Mainfreight Limited — Major Shareholding Notification 2017

May 10, 2017

Disclosure of beginning 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 Limited
and
To	Mainfreight Limited (MFT)
Date this disclosure made:	10 May 2017
Date on which substantial	9 May 2017
holding began:

Substantial product holder(s) giving disclosure

Substantial product holder(s) giving disclosure	Substantial product holder(s) giving disclosure	Substantial product holder(s) giving disclosure
Full name(s): Harbour Asset Management Limited
Summary of substantial holding Class of quoted voting products: Ordinary shares
	Summary for:	Harbour Asset Management Limited 5,056,395 100,698,548 5.021%
Forthis disclosure -	(a) total number held in class:
	(b) total in class:
	(c) total percentage held in class:

Details of relevant interests

Details for:	Harbour Asset Management Limited
Nature of relevant interest(s):	As fund manager, the power to exercise a right to vote attached to, and power to acquire or dispose of, the products, under powers of investment contained in investment management contracts with clients (the beneficial owners of the products).

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For that relevant interest -	number held in class: 5,056,395
	percentage held in class: 5.021%
	registered holder of financial products once transfer is registered: 5,056,395 - Various nominee companies on behalf of clients as beneficial owners.

Details of transactions and events giving rise to relevant event

Details of the transactions	On 6 October 2016, Harbour Asset Management filed the
or other events requiring	last disclosure. Since then, in the ordinary course of
disclosure:	business, Harbour Asset Management Limited have
	purchased 645,602 MFT shares (for total consideration of
	$13,576,448.82) and sold 601,842 MFT shares (for total
	consideration of 11,840,560.19) on behalf of clients as
	beneficial owners, taking its total holdings in MFT on
	behalf of clients as beneficial owners to 5.021%.

Additional information

Additional information
Address(es) of substantial	Level 16, 171 Featherston Street, Wellington
product holder(s):
Contact details:	Helen Stevens, + 64 4 474 4430,
	helen.stevens@fnzc.co.nz
Nature of connection	N/A
between substantial product
holders:

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, Helen Stevens, 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.

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