SPH Notice – ANZ New Zealand Investments Limited

To
and
To
(b) total in class:826,020,000
Summary for:OnePath Funds Management Limited (Australia)
For this disclosure,—
(a) total number held in class:78,176
(b) total in class:826,020,000
(c) total percentage held in class: 0.043%
(c) total percentage held in class: 0.043%
Summary for:ANZ Custodial Services New Zealand Limited
For this disclosure,—
(a) total number held in class:354,180
Summary for:ANZ Bank New Zealand Limited
For this disclosure,—
(a) total number held in class:354,180
(b) total in class:826,020,000
For this disclosure,—
(a) total number held in class:41,099,367
(b) total in class:826,020,000
(c) total percentage held in class: 4.976%
(c) total percentage held in class: 5.028%
The above summary excludes the custodial holdings of ANZ Custodial Services New Zealand Limited (which are set out below), so
that these are not double-counted in the aggregated related bodies disclosure.
Summaries of the individual holdings of each of ANZ New Zealand Investments Limited, ANZ Bank New Zealand Limited, ANZ
Custodial Services New Zealand Limited and OnePath Funds Management Limited (Australia) are as follows.
Summary for:ANZ New Zealand Investments Limited
For this disclosure,—
(a) total number held in class:41,531,723
(b) total in class:826,020,000
Substantial product holder(s) giving disclosure
Full name(s):
ANZ New Zealand Investments Limited, ANZ Bank New Zealand Limited, ANZ Custodial
Services New Zealand Limited and OnePath Funds Management Limited (Australia)
Summary of substantial holding
Class of quoted voting products:Common Stock - ARG
Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
NZX Limited
Argosy Property Limited
Date this disclosure made:13 December 2017
Date on which substantial holding began:11 December 2017
Summary for:
ANZ New Zealand Investments Limited, ANZ Bank New Zealand Limited and
OnePath Funds Management Limited (Australia) (aggregated as related bodies
corporate)

Details for:
Unknown
Details for:
Unknown
Details for:
Unknown(c) current registered holder(s):
(d) registered holder(s) once transfers are registered: ANZ Custodial Services New Zealand Limited
For that relevant interest,—
(a) number held in class: 354,180
(b) percentage held in class: 0.043%
ANZ Custodial Services New Zealand Limited
Nature of relevant interest(s):
ANZ Custodial Services New Zealand Limited (ANZCS) is the custodian for ANZ Bank New Zealand Limited's trading and custody
service under a custody agreement
(d) registered holder(s) once transfers are registered: ANZ Custodial Services New Zealand Limited
ANZ Bank also has a relevant interest in the holdings of ANZ New Zealand Investments Limited, ANZ Custodial Services New
Zealand Limited and OnePath Funds Management Limited (Australia), as disclosed in this notice, because all of these companies
are related bodies corporate.
ANZ Bank New Zealand Limited (ANZ Bank) provides a trading and custody service in respect of individual client investment
portfolios under a trading service client agreement. ANZ Bank has a relevant interest in the financial products arising only from the
powers of investment contained in the trading service client agreement as it has:
- a qualified power to control the exercise of the right to vote attached to the financial products; and
- a conditional power to dispose of the financial products.
The trading service client agreement is not attached to this notice pursuant to regulation 142 of the Regulations.
For that relevant interest,—
(a) number held in class: 354,180
ANZCS has a relevant interest in the financial products as it is the registered holder of the financial products.
The custody agreements are not attached to this notice pursuant to regulation 141 of the Regulations.
(b) percentage held in class: 4.976%
(c) current registered holder(s):
(d) registered holder(s) once transfers are registered: The New Zealand Guardian Trust Company Limited 32,519,203 and MFL
Mutual Fund Limited 8,580,164
ANZ Investments also has a relevant interest in the holdings of ANZ Bank New Zealand Limited, ANZ Custodial Services New
Zealand Limited and OnePath Funds Management Limited (Australia), as disclosed in this notice, because all of these companies
are related bodies corporate.
ANZ Bank New Zealand Limited
(b) percentage held in class: 0.043%
(c) current registered holder(s):
Nature of relevant interest(s):
ANZ New Zealand Investments Limited
Nature of relevant interest(s):
ANZ New Zealand Investments Limited (ANZ Investments) acts as a manager or investment manager for certain managed
investment schemes under investment management contracts. ANZ Investments has a relevant interest in the financial products
arising only from the powers of investment contained in the investment management contracts as it has:
- a qualified power to control the exercise of the right to vote attached to the financial products; and
- a qualified power to acquire or dispose of the financial products.
The investment management contracts are not attached to this notice pursuant to regulation 142 of the Financial Markets Conduct
Regulations 2014 (Regulations).
For that relevant interest,—
(a) number held in class: 41,099,367
(c) total percentage held in class: 0.009%
Details of relevant interests

