SPH Notice – UBS Group AG and its related bodies corporate

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

To: NZX Limited
and
To: NZME Limited
Date this disclosure made: 7 September 2018
Date on which substantial holding began: 5 September 2018

Substantial product holder(s) giving disclosure
Full name(s): UBS Group AG and its related bodies corporate

Summary of substantial holding
Class of quoted voting products: Ordinary shares
Summary for: UBS Group AG and its related bodies corporate
For this disclosure,—
(a) total number held in class: 10,061,838
(b) total in class: 196,011,282
(c) total percentage held in class: 5.13%

Details of relevant interests
Details for: UBS AG Australia Branch
Nature of relevant interest(s): Prime Broker that has exercised its borrowing right in respect of shares pursuant
to a Prime Broking Agreement
For that relevant interest,—
(a) number held in class: 9,398,445
(b) percentage held in class: 4.79%
(c) current registered holder(s): Not applicable
(d) registered holder(s) once transfers are registered: UBS AG Australia Branch
For a derivative relevant interest, also—
(a) type of derivative: Not applicable
(b) details of derivative: Not applicable
(c) parties to the derivative: Not applicable
(d) if the substantial product holder is not a party to the derivative, the nature of the relevant
interest in the derivative: Not applicable

Details for: UBS AG London Branch
Nature of relevant interest(s): Power to control disposal over shares pursuant to stock borrowing and lending
activities
For that relevant interest,—
(a) number held in class: 20,000
(b) percentage held in class: 0.01%
(c) current registered holder(s): Not applicable
(d) registered holder(s) once transfers are registered: UBS AG London Branch

Nature of relevant interest(s): Beneficial Owner
For that relevant interest,—
(a) number held in class: 1,685
(b) percentage held in class: 0.00%
(c) current registered holder(s): Not applicable
(d) registered holder(s) once transfers are registered: UBS AG London Branch
For a derivative relevant interest, also—
(a) For a derivative relevant interest, also—
(a) type of derivative: Not applicable
(b) details of derivative: Not applicable
(c) parties to the derivative: Not applicable
(d) if the substantial product holder is not a party to the derivative, the nature of the relevant
interest in the derivative: Not applicable

Details for: UBS Securities Australia Ltd
Nature of relevant interest(s): Beneficial Owner
For that relevant interest,—
(a) number held in class: 641,708
(b) percentage held in class: 0.33%
(c) current registered holder(s): Not applicable
(d) registered holder(s) once transfers are registered: UBS Securities Australia Ltd
For a derivative relevant interest, also—
(a) type of derivative: Not applicable
(b) details of derivative: Not applicable
(c) parties to the derivative: Not applicable
(d) if the substantial product holder is not a party to the derivative, the nature of the relevant
interest in the derivative: Not applicable

Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure: Please see Appendix A.

Additional information
Address(es) of substantial product holder(s): Details of all UBS offices can be found through the following
link: http://apps2.ubs.com/locationfinder/

Contact details: Serene Peh
Tel: +65 6495 5283
Email: Serene.peh@ubs.com

Nature of connection between substantial product holders:
UBS AG Australia Branch: Related body corporate
UBS AG London Branch: Related body corporate
UBS Securities Australia Ltd: Related body 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: Not
applicable

Certification
We, certify that, to the best of our knowledge and belief, the information contained in this disclosure is correct
and that we are duly authorised to make this disclosure by all persons for whom it is made.


SIGNATURE


Print Name:


Philip Alexander

Capacity:

Authorised signatory

Sign Here:


Date:

7 September 2018


Print Name:


Serene Peh

Capacity:

Authorised signatory

Sign Here:


Date:

7 September 2018

NZM - Appendix A
Date of
change
Person whose relevant interest changed
Nature of Change
Consideration
g
iven in
relation to change
(NZD)
Number of securities
Class
17-May-18
UBS AG Australia Branch
Sell
3,942
(4,637)

Ordinary
21-May-18
UBS AG Australia Branch
Sell
97,243
(116,180)

Ordinary
05-Jun-18
UBS AG Australia Branch
Sell
53,460
(66,000)

Ordinary
06-Jun-18
UBS AG London Branch
Sell
3,915
(4,700)

Ordinary
06-Jun-18
UBS AG London Branch
Buy
3,915
4,700

Swaps
06-Jun-18
UBS AG Australia Branch
Buy
170,100
210,000

Ordinary
06-Jun-18
UBS AG Australia Branch
Buy
396,900
490,000

Ordinary
07-Jun-18
UBS AG Australia Branch
Buy
773,279
938,400

Ordinary
07-Jun-18
UBS AG Australia Branch
Buy
492,480
600,000

Ordinary
07-Jun-18
UBS AG Australia Branch
Buy
1,804,318
2,189,600

Ordinary
07-Jun-18
UBS AG Australia Branch
Buy
1,149,120
1,400,000

Ordinary
08-Jun-18
UBS AG London Branch
Sell
4,187
(5,044)

Ordinary
08-Jun-18
UBS AG London Branch
Buy
4,187
5,044

Swaps
11-Jun-18
UBS AG London Branch
Sell
4,270
(5,044)

Ordinary
11-Jun-18
UBS AG London Branch
Buy
4,270
5,044

Swaps
11-Jun-18
UBS AG Australia Branch
Buy
28,170
34,118

Ordinary
11-Jun-18
UBS AG Australia Branch
Buy
65,728
79,607

Ordinary
12-Jun-18
UBS AG London Branch
Sell
3,501
(4,156)

