SPH Notice – Investment Services Group 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
and
To Freightways Limited
Date this disclosure made: 24/12/2018
Date on which substantial holding began: 21/12/2018
Substantial product holder(s) giving disclosure
Full name(s): Investment Services Group Limited (formerly Devon Funds Group
Limited)
Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Investment Services Group Limited
For this disclosure,—
(a) total number held in class: 7,774,281

(b) total in class: 155,378,437

(c) total percentage held in class: 5.00%
Details of relevant interests
Devon Funds Management Limited and Clarity Funds Management Limited are subsidiaries
of Investment Services Group Limited.
Details for Devon Funds Management Limited
Nature of relevant interest(s): Related party of Investment Services Group
Limited
For that relevant interest,—
Summary for Devon Funds Management Limited
(a) total number held in class: 7,774,281

(b) total in class: 155,378,437

(c) total percentage held in class: 5.00%

Units Custodian
7,245 BNP, on behalf of Devon Trans-Tasman Fund
255,887 Citibank, on behalf of private client
684,744 BNP, on behalf of private client
964,796 BNP, on behalf of Devon Trans-Tasman Fund
114,702 BNP, on behalf of private client
455,172 MMC, on behalf of private client
134,791 BNP, on behalf of private client
627,104 Citibank, on behalf of private client
469,916 JPM, on behalf of private client
1,697,920 Northern Trust, on behalf of private client
227,158 JPM, on behalf of private client
414,694 Public Trust, on behalf of private client
255,997 BNP, on behalf of Trans-Tasman fund
247,452 BNP, on behalf of private client
399,971 BNP, on behalf of private client
102,986 JPM, on behalf of private client
713,746 Citibank, on behalf of private client

Details for Clarity Funds Management Limited
Nature of relevant interest(s): Related party of Investment Services Group
Limited.
For that relevant interest,—
Summary for Clarity Funds Management Limited
(a) total number held in class: 0

(b) total in class: 0
(c) total percentage held in class: 0%
For a derivative relevant interest, also—
(a) type of derivative: [eg, option or swap agreement]
(b) details of derivative: [specify details required by the instructions to this form]
(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 ceasing of substantial holding
Details of the transactions or other events requiring disclosure: Transaction in four
months before 21/12/2018
Date Transaction Volume Amount
21/12/2018 Purchase 72,466 2,853
20/12/2018 Purchase 92,024 3,575
19/12/2018 Purchase 2,026 4,284
13/12/2018 Purchase 119,551 8,328
11/12/2018 Purchase 186,533 8,921
30/11/2018 Purchase 500,000 2,800
29/11/2018 Sale 28,591 1,360
28/11/2018 Purchase 26,265 1,355
27/11/2018 Purchase 125,000 4,732
26/11/2018 Purchase 46,519 4,050
20/11/2018 Purchase 42,500 9,492
8/11/2018 Purchase 37,596 1,468
12/10/2018 Purchase 61,924 7,402
4/10/2018 Purchase 50,000 6,136
2/10/2018 Sale 38,486 769
28/09/2018 Purchase 541 773
26/09/2018 Purchase 11,000 767
5/09/2018 Purchase 640 764
3/09/2018 Sale 32,775 6,841
30/08/2018 Purchase 25,000 6,080
29/08/2018 Purchase 85,734 1,527
28/08/2018 Purchase 4,500 6,813

Additional information
Address(es) of substantial product holder(s): Investment Services Group Limited,
Level 10, 2 Commerce Street, Auckland 1010
Contact details: John Tampo | P: 09 925 3982 | E: jtampo@devonfunds.co.nz
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: Devon Funds Management Limited
Certification
I, John Tampo, 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.