18 December 2007

MAINZEAL WINS LION NATHAN CONSTRUCTION ROLE

Mainzeal has confirmed its strong position in the NZ Construction market by securing the prestigious contract to build Lion Nathan's new Brewery in East Tamaki, Jenny Shipley, Chairman of Mainzeal Property and Construction Ltd said today.

Since the appointment of Mainzeal's new Chief Operating Officer, Peter Gomm in April 2007, Mainzeal has had a strong year under the leadership of a completely revamped management team and has made significant progress in all areas of operations and financial performance.

Mainzeal has won significant new work in the past six months throughout the country, exemplified by the contract for Lion Nathan in Auckland and the Supreme Court in Wellington. As a result of the newly awarded contracts, Mainzeal is enjoying a strong work back-log from a diverse group of clients of the highest calibre.

At last week's board meeting, Richina Land, which includes Mainzeal, welcomed management's confirmation of a solid return to profitability in 2007 with further improvement in profits expected for future years.

All the recently completed projects by Mainzeal have largely been on time and budget and met profit expectations. We are particularly proud of two recently completed projects, the largest New Zealand corrections facility at Spring Hill and the new Sovereign office building on Smales Farm in Auckland, one of the "greenest" buildings in New Zealand. Both these projects have won widespread praises form our clients and their tenants.

Parent Company Richina Pacific Limited (RPL) has been so impressed with the environmental friendliness and energy efficiency of the Sovereign building that it has incorporated into the final designs of its planned office development in downtown Shanghai as many of Sovereign's "green" features as possible. At this stage RPL expects to complete this building in late 2009, and it is their goal that this will be one of the greenest buildings in Shanghai.

Richina Land and Mainzeal are committed to follow the maximum possible environmentally sustainable and energy efficient designs in all its future property developments in both China and New Zealand, building on our well established reputation of constructing world class facilities, Jenny Shipley concluded.

18 December 2007
Richina Pacific Announces Opening of Shanghai Hotel

1 August 2007
Mainzeal has the following finalists in the NZIOB Awards

$15-50m category: Greg Young - Precinct Apartments
$50m + category: Craig Lammie - Defence House
Innovation: Steve Benson & Mike Lodge - Mainzeal Concrete College
Innovation: Cameron Dorward - Vector Arena

31 July 2007
Awards won

The New Dowse
- Property Council of New Zealand: Excellence Award in the Education and Arts Category
- Wellington Registered Master Builders Association: Gold Award in the Tourism and
Leisure Project cagegory

Avalon Fire Station
- Wellington Registered Master Builders Association: Gold Award in the Industrial/Utility Project cagegory

19 March 2007
Mainzeal wins the double on two new government buildings

16 March 2007
Senior Appointments Announced

The Chair of Mainzeal, Jenny Shipley, today announced the appointment, effective mid-April, of Mr Peter Gomm to the new position of Chief Operating Officer of Mainzeal. “We are delighted to have a person of Peter’s talents join Mainzeal, bringing as he does a wealth of experience in the construction and development industry, both in New Zealand and offshore, and most recently in a senior role at Westfield New Zealand. He joins a strong senior management team.”

Mrs Shipley also announced the appointment of a new Auckland Area Manager, Martin Fahey, who will take up this role in April following his leadership role on the Corrections Department construction project at Spring Hill.

Mr Fahey will take over from Roger Feast who will return to Wellington, having been the Acting Area Manager in Auckland since October 2005.

Finally, Mrs Shipley confirmed the appointment of Darren Mason as Area Manager for the Central region, where he succeeds Marcus Poor. Darren commenced in his new role on 1 February.

“These are key appointments for the company and complete the review process which focussed on adding strength to our experienced senior management team,” Mrs Shipley said.

1 March 07
Richina 2006 Full Year Report Announcement