Sunday, 17 February 2019


SHINTR: TIL: SPH Notice - Grandeur Peak Global Advisors, LLC

20 Dec 2017 12:27NZX
Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both
Sections 277 and 278, Financial Markets Conduct Act 2013

To New Zealand Stock Exchange
To Trilogy International Ltd
Relevant event being disclosed: a movement of 1% or more in the substantial

Date of relevant event: 18.12.2017

Date this disclosure made: 19.12.2017

Date last disclosure made: 14.06.2017

Substantial product holder(s) giving disclosure
Full name(s): Grandeur Peak Global Advisors, LLC

Summary of substantial holding
Class of quoted voting products: Ordinary shares. SEDOL: B3TPLS1

Summary for Grandeur Peak Global Advisors, LLC
For this disclosure,--
(a) total number held in class: 3,461,355
(b) total in class: 72,766,907
(c) total percentage held in class: 4.757%

For last disclosure,--
(a) total number held in class: 4,621,940
(b) total in class: 72,709,130
(c) total percentage held in class: 6.357%

Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:
Grandeur Peak Global Advisors, LLC undertook the attached market transactions

Details after relevant event
Details for Grandeur Peak Global Advisors, LLC
Nature of relevant interest(s): Registered holder and beneficial owner of
financial products
FIT-Grandeur Peak Global Opportunities Fund (1.94% or 1,411,798 shares)
Grandeur Peak Global Opportunities, L.P. (0.66% or 478,472 shares)
FIT-Grandeur Peak International Opportunities Fund (2.16% or 1,571,085
FIT-Grandeur Peak Global Reach Fund (0% or 0 shares)
FIT-Grandeur Peak Global Micro Cap Fund (0% or 0 shares)

Total shares across all funds (as of December 18, 2017): 3,461,355 shares

(FIT = Financial Investors Trust. FIT is the umbrella trust of the Grandeur
Peak mutual funds, which are managed by Grandeur Peak Global Advisors, LLC,
with Brown Brothers Harriman as primary custodian and HSBC as local agent)

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): 136 S. Main Street, Suite 720,
Salt Lake City, UT 84101, United States
Contact details: Amy Hone, Vice President, Compliance & Operations
Phone: 801.384.0007

I, Amy Hone, 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.
End CA:00312238 For:TIL    Type:SHINTR     Time:2017-12-20 12:27:55
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Trilogy International
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