SSH – Augusta Capital 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 Note: This form must be completed in accordance with the instructions at the end of the form. To NZX Limited and To NPT Limited Relevant event being disclosed: Movement of 1% or more in the substantial holding Date of relevant event: 7 April 2017 Date this disclosure made: 7 April 2017 Date last disclosure made: 30 September 2016 Substantial product holder(s) giving disclosure Full name(s): Augusta Capital Limited Summary of substantial holding Class of quoted voting products: Ordinary shares (NZX Code: NPT) Summary for Augusta Capital Limited For this disclosure,-- (a) total number held in class: 30,528,993 (b) total in class: 161,920,433 (c) total percentage held in class: 18.854% For last disclosure,-- (a) total number held in class: 15,000,000 (b) total in class: 161,920,433 (c) total percentage held in class: 9.264% Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure: On 7 April 2017, Augusta Capital entered acquired beneficial ownership of ordinary shares in NPT Limited through the following off-market transactions: See attached table Details after relevant event Details for Augusta Capital Limited Nature of relevant interest(s): Registered holder and beneficial owner For that relevant interest,-- (a) number held in class: 15,000,000 (b) percentage held in class: 9.264% (c) current registered holder(s): Augusta Capital Limited (d) registered holder(s) once transfers are registered: N/A Nature of relevant interest(s): Beneficial owner For that relevant interest,-- (a) number held in class: 15,528,993 (b) percentage held in class: 9.590% (c) current registered holder(s): Accident Compensation Corporation, Guardian Nominees No.2 Ltd, National Nominees Ltd, Trustees Executors Limited, BNP Paribas Nominees (NZ) Limited and Forsyth Barr Custodians Limited (d) registered holder(s) once transfers are registered: Augusta Capital Limited For a derivative relevant interest, also-- (a) type of derivative: N/A (b) details of derivative: N/A (c) parties to the derivative: N/A (d) if the substantial product holder is not a party to the derivative, the nature of the relevant interest in the derivative: N/A Additional information Address(es) of substantial product holder(s): Level 2, 30 Gaunt Street, Auckland Central, 1010, New Zealand Contact details: Mark Francis, Managing Director, +64 9 300 6161, mark@augusta.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: Salt Funds Management Limited Certification I, Luke Fitzgibbon, 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:00299563 For:NPT Type:SSH Time:2017-04-07 09:55:15