SPH Notice - FirstCape Group Limited

041898866/4160982.2
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 Scales Corporation Limited (SCL)
Relevant event being disclosed:
Disclosure of movement of 1% or more in
substantial holding
Date of relevant event: 19 May 2026
Date this disclosure made: 20 May 2026
Date last disclosure made: 17 September 2025

Substantial product holder(s) giving disclosure
Full name(s): FirstCape Group Limited




Summary of substantial holding: FirstCape Group Limited
Class of quoted voting products:
Ordinary Shares (Shares)
Summary for: FirstCape Group Limited
For this
disclosure -
(a) total number held in class: 21,952,628
(b) total in class: 145,496,010
(c) total percentage held in class: 15.087%
For last
disclosure -
(a) total number held in class: 23,254,453
(b) total in class: 144,033,226
(c) total percentage held in class: 16.145%

041898866/4160982.2
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, off-market custodial transfer of securities out following cessation of
client relationship, and off market transfers into DIMS by FirstCape Group Limited since the previous relevant event on 17 September 2025, as summarised in the table
below.
Details for:
Harbour Asset Management
Limited
BNZ Investment Services
Limited
JBWere (NZ) Limited Consilium 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.
Relevant interest in Shares that
its wholly-owned subsidiary
JBWere (NZ) Limited has a
relevant interest in. JBWere (NZ)
Limited 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 the
terms of investment
management agreements with
clients (who are the beneficial
owners of the Shares). FirstCape
has those powers and controls
indirectly, as the ultimate owner
of JBWere (NZ) Limited.
Relevant interest in Shares that its
wholly-owned subsidiary Consilium
Limited (Consilium) has a relevant
interest in. Consilium has the
power to exercise (or control the
exercise of) rights to vote attached
to Shares under the terms of
investment management
agreements with clients (who are
the beneficial owners of the
Shares). FirstCape has those
powers and controls indirectly, as
the ultimate owner of Consilium.
On-market purchases –
Number of Shares
1,554,098 640,156 820,291 1,608
On-market purchases –
Gross Consideration
$9,109,555.85 $3,650,342.91 $4,923,771.68 $9,904.09
On-market sales –
Number of Shares
2,606,408
644,077
975,847 N/A
On-market sales –
Gross Consideration
$15,596,557.56 $3,866,952.73 $5,822,344.05 N/A
Net transfer into
DIMS
N/A N/A 132,362 N/A
Net Custodial transfer
out
227,929 N/A N/A N/A

041898866/4160982.2


Details after relevant event:
Details for: Harbour BNZIL JBWere (NZ) Limited Consilium
Number held in class
after the relevant
event:
15,237,607 3,776,036 6,713,413 1,608
Percentage held in
class:
10.473% 2.595% 4.614% 0.001%
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
For on-market purchases:
Unknown
For on-market sales: JBWere
(NZ) Nominees Limited & FNZ
Custodians Limited
For on-market purchases: Unknown

For on-market sales: FNZ
Custodians 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
For on-market purchases:
JBWere (NZ) Nominees Limited &
FNZ Custodians Limited
For on-market sales: Unknown
For on-market purchases: FNZ
Custodians Limited

For on-market sales: Unknown

041898866/4160982.2

Additional information:

Address(es) of substantial
product holder(s):
Level 21, 171 Featherston Street, Wellington
Contact details:
Conor Moynihan
T +04 474 4400
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.