D&O Ongoing Disclosure Notice – J Shewan

ONGOING DISCLOSURE NOTICE
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(1) and 298(1) Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:
FSF Management Company Limited (as manager of
the Fonterra Shareholders' Fund)
Date this disclosure made:
7 December 2020
Date of last disclosure:
1 April 2016
A
Director or senior manager giving disclosure
Full name(s):
John Bruce Shewan
Name of listed issuer:
FSF Management Company Limited (as manager of
the Fonterra Shareholders' Fund)
Name of related body corporate (if applicable):
N/A
Position held in listed issuer:
Chairman
B
Summary of acquisition or disposal of relevant interest (excluding specified
derivatives
Class of affected quoted financial products:
Ordinary units in the Fonterra Shareholders' Fund
Nature of the affected relevant interest(s):
Ordinary units held on behalf of Thurston Family Trust,
for which John Shewan is a trustee with no beneficial
interest
For that relevant interest:
Number held in class before acquisition or disposal:
6,363
Number held in class after acquisition or disposal:
6,363
Current registered holder(s):
Investment Custodial Services Limited
Registered holder(s) once transfers are registered:
Hobson Wealth Limited
Class of affected quoted financial products:
Ordinary units in the Fonterra Shareholders' Fund
Nature of the affected relevant interest(s):
Ordinary units held on behalf of Ganges Education
Trust, for which John Shewan is a trustee and
discretionary beneficiary
For that relevant interest:
Number held in class before acquisition or disposal:
9,317
Number held in class after acquisition or disposal:
9,317
Current registered holder(s):
Investment Custodial Services Limited
Registered holder(s) once transfers are registered:
Hobson Wealth Limited
C
Summary of acquisition or disposal of specified derivatives relevant interest (if
applicable)
Type of affected derivative:
Class of underlying financial products:
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Details of affected derivative-
The notional value of the derivative (if any) or the
notional amount of underlying financial products (if
any):
A statement as to whether the derivative is cash settled
or physically settled:
Maturity date of the derivative (if any):
Expiry date of the derivative(if any):
The price specified in the terms of the derivative (if
any):
Any other details needed to understand how the
amount
of the
consideration

payable under the
derivative or the value of the derivative is affected by
the value of the underlying financial products:
For that derivative,-
Parties to the derivative:
If the director or senior manager is not a party to the
derivative, the nature of the relevant interest in the
derivative:
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:
Two
Details of transactions
requiring disclosure-
Date of transaction:
27 November 2020
Nature of transaction:
Transfer of 6,363

ordinary units

in the Fonterra
Shareholders' Fund. Investment Custodial Services
Limited was previously listed as the registered holder.
While Mr Shewan remains a trustee of the Thurston
Family Trust and the trust remains beneficial owner of
the units, the registered owner has changed to Hobson
Wealth Limited.
Transfer of 9,317 ordinary units

in the Fonterra
Shareholders

Fund. Investment Custodial Services
Limited was previously listed as the registered holder.
While Mr Shewan remains a trustee and discretionary
beneficiary of the

Ganges
Education

Trust,
the
registered owner of the units has changed to Hobson
Wealth Limited.
Name of any other party or parties to the transaction (if
known):
Hobson Wealth Limited
The consideration, expressed in New Zealand dollars,
paid or received for the acquisition or disposal. If the
consideration was not in cash and cannot be readily by
converted

into
a
cash
value,
describe
the
consideration:
N/A
Number of financial products to which the transaction
related:
15,680
If the issuer has a financial products trading policy that
prohibits directors or senior managers from trading
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during any period without viritter?.clearahce.(a,.cloqed
period) include the following details—
Whether relevant interests were acquired or disposed
of during a closed period:
No
Whether prior written clearance was provided to allow
the acquisition or disposal to proceed during the closed
period:
N/A
Date of the prior written clearance (if any):
N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:
Ordinary units in the Fonterra Shareholders' Fund
Nature of relevant interest:
Power to control the exercise of a right to vote attached
to, and to control the acquisition or disposition of, 4,512
ordinary units in the Fonterra Shareholders' Fund held
on behalf of Janne Shewan.
For that relevant interest,-
Number held in class:
4,512
Current registered holder(s):
Private Nominees Limited
For a derivative relevant interest,-
Type of derivative:
Details of derivative,-
The notional value of the derivative (if any) or the
notional amount of underlying financial products (if
any):
A statement as to whether the derivative is cash settled
or physically settled:
Maturity date of the derivative (if any):
Expiry date of the derivative (if any):
The price's specified terms (if any):
Any other details needed to understand how the
amount of the
consideration
payable under the
derivative or the value of the derivative is affected by
the value of the underlying financial products:
For that derivative relevant interest,-
Parties to the derivative:
If the director or senior manager is not a party to the
derivative, the nature of the relevant interest in the
derivative:
Certification
I 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.
Signature of director or officer:
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Date of signature:

1:4
2 o o
or
Signature of person authorised to sign on behalf of
director or officer:
Date of signature:
Name and title of authorised person:
Notes
Use this form to disclose all the acquisitions and disposals by a director or senior manager of a
listed issuer, or of a related body corporate, or in specified derivatives. The disclosure must be
made within—
(a)
20 working days after the first acquisition or disposal disclosed in this notice if the
acquisitions or disposals are of a kind referred to in section 297(2)(a) of the Financial
Markets Conduct Act 2013; or
(b)
in any other case, 5 trading days after the first acquisition or disposal disclosed in this
notice.
c. •
•
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