SPH Notice – BNP Paribas Nominees Ltd and Smartshares Ltd

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 Energy Mad Limited
Relevant event being disclosed: Movement of 1% or more in substantial holdings
Date of relevant event: 22 May 2018
Date this disclosure made: 22 May 2018
Date last disclosure made: 21 February 2017
Substantial product holder(s) giving disclosure
Full name(s): BNP Paribas Nominees (NZ) Limited and Smartshares Limited
Summary of substantial holding
Class of quoted voting products: Ordinary shares in Energy Mad Limited (MAD)
Summary for BNP Paribas Nominees (NZ) Limited and Smartshares Limited
For this disclosure,—
(a) total number held in class: 133,549,530
(b) total in class: 175,836,635
(c) total percentage held in class: 75.951%
For last disclosure,—
(a) total number held in class: 105,149,530
(b) total in class: 147,436,635
(c) total percentage held in class: 71.318%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: Energy Mad Limited issued
284,000 convertible loan notes to SuperLife Limited for an issue price of $284,000 in
accordance with a Convertible Loan Note Agreement dated 25 November 2014 signed by
both parties. On 2 November 2016 the holding of the convertible loan notes transferred to
BNP Paribas Nominees (NZ) Limited and Smartshares Limited, respectively, as custodian
and manager of the SuperLife Invest scheme. For the purposes of the Convertible Loan
Note Agreement, Smartshares Limited and Energy Mad Limited have agreed that the

convertible notes are convertible to ordinary shares in Energy Mad at a conversion price
per share of $0.01 on 22 May 2018. The issuance of ordinary shares in Energy Mad Limited
on the conversion of the convertible loan notes has previously been approved by the
shareholders of Energy Mad Limited.
Details after relevant event
Details for BNP Paribas Nominees (NZ) Limited
Nature of relevant interest(s): Registered holder of financial products
For that relevant interest,—
(a) number held in class: 133,549,530
(b) percentage held in class: 75.951%
(c) current registered holder(s): BNP Paribas Nominees (NZ) Limited
(d) registered holder(s) once transfers are registered: No change
Details for Smartshares Limited
Nature of relevant interest(s): Ability to control the exercise of the right to vote due to the
provisions of the SuperLife Invest Trust Deed which is available on the Disclose Register.
For that relevant interest,—
(a) number held in class: 133,549,530
(b) percentage held in class: 75.951%
(c) current registered holder(s): BNP Paribas Nominees (NZ) Limited
(d) registered holder(s) once transfers are registered: No change
(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: N/A

Additional information
Address(es) of substantial product holder(s): Level 7, Zurich House, 21 Queen Street,
Auckland 1011 PO Box 106 555, Auckland 1143, New Zealand
Contact details: Stephen Upton, DDI: (09) 308 2688
Nature of connection between substantial product holders: BNP Paribas Nominees (NZ)
Limited is the custodian of the SuperLife Invest managed investment scheme and
Smartshares Limited is the manager of the SuperLife Invest managed investment scheme.
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: N/A

Certification
I, Stephen Upton, 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.