SPH Notice – Commonwealth Bank of Australia

100080615/3821107.1 1

Disclosure of ceasing to have substantial holding

Section 279, Financial Markets Conduct Act 2013





To NZX LIMITED
and
To SKY NETWORK TELEVISION LIMITED

Date this disclosure made: 13-Dec-2017
Date last disclosure made: 25-Oct-2017
Date on which substantial holding ceased: 12-Dec-2017



Substantial product holder(s) giving disclosure
Full name(s):
Commonwealth Bank of Australia

Summary of previous substantial holding
Class of quoted voting products: Ordinary shares

Summary for Commonwealth Bank of Australia

For last disclosure,—

(a) total number held in class:



19,473,135
(b) total in class:

389,139,785
(c) total percentage held in class: 5.004%

For current holding after ceasing to have substantial holding,—
(a) total number held in class: 18,900,389
(b) total in class:

389,139,785
(c) total percentage held in class: 4.857%
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure:


See Appendix A



Additional information
Address(es) of substantial product holder(s):
*
ASB Bank Limited ACN 398445, Level 2, ASB North Wharf, 12 Jellicoe Street, Auckland, 1010 , New Zealand
*
Commonwealth Bank Officers Superannuation Corporation Pty Limited ACN 074 519 798, Level 11 Tower 1, 201 Sussex St
Sydney NSW
2001
*
Colonial First State Asset Management (Australia) Limited ACN 114 194 311, Ground Floor Tower 1, 201 Sussex
Street, Sydney, NSW, 2000, Australia
*
Colonial First State Investments Limited ACN 002 348 352, Ground Floor Tower 1, 201 Sussex Street, Sydney, NSW, 2000,
Australia
*
Realindex Investments Pty Limited ACN 133 312 017, Ground Floor Tower 1, 201 Sussex Street, Sydney, NSW, 2000, Australia
*
Commonwealth Bank of Australia, Ground Floor Tower 1, 201 Sussex Street, Sydney, NSW, 2000,
Australia Contact details:
Anitha Subramanian +61
457 529 297
, AUSR_SM02041@cba.com.au

Nature of connection between substantial product holders:
Commonwealth Bank of Australia is a related body corporate of
ASB Bank Limited ACN 398445
Commonwealth Bank Officers Superannuation Corporation Pty Limited ACN 074 519 798
Colonial First State Asset Management (Australia) Limited ACN 114 194 311
Colonial First State Investments Limited ACN 002 348 352
Realindex Investments Pty Limited ACN 133 312 017

100080615/3821107.1 2

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:
[not applicable]




Certification
I, Clare McManus, 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.

100080615/3821107.1 3

Appendix A

Details of the transactions or other events requiring disclosure:

Date of Transaction Registered Company Nature of Change Class
Number of
Securities
Cash Consideration Currency
Wednesday, 25 October 2017 Citibank N A Hong Kong Sale Ordinary shares 77,432 181,547.07 AUD

Wednesday, 25 October 2017
Citicorp Nominees Pty
Limited (Australia)

Purchase

Ordinary shares

89,658

210,203.18

AUD

Wednesday, 25 October 2017
Citicorp Nominees Pty
Limited (Australia)

Purchase

Ordinary shares

182,902

428,813.74

AUD

Thursday, 26 October 2017
Citicorp Nominees Pty
Limited (Australia)

Purchase

Ordinary shares

62,730

146,455.73

AUD

Thursday, 26 October 2017
Citicorp Nominees Pty
Limited (Australia)

Purchase

Ordinary shares

30,750

71,792.03

AUD
Thursday, 26 October 2017 Citibank N A Hong Kong Sale Ordinary shares 21,902 51,174.02 AUD
Friday, 27 October 2017 Citibank N A Hong Kong Sale Ordinary shares 14,482 33,803.88 AUD

Friday, 27 October 2017
Citicorp Nominees Pty
Limited (Australia)