Details for:
Unknown
On-market trades
Off-market trades
Date of
transaction
1/11/2017
Off-market trades
Date of
transaction
1/11/2017
Contact details:
OnePath: ANZ Tower, 242 Pitt Street, Sydney NSW 2000, Australia
Steve Hesling, 0800 269 296, Steve.Hesling@anz.com
Nature of connection between substantial security holders:
ANZ Investments, ANZ Bank, ANZCS and OnePath are related bodies corporate under section 237(d) of the Financial Markets
Conduct Act 2013.
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: None
Additional information
Address(es) of substantial product holder(s):
ANZ Investments, ANZ Bank and ANZCS: ANZ Centre, 23-29 Albert Street, Auckland 1010
9,936.00 10,283.76
Off-market Purchase9,936.00 10,283.76
Transaction Type
Name of other party to
the transactionSharesConsideration (NZD)
Details of the transactions or other events requiring disclosure by ANZ Bank New Zealand Limited:
Off-market Purchase9,936.00 10,283.76
9,936.00 10,283.76
Details of the transactions or other events requiring disclosure by ANZ Custodial Services New Zealand Limited:
Transaction Type
Name of other party to
the transactionSharesConsideration (NZD)
7,791,287.00 8,802,818.36
On-market Purchases11/8/2017 - 11/12/20178,130,287.00 8,461,966.84
On-market Sales11/8/2017 - 11/12/2017(339,000.00) 340,851.52
For that relevant interest,—
OnePath also has a relevant interest in the holdings of ANZ New Zealand Investments Limited, ANZ Bank New Zealand Limited,
ANZ Custodial Services New Zealand Limited as disclosed in this notice, because all of these companies are related bodies
corporate.
Details of transactions and events giving rise to beginning a substantial holding
Details of the transactions or other events requiring disclosure by ANZ New Zealand Investments Limited:
Transaction TypePeriodSharesConsideration (NZD)
(a) number held in class: 78,176
(b) percentage held in class: 0.009%
(c) current registered holder(s) of securities:
(d) registered holder(s) once transfers are registered: J.P. Morgan Nominees Australia Limited
ANZCS also has a relevant interest in the holdings of ANZ Bank New Zealand Limited, ANZ New Zealand Investments Limited and
OnePath Funds Management Limited (Australia), as disclosed in this notice, because all of these companies are related bodies
corporate.
OnePath Funds Management Limited (Australia)
Nature of relevant interest(s):
OnePath Funds Management Limited (OnePath) is the responsible entity of a number of registered managed investment schemes
and the trustee of a number of unregistered schemes under investment management contracts. OnePath has a relevant interest in
the financial products arising only from the powers of investment contained in the investment management contracts as it has:
- a qualified power to control the exercise of the right to vote attached to the financial products; and
- a qualified power to acquire or dispose of the financial products.
The investment management contracts are not attached to this notice pursuant to regulation 142 of the Regulations.

Certification
I,
in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made.
Steve Hesling, certify that, to the best of my knowledge and belief, the information contained