Sunday, 18 February 2018

Announcement

MEETING: VIL: Annual Meeting of Shareholders 2017: Results

06 Dec 2017 12:43NZX
Veritas Investments Limited (NZX: VIL) advises that the resolution put to the
Company''s Annual Meeting of Shareholders held in Auckland today was passed.
The resolutions authorised the Board to fix the fees and expenses of PwC as
auditor, as further described in the Notice of Annual Meeting of Shareholders
dated 21 November 2017.

The presentation provided to the shareholders is attached to this
announcement.

Sharon Hunter, who was due to retire by rotation, did not seek re-election
and resigned as a Director of Veritas at the end of the Annual Meeting of
Shareholders. The Board and management of Veritas would like to thank Sharon
for her invaluable contribution to Veritas.

The Board wishes to provide an update for the financial year ending 30 June
2018. The Group is aiming to generate revenue of $26m to $29m in FY18, EBITDA
prior to significant items of $7.0m to $8.0m and net profit after tax for
continuing operations prior to significant items of $3.5m to $4.0m.

As disclosed in our annual financial statements for FY17, the Board is
considering a number of restructuring options for the Group. Accordingly,
this guidance is subject to any write-offs and restructuring costs, if any,
that are incurred in connection with the implementation of these initiatives.

For further information, contact: Tim Cook

Chairman, Veritas Investments Limited
021 764 401
timc@corporateadvisory.co.nz
End CA:00311488 For:VIL    Type:MEETING    Time:2017-12-06 12:43:27
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