Substantial Product Holder Notice

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Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
Note: This form must be completed in accordance with the instructions at the end of the
form.
To NZX Limited
and
To Gentrack Group Ltd
Date this disclosure made: 20 December 2023
Date on which substantial holding began: 22 December 2023
Substantial product holder(s) giving disclosure
Full name(s): Regal Funds Management Pty Ltd
Summary of substantial holding
Class of quoted voting products: Ordinary Shares, (NZX: GTK, ISIN: NZGTKE0002S9)
Summary for Regal Funds Management Pty Ltd
For this disclosure,—
(a) total number held in class:
5,653,350
(b) total in class: 103,135,024
(c) total percentage held in class: 5.482%
Details of relevant interests
Details for Regal Funds Management Pty Ltd
Nature of relevant interest(s): Relevant interest by virtue of Regal Funds Management Pty
Limited having the power to acquire or dispose of financial products in its capacity as
trustee and manager of the Regal Atlantic Absolute Return Fund, Regal Tasman Market
Neutral Fund, Regal Australian Long Short Equity Fund, Regal Australian Active Extension
Trust, Regal Australian Long Short Geared Equity Fund, Regal Australian Small Companies
Fund, Regal Partners Private Fund, Regal Emerging Companies Opportunities Fund, Regal
Tactical Opportunities Fund, Regal Emerging Companies Fund III & investment manager
for Regal Investment Fund & investment adviser of the Zambezi Absolute Return Fund,
Amazon Market Neutral Fund, Regal Absolute Return Fund.

For that relevant interest,—
(a) number held in class: 4,662,182
(b) percentage held in class: 4.521%
(c) current registered holder(s):

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Regal Atlantic Absolute Return Fund (0.138%), (Custodian – UBS Nominees Pty Ltd)
Regal Atlantic Absolute Return Fund (0.273%), (Custodian – J.P. Morgan Prime Nominees Ltd)
Regal Atlantic Absolute Return Fund (0.033%), (Custodian – Merrill Lynch (Aus) Nominees Pty
Ltd)
Regal Tasman Market Neutral Fund (0.029%), (Custodian – UBS Nominees Pty Ltd)
Regal Tasman Market Neutral Fund (0.103%), (Custodian – J.P. Morgan Prime Nominees Ltd)
Regal Australian Long Short Equity Fund (0.112%), (Custodian – J.P. Morgan Prime Nominees
Ltd)
Regal Australian Active Extension Trust (0.424%), (Custodian – J.P. Morgan Prime Nominees
Ltd)
Regal Australian Long Short Geared Equity Fund (0.130%), (Custodian – J.P. Morgan Prime
Nominees Ltd)
Regal Australian Small Companies Fund (0.601%), (Custodian – J.P. Morgan Prime Nominees
Ltd)
Regal Investment Fund (0.024%), (Custodian – UBS Nominees Pty Ltd)
Regal Investment Fund (0.293%), (Custodian – J.P. Morgan Prime Nominees Ltd)
Regal Partners Private Fund (0.006%), (Custodian – J.P. Morgan Prime Nominees Ltd)
Regal Emerging Companies Opportunities Fund (0.542%), (Custodian – Merrill Lynch (Aus)
Nominees Pty Ltd)
Regal Emerging Companies Opportunities Fund (0.354%), (Custodian – J.P. Morgan Prime
Nominees Ltd)
Regal Emerging Companies Opportunities Fund (0.824%), (Custodian – HSBC Custody
Nominees (Australia) Limited)
Regal Emerging Companies Fund III (0.167%), (Custodian – Merrill Lynch (Aus) Nominees Pty
Ltd)
Regal Emerging Companies Fund III (0.099%), (Custodian – HSBC Custody Nominees
(Australia) Limited)
Regal Tactical Opportunities Fund (0.369%), (Custodian – J.P. Morgan Prime Nominees Ltd)


