SPH Notice – New Zealand Superannuation Fund Nominees

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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 New Zealand King Salmon Investments Limited (“NZK”)
Relevant event being disclosed: Disclosure of movement of 1% or more in substantial
holding
Date of relevant event: 12 May 2022
Date this disclosure made: 13 May 2022
Date last disclosure made: 5 April 2018
Substantial product holder(s) giving disclosure
Full name(s): New Zealand Superannuation Fund Nominees Limited as nominee for the
New Zealand Superannuation Fund being property of Her Majesty the Queen in right of
New Zealand and managed and administered by the Guardians of New Zealand
Superannuation (“NZSF”)
Summary of substantial holding
Class of quoted voting products: Ordinary Shares (ISIN: NZNZKE0003S0)
Summary for NZSF
For this disclosure,—
(a) total number held in class: 49,162,718
(b) total in class: 541,454,710
(c) total percentage held in class: 9.080%
For last disclosure,—
(a) total number held in class: 8,957,866
(b) total in class: 138,475,358
(c) total percentage held in class: 6.469%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:

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On 12 May 2022, NZSF was allotted a total of 39,535,304 new ordinary shares in NZK
pursuant to NZK’s renounceable rights offer announced on 13 April 2022. The subscription
price was $0.15 per share.
Between 1 February 2022 and 5 April 2022, NZSF purchased an aggregate of 943,129
ordinary shares in NZK on-market for aggregate consideration of $863,323 in its internal
equities portfolios.
Between 5 April 2018 and 11 April 2018, NZSF sold an aggregate of 273,581 ordinary
shares in NZK on-market for aggregate consideration of $618,568 from its account
managed by Mint Asset Management Limited.
Details after relevant event
Details for NZSF
Nature of relevant interest(s): Beneficial owner of shares and/or power to control the
acquisition/disposal of, and voting rights attached to, shares
For that relevant interest,—
(a) number held in class: 49,162,718
(b) percentage held in class: 9.080%
(c) current registered holder(s): N/A
(d) registered holder(s) once transfers are registered: New Zealand Central Securities
Depository Limited (for NZSF).
For a derivative relevant interest, also—
(a) type of derivative: N/A
(b) details of derivative: N/A
(c) parties to the derivative: N/A
(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: N/A
Additional information
Address(es) of substantial product holder(s): Level 12, 21 Queen Street Auckland 1010,
New Zealand
Contact details: Amy Hitchcock

Ph: +64 9 300 6980
Email: Ahitchcock@nzsuperfund.co.nz

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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: N/A
Certification
I, Amy Hitchcock, 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.