SPH Notice – Pinnacle Investment Management Group Limited

1
Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To ASX and NZX
and
To NZME Limited (NZM)
Date this disclosure made: 11/08/2023
Date on which substantial holding began: 8/08/2023
Substantial product holder(s) giving disclosure
Full name(s): Pinnacle Investment Management Group Limited (and its
subsidiaries listed in Annexure A)
Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Pinnacle Investment Management Group Limited (and its subsidiaries
listed in Annexure A)
For this disclosure,—
(a) total number held in class: 9,523,767
(b) total in class: 183,913,614
(c) total percentage held in class: 5.178%
Details of relevant interests
Details for Pinnacle Investment Management Group Limited (and its subsidiaries
listed in Annexure A)
Nature of relevant interest(s): Relative interest held through power to control voting
and/or disposal of securities in its capacity as responsible entity or trustee of
registered or unregistered schemes and/or relevant interest by virtue of section
236 of the Financial Markets Conduct Act 2013 as it has the power to exercise, or
control the exercise of, the right to vote attached to 20% or more of the voting
products in one or more affiliated investment managers (See Annexure A – Part
2) who each in turn hold relevant interests in financial products the subject of
this notice. Relevant agreement documents need not be attached under
regulation 139.
For that relevant interest,—
(a) number held in class: 9,523,767
(b) percentage held in class: 5.178%
(c) current registered holder(s): Annexure B
(d) registered holder(s) once transfers are registered: n/a

2
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
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure:
Holder of
relevant
interest Trade Date Consideration
Number of
securities
Class of
Securities
Cash (NZD)
Non-
cash
Pinnacle
Investment
Management
Group Limited
(and its
subsidiaries
listed in
Annexure A) 11/04/2023 $
404,968.28
386,211
ORDINARY
FULLY PAID
As above
17/04/2023 $
672,109.79
642,760
ORDINARY
FULLY PAID
As above
18/05/2023 $
745,506.71
747,009
ORDINARY
FULLY PAID
As above
14/06/2023 -$
235,343.89
-249,226
ORDINARY
FULLY PAID
As above
08/08/2023 $
480,764.48
479,102
ORDINARY
FULLY PAID
A
dditional information
Address(es) of substantial product holder(s):
Name Address
Pinnacle Investment
Management Group Limited
Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Fund Services Limited Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Investment
Management Limited
Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Investment
Management Group Limited
Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Investment
Management Limited
Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Fund Services Limited Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Ariano Pty Limited Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Next Financial Limited Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Next Financial Nominees Pty Ltd Level 19, 307 Queen St, Brisbane QLD 4000, Australia

3
Next Financial Nominees No. 2
Pty Ltd
Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Investment Solutions Client
Services Pty Ltd
Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Priority Funds Management Pty
Ltd
Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Priority Investment Management
Pty Ltd
Level 19, 307 Queen St, Brisbane QLD 4000, Australia
PNI Option Plan Managers Pty
Ltd
Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Investment
Management (UK) Limited
7th Floor, Dashwood House, 69 Old Broad Street, London
EC2M 1QS, United Kingdom
Pinnacle RE Services Limited Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Services Administration
Pty Ltd
Level 19, 307 Queen St, Brisbane QLD 4000, Australia
POSH Nominees Pty Limited Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pingroup IM Limited (US)
c/o TMF Group New York, LLC, 48 Wall Street, 27
th
Floor,
New York NY 10005
Co
ntact details: Calvin Kwok, +61 2 89707718,
calvinkwok@pinnacleinvestment.com
*Nature of connection between substantial product holders:
Name ACN Nature of Association
Pinnacle Investment Management Group
Limited
100 325 184 Related body corporate of each
other entity listed.
Pinnacle Investment Management
Limited
109 659 109 Related body corporate of each
other entity listed.
Pinnacle Fund Services Limited 082 494 362 Related body corporate of each
other entity listed.
Ariano Pty Limited 605 250 799 Related body corporate of each
other entity listed.
Next Financial Limited 081 722 894 Related body corporate of each
other entity listed.
Next Financial Nominees Pty Ltd 093 252 576 Related body corporate of each
other entity listed.
Next Financial Nominees No. 2 Pty Ltd 132 819 115 Related body corporate of each
other entity listed.
Investment Solutions Client Services Pty
Ltd
117 898 334 Related body corporate of each
other entity listed.
Priority Funds Management Pty Ltd 120 826 575 Related body corporate of each
other entity listed.
Priority Investment Management Pty Ltd 116 943 456 Related body corporate of each
other entity listed.
PNI Option Plan Managers Pty Ltd 116 943 456 Related body corporate of each
other entity listed.
Pinnacle RE Services Limited 130 508 379 Related body corporate of each
other entity listed.
Pinnacle Services Administration Pty Ltd 126 175 148 Related body corporate of each
other entity listed.

