Te Arawa Group Holdings

CHRONOLOGY

The following table details key TAGH milestones:

Year Timeline of Key TAGH Milestones
September 2003 Numerous mandating hui were held with respective Affiliate Te Arawa Iwi/Hapu who approved resolutions to enter into direct negotiations with the Crown and to appoint representatives to Nga Kaihautu o Te Arawa
September 2003 Structure of Nga Kaihautu was adopted
26 November 2004 Terms of negotiation were agreed between Affiliate Te Arawa Iwi/Hapu and the Crown
5 September 2005 Agreement in Principle agreed between the Affiliate Te Arawa iwi/Hapu and the Crown
20 December 2005 Agreement in Principle varied
30 September 2006 Original Deed of Settlement entered into between Affiliate Te Arawa Iwi/Hapu and the Crown
30 September 2006 Announced at the signing that $100,000 will be made available to each Affiliate Entity. A $5,000 grant was also made available to each Affiliate marae
1 December 2006 Te Pumautanga o Te Arawa Trust Deed signed establishing the Te Pumautanga o Te Arawa Trust
23 March 2007 TAGH Incorporated by the New Zealand Companies Office
11 June 2008 TPT negotiates a revised settlement, which is ratified by 97% of participating adult beneficiares
11 June 2008 TPT revised Deed of Settlement is signed
25 June 2008 CNI Deed of Settlement is signed
12 June 2009 Resolution passed by TPT to distribute $1M to each Affiliate Entity
1 July 2009 Settlement assets are transferred from the Crown to TPT
3 July 2009 TPT transfers $1M to each Affiliate Entity
24 July 2009 Resolution passed by TPT to capitalise TAGH
24 July 2009 TPT transfers $34M to TAGH
1 August 2009 Resolution passed by TPT to amend the Constitution to enable two Trustees to be appointed as TAGH Directors and to allow TAGH to transfer 99 ‘B’ shares to Affiliate Entities
1 September 2009 Information hui on proposed amendments to the TPT Trust Deed
1 September 2009 Ballots send to adult registered beneficiaries
1 October 2009 94% of participating adult beneficiaries support the proposed amendments
1 May 2010 TAGH is fully operational
28 May 2010 Purchase and registered transfer fo the DSP property (54 Collins Road) from the Crown to TPT
2 June 2010 Launch of TAGH to Affiliaite Entities
2 June 2010 Class B Shareholders receive and endorse the Strategic Plan for 2010-2020
11 June 2010 TPT appoint Fred Cookson as Independent Director to TAGH
18 June 2010 TAGH purchase of DSP property from TPT and on-sell to the Tyleam Family Trust
30 June 2010 TPT Board approve the appointment of Independent Directors Andrew West and Wally Stone
19 July 2010 TAGH purchase a 1,450ha forest block at Horohoro
10 December 2010 TPT receive and approve TAGH’s Constitution
10 December 2010 TPT Trustees pass resolution delegating the authority and management of the Geothermal Statutory Acknowledgement in favour of TAGH
10 December 2010 TPT receive and approve the proposed Shareholder’s Agreement in principle, subject to amendments
10 December 2010 TPT appoint Wallace Haumaha as TAGH’s inaugral Chair
21 March 2011 TAGH purchased shares in Raukiokore Gold Development Limited GP
9 September 2011 Registration of the TAGH Constitution with the Companies Office
24 & 25 September 2011 Affiliate workshops on the Shareholder’s Agreement
19 November 2011 Signing of Shareholder’s Agreement byt the Class A and Class B Shareholders