SPH Notice – Fisher Funds Management Limited

1
Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To New Zealand Exchange

And

To Summerset Group Holdings Limited
Date this disclosure made: 12 April 2019
Date on which substantial holding began: 11 April 2019
Substantial product holder(s) giving disclosure
Full name(s): Fisher Funds Management Limited
Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Fisher Funds Management Limited
For this disclosure,—
(a) total number held in class: 11,610,448
(b) total in class: 225,751,258
(c) total percentage held in class: 5.143%
Details of relevant interests
Details for Fisher Funds Management Limited
Nature of relevant interest(s): Fisher Funds Management Limited is the registered holder
and non-beneficial owner of these securities. No relevant agreement documentation is
required to be attached as the investment management contract exemption under
regulation 14 applies.
For that relevant interest,—
(a) number held in class: See below.
(b) percentage held in class: See below.
(c) current registered holder(s): See below.
(d) registered holder(s) once transfers are registered: Unknown

2
No. held
in class
Percentage held
in class Current registered holders

11,610,448

5.143%
TEA Custodians on behalf of the Fisher Funds New Zealand Growth
Fund, Fisher Funds New Zealand Premium Fund, Kingfish Limited
and Trans Tasman Equity Fund

For a derivative relevant interest, also—
(a) type of derivative: Not applicable
(b) details of derivative: Not applicable
(c) parties to the derivative: Not applicable
(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: Not applicable
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure:
Date of change Nature of change
Consideration given in
relation to change
Class and number of
securities affected
Other party,
if known
01/03/2018 to
07/03/2018
On Market Sales $4,957,234.86 -784,147 Ordinary Shares N/A
22/03/2018 Corporate Actions -$706,823.47 106,852 Ordinary Shares N/A
12/04/2018 to
26/04/2018
On Market Sales $7,379,444.75 -1,061,337 Ordinary Shares N/A
15/06/2018 to
07/08/2018
On Market Purchases -$6,022,735.83 793,354 Ordinary Shares N/A
15/08/2018 to
21/08/2018
On Market Sales $4,901,880.11 -650,000 Ordinary Shares N/A
10/09/2018 Corporate Actions -$548,647.74 72,447 Ordinary Shares N/A
01/10/2018 On Market Sales $776,663.00 -100,000 Ordinary Shares N/A
10/10/2018 to
18/02/2019
On Market Purchases -$12,311,075.62 1,941,590 Ordinary Shares N/A
21/03/2019 Corporate Actions -$796,187.95 121,350 Ordinary Shares N/A
10/04/2019 to
11/04/2019
On Market Purchases -$2,438,487.26 430,932 Ordinary Shares N/A

3
Additional information
Address(es) of substantial product holder(s): Fisher Funds Management Limited, Level 1,
67-73 Hurstmere Road, Takapuna, Auckland
Contact details: Angela Quirk, Angela@fisherfunds.co.nz, +64 9 487 2627
Nature of connection between substantial product holders: Fisher Funds Management
Limited is the registered holder and non-beneficial owner of these securities
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: Not applicable
Certification
I, Angela Quirk, 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.