SSH: DIL: SSH (B. Henry and K. Borg Living Trust)

7 May 2010 2:00 pm

DIL 07/05/2010 SSH

REL: 1400 HRS Diligent Board Member Services INC (NS)

SSH: DIL: SSH (B. Henry and K. Borg Living Trust)

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest or both Sections 23 and 24, Securities Markets Act 1988 Relevant event being disclosed: Sale of Diligent Stock Date of relevant event: April, 2010 To: NZX And: Diligent Board Member Services Inc Date this disclosure made: May 7th 2010 Date last disclosure made: March 19th 2010 Substantial security holder(s) giving disclosure Name(s): B. Henry and K. Borg Living Trust Contact details: Brian Henry Po Box 2035 East Hampton, NY 11937 US (212) 203-5669 NZ 021 -999-080 Summary of substantial holding to which disclosure relates Class of listed voting securities: Ordinary Shares, DIL, NZX Summary for: B. Henry and K. Borg Living Trust For this disclosure,-- (a) total number held in class: 4,927,096 (b) total in class: 90,440,000 (c) total percentage held in class: 5.44% For last disclosure,-- (a) total number held in class: 5,470,253 (b) total in class: 90,440,000 (c) total percentage held in class: 6.04% Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure under the instructions to this form: Sale of Diligent ordinary shares to the public reducing % of ownership from 6.04% to 5.44%. Details of relevant interests in substantial holding after relevant event Details for: B. Henry and K. Borg Living Trust Nature of relevant interest(s): Registered holder and beneficial owner of 4,927,096 DIL Ordinary shares. For that relevant interest,-- (a) number held in class: 4,927,096 (b) percentage held in class: 5.44% (c) current registered holder(s) of securities: No change since last disclosure. (d) registered holder(s) of securities once transfers registered: Unknown. Additional information Nature of connection between substantial security holders: Brian Henry and Kiri Borg are married and are both past founders of Diligent and past employees of Diligent. Address(es) of substantial security holder(s): Po Box 2035, East Hampton, NY, 11927. 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: None. Declaration I, Brian Peter Henry, 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:00194665 For:DIL Type:SSH Time:2010-05-07:14:00:41

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