SPH Notice – FirstCape Group Limited

Disclosure of beginning to have substantial holding

Section 276, Financial Markets Conduct Act 2013



To NZX Limited

and

To New Zealand Rural Land Company Limited (NS) (NZL)
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:
8,795,622

(b) total in class: 139,819,818

(c) total percentage held
in class:
6.29%

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:
5,958,866
Percentage held in class:
4.26%
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

Nature of relevant interest(s):
Relevant interest in Shares that its wholly-owned subsidiary
Jarden Wealth Limited has a relevant interest in. Jarden
Wealth 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 the terms of investment management
agreements with clients (who are the beneficial owners of
the Shares). FirstCape Group Limited has those powers
and controls indirectly, as the ultimate owner of Jarden
Wealth Limited.
Number held in class:
2,836,756
Percentage held in class:
2.03%
Current registered holder of
financial products:
FNZ Custodians Limited
Registered holder of financial
products once transfer is
registered:
FNZ Custodians Limited


Details of transactions and events giving rise 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.