SSH Notice – Salt Funds Management Limited

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 Argosy Property Limited Relevant event being disclosed: Date of relevant event: 6 January 2017 Date this disclosure made: 10 January 2017 Date last disclosure made: 5 May 2015 Substantial product holder(s) giving disclosure Full name(s): Salt Funds Management Limited Summary of substantial holding Class of quoted voting products: Argosy Property Limited Ordinary Shares (ARG) Summary for Salt Funds Management Limited For this disclosure,-- (a) total number held in class: 52,411,024 (b) total in class: 821,004,006 (c) total percentage held in class: 6.384% For last disclosure,-- (a) total number held in class: 43,091,485 (b) total in class: 802,628,756 (c) total percentage held in class: 5.369% Details of transactions and events giving rise to relevant event Salt Funds Management undertook the following transactions as part of normal on-market trading activities: (see table attached) Details after relevant event Details for Salt Funds Management Limited Nature of relevant interest(s): Investment Manager For that relevant interest,-- (a) total number held in class: 52,411,024 (b) total in class: 821,004,006 (c) total percentage held in class: 6.384% (d) registered holder(s) once transfers are registered: See Annexure 1. Additional information Address(es) of substantial product holder(s): Level 3, The Imperial Buildings, 44 Queen Street, Auckland 1050 Contact details: Julia Diepbrink, Telephone: 09 869 2933, Email: julia.diepbrink@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, Julia Diepbrink, 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:00295359 For:ARG Type:SSH Time:2017-01-10 15:17:22