SPH Notice – Salt Funds Management Limited

100080615/3821103.1
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 Asset Plus Limited
Relevant event being disclosed:
Date of relevant event: 12 January 2024
Date this disclosure made: 16 January 2024
Date last disclosure made: 02 March 2023
Substantial product holder(s) giving disclosure
Full name(s): Salt Funds Management Limited
Summary of substantial holding
Class of quoted voting products: Asset Plus Limited (APL)
Summary for Salt Funds Management Limited
For this disclosure,—
(a) total number held in class: 39,749,257
(b) total in class: 362,717,801
(c) total percentage held in class: 10.959%
For last disclosure,—
(a) total number held in class: 36,117,463
(b) total in class: 362,717,801
(c) total percentage held in class: 9.957%

100080615/3821103.1

Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:

Transaction Type Period Shares/Units Consideration
On-market purchases
01/03/2023-
12/01/2024
4,273,794 -$1,095,081.19
On-market sales
08/06/2023-
31/10/2023
-642,000 $166,021.50




Details after relevant event
Details for Salt Funds Management Limited
Nature of relevant interest(s): Investment Manager
For that relevant interest,—
(a) number held in class: 39,749,257
(b) percentage held in class: 10.959%
(c) current registered holder(s):
(d) registered holder(s) once transfers are registered: See Annexure 1.
Additional information
Address(es) of substantial product holder(s): Level 3, The Imperial Buildings, 44 Queen
Street, Auckland 1050
Contact details:
Randall Clement, Telephone: 09 869 7278, Email: randall.clement@saltfunds.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, Randall Clement, 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.

100080615/3821103.1
ANNEXURE 1
SUBSTANTIAL SECURITY HOLDER NOTICE FROM SALT FUNDS MANAGEMENT LTD
DATED 16 January 2024
Name of type of shares Asset Plus Limited Ordinary Shares
Percentage held 10.959 %

Registered holder:
Guardian Nominees No.2 Ltd (as custodian for
BT Funds Management (NZ) Ltd)
Holding: 30,798,536 (8.491%)
Registered holder:
National Nominees Ltd (as custodian for Salt
Investment Funds Ltd)
Holding: 8,950,721 (2.468%)