NPT : SPH Notice – Augusta Capital Limited

April 12, 2017

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest, or both

To NZX Limited
and
To NPT Limited

Sections 277 and 278, Financial Markets Conduct Act 2013
Relevant event being disclosed: Change in nature of relevant interest
Date of relevant event: 12 April 2017
Date this disclosure made: 12 April 2017
Date last disclosure made: 7 April 2017
Substantial product holder(s) giving disclosure
Full name(s): Augusta Capital Limited
Summary of substantial holding
Class of quoted voting products: Ordinary shares (NZX Code: NPT)

Summary for Augusta Capital Limited
For this disclosure,-
(a) total number held in class: 30,528,993
(b) total in class: 161,920,433
(c) total percentage held in class: 18.854%

For last disclosure,-
(a) total number held in class: 30,528,993
(b) total in class: 161,920,433
(c) total percentage held in class: 18.854%

Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: On 7 April 2017 Augusta
Capital Limited acquired beneficial ownership of ordinary shares in NPT Limited through four off-market transactions. Details of those transactions were included in Augusta Capital Limited's substantial product holder notice dated 7 April 2017. The sale and purchase of those shares pursuant to those transactions has now settled and Augusta Capital Limited is now the registered holder and beneficial owner.

Details after relevant event
Details for Augusta Capital Limited
Nature of relevant interest(s): Registered holder and beneficial owner

For that relevant interest,-
(a) number held in class: 30,528,993
(b) percentage held in class: 18.854%
(c) current registered holder(s): Augusta Capital Limited
(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) parties to the derivative: N/A
(d) 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 2, 4 Viaduct Harbour Avenue, Auckland Central, 1010, New Zealand
Contact details: Mark Francis, Managing Director, [phone], zn.oc1492062272.atsu1492062272gua@k1492062272ram1492062272

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: Salt Funds Management Limited

Certification
I, Luke Fitzgibbon, 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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