Ann: SSH: MET: SSH - (Accident Compensation Corpo

• Release Date: 21/12/12 18:00
• Summary: SSH: MET: SSH - (Accident Compensation Corporation)
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MET
21/12/2012 16:00
SSH

REL: 1600 HRS Metlifecare Limited

SSH: MET: SSH - (Accident Compensation Corporation)

Disclosure of beginning to have substantial holding

Section 22, Securities Markets Act 1988

To: NZX Limited

And: Metlifecare Limited

Date this disclosure made: 21 December 2012

Substantial security holder(s) giving disclosure

Name(s): Accident Compensation Corporation ("ACC")
Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Blair Cooper.
Contact details: Tim Agar   +64 4 816 7045    [email protected]

Date on which substantial security holder(s) began to have substantial
holding: 20 December 2012

Summary of substantial holding to which disclosure relates
Class of listed voting securities: Ordinary Shares
Summary for: Accident Compensation Corporation ("ACC")
  Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Blair
Cooper.

For this disclosure,--
(a) Total number held in class:  9,252,252
(b) Total in class:    184,455,209
(c) Total percentage held in class:  5.016%

Details of relevant interests in substantial holding after relevant event

Details for: ACC

Nature of relevant interest(s):

Beneficial owner of securities under s 5 (1) (b) of the Securities Markets
Act

No relevant agreement document needs to be attached under regulation 11.

For that relevant interest,--
(a) Number held in class: 9,252,252
(b) Percentage held in class: 5.016%
(c) Current registered holder(s) of securities: ACC via New Zealand
Central Securities Depository Limited (NZCSD)
(d) Registered holder(s) of securities once transfers registered: unknown

Details for: Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Blair
Cooper.

Nature of relevant interest(s):
Qualified powers to exercise control of rights to vote and of acquisition or
disposal of some or all of the securities, of which the Accident Compensation
Corporation ("ACC") is the beneficial owner under s 5(1)(c)and 5 (1)(d) of
the Securities Markets Act. Further to regulation 11(2)(b), the material
terms of this arrangement are that powers are subject to ACC investment
policies and the decisions of the ACC Investment Committee.

For that relevant interest,
(a) Number held in class: 9,252,252
(b) Percentage held in class: 5.016%
(c) Current registered holder(s) of securities: held by ACC via New
Zealand Central Securities Depository Limited (NZCSD)
(d) Registered holder(s) of securities once transfers registered: unknown

Details of transactions and events giving rise to person beginning to have
substantial holding

Details of the transactions or other events requiring disclosure under the
instructions to this form:

Purchase of 50,000 shares for net consideration of NZD $153,960.50 on 20th
December 2012.

Additional information

Nicholas Bagnall, Blair Tallott, Paul Robertshawe and Blair Cooper are
employees and portfolio managers or equity analysts for ACC. Under current
ACC investment policies, they have the discretion to exercise control over
some or all the rights to vote and acquisition or disposal of some or all of
the securities of which ACC is the beneficial owner

Address(es) of substantial security holder(s): ACC : Vogel Centre, 19 Aitken
Street, PO Box 242, Wellington, NZ

Name of any other person believed to have given, or believed to be required
to give, a disclosure under the Act in relation to the securities to which
this disclosure relates: n/a

Declaration

I, Tim Agar, 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:00231584 For:MET    Type:SSH        Time:2012-12-21 16:00:36