Purchase

Ordinary shares

32,074

74,873.55

AUD

Friday, 27 October 2017
Citicorp Nominees Pty
Limited (Australia)

Purchase

Ordinary shares

15,722

36,701.44

AUD

Friday, 27 October 2017
Citicorp Nominees Pty
Limited (New Zealand)

Sale

Ordinary shares

6,477

16,840.20

NZD


Monday, 30 October 2017

Share Direct Nominees Pty
Limited
Borrow Increase,
Barclays Capital
Securities Ltd


Ordinary shares


62,700


N/A


NZD


Tuesday, 31 October 2017

Share Direct Nominees Pty
Limited
Borrow Decrease,
Barclays Capital
Securities Ltd


Ordinary shares


62,700


N/A


NZD
Tuesday, 31 October 2017 Citibank N A Hong Kong Purchase Ordinary shares 15,839 39,597.50 NZD


Tuesday, 31 October 2017

Share Direct Nominees Pty
Limited
Borrow Increase,
Barclays Capital
Securities Ltd


Ordinary shares


28,300


N/A


NZD


Tuesday, 31 October 2017


UBS Nominees Pty Ltd
Borrow Increase,
UBS AG
(Agreement 2)


Ordinary shares


23,312


N/A


AUD


Wednesday, 1 November 2017

Share Direct Nominees Pty
Limited
Borrow Decrease,
Barclays Capital
Securities Ltd


Ordinary shares


28,300


N/A


NZD
Wednesday, 1 November 2017 Citibank N A Hong Kong Sale Ordinary shares 4,673 11,495.58 NZD
Wednesday, 1 November 2017 Citibank N A Hong Kong Purchase Ordinary shares 46,441 103,340.51 AUD
Wednesday, 1 November 2017 Citibank N A Hong Kong Sale Ordinary shares 46,441 103,340.51 AUD


Wednesday, 1 November 2017

Share Direct Nominees Pty
Limited
Borrow Increase,
Barclays Capital
Securities Ltd


Ordinary shares


28,300


N/A


NZD


Thursday, 2 November 2017

Share Direct Nominees Pty
Limited
Borrow Decrease,
Barclays Capital
Securities Ltd


Ordinary shares


28,300


N/A


NZD


Friday, 3 November 2017

Share Direct Nominees Pty
Limited
Borrow Increase,
Barclays Capital
Securities Ltd


Ordinary shares


56,400


N/A


NZD


Monday, 6 November 2017

Share Direct Nominees Pty
Limited
Borrow Decrease,
Barclays Capital
Securities Ltd


Ordinary shares


56,400


N/A


NZD
Wednesday, 8 November 2017 Citibank N A Hong Kong Purchase Ordinary shares 4,348 11,043.92 NZD
Thursday, 9 November 2017 Citibank N A Hong Kong Sale Ordinary shares 29,032 68,268.75 AUD



Thursday, 9 November 2017



Citibank N A Hong Kong
Borrow Decrease,
Citigroup Global
Markets Limited
(Agreement 1)



Ordinary shares



1,346



N/A



AUD
Friday, 10 November 2017 Citibank N A Hong Kong Sale Ordinary shares 6,965 16,158.80 AUD
Friday, 10 November 2017 Citibank N A Hong Kong Purchase Ordinary shares 5,165 13,274.05 NZD
Friday, 10 November 2017 Citibank N A Hong Kong Sale Ordinary shares 9,223 21,305.13 AUD
Friday, 10 November 2017 Northern Trust Company Purchase Ordinary shares 9,223 21,305.13 AUD


Monday, 13 November 2017

Share Direct Nominees Pty
Limited
Borrow Increase,
Barclays Capital
Securities Ltd


Ordinary shares


96,301


N/A


NZD


Tuesday, 14 November 2017

Share Direct Nominees Pty
Limited
Borrow Decrease,
Barclays Capital
Securities Ltd


Ordinary shares


96,301


N/A


NZD


Tuesday, 14 November 2017

Share Direct Nominees Pty
Limited
Borrow Increase,
Barclays Capital
Securities Ltd


