SSH – Devaron (NZ) Limited, Hg Pooled Management Limited

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Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To NZX Limited
and
To Gentrack Group Limited
Date this disclosure made: 30 March 2017
Date on which substantial holding began: 30 March 2017
Substantial product holder(s) giving disclosure
Full name(s): Devaron (NZ) Limited, Hg Pooled Management Limited
Summary of substantial holding
Class of quoted voting products: Ordinary shares (NZX Code: GTK)
Summary for Devaron (NZ) Limited
For this disclosure,—
(a) total number held in class: 9,538,373
(b) total in class: 82,237,883
(c) total percentage held in class: 11.599%
Summary for Hg Pooled Management Limited
For this disclosure,—
(a) total number held in class: 9,538,373
(b) total in class: 82,237,883
(c) total percentage held in class: 11.599%
Details of relevant interests
Details for Devaron (NZ) Limited
Nature of relevant interest(s): Registered holder of ordinary shares in Gentrack Group
Limited (NZX Code: GTK). No relevant agreement needs to be attached under regulation
139 of the Financial Market Conduct Regulations 2014.
For that relevant interest,—
(a) number held in class: 9,538,373
(b) percentage held in class: 11.599%
(c) current registered holder(s): Devaron (NZ) Limited

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(d) registered holder(s) once transfers are registered: N/A
Details for Hg Pooled Management Limited
Nature of relevant interest(s): Hg Pooled Management Limited has the power to control the
exercise of the right to vote attaching to the shares, as well as the power to control the
acquisition or disposition of the shares held by Devaron (NZ) Limited. No relevant
agreement needs to be attached under regulation 139 of the Financial Market Conduct
Regulations 2014.
For that relevant interest,—
(a) number held in class: 9,538,373
(b) percentage held in class: 11.599%
(c) current registered holder(s): Devaron (NZ) Limited
(d) registered holder(s) once transfers are registered: N/A
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure: On 28 March 2017,
Devaron (NZ) Limited (Devaron) entered into a Subscription Agreement with Gentrack
Group Limited (Gentrack) under which it agreed to acquire 9,538,373 newly issued
ordinary shares in Gentrack (Shares). The total consideration payable to Gentrack for the
Shares was $35,511,363.64 (or $3.723 per Share).
On 30 March 2017, the Shares were issued to Devaron, resulting in Devaron beginning to
have a substantial holding in the ordinary shares of Gentrack.
Additional information
Addresses of substantial product holder(s): Devaron (NZ) Limited – Sothertons Limited, 10
Heather Street, Parnell, Auckland, 1052, New Zealand
Addresses of substantial product holder(s): Hg Pooled Management Limited – 2 More
London Riverside, London SE1 2 AP, United Kingdom
Contact details: Andrew Jessop, +44 207 089 799, andrew.jessop@hgcapital.com
Nature of connection between substantial product holders: Hg Pooled Management Limited
has the power to control the exercise of the right to vote attaching to the shares held by
Devaron (NZ) Limited and the power to control the acquisition or disposition of the shares
held by Devaron (NZ) Limited.
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, Andrew Jessop, 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.