SPH Notice – ANZ New Zealand Investments Limited

Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013 To NZX Limited and To Argosy Property Limited Date this disclosure made: 1 October 2018 Date last disclosure made: 13 December 2017 Date on which substantial holding ceased: 1 October 2018 Substantial product holder(s) giving disclosure Full name(s): ANZ New Zealand Investments Limited, ANZ Bank New Zealand Limited, ANZ Custodial Services New Zealand Limited, and OnePath Funds Management Limited (Australia) Summary of previous substantial holding Class of quoted voting products: Common Stock - ARG Summary for: ANZ New Zealand Investments Limited, ANZ Bank New Zealand Limited and OnePath Funds Management Limited (Australia) (aggregated as related bodies corporate) For last disclosure,-- (a) total number held in class: 41,531,723 (b) total in class: 826,020,000 (c) total percentage held in class: 5.028% For current holding after ceasing to have substantial holding,-- (a) total number held in class: 40,219,593 (b) total in class: 827,030,000 (c) total percentage held in class: 4.863% The above summary excludes the custodial holdings of ANZ Custodial Services New Zealand Limited (which are set out below), so that these are not double-counted in the aggregated related bodies disclosure. Summaries of the individual holdings of each of ANZ New Zealand Investments Limited, ANZ Bank New Zealand Limited, ANZ Custodial Services New Zealand Limited, and OnePath Funds Management Limited (Australia) are as follows. Summary for: ANZ New Zealand Investments Limited For last disclosure,-- (a) total number held in class: 41,099,367 (b) total in class: 826,020,000 (c) total percentage held in class: 4.976% For current holding after ceasing to have substantial holding,-- (a) total number held in class: 39,747,237 (b) total in class: 827,030,000 (c) total percentage held in class: 4.806% Summary for: ANZ Bank New Zealand Limited For last disclosure,-- (a) total number held in class: 354,180 (b) total in class: 826,020,000 (c) total percentage held in class: 0.043% For current holding after ceasing to have substantial holding,-- (a) total number held in class: 394,180 (b) total in class: 827,030,000 (c) total percentage held in class: 0.048% Summary for: ANZ Custodial Services New Zealand Limited For last disclosure,-- (a) total number held in class: 354,180 (b) total in class: 826,020,000 (c) total percentage held in class: 0.043% For current holding after ceasing to have substantial holding,-- (a) total number held in class: 394,180 (b) total in class: 827,030,000 (c) total percentage held in class: 0.048% Summary for: OnePath Funds Management Limited (Australia) For last disclosure,-- (a) total number held in class: 78,176 (b) total in class: 826,020,000 (c) total percentage held in class: 0.009% For current holding after ceasing to have substantial holding,-- (a) total number held in class: 78,176 (b) total in class: 827,030,000 (c) total percentage held in class: 0.009% Details of transactions and events giving rise to ceasing of substantial holding Details of the transactions or other events requiring disclosure by ANZ New Zealand Investments Limited: On-market trades Transaction Type Period Shares Consideration (NZD) On-market Purchases 13/12/2017 - 01/10/2018 5,387,732.00 (5,582,042.70) On-market Sales 13/12/2017 - 01/10/2018 (6,739,862.00) 6,759,185.73 (1,352,130.00) 1,177,143.03 Details of the transactions or other events requiring disclosure by ANZ Bank New Zealand Limited: Relevant interests under the trading and custody service On-market trades Transaction Type Period Shares Consideration (NZD) On-market Purchases 13/12/2017 - 01/10/2018 - - On-market Sales 13/12/2017 - 01/10/2018 (16,000.00) 17,114.29 (16,000.00) 17,114.29 Off-market trades Transaction Type Date of transaction Name of other party to the transaction Shares Consideration (NZD) Off-market Purchases 18/12/2017 16,000.00 (17,600.00) Off-market Purchases 19/07/2018 40,000.00 (43,400.00) 56,000.00 (61,000.00) Details of the transactions or other events requiring disclosure by ANZ Custodial Services New Zealand Limited: On-market trades Transaction Type Period Shares Consideration (NZD) On-market Sales 13/12/2017 - 01/10/2018 (16,000.00) 17,114.29 (16,000.00) 17,114.29 Off-market trades Transaction Type Date of transaction Name of other party to the transaction Shares Consideration (NZD) Off-market Purchases 18/12/2017 16,000.00 (17,600.00) Off-market Purchases 19/07/2018 40,000.00 (43,400.00) 56,000.00 (61,000.00) Additional information Address(es) of substantial product holder(s): ANZ New Zealand Investments Limited, ANZ Bank New Zealand Limited, and ANZ Custodial Services New Zealand Limited: ANZ Centre, 23-29 Albert Street, Auckland 1010 OnePath: ANZ Tower, 242 Pitt Street, Sydney NSW 2000, Australia Contact details: Olivia Tjiong, 0800 269 296, Olivia.tjiong@anz.com Nature of connection between Substantial Product holders: ANZ New Zealand Investments Limited, ANZ Bank New Zealand Limited, ANZ Custodial Services New Zealand Limited, and OnePath Funds Management Limited (Australia) are related bodies corporate under section 237(d) of the Financial Markets Conduct Act 2013. 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: None Certification I, Olivia Tjiong , 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:00324740 For:ARG Type:SHINTR Time:2018-10-02 09:35:46