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Wellington provides funding update

Wellington Drive Technologies Ltd is pleased to advise that the Company’s trade finance facility with Bank of New Zealand (announced 15 January 2019) has been increased from NZ$1.5m to NZ$2.0m. All other terms of the facility remain unchanged.

Wellington also advises the repayment date of the loan advance from Meta Capital (described in note 4.1 to its 2018 Annual Report) has been extended to 31 March 2020. All other terms of the loan remain unchanged.