Ann: SSH: KMD: SSH Notice - Milford Asset Management Limited

• Release Date: 12/12/14 15:36
• Summary: SSH: KMD: SSH Notice - Milford Asset Management Limited
• Price Sensitive: No
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					KMD
12/12/2014 15:36
SSH
NOT PRICE SENSITIVE
REL: 1536 HRS Kathmandu Holdings Limited

SSH: KMD: SSH Notice - Milford Asset Management Limited

Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
Note: This form must be completed in accordance with the instructions at the
end of the form.
To: The New Zealand Stock Exchange
and
To: Kathmandu Holdings Limited
Date this disclosure made: 12.12.14
Date last disclosure made: 25.11.14
Date on which substantial holding ceased: 04.12.14
Substantial product holder(s) giving disclosure
Full name(s): Milford Asset Management Limited
Summary of previous substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Milford Asset Management Limited
For last disclosure,--
(a) total number held in class: 10,120,418
(b) total in class:  201,318,944
(c) total percentage held in class: 5.03% (note, relevant interests held by
the manager as follows):
Milford Active Growth Wholesale Fund (0.46%), (Custodian - TEA Custodians),
Milford Dynamic Wholesale Fund (0.75%), (Custodian - TEA Custodians),
Mercer Trans-Tasman Shares Trust (0.60%), (Custodian - BNP Paribas Securities
Limited),
NZ Equities Wholesale Fund (1.63%), (Custodian - TEA Custodians),
Waikato Community Trust (0.12%), (Custodian - TEA Custodians),
Milford Income Wholesale Fund (0.04%), (Custodian - TEA Custodians),
New Zealand Superannuation Fund (1.43%), (Custodian - New Zealand
Superannuation Fund Nominees Limited).

For current holding after ceasing to have substantial holding,--
(a) total number held in class: 9,620,418
(b) total in class: 201,318,944
(c) total percentage held in class: 4.78% (note, relevant interests held
by the manager as follows):
Milford Active Growth Wholesale Fund (0.21%), (Custodian - NNL Custodians),
Milford Dynamic Wholesale Fund (0.75%), (Custodian - NNL Custodians),
Mercer Trans-Tasman Shares Trust (0.60%), (Custodian - BNP Paribas Securities
Limited),
NZ Equities Wholesale Fund (1.63%), (Custodian - NNL Custodians),
Waikato Community Trust (0.12%), (Custodian - NNL Custodians),
Milford Income Wholesale Fund (0.04%), (Custodian - NNL Custodians),
New Zealand Superannuation Fund (1.43%), (Custodian - New Zealand
Superannuation Fund Nominees Limited).

Details of transactions and events giving rise to ceasing of substantial
holding
Details of the transactions or other events requiring disclosure:
The sale of 500,000 ordinary shares through an on market transaction with UBS
Limited, settling on the 9th of December. Each share was purchased for the
price of $3.03 per share.

Additional information
Address(es) of substantial product holder(s): Level 17, 41 Shortland Street,
Auckland 1140, New Zealand
Contact details: Mark Ryland, Risk and Compliance Manager, contact: (09) 921
4746
E-mail: [email protected]

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, Mark Ryland 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.

Instructions
General directions on how to use this form
To use this form,--
-replace the text in [square brackets] with the relevant information or with
"not applicable"; and
-type the information required (it must not be handwritten); and
-remove italicised instructions; and
-attach the relevant agreement documents required by regulation 139 (if any).

