Ann: SSH: AIR: SSH - Her Majesty the Queen in rig

• Release Date: 03/04/14 16:50
• Summary: SSH: AIR: SSH - Her Majesty the Queen in right of New Zealand
• Price Sensitive: No
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					AIR
03/04/2014 14:50
SSH

REL: 1450 HRS Air New Zealand Limited (NS)

SSH: AIR: SSH - Her Majesty the Queen in right of New Zealand

Air New Zealand Limited Template Notice
Disclosure of movement of 1% or more in substantial holding or change in
nature of relevant interest or both
Sections 23 and 24, Securities Markets Act 1988

Relevant event being disclosed:  Disclosure of movement of 1% or more in
substantial holding
Date of relevant event:  31 March 2014
To:  NZX Limited
And:  Air New Zealand Limited (Air NZ)
Date this disclosure made:  3 April 2014
Date last disclosure made:  25 November 2013

Substantial security holder(s) giving disclosure
Name(s):  Her Majesty the Queen in right of New Zealand (the Crown)
Contact Name: C/- The Treasury (Attention:  Chris White)
Contact Number:  +64 4 472 2733
Email: [email protected]

Summary of substantial holding to which disclosure relates
Class of listed voting securities:  Ordinary Shares in Air NZ (Shares)
Summary for:  The Crown
For this disclosure,-
(a) total number held in class: 596,242,383
(b) total in class:  1,105,277,985
(c) total percentage held in class: 53.945%
o Her Majesty the Queen in right of New Zealand acting by and through Her
Minister of Finance (52.734%); and
o Managers for New Zealand Superannuation Fund: Milford Asset Management
(0.206%); AMP Capital Investors (0.499%); Devon Funds Management (0.505%);
State Street (0.002%)
For last disclosure,-
(a) total number held in class: 603,963,211
(b) total in class: 1,098,623,623
(c)  total percentage held in class: 54.975%, held as follows:
o Her Majesty the Queen in right of New Zealand acting by and through Her
Minister of Finance (53.053%); and
o New Zealand Superannuation Fund (0.273%) and, as managers for New Zealand
Superannuation Fund: Milford Asset Management (0.656%); AMP Capital Investors
(0.505%); Devon Funds Management (0.485%); State Street (0.002%)

Details of transactions and events giving rise to relevant event
On 31 March 2014, Milford Asset Management sold 87,765 shares and Devon Funds
Management sold 612,487 shares in their respective capacities as fund
managers appointed by the Guardians of New Zealand Superannuation, the Crown
entity responsible for managing and administering the New Zealand
Superannuation Fund.

Details of relevant interests in substantial holding after relevant events
Details for the Crown
Nature of relevant interest(s):  Registered holder and beneficial owner of
Shares.
For that relevant interest,--
(a) number held in class:  596,242,383
(b) percentage held in class:  53.945%
(c) current registered holder(s) of securities:  Her Majesty the Queen in
Right of New Zealand acting by and through Her Minister of Finance: 52.734%
(d) registered holder(s) of securities once transfers registered:  N/A
Nature of relevant interest(s):  Beneficial owner of Shares managed or
administered by the Guardians of New Zealand Superannuation as manager and
administrator of the New Zealand Superannuation Fund by virtue of the fact
that the New Zealand Superannuation Fund is the property of the Crown
pursuant to the New Zealand Superannuation and Retirement Income Act 2001.
For that relevant interest,--
(a) number held in class:  596,242,383
(b) percentage held in class:  53.945%
(c) current registered holder(s) of securities:  New Zealand Superannuation
Fund Nominees Limited:
o Milford Asset Management (0.206%); AMP Capital Investors (0.499%); Devon
Funds Management (0.505%); State Street (0.002%)
(d) registered holder(s) of securities once transfers registered:  N/A

Additional information
Nature of connection between substantial security holders:  N/A
Address(es) of substantial security holder(s): No 1 The Terrace, Wellington,
New Zealand.

Declaration
I, Chris White, declare 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.
End CA:00249099 For:AIR    Type:SSH        Time:2014-04-03 14:50:28