SPH Notice – Milford Asset Management Limited

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Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
Note: This form must be completed in accordance with the instructions at the end of the
form.
To The New Zealand Stock Exchange
and
To Serko Limited

Relevant event being disclosed: Change in nature of relevant interest
Date this disclosure made: 06/05/2020
Date last disclosure made: 04/05/2020
Date on which substantial holding ceased: 05/05/2020
Substantial product holder(s) giving disclosure
Full name(s): Milford Asset Management Limited
Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Milford Asset Management Limited
For last disclosure,—
(a) total number held in class: 4,850,534
(b) total in class: 92,738,865
(c) total percentage held in class: 5.230% (note, relevant interests held by the manager as
follows):
Milford Active Growth Wholesale Fund (1.878%), (Custodian - NNL Custodians),
Milford Dynamic Wholesale Fund (1.826%), (Custodian - NNL Custodians),
NZ Equities Wholesale Fund (1.448%), (Custodian - NNL Custodians),
Milford Dynamic Fund (AUT) (0.078%), (Custodian – National Australia Bank Limited).
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 4,128,273
(b) total in class: 92,738,865

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(c) total percentage held in class: 4.451% (note, relevant interests held by the
manager as follows):
Milford Active Growth Wholesale Fund (1.099%), (Custodian - NNL Custodians),
Milford Dynamic Wholesale Fund (1.826%), (Custodian - NNL Custodians),
NZ Equities Wholesale Fund (1.448%), (Custodian - NNL Custodians),
Milford Dynamic Fund (AUT) (0.078%), (Custodian – National Australia Bank Limited).

Details of transactions and events giving rise to ceasing of substantial holding
On market sale transactions of 722,621 ordinary shares made during the period 01 May
2020 – 05 May 2020, for a total consideration of $1,686,424.47
Details after relevant event
Details for Milford Asset Management Limited

Nature of relevant interest(s): N/A

Additional information
Address(es) of substantial product holder(s): Milford Asset Management Limited, Level 28,
48 Shortland Street, Auckland 1140, New Zealand.

Contact details: Stuart Bradley, Operations Associate, contact: (09) 921 4700

E-mail: trades@milfordasset.com

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, Stuart Bradley 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.