Shareholders

Trading Platform
Your Board is pleased to advise that VINZ shares can now be traded via an internet based trading platform "UNLISTED". UNLISTED is not a registered securities exchange or regulated under New Zealand securities markets law. It is an unregistered trading facility. The web site is www.unlisted.co.nz. Trading on UNLISTED must be done through any of the brokers listed on the website. The broker should require you to sign an Investor Information and Disclaimer form, acknowledging Unlisted's unregistered status before a buy or sell order is placed. This will not affect your freedom to sell or buy VINZ shares "off market".

Off Market Transaction
If you buy or sell shares off market, please complete a Share Transfer Form which can be downloaded below. This form must be signed, witnessed where necessary, and forwarded to LINK for registration.

Share Registrar
VINZ's share registrar is Link Market Services Limited (LINK). LINK can be contacted on : 09-375 5998 (phone); 09-375 5990 (fax); Lmsenquiries@linkmarketservices.com; PO Box 91976, Auckland 1142

Restrictions on Share Transfers
Shares in Vehicle Inspection New Zealand Limited (VINZ or the Company) are generally freely transferable subject to compliance with usual legal formalities and restrictions. However, given the Company's reliance upon its entry certification and in-service inspection contracts with New Zealand Transport Agency (NZTA) there are certain circumstances where the Board may refuse to register a transfer of shares.

The Board's power to refuse to register a transfer of shares is set out in Clause 14.5 of the Company's Constitution.

The Board may refuse to register a transfer of shares if the continued benefit of the NZTA contracts may be jeopardised. At present, under the contracts if any one shareholder acquires more than 10% of the shares on issue and a conflict may arise between the interest of that shareholder and the obligations of the Company under the contracts there is potential for a breach of the contracts. Accordingly, the Board reserves the right to refuse to register any transfer of shares to a shareholder who would become the holder of 10% or more of the Company's shares and who might be seen as having or giving rise to such a conflict of interest.

In addition, under the Company's Constitution the Board must refuse to register a transfer of shares if the result would be that compliance centre's and their associates would hold more than 40% of the voting shares of the Company.

Share Transfer Form

Share Registrar - Link Market Services

Internet Based Trading Facility - Unlisted

News & Announcements

Appointment of Director
At the Annual Meeting of Shareholders held in Christchurch on 28 July 2011, Mr Michael Dossor has been re-elected as a director of the company