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SPH Notice - Milford Asset Management Limited

Substantial Holder Notice2 September 2026FRWIndustrials

100080615/3821102.1
1


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 New Zealand Stock Exchange

and

To Freightways Group Ltd


Relevant event being disclosed: Change of nature in relevant interest


Date this disclosure made: 02/09/2026


Date on which substantial holding began: 01/09/2026


Date last disclosure made: 14/07/2026


Substantial product holder(s) giving disclosure

Full name(s): Milford Asset Management Limited


Summary of substantial holding

Class of quoted voting products: Ordinary Shares

Summary for Milford Asset Management Limited

For this disclosure,—

(a) total number held in class: 10,847,276


(b) total in class: 179,210,000



(c) total percentage held in class: 6.0528%

Details of relevant interests:


Account Custodian Units %

Milford Trans-Tasman Equity Screened Wholesale Fund Custodian – HSBC

60,144

0.034%

Milford Dynamic Small Companies Fund Custodian – HSBC

295,669

0.165%

Milford NZ Equities Wholesale Fund Custodian – HSBC

3,270,633

1.825%

Milford Active Growth Wholesale Fund Custodian – HSBC

7,220,830

4.029%



For last disclosure,—


(a) total number held in class: 8,954,242

100080615/3821102.1
2


(b) total in class: 178,995,000

(c) total percentage held in class: 5.003%


Details of relevant interests:

Account Custodian Qty/Par %

Milford Trans-Tasman Equity Screened Wholesale Fund

Custodian – HSBC


53,708


0.030%

Milford Dynamic Small Companies Fund

Custodian – HSBC


406,492


0.227%

Milford NZ Equities Wholesale Fund

Custodian – HSBC

2,751,222 1.537%

Milford Active Growth Wholesale Fund

Custodian – HSBC

5,742,820 3.208%



Details of transactions and events giving rise to substantial holding

On market purchases totaling 2,003,857 units for total consideration of

NZD$26,762,460.95.


On market sells of NZD 110,823 units for total consideration of NZD$1,527,875.86.


Additional information

Address(es) of substantial product holder(s): Level 12, 50 Albert Street, Auckland,

1010, New Zealand

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.

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.

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