SPH Notice – Forsyth Barr Investment Management Limited

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Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To: NZX Limited
and
To: Sanford Limited
Date this disclosure made: 21 September 2020
Date last disclosure made: 1 November 2018
Date on which substantial holding ceased: 17 September 2020
Substantial product holder(s) giving
disclosure:

Full name(s) Forsyth Barr Investment Management Limited
Summary of previous substantial holding
Class of quoted voting products: Ordinary Shares (SAN)
Summary for Forsyth Barr Investment Management Limited
For last disclosure,—
(a) total number held in class: 5,202,469
(b) total in class: 93,626,735
(c) total percentage held in class:

5.557%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 4,621,468
(b) total in class: 93,506,137
(c) total percentage held in class:

4.942%
Details of transactions and events giving rise to ceasing of substantial holding
Date of event Nature of event Consideration Number of financial products



1 November 2018 –
17 September 2020
On-market sales 23,212,260 3,444,456
On-market
purchases
19,127,139 2,834,235
Off-market
transfers into
DIMS
Nil 263,304
Off-market
transfers out of
DIMS
Nil 234,084

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Additional information
Address(es) of substantial product holder(s): Forsyth Barr House, The Octagon, Dunedin
Contact details: Amanda Koo
T: +64 9 368 0118
E: compliance@forsythbarr.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:
Not applicable
Certification
I, Amanda Koo 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.