SSH – Accident Compensation Corporation

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
To New Zealand Stock Exchange
and
To Stride Stapled Group
Relevant event being disclosed: Movement of 1% or more
Date of relevant event: 23 January 2017
Date this disclosure made: 24 January 2017
Date last disclosure made: 18 July 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,
Jonathan Davis
Summary of substantial holding
Class of quoted voting products: Stapled Securities (SPG NZ)
Summary for: Accident Compensation Corporation (ACC)
Nicholas Bagnall, Guy Elliffe, Paul Robertshawe, Blair Tallott, Blair Cooper, Jason Familton,
Jonathan Davis
For this disclosure,—
(a) Total number held in class: 33,183,330
(b) Total in class: 364,456,209
(c) Total percentage held in class: 9.105%
For last disclosure,—
(a) Total number held in class: 29,172,827
(b) Total in class: 364,500,000
(c) Total percentage held in class: 8.004%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:
From 13 July 2016 to 23 January 2017, ACC had the following aggregated on-market
transactions in Stride Stapled Group:
 Purchases of 6,643,287 shares for consideration of NZD $11,963,109.32
 Sales of 2,632,784 shares for consideration of NZD $5,288,965.04

Details after relevant event
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: 33,183,330

(b) Percentage held in class: 9.105%
(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 Nicholas Bagnall, Guy Elliffe, Paul Robertshawe, Blair Tallott, Blair Cooper, Jason
Familton, 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: 33,183,330
(b) Percentage held in class: 9.105%
(c) Current registered holder(s): ACC via New Zealand Central Securities Depository Limited
(NZCSD)
(d) Registered holder(s) once transfers are registered: unknown

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 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 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.