SPH Notice – First NZ Capital Group Limited

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Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013

To NZX Limited
and
To Sanford Limited (SAN)
Date this disclosure made: 20 December 2017
Date on which substantial
holding began:
19 December 2017

Substantial product holder(s) giving disclosure
Full name(s): First NZ Capital Group Limited

Summary of substantial holding
Class of quoted voting
products:
Ordinary shares
Summary for: Harbour Asset Management Limited and First NZ Capital
Securities Limited
For this
disclosure -
(a) total
number held
in class:
4,701,223

(b) total in
class:
93,626,735
(c) total
percentage
held in class:
5.021%

Details of relevant interests

Details for: First NZ Capital Securities
Limited
Harbour Asset
Management Limited
Nature of relevant
interest(s):
Beneficial owner of
financial products
As fund manager, the
power to exercise a right to
vote attached to, and
power to acquire or
dispose of, the products,
under powers of
investment contained in
investment management
contracts with clients (the

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beneficial owners of the
products).
For that
relevant
interest -
number held
in class:
20,504 4,680,719

percentage
held in class:
0.022%

4.999%
current
registered
holder of
financial
products:
unknown 4,680,719 - various
nominee companies on
behalf of clients as
beneficial owners.
registered
holder of
financial
products once
transfer is
registered:
First NZ Capital Securities
Limited


No relevant agreement
needs to be attached under
regulation 139.

Various nominee
companies on behalf of
clients as beneficial
owners.
No relevant agreement
needs to be attached under
regulation 139.



Details of transactions and events giving rise to relevant event
Details of the transactions
or other events requiring
disclosure:
From 19 August 2017, in the ordinary course of business,
Harbour Asset Management Limited purchased 646,509,
for a gross consideration of $5,033,087, and sold 62,550
for a gross consideration of $477,338 SAN shares on
behalf of clients as beneficial owners, taking its total
holdings in SAN on behalf of clients as beneficial owners
to 4.999%. This, together with First NZ Capital Securities
Limited’s daily trading position in SAN of 20,504, created
a substantial product holding for First NZ Capital Group
Limited of 5.021%.


Additional information
Address(es) of substantial
product holder(s):
Level 14, 171 Featherston Street, Wellington
Contact details:
Helen Stevens, + 64 4 474 4430,
helen.stevens@fnzc.co.nz
Nature of connection
between substantial product
holders:
First NZ Capital Group Limited, First NZ Capital Securities
Limited and Harbour Asset Management Limited are
related bodies corporate.

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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.
Certification
I, Helen Stevens, 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.