SPH Notice - Harbour Asset Management 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
Precinct Properties NZ and Precinct Properties
Investments Limited (PCT)
Relevant event being disclosed:
Disclosure of movement of 1% or more in
substantial holding
Date of relevant event: 28 January 2026
Date this disclosure made: 29 January 2026
Date last disclosure made: 17 October 2025

Substantial product holder(s) giving disclosure
Full name(s): Harbour Asset Management Limited


Summary of substantial holding:
Class of quoted voting products:
Ordinary Shares (Shares)
Summary for: Harbour Asset Management Limited
For this
disclosure -
(a) total number held in class: 111,124,126
(b) total in class: 1,852,849,352
(c) total percentage held in class: 5.998%
For last
disclosure -
(a) total number held in class: 127,410,688
(b) total in class: 1,819,646,065
(c) total percentage held in class: 7.002%

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 and off
market transfers by Harbour Asset Management Limited since the previous disclosure on 17 October 2025 as
summarised in the table below.

Details after relevant event:
Details for: Harbour Asset Management Limited BNZ Investment Services 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.
On-market purchases –
Number of Shares
2,245,638 742,784
On-market purchases –
Gross Consideration
$2,734,072.47 $910,709.03
On-market sales –
Number of Shares
18,532,200 3,920,544
On-market sales –
Gross Consideration
$22,115,560.76 $4,652,626.58
Net transfers into DIMS N/A N/A
Details for: Harbour BNZIL
Number held in class after
the relevant event:
111,124,126 36,507,843
Percentage held in class:
5.998% 1.970%
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
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

Additional information:

Address(es) of substantial
product holder(s):
Level 21, 171 Featherston Street, Wellington
Contact details:
Conor Moynihan
M +64 27 238 9851
Conor.Moynihan@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, Conor Moynihan, 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.