SPH Notice - Forsyth Barr Group Limited (FBGL)

1


Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To: NZX Limited
and
To: Sanford Limited
Date this disclosure made: 10 June 2026
Date last disclosure made: 4 June 2026
Date on which substantial holding ceased: 9 June 2026
Substantial product holder(s) giving disclosure:
Full name(s) Forsyth Barr Group Limited (FBGL)
and
Forsyth Barr Investment Management Limited
(FBIM), a wholly owned subsidiary of FBGL
and
Forsyth Barr Limited (FBL), a wholly owned
subsidiary of FBGL
Summary of previous substantial holding
Class of quoted voting products: Sanford Limited Ordinary Shares
Summary for FBIM
For last disclosure,—
(a) total number held in class: 11,585,317
(b) total in class: 93,506,137
(c) total percentage held in class:

12.39%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 4,232,591
(b) total in class: 93,506,137
(c) total percentage held in class:

4.53%

2

Details of transactions and events giving rise to ceasing of substantial holding
On 3 June 2026, FBGL entered into a block trade agreement (Agreement) with Ngāi Tahu
Investments Limited (NTIL) under which NTIL appointed FBGL to arrange, manage and underwrite
the disposal of 8,969,621 ordinary shares in Sanford Limited (Sale Shares) for a sale price of
NZ$7.15 per share. As underwriter, FBGL acquired a relevant interest in the Sale Shares.
Settlement of the sale of the Sale Shares occurred on 9 June 2026.

Date of event Nature of event Consideration Number of financial
products
4 June 2026 – 9
June 2026
On-market purchases $11,560,799 1,616,895
(Forsyth Barr Custodians
Limited 1,496,895/Adminis
Custodial Nominees Limited
120,000)
On-market sales Nil Nil
Off-market transfers into DIMS Nil Nil
Off-market transfers out of DIMS Nil
Nil

Completion of Block Trade
Underwrite (cessation of relevant
interest)
n/a

8,969,621




Additional information


Address(es) of substantial product holder(s): Forsyth Barr House, The Octagon, Dunedin
Contact details: Maria Reyes Malqui
T: 04 495 8208
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, Maria Reyes Malqui, 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.