NZX Release 1 October 2018 New Tūroa range wins NZ Design Institute’s highest accolade for Product Design Methven Limited (MVN) is delighted to announce that its new Tūroa shower range has won New Zealand’s highest award for product design at the Designers Institute Best Design Awards. Methven Group CEO, David Banfield said “We are delighted to have won this highly prestigious award in our home market. Tūroa is a wonderful collection featuring VJetTM shower technology, meaning that Methven now owns three of six global shower technologies. This innovation and recognition will help us further accelerate international performance and continue to set new standards for New Zealand consumers.” Tūroa, powered by VJetTM patented shower technology, was designed, developed and manufactured by the Methven team in Auckland. Formed from pieces of stainless steel and using a simplified manufacturing process that is more sustainable than traditional methods, the Tūroa shower allows for continuous adjustment of spray type, from a needle spray to a soft fine mist and any point in between. It is designed to meet different shower needs at different times, from simple cleaning to a luxurious escape. Established in 1988, the annual Best Design Awards showcase excellence in graphic, spatial, product, interactive and motion design. From a very strong field of Gold Pin winning products, Tūroa emerged as the judges’ 2018 top product pick. The judges commented “That pure aesthetic, sensuous showering and cleansing experience, thoughtful application of high-grade materials with high quality finishes complements the sparing use of water and convinced the judges it deserved to be Best of the Best.” Methven’s Group Head of Design & Innovation, Andy Grigor said “We are immensely pleased that the judges recognised our innovative Tūroa collection, awarding a GOLD in the consumer product section and a BRONZE in the sustainable product design section, culminating in the grand prize win as the ‘Best of the Best – the highest accolade at the NZ Best Design Awards.”

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For queries, please contact: David Banfield, Group CEO, +64 9 829 0419, dbanfield@methven.com About Methven: Methven is an NZX-listed market-leading designer and manufacturer of showers, taps and valves. Our business is headquartered in Auckland where we design, develop and manufacture many award-winning products and technologies. Our international operations see our products distributed in Australia, China, UK, Middle East, USA and Europe in addition to our home market of New Zealand. In 2016 we celebrated 130 years of innovation and shared our long term growth plans, Methven 130 - the aim to grow sales to $130 million by June 2020. Our business transformation plan, Fit 4 the Future, kicked off in July 2017 to ensure we have a simplified and strengthened platform for long term growth. For more company information, visit http://www.methven.com/nz