SSH: PGC: SSH (Pyne Nominees Limited & Michael Owen Tinkler)

15 Jan 2010 4:13 pm

PGC 15/01/2010 SSH

REL: 1613 HRS Pyne Gould Corporation Limited

SSH: PGC: SSH (Pyne Nominees Limited & Michael Owen Tinkler)

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: Change in nature of relevant interest

Date of relevant event: 15 January 2010

To: NZX Limited And: Pyne Gould Corporation Limited (PGC)

Date this disclosure made: 15 January 2010 Date last disclosure made: 21 December 2009

Substantial security holder(s) giving disclosure Name(s): Pyne Nominees Limited & Michael Owen Tinkler Contact details: Michael Tinkler, c/- Buddle Findlay, (09) 358 7022, michael.tinkler@buddlefindlay.com

Summary of substantial holding to which disclosure relates Class of listed voting securities: Ordinary shares in PGC

Summary for: Pyne Nominees Limited & Michael Owen Tinkler

For this disclosure,-- total number held in class: 115,044,353 total in class: 773,521,841 total percentage held in class: 14.873%

For last disclosure,-- total number held in class: 115,044,353 total in class: 773,521,841 total percentage held in class: 14.873%

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: On 15 January 2010, Pyne Nominees Limited & Michael Owen Tinkler disposed of 14,771,932 ordinary shares (for total consideration of $7,385,966), pursuant to an off-market transfer of shares to Pyne Family Holdings Limited.

Details of relevant interests in substantial holding after relevant event Details for: Pyne Nominees Limited & Michael Owen Tinkler Nature of relevant interests: (1) Registered holder; and (2) holder of relevant interest pursuant to section 5(1)(d) of the Act arising from shareholding in Pyne Family Holdings Limited. No relevant agreement document need be attached pursuant to regulation 13.

(1) Registered Holder: For that relevant interest,-- number held in class: 14,771,932 percentage held in class: 1.910% current registered holder(s) of securities: Pyne Nominees Limited & Michael Owen Tinkler. registered holder of securities once transfers registered: Pyne Family Holdings Limited.

(2) Holder of relevant interest pursuant to section 5(1)(d): For that relevant interest,-- number held in class: 100,272,421 percentage held in class: 12.963% current registered holder(s) of securities: Pyne Family Holdings Limited. registered holder of securities once transfers registered: No change.

Additional information Nature of connection between substantial security holders: Pyne Nominees Limited & Michael Owen Tinkler jointly hold all of the shares in Pyne Family Holdings Limited. Address(es) of substantial security holder(s): c/- Buddle Findlay, PO Box 1433, Auckland.

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: Pyne Family Holdings Limited

Declaration I, Michael Owen Tinkler, 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:00190223 For:PGC Type:SSH Time:2010-01-15:16:13:05

More announcements for PGC