3-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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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 70,352
Nominal value (if any) n/a
Issue/acquisition/redemption price per security $4.40
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 0.08%
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)
70,352 issue of shares under the
Turners Automotive Group Limited
Employee Share Scheme.
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.
88,976,814

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 21 August
2024 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 26/08/2024
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 26/08/2024