SPH Notice – Australian Ethical Investment Limited

Phone 02 8276 6288 Email enquiries@australianethical.com.au
Web australianethical.com.au Post GPO Box 8, GPO Box Centre, Sydney NSW 2001
Australian Ethical Investment Ltd ABN 47 003 188 930 AFSL 229949

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;and
To Eroad Limited
Date this disclosure made: 30 October 2018
Date on which substantial holding began: 29 October 2018
Substantial product holder(s) giving disclosure
Full name(s): National Nominees Ltd ACF Australian Ethical Investment Limited
(ABN 51 003 188 930)

Summary of substantial holding
Class of quoted voting products: Ordinary shares
Summary for ERD
For this disclosure,—
(a) total number held in class: 3,560,075
(b) total in class: 68,278,772
(c) total percentage held in class: 5.21%
Details of relevant interests
Details for National Nominees Ltd ACF Australian Ethical Investment Limited
Nature of relevant interest(s): National Nominees Limited ACF Australian Ethical Investment
Limited is the registered holder and beneficial owner of the Products. Please note that National
Nominees Ltd is the custodian of registered managed investment schemes; Australian Ethical
Investment Limited is the Responsible Entity. A relevant agreement need not be attached under
regulation 139.
For that relevant interest,—
(a) number held in class: 3,560,075
(b) percentage held in class: 5.21%
(c) current registered holder(s): Unknown
(d) registered holder(s) once transfers are registered: Unknown

Phone 02 8276 6288 Email enquiries@australianethical.com.au
Web australianethical.com.au Post GPO Box 8, GPO Box Centre, Sydney NSW 2001
Australian Ethical Investment Ltd ABN 47 003 188 930 AFSL 229949

For a derivative relevant interest, also—
(a) type of derivative: N/A
(b) details of derivative: N/A
(c) parties to the derivative: N/A
(d) if the substantial product holder is not a party to the derivative, the nature of the relevant
interest in the derivative: N/A
Additional information
Address(es) of substantial product holder(s): National Nominees Ltd, Level 12, 500 Bourke
Street, Melbourne VIC 3000
Contact details: David Wilson, Fund Accounting Manager, Australian Ethical Investment
Limited +61 2 8276 6230 and dwilson@australianethical.com.au
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, Tom May, Company Secretary, Australian Ethical Investment Limited 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.

Phone 02 8276 6288 Email enquiries@australianethical.com.au
Web australianethical.com.au Post GPO Box 8, GPO Box Centre, Sydney NSW 2001
Australian Ethical Investment Ltd ABN 47 003 188 930 AFSL 229949

Annexure A
ERD-NZ
Eroad Ltd
National Nominees Ltd ACF Australian Ethical Investment Ltd
% This Report
% Previous Report
% Movement
AEI Holding
Issued Shares
Holds
5.21
0.00
5.21
3,560,075


68,278,772


Notice Required: Form 603 - Notice of initial substantial holder
Date of Change
Person whose
relevant interest
changed
Nature of
Change
Consideration given in
relation to change
Class and number of securities
affected
Person whose votes affected
29/10/2018
National Nominees
Ltd ACF Australian
Ethical Investment
Ltd
Buy
2,705,400.00


1,000,000


National Nominees Ltd ACF Australian
Ethical Investment Ltd
29/10/2018
ditto
Buy
270,540.00


100,000


ditto
12/10/2018
ditto
Buy
15,024.51


5,049


ditto
11/10/2018
ditto
Buy
85,856.22


29,097


ditto
11/10/2018
ditto
Buy
6,463.64


2,191


ditto
26/09/2018
ditto
Buy
194,107.44


58,000


ditto
21/09/2018
ditto
Buy
186,553.98


55,743


ditto
20/09/2018
ditto
Buy
38,727.78


11,572


ditto
19/09/2018
ditto
Buy
44,822.09


13,393


ditto
18/09/2018
ditto
Buy
64,647.28


19,292


ditto
11/09/2018
ditto
Buy
12,804.06


3,651


ditto
7/09/2018
ditto
Buy
44,501.36


12,799


ditto
5/09/2018
ditto
Buy
74,446.60


21,228


ditto
4/09/2018
ditto
Buy
52,142.08


14,868


ditto
23/08/2018
ditto
Buy
131,025.03


37,361


ditto
22/08/2018
ditto
Buy
15,613.16


4,452


ditto
21/08/2018
ditto
Buy
26,867.13


7,661


ditto
20/08/2018
ditto
Buy
63,018.63


17,992


ditto
17/08/2018
ditto
Buy
140,280.00


40,000


ditto
16/08/2018
ditto
Buy
350,700.00


100,000


ditto
15/08/2018
ditto
Buy
28,056.00


8,000


ditto
9/08/2018
ditto
Buy
210,420.00


60,000


ditto
8/08/2018
ditto
Buy
87,632.42


25,000


ditto
8/08/2018
ditto
Buy
246,552.05


70,337


ditto
7/08/2018
ditto
Buy
113,289.83


32,875


ditto
1/08/2018
ditto
Buy
298,495.80


90,000


ditto
1/08/2018
ditto
Buy
33,166.20


10,000


ditto
30/07/2018
ditto
Buy
172,714.34


52,000


ditto
23/07/2018
ditto
Buy
114,678.90


35,000


ditto
20/07/2018
ditto
Buy
94,755.21


29,008


ditto
16/07/2018
ditto
Buy
166,081.50


51,000


ditto
11/07/2018
ditto
Buy
196,855.43


60,450


ditto
11/07/2018
ditto
Buy
14,817.08


4,550


ditto
10/07/2018
ditto
Buy
302,714.72


93,000


ditto
10/07/2018
ditto
Buy
22,784.98


7,000


ditto
28/06/2018
ditto
Buy
1,042,614.47


293,108


ditto
28/06/2018
ditto
Buy
106,713.00


30,000


ditto
8/06/2018
ditto
Buy
69,739.20


20,000


ditto
8/06/2018
ditto
Buy
523,044.00


150,000


ditto
7/06/2018
ditto
Buy
104,909.40


30,000


ditto
7/06/2018
ditto
Buy
1,049,094.00


300,000


ditto
7/06/2018
ditto
Buy
244,788.60


70,000


ditto
6/06/2018
ditto
Buy
61,372.50


17,500


ditto
6/06/2018
ditto
Buy
815,377.50


232,500


ditto
5/06/2018
ditto
Buy
57,514.80


16,400


ditto
5/06/2018
ditto
Buy
764,518.99


217,998


ditto