Hellaby : Gary Mollard Re-Appointed to Hellaby Board

Gary Mollard Re-Appointed to Hellaby Board

News Release:10 October 2016

As advised at today's Annual Meeting, Hellaby Holdings Limited (NZX:HBY) has re-appointed independent director, Gary Mollard, to the Hellaby board.

Gary had previously announced his intention to retire from the board at Hellaby's Annual Meeting on 10 October 2016. Following receipt of a takeover notice from Bapcor Finance Pty Limited on 27 September 2016, Gary has agreed to the board's request to be temporarily re-appointed to the board, during the takeover period. He will then retire permanently once the outcome of the takeover is known.

Chairman Steve Smith commented: 'We appreciate that this is somewhat unusual - to retire at the Annual Meeting, and the be re-appointed - however this is a pragmatic approach by Gary and the board.

'Gary has made a positive and valuable contribution to Hellaby since his appointment in 2009. On behalf of the board, I would like to sincerely thank Gary not only for his service and contribution to the Hellaby board, but his willingness to extend his tenure.'

For further information please contact

Alan Clarke
Managing Director & Chief Executive Officer
T[phone]
M[phone]
[e-mail]

Richard Jolly
Chief Financial Officer
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M[phone]
E [e-mail]