SPH Notice - Forsyth Barr Group Limited (FBGL)

Please see attached Substantial Product Holder Notice and Block Trade Agreement for Forsyth Barr Group Limited (FBGL) and Forsyth Barr Investment Management Limited (FBIM), a wholly owned subsidiary of FBGL and Forsyth Barr Limited (FBL), a wholly owned subsidiary of FBGL in Sanford Limited (NS) ("SAN").