SPH Notice – Milford Asset Management

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 The New Zealand Stock Exchange
and
To Tourism Holdings Limited
Relevant event being disclosed: Change in nature of relevant interest
Date of relevant event: 27/10/17
Date this disclosure made:31/10/17
Date last disclosure made: 02/10/17
Substantial product holder(s) giving disclosure
Full name(s): Milford Asset Management

Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Milford Asset Management
For this disclosure,—
(a) total number held in class: 6,611,456
(b) total in class: 121,001,202


(c) total percentage held in class: 5.464% (note, relevant interests held by the
manager as follows):
Milford Active Growth Wholesale Fund (3.414%), (Custodian - NNL Custodians),
Milford NZ Equities Wholesale Fund (1.375%), (Custodian - NNL Custodians),
Milford Income Wholesale Fund (0.675%), (Custodian – NNL Custodians).


For last disclosure,—
(a) total number held in class: 7,832,192
(b) total in class: 120,254,253
(c) total percentage held in class: 6.513% (note, relevant interests held by the manager
as follows):

100080615/3821103.1
Milford Active Growth Wholesale Fund (4.416%), (Custodian - NNL Custodians),
Milford NZ Equities Wholesale Fund (1.434%), (Custodian - NNL Custodians),
Milford Income Wholesale Fund (0.664%), (Custodian – NNL Custodians).


Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:
Transactions made during the period 02 October 2017 – 27 October 2017. Sales of
1,650,000 ordinary shares, for total consideration of $8,002,500. Purchases of 429,264,
for total consideration of $2,031,541.12.
Details after relevant event
Details for Milford Asset Management Limited
Nature of relevant interest(s): N/A
Additional information
Address(es) of substantial product holder(s): Milford Asset Management Limited, Level 17,
41 Shortland Street, Auckland 1140, New Zealand.
Contact details: Sean McKeown, Products and Operations, contact: (09) 921 4770
E-mail: ProductsCompliance@milfordasset.com

Certification
I, Sean McKeown, 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.