SPH Notice – Salt Funds Management Limited

100080615/3821102.1
1
Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To NZX Limited
and
To Kiwi Property Group Limited
Date this disclosure made: 15 November 2019
Date on which substantial holding began: 13 November 2019
Substantial product holder(s) giving disclosure
Full name(s): Salt Funds Management Limited
Summary of substantial holding
Class of quoted voting products: Kiwi Property Group Limited Ordinary Shares (KPG)
Summary for Salt Funds Management Limited
For this disclosure,—
(a) total number held in class: 79,553,486
(b) total in class: 1,558,218,897
(c) total percentage held in class: 5.105%

Details of relevant interests
Details for Salt Funds Management Limited
Nature of relevant interest(s): Investment Manager
For that relevant interest,—
(a) number held in class: 79,553,486
(b) percentage held in class: 5.105%
(c) current registered holder(s):
(d) registered holder(s) once transfers are registered: See Annexure 1
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure:
On November 13
th
2019, and the four months prior, Salt Funds Management participated in
the Institutional Placement purchasing a total of 11,071,818 shares for consideration of
$17,493,472.44 and undertook the following transactions as part of normal on-market
trading activities:

100080615/3821102.1
2

Transaction Type Period Shares/Units Consideration
On-market purchases 02/08/19 – 13/1119 13,885,419 ($22,096,212.94)
On-market sales 22/07/19 – 14/10/19 (5,653,430) $9,355,013.18
8,231,989

Additional information
Address(es) of substantial product holder(s): Level 3, The Imperial Buildings, 44 Queen
Street, Auckland 1050
Contact details:
Kate Allen, Telephone: 09 869 2933, Email: kate.allen@saltfunds.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: Not applicable.
Certification
I, Kate Allen, 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.

100080615/3821102.1
3
ANNEXURE 1
SUBSTANTIAL SECURITY HOLDER NOTICE FROM SALT FUNDS MANAGEMENT LTD
DATED 15 November 2019
Name of type of shares
Kiwi Property Group Limited Ordinary Shares
(KPG)
Percentage held 5.105%

Registered holder:
Guardian Nominees No.2 Ltd (as custodian for
BT Funds Management (NZ) Ltd)
Holding: 59,608,721 (3.825%)
Registered holder:
National Nominees Ltd (as custodian for Salt
Investment Funds Ltd)
Holding: 6,636,336 (0.426%)
Registered holder:
Trustees Executors Limited (as custodian for
TGH Equities Ltd)
Holding: 547,590 (0.035%)
Registered holder:
BNP Paribas Nominees (NZ) Ltd (as custodian for
AMP Capital Investors (New Zealand) Ltd)
Holding: 12,760,839 (0.819%)