SSH Notice – Challenger Limited

100080615/3821103.1
Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both
Sections 277 and 278, Financial Markets Conduct Act 2013
Note: This form must be completed in accordance with the instructions at the end of the
form.
To NZX Limited
and
To The a2 Milk Company Limited (ATM)
Relevant event being disclosed: Disclosure of Movement of 1% or more
Date of relevant event: 6 January 2017
Date this disclosure made: 10 January 2017
Date last disclosure made: 25 October 2016
Substantial product holder(s) giving disclosure
Full name(s): Challenger Limited (ACN 106 842 371) and its entities listed in Annexure 3.
Summary of substantial holding
Class of quoted voting products: Ordinary fully paid shares in ATM NZX.
Summary for Challenger Limited and its entities.
For this disclosure,—
(a) total number held in class: 75,233,708
(b) total in class: 725,620,065
(c) total percentage held in class: 10.37%
For last disclosure,—
(a) total number held in class: 67,144,981
(b) total in class: 725,620,065
(c) total percentage held in class: 9.25%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: Purchased and sold on-
market as set out more fully in Annexure 2.

100080615/3821103.1
Details after relevant event
Details for Challenger Limited and its entities.
Nature of relevant interest(s): Challenger Limited is the ultimate holding company of
certain subsidiaries that are responsible entities of registered managed investment
schemes that have a relevant interest and subsidiaries that have a non-controlling interest
in certain boutique investment managers. The boutique investment managers have a
relevant interest in the products by virtue of investment management agreements. A
relevant agreement need not be attached under regulation 139.

For that relevant interest: —
(a) number held in class: 75,233,708
(b) percentage held in class: 10.37%
(c) current registered holder(s): See Annexure 1
(d) registered holder(s) once transfers are registered: N/A
For a derivative relevant interest, also—
(a) type of derivative: N/A
(b) details of derivative: N/A
(c) parties to the derivative: N/A
(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: N/A
Additional information
Address(es) of substantial product holder(s): Level 2, 5 Martin Place, Sydney NSW
Australia 2000
Contact details: Andrew Brown, Company Secretary, Challenger Limited.
Email abrown@challenger.com.au
; Telephone +612 9994 7268

Certification
I, Andrew John Brown, 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.

100080615/3821103.1
Annexure 1
Holder of relevant
interest
Registered holder of
securities
Class and number of
securities
Challenger Limited and the
entities in Annexure 3
BNP Paribas Nominees Pty Limited 1,373,609 (ordinary fully paid shares)
Challenger Limited and the
entities in Annexure 3
Citicorp Nominees Pty Limited 14,720,258 (ordinary fully paid shares)
Challenger Limited and the
entities in Annexure 3
JP Morgan Nominees Australia Limited 17,773,368 (ordinary fully paid shares)
Challenger Limited and the
entities in Annexure 3
National Nominees Limited 8,256,532 (ordinary fully paid shares)
Challenger Limited and the
entities in Annexure 3
HSBC Custody Nominees (Australia)
Limited
31,795,267 (ordinary fully paid shares)
Challenger Limited and the
entities in Annexure 3
UBS Nominees Pty Limited 1,314,674 (ordinary fully paid shares)

Total

75,233,708 (ordinary fully paid shares)

100080615/3821103.1
Annexure 2 – Transactions giving rise to relevant interest
Transactions
The a2 Milk Company Limited (ATM NZ)
As at 06/01/2017
Ordinary Fully Paid
Date of Change Holder of
relevant
interest
Nature of
Change
Consideration
(NZD)
Number of
Securities
Person's Votes
Affected
24/10/2016 Challenger
Limited (and its
entities listed in
Annexure 3)
Sell
25,703.93
-
12,200
12,200
26/10/2016 as above Buy
7,151.60

3,574
3,574
26/10/2016 as above Buy
382,190.67

190,999
190,999
26/10/2016 as above Buy
811,262.98

405,427
405,427
27/10/2016 as above Buy
21,953.51

11,157
11,157
27/10/2016 as above Buy
7,056.14

3,586
3,586
27/10/2016 as above Buy
135,249.18

68,735
68,735
27/10/2016 as above Buy
493,567.48

250,836
250,836
27/10/2016 as above Buy
287,160.74

145,938
145,938
27/10/2016 as above Buy
7,056.14

3,586
3,586
27/10/2016 as above Buy
142,893.65

72,620
72,620
27/10/2016 as above Buy
66,840.47

33,969
33,969
27/10/2016 as above Buy
7,056.14

3,586
3,586
27/10/2016 as above Buy
36,654.13

18,628
18,628
27/10/2016 as above Buy
113,295.65

57,578
57,578
27/10/2016 as above Buy
388,695.52

197,539
197,539

100080615/3821103.1
Date of Change Holder of
relevant
interest
Nature of
Change
Consideration
(NZD)
Number of
Securities
Person's Votes
Affected
27/10/2016 as above Buy
175,039.80

