Ann: ASSET: PGC: Sale of some of PGC's HNZ an

• Release Date: 06/07/12 14:53
• Summary: ASSET: PGC: Sale of some of PGC's HNZ and PGW shares
• Price Sensitive: No
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PGC
06/07/2012 12:53
ASSET

REL: 1253 HRS Pyne Gould Corporation Limited

ASSET: PGC: Sale of some of PGC's HNZ and PGW shares

Sale of some of PGC's HNZ and PGW shares

Pyne Gould Corporation Limited ("PGC") has today sold on-market:
7.5 million of the ordinary shares it held in Heartland New Zealand Limited
("Heartland") for a total consideration of $3,750,000; and

40 million of the ordinary shares it held in PGG Wrightson Limited ("PGW")
for a total consideration of $11,600,000.

Following these sales, PGC (through its wholly owned subsidiary Torchlight
Securities Limited) now holds 7.846% of the ordinary shares in Heartland and
1.722% of the ordinary shares in PGW.
End CA:00224726 For:PGC    Type:ASSET      Time:2012-07-06 12:53:09