Ordinary
12-Jun-18
UBS AG London Branch
Buy
3,501
4,156

Swaps
17-Jun-18
UBS AG Australia Branch
Buy
16,005
19,174

Ordinary
17-Jun-18
UBS AG Australia Branch
Buy
37,347
44,741

Ordinary
18-Jun-18
UBS AG Australia Branch
Buy
764,280
895,781

Ordinary
18-Jun-18
UBS AG Australia Branch
Buy
1,783,321
2,090,156

Ordinary
22-Jun-18
UBS AG London Branch
Buy
15,724
18,944

Ordinary
22-Jun-18
UBS AG London Branch
Buy
37,350
45,000

Ordinary
22-Jun-18
UBS AG London Branch
Sell
15,724
(18,944)

Swaps
06-Jul-18
UBS AG London Branch
Sell
23,780
(29,000)

Ordinary
09-Jul-18
UBS AG London Branch
Sell
7,380
(9,000)

Ordinary
09-Jul-18
UBS AG London Branch
Sell
4,713
(5,747)

Ordinary
10-Jul-18
UBS Securities Australia Ltd
Sell
12,085
(14,900)

Ordinary
10-Jul-18
UBS Securities Australia Ltd
Buy
12,085
14,900

Ordinary
10-Jul-18
UBS Securities Australia Ltd
Sell
1,374
(1,700)

Ordinary
10-Jul-18
UBS AG London Branch
Sell
26,035
(31,957)

Ordinary
10-Jul-18
UBS AG London Branch
Sell
3,332
(4,064)

Ordinary
11-Jul-18
UBS AG London Branch
Sell
2,003
(2,500)

Ordinary
11-Jul-18
UBS Securities Australia Ltd
Sell
218
(289)

Ordinary
11-Jul-18
UBS AG London Branch
Sell
12,060
(15,000)

Ordinary
12-Jul-18
UBS AG London Branch
Sell
1,230
(1,500)

Ordinary
12-Jul-18
UBS AG London Branch
Sell
13,989
(16,765)

Ordinary
13-Jul-18
UBS AG London Branch
Sell
830
(1,000)

Ordinary
13-Jul-18
UBS AG London Branch
Sell
21,355
(25,450)

Ordinary
16-Jul-18
UBS AG London Branch
Sell
19,050
(23,000)

Ordinary
16-Jul-18
UBS AG London Branch
Sell
44,642
(53,785)

Ordinary
17-Jul-18
UBS AG London Branch
Sell
706
(850)

Ordinary
17-Jul-18
UBS Securities Australia Ltd
Sell
506
(663)

Ordinary
17-Jul-18
UBS Securities Australia Ltd
Sell
141
(185)

Ordinary
17-Jul-18
UBS Securities Australia Ltd
Sell
4,437
(5,800)

Ordinary
17-Jul-18
UBS Securities Australia Ltd
Buy
4,437
5,800

Ordinary
17-Jul-18
UBS AG London Branch
Sell
3,320
(4,000)

Ordinary
18-Jul-18
UBS AG London Branch
Sell
687
(808)

Ordinary
19-Jul-18
UBS AG London Branch
Sell
239
(285)

Ordinary
20-Jul-18
UBS AG London Branch
Sell
12,497
(15,057)

Ordinary
23-Jul-18
UBS Securities Australia Ltd
Sell
2
(3)

Ordinary
23-Jul-18
UBS Securities Australia Ltd
Buy
6,021
7,900

Ordinary
23-Jul-18
UBS Securities Australia Ltd
Sell
6,021
(7,900)

Ordinary
26-Jul-18
UBS Securities Australia Ltd
Sell
263
(344)

Ordinary
26-Jul-18
UBS Securities Australia Ltd
Sell
46
(59)

Ordinary
31-Jul-18
UBS Securities Australia Ltd
Buy
4,057
5,300

Ordinary
31-Jul-18
UBS Securities Australia Ltd
Sell
4,057
(5,300)

Ordinary
02-Aug-18
UBS Securities Australia Ltd
Sell
25
(32)

Ordinary
03-Aug-18
UBS Securities Australia Ltd
Sell
1,655
(2,169)

Ordinary
03-Aug-18
UBS Securities Australia Ltd
Buy
4,978
6,500

Ordinary
03-Aug-18
UBS Securities Australia Ltd
Sell
4,978
(6,500)

Ordinary
08-Aug-18
UBS Securities Australia Ltd
Sell
992
(1,305)

Ordinary
08-Aug-18
UBS Securities Australia Ltd
Sell
2,747
(3,606)

Ordinary
14-Aug-18
UBS Securities Australia Ltd
Sell
9,278
(12,100)

Ordinary
14-Aug-18
UBS Securities Australia Ltd
Buy
9,278
12,100

Ordinary
14-Aug-18
UBS Securities Australia Ltd
Sell
2
(3)

Ordinary
21-Aug-18
UBS Securities Australia Ltd
Sell
281
(370)

Ordinary
21-Aug-18
UBS Securities Australia Ltd
Sell
8
(10)

Ordinary
22-Aug-18
UBS Securities Australia Ltd
Sell
3,687
(4,800)

Ordinary
23-Aug-18
UBS Securities Australia Ltd
Sell
3,728
(5,711)

Ordinary
27-Aug-18
UBS AG London Branch
Sell
37,083
(56,590)

Ordinary
29-Aug-18
UBS AG London Branch
Sell
10,544
(15,976)

Ordinary
30-Aug-18
UBS Securities Australia Ltd
Sell
1,998
(3,390)

Ordinary
03-Sep-18
UBS AG London Branch
Stock borrowed
N/A
20,000

Ordinary
05-Sep-18
UBS Securities Australia Ltd
Buy
191,149
320,617

Ordinary
05-Sep-18
UBS AG Australia Branch
Buy
132,553
204,383

Ordinary