RELINT: TUA: TUA - Directors and Officers Disclosure

26 Aug 2010 9:00 am

TUA 26/08/2010 RELINT

REL: 0900 HRS Turners Auctions Limited

RELINT: TUA: TUA - Directors and Officers Disclosure

The company advises that its Chairman, Michael Dossor, has acquired 20,000 shares on market for a consideration of $26,000.

For and on behalf of the Board

A Saunders Company Secretary

Ongoing Disclosure Notice Section 19T(2), Securities Markets Act 1988

A Details of director or officer Name of director or officer of public issuer: Michael Robert Dossor Name of public issuer: Turners Auctions Limited Name of related body corporate (if applicable): Position held in public issuer: Chairman

B Securities in public issuer or related body corporate to which this disclosure relates Number, class, and type of securities: 110,231 ordinary shares (after transaction described below)

C Nature of relevant interest and name of registered holder Nature of relevant interest in securities: Registered holder and beneficial owner Name of registered holder of securities: Michael Robert Dossor

D Details of acquisitions and disposals If the relevant interest was acquired-- Date of acquisition: 23/08/2010 to 24/08/2010 Consideration paid for acquisition: $26,000.00

If the relevant interest was disposed of-- Date of disposal: Consideration paid for disposal:

Type of transaction Describe the arrangement pursuant to which, or the circumstances in which, the acquisition or disposal took place: Purchase of 20,000 additional shares on NZX by Michael Dossor

E Total number of transactions this notice relates to: two

F Date of last disclosure notice (whether in form 1 or form 2) by director or officer: 19 June 2009

G Signature Signature of director or officer:

Date of signature: 25 August 2010 End CA:00198864 For:TUA Type:RELINT Time:2010-08-26:09:00:55

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