SPH Notice - Milford Asset Management Limited

100080615/3821102.1
1
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 New Zealand Stock Exchange
and
To Vista Group Limited
Relevant event being disclosed: Change of nature in relevant interest
Date this disclosure made: 27/11/2025
Date on which substantial holding began: 26/11/2025
Date last disclosure made: 05/09/2025
Substantial product holder(s) giving disclosure
Full name(s): Milford Asset Management Limited
Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Milford Asset Management Limited
For this disclosure,—
(a)total number held in class: 21,626,449
(b)total in class: 238,834,000
(c)total percentage held in class: 9.055%
Details of relevant interests:
Account Custodian Units %
Milford Trans-Tasman Equity Screened Wholesale Fund Custodian – HSBC
219,065.00
0.0917%
Milford Dynamic Small Companies Fund Custodian – HSBC
1,062,413.00
0.4448%
Milford Australian Abs Growth W/S Fund Custodian – HSBC
640,000.00
0.2680%
Milford Aus Absolute Growth Fund AUT Custodian – HSBC
577,634.00
0.2419%
Milford Trans Tasman Equity Fund Custodian – HSBC
26,853.00
0.0112%
Milford Dynamic Wholesale Fund Custodian – HSBC
5,562,850.00
2.3292%
Milford NZ Equities Wholesale Fund Custodian – HSBC
13,537,631.00
5.6682%
For last disclosure,—
(a)total number held in class: 17,783,824

100080615/3821102.1
2
(b) total in class: 238,834,381
(c) total percentage held in class: 7.4461%
Details of relevant interests:
Account Custodian Units %
Milford Trans-Tasman Equity Screened Wholesale Fund Custodian – HSBC
165,791 0.0694%
Milford Dynamic Small Companies Fund
Custodian – HSBC
498,771 0.2088%
Milford Australian Abs Growth W/S Fund
Custodian – HSBC
640,000 0.2680%
Milford Aus Absolute Growth Fund AUT
Custodian – HSBC
693,333 0.2903%
Milford Australian Equities Wholesale
Custodian – HSBC
1,333,333 0.5583%
Milford Dynamic Wholesale Fund Custodian – HSBC
3,501,229 1.4660%
Milford NZ Equities Wholesale Fund Custodian – HSBC
10,951,367 4.5853%

Details of transactions and events giving rise to substantial holding
On market purchases totalling 2,688,512 units for total consideration of
NZD$7,119,733.22; with AUD purchases of 2,625,263 units for total consideration of AUD$
6,166,252.79.
On market sells of NZD 22,121 units for total consideration of NZD$56,231.581; AUD sells
of 1,449,032 units for total consideration of AUD$ 3,463,937.42.
Additional information
Address(es) of substantial product holder(s): Level 12, 50 Albert Street, Auckland,
1010, New Zealand

Contact details: Zachary Kenworthy – Team Leader, Operations.
trades@milfordasset.com, +64 9 921 4853

Certification
I, Zachary Kenworthy, 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.