Public Notice of Proposed Amalgamation

Pursuant to section 221(4) of the Companies Act 1993

The boards of STERLING GRACE (NZ) LIMITED and TRUSTEES EXECUTORS HOLDINGS LIMITED give notice of the proposed amalgamation of those companies.

STERLING GRACE (NZ) LIMITED is intended to continue as the amalgamated company.

Copies of the amalgamation proposal are available for inspection by any shareholder or creditor of an amalgamating company, or any person to whom an amalgamating company is under an obligation, during normal business hours at the registered offices of the amalgamating companies at Level 5, 10 Customhouse Quay, Wellington.

Any shareholder or creditor of an amalgamating company, or any person to whom an amalgamating company is under an obligation, is entitled to be supplied free of charge with a copy of the amalgamation proposal upon request to either of the amalgamating companies.

Dated this 26th day of February 2015.

Authorised by:

THE BOARDS OF THE AMALGAMATING COMPANIES.