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: 30/01/2019
Date on which substantial holding began: 29/01/2019
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: 7,785,312

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

(c) total percentage held in class: 5.01%
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: 7,785,312

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

(c) total percentage held in class: 5.01%

Units Custodian
7,245 BNP, on behalf of private client
242,104 Citibank, on behalf of private client
670,259 BNP, on behalf of private client
933,850 BNP, on behalf of private client
114,702 BNP, on behalf of private client
442,133 MMC, on behalf of private client
134,791 BNP, on behalf of Devon Dividend Yield fund
627,104 Citibank, on behalf of private client
451,266 JPM, on behalf of private client
1,697,920 Northern Trust, on behalf of private client
218,061 JPM, on behalf of private client
414,694 Public Trust, on behalf of private client
255,997 BNP, on behalf of private client
266,004 BNP, on behalf of Devon Trans Tasman fund
428,911 BNP, on behalf of private client
110,428 JPM, on behalf of private client
769,843 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 30/01/2019
Date Transaction Volume Amount
29/01/2019 Purchase 71,031 537,743
7/01/2019 Purchase 40,000 288,232
3/01/2019 Sale 100,000 731,901
21/12/2018 Purchase 72,466 518,378
20/12/2018 Purchase 92,024 659,992
19/12/2018 Purchase 2,026 14,509
13/12/2018 Purchase 119,551 832,270
11/12/2018 Purchase 186,533 1,283,214
30/11/2018 Purchase 500,000 3,510,500
29/11/2018 Sale 28,591 194,270
28/11/2018 Purchase 26,265 178,421
27/11/2018 Purchase 125,000 847,535
26/11/2018 Purchase 46,519 314,945
20/11/2018 Purchase 42,500 288,663
8/11/2018 Purchase 37,596 276,718
12/10/2018 Purchase 61,924 459,679
4/10/2018 Purchase 50,000 384,651
2/10/2018 Sale 38,486 295,957

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.