SPH Notice - Craigs Investment Partners Limited (CIP)

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 NZX Limited
and
To Property For Industry Limited
Relevant event being disclosed: Movement of 1% or more in substantial holding
Date of relevant event: 3 September 2026
Date this disclosure made: 9 September 2026
Date last disclosure made: 8 May 2026
Substantial product holder(s) giving disclosure
Full name(s): Craigs Investment Partners Limited (CIP)
Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for CIP
For this disclosure,—
(a) total number held in class: 30,677,926
(b) total in class: 502,478,551
(c) total percentage held in class: 6.10%
For last disclosure,—
(a) total number held in class: 25,228,044
(b) total in class: 502,379,030
(c) total percentage held in class: 5.02%

2
Details of transactions and events giving rise to relevant event
Date of
event
Nature of
event
Consideration
Number
of
financial
products
Current
registered
holder(s)
Registered
holder(s)
once
transfers
are
registered




8 May
2026 – 3
September
2026
On-market
sales
$2,801,242 1,177,320
CIP
(28,797,655
shares) /
Smartshares
CIP
(1,880,271
shares)
Unknown
On-market
purchases
$7,030,421 2,950,454 Unknown CSL
Off-market
transfers
out of DIMS
Nil 206,438 CSL Unknown
Off-market
transfers
into DIMS
Nil 3,883,186 Unknown CSL


Details after relevant event
Details for CIP
Nature of relevant interest(s): The relevant interest arises under various investment
management agreements to which CIP is a party in its capacity as a provider of
discretionary investment management services (DIMS) and as manager of
Smartshares CIP NZ Core Equity Fund and Smartshares CIP NZ Yield Equity Fund
(Funds). The relevant interest exists solely due to the investment powers granted
under those agreements, including the authority to control voting rights attached
to the shares and to manage the disposal of those shares.
For that relevant interest,—
(a) number held in class: 30,677,926
(b) percentage held in class: 6.10%
(c) current registered holder(s): See above
(d) registered holder(s) once transfers are registered: See above

3
For a derivative relevant interest, also—
(a) type of derivative: Not applicable
(b) details of derivative: Not applicable
(c) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: Not applicable
Additional information
Address(es) of substantial product holder(s): Craigs Investment Partners House,
158 Cameron Road, Tauranga
Contact details: Regan Carey
T: +64 7 927 7926
Email: compliance@craigsip.com
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, Regan Carey, 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.