SPH Notice – Harbour Asset Management Limited

100080615/3821107.1 1
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013

To NZX Limited
and
To Summerset Group Holdings Limited (SUM)
Date this disclosure made: 20 December 2021
Date last disclosure made: 15 July 2021
Date on which substantial
holding ceased:
17 December 2021

Substantial product holder(s) giving disclosure
Full name(s): Harbour Asset Management Limited.

Also includes details of related body corporate:
Jarden Securities Limited



Summary of substantial holding:
Harbour Asset Management Limited:

Class of quoted voting products:
Ordinary Shares (Shares)
Summary for: Harbour Asset Management Limited
For last disclosure (a) total number held in class: 13,213,002
(b) total in class: 229,401,531
(c) total percentage held in
class:
5.760%
For current holding
after ceasing to
have a substantial
holding
(a) total number held in class: 11,488,691
(b) total in class: 230,215,366
(c) total percentage held in
class:
4.990%

100080615/3821107.1 2


Summary of substantial holding:
Related Body Corporate - Jarden Securities Limited:

Class of quoted voting products:
Ordinary Shares (Shares)
Summary for: Jarden Securities Limited
(includes Jarden Securities Limited DIMS
service holdings)
For last disclosure (a) total number held in class: 3,323,790
(b) total in class: 229,401,531
(c) total percentage held in
class:
1.449%
For current holding
after ceasing to
have a substantial
holding
(a) total number held in class: 4,132,021
(b) total in class: 230,215,366
(c) total percentage held in
class:
1.795%



Summary of substantial holding:
All Related Bodies Corporate:

Class of quoted voting products:
Ordinary Shares (Shares)
Summary for: Harbour Asset Management Limited and
Jarden Securities Limited
For last disclosure (a) total number held in class: 16,536,792
(b) total in class: 229,401,531
(c) total percentage held in
class:
7.209%
For current holding
after ceasing to
have a substantial
holding
(a) total number held in class: 15,620,712
(b) total in class: 230,215,366
(c) total percentage held in
class:
6.785%

100080615/3821107.1 3
Details of transactions and events giving rise to ceasing of substantial holding:
The transactions giving rise to this disclosure obligation are a result of on-market purchases and sales of Shares by and the issue of Shares
through dividend reinvestment to Harbour Asset Management Limited, since the last relevant event on 12 July 2021, as summarised in the
table below. Also summarised in the table below are movements in Shares of related body corporate Jarden Securities Limited over the same
period including on-market purchases and sales, net transfers into DIMS service, the issue of Shares through dividend reinvestment and net
in-specie transfers out re basket creations/redemptions of Shares.
Details for: Harbour Asset Management
Limited
Jarden Securities Limited (DIMS) Jarden Securities Limited
Nature of relevant interest(s):
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.
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
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), the Shares, and as borrower of
the Shares for the relevant quantity
shown below.
On-market purchases –number
of shares
1,118,818 714,346 822,580
On-market purchases – Gross
Consideration
$15,470,036 $10,061,598 $11,227,924
On-market sales – number of
shares
2,927,334 163,007 662,516
On-market sales –Gross
Consideration
$41,172,991 $2,314,232 $9,158,387
Transfers into DIMS service N/A 153,136 N/A
DRP Shares issued on 20/9/21
at $14.7566
84,205 1,077 N/A

Net in-specie transfers out, re
basket creations/redemptions
N/A N/A 57,385

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Additional information:

Address(es) of substantial
product holder(s):
Level 14, 171 Featherston Street, Wellington
Contact details: Shane Willett
+ 64 4 4965 334
shane.willett@jarden.co.nz
Nature of connection
between substantial product
holders:
N/A

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.