SPH – Aberdeen Standard Australian Small Companies Fund

Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013 Note: This form must be completed in accordance with the instructions at the end of the form. To NZX Limited and To Millennium & Copthorne Hotels New Zealand Ltd ("MCK") Date this disclosure made: 18 December 2018 Date last disclosure made: 20 September 2018 Date on which substantial holding ceased: 14 December 2018 Substantial product holder(s) giving disclosure Full name(s): Aberdeen Standard Australian Small Companies Fund Summary of previous substantial holding Class of quoted voting products: Ordinary Share Summary for Aberdeen Standard Australian Small Companies Fund For last disclosure,-- (a) total number held in class: 5,427,145 (b) total in class: 105,478,743 (c) total percentage held in class: 5.1452% For current holding after ceasing to have substantial holding,-- (a) total number held in class: 4,532,000 (b) total in class: 105,478,743 (c) total percentage held in class: 4.2966% Details of transactions and events giving rise to ceasing of substantial holding Details of the transactions or other events requiring disclosure: A sale of 793,134 shares on 14 December 2018 caused us to fall below the 5% threshold. Additional information Address(es) of substantial product holder(s): Aberdeen Standard Australian Small Companies Fund Aberdeen Standard Investments Australia Limited Level 10, 255 George Street, Sydney NSW 2000 Contact details: Sean Ng Telephone no.: +663952434 Email: sean.ng@aberdeen-asset.com / disclosures.singapore@aberdeen-asset.com 1 *Nature of connection between substantial product holders: names and nature of connection *Omit if disclosure is made for only 1 substantial product holder. 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: N/A *Disclosure has effect for purposes of directors' and senior managers' disclosure [Name] is also a [specify either director or senior manager] of [name of listed issuer]. This disclosure also constitutes disclosure for the purposes of the directors' and senior managers' disclosure obligations. *Omit if inapplicable (see section 302 of the Financial Markets Conduct Act 2013). Certification I, Sean Ng, 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:00328632 For:MCK Type:SHINTR Time:2018-12-19 08:37:47