88,957
88,957
27/10/2016 as above Buy
17,248.77

8,766
8,766
27/10/2016 as above Buy
282,652.76

143,647
143,647
27/10/2016 as above Buy
346,748.30

176,221
176,221
27/10/2016 as above Buy
127,213.12

64,651
64,651
31/10/2016 as above Buy
7,098.76

3,787
3,787
31/10/2016 as above Buy
345,572.88

184,354
184,354
31/10/2016 as above Buy
286,357.21

152,764
152,764
31/10/2016 as above Buy
392,643.64

209,465
209,465
31/10/2016 as above Buy
21,854.88

11,659
11,659
31/10/2016 as above Buy
134,867.04

71,948
71,948
31/10/2016 as above Buy
112,637.25

60,089
60,089
31/10/2016 as above Buy
142,338.83

75,934
75,934
31/10/2016 as above Buy
82,088.80

44,100
44,100
31/10/2016 as above Sell
82,088.80
-
44,100
44,100
01/11/2016 as above Buy
426,468.73

229,699
229,699
01/11/2016 as above Buy
100,804.50

54,294
54,294
01/11/2016 as above Buy
192,307.23

103,578
103,578
01/11/2016 as above Buy
10,805.65

5,820
5,820

100080615/3821103.1
Date of Change Holder of
relevant
interest
Nature of
Change
Consideration
(NZD)
Number of
Securities
Person's Votes
Affected
01/11/2016 as above Buy
263,704.38

142,033
142,033
01/11/2016 as above Buy
54,163.81

29,173
29,173
01/11/2016 as above Buy
744,199.54

400,831
400,831
02/11/2016 as above Buy
145,344.88

79,603
79,603
02/11/2016 as above Buy
34,355.61

18,816
18,816
02/11/2016 as above Buy
65,539.67

35,895
35,895
02/11/2016 as above Buy
3,682.79

2,017
2,017
02/11/2016 as above Buy
89,873.07

49,222
49,222
02/11/2016 as above Buy
18,459.56

10,110
10,110
02/11/2016 as above Buy
253,630.05

138,909
138,909
07/11/2016 as above Sell
654,443.76
-
332,011
332,011
07/11/2016 as above Sell
34,055.57
-
17,277
17,277
07/11/2016 as above Sell
38,427.58
-
19,495
19,495
07/11/2016 as above Sell
241,708.43
-
122,623
122,623
07/11/2016 as above Buy
264,317.50

134,000
134,000
07/11/2016 as above Sell
21,724.05
-
11,021
11,021
07/11/2016 as above Sell
128,854.13
-
65,370
65,370
08/11/2016 as above Sell
14,848.85
-
7,300
7,300
16/11/2016 as above Sell
252,164.40
-
116,500
116,500

100080615/3821103.1
Date of Change Holder of
relevant
interest
Nature of
Change
Consideration
(NZD)
Number of
Securities
Person's Votes
Affected
16/11/2016 as above Sell
104,766.99
-
48,400
48,400
16/11/2016 as above Sell
173,601.50
-
80,200
80,200
23/11/2016 as above Sell
39,745.91
-
17,300
17,300
23/11/2016 as above Sell
753,564.12
-
328,000
328,000
23/11/2016 as above Sell
623,068.87
-
271,200
271,200
23/11/2016 as above Sell
850,976.07
-
370,400
370,400
23/11/2016 as above Sell
46,868.01
-
20,400
20,400
23/11/2016 as above Sell
293,614.31
-
127,800
127,800
23/11/2016 as above Sell
244,908.34
-
106,600
106,600
23/11/2016 as above Sell
315,440.10
-
137,300
137,300
24/11/2016 as above Sell
13,737.63
-
5,800
5,800
24/11/2016 as above Sell
153,852.07
-
65,259
65,259
24/11/2016 as above Sell
414,815.19
-
175,951
175,951
24/11/2016 as above Sell
35,938.66
-
15,244
15,244
24/11/2016 as above Sell
15,503.32
-
6,576
6,576
24/11/2016 as above Sell
367,366.92
-
155,825
155,825
24/11/2016 as above Sell
139,289.41
-
59,082
59,082
24/11/2016 as above Sell
15,031.81
-
6,376
6,376
24/11/2016 as above Sell
303,710.42
-
128,824
128,824

100080615/3821103.1
Date of Change Holder of
relevant
interest
Nature of
Change
Consideration
(NZD)
Number of
Securities
Person's Votes
Affected
24/11/2016 as above Sell
365,487.95
-
155,028
155,028
24/11/2016 as above Sell
14,798.41
-
6,277
6,277
24/11/2016 as above Sell
119,558.98
-
50,713
50,713
24/11/2016 as above Sell
1,029,518.54
-
436,688
436,688
24/11/2016 as above Sell
22,783.46
-
9,664
9,664
24/11/2016 as above Sell
225,024.47
-
95,448
95,448
24/11/2016 as above Sell
591,214.97
-
250,774
250,774
24/11/2016 as above Sell
143,047.36
-
60,676
60,676
24/11/2016 as above Sell
258,612.64
-
109,695
109,695
28/11/2016 as above Sell
1,592.30
-
651
651
28/11/2016 as above Sell
89,937.20
-
36,770
36,770
28/11/2016 as above Sell
15,108.57
-
6,177
6,177
28/11/2016 as above Sell
1,695.03
-
693
693
28/11/2016 as above Sell
25,851.14
-
10,569
10,569
28/11/2016 as above Sell
111,681.60
-
45,660
45,660
28/11/2016 as above Sell
64,139.88
-
26,223
26,223
28/11/2016 as above Sell
8,171.88
-
3,341
3,341
28/11/2016 as above Sell
39,624.22
-
16,200
16,200
28/11/2016 as above Sell
30,990.06
-
12,670
12,670

