SPH Notice - Pinnacle Investment Management Group Limited

1
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To NZX and ASX
and
To Fisher & Paykel Healthcare Corp. Ltd
Date this disclosure made:17/03/2026
Date last disclosure made: 30/01/2026
Date on which substantial holding ceased:12/03/2026
Substantial product holder(s) giving disclosure
Full name(s): Pinnacle Investment Management Group Limited (and its
subsidiaries listed in Annexure A)
Summary of previous substantial holding
Class of quoted voting products: ordinary shares
Summary for Pinnacle Investment Management Group Limited (and its subsidiaries
listed in Annexure A – Part 1)
For last disclosure,—
(a) total number held in class: 29,649,653
(b) total in class: 587,276,425
(c) total percentage held in class: 5.0487%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 29,219,265
(b) total in class: 587,276,425
(c) total percentage held in class: 4.9754%
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure: Refer to Annexure A –
Part 1
Additional information
Address(es) of substantial product holder(s):
Name Address
Pinnacle Investment
Management Group Limited
Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Fund Services Limited Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Investment
Management Limited
Level 19, 307 Queen St, Brisbane QLD 4000, Australia

2
Ariano Pty Limited Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Next Financial Limited Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Next Financial Nominees Pty Ltd Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Next Financial Nominees No. 2
Pty Ltd
Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Investment Solutions Client
Services Pty Ltd
Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Priority Funds Management Pty
Ltd
Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Priority Investment Management
Pty Ltd
Level 19, 307 Queen St, Brisbane QLD 4000, Australia
PNI Option Plan Managers Pty
Ltd
Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Investment
Management (UK) Limited
7th Floor, Dashwood House, 69 Old Broad Street, London
EC2M 1QS, United Kingdom
Pinnacle RE Services Limited Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Services Administration
Pty Ltd
Level 19, 307 Queen St, Brisbane QLD 4000, Australia
POSH Nominees Pty Limited Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pingroup IM Limited (US) c/o TMF Group New York, LLC, 48 Wall Street, 27
th
Floor,
New York NY 10005

Contact details: Terence Kwong, Terence.kwong@pinnacleinvestment.com
*Nature of connection between substantial product holders:
Name Nature of Association
Pinnacle Investment
Management Group Limited
Related body corporate of each other entity listed.
Pinnacle Investment
Management Limited
Related body corporate of each other entity listed.
Pinnacle Fund Services Limited Related body corporate of each other entity listed.
Ariano Pty Limited Related body corporate of each other entity listed.
Next Financial Limited Related body corporate of each other entity listed.
Next Financial Nominees Pty
Ltd
Related body corporate of each other entity listed.
Next Financial Nominees No. 2
Pty Ltd
Related body corporate of each other entity listed.
Investment Solutions Client
Services Pty Ltd
Related body corporate of each other entity listed.
Priority Funds Management Pty
Ltd
Related body corporate of each other entity listed.
Priority Investment
Management Pty Ltd
Related body corporate of each other entity listed.
PNI Option Plan Managers Pty
Ltd
Related body corporate of each other entity listed.
Pinnacle RE Services Limited Related body corporate of each other entity listed.
Pinnacle Services
Administration Pty Ltd
Related body corporate of each other entity listed.
Pinnacle Investment
Management (UK) Limited
Related body corporate of each other entity listed.
POSH Nominees Pty Limited Related body corporate of each other entity listed.
Pingroup IM Limited (US)
Related body corporate of each other entity listed.

3
Certification


I, Terence Kwong, 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.

