Asset Plus Limited — Major Shareholding Notification 2020

Sep 8, 2020

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 Asset Plus Limited

Relevant event being disclosed:

Date of relevant event: 02 September 2020

Date this disclosure made: 08 September 2020

Date last disclosure made: 22 May 2019

Substantial product holder(s) giving disclosure

Full name(s): Salt Funds Management Limited

Summary of substantial holding

Class of quoted voting products: Asset Plus Limited (APL)

Summary for Salt Funds Management Limited

For this disclosure,—

• (a) total number held in class: 23,812,330

• (b) total in class: 161,920,433

• (c) total percentage held in class: 14.706%

• For last disclosure,—

• (a) total number held in class: 25,644,632

• (b) total in class: 161,920,433

• (c) total percentage held in class: 15.838%

Details of transactions and events giving rise to relevant event

Details of the transactions or other events requiring disclosure:

100080615/3821103.1

Transaction Type	Period	Shares/Units	Consideration
On-market purchases	03/07/20 –18/05/20	+1,903,122	-$1,015,373.38
On-market sales	28/06/20 – 02/09/20	(3,735,424)	$1,835,484.26

Details after relevant event

Details for Salt Funds Management Limited

Nature of relevant interest(s): Investment Manager

For that relevant interest,—

• (a) number held in class: 23,812,330

• (b) percentage held in class: 14,706%

• (c) current registered holder(s):

• (d) registered holder(s) once transfers are registered: See Annexure 1.

Additional information

Address(es) of substantial product holder(s): Level 3, The Imperial Buildings, 44 Queen Street, Auckland 1050

Contact details:

Kate Allen, Telephone: 09 869 2933, Email: kate.allen@saltfunds.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: Not applicable.

Certification

I, Kate Allen, 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.

100080615/3821103.1

ANNEXURE 1

SUBSTANTIAL SECURITY HOLDER NOTICE FROM SALT FUNDS MANAGEMENT LTD

DATED 08 September 2020

Name of type of shares	Name of type of shares	Name of type of shares	Name of type of shares	Asset Plus Limited Ordinary Shares	Asset Plus Limited Ordinary Shares	Asset Plus Limited Ordinary Shares	Asset Plus Limited Ordinary Shares	Asset Plus Limited Ordinary Shares	Asset Plus Limited Ordinary Shares
Percentage held				14.706%
	Reis	ered holder:		Guardia	Nominee	No2 Ltd (	as custodia	for
	g			BT Fund	s Managem	.ent (NZ) Ltd)
	Holdin	g:		19,588,	194 (12.09	7%)
	Regis	ered holder:		NationalInvestm	Nomineesent Funds L	Ltd (as cutd)	stodian for	Salt
	Holdin	g:		3,076,7	99 (1.900%	)
	Regist	ered holder:		TrusteesTGH Equ	Executorsities Ltd)	Limited (a	s custodian	for
	Holdin	g:		462,263	(0.285%)
	Regist	ered holder:		BNP PariAMP Cap	bas Nominital Investo	ees (NZ) Ltdrs (New Zea	(as custodialand) Ltd)	n for
	Holdin	g:		685,074	(0.423%)

100080615/3821103.1