Ann: SSH: PEB: SSH Notice - ("ACC")

• Release Date: 13/03/12 12:34
• Summary: SSH: PEB: SSH Notice - ("ACC")
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PEB
13/03/2012 10:34
SSH

REL: 1034 HRS Pacific Edge Limited

SSH: PEB: SSH Notice - ("ACC")

Disclosure of ceasing to have substantial holding
Sections 23 and 24, Securities Markets Act 1988

Date of relevant event: 9 March 2012
To: NZX Limited
And:  Pacific Edge Limited
Date this disclosure made: 12 March 2012
Date last disclosure made: 7 September 2011

Substantial security holder(s) giving disclosure

Name(s):  Accident Compensation Corporation ("ACC")
  Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Blair Cooper, Ian Graham

Contact details: Kym Nijsse   +64 4 816 6767  [email protected]

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, Ian Graham

For this disclosure,--

(a) Total number held in class:  13,709,976
(b) Total in class:   274,250,464
(c) Total percentage held in class: 4.999%

For last disclosure,--

(a) Total number held in class:  13,819,976
(b) Total in class:   274,250,464
(c) Total percentage held in class: 5.039%

Details of transactions and events giving rise to relevant event

Details of the transactions or other events requiring disclosure under the
instructions to this form: On sale of 10,000 shares on the 9th March 2012 for
net consideration of $1,898.10.

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:  13,709,976
(b) Percentage held in class:  4.999%
(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: n/a

Details for: Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Blair Cooper,
Ian Graham

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:  13,709,976
(b) Percentage held in class:  4.999%
 (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: n/a

Additional information

Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Blair Cooper, Ian Graham
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, Wellington
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, Kym Nijsse, 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:00220640 For:PEB    Type:SSH        Time:2012-03-13 10:34:36