SPH Notice – FIL Limited

1
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 New Zealand Stock Exchange
and
To Synlait Milk Limited
Relevant event being disclosed: Movement of 1% or more in the substantial holding
Date of relevant event:22 November 2022
Date this disclosure made: 24 November 2022
Date last disclosure made: 17 November 2022
Substantial product holder(s) giving disclosure
Full name(s): FIL Limited and the entities listed in Annexure A (“FIL”)
Summary of substantial holding
Class of quoted voting products: ordinary share
Summary for [name of substantial product holder(s)]
For this disclosure,—
(a) total number held in class: 11,002,350
(b) total in class: 218,581,661
(c) total percentage held in class: 5.034%
For last disclosure,—
(a) total number held in class: 13,262,788
(b) total in class: 218,581,661
(c) total percentage held in class: 6.068%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:
Date of
Change
Person
whose
relevant
interest
changed
Nature of
change (6)
Consideration
given in relation
to change (7)
Class and
number of
securities
affected
Person’s
votes
affected

2

COMMON
STOCK
COMMON
STOCK
18/11/2022 FIL SELL 2.7200 AUD -2,136 -2,136
18/11/2022 FIL SELL 2.7200 AUD -9,698 -9,698
18/11/2022 FIL SELL 2.7200 AUD -2,758 -2,758
18/11/2022 FIL SELL 2.7200 AUD -2,758 -2,758
18/11/2022 FIL SELL 2.9800 NZD -1,586 -1,586
18/11/2022 FIL SELL 2.7200 AUD -2,758 -2,758
22/11/2022 FIL SELL 2.6522 AUD -1,706,004 -1,706,004
22/11/2022 FIL SELL 2.6522 AUD -33,334 -33,334
22/11/2022 FIL SELL 2.6700 AUD -4,650 -4,650
22/11/2022 FIL SELL 2.6522 AUD -10,911 -10,911
22/11/2022 FIL SELL 2.8704 NZD -99,201 -99,201
22/11/2022 FIL SELL 2.8704 NZD -194,345 -194,345
22/11/2022 FIL SELL 2.6522 AUD -190,299 -190,299

Total SELLs

(2,260,438)

(2,260,438)


Details after relevant event
Details for Refer to Annexure A
Nature of relevant interest(s): Investment discretion and/or voting power
For that relevant interest,—
(a) number held in class: Refer to Annexure A
(b) percentage held in class: Refer to Annexure A
(c) current registered holder(s): Refer to Annexure A
(d) registered holder(s) once transfers are registered: N/A
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:
Additional information
Address(es) of substantial product holder(s): Refer to Annexure A

3
Contact details: Charles Guo, Senior Manager of Regulatory Reporting, C/O FIL Asia
Holdings Pte Limited, +852 2629 2657, apac.regulatory.filings@fil.com
*Nature of connection between substantial product holders:
*Omit if disclosure is made for only 1 substantial product holder.
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
*Disclosure has effect for purposes of directors’ and senior managers’ disclosure
[Name] is also a [specify either director or senior manager] of [name of listed issuer].
This disclosure also constitutes disclosure for the purposes of the directors’ and senior
managers’ disclosure obligations.
*Omit if inapplicable (see section 302 of the Financial Markets Conduct Act 2013).

Certification
I, Charles Guo, 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.

Sign Here ____________________________________

Dated: 24 November 2022
Charles Guo
Regulatory Reporting Senior Manager
Duly authorized under Powers of Attorney by and on behalf of FIL Limited

Annexure A


Investment Manager Address Custodian
Nature of Relevant
Interest
Sum of
Numerator
Shares

FIL Investment
Management
(Australia) Limited
Level 11, 167
Macquarie Street,
Sydney, NSW 2000,
Australia
BROWN BROS
HARRIMN LTD LUX (C)
Investment Discretion /
Voting Power
1,711,086
CITIBANK LONDON 218,969
HSBC BANK PLC (C) 2,614,158
JP MORGAN,
BOURNEMOUTH (C)
258,675

4
NATIONAL ASTL BK
MELBOURNE (S)
247,168
NATIONAL AUSTRALIAN
BANK
92,336
NORTHERN TRUST
LONDON (C)
1,099,673
STATE STREET
LUXEMBOURG
603,591
FIL Investment
Management
(Singapore) Limited
8 Marina View, #35-
06, Asia Square
Tower 1, 018960,
Singapore
NORTHERN TRUST
LONDON (C)
104,520
FIL Responsible Entity
(Australia) Limited
Level 11, 167
Macquarie Street,
Sydney, NSW 2000,
Australia
JP MORGAN,
BOURNEMOUTH (C)
4,039,342
JPMORGAN CHASE
BANK, N.A.
12,832

Grand Total

11,002,350