100080615/3821103.1
Date of Change Holder of
relevant
interest
Nature of
Change
Consideration
(NZD)
Number of
Securities
Person's Votes
Affected
28/11/2016 as above Sell
65,783.54
-
26,895
26,895
28/11/2016 as above Sell
3,906.16
-
1,597
1,597
28/11/2016 as above Sell
28,059.81
-
11,472
11,472
28/11/2016 as above Sell
1,643.67
-
672
672
28/11/2016 as above Sell
33,303.91
-
13,616
13,616
28/11/2016 as above Sell
79,556.63
-
32,526
32,526
28/11/2016 as above Sell
4,882.09
-
1,996
1,996
29/11/2016 as above Sell
808.51
-
335
335
29/11/2016 as above Sell
45,568.63
-
18,881
18,881
29/11/2016 as above Sell
7,655.51
-
3,172
3,172
29/11/2016 as above Sell
859.19
-
356
356
29/11/2016 as above Sell
13,097.87
-
5,427
5,427
29/11/2016 as above Sell
56,586.10
-
23,446
23,446
29/11/2016 as above Sell
32,497.30
-
13,465
13,465
29/11/2016 as above Sell
4,139.09
-
1,715
1,715
29/11/2016 as above Sell
20,077.61
-
8,319
8,319
29/11/2016 as above Sell
15,702.00
-
6,506
6,506
29/11/2016 as above Sell
33,329.95
-
13,810
13,810
29/11/2016 as above Sell
1,979.04
-
820
820

100080615/3821103.1
Date of Change Holder of
relevant
interest
Nature of
Change
Consideration
(NZD)
Number of
Securities
Person's Votes
Affected
29/11/2016 as above Sell
14,217.72
-
5,891
5,891
29/11/2016 as above Sell
832.65
-
345
345
29/11/2016 as above Sell
16,872.53
-
6,991
6,991
29/11/2016 as above Sell
40,309.69
-
16,702
16,702
29/11/2016 as above Sell
2,473.80
-
1,025
1,025
30/11/2016 as above Sell
477,453.30
-
194,784
194,784
30/11/2016 as above Sell
93,885.61
-
38,302
38,302
30/11/2016 as above Sell
323,204.58
-
131,856
131,856
30/11/2016 as above Sell
42,783.13
-
17,454
17,454
30/11/2016 as above Sell
120,258.01
-
49,061
49,061
30/11/2016 as above Sell
168,012.16
-
68,543
68,543
30/11/2016 as above Sell
477,958.44
-
194,783
194,783
30/11/2016 as above Sell
93,985.43
-
38,302
38,302
30/11/2016 as above Sell
323,548.20
-
131,856
131,856
30/11/2016 as above Sell
42,828.62
-
17,454
17,454
30/11/2016 as above Sell
120,385.86
-
49,061
49,061
30/11/2016 as above Sell
168,193.24
-
68,544
68,544
30/11/2016 as above Sell
5,153.13
-
2,111
2,111
30/11/2016 as above Sell
290,879.38
-
119,160
119,160

100080615/3821103.1
Date of Change Holder of
relevant
interest
Nature of
Change
Consideration
(NZD)
Number of
Securities
Person's Votes
Affected
30/11/2016 as above Sell
48,868.02
-
20,019
20,019
30/11/2016 as above Sell
5,485.11
-
2,247
2,247
30/11/2016 as above Sell
83,607.07
-
34,250
34,250
30/11/2016 as above Sell
361,180.11
-
147,959
147,959
30/11/2016 as above Sell
207,435.86
-
84,977
84,977
30/11/2016 as above Sell
26,429.60
-
10,827
10,827
30/11/2016 as above Sell
128,151.95
-
52,498
52,498
30/11/2016 as above Sell
100,228.40
-
41,059
41,059
30/11/2016 as above Sell
212,757.41
-
87,157
87,157
30/11/2016 as above Sell
12,632.61
-
5,175
5,175
30/11/2016 as above Sell
90,754.56
-
37,178
37,178
30/11/2016 as above Sell
5,321.56
-
2,180
2,180
30/11/2016 as above Sell
107,707.88
-
44,123
44,123
30/11/2016 as above Sell
257,302.29
-
105,405
105,405
30/11/2016 as above Sell
15,791.36
-
6,469
6,469
30/11/2016 as above Sell
542,325.15
-
218,600
218,600
01/12/2016 as above Sell
70,652.86
-
27,591
27,591
01/12/2016 as above Sell
36,474.92
-
14,244
14,244
01/12/2016 as above Sell
369,842.45
-
144,429
144,429

100080615/3821103.1
Date of Change Holder of
relevant
interest
Nature of
Change
Consideration
(NZD)
Number of
Securities
Person's Votes
Affected
01/12/2016 as above Sell
31,373.96
-
12,252
12,252
01/12/2016 as above Sell
738,153.57
-
288,260
288,260
01/12/2016 as above Sell
609,346.73
-
237,959
237,959
01/12/2016 as above Sell
15,049.36
-
5,877
5,877
01/12/2016 as above Sell
157,883.85
-
61,656
61,656
01/12/2016 as above Sell
598,379.16
-
233,676
233,676
01/12/2016 as above Sell
835,842.55
-
326,409
326,409
01/12/2016 as above Sell
45,401.59
-
17,730
17,730
01/12/2016 as above Sell
15,049.36
-
5,877
5,877
01/12/2016 as above Sell
1,026,116.95
-
400,714
400,714
01/12/2016 as above Sell
262,461.15
-
102,495
102,495
01/12/2016 as above Sell
287,200.28
-
112,156
112,156
01/12/2016 as above Sell
240,526.01
-
93,929
93,929
01/12/2016 as above Sell
293,832.54
-
114,746
114,746
01/12/2016 as above Sell
249,353.01
-
97,392
97,392
01/12/2016 as above Sell
22,343.76
-
8,727
8,727
01/12/2016 as above Sell
62,804.23
-
24,530
24,530
01/12/2016 as above Sell
168,795.65
-
65,928
65,928
01/12/2016 as above Sell
87,746.70
-
34,272
34,272

