SPH Notice - David (Yusuke) Sena and Tompkins Wake Trustees

302623
3454-7364-1263-V2
1
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To NZX Limited (NZX)
and
To 2 Cheap Cars Group Limited (2CC)
Date this disclosure made: 5 December 2024
Date last disclosure made: 3 October 2023
Date on which substantial holding ceased: 5 December 2024
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 previous substantial holding
Class of quoted voting products: Ordinary shares in 2CC (NZX Code: 2CC)
Summary for the Sena Trustees
For last disclosure,—
(a) total number held in class: 34,586,927
(b) total in class: 45,554,500
(c) total percentage held in class: 75.924%
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 5 December 2024, the
Sena Trustees entered into an agreement with Sena & Co Limited (SCL) pursuant to which
the Sena Trustees transferred all their shares in 2CC to SCL in exchange for an issue of
shares in SCL. Both before and after that transaction, all the shares in SCL were and are
owned by the Sena Trustees. The transaction was undertaken in reliance on Section 25B of
the Takeovers Code (Class Exemptions) Notice (No 2) 2001.
Please also refer to the substantial product holder notice dated 5 December 2024 from
SCL. For clarity, there has been no change in the number of shares in 2CC ultimately
owned by entities associated with David Sena nor any change in the nature of the relevant
interest in such shares.

302623
3454-7364-1263-V2
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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
Nature of connection between substantial product holders: The Sena Trustees were joint
registered holders of ordinary shares in 2CC. 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: Sena & Co Limited
Disclosure has effect for purposes of directors’ and senior managers’ disclosure
David (Yusuke) Sena is also a director of 2CC. 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.