SSH: PGW: SSH (Craigs Investment Partners Limited)

11 May 2010 4:55 pm

PGW 11/05/2010 SSH

REL: 1655 HRS PGG Wrightson Limited

SSH: PGW: SSH (Craigs Investment Partners Limited)

DISCLOSURE OF BEGINNING TO HAVE SUBSTANTIAL HOLDING Section 22, Securities Markets Act 1988 To NZX Limited And PGG Wrightson Limited Date this disclosure made: 11 May 2010 Substantial security holder(s) giving disclosure Name(s): Craigs Investment Partners Limited Contact details: Regan Carey, Compliance Manager, (07) 577 4726, Regan.Carey@craigsip.com Date on which substantial security holder(s) began to have substantial holding: 10 May 2010 Summary of substantial holding to which disclosure relates Class of listed voting securities: Ordinary Shares (PGW) Summary for Craigs Investment Partners Limited For this disclosure,-- (a) total number held in class: 46,858,958 (b) total in class: 758,440,543 (c) total percentage held in class: 6.178% Details of relevant interests currently in substantial holding Details for Craigs Investment Partners Limited Nature of relevant interest(s): Beneficial Owner pursuant to mandate with Kerryn Downey, joint receiver of specified assets of Rural Portfolio Investments Limited For that relevant interest,-- (a) number held in class: 46,858,958 (b) percentage held in class: 6.178% (c) current registered holder(s) of securities: Rural Portfolio Investments Limited (d) registered holder(s) of securities once transfers registered: various participants in book build.

Details of the transactions or other events requiring disclosure under the instructions to this form: Craigs Investment Partners Limited agreed to underwrite a block trade of 46,764,868 shares in PGW at $0.5201 per share pursuant to a book build successfully completed overnight on 10 May 2010 in which Craigs Investment Partners Limited temporarily became beneficial owner of the shares. Technically this gave Craigs Investment Partners Limited a relevant interest in the shares requiring this disclosure. The disclosure regulations do not require any relevant agreement to be attached to this notice.

Additional information Nature of connection between substantial security holders: N/A Address(es) of substantial security holder(s): 158 Cameron Rd, Tauranga 3141

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: Kerryn Mark Downey and Andrew John Grenfell as receivers of specified property of Rural Portfolio Investments Limited, Rural Portfolio Investments Limited, Craigs Investment Partners Limited (contemporaneously recording cessation of relevant interest).

Declaration I, Regan Carey, 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:00194773 For:PGW Type:SSH Time:2010-05-11:16:55:41

More announcements for PGW