FWL Notice of 2024 Annual Meeting of Shareholders

Foley Wines Limited Page 1 Notice of Annual Meeting

16 September 2024

NOTICE IS HEREBY GIVEN that the 2024 Annual Meeting of Shareholders of Foley Wines
Limited will be held at:

Venue: Offices of MUFG Pensions & Market Services (formerly Link Market Services),
Level 30, PwC Tower (Commercial Bay), 15 Customs Street West, Auckland.

Time: Friday, 18 October 2024, commencing at 10.30am.

AGENDA:

The agenda for the meeting is as follows:

1. Chairman’s Introduction

2. Chief Executive’s Presentation

3. 2024 Financial Report

4. Shareholder Questions

5. Ordinary Resolutions:
To consider, and if thought fit, to pass the following ordinary resolutions, requiring a simple
majority of votes by those shareholders entitled to vote and voting:

5.1 Auditor (note 1):
Resolution 1: That the Board be authorised to determine the auditor’s fees and expenses for
the 2025 financial year.

5.2 Election of Directors (note 2):
5.2.1 Resolution 2: To re-elect Anthony Anselmi as a Director of Foley Wines Limited.
5.2.2 Resolution 3: To re-elect Paul Brock as a Director of Foley Wines Limited.

6. General Business: To consider any other business that may be properly brought before the
meeting.

All resolutions to be put to the meeting are discussed in the Explanatory Notes attached.

PROXIES
➢ A Voting/Proxy form is attached for your use. Refer to the Final Section on the Notes for
instructions for completing the Voting/Proxy form. Please deliver the completed proxy to the
Company by 10.30 am on Wednesday 16 October 2024.

For administrative and venue confirmation purposes, we would appreciate if you could please RSVP
by Monday 30 September 2024 to Sara on 03 572 8200 or email admin@foleywines.co.nz. Thank
you.

Foley Wines Limited Page 2 Notice of Annual Meeting
NOTES TO THE AGENDA

Note 1 – Auditor: Resolution 1

Deloitte Limited (Deloitte) is the current auditor of Foley Wines Limited. The Companies Act 1993
provides that a company’s auditor is automatically reappointed unless the shareholders resolve to
appoint a replacement auditor, or there is another reason for the auditor not to be reappointed.

Section 207S of the Companies Act 1993 further provides that the auditors’ fees and expenses must
be fixed by the Company, or in the manner that the Company determines at a shareholders’ meeting.

Shareholders are being asked to resolve that the Board is authorised to fix the fees and expenses of
Deloitte for the current year.

Note 2 - Election of Directors: Resolutions 2-3

Paul Brock retires by rotation in accordance with NZX Listing Rule 2.7.1. Paul has confirmed that
he is available for re-election.

In accordance with clause 10.9 of the Company’s Constitution Tony Anselmi, being a Non-executive
director who has served longer than nine years, is subject to annual re-election. Tony has confirmed
that he is available for re-election.

Biographies:

Paul Brock (Independent Chairman – Non-Executive Independent Director)

Paul Brock was appointed to the Board with effect from 1 November 2018 and was appointed
Deputy Chairman from that date. Paul was appointed Chairman of the Board on 1 April 2023
following the resignation of William P Foley II as Chairman of the Board on 31 March 2023.

Paul Brock was the Kiwibank Group Chief Executive from 2010-2017. He was Co-Founder of the
bank which was launched in 2002. As Group Chief Executive Paul led the Kiwibank Group through
a period of rapid growth and diversification into business banking, wealth management, insurance
and asset finance. The bank is now a major player in the New Zealand market with one in four New
Zealanders holding an account with Kiwibank.

Paul has a strong background in governance, management, growth business development, brand
development and marketing. An extensive background in the financial services industry has also
included senior management positions with Westpac and Trust Bank. Paul has been Chairman of
Gareth Morgan Investments Ltd and Kiwibank Investment Management Ltd and the Massey
University Business School Advisory Board. He has also been a Director of Kiwi Insurance Ltd,
New Zealand Home Loans Ltd, Kiwibank Custodial Services Ltd, AMP Home Loans Ltd, Kiwi
Capital Securities Ltd, Kiwi Capital Funding Ltd Kiwi Wealth Management Ltd and Cigna Life
Insurance New Zealand Ltd.

