Mainfreight Limited — Major Shareholding Notification 2021

Sep 21, 2021

Disclosure of ceasing to have substantial holding

Section 279, Financial Markets Conduct Act 2013

To	NZX Limited
and
To	Mainfreight Limited (MFT)
Date this disclosure made:	22 September 2021
Date last disclosure made:	23 December 2019
Date on which substantial	20 September 2021
holding ceased:

Substantial product holder(s) giving disclosure

Full name(s): Harbour Asset Management Limited, Jarden Securities Limited and Jarden Scientific Trading Limited

Summary of substantial holding

Harbour Asset Management Limited:

Class of quoted voting products: Ordinary shares (Shares)	Class of quoted voting products: Ordinary shares (Shares)	Class of quoted voting products: Ordinary shares (Shares)
		Harbour Asset Management Limited
Summary for:
		4,637,043
Forlast disclosure -	(a) total number held in class:
		100,698,548
	(b) total in class:
		4.605%
	(c) total percentage held in class:
		3,531,059
For current holdingafter ceasing to have a	(a) total number held in class:
		100,698,548
	(b) total in class:
		3.507%
substantial holding -	(c) total percentage held in class:

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Summary of substantial holding

Jarden Securities Limited:

Class of quoted voting products: Ordinary shares (Shares)	Class of quoted voting products: Ordinary shares (Shares)	Class of quoted voting products: Ordinary shares (Shares)
		Jarden Securities Limited
Summary for:
		965,906
Forlast disclosure -	(a) total number held in class:
		100,698,548
	(b) total in class:
		0.959%
	(c) total percentage held in class:
		1,449,508
For current holdingafter ceasing to have a substantial	(a) total number held in class:
		100,698,548
	(b) total in class:
		1.439%
holding -	(c) total percentage held in class:

Summary of substantial holding

Jarden Scientific Trading Limited:

Class of quoted voting products: Ordinary shares (Shares)	Class of quoted voting products: Ordinary shares (Shares)	Class of quoted voting products: Ordinary shares (Shares)
		Jarden Scientific Trading Limited
Summary for:
		2,236
Forlast disclosure -	(a) total number held in class:
		100,698,548
	(b) total in class:
		0.002%
	(c) total percentage held in class:
		Nil
For current holdingafter ceasing to have a substantial	(a) total number held in class:
		100,698,548
	(b) total in class:
		Nil
holding -	(c) total percentage held in class:

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Summary of substantial holding

Including All Related Bodies Corporate:

Class of quoted voting products: Ordinary shares (Shares)	Class of quoted voting products: Ordinary shares (Shares)	Class of quoted voting products: Ordinary shares (Shares)
		Harbour Asset Management Limited, Jarden Securities Limited, and Jarden Scientific Trading Limited
Summary for:
		5,605,185
Forlastdisclosure -	(a) total number held in class:
		100,698,548
	(b) total in class:
		5.566%
	(c) total percentage held in class:
		4,980,567
For current holding afterceasing to have a substantial holding -	(a) total number held in class:
		100,698,548
	(b) total in class:
		4.946%
	(c) total percentage held in class:

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Details of transactions and events giving rise to ceasing of substantial holding:

Details of on-market purchases, on-market sales, transfers into DIMS Service, net in-specie transfers out re basket creations/redemptions, in-specie transfers to new fund managers and net decrease in exposure to MFT underlying equity of related bodies corporate, since the last relevant event on 19 December 2019, as summarised in the table below:

Details for:	Harbour Asset Management Limited	Jarden Securities Limited	Jarden Securities Limited (DIMS)	Jarden Scientific Trading Limited
Nature of relevant interest(s):	Harbour Asset Management Limited has, as fund manager, the power to exercise (or control the exercise of) a right to vote attached to, and power to acquire or dispose of (or control the acquisition or disposal of), the Shares, under investment powers contained in investment management agreements with clients (the beneficial owners of the product) or managed fund trust deeds.	As beneficial owner, through normal on-market trading activity, with the power to exercise (or control the exercise of) a right to vote attached to, and power to acquire or dispose of (or control the acquisition or disposal of), or borrow the Shares.	Jarden Securities Limited has, as provider of discretionary investment management services (DIMS) under various investment management agreements with clients (the beneficial owners of the product), the power to exercise (or control the exercise of) a right to vote attached to, and power to acquire or dispose of (or control the acquisition or disposal of), the Shares.	Jarden Scientific Trading Limited is both registered holder and beneficial owner of derivatives and is treated as having a relevant interest in the underlying quoted product under an equity swap agreement that Jarden Scientific Trading Limited has in place with a Prime Broker.
On-market purchases – Number of Shares	1,450,273	1,374,841	537,785	N/A
On-market purchases – Gross Consideration	$77,370,911	$80,786,047	$29,762,663	N/A
On-market sales – Number of Shares	2,226,260	1,292,398	328,662	N/A
On-market sales – Gross Consideration	$132,456,707	$76,408,157	$22,358,970	N/A
Net transfers in to DIMS Service	N/A	N/A	272,230	N/A
Net in-specie transfers out, re basket creations/redemptions	N/A	80,194	N/A	N/A
In-specie transfers to new fund managers	329,997	N/A	N/A	N/A
Net decrease in exposure to MFT underlying equity	N/A	N/A	N/A	2,236

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Additional information

Address(es) of substantial	Level 14, 171 Featherston Street, Wellington
product holder(s):
Contact details:	Shane Willett
	+ 64 4 496 5334
	shane.willett@jarden.co.nz
Nature of connection between	Harbour Asset Management Limited, Jarden Scientific
substantial product holders:	Trading Limited and Jarden Securities 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, Shane Willett, 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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