SPH Notice - Wilson Asset Management

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Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To NZX Limited
Date this disclosure made: 04/02/2025
Date on which substantial holding began: 31/01/2025
Substantial product holder(s) giving disclosure
Full name(s): Wilson Asset Management (International) Pty Limited and its
Associates (Wilson Asset Management Group) as defined in Appendix A
Summary of substantial holding
Class of quoted voting products: Ordinary Shares, ISIN: NZNZXE0001S7
Summary for Wilson Asset Management Group
For this disclosure,—
(a)total number held in class: 16,435,452
(b)total in class: 327,022,314
(c)total percentage held in class: 5.03%
Details of relevant interests
Details for: WAM Capital Limited
Nature of relevant interest(s): Beneficial owner
For that relevant interest,—
(a)number held in class: 8,783,625
(b)percentage held in class: 2.69%
(c)current registered holder(s): Citigroup Pty Limited
(d)registered holder(s) once transfers are registered: WAM Capital Limited
For a derivative relevant interest, also—
(a)type of derivative: n/a
(b)details of derivative: n/a
(c)parties to the derivative: n/a

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(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 for: WAM Research Limited
Nature of relevant interest(s): Beneficial owner
For that relevant interest,—
(a) number held in class: 2,338,762
(b) percentage held in class: 0.72%
(c) current registered holder(s): Citigroup Pty Limited
(d) registered holder(s) once transfers are registered: WAM Research Limited
For a derivative relevant interest, also—
(a) type of derivative: n/a
(b) details of derivative: n/a
(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 for: Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund
Nature of relevant interest(s): Beneficial owner
For that relevant interest,—
(a) number held in class: 237,932
(b) percentage held in class: 0.07%
(c) current registered holder(s): Citigroup Pty Limited
(d) registered holder(s) once transfers are registered: Botanical Nominees Pty Limited
ATF Wilson Asset Management Equity Fund
For a derivative relevant interest, also—
(a) type of derivative: n/a
(b) details of derivative: n/a
(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

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Details for: WAM Microcap Limited
Nature of relevant interest(s): Beneficial owner
For that relevant interest,—
(a) number held in class: 5,075,133
(b) percentage held in class: 1.55%
(c) current registered holder(s): Citigroup Pty Limited
(d) registered holder(s) once transfers are registered: WAM Microcap Limited
For a derivative relevant interest, also—
(a) type of derivative: n/a
(b) details of derivative: n/a
(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

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Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure: Refer to Appendix B
Additional information
Address(es) of substantial product holder(s): Refer to Appendix A
Contact details:
Kim Heng
Ph: +61 2 9247 6755
email: operations@wilsonassetmanagement.com.au
Nature of connection between substantial product holders:
WAM Capital Limited: Related body corporate
WAM Microcap Limited: Related body corporate
WAM Research Limited: Related body corporate
Botanical Nominees Pty Limited: Related body corporate
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, Kim Heng, 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: 04/02/25
Kim Heng
Chief Operations Officer

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Appendix A
Wilson Asset Management Group
NameACN / ARSN
Wilson Asset Management (International) Pty Limited
(ACN 081 047 118)
MAM Pty Limited
(ACN 100 276 542)
WAM Capital Limited
(ACN 086 587 395)
WAM Research Limited
(ACN 100 504 541)
WAM Active Limited
(ACN 126 420 719)
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund
(ACN 081 032 000)
WAM Leaders Limited
(ACN 611 053 751)
WAM Microcap Limited
(ACN 617 838 418)
WAM Global Limited
(ACN 624 572 925)
WAM Strategic Value Limited
(ACN 649 096 220)
WAM Alternative Assets Limited
(ACN 168 941 704)
Wilson Asset Management Leaders Fund
(ARSN 663 806 228)
Wilson Asset Management Founders Fund
(ARSN 682 673 678)
Name
Address
Wilson Asset Management (International) Pty Limited
Level 26,1 Farrer Place, Sydney, NSW 2000
MAM Pty Limited
Level 26,1 Farrer Place, Sydney, NSW 2000
WAM Capital Limited
Level 26,1 Farrer Place, Sydney, NSW 2000
WAM Research Limited
Level 26,1 Farrer Place, Sydney, NSW 2000
WAM Active Limited
Level 26,1 Farrer Place, Sydney, NSW 2000
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund
Level 26,1 Farrer Place, Sydney, NSW 2000
WAM Leaders Limited
Level 26,1 Farrer Place, Sydney, NSW 2000
WAM Microcap Limited
Level 26,1 Farrer Place, Sydney, NSW 2000
WAM Alternative Assets Limited
Level 26,1 Farrer Place, Sydney, NSW 2000
WAM Strategic Value Limited
Level 26,1 Farrer Place, Sydney, NSW 2000
WAM Global Limited
Level 26,1 Farrer Place, Sydney, NSW 2000
Wilson Asset Management Leaders Fund
Level 26,1 Farrer Place, Sydney, NSW 2000
Wilson Asset Management Founders Fund
Level 26,1 Farrer Place, Sydney, NSW 2000
Citigroup Pty Limited
Level 21, 2 Park Street, Sydney NSW 2001
Signed: _______________________
Date: 04/02/25