100080615/3821103.1
Date of Change Holder of
relevant
interest
Nature of
Change
Consideration
(NZD)
Number of
Securities
Person's Votes
Affected
01/12/2016 as above Sell
49,032.36
-
19,151
19,151
02/12/2016 as above Sell
47,781.47
-
18,465
18,465
02/12/2016 as above Sell
191,941.00
-
74,175
74,175
02/12/2016 as above Sell
79,982.53
-
30,909
30,909
02/12/2016 as above Sell
99,780.85
-
38,560
38,560
02/12/2016 as above Sell
33,430.21
-
12,919
12,919
02/12/2016 as above Sell
278,713.60
-
107,708
107,708
02/12/2016 as above Sell
31,253.66
-
13,061
13,061
02/12/2016 as above Sell
125,553.05
-
52,469
52,469
02/12/2016 as above Sell
52,320.75
-
21,865
21,865
02/12/2016 as above Sell
65,268.73
-
27,276
27,276
02/12/2016 as above Sell
21,868.71
-
9,139
9,139
02/12/2016 as above Sell
182,315.02
-
76,190
76,190
02/12/2016 as above Buy
6,583.61

2,932
2,932
02/12/2016 as above Buy
156,497.64

69,696
69,696
02/12/2016 as above Buy
163,301.30

72,726
72,726
07/12/2016 as above Buy
3,169,353.19

1,342,105
1,342,105
09/12/2016 as above Sell
12,271.74
-
5,100
5,100
12/12/2016 as above Buy
680,314.97

301,634
301,634

100080615/3821103.1
Date of Change Holder of
relevant
interest
Nature of
Change
Consideration
(NZD)
Number of
Securities
Person's Votes
Affected
12/12/2016 as above Buy
222,060.81

98,456
98,456
12/12/2016 as above Buy
145,797.88

64,643
64,643
12/12/2016 as above Buy
271,856.24

120,534
120,534
12/12/2016 as above Buy
13,906.99

6,166
6,166
12/12/2016 as above Buy
242,698.02

107,606
107,606
12/12/2016 as above Buy
65,497.74

29,040
29,040
12/12/2016 as above Buy
41,272.15

18,299
18,299
12/12/2016 as above Buy
947,915.20

420,281
420,281
12/12/2016 as above Buy
14,355.82

6,365
6,365
12/12/2016 as above Buy
772,505.75

342,509
342,509
12/12/2016 as above Buy
264,902.74

117,451
117,451
12/12/2016 as above Buy
552,686.83

245,047
245,047
12/12/2016 as above Buy
13,906.99

6,166
6,166
12/12/2016 as above Buy
340,942.37

151,165
151,165
12/12/2016 as above Buy
34,541.94

15,315
15,315
12/12/2016 as above Buy
562,331.06

249,323
249,323
13/12/2016 as above Buy
234,547.42

104,800
104,800
13/12/2016 as above Buy
1,525,005.82

681,400
681,400
14/12/2016 as above Buy
691,433.78

322,263
322,263

100080615/3821103.1
Date of Change Holder of
relevant
interest
Nature of
Change
Consideration
(NZD)
Number of
Securities
Person's Votes
Affected
14/12/2016 as above Buy
276,272.71

128,765
128,765
14/12/2016 as above Buy
571,623.70

266,422
266,422
14/12/2016 as above Buy
784,025.30

365,418
365,418
14/12/2016 as above Buy
269,415.50

125,569
125,569
14/12/2016 as above Buy
14,574.77

6,793
6,793
14/12/2016 as above Buy
42,010.02

19,580
19,580
14/12/2016 as above Buy
225,691.19

105,190
105,190
15/12/2016 as above Buy
275,355.28

132,356
132,356
15/12/2016 as above Buy
230,876.03

110,976
110,976
15/12/2016 as above Buy
103,438.19

49,720
49,720
15/12/2016 as above Buy
54,201.03

26,053
26,053
15/12/2016 as above Buy
536,020.76

257,651
257,651
15/12/2016 as above Buy
707,107.77

339,888
339,888
15/12/2016 as above Buy
584,635.88

281,019
281,019
15/12/2016 as above Buy
21,929.64

10,541
10,541
15/12/2016 as above Buy
229,220.02

110,180
110,180
15/12/2016 as above Buy
869,301.02

417,850
417,850
15/12/2016 as above Buy
7,447.88

3,580
3,580
15/12/2016 as above Buy
802,478.12

385,730
385,730

100080615/3821103.1
Date of Change Holder of
relevant
interest
Nature of
Change
Consideration
(NZD)
Number of
Securities
Person's Votes
Affected
15/12/2016 as above Buy
297,490.89