FISHER & PAYKEL HEALTHCARE CORP. LTD
Annexure A - Part 1
Legend
PIML
Pinnacle Investment Management Group Limited
Pinnacle Investment Management Limited
Ariano Pty Limited (ACN 605 250 799)
Next Financial Limited (ACN 081 722 894)
Next Financial Nominees Pty Ltd (ACN 093 252 576)
Next Financial Nominees No. 2 Pty Ltd (ACN 132 819 115)
Investment Solutions Client Services Pty Ltd (ACN 117 898 334)
Priority Funds Management Pty Ltd (ACN 120 826 575)
Priority Investment Management Pty Ltd (ACN 116 943 456
PNI Option Plan Managers Pty Ltd (ACN 125 030 766)
Pinnacle RE Services Limited (ACN 130 508 379)
Pinnacle Services Administration Pty Ltd (ACN 126 175 148)
Pinnacle Investment Management (UK) Limited (Company Number
11026111)
POSH Nominees Pty Limited (ACN 620 094 251)
Pingroup IM Limited (US) (EIN 85-0920129)
PFSL
Pinnacle Fund Services Limited (ACN 082 494 362)
PNI Acquisition
Acquisition of securities by one or more affiliated investment
managers which it or its associates holds directly or indirectly above
20% voting power in (see Annexure A – Part 2) and/or Pinnacle Fund
Services Limited, who each in turn hold relevant interests in the
securities the subject of this notice.
PNI Disposal
Disposal of securities by one or more affiliated investment managers
which it or its associates holds directly or indirectly above 20% voting
power in (see Annexure A – Part 2) and/or Pinnacle Fund Services
Limited, who each in turn hold relevant interests in the securities the
subject of this notice.
PFSL Acquisition
Acquisition of securities in its capacity as responsible entity or trustee
of registered or unregistered schemes and/or relevant interest by
virtue of section 608(3)of the Corporations Act / section 237 of the
Financial Markets Conduct Act 2013 as it or its associates holds
di
rectly or indirectly above 20% voting power in one or more affiliated
investment managers (see Annexure A – Part 2) who each in turn
hold relevant interests in the securities the subject of this notice.
PFSL Disposal
Disposal of securities in its capacity as responsible entity or trustee of
registered or unregistered schemes and/or relevant interest by virtue
of section 608(3)of the Corporations Act / section 237 of the Financial
Markets Conduct Act 2013 as it or its associates holds directly or
indirectly above 20% voting power in one or more affiliated
investment managers (see Annexure A – Part 2) who each in turn
hold relevant
interests in the securities the subject of this notice.

Date of Change
Person whose relevant interest changed
Nature of change
Consideration given in
relation to change (NZD)
Number of
securities
affected
Person's votes
affected
Class of securities
2026-01-28
Pinnacle Group Entities & PFSLAcquisition
7,706,058.64$ 200,000
200,000
Ordinary Fully Paid
2026-01-29
Pinnacle Group Entities & PFSLAcquisition
12,291,696.48$ 318,817 318,817
Ordinary Fully Paid
2026-01-30
Pinnacle Group Entities & PFSLAcquisition
6,129,452.10$
157,685 157,685
Ordinary Fully Paid
2026-02-02
Pinnacle Group Entities & PFSL
Acquisition
6,138,969.67$
157,500 157,500
Ordinary Fully Paid
2026-02-02
Pinnacle Group Entities & PFSL
Disposal
177,044.70-$ 4,559- 4,559-
Ordinary Fully Paid
2026-02-03
Pinnacle Group Entities & PFSLAcquisition
19,882,059.98$
501,833 501,833
Ordinary Fully Paid
2026-02-04
Pinnacle Group Entities & PFSL
Acquisition
3,981,734.75$ 99,644 99,644
Ordinary Fully Paid
2026-02-04
Pinnacle Group Entities & PFSLDisposal
3,046,877.74-$
76,475- 76,475-
Ordinary Fully Paid
2026-02-05
Pinnacle Group Entities & PFSL
Acquisition
17,433,475.22$ 442,197 442,197
Ordinary Fully Paid
2026-02-05
Pinnacle Group Entities & PFSLDisposal
1,328,826.15-$ 33,612- 33,612-
Ordinary Fully Paid
2026-02-06
Pinnacle Group Entities & PFSLAcquisition
108,329.79$ 2,831 2,831
Ordinary Fully Paid
2026-02-06
Pinnacle Group Entities & PFSLDisposal
2,713,334.84-$ 71,018- 71,018-
Ordinary Fully Paid
2026-02-09
Pinnacle Group Entities & PFSLDisposal
527,896.61-$ 13,464- 13,464-
Ordinary Fully Paid
2026-02-12
Pinnacle Group Entities & PFSLDisposal
781,273.95-$ 20,000- 20,000-
Ordinary Fully Paid
2026-02-13
Pinnacle Group Entities & PFSLDisposal
7,121,094.39-$ 190,929- 190,929-
Ordinary Fully Paid
2026-02-16
Pinnacle Group Entities & PFSLDisposal
1,957,118.06-$ 53,559-
53,559-
Ordinary Fully Paid
2026-02-17
Pinnacle Group Entities & PFSLDisposal
1,525,553.33-$ 42,540-
42,540-
Ordinary Fully Paid
2026-02-18
Pinnacle Group Entities & PFSLAcquisition
9,747,280.37$ 265,861
265,861
Ordinary Fully Paid
2026-02-18
Pinnacle Group Entities & PFSLDisposal
586,324.08-$ 16,072-
16,072-
Ordinary Fully Paid
2026-02-19
Pinnacle Group Entities & PFSLAcquisition
2,337,268.74$ 62,479
62,479
Ordinary Fully Paid
2026-02-20
Pinnacle Group Entities & PFSLAcquisition
2,437,256.11$ 65,067
65,067
Ordinary Fully Paid
2026-02-23
Pinnacle Group Entities & PFSLAcquisition
975,794.18$ 25,000
25,000
Ordinary Fully Paid
2026-02-23
Pinnacle Group Entities & PFSLDisposal
17,528,453.64-$ 450,000-
450,000-
Ordinary Fully Paid
2026-02-24
Pinnacle Group Entities & PFSLAcquisition
819,821.74$ 20,742
20,742
Ordinary Fully Paid
2026-02-24
Pinnacle Group Entities & PFSLDisposal
11,836,318.01-$ 298,978- 298,978-
Ordinary Fully Paid
2026-02-25
Pinnacle Group Entities & PFSLAcquisition
8,549,137.85$ 214,282 214,282
Ordinary Fully Paid
2026-02-25
Pinnacle Group Entities & PFSLDisposal
3,058,697.61-$ 76,663- 76,663-
Ordinary Fully Paid
2026-02-26
Pinnacle Group Entities & PFSLAcquisition
2,754,481.69$ 67,224 67,224
Ordinary Fully Paid
2026-02-26
Pinnacle Group Entities & PFSLDisposal
162,356.86-$ 3,969- 3,969-
Ordinary Fully Paid
2026-02-27
Pinnacle Group Entities & PFSLAcquisition
3,275,202.42$ 80,074 80,074
Ordinary Fully Paid
2026-03-02
Pinnacle Group Entities & PFSLAcquisition
2,536,029.66$ 61,368 61,368
Ordinary Fully Paid
2026-03-03
Pinnacle Group Entities & PFSLAcquisition
1,296,657.40$ 31,675 31,675
Ordinary Fully Paid
2026-03-03
Pinnacle Group Entities & PFSLDisposal - In-specie
transfer out
19,346,303.22-$ 473,393- 473,393-
Ordinary Fully Paid
2026-03-04
Pinnacle Group Entities & PFSLAcquisition
1,364,239.55$ 33,306 33,306
Ordinary Fully Paid
2026-03-04
Pinnacle Group Entities & PFSLDisposal
5,182,469.46-$ 127,047- 127,047-
Ordinary Fully Paid
2026-03-04
Pinnacle Group Entities & PFSLDisposal - In-specie
transfer out
44,769,679.88-$ 1,097,518- 1,097,518-
Ordinary Fully Paid
2026-03-05
Pinnacle Group Entities & PFSLAcquisition
2,024,911.73$ 49,749 49,749
Ordinary Fully Paid
2026-03-05
Pinnacle Group Entities & PFSLDisposal
1,231,345.30-$ 30,251- 30,251-
Ordinary Fully Paid
2026-03-06
Pinnacle Group Entities & PFSLAcquisition
578,721.10$ 14,500 14,500
Ordinary Fully Paid