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Appendix B
Refer to Appendix A for the name and ACN's of the Wilson Asset Management Group members.
Holder of relevant interestDate of aquisition Cash consideration ($) Amount of securities Class of securities
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund 31/10/20244,554.66- 3,344 Ordinary shares
WAM Capital Limited31/10/2024139,073.82- 102,107 Ordinary shares
WAM Microcap Limited31/10/202485,530.66- 62,796 Ordinary shares
WAM Research Limited31/10/202443,248.86- 31,753 Ordinary shares
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund 5/11/202413,692.55- 9,836 Ordinary shares
WAM Capital Limited5/11/2024414,104.92- 297,471 Ordinary shares
WAM Research Limited5/11/2024129,036.53- 92,693 Ordinary shares
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund 6/11/20241,060.36- 739 Ordinary shares
WAM Capital Limited6/11/202432,077.48- 22,356 Ordinary shares
WAM Research Limited6/11/20249,995.16- 6,966 Ordinary shares
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund 7/11/202430,585.13- 20,464 Ordinary shares
WAM Capital Limited7/11/2024924,914.79- 618,845 Ordinary shares
WAM Research Limited7/11/2024288,204.79- 192,833 Ordinary shares
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund 8/11/20245,812.21- 3,869 Ordinary shares
WAM Capital Limited8/11/2024186,690.62- 124,274 Ordinary shares
WAM Research Limited8/11/202457,944.79- 38,572 Ordinary shares
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund 11/11/20243,486.02- 2,321 Ordinary shares
WAM Capital Limited11/11/2024111,959.83- 74,543 Ordinary shares
WAM Research Limited11/11/202434,749.11- 23,136 Ordinary shares
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund 12/11/20243,122.64- 2,081 Ordinary shares
WAM Capital Limited12/11/2024100,301.10- 66,843 Ordinary shares
WAM Research Limited12/11/202431,131.86- 20,747 Ordinary shares
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund 14/11/20245,298.97- 3,483 Ordinary shares
WAM Capital Limited14/11/2024170,109.91- 111,813 Ordinary shares
WAM Research Limited14/11/202452,797.93- 34,704 Ordinary shares
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund 15/11/20242,049.59- 1,400 Ordinary shares
WAM Capital Limited15/11/202465,837.22- 44,971 Ordinary shares
WAM Research Limited15/11/202420,434.41- 13,958 Ordinary shares
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund 18/11/2024712.57- 488 Ordinary shares
WAM Capital Limited18/11/202426,299.43- 18,011 Ordinary shares
WAM Microcap Limited18/11/202415,263.33- 10,453 Ordinary shares
WAM Research Limited18/11/20247,001.60- 4,795 Ordinary shares
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund 26/11/20241,056.80- 723 Ordinary shares
WAM Capital Limited26/11/202439,005.18- 26,685 Ordinary shares
WAM Microcap Limited26/11/202422,637.18- 15,487 Ordinary shares
WAM Research Limited26/11/202410,385.30- 7,105 Ordinary shares
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund 27/11/20243,207.98- 2,169 Ordinary shares
WAM Capital Limited27/11/2024118,402.56- 80,055 Ordinary shares
WAM Microcap Limited27/11/202468,715.05- 46,460 Ordinary shares
WAM Research Limited27/11/202431,526.69- 21,316 Ordinary shares
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund 28/11/20241,737.12- 1,194 Ordinary shares
WAM Capital Limited28/11/202464,135.43- 44,083 Ordinary shares
WAM Microcap Limited28/11/202437,221.63- 25,584 Ordinary shares
WAM Research Limited28/11/202417,077.37- 11,738 Ordinary shares
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund 29/11/2024975.29- 660 Ordinary shares
WAM Capital Limited29/11/202436,022.21- 24,377 Ordinary shares
WAM Microcap Limited29/11/202420,905.21- 14,147 Ordinary shares
WAM Research Limited29/11/20249,591.84- 6,491 Ordinary shares
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund 2/12/2024858.93- 578 Ordinary shares
WAM Capital Limited2/12/202431,723.67- 21,348 Ordinary shares

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Holder of relevant interestDate of aquisition Cash consideration ($) Amount of securities Class of securities
WAM Microcap Limited2/12/202418,411.86- 12,390 Ordinary shares
WAM Research Limited2/12/20248,446.57- 5,684 Ordinary shares
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund 3/12/2024861.16- 579 Ordinary shares
WAM Capital Limited3/12/202431,751.47- 21,348 Ordinary shares
WAM Microcap Limited3/12/202418,426.50- 12,389 Ordinary shares
WAM Research Limited3/12/20248,453.97- 5,684 Ordinary shares
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund 4/12/2024643.28- 434 Ordinary shares
WAM Capital Limited4/12/202423,731.82- 16,011 Ordinary shares
WAM Microcap Limited4/12/202413,772.79- 9,292 Ordinary shares
WAM Research Limited4/12/20246,318.70- 4,263 Ordinary shares
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund 9/12/2024547.18- 372 Ordinary shares
WAM Capital Limited9/12/202420,195.50- 13,730 Ordinary shares
WAM Microcap Limited9/12/202411,720.15- 7,968 Ordinary shares
WAM Research Limited9/12/20245,377.62- 3,656 Ordinary shares
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund 31/01/20251,551.88- 1,047 Ordinary shares
WAM Capital Limited31/01/202557,301.14- 38,659 Ordinary shares
WAM Research Limited31/01/202515,257.97- 10,294 Ordinary shares
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund 3/02/20251,092.27- 724 Ordinary shares
WAM Capital Limited3/02/202540,314.40- 26,722 Ordinary shares
WAM Microcap Limited3/02/202523,292.20- 15,439 Ordinary shares
WAM Research Limited3/02/202510,734.12- 7,115 Ordinary shares
Signed: _______________________
Date: 04/02/25