SPH Notice – Harbour Asset Management Limited

041898866/2178860.1
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 Scales Corporation Limited (SCL)
Relevant event being
disclosed
Disclosure of movement of 1% or more in substantial
holding
Date of relevant event: 18 January 2018
Date this disclosure made: 19 January 2018
Date last disclosure made: 8 December 2016

Substantial product holder(s) giving disclosure
Full name(s): Harbour Asset Management Limited

Summary of substantial holding
Class of quoted voting
products:
Ordinary shares
Summary for: Harbour Asset Management Limited
For this
disclosure -
(a) total
number held
in class:
11,578,080


(b) total in
class:
140,510,292

(c) total
percentage
held in class:
8.240%
For last
Disclosure -

(a) total
number held
in class:
9,934,351
(b) total in
class:
139,779,006
(c) total
percentage
held in class:
7.107%

041898866/2178860.1
Details of transactions and events giving rise to relevant event
Details of the transactions
or other events requiring
disclosure:
As noted above, on 8 December 2016, Harbour Asset
Management Limited had disclosed an interest in
9,929,554 (7.104%) SCL shares.
Since 8 December 2016, as a result of normal market
trading activity, Harbour Asset Management Limited has
sold 666,785 SCL shares for a total consideration of
$2,303,961 and purchased 2,315,311 SCL shares for a
total consideration of $9,323,431. As a result, Harbour
Asset Management Limited has, at the date of this notice,
a relevant interest in 11,578,080 (8.240%) SCL shares.
First NZ Capital Securities Limited has disposed of the
holding of 4,797 (0.003%) SCL shares that it held at 8
December 2016 in the ordinary course of market trading,
and holds no SCL shares at 18 January 2018.

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 management
contracts with clients (the
beneficial owners of the
products).

For that
relevant
interest -
number held in
class:
11,578,080
percentage held
in class:
8.240%


current
registered
holder of
financial
products:
Various nominee
companies on behalf of
clients as beneficial
owners.

041898866/2178860.1
registered
holder of
financial
products once
transfer is
registered:
Various nominee
companies on behalf of
clients as beneficial
owners.
No relevant agreement
needs to be attached
under regulation 139.



Additional information
Address(es) of substantial
product holder(s):
Level 16, 171 Featherston Street, Wellington
Contact details:
Kate Livingston, + 64 9 307 5747,
kate.livingston@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, Kate Livingston, 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.