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Announcement

ADMIN: CDI: CDI: Appointment of Director

18 Jul 2017 14:12NZX
STOCK EXCHANGE ANNOUNCEMENT    18 July 2017

APPOINTMENT OF COLIN SIM TO THE BOARD

CDL Investments New Zealand Limited (NZX:CDI) advises that Mr. Colin Sim has
been appointed as a non-executive director of the Company with effect from 14
July 2017.

In welcoming Mr. Sim to the Board, BK Chiu, Managing Director of CDI noted:

"Mr. Sim is an Australian citizen and Sydney resident with a career including
more than 40 years of senior management experience. Colin has strong
analytical skills and extensive knowledge of both the construction and
property development sectors in Australia. We look forward to Colin joining
our New Zealand land development business and sharing his insights".

The Board has determined in accordance with NZSX Listing Rule 3.3.3(b) that
Mr Sim is an independent director.

ENDS

Enquiries:

Troy Dandy          (09) 353 5005
Group Company Secretary
CDL Investments New Zealand Limited
End CA:00304197 For:CDI    Type:ADMIN      Time:2017-07-18 14:12:01
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