Serko Limited — Major Shareholding Notification 2018

Jun 26, 2018

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 Serko Limited (SKO)

Relevant event being disclosed: Disclosure of movement of 1% or more in substantial holding

Date of relevant event: 25 June 2018

Date this disclosure made: 26 June 2018

Date last disclosure made: 27 November 2017

Substantial product holder(s) giving disclosure

Full name(s): First NZ Capital Group Limited

Summary of substantial holding

Class of quoted voting products: Ordinary Shares

Summary for First NZ Capital Group Limited

For this disclosure,—

• (a) total number held in class: 5,432,150

• (b) total in class: 74,894,342

• (c) total percentage held in class: 7.253%

For last disclosure, Harbour Asset Management Limited

• (a) total number held in class: 4,611,356

• (b) total in class: 74,894,342

• (c) total percentage held in class: 6.157%

Details of transactions and events giving rise to relevant event

Details of the transactions or other events requiring disclosure: As noted above, on 27 November 2017, Harbour Asset Management Limited disclosed a relevant interest in 4,611,356 (6.157%) SKO ordinary shares.

In the four month period prior to this disclosure date, as part of normal on-market trading activity under discretionary investment mandates, Harbour Asset Management Limited

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purchased 717,656 SKO ordinary shares for total consideration of $1,852,808.40 and sold 169,000 SKO ordinary shares for total consideration of $435,581.90.

In the four month period prior to this disclosure date, as part of normal on-market trading activity, First NZ Capital Securities Limited purchased 413,361 SKO ordinary shares for total consideration of $1,166,670.12 and sold 326,516 SKO ordinary shares for a total consideration of $880,118.26.

Details after relevant event

Details for Harbour Asset Management Limited

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

For that relevant interest,—

• (a) number held in class: 5,156,624

• (b) percentage held in class: 6.885%

• (c) current registered holder(s): 5,156,624 SKO ordinary shares held by various nominee companies on behalf of clients as beneficial owners of Harbour Asset Management Limited funds.

• (d) registered holder(s) once transfers are registered: 5,156,624 SKO ordinary shares held by various nominee companies on behalf of clients as beneficial owners of Harbour Asset Management Limited funds.

Details for: First NZ Capital Securities Limited

Nature of relevant interest(s): Beneficial owner of financial products

For that relevant interest,—

• (a) number held in class: 275,526

• (b) percentage held in class: 0.368%

• (c) current registered holder(s): 275,526 unknown

• (d) registered holder(s) once transfers are registered: First NZ Capital Securities Limited

No relevant agreement needs to be attached under Regulation 139.

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Additional information

Address(es) of substantial product holder(s): Level 14, 171 Featherston Street, Wellington

Contact details: Kate Livingston, + 64 9 307 5747, kate.livingston@fnzc.co.nz

Nature of connection between substantial product holders: First NZ Capital Group Limited, First NZ Capital Securities Limited and Harbour 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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