SPH Notice - Forsyth Barr Investment Management Ltd (FBIM)

1

Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To: NZX Limited
and
To: Channel Infrastructure NZ Limited
Date this disclosure made: 29 January 2026
Date last disclosure made: 15 January 2026
Date on which substantial holding ceased: 28 January 2026
Substantial product holder(s) giving disclosure:
Full name(s) Forsyth Barr Investment Management Limited
(FBIM)
Summary of previous substantial holding
Class of quoted voting products: Ordinary Shares
Summary for FBIM
For last disclosure,—
(a) total number held in class: 21,119,530
(b) total in class: 412,198,231
(c) total percentage held in class:

5.124%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 20,153,167
(b) total in class: 412,198,231
(c) total percentage held in class:

4.889 %
Details of transactions and events giving rise to ceasing of substantial holding
Date of event Nature of event Consideration Number of financial products



13 January 2026 to
28 January 2026
On-market sales $3,248,203
1,126,927
On-market
purchases
$379,086
131,454
Off-market
transfers into
DIMS
Nil 29,110
Off-market
transfers out of
DIMS
Nil
Nil

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Additional information
Address(es) of substantial product holder(s): Forsyth Barr House, The Octagon, Dunedin
Contact details: Jeremiah Craig
T: 09 918 9232
E: compliance@forsythbarr.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:
Not applicable
Certification
I, Jeremiah Craig, 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.