SPH Notice – FirstCape Group Limited

Disclosure of beginning to have substantial holding

Section 276, Financial Markets Conduct Act 2013



To NZX Limited

and

To AoFrio Limited (AOF)
Date this disclosure made: 01 May 2024
Date on which substantial holding
began:
30 April 2024


Substantial product holder(s) giving disclosure
Full name(s):
FirstCape Group Limited


Summary of substantial holding
Class of quoted voting
products:
Ordinary Shares (Shares)
Summary for:
FirstCape Group Limited
For this
disclosure -
(a) total number held in
class:
40,773,071

(b) total in class: 431,853,006

(c) total percentage held
in class:
9.44%

Details of relevant interests:
Details for: FirstCape Group Limited

Nature of relevant interest(s):
Relevant interest in Shares that its wholly-owned subsidiary
Harbour Asset Management Limited has a relevant interest
in. Harbour Asset Management Limited has the power to
exercise (or control the exercise of) rights to vote attached
to, and power to acquire or dispose of (or control the
acquisition or disposal of),
Shares under investment powers
contained in trust deeds or investment management
agreements with clients. FirstCape Group Limited has those
powers and controls indirectly, as the ultimate owner of
Harbour Asset Management Limited.
Number held in class:
40,733,071
Percentage held in class:
9.44%
Current registered holder of
financial products:
Various nominees or custodians for and on behalf of
Harbour Asset Management Limited
Registered holder of financial
products once transfer is
registered:
Various nominees or custodians for and on behalf of
Harbour Asset Management Limited

Details of t ransactions and e vents g iving r ise to substantial holding:

As announced on 14 December 2023, Jarden Partners Limited (Jarden) and National Australia
Bank Limited (NAB), and their respective related companies, have agreed to combine their New
Zealand wealth advisory and asset management businesses into a newly formed entity, with related
companies of NAB and Jarden, respectively, and funds managed or advised by Pacific Equity
Partners (PEP) as the shareholders of that new entity (the Transaction). FirstCape Group Limited
is a newly incorporated company that was established in connection with the Transaction. At
completion on 30 April 2024, FirstCape Group Limited acquired, directly or indirectly, all of the
shares in certain companies including: Jarden Wealth Limited, Harbour Asset Management Limited,
BNZ Investment Services Limited and JBWere (NZ) Pty Limited. As a result, it acquired a relevant
interest in shares that those entities had a relevant interest in.



Additional information
Address of substantial product
holder:
Level 21, 171 Featherston Street, Wellington
Contact details:
Madeleine Pumphrey
M +64 27 376 8309
madeleine.pumphrey@jarden.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:
• Jarden Securities Limited has given notice that it ceases to have a relevant interest in
some of the Shares to which this disclosure relates;

• Harbour Asset Management Limited became a subsidiary of FirstCape Group Limited as
a result of the Transaction. It has previously given notice that it has a substantial
holding in the Shares to which this disclosure relates. That notice is not affected by this
disclosure.

Certification

I, Madeleine Pumphrey, 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.