SPH Notice – Investment Services Group Limited

Disclosure of ceasing to have substantial holding Section 276, Financial Markets Conduct Act 2013 Note: This form must be completed in accordance with the instructions at the end of the form. To NZX and To Freightways Limited Date this disclosure made: 4/1/2019 Date last disclosure made: 24/12/2018 Date on which substantial holding ceased: 3/1/2019 Substantial product holder(s) giving disclosure Full name(s): Investment Services Group Limited (formerly Devon Funds Group Limited) Summary of substantial holding Class of quoted voting products: Ordinary Shares Summary for Investment Services Group Limited For last disclosure,-- (a) total number held in class: 7,774,281 (b) total in class: 155,378,437 (c) total percentage held in class: 5.00% Details of relevant interests Devon Funds Management Limited and Clarity Funds Management Limited are subsidiaries of Investment Services Group Limited. Details for Devon Funds Management Limited Nature of relevant interest(s): Related party of Investment Services Group Limited For that relevant interest,-- Summary for Devon Funds Management Limited (a) total number held in class: 7,774,281 (b) total in class: 155,378,437 (c) total percentage held in class: 5.00% See attached table Details for Clarity Funds Management Limited Nature of relevant interest(s): Related party of Investment Services Group Limited. For that relevant interest,-- Summary for Clarity Funds Management Limited (a) total number held in class: 0 (b) total in class: 0 (c) total percentage held in class: 0% For current holding after ceasing to have substantial holding,- Summary for Investment Services Group Limited (a) total number held in class: 7,674,281 (b) total in class: 155,378,437 (c) total percentage held in class: 4.94% Details of relevant interests Details for Devon Funds Management Limited Nature of relevant interest(s): Related party of Investment Services Group Limited For that relevant interest,-- Summary for Devon Funds Management Limited (a) total number held in class: 7,674,281 (b) total in class: 155,378,437 (c) total percentage held in class: 4.94% See attached table Details for Clarity Funds Management Limited Nature of relevant interest(s): Related party of Investment Services Group Limited. For that relevant interest,-- Summary for Clarity Funds Management Limited (a) total number held in class: 0 (b) total in class: 0 (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: See attached table Additional information Address(es) of substantial product holder(s): Investment Services Group Limited, Level 10, 2 Commerce Street, Auckland 1010 Contact details: John Tampo | P: 09 925 3982 | E: jtampo@devonfunds.co.nz 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: Devon Funds Management Limited Certification I, John Tampo, 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:00329127 For:FRE Type:SHINTR Time:2019-01-04 14:06:51