Turners Auctions

Registered Office Address
Mt Wellington Markets Complex
2 Monahan Road
Mt Wellington
Auckland

Directors
WESLEY, Jeffery Michael
TREGIDGA, Mark Graeme
LOOMES, Maurice William
GIBBS, Anthony Ian
DOSSOR, Michael Robert

Background
Incorporated 04 Oct 1967
Split from Turners & Growers Ltd in May 2002.

Major Shareholders
Guiness Peat Group - 45%
Bartel Holdings - 26%

Shares on Issue
5,000,000 (unconfirmed)

Ownership Restrictions
Unknown

Share Registry
Unknown

Major Assets


Website
www.turnersauctions.co.nz


News

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16.04.02 - COMPANY ANNOUNCEMENT

Turners & Growers Limited announced that at a Special Meeting held on Friday 12/04           
shareholders voted overwhelmingly in favour of a 1 for 5 share buyback which will result in  
the separation from the group of Turners Auctions Limited and its subsidiary Turners Fleet   
Limited.                                                                                     

The scheme of arrangement remains subject to High Court approval and a separate share        
register for Turners Auctions Limited is to be established with Turners & Growers            
shareholders holding shares in the same proportion to their holding in Turners & Growers Ltd.

Thereafter Turners Auctions Ltd shares will trade independently on the unlisted securities   
market through the mechanism of the NZSE's FASTER system. This is expected to occur in early 
May.                                                                                         

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