Ordinary shares


61,701


N/A


NZD
Tuesday, 14 November 2017 Citibank N A Hong Kong Sale Ordinary shares 7,131 16,508.27 AUD
Tuesday, 14 November 2017 Citibank N A Hong Kong Sale Ordinary shares 32,982 75,944.35 AUD
Tuesday, 14 November 2017 Citibank N A Hong Kong Sale Ordinary shares 3,022 6,958.46 AUD
Tuesday, 14 November 2017 Citibank N A Hong Kong Sale Ordinary shares 654 1,514.01 AUD


Tuesday, 14 November 2017


UBS Nominees Pty Ltd
Borrow Increase,
UBS AG
(Agreement 1)


Ordinary shares


34,225


N/A


AUD



Tuesday, 14 November 2017



Citibank N A Hong Kong
Borrow Decrease,
Citigroup Global
Markets Limited
(Agreement 1)



Ordinary shares



1,427



N/A



AUD
Wednesday, 15 November 2017 Citibank N A Hong Kong Sale Ordinary shares 5,741 13,204.30 AUD
Wednesday, 15 November 2017 Northern Trust Company Sale Ordinary shares 9,223 21,073.63 AUD


Wednesday, 15 November 2017

Share Direct Nominees Pty
Limited
Borrow Increase,
Barclays Capital
Securities Ltd


Ordinary shares


142,031


N/A


NZD


Wednesday, 15 November 2017

Share Direct Nominees Pty
Limited
Borrow Decrease,
Barclays Capital
Securities Ltd


Ordinary shares


61,701


N/A


NZD


Thursday, 16 November 2017

Share Direct Nominees Pty
Limited
Borrow Decrease,
Barclays Capital
Securities Ltd


Ordinary shares


142,031


N/A


NZD
Thursday, 16 November 2017 Citibank N A Hong Kong Sale Ordinary shares 16,974 38,785.59 AUD
Thursday, 16 November 2017 Citibank N A Hong Kong Sale Ordinary shares 11,882 27,328.60 AUD
Friday, 17 November 2017 Citibank N A Hong Kong Sale Ordinary shares 38,117 85,214.37 AUD
Friday, 17 November 2017 Citibank N A Hong Kong Sale Ordinary shares 4,540 10,149.62 AUD
Tuesday, 21 November 2017 Citibank N A Hong Kong Sale Ordinary shares 2,098 4,678.54 AUD
Tuesday, 21 November 2017 Citibank N A Hong Kong Sale Ordinary shares 34,463 76,852.49 AUD
Wednesday, 22 November 2017 Citibank N A Hong Kong Sale Ordinary shares 2,542 5,721.79 AUD

