The New Zealand Refining Company Ltd (“NZR”) – Trading Halt

Memorandum To: Market Participants From: NZX Product Operations Date: Monday, 29 November 2021 Subject: The New Zealand Refining Company Limited ("NZR") - Trading Halt of Securities Message: NZ RegCo advises that at the request of the company it has placed a trading halt on The New Zealand Refining Company Limited's ordinary shares ("NZR") and quoted notes ("NZR010"). The trading halt was placed at pre-market open today. The trading halt has been put in place while NZR undertakes the placement component of a capital raise for the issue of additional ordinary shares. The trading halt will remain in place until the earlier of an announcement regarding the completion of the placement, or market open on Tuesday, 30 November 2021. Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com with any queries. ENDS End CA:00383714 For:NZR Type:HALT Time:2021-11-29 08:38:50