Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To NZX Limited
and
To Mercer Group Limited ("MGL")
Date this disclosure made: 2 September 2016
Date last disclosure made: 1 November 2013
Date on which substantial holding ceased: 2 September 2016
Substantial product holder(s) giving disclosure
Full name(s): Murray Capital Rakaia Fund Limited Partnership ("Rakaia Fund")
Summary of previous substantial holding
Class of quoted voting products: Ordinary shares in Mercer Group Limited (NZX
Code: MGL)
Summary for Rakaia Fund
For last disclosure,--
(a) total number held in class: 100,000,000
(b) total in class: 274,067,249
(c) total percentage held in class: 36.487%
For current holding after ceasing to have substantial holding,--
(a) total number held in class: 6,633,493
(b) total in class: 311,970,445
(c) total percentage held in class: 2.126%
Details of transactions and events giving rise to ceasing of substantial
holding
Details of the transactions or other events requiring disclosure: On 2
September 2016, Rakaia Fund made an in specie distribution of 93,366,507
shares in Mercer Group Limited to certain of the Limited Partners of the
Rakaia Fund for nil consideration. Details of the distribution to the
Limited Partners are set out in the Schedule to this notice.
Additional information
Address(es) of substantial product holder(s): PO Box 25359, Christchurch 8144
Contact details: Chris Milne (021 798 954) chris.milne@murrays.co.nz
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: None
Certification
I, Christopher David Milne, 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:00288409 For:MGL Type:SSH Time:2016-09-02 17:10:57