SPH Notice - New Zealand Superannuation Fund Nominees Ltd

1
Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To NZX Limited
and
To Vulcan Steel Limited (“VSL”)
Date this disclosure made: 1
st
July 2024
Date on which substantial holding began: 26
th
June 2024
Substantial product holder(s) giving disclosure
Full name(s): New Zealand Superannuation Fund Nominees Limited as nominee for the
New Zealand Superannuation Fund being property of His Majesty the King in right of New
Zealand and managed by the Guardians of New Zealand Superannuation ("NZSF")

Summary of substantial holding
Class of quoted voting products: Ordinary Shares in VSL (ISIN: AU0000181984)
Summary for NZSF
For this disclosure,—
(a) total number held in class: 6,758,602
(b) total in class: 131,408,572
(c) total percentage held in class: 5.143%
Details of relevant interests
Details for NZSF
Nature of relevant interest(s): Beneficial owner of shares and/or power to control the
acquisition/disposal of, and voting rights attached to, shares
For that relevant interest,—
(a) number held in class: 6,758,602
(b) percentage held in class: 131,408,572
(c) current registered holder(s): New Zealand Central Securities Depository Limited (for
NZSF). These shares are within NZSF’s internal equities portfolios.
(d) registered holder(s) once transfers are registered: N/A
For a derivative relevant interest, also—
(a) type of derivative: N/A
(b) details of derivative: N/A

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(c) parties to the derivative: N/A
(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: N/A
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure:
Between 26
th
February 2024 and 26
th
June 2024, NZSF (through its internal portfolios)
bought an aggregate of 721,314 ordinary shares in VSL on-market for an aggregate
consideration of $5,666,101.43.
Between 26
th
February 2024 and 26
th
June 2024, NZSF (through its internal portfolios)
sold an aggregate of 154,590 ordinary shares in VSL on-market for an aggregate
consideration of $1,411,086.34.
Additional information
Address(es) of substantial product holder(s):
Level 12, Jarden House, 21 Queen Street
Auckland 1010, New Zealand

Contact details:
Amy Hitchcock
Ph: +64 9 300 6980
Email: operations@nzsuperfund.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: N/A
Certification
I, Amy Hitchcock, 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.