SPH Notice - Generate Investment Management Limited

Disclosure of ceasing to have a substantial holding
Section 279, Financial Markets Conduct Act 2013

To NZX Limited
and
To Stride Property & Stride Investment Management Limited (NS)
Date this disclosure made: 30 April 2025
Date last disclosure made: 23 October 2024
Date on which substantial holding ceased: 28 April 2025
Substantial product holder(s) giving disclosure
Full name(s): Generate Investment Management Limited
Summary of ceasing to have a substantial holding
Class of quoted voting products: Stapled Security Shares
Summary for Generate Investment Management Limited of previous substantial holding
For last disclosure -
a) total number held in class: 28,110,767
b) total in class: 559,038,938
c) total percentage held in class: 5.028%
For current holding after ceasing to have substantial holding,—
a) total number held in class: 26,736,305
b) total in class: 559,464,036
c) total percentage held in class: 4.779%
Details of relevant interests
Details for Generate Investment Management Limited
Nature of relevant interest(s):
Generate Investment Management Limited has the power to acquire or dispose of the shares as
manager under the trust deeds for the Generate KiwiSaver Scheme and the Generate Unit Trust
Scheme. No relevant agreement document is required to be attached as the investment
management contract exemption under regulation 142 applies.
For that relevant interest,—
a) number held in class: 26,736,305
b) percentage held in class: 4.779%
c) current registered holder(s): Generate KiwiSaver Public Trust Nominee Limited
d) registered holder(s) once transfers are registered: Generate KiwiSaver Public Trust
Nominee Limited
For a derivative relevant interest, also—
a) type of derivative: Not applicable
b) details of derivative: Not applicable

c) parties to the derivative: Not applicable
d) if the substantial product holder is not a party to the derivative, the nature of the relevant
interest in the derivative: Not applicable
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure in the period 22 October 2024 to 28
April 2025 :
Nature of Event Number of Shares Consideration
On Market purchases 534,788 $711,131
On Market sales 1,909,250 $2,106,371

Additional information
Address of substantial product holder: Generate, Floor 9, 21 Queen Street, Auckland Central,
Auckland, 1010, New Zealand
Contact details: Nicholas Kynoch, nick.kynoch@generatekiwisaver.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: Not applicable.
Certification
I, Nicholas Kynoch, 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.