SSH Notice – Forager Funds Management Pty Ltd

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest, or both Sections 277 and 278, Financial Conducts Act 2013 To: NZX Limited and To: NZME Limited Relevant event being disclosed: Disclosure of movement of 1% or more Relevant date event: 24/02/2017 Date this disclosure made: 28/02/2017 Date last disclosure made: 11/11/2016 Substantial product holder(s) giving disclosure Name: Forager Funds Management Pty Ltd Contact Details: +61 2 8305 6053 Summary of substantial holding Class of quoted voting products: Ordinary Shares Summary for Forager Funds Management Pty Ltd For this disclosure, -- (a) total number held in class: 17,778,075 (b) total in class: 196,011,282 (c) total percentage held in class: 9.07% For last disclosure, -- (a) total number held in class: 13,460,256 (b) total in class: 196,011,282 (c) total percentage held in class: 6.87% Details of transactions and events giving rise to relevant event: see attached Details after relevant event Details for: Forager Funds Management Pty Ltd: see attached Additional information Address of substantial security holder: Suite 3.02, 66 King Street, Sydney, NSW, Australia, 2000 Name of any other person believed to have given, or believed to be required to give, a disclosure under the Act in relation to the securities to which this disclosure relates: N/A Declaration I, Steven Johnson, declare 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:00297572 For:NZM Type:SSH Time:2017-02-28 16:01:54