Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To NZX Limited
and
To Tenon Ltd.
Date this disclosure made: July 12, 2017
Date last disclosure made: December 22, 2016
Date on which substantial holding ceased: July 12, 2017
Substantial product holder(s) giving disclosure
Full name(s): Third Avenue Management LLC
Summary of previous substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Third Avenue Management LLC
For last disclosure,--
(a) total number held in class: 3,055,127
(b) total in class: 32,407,470
(c) total percentage held in class: 9.43%
For current holding after ceasing to have substantial holding,--
(a) total number held in class: 0
(b) total in class: 16,204,517
(c) total percentage held in class: 0%
Details of transactions and events giving rise to ceasing of substantial
holding
Details of the transactions or other events requiring disclosure: The change
in percentage held was due to transactions initiated by TAM.
Additional information
Address(es) of substantial product holder(s):
Third Avenue Management LLC
622 Third Avenue, 32nd Floor, New York NY 10017
Contact Details:
W. James Hall, Phone: 212-888-5222, Email: jhall@thirdave.com
Andrea D''Amore, Phone 212-888-5222, Email: adamore@thirdave.com
Certification
I, W. James Hall, 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:00303974 For:TEN Type:SHINTR Time:2017-07-13 08:30:12