SPH Notice - Spheria Asset Management Pty Ltd

1
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 Ltd
and
To NZX Ltd
Relevant event being disclosed: a movement of 1% or more in substantial holding
Date of relevant event: 03/10/2025
Date this disclosure made: 07/10/2025
Date last disclosure made: 25/02/2025
Substantial product holder(s) givi ng disclosure
Full name(s): Spheria Asset Management Pty Ltd
Summary of s ubstantial holding
Class of quoted voting products: Ordinary shares
Summary for Spheria Asset Management Pty Ltd
For this disclosure,—
(
a)total number held in class: 20,362,525
(b)total in class: 328,535,448
(c)total percentage held in class: 6.198%
For last disclosure,—
(a)total number held in class: 16,599,415
(b)total in class: 327,022,314
(c)total percentage held in class: 5.076%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: Refer to Annexure A
Details after relevant event
Details for Sp heria Asset Management Pty Ltd
Nature of relevant interest(s): Spheria Asset Management Pty Ltd in its capacity as
investment manager has the power to control voting and/or disposal of securities. No
relevant agreement document needs to be attached under regulation 139 due to
investment management contract exemption under regulation 142.

2
For that relevant interest,—
(a) number held in class: 20,362,525
(b) percentage held in class: 6.198%
(c) current registered holder(s):
Holder of relevant
interest
Registered holder
of securities
Person entitled to be
registered as holder
Number of
securities
Class of
securities
Spheria Asset
Management
Citicorp Nominees
Pty Ltd
Citicorp Nominees Pty Ltd 13,026,613
Ordinary fully
paid
Spheria Asset
Management
Northern Trust Northern Trust 7,335,912
Ordinary fully
paid

(d) registered holder(s) once transfers are registered: n/a
For a derivative relevant interest, also—
(a) type of derivative: n/a
(b) details of derivative: n/a
(c) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: n/a
Additional information
Address(es) of substantial product holder(s): Level 19, 307 Queen St, Brisbane QLD 4000,
Australia
Contact details: Matthew Booker, +61 2 8089 3202, matthew.booker@spheria.com.au
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: n/a
Certification
I, Matthew Booker, 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.

NZX Ltd
Annexure A
Date of
change
Person whose
relevant interest
Nature of
change
Class of Securities Number of
securities
Person's votes
affected
CashNon-cash
24/02/2025Spheria Asset
Management
Purchase130,875.28$ ORDINARY FULLY
PAID
79,802 79,802
25/03/2025As abovePurchase
349,397.31$
ORDINARY FULLY
PAID
225,957 225,957
25/03/2025As aboveSale349,397.31-$ ORDINARY FULLY
PAID
225,957- 225,957-
09/04/2025As abovePurchase537,293.82$ ORDINARY FULLY
PAID
365,506 365,506
11/04/2025As abovePurchase
696,281.33$
ORDINARY FULLY
PAID
475,158 475,158
16/04/2025As abovePurchase1,129,957.45$ ORDINARY FULLY
PAID
779,281 779,281
18/07/2025As abovePurchase426,841.20$ ORDINARY FULLY
PAID
278,000 278,000
22/07/2025As above
Purchase202,144.80$
ORDINARY FULLY
PAID
129,580 129,580
23/07/2025As abovePurchase
244,205.43$
ORDINARY FULLY
PAID
155,783 155,783
26/08/2025As abovePurchase1,400,000.00$ ORDINARY FULLY
PAID
1,000,000 1,000,000
03/10/2025As abovePurchase700,000.00$ ORDINARY FULLY
PAID
500,000 500,000
Matthew Booker
Director
Date: 07/10/2025
Consideration