SPH Notice – Harbour Asset Management Limited

041898866/2178860.1
Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013

To NZX Limited
and
To Steel and Tube Holdings Limited (STU)
Date this disclosure made: 7 September 2018
Date on which substantial
holding began:
6 September 2018

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:
8,754,574

(b) total in
class:
165,997,540
(c) total
percentage
held in class:
5.274%

Details of relevant interests

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).

041898866/2178860.1
For that
relevant
interest -
number held
in class:
8,754,574


percentage
held in class:
5.274%
current
registered
holder of
financial
products:
1) Newly issued shares
from a rights offer
being a bookbuild for
New Shares by the
company attributable
to rights not taken
up by the Closing
Date, including those
attributable to
shareholders who
were ineligible to
participate in the
rights offer (Shortfall
Bookbuild)
2) various nominee
companies on
behalf of clients as
beneficial owners.

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.





Details of transactions and events giving rise to relevant event
Details of the transactions
or other events requiring
disclosure:
As at 6 September 2018, Harbour Asset Management
Limited, on behalf of clients as beneficial owners,
purchased 3,925,975 ordinary shares in STU for a gross
consideration of $4,828,949.25 in the Shortfall Bookbuild
offer.
In the 4 months prior to 6 September 2018, Harbour
Asset Management Limited, on behalf of clients as
beneficial owners and in the ordinary course of business
has purchased 4,828,599 STU ordinary shares for a gross
consideration of $5,602,604.79.

041898866/2178860.1
Additional information
Address(es) of substantial
product holder(s):
Level 14, 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.