SPH Notice – Prusik fund PLC

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Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
Note: This form must be completed in accordance with the instructions at the end of the
form.
To [New Zealand Stock Exchange]
and
To [Fonterra Co-operative Group Limited]
Date this disclosure made: 31
st
May 2018
Date last disclosure made: 13
th
March 2018
Date on which substantial holding ceased: 30
th
May 2018
Substantial product holder(s) giving disclosure
Full name(s): Prusik Umbrella UCITS fund PLC / Prusik Asian Equity Income Fund PLC
Summary of previous substantial holding
Class of quoted voting products: [Ordinary shares, FSF NZ Equity]
Summary for [Prusik Umbrella UCITS fund PLC / Prusik Asian Equity Income Fund PLC]
For last disclosure,—
(a) total number held in class: [7,500,000 shares]
(b) total in class: [136,300,000 shares]
(c) total percentage held in class: [5.5%]
For current holding after ceasing to have substantial holding,—
(a) total number held in class: [6,000,000 shares]
(b) total in class: [130,900,000 shares]
(c) total percentage held in class: [4.58%]
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure:
• [ Holding as at 27
th
May 2018 = 7,500,000 shares.
• Sale of 239,345 shares on 28
th
May 2018.
• Holding as at 28th May 2018 = 7,260,655 shares.
• Sale of 525,422 shares on 29th May 2018.

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• Holdings as at 29th May 2018 = 6,735,233 shares.
• Sale of 735,233 shares on 30
th
May 2018.
• Holdings as at 30
th
May = 6,000,000 shares.]
Additional information
Address(es) of substantial product holder(s): [33 Sir John Rogerson’s Quay, Dublin 2,
Ireland]
Contact details: [Contact person: Tony Morris (a partner of the Investment Manager,
Prusik Investment Management LLP), Email: Tony.Morris@prusikim.com
, Telephone
number: +65 6333 4750]
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, [Tony Morris], 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.

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Instructions
General directions on how to use this form
To use this form,—
• replace the text in [square brackets] with the relevant information or with “not
applicable”; and
• type the information required (it must not be handwritten); and
• remove italicised instructions; and
• attach the relevant agreement documents required by regulation 139 (if any).
You need not set out the disclosure in the same format as this form, but the format you
use must—
• use a font and font size that are easily readable; and
• include the same headings and words as this form (other than the italicised
instructions); and
• present the information in the same order as in this form; and
• not be misleading in any way.
In this form, a reference to a substantial product holder includes a reference to a
person who has ceased to have a substantial holding.
If you had a substantial holding in more than 1 class of quoted voting products of a listed
issuer, you must make a separate disclosure for each substantial holding.
Disclosure to the licensed market operator using this form must be sent (if reasonably
possible) by email in the electronic format required by the operator for dissemination, or
otherwise by email in another electronic format, by another electronic method consented
to by the operator, or (if none of these is reasonably possible) by delivery.
Disclosure to the listed issuer using this form must be sent by email or another electronic
method consented to by the issuer or by delivery.
Specific instructions on disclosure required by form
The date last disclosure made is the date on which the last disclosure was given to the
licensed market operator and listed issuer for the same substantial holding.
Substantial product holder(s) giving disclosure
You may give 1 disclosure for 2 or more substantial product holders if—
• they have a similar or related substantial holding in the same listed issuer; and
• they are disclosing the same type of event disclosure; and

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• they are associates under section 12(1) of the Financial Markets Conduct Act 2013
or connected in the ways set out in section 237(a) to (e) of that Act (and this
association or connection is set out in this form under the heading “Additional
information”); and
• it is clear which information relates to which substantial product holder(s) in the
disclosure, and the disclosure is not confusing in any other way as a consequence.
Summary of previous substantial holding
Under this heading, state the name(s) of the substantial product holder(s) to which the
summary relates. Separate summaries should be given (repeated within this form or
attached to this form) for each substantial product holder for whom the information differs.
For the last disclosure,—
• the total number held in class is the total number of quoted voting products, in
the class, in which the named substantial product holder had a relevant interest at
the time of the relevant event for the last disclosure (see the date given for the
relevant event in default form 1 or for the relevant event in default form 2,
whichever form was used for the last disclosure):
• the total in class is the total number of quoted voting products in the class stated
in the last disclosure, unless you know that number was incorrect:
• the total percentage held in class is the total number held in class divided by the
total in class multiplied by 100 (rounded to 3 decimal places).
For current holding after ceasing to have substantial holding,—
• the total number held in class is the total number of quoted voting products, in
the class, in which the named financial product holder had a relevant interest
immediately after ceasing to have a substantial holding:
• the total in class is the total number of quoted voting products in the class stated
immediately after the named financial product holder ceases to have a substantial
holding:
• the total percentage held in class is the total number held in class divided by the
total in class multiplied by 100 (rounded to 3 decimal places).
If the person has a relevant interest in a derivative where the underlying is a quoted voting
product of a listed issuer, the person is treated as having a relevant interest in a number of
those products that is calculated under regulation 132. Accordingly, the total number
held in class (for the last disclosure or the current holding after ceasing to have a
substantial holding or both, as the case may be) must include this number of products.
Details of transactions and events giving rise to ceasing of substantial holding
Disclosure is required for the transactions or events as a result of which (together or alone)
the person ceased to have the substantial holding.
For each of those transactions or events, or for on-market trades that may be aggregated
under these instructions, insert the following details as a narrative or list, clearly indicating

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which relevant interest or interests were affected and (if disclosure is given for more than
1 substantial product holder) who was the substantial product holder:
• the date of the transaction or event (or the date of the beginning and end of the
period of aggregated on-market trades):
• the nature of the transaction or event. This is the means by which the relevant
interest was acquired, disposed of, or changed in nature (for example, “exercise of
options”, “entry into pre-bid agreement”):
• the name of any other party or parties to the transaction or event (if known and if
not an on-market trade):
• the consideration, expressed in New Zealand dollars, received for the disposal of the
relevant interest (or the total consideration received for aggregated on-market
trades). If the consideration was not in cash, and cannot readily be converted into a
cash value, describe that consideration:
• the number of financial products to which the transaction or event related (or the
total number of financial products to which the aggregated on-market trades
related).
On-market trades may be aggregated for the purposes of this disclosure (but acquisitions
and dispositions must be separately aggregated).
An on-market trade is an acquisition or a disposition of a quoted voting product that is
traded on, or reported through, the trading system operated by the licensed market
operator or a financial product market in a jurisdiction set out in Schedule 15.
Additional information
The disclosure relating to the nature of connection between substantial product
holders is the justification for giving the disclosure for more than 1 holder (if 1 disclosure
is made for 2 or more holders).
Certification
Under section 512 of the Financial Markets Conduct Act 2013, it is an offence if a person
makes, or authorises the making of, a materially false or misleading statement in this form
knowing it to be false or misleading.