SPH Notice – AMP Capital Investors (New Zealand) Limited

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Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To NZX Limited
and
To Precinct Properties New Zealand Limited
Date this disclosure made: 31 March 2021
Date last disclosure made: 27 February 2019
Date on which substantial holding ceased: 31 March 2021
Substantial product holder(s) giving disclosure
Full name(s): AMP Capital Investors (New Zealand) Limited (AMPCINZ), AMP Capital
Investors International Holdings Limited (ACIIHL) and each of their respective related
bodies corporate (as defined in the Financial Markets Conduct Act 2013)
Summary of previous substantial holding
Class of quoted voting products: Ordinary shares
Summary for AMPCINZ
For last disclosure,—
(a) total number held in class: 257,079,955
(b) total in class: 1,298,958,502
(c) total percentage held in class: 19.791%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 25,099,208
(b) total in class: 1,313,764,049
(c) total percentage held in class: 1.910%
Summary for ACIIHL
For last disclosure,—
(a) total number held in class: 257,079,955
(b) total in class: 1,298,958,502
(c) total percentage held in class: 19.791%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 2,697,087

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(b) total in class: 1,313,764,049
(c) total percentage held in class: 0.205%
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure:
Termination of management services agreement
ACIIHL is the legal and beneficial owner of 50% of the shares in AMP Haumi Management
Limited (AHML). AHML and PCT have agreed to terminate the management services
agreement under which AHML provided management services to PCT (the Transaction).
The Transaction completed on 31 March 2021. PCT paid AHML approximately NZ$215
million under the Transaction.
Specified Rights Deed
ACIIHL and Haumi Company Limited (on behalf of Haumi (NZ) Limited Partnership) (HCL)
are, pursuant to a deed of assignment and covenant between AMPCINZ, ACIIHL and HCL,
parties to a specified rights deed dated 27 September 2010 under which ACIIHL has the
right, in certain circumstances, to acquire all of the PCT shares held or controlled by HCL
and has certain pre-emptive rights in respect of the PCT shares held by HCL (the
Specified Rights Deed). Under the Specified Rights Deed, ACIIHL had a relevant interest
in the 17.306% of PCT shares held by HCL. The Specified Rights Deed was previously
attached to an SSH Notice given by HCL on 11 October 2013.
Consequences of completion of the Transaction
Completion of the Transaction resulted in termination of the Specified Rights Deed under
clause 9.1(b) of that deed, which results in ACIIHL ceasing to have a relevant interest in
the 17.306% of PCT shares held by HCL.
On Completion of the Transaction:
 AMPCINZ will have a relevant interest in 1.910% of PCT shares as an investment
manager on behalf of its investment management clients; and
 ACIIHL will have a relevant interest in the 0.205% of PCT shares held by AMP Haumi
LTI Trustee Limited.
Additional information
Address(es) of substantial product holder(s):
AMP Capital Investors (New Zealand) Limited: C/- Level 1, Meridian Building, 55 Lady
Elizabeth Lane, Wellington
AMP Capital Investors International Holdings Limited: C/- Level 24, 33 Alfred Street,
Sydney, New South Wales, Australia
Contact details: Amon Nunns
(04) 915 6741
Amon.nunns@bellgully.com

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Nature of connection between substantial product holders: AMP Capital Investors (New
Zealand) Limited and AMP Capital Investors International Holdings Limited are related
bodies corporates.
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: HCL, Platinum Oasis A 2018 RSC Limited, Abu
Dhabi Investment Authority and Haumi Development Auckland Limited (acting in its
capacity as the general partner of Haumi Development Limited Partnership) and each of
their respective related bodies corporate (as defined in the Financial Markets Conduct Act
2013).
Certification
I, Brendan Michael O’Brien, 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.