4
Pinnacle Investment Management (UK)
Limited
Company
Number
11026111
Related body corporate of each
other entity listed.
POSH Nominees Pty Limited 620 094 251 Related body corporate of each
other entity listed.
Pingroup IM Limited (US)
EIN 85-0920129 Related body corporate of each
other entity listed.

Certification
I, Calvin Kwok, 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.

NZME LTD
Annexure A - Part 1
Holder of relevant interestNature of relevant interest
Pinnacle Investment Management Group Limited (ACN 100 325 184)
Pinnacle Investment Management Limited (ACN 109 659 109)
Ariano Pty Limited (ACN 605 250 799)
Next Financial Limited (ACN 081 722 894)
Next Financial Nominees Pty Ltd (ACN 093 252 576)
Next Financial Nominees No. 2 Pty Ltd (ACN 132 819 115)
Investment Solutions Client Services Pty Ltd (ACN 117 898 334)
Priority Funds Management Pty Ltd (ACN 120 826 575)
Priority Investment Management Pty Ltd (ACN 116 943 456
PNI Option Plan Managers Pty Ltd (ACN 125 030 766)
Pinnacle RE Services Limited (ACN 130 508 379)
Pinnacle Services Administration Pty Ltd (ACN 126 175 148)
Pinnacle Investment Management (UK) Limited (Company Number
11026111)
POSH Nominees Pty Limited (ACN 620 094 251)
Pingroup IM Limited (US) (EIN 85-0920129)
Relevant interest by virtue of section 608(3)
of the Corporations Act as it or its associates holds directly or
indirectly above 20% voting power in one or more affiliated
investment managers (see Annexure A – Part 2) and Pinnacle
Fund Services Limited, who each in turn hold relevant interests
in the securities the subject of this notice.
Pinnacle Fund Services Limited (ACN 082 494 362)Relevant interest held through the power to control voting
and/or disposal of securities in its capacity as responsible
entity or trustee of registered or unregistered schemes and/or
relevant interest by virtue of section 608(3)
of the Corporations Act as it or its associates holds directly or
indirectly above 20% voting power in one or more affiliated
investment managers (see Annexure A – Part 2) who each in
turn hold relevant interests in the securities the subject of this
notice.
Calvin Kwok
Company Secretary
Date: 11/08/2023

NZME LTD
Annexure A - Part 2
Affiliated Investment Managers in which Pinnacle has over 20% voting power
Aikya Investment Management Limited (UK) (Company Number 12329682)
Antipodes Partners Limited (ACN 602 042 035)
Coolabah Capital Investments Pty Limited (ACN 605 806 059)
Five V Capital Pty Limited (ACN 162 193 928)
Hyperion Asset Management Limited (ACN 080 135 897)
Langdon Equity Partners Limited (CA) (NRD 73210)
Metrics Credit Partners Pty Limited (ACN 150 646 996)
Palisade Investment Partners Limited (ACN 124 326 361)
Plato Investment Management Limited (ACN 120 730 136)
Resolution Capital Limited (ACN 108 584 167)
Solaris Investment Management Limited (ACN 128 512 621)
Riparian Capital Partners Pty Ltd (ACN 630 179 752)
Calvin Kwok
Company Secretary
Date: 11/08/2023

NZME LTD
Annexure B
Holder of relevant interestRegistered holder
of securities
Person entitled to
be registered as
holder
Number of
securities
Class of
securities
Pinnacle Investment Management
Group Limited (and its subsidiaries
listed in Annexure A)
CitibankCitibank9,523,767 Ordinary fully
paid
This is Annexure "B" of 1 page
Calvin Kwok
Company Secretary
Date: 11/08/2023