Disclosure of ceasing to have substantial holding
Section 25, Securities Markets Act 1988
To: NZX
And: Freightways Ltd
Date this disclosure made: 10 / 03 / 2010
Date last disclosure made: 21 / 01 / 2010
Substantial security holder(s) giving disclosure
Name(s): Accident Compensation Corporation
Contact details: Kym Nijsse Phone: +64 4 918 7067 Email:
kym.nijsse@acc.co.nz
Date on which substantial security holder(s) ceased to have substantial
holding: 09 / 03 / 2010
Summary of previous substantial holding to which disclosure relates
Class of listed voting securities: Ordinary shares
Summary for: Accident Compensation Corporation
For last disclosure - as at 20 / 01 / 2010
(a) Total number held in class: 8,290,915
(b) Total in class: 153,592,160
(c) Total percentage held in class: 5.40 %
For current holding after ceasing to have substantial holding:
(a) Total number held in class: 7,634,890
(b) Total in class: 153,592,160
(c) Total percentage held in class: 4.97 %
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-market sales on 9th March 2010 50,000 for total consideration of
$154,380,.00.
Additional information
Nature of connection between substantial security holders: Accident
Compensation Corporation
Address(es) of substantial security holder(s): 81-83 Molesworth 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:00192321 For:FRE Type:SSH Time:2010-03-10:15:45:55