SPH – Accident Compensation Corporation (ACC)

Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013 To New Zealand Stock Exchange and To Evolve Education Group Ltd Date this disclosure made: 4 August 2017 Date last disclosure made: 15 July 2016 Date on which substantial holding ceased: 3 August 2017 Substantial product holder(s) giving disclosure Full Name(s): Accident Compensation Corporation (ACC) Nicholas Bagnall, Guy Elliffe, Paul Robertshawe, Blair Tallott, Blair Cooper, Jason Familton Summary of previous substantial holding Class of quoted voting products: Ordinary shares Summary for: Accident Compensation Corporation (ACC) Nicholas Bagnall, Guy Elliffe, Paul Robertshawe, Blair Tallott, Blair Cooper, Jason Familton For last disclosure: (a) Total number held in class: 9,655,000 (b) Total in class: 178,052,411 (c) Total percentage held in class: 5.423% For current holding after ceasing to have substantial holding: (a) Total number held in class: 8,913,430 (b) Total in class: 178,967,642 (c) Total percentage held in class: 4.980% Details of transactions and events giving rise to ceasing of substantial holding Details of the transactions or other events requiring disclosure: From 14 July 2016 to 3 August 2017, ACC had the following aggregated on-market transactions in Evolve Education Group Ltd: - Sales of 2,975,720 shares for consideration of NZD $3,087,842 - Purchases of 2,234,150 shares for consideration of NZD $2,134,760 Additional information Address(es) of substantial product holder(s): ACC: Justice Centre, 19 Aitken Street, PO Box 242, Wellington 6140. Contact details: Jonathan Williams +64 4 816 7045 investmentscompliance@acc.co.nz Nature of connection between substantial product holders: Nicholas Bagnall, Guy Elliffe, Paul Robertshawe, Blair Tallott, Blair Cooper and Jason Familton are employees of ACC and either a portfolio manager, equity analyst or corporate governance manager. Under current ACC investment policies, they have the discretion to exercise control over some or all the rights to vote and acquisition or disposal of some or all of the financial products of which ACC is the beneficial owner. 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 securities to which this disclosure relates: n/a Certification I, Jonathan Williams, 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:00305050 For:EVO Type:SHINTR Time:2017-08-04 15:45:59