142,996
142,996
15/12/2016 as above Buy
21,929.64

10,541
10,541
15/12/2016 as above Buy
1,489,518.22

715,972
715,972
15/12/2016 as above Buy
383,965.38

184,562
184,562
15/12/2016 as above Buy
42,409.25

20,385
20,385
19/12/2016 as above Buy
7,669.27

3,700
3,700
20/12/2016 as above Buy
6,988.55

3,463
3,463
20/12/2016 as above Buy
131,254.72

65,040
65,040
20/12/2016 as above Buy
170,158.91

84,318
84,318
20/12/2016 as above Buy
381,865.65

189,224
189,224
20/12/2016 as above Buy
20,206.85

10,013
10,013
20/12/2016 as above Buy
6,988.55

3,463
3,463
20/12/2016 as above Buy
72,708.74

36,029
36,029
20/12/2016 as above Buy
337,107.07

167,045
167,045
20/12/2016 as above Buy
109,726.04

54,372
54,372
20/12/2016 as above Buy
141,831.38

70,281
70,281
20/12/2016 as above Buy
32,672.42

16,190
16,190
20/12/2016 as above Buy
17,185.81

8,516
8,516
20/12/2016 as above Buy
472,137.57

233,956
233,956

100080615/3821103.1
Date of Change Holder of
relevant
interest
Nature of
Change
Consideration
(NZD)
Number of
Securities
Person's Votes
Affected
20/12/2016 as above Buy
275,540.05

136,537
136,537
20/12/2016 as above Buy
278,561.09

138,034
138,034
20/12/2016 as above Buy
122,566.96

60,735
60,735
20/12/2016 as above Buy
7,176.22

3,556
3,556
21/12/2016 as above Buy
19,424.98

9,026
9,026
21/12/2016 as above Buy
89,719.47

41,746
41,746
21/12/2016 as above Buy
261,786.73

121,808
121,808
21/12/2016 as above Buy
172,836.67

80,420
80,420
21/12/2016 as above Buy
61,599.66

28,662
28,662
21/12/2016 as above Buy
58,810.03

27,364
27,364
22/12/2016 as above Buy
86,106.36

40,456
40,456
22/12/2016 as above Buy
251,244.31

118,044
118,044
22/12/2016 as above Buy
165,874.36

77,934
77,934
22/12/2016 as above Buy
59,118.31

27,776
27,776
22/12/2016 as above Buy
56,440.79

26,518
26,518
22/12/2016 as above Buy
121,943.05

55,661
55,661
22/12/2016 as above Buy
355,812.76

162,411
162,411
22/12/2016 as above Buy
234,914.72

107,227
107,227
22/12/2016 as above Buy
83,724.25

38,216
38,216

100080615/3821103.1
Date of Change Holder of
relevant
interest
Nature of
Change
Consideration
(NZD)
Number of
Securities
Person's Votes
Affected
22/12/2016 as above Buy
79,931.95

36,485
36,485
22/12/2016 as above Buy
17,020.47

8,000
8,000
22/12/2016 as above Buy
24,050.68

11,000
11,000
30/12/2016 as above Buy
27,741.77

13,000
13,000
30/12/2016 as above Buy
79,767.12

37,425
37,425
30/12/2016 as above Buy
231,208.51

108,478
108,478
30/12/2016 as above Buy
58,259.31

27,334
27,334
30/12/2016 as above Buy
153,602.60

72,067
72,067
30/12/2016 as above Buy
57,728.59

27,085
27,085
04/01/2017 as above Buy
21,365.01

10,226
10,226
04/01/2017 as above Buy
60,177.62

28,803
28,803
04/01/2017 as above Buy
2,870.67

1,374
1,374
04/01/2017 as above Buy
19,568.22

9,366
9,366
04/01/2017 as above Buy
8,827.23

4,225
4,225
04/01/2017 as above Buy
54,147.95

25,917
25,917
04/01/2017 as above Buy
40,736.84

19,498
19,498
05/01/2017 as above Buy
101,401.79

48,603
48,603
05/01/2017 as above Buy
285,632.87

136,907
136,907
05/01/2017 as above Buy
13,629.98

6,533
6,533

100080615/3821103.1
Date of Change Holder of
relevant
interest
Nature of
Change
Consideration
(NZD)
Number of
Securities
Person's Votes
Affected
05/01/2017 as above Buy
92,879.14

