SPH Notice – Accident Compensation Corporation (ACC)

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 New Zealand Stock Exchange and To NPT Ltd Relevant event being disclosed: Movement of 1% or more Date of relevant event: 8 January 2018 Date this disclosure made: 9 January 2018 Date last disclosure made: 21 November 2017 Substantial product holder(s) giving disclosure Full Name(s): Accident Compensation Corporation (ACC) Summary of substantial holding Class of quoted voting products: Ordinary shares (NPT NZ) Summary for: Accident Compensation Corporation (ACC) For this disclosure,-- (a) Total number held in class: 13,628,852 (b) Total in class: 161,920,433 (c) Total percentage held in class: 8.417% For last disclosure,-- (a) Total number held in class: 10,550,175 (b) Total in class: 161,920,433 (c) Total percentage held in class: 6.516% Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure: From 21 November 2017 to 8 January 2018, ACC had the following aggregated on-market transactions in NPT Ltd: o Purchases of 3,078,677 shares for consideration of NZD $1,844,943 Details after relevant event Details for ACC Nature of relevant interest(s): Beneficial owner of securities under ?235(1)(b) of the Financial Markets Conduct Act No relevant agreement document needs to be attached under regulation 139. For that relevant interest,-- (a) Number held in class: 13,628,852 (b) Percentage held in class: 8.417% (c) Current registered holder(s): ACC via New Zealand Central Securities Depository Limited (NZCSD) (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 of substantial product holder(s): ACC: Justice Centre, 19 Aitken Street, PO Box 242, Wellington, NZ Contact details: Terence Tong +64 4 816 6600 investmentscompliance@acc.co.nz In accordance with the Financial Markets Authority's Guidance Note: Guidance on Substantial Product Holder Disclosures issued on 27 September 2017, ACC has not made disclosures for employees who manage 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 financial products to which this disclosure relates: n/a Certification I, Terence Tong, 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:00312850 For:NPT Type:SHINTR Time:2018-01-09 14:31:50