SPH Notice - Milford Asset Management Ltd

100080615/3821107.1 1
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To the New Zealand Stock Exchange
and
To Freightways Group Ltd
Date this disclosure made:26/03/2026
Date last disclosure made: 01/12/2025
Date on which substantial holding ceased: 25/03/2026
Substantial product holder(s) giving disclosure
Full name(s): Milford Asset Management Ltd
Summary of previous substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Milford Asset Management Ltd:
For last 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%

For current holding after ceasing to have substantial holding,—
(a) total number held in class: 8,888,885
(b) total in class: 178,994,863
(c) total percentage held in class: 4.9660%

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)

100080615/3821107.1 2
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure: on market sells of 753,307
units for total consideration of $ 9,900,642 NZD. On market purchases totalling 587,589
units for total consideration of $8,318,982 NZD.
Additional information
Address(es) of substantial product holder(s): Level 12, 50 Albert Street, Auckland, NZ.
Contact details:
Zue Vui
Operations Associate
Trades@milfordasset.com
+64 9 921 4704

Certification
I, Zue Vui, 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.