SPH Notice – C. Swasbrook / Elevation Capital Management

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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 Allied Farmers Limited
Relevant event being disclosed: Movement of 1% or more
Date of relevant event: 7 October 2021
Date this disclosure made: 14 October 2021
Date last disclosure made: 14 January 2021
Substantial product holder(s) giving disclosure
Full name(s): Christopher Swasbrook / Elevation Capital
Management Limited
Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Christopher Swasbrook / Elevation Capital Management Limited
For this disclosure,—
(a) total number held in class: 3,080,000
(b) total in class: 28,806,434
(c) total percentage held in class: 10.692%
For last disclosure,—
(a) total number held in class: 2,455,025
(b) total in class: 28,806,434
(c) total percentage held in class: 9.546%
Details of transactions and events giving rise to relevant event
Details of the transactions or other
events requiring disclosure: On 7 October 2021 two clients of Elevation
Capital Management Limited agreed to acquire
330,000 shares in the issuer for $0.63 per
share through an off market transfer from
Stockmans Holdings Limited. The transfer has
settled today.

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Details after relevant event
Details for Christopher Swasbrook / Elevation Capital
Management Limited
Nature of relevant interest(s): Registered holder and beneficial owner
For that relevant interest,—
(a) number held in class: 2,455,025
(b) percentage held in class: 9.546%
(c) current registered holder(s): PT Class 10 Nominees Limited
(d) registered holder(s) once
transfers are registered: N/A
Details for Elevation Capital Management Limited
Nature of relevant interest(s): Power to vote and control the disposal of
financial products
For that relevant interest,—
(a) number held in class: 330,000
(b) percentage held in class: 1.145%
(c) current registered holder(s): Stockmans Holdings Limited
(d) registered holder(s) once
transfers are registered: PT Class 10 Nominees Limited
Additional information
Address(es) of substantial
product holder(s): Level 4, the Blade, 12 Saint Marks Road,
Remuera, Auckland
Contact details: chris.swasbrook@elevationcapital.co.nz

ph. 021 92 82 62
Nature of connection between
substantial product holders: Christopher Swasbrook is the managing
director and majority shareholder of Elevation
Capital Management Limited
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: Stockmans Holdings Limited

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Disclosure has effect for purposes of directors’ and senior managers’ disclosure
Christopher Swasbrook is also a Director of Allied Farmers Limited. This disclosure
also constitutes disclosure for the purposes of the directors’ and senior managers’
disclosure obligations.
Certification
I, Christopher Grant Swasbrook, 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.