Details of relevant interests
Details for Regal Funds Management Pty Limited
Nature of relevant interest(s):
derivative relevant interest over quoted underlying.
For that relevant interest,—
(a) number held in class: 991,168
(b) percentage held in class: 0.961%
(c) current registered holder(s):
Zambezi Absolute Return Fund (0.121%), (Custodian – UBS Nominees Pty Ltd)
Zambezi Absolute Return Fund (0.055%), (Custodian – Merrill Lynch (Aus) Nominees Pty Ltd)
Zambezi Absolute Return Fund (0.063%), (Custodian – HSBC Custody Nominees (Australia)
Limited)
Zambezi Absolute Return Fund (0.450%), (Custodian – J.P. Morgan Prime Nominees Ltd)
Regal Absolute Return Master Fund (0.034%), (Custodian – UBS Nominees Pty Ltd)
Regal Absolute Return Master Fund (0.007%), (Custodian – Merrill Lynch (Aus) Nominees Pty
Ltd)
Regal Absolute Return Master Fund (0.065%), (Custodian – J.P. Morgan Prime Nominees Ltd)
Amazon Market Neutral Fund (0.037%), (Custodian – UBS Nominees Pty Ltd)
Amazon Market Neutral Fund (0.128%), (Custodian – J.P. Morgan Prime Nominees Ltd)

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For a derivative relevant interest, also—
(a) type of derivative: Cash Settled Swap Agreement
(b) details of derivative: (refer attached)
(c) parties to the derivative: Zambezi Absolute Return Fund, Regal Absolute Return
Fund & Amazon Market Neutral Fund; UBS Nominees Pty Ltd, Merrill Lynch (Aus) Nominees
Pty Ltd, HSBC Custody Nominees (Australia) Limited & J.P. Morgan Prime Nominees Ltd
(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: Power to control the acquisition or disposal of the
financial product under an agreement.
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure: Relevant interest in
Gentrack Group Ltd shares arising via on market purchase of shares.
Date Buy/Sell Transaction Type Shares Consideration
20/12/2023 Buy Buy 4,250,000 $ 25,413,720 AUD

Additional information
Address(es) of substantial product holder(s): Regal Funds Management Pty Ltd
Level 47, 1 Macquarie Place, NSW, 2000, Sydney, Australia
Contact details: Regal Funds Management Pty Ltd
Ph: +61 2 8197 4333
Email: reception@regalfm.com

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,
Kenny Ho 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.

_____________________ date: 22/12/2023
Kenny Ho
Secretary
Regal Funds Management

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Attachment
GTK – Becoming a substantial Shareholder by Regal Funds Management Pty Limited
dated 20/12/2023
Details of Derivative
Parties to the Derivative
UBS Nominees Pty Ltd,
Zambezi Absolute
Return Fund
UBS Nominees Pty
Ltd, Regal Absolute
Return Master Fund

UBS Nominees Pty
Ltd, Amazon Market
Neutral Fund
Notional number of
underlying financial products
125,104 35,555 38,424
Cash or physical settled Cash settled swap Cash settled swap Cash settled swap
Maturity Date 23 September 2024 31 October 2025 23 September 2024
Expiry Date n/a n/a n/a
Entry price AUD 5.62 AUD 5.30 AUD 5.12
How value of derivative
determined by value of the
underlying

Mark to market

Mark to market

Mark to market

Parties to the Derivative
J.P. Morgan Prime
Nominees Ltd,
Zambezi Absolute
Return Fund
HSBC Custody
Nominees
(Australia) Limited,
Zambezi Absolute
Return Fund
J.P. Morgan Prime
Nominees Ltd, Regal
Absolute Return
Master Fund
Notional number of
underlying financial products
463,890 65,000 67,547
Cash or physical settled Cash settled swap Cash settled swap Cash settled swap
Maturity Date 3 November 2025 1 December 2028 2 January 2026
Expiry Date n/a n/a n/a
Entry price AUD 5.98 AUD 4.56 AUD 5.98
How value of derivative
determined by value of the
underlying

Mark to market

Mark to market

Mark to market

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Parties to the Derivative
J.P. Morgan Prime
Nominees Ltd, Amazon
Market Neutral Fund
Merrill Lynch (Aus)
Nominees Pty Ltd,
Zambezi Absolute
Return Fund
Merrill Lynch (Aus)
Nominees Pty Ltd,
Regal Absolute
Return Master Fund
Notional number of
underlying financial products
131,652 56,779 7,217
Cash or physical settled Cash settled swap Cash settled swap Cash settled swap
Maturity Date 2 January 2026 22 December 2025 22 December 2025
Expiry Date n/a n/a n/a
Entry price AUD 5.98
AUD 4.71 - AUD
5.98
AUD 4.71 - AUD 5.98
How value of derivative
determined by value of the
underlying

Mark to market

Mark to market

Mark to market