In accordance with section 45 of the Takeovers Act 1993, the Takeovers Panel on 6 June 2023 approved the granting of the exemption contained in the Takeovers Code (Fulton Hogan Limited) Exemption Notice 2023.

The exemption and the reasons for granting it may be viewed at:

https://www.takeovers.govt.nz/assets/Exemptions/Takeovers-Code-Fulton-Hogan-Limited-Exemption-Notice-2023.pdf.

Dated at Auckland this 16th day of June 2023.