SPH Notice – Perry Corp. and Richard C. Perry

Perry Corp - SSH Notice for change of 1% or more - TEMPLATE(6442851.1).doc100080615/3821103.1
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 Limited

And

To Arborgen Holdings Limited
Relevant event being disclosed: Notice of a movement of 1% or more in a substantial
holding.
Date of relevant event: 13 August 2020
Date this disclosure made: 14 August 2020
Date last disclosure made: 23 July 2018
Substantial product holder giving disclosure
Full name: Perry Corp. and Richard C. Perry
Summary of substantial holding
Class of quoted voting products: ordinary shares
Summary for Perry Corp. and Richard C. Perry
For this disclosure,—
(a) total number held in class: 30,039,193
(b) total in class: 499,395,391
(c) total percentage held in class: 6.02%
For last disclosure,—
(a) total number held in class: 34,337,307
(b) total in class: 487,908,343
(c) total percentage held in class: 7.04%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: On-market sales by Perry
Corp. made during the period of 15 July 2020 – 13 August 2020, in aggregate 4,298,114
ordinary shares, for total consideration of $677,600 NZD (average of $0.1577 per share).

Perry Corp - SSH Notice for change of 1% or more - TEMPLATE(6442851.1).doc100080615/3821103.1
Details after relevant event

Details for Perry Corp.:
1) Nature of relevant interest(s): Non beneficial interest in securities.
Perry Corp. is a New York investment adviser that provides investment
management services to private investment funds. Perry Corp. is managing general
partner and/or investment manager of Perry Partners L.P. and Perry Partners
International Master Inc. ("Funds"). Perry Corp. has power over the acquisition,
disposition and voting of securities held in the Funds, including the Arborgen
Shares.
For that relevant interest,—
(a) number held in class: 18,774,066
(b) percentage held in class: 3.76%
(c) current registered holder(s):
Perry Partners International Master, Inc. 13,509,193
Perry Partners L.P. 5,264,873
Total: 18,774,066
(d) registered holder(s) once transfers are registered: N/A

Perry Corp - SSH Notice for change of 1% or more - TEMPLATE(6442851.1).doc100080615/3821103.1
Details for Richard Perry:
2) Nature of relevant interest(s): Registered holder and beneficial owner of securities

Richard Perry is the President, sole director, and sole shareholder of Perry Corp.
and has a non-beneficial relevant interest in all Shares held by the Funds, as
described above. By virtue of his position as President, sole director and sole
shareholder of Perry Corp., Richard Perry may be considered indirectly to have
power over the acquisition, disposition and voting of securities held in the Funds.
In addition to a non-beneficial relevant interest in all Shares held by the Funds,
Richard Perry became a direct holder of Shares after he received Arborgen Shares
following the in-kind distribution from the Perry European Funds.
For the relevant interest -
(a) Number held in class: 11,265,127
(b) Percentage held in class: 2.26%
(c) current registered holder(s): N/A
(d) registered holders (s) once transfers are registered: N/A
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
Additional information
Address(es) of substantial product holder(s):
c/o Perry Corp.
595 Madison Avenue, 29
th
Floor

New York, NY 10022
Contact details: Richard Perry, President
Nature of connection between substantial product holders:
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

Perry Corp - SSH Notice for change of 1% or more - TEMPLATE(6442851.1).doc100080615/3821103.1
Certification
I, Richard Perry, 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.