SSH Notice – Accident Compensation Corporation (ACC)

Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To New Zealand Stock Exchange
and
To Contact Energy Ltd
Date this disclosure made: 4 January 2017
Date on which substantial holding began: 29 December 2016
Substantial product holder(s) giving disclosure
Full Name(s): Accident Compensation Corporation (ACC)
Nicholas Bagnall, Guy Elliffe, Paul Robertshawe, Blair Tallott, Blair Cooper, Jason Familton,
Jason Lindsay, Jonathan Davis
Summary of substantial holding to which disclosure relates
Class of quoted voting products: Ordinary shares (CEN)
Summary for: Accident Compensation Corporation (ACC)
Nicholas Bagnall, Guy Elliffe, Paul Robertshawe, Blair Tallott, Blair Cooper, Jason Lindsay,
Jonathan Davis
For this disclosure,—
(a) Total number held in class: 35,925,983
(b) Total in class: 715,525,756
(c) Total percentage held in class: 5.021%

Summary for: Jason Familton
For this disclosure,—
(a) Total number held in class: 35,925,988
(b) Total in class: 715,525,756
(c) Total percentage held in class: 5.021%

Details of relevant interests
Details for ACC
Nature of relevant interest(s):
Beneficial owner of securities under §235(1)(b) of the Financial Markets Conduct Act
No relevant agreement document needs to be attached under regulation 139.
For that relevant interest,—
(a) Number held in class: 35,925,983
(b) Percentage held in class: 5.021%
(c) Current registered holder(s): ACC via New Zealand Central Securities Depository Limited
(NZCSD)
(d) Registered holder(s) once transfers are registered: unknown

Details for Jason Familton
Nature of relevant interest(s):
Beneficial owner of securities under §235(1)(b) of the Financial Markets Conduct Act
No relevant agreement document needs to be attached under regulation 139.
For that relevant interest,—
(a) Number held in class: 5
(b) Percentage held in class: 0.0000007%
(c) Current registered holder(s): Jason Familton, either directly or indirectly
(d) Registered holder(s) once transfers are registered: unknown

Details for
Nicholas Bagnall, Guy Elliffe, Paul Robertshawe, Blair Tallott, Blair Cooper, Jason Familton,
Jason Lindsay, Jonathan Davis
Nature of relevant interest(s):
Qualified powers to exercise control of rights to vote and/or of acquisition or disposal of
some or all of the financial products, of which the Accident Compensation Corporation
("ACC") is the beneficial owner under §235(1)(c)and 235(1)(d) of the Financial Markets
Conduct Act. Further to regulation 139(2)(b), the material terms of this arrangement are
that powers are subject to ACC investment policies and the decisions of the ACC
Investment Committee.
For that relevant interest,
(a) Number held in class: 35,925,983
(b) Percentage held in class: 5.021%
(c) Current registered holder(s): held by ACC via New Zealand Central Securities Depository
Limited (NZCSD)
(d) Registered holder(s) once transfers are registered: unknown

Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure:
Since the previously disclosed cease in substantial holding on 19 December 2016 until the
beginning of substantial holding on 29 December 2016, ACC had the following aggregated on-
market transactions in Contact Energy Ltd:
 Purchases of 375,000 shares for consideration of NZD $1,720,350
 Sales of 102,500 shares for consideration of NZD $485,750

Additional information
Address of substantial product holder(s): ACC: Justice Centre, 19 Aitken Street, PO Box 242,
Wellington, NZ
Contact details: Matthew Cunliffe +64 4 816 5743 investmentscompliance@acc.co.nz
Nature of connection between substantial product holders: Nicholas Bagnall, Guy Elliffe, Paul
Robertshawe, Blair Tallott, Blair Cooper, Jason Familton, Jason Lindsay and Jonathan Davis
are employees of ACC and either a portfolio manager, equity analyst or corporate governance
manager. Under current ACC investment policies, they have the discretion to exercise control
over some or all the rights to vote and acquisition or disposal of some or all of the financial
products of which ACC is the beneficial owner.
Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to
which this disclosure relates: n/a
Certification
I, Matthew Cunliffe, certify that, to the best of my knowledge and belief, the information
contained in this disclosure is correct and that I am duly authorised to make this disclosure by
all persons for whom it is made.