44,518
44,518
05/01/2017 as above Buy
41,895.55

20,081
20,081
05/01/2017 as above Buy
257,004.28

123,185
123,185
05/01/2017 as above Buy
193,356.68

92,678
92,678
06/01/2017 as above Buy
212,802.56

102,863
102,863
06/01/2017 as above Buy
599,427.43

289,747
289,747
06/01/2017 as above Buy
28,605.24

13,827
13,827
06/01/2017 as above Buy
194,913.68

94,216
94,216
06/01/2017 as above Buy
87,921.76

42,499
42,499
06/01/2017 as above Buy
539,347.52

260,706
260,706
06/01/2017 as above Buy
405,777.78

196,142
196,142

8,088,727

Company Name
ACN /
Company No.
Country of
Incorporation
Annexure 3
255 FINANCE INVESTMENTS PTY LTD164 516 401AUSTRALIA
255 FINANCE PTY LTD168 112 507AUSTRALIA
ACCURIUM HOLDINGS PTY LTD158 242 936AUSTRALIA
ACCURIUM PTY LTD009 492 219AUSTRALIA
AGRICULTURAL ASSET MANAGEMENT LIMITED08953424ENGLAND/WALES
ALLFINE HOLDINGS PTY LTD100 231 918AUSTRALIA
ALPHINITY INVESTMENT MANAGEMENT PTY LTD140 833 709AUSTRALIA
APPIA EUROPE LIMITED6490323ENGLAND/WALES
APPIA FINANCE 2 LIMITED6538054ENGLAND/WALES
APPIA FINANCE LIMITED6490331ENGLAND/WALES
APPIA GROUP LIMITED99865JERSEY
APPIA INVESTMENTS LIMITED6490313ENGLAND/WALES
ARDEA INVESTMENT MANAGEMENT PTY LTD132 902 722AUSTRALIA
ARETE INVESTMENT PARTNERS PTY LTD 167 156 961AUSTRALIA
BENTHAM ASSET MANAGEMENT PTY LTD140 833 674AUSTRALIA
CDPG AUSTRALIA PTY LIMITED124 498 095AUSTRALIA
CDPG LUXEMBOURG HOLDINGS SARLB 127717LUXEMBOURG
CDPG LUXEMBOURG II SARLB 127580LUXEMBOURG
CDPG LUXEMBOURG SARLB 127515LUXEMBOURG
CDPG MALTA LIMITEDC 41110MALTA
CESCADE PTY LIMITED096 097 399AUSTRALIA
CFSG HOLDINGS NO 2 (VICTORIA) PTY LIMITED107 601 605AUSTRALIA
CHALLENGER DIRECT PTY LTD006 475 501AUSTRALIA
CHALLENGER DIVERSIFIED PROPERTY DEVELOPMENT PTY LIMITED121 624 833AUSTRALIA
CHALLENGER DPG FRANCE II SAS495 391 062FRANCE
CHALLENGER DPG FRANCE SAS495 390 392FRANCE
CHALLENGER EMERGING MARKET INFRASTRUCTURE FUND PTE. LTD200804361DSINGAPORE
CHALLENGER EMERGING MARKET INFRASTRUCTURE FUND, L.P.CAYMAN ISLANDS
CHALLENGER FINANCIAL SERVICES PTY LIMITED087 464 131AUSTRALIA
CHALLENGER FM 2 HOLDINGS PTY LIMITED080 036 657AUSTRALIA
CHALLENGER FUNDS MANAGEMENT HOLDINGS PTY LIMITED107 728 030AUSTRALIA
CHALLENGER GROUP HOLDINGS LIMITED002 993 302AUSTRALIA
CHALLENGER GROUP PTY LIMITED003 374 196AUSTRALIA
CHALLENGER GROUP SERVICES (UK) LIMITED04244127ENGLAND/WALES
CHALLENGER GROUP SERVICES PTY. LTD.085 657 307AUSTRALIA
CHALLENGER HOLDING VAGYONKEZELO KFT01-09-879644HUNGARY
CHALLENGER INVENTORY FINANCE SERVICING PTY LIMITED107 706 810AUSTRALIA
CHALLENGER INVESTMENT SOLUTIONS MANAGEMENT PTY LTD130 035 353AUSTRALIA
CHALLENGER JERSEY I3 LIMITED95120JERSEY
CHALLENGER LBC TERMINALS HOLDING COMPANY LIMITEDC41149MALTA
CHALLENGER LBC TERMINALS LIMITEDC41150MALTA
CHALLENGER LIFE CDI NOMINEES PTY LTD055 293 644AUSTRALIA
CHALLENGER LIFE COMPANY HOLDINGS PTY LTD006 381 193AUSTRALIA