You need not set out the disclosure in the same format as this form, but the
format you use must--
-use a font and font size that are easily readable; and
-include the same headings and words as this form (other than the italicised
instructions); and
-present the information in the same order as in this form; and
-not be misleading in any way.
In this form, a reference to a substantial product holder includes a
reference to a person who has ceased to have a substantial holding.
If you had a substantial holding in more than 1 class of quoted voting
products of a listed issuer, you must make a separate disclosure for each
substantial holding.
Disclosure to the licensed market operator using this form must be sent (if
reasonably possible) by email in the electronic format required by the
operator for dissemination, or otherwise by email in another electronic
format, by another electronic method consented to by the operator, or (if
none of these is reasonably possible) by delivery.
Disclosure to the listed issuer using this form must be sent by email or
another electronic method consented to by the issuer or by delivery.
Specific instructions on disclosure required by form
The date last disclosure made is the date on which the last disclosure was
given to the licensed market operator and listed issuer for the same
substantial holding.
Substantial product holder(s) giving disclosure
You may give 1 disclosure for 2 or more substantial product holders if--
-they have a similar or related substantial holding in the same listed
issuer; and
-they are disclosing the same type of event disclosure; and
-they are associates under section 12(1) of the Financial Markets Conduct Act
2013 or connected in the ways set out in section 237(a) to (e) of that Act
(and this association or connection is set out in this form under the heading
"Additional information"); and
-it is clear which information relates to which substantial product holder(s)
in the disclosure, and the disclosure is not confusing in any other way as a
consequence.
Summary of previous substantial holding
Under this heading, state the name(s) of the substantial product holder(s) to
which the summary relates.  Separate summaries should be given (repeated
within this form or attached to this form) for each substantial product
holder for whom the information differs.
For the last disclosure,--
-the total number held in class is the total number of quoted voting
products, in the class, in which the named substantial product holder had a
relevant interest at the time of the relevant event for the last disclosure
(see the date given for the relevant event in default form 1 or for the
relevant event in default form 2, whichever form was used for the last
disclosure):
-the total in class is the total number of quoted voting products in the
class stated in the last disclosure, unless you know that number was
incorrect:
-the total percentage held in class is the total number held in class divided
by the total in class multiplied by 100 (rounded to 3 decimal places).
For current holding after ceasing to have substantial holding,--
-the total number held in class is the total number of quoted voting
products, in the class, in which the named financial product holder had a
relevant interest immediately after ceasing to have a substantial holding:
-the total in class is the total number of quoted voting products in the
class stated immediately after the named financial product holder ceases to
have a substantial holding:
-the total percentage held in class is the total number held in class divided
by the total in class multiplied by 100 (rounded to 3 decimal places).
If the person has a relevant interest in a derivative where the underlying is
a quoted voting product of a listed issuer, the person is treated as having a
relevant interest in a number of those products that is calculated under
regulation 132.  Accordingly, the total number held in class (for the last
disclosure or the current holding after ceasing to have a substantial holding
or both, as the case may be) must include this number of products.
Details of transactions and events giving rise to ceasing of substantial
holding
Disclosure is required for the transactions or events as a result of which
(together or alone) the person ceased to have the substantial holding.
For each of those transactions or events, or for on market trades that may be
aggregated under these instructions, insert the following details as a
narrative or list, clearly indicating which relevant interest or interests
were affected and (if disclosure is given for more than 1 substantial product
holder) who was the substantial product holder:
-the date of the transaction or event (or the date of the beginning and end
of the period of aggregated on market trades):
-the nature of the transaction or event.  This is the means by which the
relevant interest was acquired, disposed of, or changed in nature (for
example, "exercise of options", "entry into pre bid agreement"):
-the name of any other party or parties to the transaction or event (if known
and if not an on market trade):
-the consideration, expressed in New Zealand dollars, received for the
disposal of the relevant interest (or the total consideration received for
aggregated on market trades).  If the consideration was not in cash, and
cannot readily be converted into a cash value, describe that consideration:
-the number of financial products to which the transaction or event related
(or the total number of financial products to which the aggregated on market
trades related).
On market trades may be aggregated for the purposes of this disclosure (but
acquisitions and dispositions must be separately aggregated).
An on market trade is an acquisition or a disposition of a quoted voting
product that is traded on, or reported through, the trading system operated
by the licensed market operator or a financial product market in a
jurisdiction set out in Schedule 15.
Additional information
The disclosure relating to the nature of connection between substantial
product holders is the justification for giving the disclosure for more than
1 holder (if 1 disclosure is made for 2 or more holders).
Certification
Under section 512 of the Financial Markets Conduct Act 2013, it is an offence
if a person makes, or authorises the making of, a materially false or
misleading statement in this form knowing it to be false or misleading.
End CA:00258864 For:KMD    Type:SSH        Time:2014-12-12 15:36:17