SPH Notice - Westpac Banking Corporation

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
Date this disclosure made: 21/05/2025
Date on which substantial holding began: 16/05/2025
Substantial product holder(s) giving disclosure
Full name(s): Westpac Banking Corporation (including the related bodies corporate specified
in the Annexure)
Summary of substantial holding
Class of quoted voting products: New Zealand Rural Land Company Limited (NS) Ordinary Shares
Summary for Westpac Banking Corporation (including the related bodies corporate specified
in the Annexure)
For this disclosure:
(a) total number held in class: 7,320,199
(b) total in class: 145,024,724
(c) total percentage held in class: 5.05%
Details of relevant interests
Details for Westpac Banking Corporation (including the related bodies corporate specified in
the Annexure)
Nature of relevant interest(s): Relevant interest by virtue of the entities specified in the
Annexure (being related bodies corporate of Westpac Banking Corporation) acquiring New
Zealand Rural Land Company Limited shares on behalf of funds managed by the related
bodies corporate, or in respect of which the related bodies corporate act as responsible
entity.
For that relevant interest:
(a) number held in class: 7,320,199
(b) percentage held in class: 5.05%
(c) current registered holder(s): Refer Annexure
(d) registered holder(s) once transfers are registered: Refer Annexure

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: Refer Annexure
Additional information
Address(es) of substantial product holder(s):
Westpac Banking Corporation, Level 18, Westpac Place, 275 Kent Street, Sydney, NSW
2000, Australia
BT Funds Management (NZ) Limited, 16 Takutai Square, Auckland 1010, New Zealand
Westpac Wholesale Property Trust, C/O The New Zealand Guardian Trust Company Limited,
Auckland, 1010, NZ

Contact details:
Tim Hartin
Company Secretary
Phone: +61 (2) 9155 7713

Nature of connection between substantial product holders: The entities specified in the
Annexure are related bodies corporate of Westpac Banking Corporation.
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
Disclosure has effect for purposes of directors’ and senior managers’ disclosure: Not Applicable

Certification
I, Tim Hartin, 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.

ANNEXURE 1
BEGINNING DISCLOSURE IN SUBSTANTIAL HOLDING FROM
Westpac Banking Corporation and related bodies corporate
DATED 21/05/2025
Name of type of shares New Zealand Rural Land Company Limited
Ordinary Shares
Percentage held 5.05%

Relevant related body corporate:
Westpac Banking Corporation
Various unit trusts managed by BT Funds
Management (NZ) Limited
Registered holder 1: Westpac Wholesale Property Trust
Holding 1: 7,320,199
Dates: Beginning to have substantial holding on
16/05/2025
Transaction type Period Shares Consideration
On-market purchase 16/01/2025-
16/05/2025
3,221,748 $2,900,563.90

On-market sale 16/01/2025-
16/05/2025
0 $0