SPH Notice – Sir Selwyn John Cushing

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: NZX Limited. And: Skellerup Holdings Limited (Skellerup). Relevant event being disclosed: Movement of 1% or more in substantial holding. Date of relevant event: 20 August 2018. Date this disclosure made: 21 August 2018. Date last disclosure made: 19 February 2016. Substantial security holder(s) giving disclosure Full name: Sir Selwyn John Cushing. Summary of substantial holding Class of quoted voting products: Ordinary Shares (SKL). Summary for Sir Selwyn John Cushing. For this disclosure,-- (a) total number held in class: 12,523,826. (b) total in class: 192,805,807. (c) total percentage held in class: 6.50%. For last disclosure,-- (a) total number held in class: 14,720,891. (b) total in class: 192,805,807. (c) total percentage held in class: 7.64%. Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure: (1) On 22 February 2016 H&G Limited acquired 221,159 shares in Skellerup on market at an average price of $1.3527 per share. (2) On 23 February 2016 H&G Limited acquired 231,776 shares in Skellerup on market at an average price of $1.3504 per share. (3) On 2 March 2016 Sir Selwyn Cushing purchased 100,000 shares in Skellerup on-market at a price of $1.32 per share. (4) On 22 November 2016 H&G Limited acquired 500,000 shares in Skellerup through an off market transfer at a price of $1.48 per share. (5) On 20 August 2018 H&G Limited sold 3,250,000 shares in Skellerup on-market at an average price of $2.11 per share. Details after relevant event Details for Sir Selwyn John Cushing: (1) Nature of relevant interest(s): Sir Selwyn Cushing is the legal and beneficial holder of 100,000 shares in Skellerup. For that relevant interest: (a) number held in class: 100,000. (b) percentage held in class: 0.05% (c) current registered holder(s): Sir Selwyn Cushing (d) registered holder(s) once transfers registered: No change. (2) Nature of relevant interest(s): H&G Limited is the legal and beneficial holder of 10,866,169 shares in Skellerup. No relevant agreement is required to be attached under regulation 139. Sir Selwyn Cushing has a deemed relevant interest in such shares as he is the legal and beneficial owner of more than 20% of the shares on issue in H&G Limited. For that relevant interest: (a) number held in class: 10,866,169. (b) percentage held in class: 5.64% (c) current registered holder(s): H&G Limited (d) registered holder(s) once transfers registered: No change. (3) Nature of relevant interest(s): Fairway Finance Limited is the legal and beneficial holder of 100,015 shares in Skellerup. No relevant agreement is required to be attached under regulation 139. Sir Selwyn Cushing has a deemed relevant interest in such shares as he is the legal and beneficial owner of more than 20% of the shares on issue in Fairway Finance Limited. For that relevant interest: (a) number held in class: 100,015. (b) percentage held in class: 0.05%. (c) current registered holder(s): Fairway Finance Limited. (d) registered holder(s) once transfers registered: No change. (4) Nature of relevant interest(s): Seajay Securities Limited is the legal and beneficial holder of 1,457,642 shares in Skellerup. No relevant agreement is required to be attached under regulation 139. Sir Selwyn Cushing has a deemed relevant interest in such shares as he is the legal and beneficial owner of more than 20% of the shares on issue in Seajay Securities Limited. For that relevant interest: (a) number held in class: 1,457,642. (b) percentage held in class: 0.76%. (c) current registered holder(s): Seajay Securities Limited. (d) registered holder(s) once transfers registered: No change. Additional information Address(es) of substantial product holder(s): C/- Rural Equities Limited, First Floor, 120 Karamu Road North (PO Box 783), Hastings. Contact details: James Wright, Rural Equities Limited, First Floor, 120 Karamu Road North (P O Box 783), Hastings Name of any other person believed to have given, or believed to be required to give, a disclosure under the Act in relation to the securities to which this disclosure relates: H&G Limited. Declaration I, James Richard Wright, 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. James Richard Wright Date: 21 August 2018 End CA:00322517 For:SKL Type:SHINTR Time:2018-08-21 15:46:45