Tony White Group - Sharton Motors Dealerships in Maitland and Port Stephens

TWG Hunter Dealerships Pty Ltd (TWG) is acquiring 95% of the share capital of Sharton Motors Pty Ltd (Sharton Motors), and the associated freehold properties (currently held by N&M Burton Pty Ltd).

Sharton Motors is in the business of selling and servicing Toyota, GWM/Haval vehicles and the associated sales of parts and accessories under the name of Sharton Motors Pty Ltd at the following sites:

70 Port Stephens Drive, Taylors Beach

104 - 110 Newcastle Street, East Maitland

124 Newcastle Street, East Maitland

Union Street, East Maitland

83 - 87 Melbourne Street, East Maitland

75 Melbourne Street, East Maitland

91 Melbourne Street, East Maitland

322 Main Road, Cardiff

The Freehold Properties will be purchased by the TWG directly from N&M Burton Pty Ltd.

Both the TWG and Sharton Motors are in the business of selling new and used vehicles in Australia.

The acquisition will involve:

the vendors each selling their entire existing interests in Sharton Motors to TWG, with the effect that TWG will acquire 95% of Sharton Motors, which operates Toyota and GWM/Haval motor vehicle dealerships at locations in Maitland, Port Stephens and

Cardiff; and

N&M Burton Pty Ltd selling their associated freehold properties to TWG.