SPH Notice – Salt Funds Management Limited

100080615/3821102.1
1
Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To NZX Limited
and
To Kiwi Property Group Limited
Date this disclosure made: 25 June 2018
Date on which substantial holding began: 21 June 2018
Substantial product holder(s) giving disclosure
Full name(s): Salt Funds Management Limited
Summary of substantial holding
Class of quoted voting products: Kiwi Property Group Limited Ordinary Shares (KPG)
Summary for Salt Funds Management Limited
For this disclosure,—
(a) total number held in class: 71,966,219
(b) total in class: 1,429,409,795
(c) total percentage held in class: 5.035%

Details of relevant interests
Details for Salt Funds Management Limited
Nature of relevant interest(s): Investment Manager
For that relevant interest,—
(a) number held in class: 71,966,219
(b) percentage held in class: 5.035%
(c) current registered holder(s):
(d) registered holder(s) once transfers are registered: See Annexure 1
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure:
On June 21
st
2018, and the four months prior, Salt Funds Management undertook the
following transactions as part of normal on-market trading activities, dividend
reinvestment and an off-market in-specie transfer.

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Transaction Type Period Shares/Units Consideration
In-specie transfer 01/05/18 174,348 $232,754.58
On-market purchases 04/05/18 – 21/06/18 2,250,000 $3,053,374.46
Dividend reinvestment 05/06/18 1,723,226 $2,346,350.43
On-market sales 28/02/18 – 12/06/18 (1,395,010) (1,893,438.66)

2,752,564


Additional information
Address(es) of substantial product holder(s): Level 3, The Imperial Buildings, 44 Queen
Street, Auckland 1050
Contact details:
Julia Diepbrink, Telephone: 09 869 2933, Email: Julia.diepbrink@saltfunds.co.nz
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: Not applicable.
Certification
I, Julia Diepbrink, 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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ANNEXURE 1
SUBSTANTIAL SECURITY HOLDER NOTICE FROM SALT FUNDS MANAGEMENT LTD
DATED 25 June 2018
Name of type of shares
Kiwi Property Group Limited Ordinary Shares
(KPG)
Percentage held 5.035%

Registered holder:
Guardian Nominees No.2 Ltd (as custodian for
BT Funds Management (NZ) Ltd)
Holding: 58,836,384 (4.116%)
Registered holder:
National Nominees Ltd (as custodian for Salt
Investment Funds Ltd)
Holding: 1,890,718 (0.132%)
Registered holder:
Trustees Executors Limited (as custodian for
TGH Equities Ltd)
Holding: 382,791 (0.027%)
Registered holder:
BNP Paribas Nominees (NZ) Ltd (as custodian for
AMP Capital Investors (New Zealand) Ltd)
Holding: 10,856,326 (0.759%)