SPH Notice – Salt Funds Management Limited

100080615/3821102.1
1
Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To NZX Limited
and
To Investore Property Limited
Date this disclosure made: 22 December 2021
Date on which substantial holding began: 20 December 2021
Substantial product holder(s) giving disclosure
Full name(s): Salt Funds Management Limited
Summary of substantial holding
Class of quoted voting products: Investore Property Limited Ordinary Shares (IPL)
Summary for Salt Funds Management Limited
For this disclosure,—
(a) total number held in class: 18,422,428
(b) total in class: 368,135,033
(c) total percentage held in class: 5.004%

Details of relevant interests
Details for Salt Funds Management Limited
Nature of relevant interest(s): Investment Manager
For that relevant interest,—
(a) number held in class: 18,422,428
(b) percentage held in class: 5.004%
(c) current registered holder(s):
(d) registered holder(s) once transfers are registered: See Annexure 1
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure:
The total allotment of shares from participation in the Initial Public Offering and the Stride
Property Shareholder Offer, and from the 1:4 Demerger distribution resulted in Salt Funds
Management becoming a substantial holder in Investore Property Limited.

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Additional information
Address(es) of substantial product holder(s): Level 3, The Imperial Buildings, 44 Queen
Street, Auckland 1050
Contact details:
Mia Gemmell, Telephone: 09 869 7278, Email: mia.gemmell@saltfunds.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, Mia Gemmell, 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.

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ANNEXURE 1
SUBSTANTIAL SECURITY HOLDER NOTICE FROM SALT FUNDS MANAGEMENT LTD
DATED 12 August 2021
Name of type of shares Investore Property Limited Ordinary Shares
Percentage held 5.025%

Registered holder: BTNZ Unit Trust Nominees Ltd
Holding: 15,253,870 (4.144%)
Registered holder:
National Nominees Ltd (as custodian for Salt
Investment Funds Ltd)
Holding: 1,176,390 (0.320%)
Registered holder:
Trustees Executors Limited (as custodian for
TGH Equities Ltd)
Holding: 123,249 (0.024%)
Registered holder:
BNP Paribas Nominees (NZ) Ltd (as custodian for
AMP Capital Investors (New Zealand) Ltd)
Holding: 1,943,611 (0.528%)