SPH Notice – Milford Asset 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 The New Zealand Stock Exchange and To Methven Limited Date this disclosure made: 10/05/2017 Date last disclosure made: 11/06/2015 Date on which substantial holding ceased: 08/05/2017 Substantial product holder(s) giving disclosure Full name(s): Milford Asset Management Limited Summary of previous substantial holding Class of quoted voting products: Ordinary Shares Summary for Milford Asset Management Limited For last disclosure,-- (a) total number held in class: 5,126,301 (b) total in class: 72,773,410 (c) total percentage held in class: 7.04% (note, relevant interests held by the manager as follows): Active Growth Wholesale Fund (7.04%), (Custodian - NNL Custodians) For current holding after ceasing to have substantial holding,-- (a) total number held in class: 3,480,036 (b) total in class: 73,482,816 (c) total percentage held in class: 4.736% (note, relevant interests held by the manager as follows): Active Growth Wholesale Fund (4.736%), (Custodian - NNL Custodians) Details of transactions and events giving rise to ceasing of substantial holding Details of the transactions or other events requiring disclosure: Milford Asset Management Limited undertook the below transactions: please see attached Additional information Address(es) of substantial product holder(s): 41 Shortland Street, Auckland 1140, New Zealand Contact details: Ben Lau, Product Assurance Specialist contact: (09) 921 4700 E-mail: productscompliance@milfordasset.com 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, Ben Lau, 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:00300916 For:MVN Type:SSH Time:2017-05-10 09:52:45