SPH Notice – Fisher Funds Management Limited

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
To Freightways Limited

And

To NZX Ltd
Relevant event being disclosed: Movement of 1% or more in the substantial holding
Date of relevant event: 07 December 2017
Date this disclosure made: 08 December 2017
Date last disclosure made: 2 May 2016
Substantial product holder(s) giving disclosure
Full name(s): Fisher Funds Management Limited
Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Fisher Funds Management Limited
For this disclosure,—
(a) total number held in class: 12,501,836
(b) total in class: 155,115,946
(c) total percentage held in class: 8.060%
For last disclosure,—
(a) total number held in class: 10,874,730
(b) total in class: 154,760,691
(c) total percentage held in class: 7.027%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:

Details after relevant event
Details for Fisher Funds Management Limited
Date of change Nature of change
Consideration
given in relation
to change
Class and
number of
securities
affected
Other party, if
known
03/05/2016 to 06/05/2016 On Market Sales $1,519,407.24
-229,073 Ordinary
Shares
N/A
15/09/2016 to 13/10/2016 On Market Purchases -$7,123,160.45
1,074,323
Ordinary Shares
N/A
24/11/2016 to 11/04/2017 On Market Sales $6,038,767.92
-852,000 Ordinary
Shares
N/A
18/05/2017 to 18/05/2017 On Market Purchases -$298,999.23
40,000 Ordinary
Shares
N/A
20/06/2017 to 24/07/2017 On Market Sales $1,996,980.00
-271,683 Ordinary
Shares
N/A
17/08/2017 to 07/12/2017 On Market Purchases -$14,423,945.36
1,865,539
Ordinary Shares
N/A

Nature of relevant interest(s): Fisher Funds Management Limited is the registered holder
and non-beneficial owner of these securities. No relevant agreement documentation is
required to be attached as the investment management contract exemption under
regulation 14 applies.
For that relevant interest,—
(a) number held in class: See below.
(b) percentage held in class: See below.
(c) current registered holder(s): See below.
(d) registered holder(s) once transfers are registered: Unknown
No. held
in class
Percentage held
in class Current registered holders
12,501,836 8.060%
TEA Custodians on behalf of the Fisher Funds New Zealand Growth
Fund, Fisher Funds New Zealand Premium Fund, Fisher Funds
KiwiSaver Scheme, Kingfish Limited and Trans Tasman Equity Fund

For a derivative relevant interest, also—
(a) type of derivative: Not applicable
(b) details of derivative: Not applicable
(c) parties to the derivative: Not applicable
(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: Not applicable

Additional information
Address(es) of substantial product holder(s): Fisher Funds Management Limited, Level 1,
67-73 Hurstmere Road, Takapuna, Auckland
Contact details: Angela Quirk, Angela@fisherfunds.co.nz, +64 9 487 2627
Nature of connection between substantial product holders: Fisher Funds Management
Limited is the registered holder and non-beneficial owner of these securities
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: Not applicable
Certification
I, Angela Quirk, 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.