SPH Notice - Salt Funds Management Limited

100080615/3821102.1
1
Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
Note: This form must be completed in accordance with the instructions at the end of the
form.
To NZX Limited
and
To Argosy Property Limited - ARG
Date this disclosure made:17/08/2026
Date on which substantial holding began:13/08/2026
Substantial product holder(s) giving disclosure

Full name(s): Salt Funds Management Limited, Pathfinder Asset Management Limited,
HELM Wealth Advisory Limited and Octagon Asset Management Limited
Summary of substantial holding
Class of quoted voting products: Argosy Property Limited Ordinary Shares
Summary for Salt Funds Management Limited
For this disclosure,
(a) total number held in class: 45,334,371
(b) total in class: 873,970,395
(c) total percentage held in class: 5.187%
Details of relevant interests

Details for Salt Funds Management Limited
Nature of relevant interest(s): Investment Manager
For that relevant interest,
(a) number held in class: 45,334,371
(b) percentage held in class: 5.187%
(c) current registered holder(s):
(d) registered holder(s) once transfers are registered: See Annexure 1

100080615/3821102.1
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Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure:
Transaction Type Period Shares/Units Consideration
On-market Purchases
25.05.2026 –
13.08.2026
8,364,015 -$8,644,026.70
In-market Sales
12.05.2026 –
23.07.2026
-683,922 $734,797.75
Total: 7,680,093 -$7,909,228.95

Additional information
Address of substantial product holder: Level 37, PWC Tower 15 Customs Street West,
Auckland 1050
Contact details:
Claire MacRae, Telephone +64 9 967 7276, Email: Claire.macrae@saltfunds.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, Claire MacRae 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.

100080615/3821102.1
3


ANNEXURE 1
SUBSTANTIAL SECURITY HOLDER NOTICE FROM SALT FUNDS MANAGEMENT LTD
DATED 17 August 2026
Name of type of shares Argosy Property Limited Ordinary Shares
Percentage held 5.187%

Registered holder:
Guardian Nominees No.2 Ltd (as custodian for
BT Funds Management (NZ) Ltd)
Holding: 31,383,612 (3.591%)
Registered holder:
Apex Investment Administration (NZ) Limited
(as custodian for Salt Investment Funds Ltd)
Holding: 6,630,922 (0.759%)
Registered holder:
BNP Paribas Nominees Pty Ltd (as sub-custodian
for the Pathfinder Managed Investment Scheme
and Pathfinder KiwiSaver Plan)
Holding: 550,063 (0.063%)
Registered holder:
NZXWT Nominee Limited (as custodian for the
Helm DIMS and Execution Only service provider)
Holding: 9,589 (0.001%)
Registered holder:
BNP Paribas Nominees (NZ) Limited (as sub-
custodian for the Octagon Investment Funds
scheme
Holding: 6,760,185 (0.77%)