SPH Notice – Harbour Asset Management Limited

100080615/3821107.1 1
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To NZX Limited
and
To Summerset Group Holdings Limited (SUM)
Date this disclosure made: 5 August 2022
Date last disclosure made: 12 January 2022
Date on which substantial
holding ceased:
4 August 2022

Substantial product holder(s) giving disclosure
Full name(s): Harbour Asset Management Limited.

(Disclosure also includes details of related body corporate:
Jarden Securities Limited)



Summary of substantial holding:
Harbour Asset Management Limited:

Class of quoted voting products:
Ordinary Shares (Shares)
Summary for: Harbour Asset Management Limited
For last disclosure (a) total number held in class:
11,533,603
(b) total in class:
230,515,366
(c) total percentage held in
class:
5.010%
For current holding
after ceasing to
have a substantial
holding
(a) total number held in class: 11,552,193
(b) total in class: 231,263,806
(c) total percentage held in
class:
4.995%

100080615/3821107.1 2
Summary of substantial holding:
Related Body Corporate - Jarden Securities Limited:

Class of quoted voting products:
Ordinary Shares (Shares)
Summary for:
Jarden Securities Limited (includes DIMS
holdings)
For last disclosure (a) total number held in class:
4,082,211
(b) total in class:
230,515,366
(c) total percentage held in
class:
1.773%
For current holding
after ceasing to
have a substantial
holding
(a) total number held in class: 4,356,525
(b) total in class: 231,263,806
(c) total percentage held in
class:
1.884%



Summary of substantial holding:
All Related Bodies Corporate:

Class of quoted voting products:
Ordinary Shares (Shares)
Summary for:
Harbour Asset Management Limited and
Jarden Securities Limited
For last disclosure (a) total number held in class:
15,615,814
(b) total in class:
230,515,366
(c) total percentage held in
class:
6.783%
For current holding
after ceasing to
have a substantial
holding
(a) total number held in class: 15,908,718
(b) total in class: 231,263,806
(c) total percentage held in
class:
6.879%

100080615/3821107.1 3
Details of transactions and events giving rise to ceasing of substantial holding:
The transactions giving rise to this disclosure obligation are a result of on-market purchases and sales, and the issue of Shares through
dividend reinvestment by Harbour Asset Management Limited, since the last relevant event on 11 January 2022, as summarised in the table
below. Also summarised in the table below are movements in Shares of related body corporate Jarden Securities Limited over the same
period including on-market purchases and sales, net transfers into DIMS service, the issue of Shares through dividend reinvestment, and net
in-specie transfers out re basket creations/redemptions of Shares.
Details for: Harbour Asset Management
Limited
Jarden Securities Limited (DIMS) Jarden Securities Limited
Nature of relevant interest(s):
As fund manager, the power to
exercise (or control the exercise of) a
right to vote attached to, and power to
acquire or dispose of (or control the
acquisition or disposal of), the Shares,
under investment powers contained in
investment management agreements
with clients (the beneficial owners of
the product) or managed fund trust
deeds.
Jarden Securities Limited has, as
provider of discretionary investment
management services (DIMS) under
various investment management
agreements with clients (the beneficial
owners of the product), the power to
exercise (or control the exercise of) a
right to vote attached to, and power to
acquire or dispose of (or control the
acquisition or disposal of), the Shares
As beneficial owner, through normal
on-market trading activity, with the
power to exercise (or control the
exercise of) a right to vote attached
to, and power to acquire or dispose
of (or control the acquisition or
disposal of), the Shares.
On-market purchases –number
of shares
1,333,023 465,408 1,244,885
On-market purchases – Gross
Consideration
$14,960,322 $5,197,181 $13,846,608
On-market sales – number of
shares
1,405,421 216,061 1,077,965
On-market sales – Gross
Consideration
$15,682,604 $2,437,833 $11,946,298
DRP Shares issued on
23/03/2022 at $11.1972
90,988 13,662 N/A
Net Transfers into DIMS service N/A 13,805 N/A
Net in-specie transfers out, re
basket creations/ redemptions
N/A N/A 169,420

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Additional information:

Address(es) of substantial
product holder(s):
Level 14, 171 Featherston Street, Wellington
Contact details: Shane Willett
+ 64 4 496 5334
shane.willett@jarden.co.nz
Nature of connection
between substantial product
holders:
Harbour Asset Management Limited and Jarden
Securities Limited are related bodies corporate.

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: none.

Certification:
I, Shane Willett, 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.