Salt’s Carbon Fund Debuts on the NZX

Salt’s Carbon Fund Debuts on the NZX
Ticker code confirmed as CO2

8 November 2018 – (NZX: CO2) Salt Investment Funds Limited (Salt) is proud
to be listing New Zealand’s first-ever Carbon Fund (Fund) on the NZX today,
which will trade under the ticker code ‘CO2’.

Salt has initially raised more than $1 million in applications from a diverse
group of retail and institutional investors. The Fund is open-ended and will
continue to accept applications with a strong pipeline of interest.

Paul Harrison, Managing Director of Salt, said: “We want to acknowledge
and welcome all our initial investors in the Carbon Fund, and we look
forward to receiving ongoing applications.

“There has been a healthy level of interest and support. This is uncharted
territory for many investors, so we are particularly pleased with the result.

“We are receiving interest in the fund from three broad investor categories:
those seeking to invest in the future price of carbon as a commodity; those
with a financial risk exposed to a higher price on carbon; and those who
want to contribute to slowing climate change.

“Listing the fund on the NZX is about providing investors with a transparent
and dynamic trading environment, which in turn will build a stronger
understanding of the investor market for carbon,” said Mr Harrison.

“We started work on bringing a Carbon Fund to market more than six years
ago. Now is the right time to be doing this – ahead of the significant social,
economic, environmental and technological change coming in response
to our warming climate,” he added.

The fund’s risk rating is calculated as high. Salt encourages any interested
investor to seek independent financial advice before making any
investment decision. Investors can continue to invest directly in the Carbon
Fund through www.carbonfund.co.nz.

The Carbon Fund is managed by Salt Investment Funds Limited, a wholly
owned subsidiary of Salt Funds Management Limited. The Product
Disclosure Statement can be found on www.carbonfund.co.nz

ENDS

For more information, please contact:
Paul Harrison
Managing Director
Salt Funds Management Limited
021 557 935

Or

Hugo Shanahan
0275 111 561

About Salt Funds
Salt Funds Management is an award-winning boutique funds management
firm, with over NZ$2billion in funds under management. Using proprietary
research Salt specialises in managing New Zealand and Australian listed
equity and listed property portfolios. It operates an active investment
philosophy of seeking to invest in companies with strong management,
which operate within sound industry structures and generate superior
shareholder returns. For more information, please visit: www.saltfunds.co.nz