SPH Notice – Investment Services Group Limited

100080615/3821107.1 1
Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
Note: This form must be completed in accordance with the instructions at the end of the
form.
To New Zealand Stock Exchange
and
To Tower Limited
Date this disclosure made: 19/02/2020
Date on which substantial holding began: 18/02/2020
Substantial product holder(s) giving disclosure
Full name(s): Investment Services Group Limited
Summary of previous substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Investment Services Group Limited
For this disclosure,—
(a) total number held in class: 421,647,258
(b) total in class: 22,024,305
(c) total percentage held in class: 5.22%
Details of relevant interests
Devon Funds Management Limited is a subsidiary of Investment Services Group Limited
Details for Devon Funds Management Limited
Nature of relevant interest(s): Related party of Investment Services Group Limited
For this disclosure,—
(a) total number held in class: 13,774,341

(b) total in class: 22,024,305

(c) total percentage held in class: 3.27 %

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DEVON
CITI for private client698,557
BNP for private client1,761,000
BNP for private client3,190,248
BNP for private client339,822
MMC for private client1,407,152
JPM for private client997,073
Northern Trust for private client4,434,500
JPM for private client628,067
Public Trust for private client228,139
BNP for wholesale clients89,783


Details for Clarity Funds Management Limited
Nature of relevant interest(s): Investment manager of various funds
For this disclosure,—
(a) total number held in class: 8,249,964

(b) total in class: 22,024,305

(c) total percentage held in class: 1.96%

CLARITY
BNP for retails clients3,936,250
BNP for retails clients153,714
BNP for retails clients4,160,000


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

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Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure: Transactions between
15/10/2019 to 18/02/2020
Transaction Type Volume
Consideration Paid
Purchases 16,495,336
$11,488.809.71

Additional information
Address(es) of substantial product holder(s): Level 10, 2 Commerce Street, Auckland
1010
Contact details: Snigdha Arun | P: 09 925 3990 | E: admin@devonfunds.co.nz
Certification
I, Snigdha Arun, 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.