SPH Notice – First NZ Capital Group Limited

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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 NZX Limited
and
To Vista Group International Limited (VGL)
Relevant event being disclosed: Disclosure of movement of 1% or more in substantial
holding
Date of relevant event: 19 December 2017
Date this disclosure made: 20 December 2017
Date last disclosure made: 16 September 2016
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: 14,944,686
(b) total in class: 164,756,926
(c) total percentage held in class: 9.071%
For last disclosure,—
(a) total number held in class: 6,439,186
(b) total in class: 80,301,488
(c) total percentage held in class: 8.019%%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: As noted above, on 16
September 2016, First NZ Capital Group Limited disclosed a relevant interest in 6,439,186
(8.019%) Vista Group International Limited (VGL) shares.
In the period from the last disclosure, as part of normal on-market trading activity under
discretionary investment mandates, Harbour Asset Management Limited purchased

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16,267,816 shares for a gross consideration of $48,023,987.92, and sold 7,774,283 VGL
shares for a gross consideration of $42,226,074. As a result of these transactions,
Harbour Asset Management Limited has, at the date of this notice, a relevant interest in
14,813,046 (8.991%) VGL shares.
In the period from the last disclosure, as part of normal on-market trading First NZ Capital
Securities Limited purchased and sold a net of 11,967 VGL shares. As a result of these
transactions, First NZ Capital Securities Limited has, at the date of this notice, a relevant
interest in 131,640 (0.080%) VGL shares.
As a result of these transactions, First NZ Capital Group Limited (which includes the related
body corporates Harbour Asset Management Limited and First NZ Capital Securities
Limited) has, at the date of this notice, a relevant interest in 14,944,686 (9.071%) VGL
shares.
Details after relevant event
Details for Harbour Asset Management Limited
Nature of relevant interest(s): 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 contracts with clients (the beneficial owners of the products).
For that relevant interest,—
(a) number held in class: 14,813,046
(b) percentage held in class: 8.991%
(c) current registered holder(s): Various nominee companies on behalf of clients as
beneficial owners.
(d) registered holder(s) once transfers are registered: Various nominee companies on
behalf of clients as beneficial owners.
No relevant agreement needs to be attached under Regulation 139.
Details for First NZ Capital Securities Limited
Nature of relevant interest(s): Beneficial owner of financial products
For that relevant interest,—
(a) number held in class: 131,640
(b) percentage held in class: 0.080%
(c) current registered holder(s): First NZ Capital Securities Limited
(d) registered holder(s) once transfers are registered: N/A
No relevant agreement needs to be attached under Regulation 139.

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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.
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.