OFFER OF WATER SHARES IN WAIMEA IRRIGATORS LIMITED BY WAIMEA IRRIGATORS LIMITED AND CENTURY WATER LIMITED

Restrictions on transfer

There are rules around transfering in and out of this investment, which may depend on eligibility. For example, overseas investors may not be able to transfer into some New Zealand managed funds. Or there may be restrictions on withdrawals, such as not until age 65 for KiwiSaver funds.

Restrictions on acquisition

In this case, there are limits or exclusions on buying this investment that are important to know and acknowledge before you do.

Applications will only accepted if: 1.The Applicant holds a Ground Water Permit and/or a Surface Water Permit (Permit) within the Scheme Area; or 2. The Applicant is outside the Scheme Area but holds a Permit to take Water within the Scheme Area and can be supplied Water from that Permit; or 3. The Applicant is a shareholder or member of an irrigation scheme that holds a Permit to take Water within the Scheme Area for supply either within or outside the Scheme Area; or 4. The Applicant does not hold a Permit but owns/leases land within the Scheme Area and wishes to apply for a Permit once a SWAA is in place; or 5.The Applicant does not hold a Permit and does not own/lease land within the Scheme Area but wishes to invest in WIL, provided that the Applicant can never hold more than 20% of the Water Shares. If the applicable Water Management Zone has already been fully allocated then TDC will not be able to affiliate the Permit and the Offerors will not be able to accept the Application.