Director and Senior Manager – Ongoing Disclosure Notices

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:
The New Zealand Refining Company Limited
Date this disclosure made:
22-Dec-21
Date of last disclosure:
04-Jun-21
Director or senior manager giving disclosure
Full name(s):
Denise Jensen
Name of listed issuer:
The New Zealand Refining Company Limited
Name of related body corporate (if applicable):
N/A
Position held in listed issuer:
CFO
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Or d in ar y Sh ar es
Nature of the affected relevant interest(s):
(1) Ben ef icial Ow n er (as p ar t icip an t in Th e
New Zealan d Ref in in g Co m p an y Lim it ed 's
em p lo y ee sh ar e sch em e)
(2) Reg ist er ed h o ld er
For that relevant interest-
Number held in class before acquisition or disposal:
(1) 3,660
(2) 13,929
Number held in class after acquisition or disposal:
(1) 4,817
(2) 32,001
Current registered holder(s):
N/A
Registered holder(s) once transfers are registered:
(1) CRS No m in ees Lim it ed
(2) Den ise Jen sen
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
N/A
Class of underlying financial products:
N/A
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:
N/A
Maturity date of the derivative (if any):
N/A
Expiry date of the derivative(if any):
N/A
The price specified in the terms of the derivative (if any):
N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
N/A
For that derivative,-
Parties to the derivative:
N/A
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
N/A
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: Two

Details of transactions requiring disclosure-
Date of transaction:
(1) 15-Dec-21
(2) 17-Dec-21
Nature of transaction:
(1) Shares were issued to CRS Nominees
Limited to be held on trust for Mrs Jensen,
pending vesting, under the terms of The New
Zealand Refining Company Limited's employee
share scheme.
(2) Subscription for newly issued shares under
The New Zealand Refining Company Limited's
share purchase plan.
Name of any other party or parties to the transaction (if known):The New Zealand Refining Company Limited
The consideration, expressed in New Zealand dollars, paid or received for the
acquisition or disposal. If the consideration was not in cash and cannot be readily by
converted into a cash value, describe the consideration:
(1) $1,001
(2) $15,000
Number of financial products to which the transaction related:
(1) 1,157
(2) 18,072
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:N/A
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:N/A
Date of the prior written clearance (if any):
N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:Ordinary Shares
Nature of relevant interest:
Ben ef icial Ow n er (in r esp ect o f v est ed
sh ar es h eld o n b ar e t r u st b y CRS
No m in ees Lim it ed )
For that relevant interest,-
Number held in class:1,272
Current registered holder(s):CRS Nominees Limited
For a derivative relevant interest,-
Type of derivative:N/A
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:
N/A
Maturity date of the derivative (if any):
N/A
Expiry date of the derivative (if any):
N/A
The price's specified terms (if any):
N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
N/A
For that derivative relevant interest,-
N/A
Parties to the derivative:
N/A
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
N/A
Certification
I, certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all
persons for whom it is made.
Signature of director or officer:
Date of signature:
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
22-Dec-21
Name and title of authorised person:
Chris Bougen, General Counsel and Company
Secretary

Notes
Use this form to disclose all the acquisitions and disposals by a director or senior
manager of a listed issuer, or of a related body corporate, or in specified derivatives.
The disclosure must be made within—
(a) 20 working days after the first acquisition or disposal disclosed in this
notice if the aquisitions or disposals are of a kind referred to in section 297(2)(a) of the
Financial Markets Conduct Act 2013; or
(b) in any other case, 5 trading days after the first acquisition or disposal
disclosed in this notice.

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:
The New Zealand Refining Company Limited
Date this disclosure made:
22-Dec-21
Date of last disclosure:
04-Jun-21
Director or senior manager giving disclosure
Full name(s):
Jack Stewart
Name of listed issuer:
The New Zealand Refining Company Limited
Name of related body corporate (if applicable):
N/A
Position held in listed issuer:
Conversion Project Director
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Or d in ar y Sh ar es
Nature of the affected relevant interest(s):
Ben ef icial Ow n er (as p ar t icip an t in Th e
New Zealan d Ref in in g Co m p an y Lim it ed 's
em p lo y ee sh ar e sch em e)
For that relevant interest-
Number held in class before acquisition or disposal:
3,660
Number held in class after acquisition or disposal:
4,817
Current registered holder(s):
N/A
Registered holder(s) once transfers are registered:
CRS No m in ees Lim it ed
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
N/A
Class of underlying financial products:
N/A
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:
N/A
Maturity date of the derivative (if any):
N/A
Expiry date of the derivative(if any):
N/A
The price specified in the terms of the derivative (if any):
N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
N/A
For that derivative,-
Parties to the derivative:
N/A
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
N/A
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: One