Company Name
ACN /
Company No.
Country of
Incorporation
Annexure 3
CHALLENGER LIFE COMPANY LIMITED072 486 938AUSTRALIA
CHALLENGER LIFE DEBT INVESTMENTS (EUROPE) LIMITED07626067ENGLAND/WALES
CHALLENGER LIFE FUND PROPERTY INVESTMENTS PTY LTD161 212 693AUSTRALIA
CHALLENGER LIFE INVESTMENTS UK LIMITED6067787ENGLAND/WALES
CHALLENGER LIFE NOMINEES NO.2 PTY LTD078 627 013AUSTRALIA
CHALLENGER LIFE NOMINEES NO.3 PTY LIMITED151 482 147AUSTRALIA
CHALLENGER LIFE NOMINEES PTY LTD091 336 793AUSTRALIA
CHALLENGER LIFE OFFSHORE INVESTMENTS LIMITED105145JERSEY
CHALLENGER LIFE SUBSIDIARY HOLDINGS LTD099 742 122AUSTRALIA
CHALLENGER LIMITED106 842 371AUSTRALIA
CHALLENGER LUXEMBOURG HOLDING NO.1A SARLB124890LUXEMBOURG
CHALLENGER LUXEMBOURG HOLDING NO.1B SARLB124891LUXEMBOURG
CHALLENGER LUXEMBOURG HOLDING NO.2 SARLB124889LUXEMBOURG
CHALLENGER MANAGED INVESTMENTS (INTERNATIONAL) PTY LIMITED120 871 212AUSTRALIA
CHALLENGER MANAGEMENT SERVICES LIMITED092 382 842AUSTRALIA
CHALLENGER MARGIN LENDING PTY LIMITED091 338 822AUSTRALIA
CHALLENGER MBK EMERGING MARKET INFRASTRUCTURE FUND GP LTDWK-209744CAYMAN ISLANDS
CHALLENGER MBK FUND MANAGEMENT PTE. LTD200804360MSINGAPORE
CHALLENGER MORTGAGE MANAGEMENT PTY LTD087 271 109AUSTRALIA
CHALLENGER NON-CONFORMING FINANCE PTY LTD107 725 486AUSTRALIA
CHALLENGER ORIGINATOR FINANCE PTY LIMITED095 085 466AUSTRALIA
CHALLENGER PROPERTY ASSET MANAGEMENT PTY LTD077 569 021AUSTRALIA
CHALLENGER RETIREMENT AND INVESTMENT SERVICES LIMITED115 534 453AUSTRALIA
CHALLENGER SECURITISATION MANAGEMENT PTY LTD100 346 898AUSTRALIA
CHALLENGER SKYBRIDGE (CAPITAL II) INVESTMENT LLPOC338355ENGLAND/WALES
CHALLENGER SKYBRIDGE (FUND SLP) JERSEY LIMITED100742JERSEY
CHALLENGER SKYBRIDGE (GP HOLDINGS) INVESTMENT LLPOC338388ENGLAND/WALES
CHALLENGER SKYBRIDGE (GROUP) HOLDING COMPANY PTY LTD130 888 327AUSTRALIA
CHALLENGER SKYBRIDGE (HASTINGS) HOLDING COMPANY PTY LTD130 888 274AUSTRALIA
CHALLENGER SKYBRIDGE (HASTINGS) INVESTMENT LLP OC338387ENGLAND/WALES
CHALLENGER SKYBRIDGE FUND (LP) JERSEY LIMITED100741JERSEY
CHALLENGER SPECIAL SERVICING PTY LIMITED107 707 415AUSTRALIA
CHALLENGER SPECIALISED FINANCE NO.2 PTY LTD168 107 355AUSTRALIA
CHALLENGER TREASURY LIMITED093 307 996AUSTRALIA
CHALLENGER UK TERMINALS LIMITED95751JERSEY
CHALLENGER WELCOME BREAK LIMITED99827JERSEY
CHALLENGER WHOLESALE FINANCE HOLDINGS PTY LIMITED087 284 240AUSTRALIA
CHALLENGER WIND HOLDINGS PTY LIMITED151 496 061AUSTRALIA
CLASHFERN INVESTMENTS (UK) LIMITED4558112ENGLAND/WALES
CLS US HOLDINGS, LLC5302598UNITED STATES
CPHIC INVESTMENTS PTY LTD093 340 526AUSTRALIA
CSPP1 MAITLAND PTY LTD122 460 968AUSTRALIA
CSPP1 MAVIS COURT PTY LTD122 461 983AUSTRALIA

Company Name
ACN /
Company No.
Country of
Incorporation
Annexure 3
FIDANTE PARTNERS HOLDINGS EUROPE LIMITED06172534ENGLAND/WALES
FIDANTE PARTNERS (GUERNSEY) LIMITED40288GUERNSEY
FIDANTE PARTNERS ALPHINITY HOLDINGS PTY LTD140 716 016AUSTRALIA
FIDANTE PARTNERS ARDEA HOLDINGS PTY LTD133 865 853AUSTRALIA
FIDANTE PARTNERS ARETE HOLDINGS PTY LTD143 836 373AUSTRALIA
FIDANTE PARTNERS ASSET MANAGEMENT (EUROPE) LIMITED06393787ENGLAND/WALES
FIDANTE PARTNERS BENTHAM HOLDINGS PTY LTD140 715 573AUSTRALIA
FIDANTE PARTNERS EUROPE LIMITED04040660ENGLAND/WALES
FIDANTE PARTNERS GP US LLC5651702UNITED STATES
FIDANTE PARTNERS HOLDINGS (GUERNSEY) LIMITED43315GUERNSEY
FIDANTE PARTNERS HOLDINGS PTY LIMITED123 318 650AUSTRALIA
FIDANTE PARTNERS INVESTMENT FUNDS PUBLIC LIMITED COMPANY533320IRELAND
FIDANTE PARTNERS KAPSTREAM HOLDINGS PTY LIMITED123 319 460AUSTRALIA
FIDANTE PARTNERS LIMITED002 835 592AUSTRALIA
FIDANTE PARTNERS MERLON HOLDINGS PTY LTD140 715 662AUSTRALIA
FIDANTE PARTNERS METISQ HOLDINGS PTY LTD143 376 961AUSTRALIA
FIDANTE PARTNERS NOVAPORT HOLDINGS PTY LTD140 715 797AUSTRALIA
FIDANTE PARTNERS R&M HOLDINGS PTY LIMITED152 375 436AUSTRALIA
FIDANTE PARTNERS SERVICES LIMITED119 605 373AUSTRALIA
FIDANTE PARTNERS TEMPO HOLDINGS PTY LTD167 321 262AUSTRALIA
FIDANTE PARTNERS US LLC5651705UNITED STATES
FIDANTE PARTNERS WAVESTONE HOLDINGS PTY LIMITED133 626 276AUSTRALIA
FIDANTE PARTNERS WHITEHELM HOLDINGS PTY LTD169 043 903AUSTRALIA
FIDANTE PARTNERS WYETREE LIMITED09387239ENGLAND/WALES
GASVALPO S.A.96.960.800-6CHILE
GREENCAPE CAPITAL PTY LTD120 328 529AUSTRALIA
GV CAYMAN COMPANY LIMITEDOG-206918CAYMAN ISLANDS
GV CHILE HOLDING LIMITADA124311723611675CHILE
GV CHILE LIMITADA124301725311696CHILE
GV JERSEY HOLDING COMPANY LIMITED100293JERSEY
GV JERSEY TRUSTEE COMPANY LIMITED100294JERSEY
GV JERSEY TRUSTEE COMPANY NO. 2 LIMITED100367JERSEY
HOWARD COMMERCIAL LENDING PTY LTD000 033 143AUSTRALIA
KUDU INVESTMENT MANAGEMENT LLC1231609UNITED STATES
KUDU INVESTMENT PARTNERS I, LP47-2497501UNITED STATES
KUDU INVESTMENTS GP LLC1244682UNITED STATES
LANV PTY LTD147 224 502AUSTRALIA
LBC TANK TERMINALS (JERSEY) LIMITED97371JERSEY
LEASE COLLATERAL NO.2 PTY LTD168 112 481AUSTRALIA
LEASE COLLATERAL PTY LTD168 112 472AUSTRALIA
LEASE FUNDING MANAGEMENT PTY LTD168 112 490AUSTRALIA
MAITLAND NOMINEE HOLDINGS PTY LIMITED122 853 114AUSTRALIA
MAVIS COURT DEVELOPMENT CO PTY LTD124 112 956AUSTRALIA