100080615/3821107.1 4


Thursday, 23 November 2017 Citibank N A Hong Kong Sale Ordinary shares 2,816 6,336.56 AUD
Friday, 24 November 2017 Citibank N A Hong Kong Sale Ordinary shares 8,966 20,039.01 AUD
Friday, 24 November 2017 Citibank N A Hong Kong Sale Ordinary shares 800 1,788.00 AUD
Tuesday, 28 November 2017 Citibank N A Hong Kong Sale Ordinary shares 17,819 40,181.85 AUD
Tuesday, 28 November 2017 Citibank N A Hong Kong Sale Ordinary shares 9,182 20,668.68 AUD
Wednesday, 29 November 2017 Citibank N A Hong Kong Sale Ordinary shares 3,956 8,903.37 AUD
Wednesday, 29 November 2017 Citibank N A Hong Kong Sale Ordinary shares 54,229 121,754.95 AUD
Wednesday, 29 November 2017 Citibank N A Hong Kong Sale Ordinary shares 5,044 11,324.79 AUD
Wednesday, 29 November 2017 Citibank N A Hong Kong Sale Ordinary shares 368 828.22 AUD
Thursday, 30 November 2017 Citibank N A Hong Kong Purchase Ordinary shares 175,845 437,678.21 NZD
Thursday, 30 November 2017 Citibank N A Hong Kong Purchase Ordinary shares 15,299 38,079.21 NZD
Thursday, 30 November 2017 Citibank N A Hong Kong Sale Ordinary shares 12,638 28,396.32 AUD
Thursday, 30 November 2017 Citibank N A Hong Kong Sale Ordinary shares 14,140 31,602.90 AUD
Thursday, 30 November 2017 Citibank N A Hong Kong Sale Ordinary shares 1,455 3,273.75 AUD
Friday, 1 December 2017 Citibank N A Hong Kong Sale Ordinary shares 14,055 31,483.20 AUD
Friday, 1 December 2017 Citibank N A Hong Kong Sale Ordinary shares 2,649 5,933.76 AUD
Friday, 1 December 2017 Citibank N A Hong Kong Sale Ordinary shares 24,515 60,552.05 NZD
Monday, 4 December 2017 Citibank N A Hong Kong Sale Ordinary shares 18,462 41,447.19 AUD
Tuesday, 5 December 2017 Citibank N A Hong Kong Sale Ordinary shares 7,280 16,198.00 AUD
Tuesday, 5 December 2017 Citibank N A Hong Kong Sale Ordinary shares 12,084 27,035.53 AUD
Tuesday, 5 December 2017 Citibank N A Hong Kong Sale Ordinary shares 1,500 3,355.95 AUD
Tuesday, 5 December 2017 Citibank N A Hong Kong Sale Ordinary shares 904 2,011.40 AUD
Wednesday, 6 December 2017 Citibank N A Hong Kong Sale Ordinary shares 1,245 2,770.13 AUD
Wednesday, 6 December 2017 Citibank N A Hong Kong Sale Ordinary shares 480 1,068.00 AUD
Wednesday, 6 December 2017 Citibank N A Hong Kong Sale Ordinary shares 1,517 3,367.74 AUD
Wednesday, 6 December 2017 Citibank N A Hong Kong Sale Ordinary shares 23,728 52,676.16 AUD
Wednesday, 6 December 2017 Citibank N A Hong Kong Sale Ordinary shares 7,503 16,694.18 AUD
Wednesday, 6 December 2017 Citibank N A Hong Kong Sale Ordinary shares 19,459 43,296.28 AUD


Thursday, 7 December 2017


UBS Nominees Pty Ltd
Borrow Decrease,
UBS AG
(Agreement 3)


Ordinary shares


16,101


N/A


AUD
Tuesday, 12 December 2017 Citibank N A Hong Kong Sale Ordinary shares 825,366 1,935,483.27 AUD
Tuesday, 12 December 2017 Citibank N A Hong Kong Sale Ordinary shares 23,101 54,171.85 AUD

Tuesday, 12 December 2017
National Bank Nominees Pty
Limited

Sale

Ordinary shares

65,534

153,677.23

AUD

100080615/3821107.1 5

Appendix B




Type of agreement: Global Master Securities Lending Agreement
If yes, in which circumstances? At any time subject to giving notice.
Are there circumstances in which the borrower will not be required to return
the securities on settlement? [Yes/No]

No
If yes, in which circumstances? N/A

Parties to agreement:
(1) Commonwealth Bank of Australia and (2)
Barclays Capital Securities Ltd
Can the parties exercise voting rights attaching to the securities? No
If yes, in what circumstances? N/A
Date on which the securities were (or are) expected to be delivered to the
borrower or its nominee (ie borrow date):
The dates indicated in Annexure B on which
securities were borrowed.
Scheduled date (if any) when the securities are expected to be returned to
the borrower or its nominee (ie return date):

Any particular day.
Does the borrower have the right to return the securities early? [Yes/No] Yes
If yes, in which circumstances? At any time subject to giving notice.
Does the lender have the right to recall the securities early (ie before the
scheduled return date)? [Yes/No]

