SPH Notice - FirstCape Group Limited

100080615/3821107.1 1
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To NZX Limited
and
To The A2 Milk Company Limited (ATM)
Date this disclosure made: 11 April 2025
Date last disclosure made: 28 March 2025
Date on which substantial
holding ceased:
10 April 2025


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 last disclosure
(a) total number held in class: 36,223,574
(b) total in class: 724,019,118
(c) total percentage held in class: 5.003%
For current holding
after ceasing to
have a substantial
holding
(a) total number held in class: 36,060,830
(b) total in class: 724,019,118
(c) total percentage held in class: 4.981%

100080615/3821107.1 2

Details of Relevant Interests:

Nature of relevant interest(s):
Relevant interest in Shares that its wholly-owned subsidiary
Harbour Asset Management Limited (Harbour) has a relevant
interest in. Harbour 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, including
BNZ Investments Services Limited (see below). FirstCape
Group Limited has those powers and controls indirectly, as the
ultimate owner of Harbour.
Number held in class:
30,947,451
Percentage held in class:
4.274%
Current registered holder of
financial products:
For on market purchases: Unknown
For on market sales: Various nominees or custodians for and
on behalf of Harbour Asset Management Limited
Registered holder of financial
products once transfer is
registered:
For on market purchases: Various nominees or custodians for
and on behalf of Harbour Asset Management Limited
For on market sales: Unknown

Nature of relevant interest(s):
Relevant interest in Shares that its wholly-owned subsidiary
BNZ Investments Services Limited (BNZIL) has a relevant
interest in. BNZIL has a beneficial ownership interest in these
shares, which are managed by Harbour under an investment
management agreement, so are also included in Harbour’s
interest referred to above.
Number held in class:
8,804,112
Percentage held in class:
1.216%
Current registered holder of
financial products:
For on market purchases: Unknown
For on market sales: Various nominees or custodians for and
on behalf of Harbour Asset Management Limited
Registered holder of financial
products once transfer is
registered:
For on market purchases: Various nominees or custodians for
and on behalf of Harbour Asset Management Limited
For on market sales: Unknown

100080615/3821107.1 3
Nature of relevant interest(s):
Relevant interest in Shares that its wholly-owned
subsidiary JBWere (NZ) Pty Limited has a relevant interest
in. JBWere (NZ) Pty 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 JBWere (NZ) Pty Limited.
Number held in class:
3,880,482
Percentage held in class:
0.536%
Current registered holder of
financial products:
For on-market purchases: Unknown
For on-market sales: JBWere (NZ) Nominees Limited
Registered holder of financial
products once transfer is
registered:
For on-market purchases: JBWere (NZ) Nominees Limited
For on-market sales: Unknown



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:
1,232,897
Percentage held in class:
0.170%
Current registered holder of
financial products:
For on-market purchases: Unknown
For on-market sales: FNZ Custodians Limited
Registered holder of financial
products once transfer is
registered:
For on-market purchases: FNZ Custodians Limited
For on-market sales: Unknown

100080615/3821107.1 4
Details of transactions and events giving rise to substantial holding:
The transactions/events giving rise to this disclosure obligation are on-market buy and sell
trades and off market transfers into DIMS, by FirstCape Group Limited since 28/03/2025
until 10/04/2025, as summarised in the table below.

Details for: Harbour
(including BNZ
Investment
Services Limited)
BNZ Investment
Services Limited
(included in
Harbour’s
figures)
JBWere
(NZ)
Nominees
Limited
Jarden
Wealth
Limited
On-market
purchases –
number of
shares
639,029 33,000
5,080
1,170
On-market
purchases –
gross
consideration
$5,596,767.69 $281,083.50 $44,946.18 $9,980.10
On-market
sales –
number of
shares
796,280 69,680.00 6,073 6,470
On-market
sales – gross
consideration
$7,069,423.69 $ 615,438.94 $54,115.06 $55,050.06
Net shares
transferred
into DIMS
service
N/A N/A N/A 800



Additional information
Address of substantial product
holder:
Level 21, 171 Featherston Street, Wellington
Contact details:
Madeleine Pumphrey
M +64 27 376 8309
Madeleine.pumphrey@jbwere.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: None.
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.