Paul is currently Chair of the board of the New Zealand Story Group, a country reputation
programme to enhance the New Zealand brand and increase the benefits to New Zealand from export
trade, Chair of Tourism New Zealand, Chair of the Innovation Programme for Tourism Recovery,
Chair of Chubb Life Insurance New Zealand and a Director of Southern Sky Dairies Ltd. He is also
a Council Member of Massey University.

Paul holds a Bachelors degree in Business Studies from Massey University.

Paul has advised that he is also a Director of the following entities:
StratX Limited (Director)
New Zealand Story Group (Chair)
Chubb Life Insurance New Zealand Limited (Chair)
Tourism New Zealand (Chair)
Southern Sky Dairies Limited (Director)

Foley Wines Limited Page 3 Notice of Annual Meeting
Tussock Creek Dairies Limited (Director)
Riversdale Dairies Limited (Director)
North South Farms Limited (Director)
Owaka Dairies Limited (Director)
Five Rivers Dairies Limited (Director)
Mount Bee Dairies Limited (Director)
Ten K Dairies Limited (Director)
Two Rivers Dairies Limited (Director)

The Board have determined that Paul Brock is an Independent Director in accordance with the NZX
Listing Rules.

Anthony Anselmi O.B.E. (Non-Executive Independent Director)

Anthony Anselmi (Tony) was appointed to the Board in September 2012 and is a member of the
Audit and Risk Committee. Tony’s business career began in footwear retail in his late teens, and
today the family-owned business owns and operates retail stores throughout New Zealand and in the
State of Victoria, Australia. Tony developed a manufacturing plant in TeKuiti which supplied
footwear to retailer throughout New Zealand. The land containing the factory buildings is now being
redeveloped by Tony, into a new housing precinct. Tony has had considerable experience in
farmland development and dry stock and dairy farming. Tony was a director of the State-Owned
Enterprise Forestry Corporation until it was sold by the Government and Inframax a Local Authority
Trading Enterprise. He was for a period Chairman of the New Zealand Footwear Manufacturers
Federation and the King Country Regional Development Council.

Tony has invested with Bill Foley in Foley Holdings New Zealand since 2009.

Tony has advised that he is also a Director of the following entities:
Fabia Overland Holdings Company Limited
Fabia Products Limited
New Zealand Abalone Limited
William & Monica Anselmi Memorial Family Trust Company Limited

The Board have determined that Tony Anselmi is an Independent Director in accordance with the
NZX Listing Rules.

Nominations for Directors closed at 5.00 pm on Tuesday 27 August 2024.

No further Nominations were received.

Important Information: General Note Applicable to All Resolutions requiring Votes at the
Annual Meeting

Pursuant to section 125 of the Companies Act 1993, the Board has determined that, for the purposes of
voting at the Annual Meeting, only those registered shareholders of the Company as at 10.30 am on
Wednesday 16 October 2024, being a day not more than 20 working days before the meeting, shall be
entitled to exercise the right to vote at the meeting either in person or by appointing a proxy to attend
and vote instead of that shareholder.

Voting will be conducted by way of a poll.

You may vote
1. By Attending. You should bring the Voting/Proxy Form (included with this Notice) with you
since voting will be by way of a poll.
2. By Proxy. If you do not plan to attend, you can appoint a proxy to vote for you.

A Voting/Proxy Form is included with this Notice of Annual Meeting which allows you to vote either
for, against, or abstain from, the resolutions notified in this Notice of Meeting.

Any shareholder of the Company, who is entitled to attend and vote at the Annual Meeting, is entitled

Foley Wines Limited Page 4 Notice of Annual Meeting
to appoint a proxy to attend the meeting and vote on his or her behalf. A proxy need not be a shareholder
of the Company.

If you appoint a proxy, you may either direct your proxy how to vote for you, or you may give the proxy
discretion to vote as he or she sees fit. If you wish to give your proxy discretion then you should make
the appropriate election on the Proxy Form, to grant your proxy that discretion.

You will be deemed to have given your proxy discretion if you do not make an election in relation to
any of resolutions 1 to 3.

The Chairman of the meeting is willing to act as proxy for any shareholder who appoints him or her for
that purpose.

The Chair of the meeting and the Directors intend to vote all undirected proxies in favour of the
resolutions. The Chairman and any Directors appointed as proxy will vote any discretionary proxies in
favour of resolutions 1 to 3.

