SPH Notice – Harbour Asset Mgmt Ltd & Jarden Securities Ltd

041898866/4160982.2
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
To NZX Limited
and
To Sanford Limited (SAN)
Relevant event being disclosed:
Disclosure of movement of 1% or more in
substantial holding
Date of relevant event: 6 November 2020
Date this disclosure made: 10 November 2020
Date last disclosure made: 7 October 2020

Substantial product holder(s) giving disclosure
Full name(s):
Harbour Asset Management Limited and Jarden
Securities Limited.


Summary of substantial holding

Harbour Asset Management Limited
Class of quoted voting products:
Ordinary shares (Shares)
Summary for: Harbour Asset Management Limited
For this
disclosure
-
(a) total number held in
class:
4,165,665
(b) total in class:
93,506,137
(c) total percentage held in
class:
4.455%
For last
disclosure
-
(a) total number held in
class:
5,626,594
(b) total in class: 93,506,137
(c) total percentage held in
class:
6.017%

041898866/4160982.2
Summary of substantial holding
Jarden Securities Limited:
Class of quoted voting products:
Ordinary shares (Shares)
Summary for: Jarden Securities Limited
(includes Jarden Securities Limited DIMS services
holdings)
For this
disclosure -
(a) total number held in
class:
657,520
(b) total in class:
93,506,137
(c) total percentage held
in class:
0.703%
For last
disclosure -
(a) total number held in
class:
885,445
(b) total in class: 93,506,137
(c) total percentage held
in class:
0.947%


Summary of substantial holding
Including All Related Bodies Corporate:
Class of quoted voting products:
Ordinary shares (Shares)
Summary for: Harbour Asset Management Limited and
Jarden Securities Limited
For this
disclosure -
(a) total number held in
class:
4,823,185
(b) total in class:
93,506,137
(c) total percentage held
in class:
5.158%
For last
disclosure -
(a) total number held in
class:
6,512,039
(b) total in class: 93,506,137
(c) total percentage held
in class:
6.964%

041898866/4160982.2
Details of transactions and events giving rise to relevant event:
The transactions/events giving rise to this disclosure obligation are on-market sales by Harbour Asset Management Limited since the last
relevant event on 6 October 2020.
Additionally, on-market purchases, on-market sales, return of borrowed stock and transfers into DIMS service accounts by related body
corporate, Jarden Securities Limited, over the same period are summarised in the table below:
Details for:
Harbour Asset Management
Limited
Jarden Securities Limited (DIMS) Jarden Securities Limited
Nature of relevant
interest(s):
As fund manager, the power to
exercise (or control the exercise
of) a right to vote attached to,
and power to acquire or dispose
of (or control the acquisition or
disposal of), the Shares, under
investment powers contained in
investment management
agreements with clients (the
beneficial owners of the product)
or managed fund trust deeds.
Jarden Securities Limited has, as
provider of discretionary investment
management services (DIMS) under
various investment management
agreements with clients (the beneficial
owners of the product), the power to
exercise (or control the exercise of) a
right to vote attached to, and power to
acquire or dispose of (or control the
acquisition or disposal of), the Share.

As beneficial owner, through normal
on-market trading activity, with the
power to exercise (or control the
exercise of) a right to vote attached
to, and power to acquire or dispose
of (or control the acquisition or
disposal of), the Shares and in
relation to stock borrow in place.
On-market purchases –
number of shares
Nil 2,000 63,156
On-market purchases –
Gross Consideration
Nil $11,400 $321,253
On-market sales –
number of shares
1,460,929 125,553 140,879
On-market sales –
Gross Consideration
$7,478,085 $659,483 $780,377
Transfers into DIMS
Service
N/A 42,351 N/A
Return of borrowed
stock
N/A N/A 69,000

Details after relevant event:

041898866/4160982.2
Details for:
Harbour Asset Management Limited Jarden Securities Limited
(DIMS)
Jarden Securities Limited
Nature of relevant
interest(s):
As fund manager, the power to
exercise (or control the exercise of) a
right to vote attached to, and power to
acquire or dispose of (or control the
acquisition or disposal of), the Shares,
under investment powers contained in
investment management agreements
with clients (the beneficial owners of
the product) or managed fund trust
deeds.
Jarden Securities Limited has, as
provider of discretionary
investment management
services (DIMS) under various
investment management
agreements with clients (the
beneficial owners of the
product), the power to exercise
(or control the exercise of) a
right to vote attached to, and
power to acquire or dispose of
(or control the acquisition or
disposal of), the Share.

As beneficial owner, through normal
on-market trading activity, with the
power to exercise (or control the
exercise of) a right to vote attached
to, and power to acquire or dispose
of (or control the acquisition or
disposal of), the Shares and in
relation to stock borrow in place.
For that relevant interest:

Number held in class
after the relevant
event:
4,165,665 607,103 50,417
(includes 31,000 of borrowed stock)
Percentage held in
class
4.455% 0.649% 0.054%
Current registered
holder of financial
products:
Various nominees or custodians for
and on behalf of Harbour Asset
Management Limited
FNZ Custodians Limited (as sub-
custodian of Jarden Custodial
Services Limited)
Jarden Securities Limited and
unknown, and Smartshares Limited
for the borrow in place at 6 Nov
2020.
Registered holder of
financial products once
transfer is registered:
Various nominees or custodians for
and on behalf of Harbour Asset
Management Limited and unknown
FNZ Custodians Limited (as sub-
custodian of Jarden Custodial
Services Limited) and unknown
Jarden Securities Limited and
unknown, and Smartshares Limited
for the borrow in place at 6 Nov
2020.

041898866/4160982.2

Additional information
Address(es) of substantial
product holder(s):
Level 14, 171 Featherston Street, Wellington
Contact details:
Kate Livingston
+ 64 9 307 5747
kate.livingston@jarden.co.nz
Nature of connection
between substantial product
holders:
Harbour Asset Management Limited and Jarden
Securities Limited are related bodies corporate.

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: none.
Certification
I, Kate Livingston, 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.