Friday, 29 March 2024

Announcement

GENERAL: MGL: Edendale update

14 Nov 2017 14:48NZX
As previously advised, Mercer Stainless Limited designed and supplied a silo
to TetraPak Ltd that collapsed at Fonterra''s Edendale site on 16 September
2016.

We have now been informed that Fonterra''s final loss is estimated to be in
the order of $20m.

No formal claim has been made by any party against Mercer Stainless Limited.
Liability as between relevant parties has not yet been determined. The
investigation into these issues is continuing.

Richard Rookes
CEO

For further information contact
Richard Rookes, 021 414 016
End CA:00310288 For:MGL    Type:GENERAL    Time:2017-11-14 14:48:48
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