SSH Notice – Pie Funds Management Limited

Disclosure of ceasing to have substantial holding Section 279, 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 Gentrack Group Limited Date this disclosure made: 31 March 2017 Date last disclosure made: 10 October 2016 Date on which substantial holding ceased: 30 March 2017 Substantial product holder(s) giving disclosure Full name(s): Pie Funds Management Limited Summary of substantial holding Class of quoted voting products: Ordinary Shares For last disclosure,-- (a) total number held in class: 4,344,000 (b) total in class: 72,699,510 (c) total percentage held in class: 5.98% For current holding after ceasing to have substantial holding,-- (a) total number held in class: 4,111,513 (b) total in class: 82,237,883 (c) total percentage held in class: 4.99954% Details of transactions and events giving rise to ceasing of substantial holding Details of the transactions or other events requiring disclosure: Total Sale of 1,099,320 ordinary shares between $3.32 and $3.99. Total Purchase of 866,833 shares between $3.30 and $3.55. Additional information Address(es) of substantial product holder(s): Level 1, One Byron Avenue, Takapuna, Auckland, 0622 Contact details: Mark Devcich; +64 9 486 4836; mark@piefunds.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: N/A Certification I, Mark Devcich, 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:00299204 For:GTK Type:SSH Time:2017-03-31 16:18:20