SPH Notice - FirstCape Group Limited

100080615/3821107.1 1
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To NZX Limited
and
To Channel Infrastructure NZ Limited (CHI)
Date this disclosure made: 12 December 2025
Date last disclosure made: 01 May 2024
Date on which substantial
holding ceased:
11 December 2025

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
For last disclosure
(a) total number held in class: 21,722,041
(b) total in class: 378,756,041
(c) total percentage held in class:
5.735%
For current holding
after ceasing to
have a substantial
holding
(a) total number held in class: 20,606,458
(b) total in class: 412,198,231
(c) total percentage held in class: 4.999%

100080615/3821107.1 2
Details of transactions and events giving rise to substantial holding:
The transactions/events giving rise to this disclosure obligation are on-market buy and sell
trades and shares transferred out of DIMS, by FirstCape Group Limited from 01/05/2024
until 11/12/2025, as summarised in the table below.

Details for: Harbour (including BNZ
Investment Services
Limited)
BNZ Investment
Services Limited
(included in
Harbour’s figures)
JBWere (NZ)
Limited
On-market
purchases –
number of shares
15,323,534 6,650,219
3,439,378
On-market
purchases –
gross
consideration
$28,330,420.97 $12,465,953.55 $6,001,591.52
On-market
sales – number
of shares
12,747,823 4,798,975
7,000,437
On-market sales –
gross
consideration
$26,166,952.27 $10,626,509.35
$14,247,083.32

Net transfers out
of DIMS

N/A N/A -130,235



Additional information
Address of substantial product
holder:
Level 21, 171 Featherston Street, Wellington
Contact details:
Madeleine Pumphrey
T + 04 474 4400
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.