Details of transactions requiring disclosure-
Date of transaction:15-Dec-21
Nature of transaction:
Shares were issued to CRS Nominees Limited
to be held on trust for Mr Stewart, pending
vesting, under the terms of The New Zealand
Refining Company Limited's employee share
scheme.
Name of any other party or parties to the transaction (if known):The New Zealand Refining Company Limited
The consideration, expressed in New Zealand dollars, paid or received for the
acquisition or disposal. If the consideration was not in cash and cannot be readily by
converted into a cash value, describe the consideration:
$1,001
Number of financial products to which the transaction related: 1,157
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
N/A
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
N/A
Date of the prior written clearance (if any):
N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:
Or d in ar y Sh ar es
Nature of relevant interest:
Ben ef icial Ow n er (in r esp ect o f v est ed
sh ar es h eld o n b ar e t r u st b y CRS
No m in ees Lim it ed )
For that relevant interest,-
Number held in class:
1,272
Current registered holder(s):
CRS No m in ees Lim it ed
For a derivative relevant interest,-
Type of derivative:N/A
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:
N/A
Maturity date of the derivative (if any):
N/A
Expiry date of the derivative (if any):
N/A
The price's specified terms (if any):
N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
N/A
For that derivative relevant interest,-
N/A
Parties to the derivative:
N/A
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
N/A
Certification
I, certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all
persons for whom it is made.
Signature of director or officer:
Date of signature:
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
22-Dec-21
Name and title of authorised person:
Chris Bougen, General Counsel and Company
Secretary

Notes
Use this form to disclose all the acquisitions and disposals by a director or senior
manager of a listed issuer, or of a related body corporate, or in specified derivatives.
The disclosure must be made within—
(a) 20 working days after the first acquisition or disposal disclosed in this
notice if the aquisitions or disposals are of a kind referred to in section 297(2)(a) of the
Financial Markets Conduct Act 2013; or
(b) in any other case, 5 trading days after the first acquisition or disposal
disclosed in this notice.

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:
The New Zealand Refining Company Limited
Date this disclosure made:
22-Dec-21
Date of last disclosure:
09-Dec-21
Director or senior manager giving disclosure
Full name(s):
James Bruce Miller
Name of listed issuer:
The New Zealand Refining Company Limited
Name of related body corporate (if applicable):
N/A
Position held in listed issuer:
Director
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Or d in ar y Sh ar es
Nature of the affected relevant interest(s):
Ben ef icial Ow n er (t h r o u g h o r d in ar y sh ar es
h eld b y Cu st o d ial Ser v ices Lim it ed f o r Mr JB &
Mr s GM Miller )
For that relevant interest-
Number held in class before acquisition or disposal:
81,000
Number held in class after acquisition or disposal:
117,574
Current registered holder(s):
N/A
Registered holder(s) once transfers are registered:
Cu st o d ial Ser v ices Lim it ed
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
N/A
Class of underlying financial products:
N/A
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:
N/A
Maturity date of the derivative (if any):
N/A
Expiry date of the derivative(if any):
N/A
The price specified in the terms of the derivative (if any):
N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
N/A
For that derivative,-
Parties to the derivative:
N/A
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
N/A
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: Two

