Mainfreight Limited — Major Shareholding Notification 2019

Dec 23, 2019

Disclosure of beginning to have substantial holding

Section 276, Financial Markets Conduct Act 2013

ToNZX Limited	ToNZX Limited	ToNZX Limited
andToMainfreight Limited (MFT)
Date this disclosure made:23 December 2019
Date on which substantialholding began:19 December 2019
Substantial product holder(s) giving disclosureFull name(s):Harbour Asset Management Limited, Jarden SecuritiesLimited (previously named First NZ Capital SecuritiesLimited) and Jarden Scientific Trading Limited
Summary of substantial holdingClass of quoted votingproducts:Ordinary shares (Shares)
	Summary for:	Harbour Asset Management LimitedJarden Securities LimitedJarden Scientific Trading Limited5,605,185100,698,5485.566%
Forthisdisclosure -	(a) totalnumber heldin class:
	(b) total inclass:
	(c) totalpercentageheld in class:

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Details of Relevant Interests:

Details for:	Details for:	Details for:	Harbour AssetManagement Limited	Harbour AssetManagement Limited	Harbour AssetManagement Limited	Jarden Securities Limited	Jarden Securities Limited	Jarden Securities Limited	Jarden Securities Limited(DIMS)	Jarden Securities Limited(DIMS)	Jarden Securities Limited(DIMS)	Jarden Scientific Trading Limited
Nature ofrelevantinterest(s):			As fund manager, thepower to exercise (orcontrol the exercise of) a			As beneficial owner, throughnormal on-market tradingactivity, with the power to			Jarden Securities Limitedhas, as provider ofdiscretionary investmentmanagement services(DIMS) under variousinvestment managementagreements with clients(the beneficial owners ofthe product), the power toexercise (or control theexercise of) a right to voteattached to, and power toacquire or dispose of (orcontrol the acquisition ordisposal of), the Shares.			Jarden Scientific Trading Limited isboth registered holder andbeneficial owner of derivatives andis treated as having a relevantinterest in the underlying quotedproduct under an equity swapagreement that Jarden ScientificTrading Limited has in place with aPrime Broker.
			right to vote attached to,and power to acquire ordispose of (or control theacquisition or disposal of),			exercise (or control theexercise of) a right to voteattached to, and power toacquire or dispose of (or			managem(DIMS) uninvestmenagreemen
			the Shares, underinvestment powerscontained in investmentmanagement agreementswith clients (the beneficialowners of the product) ormanaged fund trustdeeds.			control the acquisition ordisposal of), the Shares
Number heldclass:		in	4,637,043			326			96	5,580		2,236
Percentage hin class		eld	4.605%			0.00	0%		0.	959%		0.002%
Current			Various no	minees or		Jard	en Securities L	imited &	FN	Z Custodians	Limitedn ofl Services	Unknown
registered hoof financialproducts:		lder	custodiansbehalf of HManagemeunknown	for and onarbour Assetnt Limited&		unk	nown		(aJaLi	s sub-custodiarden Custodiamited)
Registered holderof financial			Various nominees orcustodians for and on			Jarden Securities Limited			FNZ Custodians Limited(as sub-custodian of			Unknown

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products oncetransfer isregistered:	behalf of Harbour AssetManagement Limited		Jarden Custodial ServicesLimited)
Type ofderivative:	N/A	N/A	N/A	Equity Swap
Details ofderivative:	N/A	N/A	N/A	Notional number of underlyingphysical product: 2,236 SharesSettlement: cash-settledMaturity date of the derivative: Nomaturity date, open ended untilunwindExpiry date of the derivative:No expiry date, open ended untilunwindPrice specified in the terms of thederivative:Set at execution price of underlyingphysical product
Parties to thederivative:	N/A	N/A	N/A	Jarden Scientific Trading Limitedand a Prime BrokerISDA 2002 Master Agreement isattached (36 pages)
If the substantialproduct holder isnot a party to the	N/A	N/A	N/A	N/A

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derivative, the nature of the relevant interest in the derivative:

Details of Transactions and Events Giving Rise to Relevant Event:

Details of purchases and sales for each of the above relevant interests during the 4 months from 19 August 2019 to 19 December 2019:

Details for:	Harbour Asset	Jarden Securities Limited	Jarden Custodial Services	Jarden Scientific Trading Limited
	Management Limited		Limited (through sub-
			custodian FNZ Custodians
			Limited)
On-market	150,561	261,146	104,582	Nil
purchases –
number of shares
On-market	$6,028,079	$10,526,438	$4,205,622	N/A
purchases –
Gross
Consideration
On-market sales	256,344	260,049	36,645	Nil
– number of
shares
On-market sales	$10,347,911	$10,502,927	$1,473,457	N/A
– Gross
Consideration

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Additional information

Additional information
Address(es) of substantial	Level 14, 171 Featherston Street, Wellington
product holder(s):
Contact details:	Kate Livingston
	+ 64 9 307 5747
	kate.livingston@jarden.co.nz
Nature of connection	Jarden Securities Limited, Jarden Custodial Services
between substantial product	Limited, Jarden Scientific Trading Limited and Harbour
holders:	Asset Management Limited are related bodies corporate.

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, Kate Livingston, 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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