Sunday, 24 September 2017

Announcement

SSH: XRO: SPH Notice - Andrew Craig Winkler

16 May 2017 09:34NZX
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

Note: This form must be completed in accordance with the instructions at the
end of the form.

To NZX Limited
and
To Xero Limited

Relevant event being disclosed: Movement of 1% or more in substantial
holding.

Date of relevant event: 15 May 2017

Date this disclosure made: 16 May 2017

Date last disclosure made: 26 November 2015

Substantial product holder(s) giving disclosure
Full name(s): Andrew Craig Winkler

Summary of substantial holding
Class of quoted voting products: Fully paid ordinary shares in Xero Limited
(Xero)

Summary for Andrew Craig Winkler

For this disclosure,--
(a) total number held in class: 14,475,990
(b) total in class: 137,761,136
(c) total percentage held in class: 10.508%

For last disclosure,--
(a) total number held in class: 17,475,990
(b) total in class: 136,626,860
(c) total percentage held in class: 12.791%

Details of transactions and events giving rise to relevant event

Details of the transactions or other events requiring disclosure:
On 15 May 2017 Givia Pty Limited entered into a block trade agreement with
First NZ Capital Securities Limited (First NZ) under which Givia Pty Limited
appointed First NZ to manage the sale of 3,000,000 ordinary shares in Xero
Limited held by Givia Pty Limited for an average price of NZ$22.6285 per
share. Pursuant to that agreement, off and on market
sales of 3,000,000 ordinary shares were effected on 15 May 2017, at an
average sale price of NZ$22.6285 for aggregate consideration of NZ$67,885,500
with settlement occurring on
18 May 2017.

Details after relevant event
Details for Givia Pty Limited
Nature of relevant interest(s): legal interest in financial products as
trustee of an Australian charitable trust. The substantial holder is a
director of Givia Pty Limited.

For that relevant interest,--
(a) number held in class: 14,454,545
(b) percentage held in class: 10.492%
(c) current registered holder(s): Givia Pty Limited
(d) registered holder(s) once transfers are registered: N/A

Details for Bangarie Investments Pty Limited
Nature of relevant interest(s): legal and beneficial owner of financial
products
For that relevant interest,--
(a) number held in class: 21,445
(b) percentage held in class: 0.016%
(c) current registered holder(s): Bangarie Investments Pty Limited
(d) registered holder(s) once transfers are registered: N/A

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): c/- Blaze Acumen, 60 City Road
Southbank
VIC 3006 Australia
Contact Name: Paul O''Brien (03) 9694 3000

Disclosure has effect for purposes of directors'' and senior managers''
disclosure Andrew Craig Winkler is also a director of Xero. This disclosure
also constitutes disclosure for the purposes of the directors'' and senior
managers'' disclosure obligations.

Certification
I, Andrew Craig Winkler 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:00301212 For:XRO    Type:SSH        Time:2017-05-16 09:34:22
Views: 154
Xero Limited Ordinary Shares
 28.35 Change:
0.15
0.53%
 
Open:28.35 
High:28.49 
Low:28.10 
Volume:64,925 
Last Traded:22/09/17 16:59:35 
Bid:28.10 
Ask:28.35 
52-Wk High:29.15 
52-Wk Low:16.77