SPH Notice - FirstCape Group Limited

Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both
Sections 277 and 278, Financial Markets Conduct Act 2013
To NZX Limited
and
To Freightways Group Limited (FRW)
Relevant event being disclosed:
Disclosure of movement of 1% or more in
substantial holding
Date of relevant event: 03 September 2025
Date this disclosure made: 04 September 2025
Date last disclosure made: 23 October 2024

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 (FirstCape)
For this
disclosure -
(a) total number held in class: 14,161,093
(b) total in class: 178,885,673
(c) total percentage held in class: 7.916%
For last
disclosure -
(a) total number held in class: 15,955,190
(b) total in class: 178,746,356
(c) total percentage held in class: 8.926%

Details of transactions and events giving rise to relevant event:
The transactions/events giving rise to this disclosure obligation are on-market buy and sell trades since the previous disclosure on 23 October 2024,
as summarised in the table below.

Details for: Harbour Asset Management Limited BNZ Investment Services Limited JBWere (NZ) Limited
Nature of relevant
interest(s):
Relevant interest in Shares that
FirstCape 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 Limited (see right).
FirstCape has those powers and
controls indirectly, as the ultimate
owner of Harbour.
Relevant interest in Shares that its
wholly-owned subsidiary BNZ
Investment 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 the
left.
Relevant interest in Shares that its wholly-
owned subsidiary JBWere (NZ) Limited has a
relevant interest in. JBWere (NZ) 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
has those powers and controls indirectly, as
the ultimate owner of JBWere (NZ) Limited.

On-market purchases
– Number of Shares
1,288,012 346,228 460,649
On-market purchases
– Gross Consideration
$13,916,499.97 $3,814,982.55 $4,926,579.89
On-market sales –
Number of Shares
2,356,769 509,399 1,362,883
On-market sales –
Gross Consideration
$25,552,713.61 $5,464,459.39 $14,878,161.40
Net transfers into
DIMS
N/A N/A 176,894

Details after relevant event:
Details for: Harbour BNZIL JBWere (NZ) Limited

Number held in class
after the relevant
event:
8,482,556 2,870,316 5,678,537
Percentage held in
class:
4.742% 1.605% 3.174%
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
For on market purchases: Unknown
For on market sales: Various
nominees or custodians for and on
behalf of Harbour Asset
Management Limited
For on-market purchases: Unknown
For on-market sales: JBWere (NZ)
Nominees Limited & FNZ Custodians 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
For on market purchases: Various
nominees or custodians for and on
behalf of Harbour Asset
Management Limited
For on market sales: Unknown
For on-market purchases: JBWere (NZ)
Nominees Limited & FNZ Custodians Limited
For on-market sales: Unknown

Additional information:

Address(es) of substantial
product holder(s):
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.