SPH Notice – Legg Mason Asset Management Australia Limited

Disclosure of beginning to have substantial holding
Section 276, 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 Fonterra Shareholders’ Fund
Date this disclosure made: 30 August 2018
Date on which substantial holding began:28 August 2018
Substantial product holder(s) giving disclosure
Full name(s): Legg Mason Asset Management Australia Limited
Summary of substantial holding
Class of quoted voting products: ordinary shares
Summary for substantial product holder(s) refer to Annexure A
For this disclosure,—
(a) total number held in class: 6,797,403
(b) total in class: 111,423,603
(c) total percentage held in class: 6.10%
Details of relevant interests
Details for substantial product holder(s) refer to Annexure A
Nature of relevant interest(s): register and beneficial holder (refer to Annexure A)
For that relevant interest,—
(a) number held in class: refer to Annexure A
(b) percentage held in class: refer to Annexure A
(c) current registered holder(s): refer to Annexure A
(d) registered holder(s) once transfers are registered: refer to Annexure A
For a derivative relevant interest, also—
(a) type of derivative: N/A
(b) details of derivative: N/A
(c) parties to the derivative:

(d) if the substantial product holder is not a party to the derivative, the nature of the relevant
interest in the derivative:
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure: refer to Annexure B
Additional information
Address(es) of substantial product holder(s): Level 47, 120 Collins Street, MELBOURNE
VICTORIA, AUSTRALIA 3000
Contact details: Legg Mason Asset Management Australia Limited
Quirino Lupo rlupo@leggmason.com
Ph: +61 3 9017 8600

Nature of connection between substantial product holders: Each of the bodies corporate referred
to in Annexure A is a related body corporate of Legg Mason Asset Management Australia
Limited.
Certification
I, Quirino Lupo, 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.

Annexure A

Holder of relevant
interest and Registed
holder of securities
Person entitled
to be registered
as holder
Nature of
relevant interest
Class and
number of
securities
affected

Total %
held in
class
Legg Mason Asset
Management Australia
Limited
BNP
Register and
beneficial holder
2,047,916.00
Fully Paid
ordinary
30%
Legg Mason Asset
Management Australia
Limited
JP Morgan
Register and
beneficial holder
891,526.00
Fully Paid
ordinary
13%
Legg Mason Asset
Management Australia
Limited
NCS
Register and
beneficial holder
2,024,162.00
Fully Paid
ordinary
30%
Legg Mason Asset
Management Australia
Limited
RBC
Register and
beneficial holder
1,833,799.00
Fully Paid
ordinary
27%









6,797,403.00

100%


Account Description Price
Custodian
Position



LA0001 LM MC CORE EQUITY TRUST 4.62 RBC 129,854.00
LA0003 LM MC TACTICAL ALLOC TST 4.62 RBC 32,557.00
LA0007 LM MC SELECT OPP TRUST 4.62 RBC 167,993.00
LA0008 LM MC SMALL COMP. FUND 4.62 RBC 35,281.00
LA0011 TELSTRA SUPER AU SM CAP 4.62 JP Morgan 707,942.00
LA0012 ENERGY SUPER PENSION 4.62 NCS 266,806.00
LA0014 IPAC INCOME GENERATOR 4.62 BNP 1,581,007.00
LA0015 LM MC EQUITY INC TRUST 4.62 RBC 1,005,454.00
LA0016 THE FIJI NPF BOARD 4.62 NCS 32,308.00
LA0021 USL DYNAMIC VALUE FUND 4.62 BNP 466,909.00
LA0023 Warakirri New Dimensions 4.62 JP Morgan 183,584.00
LA0031 LM MC ETHICAL INC VALUES 4.62 RBC 306,649.00
LA0036 USYD MC ETHICAL 4.62 NCS 196,738.00
LA0039 LM MC ETHICAL INC FD 4.62 RBC 94,204.00
LA0040 BETA SHARES EIT ETF 4.62 RBC 61,807.00
LA0042 ENERGY SUPER ACCUM 4.62 NCS 1,528,310.00





6,797,403

100080615/3821102.1
4
Annexure B

Legg Mason Asset Management Australia Limited
FSF trades – 4 months up to 28 August 2018

Trade date Trade Consideration Quantity Class
08/20/18 B 6,264 1,389 Ordinary Shares
08/16/18 S 13,955 3,156 Ordinary Shares
07/19/18 B 23,044 4,772 Ordinary Shares
07/19/18 B 83,456 17,361 Ordinary Shares
07/19/18 S 100,924 21,014 Ordinary Shares
07/19/18 B 14,730 3,067 Ordinary Shares
07/19/18 B 86,194 17,947 Ordinary Shares
07/19/18 B 14,267 2,968 Ordinary Shares
07/02/18 B 15,383 3,162 Ordinary Shares
06/29/18 S 14,980 3,002 Ordinary Shares
06/28/18 B 14,721 2,984 Ordinary Shares
06/25/18 S 34,646 7,203 Ordinary Shares
06/22/18 B 8,306 1,734 Ordinary Shares
06/21/18 B 50,647 10,726 Ordinary Shares
06/15/18 B 7,522 1,615 Ordinary Shares
06/13/18 B 31,407 6,647 Ordinary Shares
06/13/18 B 97,803 20,699 Ordinary Shares
06/13/18 B 8,269 1,750 Ordinary Shares
06/07/18 B 149,221 31,415 Ordinary Shares
05/23/18 B 8,142 1,665 Ordinary Shares
05/23/18 S 795,846 160,920 Ordinary Shares
05/23/18 S 39,110 7,908 Ordinary Shares
05/16/18 B 41,712 7,868 Ordinary Shares
05/11/18 B 7,899 1,486 Ordinary Shares
05/03/18 S 82,219 15,254 Ordinary Shares
04/30/18 B 22,167 4,152 Ordinary Shares
04/30/18 B 45,455 8,514 Ordinary Shares
04/30/18 B 61,339 11,489 Ordinary Shares
04/30/18 B 271,980 50,943 Ordinary Shares
02/15/18 B 134,742 24,133 Ordinary Shares
02/13/18 B 117,449 20,769 Ordinary Shares
02/13/18 B 164,645 29,042 Ordinary Shares
02/01/18 B 19,201 3,351 Ordinary Shares