Yes




Type of agreement: Australian Master Securities Lending Agreement
If yes, in which circumstances? At any time subject to giving notice.
Are there circumstances in which the borrower will not be required to return
the securities on settlement? [Yes/No]

No
If yes, in which circumstances? N/A

Parties to agreement:
(1) Citigroup Global Markets Limited; and (2) Colonia
First State Investments Limited
Can the parties exercise voting rights attaching to the securities? No
If yes, in what circumstances? N/A
Date on which the securities were (or are) expected to be delivered to the
borrower or its nominee (ie borrow date):
The dates indicated in Annexure B on which
securities were borrowed.
Scheduled date (if any) when the securities are expected to be returned to
the borrower or its nominee (ie return date):

Any particular day.
Does the borrower have the right to return the securities early? [Yes/No] Yes
If yes, in which circumstances? At any time subject to giving notice.
Does the lender have the right to recall the securities early (ie before the
scheduled return date)? [Yes/No]

Yes





Type of agreement: Australian Master Securities Lending Agreement
If yes, in which circumstances? At any time subject to giving notice.
Are there circumstances in which the borrower will not be required to return
the securities on settlement? [Yes/No]

No
If yes, in which circumstances? N/A

Parties to agreement:
(1) UBS AG; and (2) Colonial First State Investments
Limited
Can the parties exercise voting rights attaching to the securities? No
UBS AG (Agreement 1)
Citigroup Global Markets Limited (Agreement 1)
Barclays Capital Securities Ltd

100080615/3821107.1 6



If yes, in what circumstances? N/A
Date on which the securities were (or are) expected to be delivered to the
borrower or its nominee (ie borrow date):
The dates indicated in Annexure B on which
securities were borrowed.
Scheduled date (if any) when the securities are expected to be returned to
the borrower or its nominee (ie return date):

Any particular day.
Does the borrower have the right to return the securities early? [Yes/No] Yes
If yes, in which circumstances? At any time subject to giving notice.
Does the lender have the right to recall the securities early (ie before the
scheduled return date)? [Yes/No]

Yes




Type of agreement: Australian Master Securities Lending Agreement
If yes, in which circumstances? At any time subject to giving notice.
Are there circumstances in which the borrower will not be required to return
the securities on settlement? [Yes/No]

No
If yes, in which circumstances? N/A

Parties to agreement:
(1) UBS AG; and (2) Colonial First State Investments
Limited
Can the parties exercise voting rights attaching to the securities? No
If yes, in what circumstances? N/A
Date on which the securities were (or are) expected to be delivered to the
borrower or its nominee (ie borrow date):
The dates indicated in Annexure B on which
securities were borrowed.
Scheduled date (if any) when the securities are expected to be returned to
the borrower or its nominee (ie return date):

Any particular day.
Does the borrower have the right to return the securities early? [Yes/No] Yes
If yes, in which circumstances? At any time subject to giving notice.
Does the lender have the right to recall the securities early (ie before the
scheduled return date)? [Yes/No]

Yes




Type of agreement: Australian Master Securities Lending Agreement
If yes, in which circumstances? At any time subject to giving notice.
Are there circumstances in which the borrower will not be required to return
the securities on settlement? [Yes/No]

No
If yes, in which circumstances? N/A

Parties to agreement:
(1) UBS AG; and (2) Colonial First State Investments
Limited
Can the parties exercise voting rights attaching to the securities? No
If yes, in what circumstances? N/A
Date on which the securities were (or are) expected to be delivered to the
borrower or its nominee (ie borrow date):
The dates indicated in Annexure B on which
securities were borrowed.
Scheduled date (if any) when the securities are expected to be returned to
the borrower or its nominee (ie return date):

Any particular day.
Does the borrower have the right to return the securities early? [Yes/No] Yes
If yes, in which circumstances? At any time subject to giving notice.
Does the lender have the right to recall the securities early (ie before the
scheduled return date)? [Yes/No]

Yes

UBS AG (Agreement 3)
UBS AG (Agreement 2)