Deadline approaching for Tranz Rail compensation

News release
3 July 2009

Deadline approaching for Tranz Rail shareholders to claim compensation

Deadline approaching for Tranz Rail compensation

Shareholders still eligible for compensation from settlement of the Tranz Rail insider trading case have three weeks to register their claim.

In April the Securities Commission issued a statement that some 535 shareholders had yet to come forward to claim compensation. The names of those shareholders are listed on the Commission's website at www.seccom.govt.nz

Since then 147 of those have contacted the Commission about how to claim their compensation. Shareholders on the list who haven’t contacted the Commission and wish to claim their compensation must do so by 24 July 2009.

Entitled shareholders will need to verify their identity and shareholding details.

Only shareholders who have already been contacted by the Commission or whose names are on the list are entitled to compensation.

The Commission is keen to hear from the remaining shareholders so that compensation can be paid.

Shareholders should contact Geoff Brown on (04) 471 8295 or email geoff.brown@seccom.govt.nz for any further discussions or clarifications.

ENDS

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