SPH Notice – National Nominees Ltd

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 To NZX and To Trilogy International Limited Date this disclosure made: 04 January 2018 Date last disclosure made: 04 October 2017 Substantial product holder(s) giving disclosure Full name(s): National Nominees Ltd ACF Australian Ethical Investment Limited (ABN 47 003 188 930) Summary of substantial holding Class of quoted voting products: Ordinary Shares Summary for TIL For this disclosure,-- (a) total number held in class: 7,549,471 (b) total in class: 72,766,907 (c) total percentage held in class: 10.37% For last disclosure,-- (a) total number held in class: 6,812,148 (b) total in class: 72,746,630 (c) total percentage held in class: 9.36% Details of transactions and events giving rise to relevant event Details of the transaction or other events requiring disclosure: On-market purchase of all shares held by AEF (see attachment) Details after relevant event Details for National Nominees Ltd ACF Australian Ethical Investment Limited Nature of relevant interest(s): National Nominees Limited ACF Australian Ethical Investment Limited is the registered holder and beneficial owner of the ordinary shares. Please note that National Nominees Ltd is the custodian of registered managed investment schemes of which Australian Ethical Investment Limited is the Responsible Entity. For that relevant interest,-- (a) number held in class: 7,549,471 (b) percentage held in class: 10.37 % (c) current registered holder(s): Unknown (d) registered holder(s) once transfers are registered: Unknown 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): National Nominees Ltd, Level 12, 500 Bourke Street, Melbourne VIC 3000 Contact details: Tracey Meadows, Team Leader - Senior Fund Accountant, Australian Ethical Investment Limited +61 2 8276 6213 and tmeadows@australianethical.com.au 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, Tom May, Company Secretary, Australian Ethical Investment Limited certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorized to make this disclosure by all persons for whom it is made. End CA:00312733 For:TIL Type:SHINTR Time:2018-01-05 08:30:33