SPH Notice – Forsyth Barr Investment Management Limited

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Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To: NZX Limited
and
To: Precinct Properties New Zealand Limited
Date this disclosure made: 10 October 2023
Date on which substantial holding began: 22 September 2023
Substantial product holder(s) giving
disclosure:

Forsyth Barr Investment Management Limited
Summary of substantial holding
Class of quoted voting products: PCT 21/09/2027 7.53% Convertible Notes
(PCTHC) (the “Notes”)
Summary for Forsyth Barr Investment Management Limited
For this disclosure,—
(a) total number held in class: 31,372,000
(b) total in class: 85,000,000
(c) total percentage held in class:

36.9%
Details of relevant interests
Details for Forsyth Barr Investment Management Limited
Nature of relevant interest(s):

The relevant interest arises under various
investment management agreements to which
Forsyth Barr Investment Management Limited
is a party in its capacity as the manager of the
Forsyth Barr Investment Funds and as a
provider of discretionary investment
management services (“DIMS”). The relevant
interest arises only from the powers of
investment contained in those agreements,
including the power to control the disposal of
the Notes. A relevant agreement document
need not be attached under regulation 139.
For that relevant interest,—
(a) number held in class: 31,372,000
(b) percentage held in class: 36.9%
(c) current registered holder(s): Not applicable
(d) registered holder(s) once transfers are
registered:
Forsyth Barr Custodians Limited
For a derivative relevant interest, also—
(a) type of derivative: Not applicable

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(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
Details of transactions and events giving rise to substantial holding
Allotment on 21 September 2023 of Notes under the Priority Offer and General Offer at the
issue price of $1 per note.

Additional information
Address(es) of substantial product holder(s): Forsyth Barr House, The Octagon, Dunedin
Contact details: Maria Reyes Malqui
T: +64 (4) 495 8208
E: compliance@forsythbarr.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:
Not applicable
Certification
I, Maria Reyes Malqui, 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.