SSH Notice – Kiltearn Partners LLP

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Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
Note: This form must be completed in accordance with the instructions at the end of the
form.
To New Zealand Stock Exchange and
To SKY Network Television
Date this disclosure made: March 27, 2017
Date on which substantial holding began: March 27, 2017
Substantial product holder(s) giving disclosure
Full name(s): Kiltearn Partners LLP
Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Kiltearn Partners LLP, We act as an Investment Manager for a number of commingled
funds and separate accounts (our "Clients"). In acting for our Clients, we are given full discretion over
their investments, and are empowered to vote on their behalf. However, Kiltearn do not act as their
Custodian, and therefore shares are not held in our name, but in the nominee name of their Custodian
Bank.
For this disclosure,—
(a) total number held in class: 20,695,228
(b) total in class: 389,139,785
(c) total percentage held in class: 5.32%
Details of relevant interests
Details for Kiltearn Partners LLP
Nature of relevant interest(s): We act as an Investment Manager for a number of commingled funds and
separate accounts (our "Clients"). In acting for our Clients, we are given full discretion over their
investments, and are empowered to vote on their behalf. However, Kiltearn do not act as their
Custodian, and therefore shares are not held in our name, but in the nominee name of their Custodian
Bank.
For that relevant interest,—

(a) number held in class: 20,695,228
(b) percentage held in class: 5.32%
(c) current registered holder(s): Various
(d) registered holder(s) once transfers are registered: N/A

100080615/3821102.1
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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
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure: Acqusition of Shares.
Additional information
Address(es) of substantial product holder(s): Exchange Place 3, 3 Semple Street, EH4
8BL, Ed
inburgh, Scotland, U.K.
Contact details: Robert McGinty, Phone +44 0131 460 1039, Email:
rmcginty@kiltearnpartners.com
Nature of connection between substantial product holders: Kiltearn Partners LLP acts as
Investment Manager for a number of commingled funds and separate accounts (our
"Clients").
*Omit if disclosure is made for only 1 substantial product holder.
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, Robert McGinty, 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.