2026-03-09
Pinnacle Group Entities & PFSLDisposal
1,538,723.44-$ 40,435-
40,435-
Ordinary Fully Paid
2026-03-10
Pinnacle Group Entities & PFSLAcquisition
713,009.35$
18,696 18,696
Ordinary Fully Paid
2026-03-11
Pinnacle Group Entities & PFSLAcquisition
495,357.30$ 12,749
12,749
Ordinary Fully Paid
2026-03-12
Pinnacle Group Entities & PFSL
Acquisition
765,170.07$ 19,692
19,692
Ordinary Fully Paid
2026-03-12
Pinnacle Group Entities & PFSLDisposal
9,030,296.12-$ 232,877- 232,877-
Ordinary Fully Paid
Terence Kwong
Company Secretary
Date: 17/03/2026

FISHER & PAYKEL HEALTHCARE CORP. LTD
Annexure A - Part 2
Affiliated Investment Managers in which Pinnacle has over 20% voting power
Aikya Investment Management Limited (UK) (Company Number 12329682)
Antipodes Partners Limited (ACN 602 042 035)
Coolabah Capital Investments Pty Limited (ACN 605 806 059)
Five V Capital Pty Limited (ACN 162 193 928)
Hyperion Asset Management Limited (ACN 080 135 897)
Langdon Equity Partners Limited (CA) (NRD 73210)
Life Cycle Investment Partners Limited (UK) (Company Number 15633723)
Metrics Credit Partners Pty Limited (ACN 150 646 996)
Palisade Investment Partners Limited (ACN 124 326 361)
Plato Investment Management Limited (ACN 120 730 136)
Resolution Capital Limited (ACN 108 584 167)
Solaris Investment Management Limited (ACN 128 512 621)
Riparian Capital Partners Pty Ltd (ACN 630 179 752)
Terence Kwong
Company Secretary
Date: 17/03/2026