SPH Notice – ANZ

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 To Property for Industry Limited Relevant event being disclosed: Movement of 1% or more in substantial holding Date of relevant event: 9 November 2018 Date this disclosure made: 9 November 2018 Date last disclosure made: 20 February 2018 Substantial product holder(s) giving disclosure Full name(s): ANZ New Zealand Investments Limited, ANZ Bank New Zealand Limited and ANZ Custodial Services New Zealand Limited. Summary of substantial holding Class of quoted voting products: Common Stock - PFI Summary for: ANZ New Zealand Investments Limited and ANZ Bank New Zealand Limited (aggregated as related bodies corporate) For this disclosure,-- (a) total number held in class: 36,194,716 (b) total in class: 498,723,000 (c) total percentage held in class: 7.257% For last disclosure,-- (a) total number held in class: 30,212,685 (b) total in class: 498,723,000 (c) total percentage held in class: 6.058% 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 and ANZ Custodial Services New Zealand Limited. Summary for: ANZ New Zealand Investments Limited For this disclosure,-- (a) total number held in class: 35,951,391 (b) total in class: 498,723,000 (c) total percentage held in class: 7.209% For last disclosure,-- (a) total number held in class: 29,724,092 (b) total in class: 498,723,000 (c) total percentage held in class: 5.960% Summary for: ANZ Bank New Zealand Limited For this disclosure,-- (a) total number held in class: 243,325 (b) total in class: 498,723,000 (c) total percentage held in class: 0.049% For last disclosure,-- (a) total number held in class: 488,593 (b) total in class: 498,723,000 (c) total percentage held in class: 0.098% Summary for: ANZ Custodial Services New Zealand Limited For this disclosure,-- (a) total number held in class: 243,325 (b) total in class: 498,723,000 (c) total percentage held in class: 0.049% For last disclosure,-- (a) total number held in class: 488,593 (b) total in class: 498,723,000 (c) total percentage held in class: 0.098% Details of transactions and events giving rise to relevant event 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 20/02/2018 - 09/11/2018 7,865,980.00 (13,380,548.56) On-market Sales 20/02/2018 - 09/11/2018 (1,638,681.00) 2,330,973.10 6,227,299.00 (11,049,575.46) 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 20/02/2018 - 09/11/2018 54,787.00 (94,408.90) On-market Sales 20/02/2018 - 09/11/2018 (218,943.00) 374,152.97 (164,156.00) 279,744.07 Off-market trades Transaction Type Date of transaction Name of other party to the transaction (if known) Shares Consideration (NZD) Off-market Purchase 21/03/2018 10,733.00 (17,655.80) Off-market Purchase 23/03/2018 4,205.00 (6,980.30) Off-market Purchase 6/04/2018 10,733.00 (17,655.80) Off-market Sale 6/04/2018 (10,733.00) 17,655.79 Off-market Sale 9/08/2018 (50,000.00) 86,000.00 Off-market Sale 9/08/2018 (23,140.00) 39,800.80 Off-market Sale 9/08/2018 (46,645.00) 80,229.40 Off-market Purchase 9/08/2018 50,000.00 (86,000.00) Off-market Purchase 9/08/2018 23,140.00 (39,800.80) Off-market Purchase 9/08/2018 46,645.00 (80,229.40) Off-market Sale 12/10/2018 (40,300.00) 70,525.00 Off-market Sale 18/10/2018 (18,817.00) 32,647.50 Off-market Sale 18/10/2018 (1,030.00) 1,787.05 Off-market Sale 18/10/2018 (153.00) 265.46 Off-market Sale 18/10/2018 (10,000.00) 17,350.00 Off-market Sale 18/10/2018 (2,500.00) 4,337.50 Off-market Sale 18/10/2018 (3,250.00) 5,638.74 Off-market Sale 6/11/2018 (20,000.00) 34,400.00 (81,112.00) 142,315.14 Details of the transactions or other events requiring disclosure by ANZ Custodial Services New Zealand Limited: Relevant interests under the trading and custody service On-market trades Transaction Type Period Shares Consideration (NZD) On-market Purchases 20/02/2018 - 09/11/2018 54,787.00 (94,408.90) On-market Sales 20/02/2018 - 09/11/2018 (218,943.00) 374,152.97 (164,156.00) 279,744.07 Off-market trades Transaction Type Date of transaction Name of other party to the transaction (if known) Shares Consideration (NZD) Off-market Purchase 21/03/2018 10,733.00 (17,655.80) Off-market Purchase 23/03/2018 4,205.00 (6,980.30) Off-market Purchase 6/04/2018 10,733.00 (17,655.80) Off-market Sale 6/04/2018 (10,733.00) 17,655.79 Off-market Sale 9/08/2018 (50,000.00) 86,000.00 Off-market Sale 9/08/2018 (23,140.00) 39,800.80 Off-market Sale 9/08/2018 (46,645.00) 80,229.40 