SPH Notice – New Zealand Superannuation Fund 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 Note: This form must be completed in accordance with the instructions at the end of the form. To NZX Limited and To New Zealand King Salmon Investments Limited Relevant event being disclosed: Disclosure of movement of 1% or more in substantial holding Date of relevant event: 3 April 2018 Date this disclosure made: 5 April 2018 Date last disclosure made: 23 March 2017 Substantial product holder(s) giving disclosure Full name(s): New Zealand Superannuation Fund Nominees Limited as nominee for the New Zealand Superannuation Fund being property of Her Majesty the Queen in right of New Zealand and managed and administered by the Guardians of New Zealand Superannuation ("NZSF") Summary of substantial holding Class of quoted voting products: Ordinary Shares (ISIN: NZNZKE0003S0) Summary for NZSF For this disclosure,-- (a) total number held in class: 8,957,866 (b) total in class: 138,475,358 (c) total percentage held in class: 6.469% For last disclosure,-- (a) total number held in class: 10,407,438 (b) total in class: 138,157,843 (c) total percentage held in class: 7.533% Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure: Between 21 March 2017 and 3 April 2018, NZSF (through its internal equities portfolio) sold an aggregate of 255,000 ordinary shares in New Zealand King Salmon Investments Limited on-market for aggregate consideration of $509,905. Between 21 March 2017 and 3 April 2018, NZSF sold an aggregate of 1,194,572 ordinary shares in New Zealand King Salmon Investments Limited on-market for aggregate consideration of $2,488,267 from its account managed by Mint Asset Management Limited. Details after relevant event Details for NZSF Nature of relevant interest(s): Beneficial owner of shares and/or power to control the acquisition/disposal of, and voting rights attached to, shares For that relevant interest,-- (a) number held in class: 8,957,866 (b) percentage held in class: 6.469% (c) current registered holder(s): Unknown (d) registered holder(s) once transfers are registered: New Zealand Central Securities Depository Limited (for NZSF). Of these shares, 6.271% are within NZSF's internal equities portfolio and 0.197% are within NZSF's portfolio managed by Mint Asset Management Limited 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): Level 12, Zurich House, 21 Queen Street Auckland 1010, New Zealand Contact details: David Sara Ph: +64 9 300 6980 E-mail: dsara@nzsuperfund.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: N/A Certification I, David Sara, 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:00316423 For:NZK Type:SHINTR Time:2018-04-05 16:24:25