SPH Notice – Investment Services Group Ltd

Disclosure of ceasing to have substantial holding Section 276, Financial Markets Conduct Act 2013 Note: This form must be completed in accordance with the instructions at the end of the form. To NZX and To Fonterra Shareholders' Fund Date this disclosure made: 19/01/2018 Date last disclosure made: 04/12/2017 Date on which substantial holding ceased: 18/01/2018 Substantial product holder(s) giving disclosure Full name(s): Investment Services Group Limited (formerly Devon Funds Group Limited) Summary of substantial holding Class of quoted voting products: Ordinary Shares Summary for Investment Services Group Limited For last disclosure,-- (a) total number held in class: 6,971,780 (b) total in class: 138,649,174 (c) total percentage held in class: 5.03% Details of relevant interests Devon Funds Management Limited and Clarity Funds Management Limited are subsidiaries of Investment Services Group Limited. Details for Devon Funds Management Limited Nature of relevant interest(s): Related party of Investment Services Group Limited For that relevant interest,-- Summary for Devon Funds Management Limited (a) total number held in class: 6,971,780 (b) total in class: 138,649,174 (c) total percentage held in class: 5.03% Details for Clarity Funds Management Limited Nature of relevant interest(s): Related party of Investment Services Group Limited. For that relevant interest,-- Summary for Clarity Funds Management Limited (a) total number held in class: 0 (b) total in class: 138,649,174 (c) total percentage held in class: 0% For current holding after ceasing to have substantial holding,- Summary for Investment Services Group Limited (a) total number held in class: 6,859,375 (b) total in class: 139,741,224 (c) total percentage held in class: 4.91% Details of relevant interests Details for Devon Funds Management Limited Nature of relevant interest(s): Related party of Investment Services Group Limited For that relevant interest,-- Summary for Devon Funds Management Limited (d) total number held in class: 6,859,375 (e) total in class: 139,741,224 (f) total percentage held in class: 4.91% Details for Clarity Funds Management Limited Nature of relevant interest(s): Related party of Investment Services Group Limited. For that relevant interest,-- Summary for Clarity Funds Management Limited (a) total number held in class: 0 (b) total in class: 139,741,224 (c) total percentage held in class: 0% Details of transactions and events giving rise to ceasing of substantial holding Details of the transactions or other events requiring disclosure: Transaction in four months before 19/01/2018 Additional information Address(es) of substantial product holder(s): Investment Services Group Limited, Level 10, 2 Commerce Street, Auckland 1010 Contact details: John Tampo | P: 09 925 3982 | E: jtampo@devonfunds.co.nz 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: Devon Funds Management Limited Certification I, John Tampo, 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:00313242 For:FSF Type:SHINTR Time:2018-01-19 16:32:30