Company Name
ACN /
Company No.
Country of
Incorporation
Annexure 3
MAWBURY PTY LIMITED096 097 479AUSTRALIA
MERLON CAPITAL PARTNERS PTY LTD140 833 683AUSTRALIA
METISQ CAPITAL HOLDINGS PTY LTD158 011 351AUSTRALIA
METISQ CAPITAL PTY LTD104 642 613AUSTRALIA
METISQ CAPITAL SINGAPORE PTE. LTD.49GSINGAPORE
METISQ LIBRA GREATER CHINA EQUITY FUND LTD.WK-237319CAYMAN ISLANDS
MIR GREATER CHINA PTE LTD200715836DSINGAPORE
MIR LIBRA CAPITAL MANAGEMENT LTD236748CAYMAN ISLANDS
NOVAPORT CAPITAL PTY LTD140 833 656AUSTRALIA
OAKLANDS HILL PTY LTD149 814 559AUSTRALIA
OAKLANDS HILL WIND FARM PTY LTD126 595 935AUSTRALIA
OFFSHORE REINSURER (BERMUDA) COMPANY LIMITED51746BERMUDA
OIKOS LIMITED2705354ENGLAND/WALES
OIKOS STORAGE LIMITED315280ENGLAND/WALES
RESIDENTIAL REAL ESTATE TOTAL RETURN OPPORTUNITIES FUND LTD.212456CAYMAN ISLANDS
RESIDENTIAL REAL ESTATE TOTAL RETURN OPPORTUNITIES MASTER FUND L.P.27263CAYMAN ISLANDS
RESONANCE ASSET MANAGEMENT LIMITED09028327ENGLAND/WALES
SABRAND LIMITED126677CYPRUS
STRUCTURED CREDIT RESEARCH LLPOC328062ENGLAND/WALES
TALAVERA HERRING PTY LIMITED086 068 984AUSTRALIA
TEMPO ASSET MANAGEMENT PTY LTD167 321 637AUSTRALIA
THE LIBERTY GROUP CONSORTIUM PTY LTD082 564 289AUSTRALIA
TLG SERVICES PTY LIMITED092 500 608AUSTRALIA
TLGH PTY LIMITED092 927 467AUSTRALIA
TRE DATA CENTRES CANBERRA PTY LTD141 881 227AUSTRALIA
US LLC HOLDINGS PTY LTD130 888 292AUSTRALIA
US LLC INVESTMENTS LLC36-4811214UNITED STATES
WATER VENTURES LIMITED09592184ENGLAND/WALES
WATERFORD COUNTY PTY LIMITED122 853 089AUSTRALIA
WAVESTONE CAPITAL PTY LTD120 179 419AUSTRALIA
WELCOME BREAK CAYMAN LIMITEDFC027450CAYMAN ISLANDS
WELCOME BREAK GROUP HOLDINGS LIMITEDFC027451CAYMAN ISLANDS
WELCOME BREAK GROUP LIMITED03147949ENGLAND/WALES
WELCOME BREAK HOLDINGS (1) LIMITED04099287ENGLAND/WALES
WELCOME BREAK HOLDINGS (2) LIMITED04379574ENGLAND/WALES
WELCOME BREAK HOLDINGS LIMITED03290817CAYMAN ISLANDS
WELCOME BREAK LIMITED01735476ENGLAND/WALES
WELCOME BREAK NO.1 LIMITED08331837ENGLAND/WALES
WELCOME BREAK NO.2 LIMITED08331870ENGLAND/WALES
WELCOME BREAK NO.3 LIMITED08331918ENGLAND/WALES
WELCOME BREAK SERVICES LIMITED04099292ENGLAND/WALES
WYETREE FUNDS PLC520464IRELAND