SPH Notice - FirstCape Group Ltd & Harbour Asset Management

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 AoFrio Limited (AOF)
Relevant event being disclosed:
Disclosure of movement of 1% or more in
substantial holding
Date of relevant event: 27 August 2026
Date this disclosure made: 28 August 2026
Date last disclosure made: 05 June 2026 (Amended 11/06/2026)

Substantial product holder(s) giving disclosure
Full name(s):
FirstCape Group Limited
&
Harbour Asset Management Limited

Summary of substantial holding:

Class of quoted voting products:
Ordinary Shares (Shares)
Summary for: FirstCape Group Limited
& Harbour Asset Management Limited
For this
disclosure -
(a) total number held in class: 35,099,498
(b) total in class: 562,618,821
(c) total percentage held in class: 6.239%
For last
disclosure -
(a) total number held in class: 36,191,735
(b) total in class: 499,366,848
(c) total percentage held in class: 7.248%

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 by Harbour Asset Management Limited since the 05 June 2026, as summarised in the
table below.

Details for: Harbour Asset Management Limited

041898866/4160982.2
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.
On-market purchases –
Number of Shares
N/A
On-market purchases – Gross
Consideration
N/A
On-market sales –
Number of Shares
1,092,237
On-market sales –
Gross Consideration
$72,638.75

Details after relevant event:
Details for: Harbour Asset Management Limited
Number held in class after the
relevant event:
35,099,498
Percentage held in class: 6.239%
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
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

Additional information:

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