SPH Notice – Investment Services Group Limited

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 NZX
and
To Fonterra Shareholders’ Fund
Date this disclosure made: 04/12/2017
Date on which substantial holding began: 01/12/2017
Substantial product holder(s) giving disclosure
Full name(s): Investment Services Group Limited (formerly Devon Funds Group
Limited)
Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Investment Services Group Limited
For this disclosure,—
(a) total number held in class: 6,971,780

(b) total in class: 138,649,174

(c) total percentage held in class: 5.03%
Details of relevant interests
Devon Funds Management Limited and Clarity Funds Management Limited are subsidiaries
of Investment Services Group Limited.
Details for Devon Funds Management Limited
Nature of relevant interest(s): Related party of Investment Services Group
Limited
For that relevant interest,—
Summary for Devon Funds Management Limited
(a) total number held in class: 6,971,780

(b) total in class: 138,649,174

(c) total percentage held in class: 5.03%

Units Custodian
32,956 BNP, on behalf of private client
96,868 BNP, on behalf of the Alpha fund
51,109 BNP, on behalf of private client
193,608 Citibank, on behalf of private client
446,567 BNP, on behalf of private client
635,607 BNP, on behalf of private client
56,602 BNP, on behalf of private client
297,846 MMC, on behalf of private client
400,601 BNP, on behalf of the Dividend Yield fund
366,397 JPM, on behalf of private client
848,386 Northern Trust, on behalf of private client
161,701 JPM, on behalf of private client
789,560 Public Trust, on behalf of private client
424,344 BNP, on behalf of private client
461,075 BNP, on behalf of the Trans Tasman fund
644,027 BNP, on behalf of private client
139,115 JPM, on behalf of private client
925,411 Citibank, on behalf of private client

Details for Clarity Funds Management Limited
Nature of relevant interest(s): Related party of Investment Services Group
Limited.
For that relevant interest,—
Summary for Clarity Funds Management Limited
(a) total number held in class: 0

(b) total in class: 0
(c) total percentage held in class: 0%
For a derivative relevant interest, also—
(a) type of derivative: [eg, option or swap agreement]
(b) details of derivative: [specify details required by the instructions to this form]
(c) parties to the derivative:
(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative:

Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure: Transaction in four
months before 04/12/2017
Date Transaction Volume Amount
1/12/2017 Purchase

403,500

2,583,510
29/11/2017 Purchase

150,000

956,862
28/11/2017 Purchase

81,299

517,797
10/11/2017 Purchase

74,289

466,068
20/10/2017 Purchase

204,289

1,218,805
28/09/2017 Purchase

52,319

325,308
19/09/2017 Purchase

20,000

122,078
15/09/2017 Purchase

135,000

824,705
23/08/2017 Purchase

30,515

190,699
22/08/2017 Purchase

400,000

2,502,909
17/08/2017 Purchase

356,134

2,232,811
16/08/2017 Purchase

3,357

20,960
14/08/2017 Purchase

367,304

2,302,537

Additional information
Address(es) of substantial product holder(s): Investment Services Group Limited,
Level 10, 2 Commerce Street, Auckland 1010
Contact details: John Tampo | P: 09 925 3982 | E: john.tampo@investgroup.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: Devon Funds Management Limited
Certification
I, John Tampo, 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.