SPH Notice - Milford Asset Management Ltd

100080615/3821102.1
1
Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To the New Zealand Stock Exchange
and
To Freightways Group Ltd
Date this disclosure made: 01/12/2025
Date on which substantial holding began: 28/11/2025
Substantial product holder(s) giving disclosure
Full name(s): Milford Asset Management Ltd
Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Milford Asset Management Ltd
For this disclosure,—
(a) total number held in class: 9,054,603
(b) total in class: 178,886,000
(c) total percentage held in class: 5.0617%

Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure:
On market purchases totalling 760,547 units for total consideration of $9,803,720.93 NZD.
On market sells totalling 139,463 units for total consideration of $1,841,698.36 NZD.
Additional information
Address(es) of substantial product holder(s): Level 12, 50 Albert Street, Auckland
Central, New Zealand 1010.
Contact details: Zachary Kenworthy, Team Leader – Operations. +64 9 921 4853
trades@milfordasset.com
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.
Account
Type of Shares
Qty/Par
%
Custodian
Milford Dynamic Small Companies Fund
Fully Paid Ordinary Shares
303,344.00
0.1696%
HSBC (NZ)
Milford Active Growth Wholesale Fund
Fully Paid Ordinary Shares
5,742,820.00
3.2103%
HSBC (NZ)
Milford NZ Equities Wholesale Fund
Fully Paid Ordinary Shares
2,956,851.00
1.6529%
HSBC (NZ)
Milford Trans Tasman Equity Screened Wholesale Fund
Fully Paid Ordinary Shares
51,588.00
0.0288%
HSBC (NZ)