SPH Notice – Harbour Asset Management 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 Scales Corporation Limited (SCL)
Relevant event being disclosed: Disclosure of movement of 1% or more in substantial
holding
Date of relevant event: 8 May 2019
Date this disclosure made: 9 May 2019
Date last disclosure made: 15 June 2018
Substantial product holder(s) giving disclosure
Full name(s): Harbour Asset Management Limited
Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Harbour Asset Management Limited
For this disclosure,—
(a) total number held in class: 11,821,854
(b) total in class: 141,364,953
(c) total percentage held in class: 8.363%
For last disclosure, First NZ Capital Group Limited
(a) total number held in class: 13,197,589
(b) total in class: 140,896,574
(c) total percentage held in class: 9.367%

Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:
In the four month period prior to this disclosure date, as part of normal on-market trading
activity under discretionary investment mandates, Harbour Asset Management Limited
purchased 133,100 SCL ordinary shares for total consideration of $608,625 and sold
1,160,687 SCL ordinary shares for total consideration of $5,679,631.

100080615/3821103.1
First NZ Capital Securities Limited, which is a related body corporate of Harbour Asset
Management Limited within the First NZ Capital Group Limited, held no SCL ordinary shares
as at 9 May 2019.
Details after relevant event
Details for Harbour Asset Management Limited
Nature of relevant interest(s): Harbour Asset Management Limited, as a fund manager, has
the power to exercise a right to vote attached to, and the power to acquire or dispose of the
product, under powers of investment contained in investment management contracts with
clients (the beneficial owners of the product).
For that relevant interest,—
(a) number held in class: 11,821,854
(b) percentage held in class: 8.363%
(c) current registered holder(s): 11,821,854 SCL ordinary shares held by various nominee
companies on behalf of clients as beneficial owners of Harbour Asset Management
Limited funds.
(d) registered holder(s) once transfers are registered: N/A
No relevant agreement needs to be attached under Regulation 139.
Additional information
Address(es) of substantial product holder(s): Level 14, 171 Featherston Street, Wellington
Contact details: Liz Down, + 64 9 307 5747, Liz.Down@fnzc.co.nz
Nature of connection between substantial product holders: First NZ Capital Group Limited,
First NZ Capital Securities Limited and Harbour Asset Management Limited are related
bodies corporate.
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, Liz Down, 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.