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: 02/06/2020
Date this disclosure made: 03/06/2020
Date last disclosure made: 30/03/2020
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: 9,451,348
(b) total in class: 165,413,104
(c) total percentage held in class: 5.71%
For last 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%
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: 9,224,562
(b) total in class: 165,413,104

(c) total percentage held in class: 5.58%












For last 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%
CUSTODIANUNITS
BNP for wholesale clients127,413
CITI for private client276,230
BNP for private client715,399
BNP for private client1,293,879
BNP for private client87,540
MMC for private client552,326
BNP for private client119,121
CITI for private client1,010,189
JPM for private client423,904
Northern for private client1,938,591
JPM for private client246,298
Public Trust for private client440,663
BNP for wholesale clients202,897
BNP for retails clients273,667
BNP for wholesale clients444,664
JPM for private client115,274
CITI for private client956,507

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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: 226,786

(b) total in class: 165,413,104

(c) total percentage held in class: 0.14%



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

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

(c) total percentage held in class: 0
CUSTODIANUNITS
BNP for wholesale clients98,426
CITI for private client340,427
BNP for private client851,935
BNP for private client1,520,460
BNP for private client154,044
MMC for private client680,072
BNP for retails clients127,980
CITI for private client819,888
JPM for private client504,300
Northern for private client2,827,679
JPM for private client319,387
Public Trust for private client568,774
BNP for wholesale clients228,631
BNP for retails clients279,089
BNP for wholesale clients443,007
JPM for private client114,892
CITI for private client823,342
CLARITYUNITS
BNP for retails clients7,538
BNP for retails clients219,248

100080615/3821102.1
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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


Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure: Transactions between
02/02/2020 and 02/06/2020.
Transaction Type Volume
Consideration Paid Consideration Received
Sales 2,009,975
$13,205,584.35
Purchases 2,095,919
$13,343,977.90


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.