SPH Notice – Elevation Capital and Chris Swasbrook

1
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To NZX
and
To Allied Farmers Limited
Date this disclosure made: 12 May 2023
Date last disclosure made: 5 April 2023
Date on which substantial holding ceased: 11 May 2023
Substantial product holder(s) giving disclosure
Full name(s): Christopher Swasbrook/Elevation Capital Management Limited
Summary of previous substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Christopher Swasbrook/Clients of Elevation Capital Management
Limited
For last disclosure,—
(a) total number held in class: 775,000
(b) total in class: 28,806,434
(c) total percentage held in class: 2.69%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 0
(b) total in class: 28,806,434
(c) total percentage held in class: 0
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure: Off market transfer on
11 May 2023 where Elevation Capital client (PT Class 10 Nominees) sold 775,000
Allied Farmers Limited ordinary shares to WAF Limited for total consideration of
$581,250.
Additional information
Address(es) of substantial product holder(s): Level 4, The Blade, 12 Saint Marks Rd,
Remuera, Auckland
Contact details: chris.swasbrook@elevationcapital.co.nz ph. 021 928262

2
*Nature of connection between substantial product holders: Chris Swasbrook is the
Managing Director and majority shareholder on 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: WAF Limited
*Disclosure has effect for purposes of directors’ and senior managers’ disclosure
Chris Swasbrook was also formerly 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 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.