SPH Notice – Allan Gray Australia Pty Ltd

Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013 To New Zealand Stock Exchange and To NZME Limited Date this disclosure made: 6 September 2018 Date last disclosure made: 5 September 2018 Date on which substantial holding ceased: 5 September 2018 Substantial product holder(s) giving disclosure Full name(s): Allan Gray Australia Pty Ltd (Allan Gray Australia) and its related bodies corporate as set out in Table 1 of Annexure A (together Allan Gray Group), as investment manager for the funds or investment mandates listed at Table 2 of Annexure A. Summary of previous substantial holding Class of quoted voting products: Ordinary Shares Summary for Allan Gray Group For last disclosure,-- (a) total number held in class: 11,502,912 (b) total in class: 196,011,282 (c) total percentage held in class: 5.869% For current holding after ceasing to have substantial holding,-- (a) total number held in class: 0 (b) total in class: 196,011,282 (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: On market acquisitions and disposals of shares in NZME Limited by Allan Gray Group between 5 September and 5 September, as set out in Annexure B. Additional information Address of substantial product holders: C/- Allan Gray Australia, Level 2, Challis House. 4 Martin Place Sydney, New South Wales 2000, Australia Contact details: Eugene Tan, telephone: +61 2 8224 8627, email: eugene.tan@orbis.com Nature of connection between substantial product holders: As investment manager for the funds or investment mandates listed at Table 2 of Annexure A. 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, Eugene Tan, Company Secretary, Allan Gray Australia, 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:00323503 For:NZM Type:SHINTR Time:2018-09-07 08:30:10