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SPH Notice - Milford Asset Management Ltd

Substantial Holder Notice22 May 2026FRWIndustrials

100080615/3821102.1
1

Disclosure of beginning to have substantial holding

Section 276, Financial Markets Conduct Act 2013

To New Zealand Stock Exchange

and

To Freightways Group Ltd

Date this disclosure made: 22/05/2026

Date on which substantial holding began: 21/05/2026

Substantial product holder(s) giving disclosure

Full name(s): Milford Asset Management Ltd

Summary of substantial holding

Class of quoted voting products: Ordinary Shares

Summary for Milford Asset Management Ltd

For this disclosure,—

(a) total number held in class: 9,040,414


(b) total in class: 178,995,000

(c) total percentage held in class: 5.051%

Account Custodian Qty/Par %

Milford Trans-Tasman Equity Screened Wholesale Fund Custodian – HSBC 56,254.00 0.031%

Milford NZ Equities Wholesale Fund Custodian – HSBC 2,841,002.00 1.587%

Milford Active Growth Wholesale Fund Custodian – HSBC 5,742,820.00 3.208%

Milford Dynamic Small Companies Fund Custodian – HSBC 400,338.00 0.224%



Details of transactions and events giving rise to substantial holding

On market purchases totalling 252,572 units for total consideration of $3,400,956.12NZD.

On market sells totalling 753,307 units for total consideration of $9,900,641.80 NZD.

Additional information

Address(es) of substantial product holder(s): Milford Asset Management Ltd

Contact details: Level 12, 50 Albert Street, Auckland NZ, 1010

Trades@milfordasset.com +64 9 921 4700


Certification

I, Matthew Thomas, 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.

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.

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