SPH Notice – Guardians of New Zealand Superannuation

NTAC:2SE-18
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
and
To New Zealand King Salmon Investments Limited
Relevant event being disclosed: Disclosure of movement of 1% or more
Date of relevant event: 21 March 2017
Date this disclosure made: 23 March 2017
Date last disclosure made: 19 October 2016
Substantial product holder(s) giving disclosure
Full name(s): New Zealand Superannuation Fund Nominees Limited as nominee for the
New Zealand Superannuation Fund being property of Her Majesty the Queen in right of
New Zealand and managed and administered by the Guardians of New Zealand
Superannuation (“NZSF”)
Summary of substantial holding
Class of quoted voting products: Ordinary Shares (ISIN: NZNZKE0003S0)
Summary for: NZSF
For this disclosure,—
(a) total number held in class: 10,407,438
(b) total in class: 138,157,843
(c) total percentage held in class: 7.533%
For last disclosure,—
(a) total number held in class: 8,874,285
(b) total in class: 138,157,843
(c) total percentage held in class: 6.423%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure under the instructions to
this form: Between 19 October 2016 and 21 March 2017, NZSF purchased an aggregate of
1,543,541 ordinary shares in New Zealand King Salmon Investments Limited on-market for
aggregate consideration of $1,784,261, in its internal equities portfolio and its account

NTAC:2SE-18
managed by Mint Asset Management Limited. On 13 January 2017, NZSF sold 13,388
ordinary shares in New Zealand King Salmon Investments Limited on-market for aggregate
consideration of $18,765 from its account managed by Mint Asset Management Limited.
Details after relevant event
Details for: NZSF
Nature of relevant interest(s): Beneficial owner of shares and/or power to control the
acquisition/disposal of, and voting rights attached to, shares
For that relevant interest,—
(a) number held in class: 10,407,438
(b) percentage held in class: 7.533%
(c) current registered holder(s): Unknown
(d) registered holder(s) once transfers are registered: New Zealand Central Securities
Depository Limited (for NZSF). Of these shares, 6.470% are within NZSF’s internal
equities portfolio and 1.063% are within NZSF’s portfolio managed by Mint Asset
Management Limited.
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 12, Zurich House, 21 Queen Street
Auckland 1010, New Zealand

Contact details: Peter Bennie
Ph: +64 9 300 6980
E-mail: pbennie@nzsuperfund.co.nz

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

NTAC:2SE-18
Certification
I, Peter Bennie, 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.