ALLOT: DGL: DGL - Issue of Securities

12 Mar 2010 4:12 pm

DGL 12/03/2010 ALLOT

REL: 1612 HRS Delegat's Group Limited

ALLOT: DGL: DGL - Issue of Securities

Delegat's Group Limited advises that it has issued new shares as follows: Class of Security: Ordinary Shares

ISIN: NZDGLE0001S3

Number issued: 150,000 ordinary shares of new shares issued at $2.00, each fully paid.

Payment: The payment of $2.00 was paid in cash on the date of issue

Percentage of total Class of Securities issued: 0.15% (of the total number of ordinary shares on issue post completion of the issue)

Reason for the issue: This allotment relates to the offer of shares referred to in the announcement to the NZX of 2 December 2009. The shares were issued to 2 employees of the DGL group of companies in accordance with the provisions of the Delegat's Group Limited Employee Share Ownership Plan. Consequently, Delegat's Wine Estate Limited, a wholly owned subsidiary of DGL, assisted the 2 employees with the satisfaction of the payment of the issue price for the Shares, by providing a loan facility to the Subscribers for an amount equal to the issue price.

Authority of issue: Listing Rule 8.1.3 and Directors' Resolution.

Terms of issue: The new shares are credited as fully paid, and rank in all respects equally with the shares already on issue. The new shares are restricted in terms of the conditions of the Employee Share Ownership Plan under which they have been issued.

Total number of securities of the Class in existence after the issue: 100,500,000

Date of issue: 12 March 2010

For further information please contact: Andre Gaylard Chief Financial Officer Delegat's Group Limited Telephone 64 9 359 7300 End CA:00192428 For:DGL Type:ALLOT Time:2010-03-12:16:12:15

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