SSH: CYT: SSH Notice (Wairahi Trust and Wairahi Holdings Limited)

22 Mar 2010 9:05 am

CYT 22/03/2010 SSH

REL: 0905 HRS Cynotech Holdings Limited

SSH: CYT: SSH Notice (Wairahi Trust and Wairahi Holdings Limited)

Disclosure of ceasing to have substantial holding

Section 25, Securities Markets Act 1988

To: [NZX] (1)

And: [Cynotech Holdings Limited] (2)

Date this disclosure made:19th March 2010

Date last disclosure made:1st October 2008(3)

Substantial security holder(s) giving disclosure

Name(s): [Michael Walter Daniel Michael Murray Benjamin Nigel Geoffrey Ledgard Burton (trustees Wairahi Trust and Wairahi Holdings Limited] (4)

Contact details: [name of person for queries (if not substantial security holder), and telephone and email details]

Date on which substantial security holder(s) ceased to have substantial holding:19th March 2010

Summary of previous substantial holding to which disclosure relates

Class of listed voting securities: [Ordinary Shares]

Summary for: [Michael Walter Daniel Michael Murray Benjamin Nigel Geoffrey Ledgard Burton (The Wairahi Trust , Wairahi Holdings Limited] (5)

For last disclosure,--

(a) total number held in class: [10594550] (6)

(b) total in class: [99773039] (7)

(c) total percentage held in class: [10.61%] (8)

For current holding after ceasing to have substantial holding:

(a) total number held in class: [13022735] (9)

(b) total in class: [122885996] (10)

(c) total percentage held in class: [10.59%] (11)

Details of transactions and events giving rise to person ceasing to have substantial holding

Details of the transactions or other events requiring disclosure under the instructions to this form:(12) [Acceptance of offer from Cynotech Securities Limited (13)

Additional information

Nature of connection between substantial security holders: [Trustees/Sole Shareholder Wairahi Holdings Limited (15)

Address(es) of substantial security holder(s): [69 Wairahi Road Langs Beach Waipu Northland)]

Name of any other person believed to have given, or believed to be required to give, a disclosure under the Act in relation to the securities to which this disclosure relates: [name]

Declaration

I, [Michael Walter Daniel], declare 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. End CA:00192755 For:CYT Type:SSH Time:2010-03-22:09:05:56

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