SPH Notice – J.P. Morgan Securities LLC

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 [New Zealand Stock Exchange] and To [Rubicon Limited] Date this disclosure made: [17 Jan 2018] Date last disclosure made: [19th July 2016] Date on which substantial holding ceased: [15 Jan 2018] Substantial product holder(s) giving disclosure Full name(s): [JPMorgan Chase & Co. and it's affiliates] Summary of previous substantial holding Class of quoted voting products: [Ordinary shares] Summary for[ J.P. Morgan Securities LLC] For last disclosure,-- (a) total number held in class: [29,338,903] (b) total in class: [409,051,378] (c) total percentage held in class: [7.17%] For current holding after ceasing to have substantial holding,-- (a) total number held in class: [NIL] (b) total in class: [NIL] (c) total percentage held in class: [NIL] Details of transactions and events giving rise to ceasing of substantial holding Details of the transactions or other events requiring disclosure: [ Refer to Appendix A] Additional information Address(es) of substantial product holder(s): [JPMorgan Chase & Co.- 270 Park Avenue, New York, 10017, United States] [JP Morgan Securities LLC - 383 Madison Ave., New York, New York, NY, 10179, United States] Contact details: [Name - Neha Sangani, Telephone - +65 68828368; Email - doi_ops_apac@chase.com] *Nature of connection between substantial product holders: [J.P. Morgan Chase & Co. is the ultimate holding company of J.P.Morgan and its affiliates] 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.] *Disclosure has effect for purposes of directors' and senior managers' disclosure [Name] is also a [specify either director or senior manager] of [name of listed issuer]. This disclosure also constitutes disclosure for the purposes of the directors' and senior managers' disclosure obligations. [N.A.] Certification I, James Goodfellow, 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. Date: 17th Jan 2018 End CA:00313154 For:RBC Type:SHINTR Time:2018-01-18 08:46:38