Receipt of Takeover Notice

News Release:27 September 2016

Pursuant to Rule 42 of the Takeovers Code, Hellaby Holdings Limited (NZX:HBY) gives notice that it has today received a takeover notice under the Takeovers Code from Bapcor Finance Pty Limited (Bapcor), giving notice of Bapcor's intention to make a full takeover offer for 100% of the fully paid ordinary shares in Hellaby Holdings Limited. For a copy of the takeover notice, and the documents that accompanied it under Rule 41 of the Takeovers Code, see attached.

The Hellaby Board is not in a position to comment further at this stage. The Hellaby Board will meet shortly to consider the takeover notice and draft offer in detail. It will also immediately proceed with the appointment of an independent adviser and fulfilment of its other obligations under the Takeovers Code.

The Board of Hellaby strongly recommends that Hellaby shareholders do not take any action in respect of the notice of intention to make a takeover offer until they receive the Board's further guidance. Shareholders who are considering selling their shares before then are recommended to seek their own professional advice.

For further information please contact

Alan Clarke
Managing Director & Chief Executive Officer
T+64 9 306 7406
M+64 21 368 818
Ealan@hellabyholdings.co.nz

Steve Smith
Chairman
M+64 21 791 342

www.hellabyholdings.co.nz

Takeover Notice & Draft Offer Document

Hellaby Holdings Limited published this content on 27 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 September 2016 23:25:09 UTC.

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