SPH Notice – Auckland Council

38402791.1 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 Auckland International Airport Limited
Relevant event being disclosed: A movement of 1% or more in substantial holding
Date of relevant event: 31 August 2023
Date this disclosure made: 1 September 2023
Date last disclosure made: 2 July 2018
Substantial product holder(s) giving disclosure
Full name(s): Auckland Council
Summary of substantial holding
Class of quoted voting products: Auckland International Airport Limited Ordinary Shares (NZX: AIA) (AIA
Shares)
For last disclosure,—
(a) total number held in class: 266,328,912
(b) total in class: 1,190,758,599
(c) total percentage held in class: 22.366% (subsequently diluted to 18.08%)
For this disclosure,
(a) total number held in class: 163,231,466
(b) total in class: 1,472,820,947
(c) total percentage held in class: 11.08%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:
Transaction
Date
Nature of change Consideration
No. of securities /
votes affected
31 August
2023
On market sale $8.15 per share. (Aggregate: $90,905,100) 11,154,000
31 August
2023
On market sale $8.11 per share. (Aggregate: $209,967,640) 25,889,968

38402791.1 2
31 August
2023
Documentation of
underwritten block
trade (see below)
As determined under the block trade
agreement, being a sale price of $8.10 per
AIA Share (Aggregate: $535,033,334).
66,053,498
On 31 August 2023, Auckland Council entered into a block trade agreement with UBS New Zealand Limited
under which Auckland Council appointed UBS to manage and underwrite the sale of 66,053,498 AIA Shares
at a price determined under the block trade agreement – the resultant price being $8.10 per AIA Share. As
a consequence of the block trade agreement, there is a qualification on the power of Auckland Council to
dispose of or to control the disposal of such shares.
Additional information
Address(es) of substantial product holder(s): 135 Albert Street, Auckland Central, Auckland 1010
Contact details: John Bishop, Treasurer, Auckland Council +64 9 977 6598,
john.bishop@aucklandcouncil.govt.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:
N/A
Certification
I, John Bishop, 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.