Disclosure of movement of 1°/o 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

and

To SeaDragon Limited

Relevant event being disclosed: Movement of 1% or more Date of relevant event: 17 October 2016

Date this disclosure made: 17 October 2016 Date last disclosure made: 8 October 2015

Substantial product holder(s) giving disclosure

Full name(s): One Funds Management Ltd as trustee for Asia Pacific Healthcare Fund II.

Summary of substantial holding

Class of quoted voting products: Ordinary shares (SEA)

Summary for One Funds Management Ltd as trustee for Asia Pacific Healthcare Fund II For this disclosure, -

  1. total number held in class: 735,264,802

  2. total in class: 4,513,618,718

  3. total percentage held in class: 16.290% For last disclosure, -

  1. total number held in class: 735,264,802

  2. total in class: 3,128,046,711

  3. total percentage held in class: 23.506%

Details of transactions and events giving rise to relevant event

Details of the transactions or other events requiring disclosure: On 17 October 2016 SeaDragon Limited announced that it had issued 1,367,304,341 shares as a consequence of the exercise of rights under the 1for 2 pro-rata renounceable rights offer and shortfall bookbuild. One Funds Management Ltd as trustee for Asia Pacific Healthcare Fund II holding did not exercise their rights nor did they participate in the shortfall bookbuild,

which has resulted in decreased percent holding following the issue of new ordinary shares.

100080615/3821103.1

Details after relevant event

Details for One Funds Management Ltd as trustee for Asia Pacific Healthcare Fund IL

Nature of relevant interest(s): Beneficial owner of ordinary shares. For that relevant interest,-

  1. number held in class: 735,264,802

  2. percentage held in class: 16.290%

  3. current registered holder(s): No change since last disclosure.

  4. registered holder(s) once transfers are registered: New Zealand Central Securities Depository Limited, for One Funds Management Ltd as trustee for Asia Pacific Healthcare Fund II.

Additional information

Address(es) of substantial product holder(s): PO Box R1471, Royal Exchange NSW 1225.

Contact details: Justin Epstein, mobile (02) 8277 0010, justin.epstein@oneinvestment.com.au

Matt McNamara is also a director of SeaDragon Limited. This disclosure also constitutes disclosure for the purposes of the directors' and senior managers' disclosure obligations.

Certification

I, Justin Epstein, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that Iam duly authorised to make this disclosure by all persons for whom it is made.

I

Date: 19/ 10/16

100080615/3821103.1

SeaDragon Limited published this content on 19 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 October 2016 20:22:05 UTC.

Original documenthttp://www.seadragon.co.nz/link/214

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