SPH Notice – JWAJ 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 NZX Limited
and
To Winton Land Limited (WIN)
Relevant event being disclosed: Change in nature of relevant interest
Date of relevant event: 23 August 2023
Date this disclosure made: 28 August 2023
Date last disclosure made: 17 December 2021
Substantial product holder(s) giving disclosure
Full name(s): JWAJ Limited
Summary of substantial holding
Class of quoted voting products: Ordinary shares in WIN (NZX Code: WIN)
Summary for JWAJ Limited
For this disclosure,—
(a) total number held in class: 20,972,418
(b) total in class: 296,613,736
(c) total percentage held in class: 7.071%
For last disclosure,—
(a) total number held in class: 20,972,418
(b) total in class: 296,613,736
(c) total percentage held in class: 7.071%
Details of transactions and events giving rise to relevant event:
In connection with the initial public offering of WIN (the Offer) JWAJ Limited entered into a
restricted security agreement with WIN (previously attached to WIN’s substantial product
holder notice dated 17 December 2021) pursuant to which it agreed not to sell or
otherwise dispose of more than 25% of the shares held by it prior to the Offer before the
business day after the release of WIN’s results announcement for the financial year ended
30 June 2023.
On 22 August 2023, WIN released its results announcement for the financial year ended 30
June 2023 to NZX. Accordingly, the shares held by JWAJ Limited are now released from
the escrow restrictions described above and JWAJ Limited’s power to sell or otherwise

2
dispose of those shares is no longer qualified by the escrow restrictions in the restricted
security agreement.
Details after relevant event
Details for JWAJ Limited
Nature of relevant interest(s): Registered holder and beneficial owner
For that relevant interest,—
(a) For that relevant interest,—
(a) number held in class: 20,972,418
(b) percentage held in class: 7.071%
(c) current registered holder(s): JWAJ Limited as the trustee of the Weka Trust
(d) registered holder(s) once transfers are registered: Not applicable
For a derivative relevant interest, also —
(a) type of derivative: Not applicable
(b) details of derivative: Not applicable
(c) parties to the derivative: Not applicable
(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: Not applicable
Additional information
Address(es) of substantial product holder(s): Bankside Chambers, Level 22, 88 Shortland
Street, Auckland Central, Auckland, 1010, New Zealand
Contact details: Jeremy Johnson, +64 27 418 1654, jeremy.johnson@bankside.co.nz
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: Winton Land Limited
Certification
I, Jeremy Wiremu Alexander Johnson, 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.