Off-market Purchase 9/08/2018 50,000.00 (86,000.00) Off-market Purchase 9/08/2018 23,140.00 (39,800.80) Off-market Purchase 9/08/2018 46,645.00 (80,229.40) Off-market Sale 12/10/2018 (40,300.00) 70,525.00 Off-market Sale 18/10/2018 (18,817.00) 32,647.50 Off-market Sale 18/10/2018 (1,030.00) 1,787.05 Off-market Sale 18/10/2018 (153.00) 265.46 Off-market Sale 18/10/2018 (10,000.00) 17,350.00 Off-market Sale 18/10/2018 (2,500.00) 4,337.50 Off-market Sale 18/10/2018 (3,250.00) 5,638.74 Off-market Sale 6/11/2018 (20,000.00) 34,400.00 (81,112.00) 142,315.14 Details after relevant event Details for: ANZ New Zealand Investments Limited Nature of relevant interest: ANZ New Zealand Investments Limited (ANZ Investments) acts as a manager or investment manager for certain managed investment schemes and wholesale client portfolios under investment management contracts. ANZ Investments has a relevant interest in the financial products arising only from the powers of investment contained in the investment management contracts as it has: - a qualified power to control the exercise of the right to vote attached to the financial products; and - a qualified power to acquire or dispose of the financial products. The investment management contracts agreement are not attached to this notice pursuant to regulation 142 of the Financial Markets Conduct Regulations 2014 (Regulations). For that relevant interest,-- (a) number held in class: 35,951,391 (b) percentage held in class: 7.209% (c) current registered holder(s): Unknown (d) registered holder(s) once transfers are registered: The New Zealand Guardian Trust Company Limited 28,428,999, or MFL Mutual Fund Limited 7,522,392 ANZ Investments also has a relevant interest in the holdings of ANZ Bank New Zealand Limited and ANZ Custodial Services New Zealand Limited, as disclosed in this notice, because all of these companies are related bodies corporate. Details for: ANZ Bank New Zealand Limited Nature of relevant interest: ANZ Bank New Zealand Limited (ANZ Bank) also provides a trading and custody service in respect of individual client investment portfolios under a trading service client agreement. ANZ Bank has a relevant interest in the financial products arising only from the powers of investment contained in the trading service client agreement as it has: - a qualified power to control the exercise of the right to vote attached to the financial products; and - a conditional power to dispose of the financial products. The trading service client agreement is not attached to this notice pursuant to regulation 142 of the Regulations. For that relevant interest,-- (a) number held in class: 243,325 (b) percentage held in class: 0.049% (c) current registered holder of securities: ANZ Custodial Services New Zealand Limited (d) registered holder(s) of securities once transfers registered: Unknown ANZ Bank also has a relevant interest in the holdings of ANZ New Zealand Investments Limited and ANZ Custodial Services New Zealand Limited, as disclosed in this notice, because all of these companies are related bodies corporate. Details for: ANZ Custodial Services New Zealand Limited Nature of relevant interest: ANZ Custodial Services New Zealand Limited (ANZCS) is the custodian for ANZ Bank New Zealand Limited's trading and custody service under a custody agreement. ANZCS has a relevant interest in the financial products as it is the registered holder of the financial products. The custody agreements are not attached to this notice pursuant to regulation 141 of the Regulations. For that relevant interest,-- (a) number held in class: 243,325 (b) percentage held in class: 0.049% (c) current registered holder: ANZ Custodial Services New Zealand Limited (d) registered holder(s) once transfers are registered: Unknown ANZCS also has a relevant interest in the holdings of ANZ Bank New Zealand Limited and ANZ New Zealand Investments Limited, as disclosed in this notice, because all of these companies are related bodies corporate. Additional information Address of substantial product holder(s): ANZ Investments, ANZ Bank, and ANZCS: ANZ Centre, 23-29 Albert Street, Auckland 1010 Contact details: Olivia Tjiong, 0800 269 296, olivia.tjiong@anz.com Nature of connection between substantial security holders: ANZ Investments, ANZ Bank, and ANZCS 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:00326616 For:PFI Type:SHINTR Time:2018-11-09 13:03:01