Sale of Western Australian Assets of Black Rubber

• NTD sells Black Rubber's WA assets to Get A Grip Tyres.
• Sale price for assets is $1.2M, excluding inventory.
• Sale aims to focus on core Australian and New Zealand businesses.

NTAW Holdings Limited (ASX: NTD) has announced the sale of certain assets of Black Rubber Pty Ltd and Black Rubber Retreading Pty Ltd, including retail and retreading operations in Western Australia, to Get A Grip Tyres Pty Ltd. The sale price for the assets, excluding inventory, is $1.2 million, with inventory expected to be sold for an additional $2.5 million. The sale is part of NTD's strategy to restructure its retail tyre businesses and focus on its core operations in Australia and New Zealand. Additionally, NTD has sold its 50% shareholding in Tyrelife Solutions, a South African tyre and wheel wholesale business, to Mr. Georg Schramm for $729,564.