SPH Notice – Irvin Robert Kessler

Disclosure of beginning to have substantial holding Section 276, Financial Markets Conduct Act 2013 To NZX Limited and To Rubicon Limited Date this disclosure made: 3 January 2018 Date on which substantial holding began: 29 December 2017 Substantial product holder(s) giving disclosure Full name(s): Irvin Robert Kessler Summary of substantial holding Class of quoted voting products: Ordinary Shares Summary for Irvin Robert Kessler For this disclosure,-- (a) total number held in class: 25,000,000 (b) total in class: 487,908,343 (c) total percentage held in class: 5.12% Details of relevant interests Details for Irvin Robert Kessler Nature of relevant interest(s): Irvin Robert Kessler For that relevant interest,-- (a) number held in class: 25,000,000 (b) percentage held in class: 5.12% (c) current registered holder(s): FNZ Custodians Limited (d) registered holder(s) once transfers are registered: NA For a derivative relevant interest, also,-- (a) type of derivative: NA (b) details of derivative: NA (c) parties to the derivative: NA (d) if the substantial product holder is not a party to the derivative, the nature of the relevant interest in the derivative: NA Details of transactions and events giving rise to substantial holding The on-market acquisition of 25,000,000 ordinary shares over 28 and 29 December 2017 for aggregate consideration of NZD 4,875,000. Additional information Address(es) of substantial product holder(s): 6210 E Indian Bend Road, Paradise Valley, Arizona 85253, USA Contact details: Sam Bejjani, Bank of New Zealand Family Office, +64 21 19 19 181 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: NA Certification I, Irvin Robert Kessler, 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. Irvin Robert Kessler End CA:00312654 For:RBC Type:SHINTR Time:2018-01-03 10:22:23