SSH: PGW: SSH (Craigs Investment Partners Limited)

11 May 2010 4:56 pm

PGW 11/05/2010 SSH

REL: 1655 HRS PGG Wrightson Limited

SSH: PGW: SSH (Craigs Investment Partners Limited)

DISCLOSURE OF CEASING TO HAVE SUBSTANTIAL HOLDING Section 25, Securities Markets Act 1988 To NZX Limited And PGG Wrightson Limited Date this disclosure made: 11 May 2010 Date last 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) ceased to have substantial holding: 11 May 2010 Summary of previous substantial holding to which disclosure relates Class of listed voting securities: Ordinary Shares (PGW) Summary for Craigs Investment Partners Limited For last 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% For current holding after ceasing to have substantial holding: (a) total number held in class: Nil (b) total in class: 758,440,543 (c) total percentage held in class: Nil 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: Successful completion of book build with various applicants under mandate with with Kerryn Downey, joint receiver of specified assets of Rural Portfolio Investments Limited for total sale consideration of $24,317,731.

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: N/A 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:00194774 For:PGW Type:SSH Time:2010-05-11:16:56:02

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