Convertibles Calendar

International Calendar

On The Horizon

TURNERS LTD.:

• Up to $25 million of convertible bonds due 2018

• Exchangeable for all or some of existing Turners 2016 convertible bonds

• Coupon talked at 6.5%

• Conversion will be the lesser of NZ$3.75 and a 5% discount to the VWAP of shares 90 days prior to maturity

• Preference of allocations given to existing holders resident in New Zealand who have elected to convert their bonds

• Auckland, New Zealand-based financial services holding company

• NZX: TNR

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