NZF
28/02/2011 16:45
MEETING

REL: 1645 HRS NZF Group Limited

MEETING: NZF: Notice of special meeting of shareholders

NZF Group Limited (NZF) - Notice of special meeting of shareholders

NZF advises that it has sent the following "NOTICE OF SPECIAL MEETING OF
SHAREHOLDERS" and "PROXY FORM" today to ordinary shareholders in NZF Group
Limited on the Company register as at 28 February 2011.

The Special Meeting of Shareholders will be held at on Monday 14 March 2011
at the Tamaki Yacht Club, Mission Bay, Auckland at 10:30am.

The ordinary resolution to be considered is outlined in the notice, however
in summary it will be for shareholders to consider the issue of up to a
maximum of 56,135,496 fully paid ordinary shares in the Company in relation
to NZF Capital
Noteholders who do not elect the Renewal Option for NZF Capital Notes by 5PM
10 March 2011.

Shareholders should note that the maximum figure above represents the total
number ordinary shares that may be issued in respect to Cap
ital Notes for
which an election notice is yet be received as at 24 February 2011 and
excludes mail that is currently caught up in the disruption resulting from
the Christchurch earthquake. It is expected that more election notices
electing the renewal option will be received before the extended
Notification Date of 10 March 2011(as approved by the Trustee).
End CA:00206224 For:NZF Type:MEETING Time:2011-02-28 16:45:29