Hellaby Shareholder Letter - Reiterates Do Not Sell Message

News Release:21 October 2016

Hellaby has today sent a letter to shareholders in regards to the unsolicited takeover offer from Bapcor. The independent directors reiterate their preliminary view that the offer is opportunistic and does not represent fair value for Hellaby.

Shareholders are recommended to do nothing in regards to the Bapcor offer until they receive the recommendation from Hellaby's independent directors and the Target Company Statement, which will include the Independent Adviser's Report on the merits of the offer. The Statement will be sent to shareholders by about 4th November 2016. There is no benefit in shareholders accepting the Bapcor offer early.

For further information please contact

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

Steve Smith
Chairman
M +64 21 791 342

Hellaby_Shareholder_Letter_21_Oct_16.pdf

Hellaby Holdings Limited published this content on 21 October 2016 and is solely responsible for the information contained herein.
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