If your named proxy does not attend the meeting, or if the proxy is not named but the proxy form is
otherwise completed, the Chairman of the meeting will act as your proxy and may only vote in
accordance with your express instruction.

To be valid, a completed Voting/Proxy Form must be returned by no later than 10.30 am on
Wednesday 16 October 2024. Any Voting/Proxy Form received after that time will not be valid for
the Annual Meeting.

You may return your completed Voting/Proxy Form by:
• Delivering it in person to FWL Head Office, Grove Mill, 13 Waihopai Valley Road, Blenheim;
• Scan and email (please use “FWL Proxy” as the subject of your email) to
admin@foleywines.co.nz; or
• Return the Voting/Proxy Form by mail to Foley Wines Ltd, Attn: Jane Trought, PO Box 67,
Renwick 7243, New Zealand.

Results of the voting will be posted on the NZX website and the Company’s website following the
conclusion of the Annual Meeting and finalisation of the voting results.

The Company’s external auditors, Deloitte, will be available at the meeting to answer any questions
from Shareholders relevant to the external audit.

Shareholders not yet receiving Shareholder Offers, please email: marketing@foleywines.co.nz


By Order of the Board of Directors



Jane Trought
Chief Financial Officer
Foley Wines Limited
16 September 2024.

Directions for the Meeting Venue:
The venue for the meeting is located in the PwC Tower which is part of the Commercial Bay precinct
in the Auckland CBD. On arrival in the SkyLobby via the entry on Customs Street West, please select
the lift to Level 30 to access the meeting venue at MUFG’s offices. The building is easily accessed from
Britomart and the ferry terminal if you are arriving on public transport. There are also public
carparking options available, including the Downtown carpark (closest) and Britomart carpark (short
walk).

Foley Wines Limited, 13 Waihopai Valley Road, RD6 Blenheim 7276, Marlborough, New Zealand.
PO Box 67, Renwick 7243, New Zealand.
p. +64.3.572.8200 f. +64.3.572.8211 e. admin@foleywines.co.nz w. www.foleywines.co.nz

VOTING/PROXY FORM

[Shareholder Mailing Name] CSN/Shareholder No: [CSN]
[Address]
[Address]
[Address] No Shares: [Holding]


To: Foley Wines Limited
PO Box 67
Renwick 7243

I/We <SHAREHOLDER FULL NAME>
of <ADDRESS>
being a shareholder of Foley Wines Limited

HEREBY APPOINT ________________________________________________
[print name of proxy]

of ______________________________________________________________

or failing him/her ___________________________ of ______________________

as my/our proxy to vote on my/our behalf as directed below and on any other matter to be put to the
Annual Meeting of Shareholders of the Company to be held on Friday 18 October 2024 commencing
at 10.30 am and at any adjournment thereof.

I/we direct my/our proxy to vote in the following manner:
Vote with a tick

Ordinary Resolution: For Against Abstain Discretion

1. Auditors (note 1):
“THAT the Board be authorised to determine the auditor’s fees and expenses for the 2025 financial
year.”

2. Directors Elections (note 2):
“TO re-elect Anthony Anselmi as a Director of Foley Wines Limited.”

3. Directors Elections (note 2):
“TO elect Paul Brock as a Director of Foley Wines Limited.”

Foley Wines Limited Page 2 AGM Voting/Proxy Form
Signed this ______________ day of _______________________ 2024.





_________________________ ________________________
Signature of Shareholder Signature of Shareholder

All co-shareholders must sign.


If you are unable to attend the meeting and wish to vote, please return the completed form to the Foley Wines
Limited Head Office located at 13 Waihopai Valley Rd, RD6, Blenheim, by post to Foley Wines Limited, PO
Box 67, Renwick 7243, email to admin@foleywines.co.nz, or fax to 03 5728211 by 10.30am Wednesday 16
October 2024.

Please note: To be valid, a completed Proxy Form must be received at the address noted above by no later than
10.30am Wednesday 16 October 2024, being 48 hours prior to the commencement of the meeting. Any Proxy Form
received after that time will not be valid for the meeting.

There are no voting restrictions on resolutions 1 to 3. If your named proxy does not attend the meeting, or if the proxy
is not named but the proxy form is otherwise completed, the Chairman of the meeting will act as your proxy and may
only vote in accordance with your express instruction.