SPH Notice – First NZ Capital Group Limited

100080615/3821103.1
Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both
Sections 277 and 278, Financial Markets Conduct Act 2013
To NZX Limited
and
To Summerset Group Holdings Limited (SUM)
Relevant event being disclosed: Disclosure of movement of 1% or more in substantial
holding
Date of relevant event: 4 March 2019
Date this disclosure made: 5 March 2019
Date last disclosure made: 29 June 2017
Substantial product holder(s) giving disclosure
Full name(s): First NZ Capital Group Limited
Summary of substantial holding
Class of quoted voting products: Ordinary shares
Summary for Harbour Asset Management Limited and First NZ Capital Securities Limited
For this disclosure,—
(a) total number held in class: 18,594,499
(b) total in class: 225,415,662
(c) total percentage held in class: 8.249%
For last disclosure,—
(a) total number held in class: 16,110,518
(b) total in class: 222,324,992
(c) total percentage held in class: 7.246%
Details of the transactions or other events requiring disclosure:
During the past four months, as part of normal on-market trading activity Harbour Asset
Management Limited purchased a total of 1,947,811 SUM ordinary shares for $12,220,886
and sold a total of 599,201 SUM ordinary shares for $3,800,782. In addition, as part of
normal on-market trading, First NZ Capital Securities Limited has borrowed 30,760 SUM
ordinary shares as at the date of this relevant event.
As a result of these transactions, First NZ Capital Group Limited (which includes the related
bodies corporate: Harbour Asset Management Limited and First NZ Capital Securities

100080615/3821103.1
Limited) has, at the date of this notice, a relevant interest in 18,594,499 (8.249%) SUM
ordinary shares.
Details after relevant event

Details for: Harbour Asset Management Limited
Nature of relevant interest(s): As fund manager, the power to exercise a right to vote to,
and power to acquire or dispose of, the products, under powers of investment contained in
investment management contracts with clients (the beneficial owners of the products)
For that relevant interest,—
(a) number held in class: 18,563,739
(b) percentage held in class: 8.235%
(c) current registered holder(s): Various nominee companies on behalf of clients as
beneficial owners
Details for: First NZ Capital Securities Limited
Nature of relevant interest(s): as borrower of financial products
For that relevant interest,—
(a) number held in class: 30,760
(b) percentage held in class: 0.014%
(c) current registered holder(s): N/A – stock has been borrowed

Additional information
Address(es) of substantial product holder(s): Level 14, 171 Featherston Street, Wellington
Contact details: Kate Livingston, + 64 9 307 5747, kate.livingston@fnzc.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: none
Certification
I, Kate Livingston, 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.