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 New Zealand Rural Land Company Limited (NZL)
Date this disclosure made: 31 May 2023
Date last disclosure made: 15 May 2023
Date on which substantial
holding ceased:
30 May 2023

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:
7,988,348
(b) total in class:
139,902,398
(c) total percentage held in class:
5.710%
For current holding
after ceasing to
have a substantial
holding
(a) total number held in class:
6,825,742
(b) total in class:
139,902,398
(c) total percentage held in class:
4.879%

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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:
3,223,817
(b) total in class:
139,902,398
(c) total percentage held in class:
2.304%
For current holding
after ceasing to
have a substantial
holding
(a) total number held in class:
3,139,556
(b) total in class:
139,902,398
(c) total percentage held in class:
2.244%


Summary of substantial holding:
All Related Bodies Corporate:
Class of quoted voting products:
Ordinary Shares (Shares)
Summary for:
Jarden Securities Limited and
Harbour Asset Management
Limited
For last disclosure (a) total number held in class:
11,212,165
(b) total in class:
139,902,398
(c) total percentage held in class:
8.014%
For current holding
after ceasing to
have a substantial
holding
(a) total number held in class:
9,965,298
(b) total in class:
139,902,398
(c) total percentage held in class:
7.123%

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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 sales by Harbour Asset Management Limited, since the last
relevant event on 12 May 2023, 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 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
Nil Nil 49,662
On-market purchases –
Gross Consideration
Nil Nil $42,152
On-market sales –
number of shares
1,162,606 Nil 133,923
On-market sales –
Gross Consideration
$990,306 Nil $112,890

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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:
N/A

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.