SPH Notice – Salt Funds Management Limited

Disclosure of beginning to have substantial holding Section 276, Financial Markets Conduct Act 2013 To NZX Limited and To Scales Corporation Limited Date this disclosure made: 11 June 2018 Date on which substantial holding began: 7 June 2018 Substantial product holder(s) giving disclosure Full name(s): Salt Funds Management Limited Summary of substantial holding Class of quoted voting products: Scales Corporation Limited Ordinary Shares (SCL) Summary for Salt Funds Management Limited For this disclosure,-- (a) total number held in class: 7,049,397 (b) total in class: 140,896,574 (c) total percentage held in class: 5.003% Details of relevant interests Details for Salt Funds Management Limited Nature of relevant interest(s): Investment Manager For that relevant interest,-- (a) number held in class: 7,049,397 (b) percentage held in class: 5.003% (c) current registered holder(s): (d) registered holder(s) once transfers are registered: See Annexure 1 Details of transactions and events giving rise to substantial holding Details of the transactions or other events requiring disclosure: Refer to the table below for the full four months of transactions undertaken as part of normal on-market trading activities & an in-specie transfer by Salt Funds Management: see attached. Additional information Address(es) of substantial product holder(s): Level 3, The Imperial Buildings, 44 Queen Street, Auckland 1050 Contact details: Julia Diepbrink, Telephone: 09 869 7278, Email: Julia.diepbrink@saltfunds.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: Not applicable. Certification I, Julia Diepbrink, 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:00319166 For:SCL Type:SHINTR Time:2018-06-11 11:17:43