Disclosure of ceasing to have substantial holding
Section 25, Securities Markets Act 1988
To: NZX Limited
And: Rubicon Limited
Date this disclosure made: 23 July 2012
Date last disclosure made: 23 July 2012
Substantial security holder(s) giving disclosure Name(s): Knott Partners
Offshore Master Fund, L.P. Contact details: Alison Chiappone, 00-1-516-364
0303,
AChiappone@knottpartners.com
Date on which substantial security holder(s) ceased to have substantial
holding: 23 July 2012
Summary of previous substantial holding to which disclosure relates
Class of listed voting securities: ordinary share
Summary for Knott Partners Offshore Master Fund, L.P.
For last disclosure,--
(a) total number held in class: 20,018,972
(b) total in class: 379,719,975
(c) total percentage held in class: 5.272%
For current holding after ceasing to have substantial holding:
(a) total number held in class: 18,651,505
(b) total in class: 379,719,975
(c) total percentage held in class: 4.912%
Details of transactions and events giving rise to person ceasing to have
substantial holding
Details of the transactions or other events requiring disclosure under the
instructions to this form: On 23 July 2012, Knott Partners Offshore Master
Fund, L.P. sold 1,367,467 ordinary shares in Rubicon Limited to Knott
Partners, L.P. and Shoshone Partners, L.P., at a price of NZD$0.275 per
share.
092569811/2378085.1 1
Additional information
Nature of connection between substantial security holders: Not applicable.
Address(es) of substantial security holder(s):
Knott Partners
c/- Alison Chiappone 485 Underhill Boulevard Suite 205
Syosset
New York 11791
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: Not applicable.
Declaration
I, David M Knott, 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.
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End CA:00225197 For:RBC Type:SSH Time:2012-07-23 16:46:22