SSH Notice – Harbour Asset and First NZ Capital

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 Note: This form must be completed in accordance with the instructions at the end of the form. To NZX Limited and To Scales Corporation Limited (SCL) Relevant event being disclosed Disclosure of movement of 1% or more in substantial holding Date of relevant event: 7 December 2016 Date this disclosure made: 8 December 2016 Date last disclosure made: 21 April 2016 Substantial product holder(s) giving disclosure Full name(s): Harbour Asset Management Limited Summary of substantial holding Class of quoted voting products: Ordinary shares Summary for: Harbour Asset Management Limited and First NZ Capital Securities Limited For this disclosure - (a) total number held in class: 9,934,351 (b) total in class: 139,779,006 (c) total percentage held in class: 7.107% For last Disclosure - (a) total number held in class: 8,526,249 (b) total in class: 139,779,006 (c) total percentage held in class: 6.100% Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure: As noted above, on 21 April 2016, Harbour Asset Management Limited had disclosed an interest in 8,382,144 (5.997%) SCL shares. Since 21 April 2016, as a result of normal market trading activity, Harbour Asset Management Limited has sold 1,771,167 SCL shares for a total consideration of $5,615,473 and purchased 3,318,577 SCL shares for a total consideration of $10,760,197. As a result, Harbour Asset Management Limited has, at the date of this notice, a relevant interest in 9,929,554 (7.104%) SCL shares. During this same period, as a result of normal market trading, First NZ Capital Securities Limited, has sold a net position of 139,308 SCL shares. Details after relevant event Details for: Harbour Asset Management Limited First NZ Capital Securities Limited Nature of relevant interest(s): As fund manager, the power to exercise a right to vote attached to, and power to acquire or dispose of, the products, under powers of investment contained in investment management contracts with clients (the beneficial owners of the products). Beneficial owner of financial products For that relevant interest - number held in class: 9,929,554 4,797 percentage held in class: 7.104% 0.003% current registered holder of financial products: Various nominee companies on behalf of clients as beneficial owners. unknown registered holder of financial products once transfer is registered: Various nominee companies on behalf of clients as beneficial owners. No relevant agreement needs to be attached under regulation 139. First NZ Capital Securities Limited No relevant agreement needs to be attached under regulation 139. Additional information Address(es) of substantial product holder(s): Level 16, 171 Featherston Street, Wellington Contact details: Kate Livingston, + 64 9 307 5747, kate.livingston@fnzc.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, Kate Livingston, 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. End CA:00293987 For:SCL Type:SSH Time:2016-12-08 17:04:41