Details of transactions requiring disclosure-
Date of transaction:
(1) 17/12/2021
(2) 22/12/2021
Nature of transaction:
(1) Subscription for newly issued shares under The
New Zealand Refining Company Limited's share
purchase plan.
(2) Off-market acquisition of shares.
Name of any other party or parties to the transaction (if known):
(1) The New Zealand Refining Company Limited
(2) Campbell James Miller
The consideration, expressed in New Zealand dollars, paid or received for the
acquisition or disposal. If the consideration was not in cash and cannot be readily by
converted into a cash value, describe the consideration:
(1) $15,000.00
(2) $16,836.82
Number of financial products to which the transaction related:
(1) 18,072
(2) 18,502
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
(1) N/A
(2) No
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
(1) N/A
(2) No
Date of the prior written clearance (if any):
N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:
N/A
Nature of relevant interest:
N/A
For that relevant interest,-
Number held in class:
N/A
Current registered holder(s):
N/A
For a derivative relevant interest,-
Type of derivative:
N/A
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:
N/A
Maturity date of the derivative (if any):
N/A
Expiry date of the derivative (if any):
N/A
The price's specified terms (if any):
N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
N/A
For that derivative relevant interest,-
N/A
Parties to the derivative:
N/A
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
N/A
Certification
I, certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all
persons for whom it is made.
Signature of director or officer:
Date of signature:
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
22-Dec-21
Name and title of authorised person:
Chris Bougen, General Counsel and Company
Secretary

Notes
Use this form to disclose all the acquisitions and disposals by a director or senior
manager of a listed issuer, or of a related body corporate, or in specified derivatives.
The disclosure must be made within—
(a) 20 working days after the first acquisition or disposal disclosed in this
notice if the aquisitions or disposals are of a kind referred to in section 297(2)(a) of the
Financial Markets Conduct Act 2013; or
(b) in any other case, 5 trading days after the first acquisition or disposal
disclosed in this notice.

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:
The New Zealand Refining Company Limited
Date this disclosure made:
22-Dec-21
Date of last disclosure:
26-Feb-15
Director or senior manager giving disclosure
Full name(s):
Simon Christopher Allen
Name of listed issuer:
The New Zealand Refining Company Limited
Name of related body corporate (if applicable):
N/A
Position held in listed issuer:
Director
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Or d in ar y Sh ar es
Nature of the affected relevant interest(s):
Ben ef icial Ow n er (t h r o u g h o r d in ar y sh ar es
h eld b y Cu st o d ial Ser vices Lim it ed f o r t h e
Allen No 2 Tr u st )
For that relevant interest-
Number held in class before acquisition or disposal:
35,000
Number held in class after acquisition or disposal:
53,072
Current registered holder(s):
N/A
Registered holder(s) once transfers are registered:
Custodial Services Limited
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
N/A
Class of underlying financial products:
N/A
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):N/A
A statement as to whether the derivative is cash settled or physically settled:
N/A
Maturity date of the derivative (if any):
N/A
Expiry date of the derivative(if any):
N/A
The price specified in the terms of the derivative (if any):
N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
N/A
For that derivative,-
Parties to the derivative: N/A
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
N/A
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: One

Details of transactions requiring disclosure-
Date of transaction:17-Dec-21
Nature of transaction:
Subscription for newly issued shares under The
New Zealand Refining Company Limited's share
purchase plan.
Name of any other party or parties to the transaction (if known):The New Zealand Refining Company Limited
The consideration, expressed in New Zealand dollars, paid or received for the
acquisition or disposal. If the consideration was not in cash and cannot be readily by
converted into a cash value, describe the consideration:
$15,000
Number of financial products to which the transaction related:
18,072
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:N/A
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
N/A
Date of the prior written clearance (if any):
N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:N/A
Nature of relevant interest:N/A
For that relevant interest,-
Number held in class:N/A
Current registered holder(s):N/A
For a derivative relevant interest,-
Type of derivative:N/A
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:
N/A
Maturity date of the derivative (if any):
N/A
Expiry date of the derivative (if any):
N/A
The price's specified terms (if any):
N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
N/A
For that derivative relevant interest,-
N/A
Parties to the derivative:
N/A
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
N/A
Certification
I, certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all
persons for whom it is made.
Signature of director or officer:
Date of signature:
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
22-Dec-21
Name and title of authorised person:
Chris Bougen, General Counsel and Company
Secretary

Notes
Use this form to disclose all the acquisitions and disposals by a director or senior
manager of a listed issuer, or of a related body corporate, or in specified derivatives.
The disclosure must be made within—
(a) 20 working days after the first acquisition or disposal disclosed in this
notice if the aquisitions or disposals are of a kind referred to in section 297(2)(a) of the
Financial Markets Conduct Act 2013; or
(b) in any other case, 5 trading days after the first acquisition or disposal
disclosed in this notice.