SPH Notice – Masfen Securities Limited

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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
and
To AWF Madison Group Limited
Relevant event being disclosed: Movement of 1% or more in substantial holding
Date of relevant event: 13 September 2019
Date this disclosure made: 13 September 2019
Date last disclosure made: 5 December 2018
Substantial product holder(s) giving disclosure
Full name(s): Masfen Securities Limited
Summary of substantial holding
Class of quoted voting products: Ordinary shares
Summary for Masfen Securities Limited
For this disclosure,—
(a) total number held in class: 2,043,791
(b) total in class: 33,888,764
(c) total percentage held in class: 6.0%
For last disclosure,—
(a) total number held in class: 1,678,498
(b) total in class: 33,423,399
(c) total percentage held in class: 5.0%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: Acquisition of shares on
market and participation in dividend reinvestment plan.
Details after relevant event
Details for: P H Masfen Charitable Trust
Nature of relevant interest(s): Beneficial owner
For that relevant interest,—
(a) number held in class: 1,920,879

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(b) percentage held in class: 5.67%
(c) current registered holder(s): Masfen Securities Limited
(d) registered holder(s) once transfers are registered: Masfen Securities Limited
Details for: Eugenie Masfen-Yan Trust
Nature of relevant interest(s): Beneficial owner
For that relevant interest,—
(a) number held in class: 122,912
(b) percentage held in class: 0.36%
(c) current registered holder(s): Masfen Securities Limited
(d) registered holder(s) once transfers are registered: Masfen Securities Limited
For a derivative relevant interest, also—
(a) type of derivative: N/A
(b) details of derivative: N/A
(c) parties to the derivative: N/A
(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: N/A
Additional information
Address(es) of substantial product holder(s): Level 37, Vero Centre, 48 Shortland Street,
Auckland
Contact details: Bridget McCarthy 09 307 2660
Nature of connection between substantial product holders: P H Masfen is Trustee of both
the P H Masfen Charitable Trust and Eugenie Masfen-Yan Trust
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: N/A
Certification
I, Peter Hanbury Masfen, 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.