SPH Notice – Investment Services Group Limited

100080615/3821102.1
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
Note: This form must be completed in accordance with the instructions at the end of the
form.
To NZX
and
To Freightways Limited
Relevant event being disclosed:
Date of relevant event: 27/03/2020
Date this disclosure made: 30/03/2020
Date last disclosure made: 24/10/2019
Substantial product holder(s) giving disclosure
Full name(s): Investment Services Group Limited
Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Investment Services Group Limited
For this disclosure,—
(a) total number held in class: 10,702,333
(b) total in class: 158,407,807
(c) total percentage held in class: 6.76%
For last disclosure,—
(a) total number held in class: 8,945,946
(b) total in class: 155,458,437
(c) total percentage held in class: 5.75%
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

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For this disclosure,—
(a) total number held in class: 10,702,333
(b) total in class: 158,407,807

(c) total percentage held in class: 6.76%


For last disclosure,—
((a) total number held in class: 8,945,946
(b) total in class: 155,458,437

(c) total percentage held in class: 5.75%
CUSTODIAN
UNITS
BNP for wholesale clients
98,426


CITI for private client
340,427


BNP for private client
851,935


BNP for private client
1,520,460


BNP for private client
154,044


MMC for private client
680,072


BNP for retails clients
127,980


CITI for private client
819,888


JPM for private client
504,300


Northern for private client
2,827,679


JPM for private client
319,387


Public Trust for private client
568,774


BNP for wholesale clients
228,631


BNP for retails clients
279,089


BNP for wholesale clients
443,007


JPM for private client
114,892


CITI for private client
823,342

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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: 0

(b) total in class: 158,407,807

(c) total percentage held in class: 0
For last disclosure,—
(a) total number held in class: 0

(b) total in class: 155,458,437

(c) total percentage held in class: 0
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

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(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: N/A


Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure: Transactions between
27/11/2019 and 27/03/2020.
Transaction Type Volume
Consideration Paid Consideration Received
Sales 152,029
$588,616.82
Purchases 1,769,521
$11,142,712.86


Additional information
Address(es) of substantial product holder(s): Investment Services Group
Management, Level 10, 2 Commerce Street, Auckland 1010
Contact details: Snigdha Arun | P: +64 9 9253986 | E: sarun@devonfunds.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: Devon Funds Management Ltd and Clarity
Funds Management Ltd
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.