SPH Notice – UBS Group AG and its related bodies corporate

Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013

To: NZX Limited
and
To: The A2 Milk Company Limited
Date this disclosure made: 5 October 2018
Date last disclosure made: 4 October 2018
Date on which substantial holding ceased: 3 October 2018

Substantial product holder(s) giving disclosure
Full name(s): UBS Group AG and its related bodies corporate

Summary of previous substantial holding
Class of quoted voting products: Ordinary shares
Summary for: UBS Group AG and its related bodies corporate
For last disclosure,—
(a) total number held in class: 37,086,513
(b) total in class: 734,797,297
(c) total percentage held in class: 5.05%

For current holding after ceasing to have substantial holding, —
(a) total number held in class: 31,226,536
(b) total in class: 734,797,297
(c) total percentage held in class: 4.25%

Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure: Please see Appendix A.

Additional information
Address(es) of substantial product holder(s): Details of all UBS offices can be found through the
following link: http://apps2.ubs.com/locationfinder/

Contact details: Serene Peh
Tel: +65 6495 5283
Email: Serene.peh@ubs.com

Nature of connection between substantial product holders:
UBS AG Singapore Branch: Related body corporate
UBS Switzerland AG: Related body corporate
UBS AG: Related body corporate
UBS Asset Management (Australia) Ltd: Related body corporate
UBS Asset Management (Deutschland) GmbH: Related body corporate
UBS Asset Management (Hong Kong) Ltd: Related body corporate
UBS Asset Management Life Limited: Related body corporate
UBS Asset Management Trust Company: Related body corporate
UBS Asset Management (UK) Limited: Related body corporate
UBS Fund Management (Luxembourg) S.A.: Related body corporate
UBS Fund Management (Switzerland) AG: Related body corporate
UBS AG Australia Branch: Related body corporate
UBS AG London Branch: Related body corporate
UBS Securities Australia Ltd: Related body corporate

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
We, certify that, to the best of our knowledge and belief, the information contained in this disclosure
is correct and that we are duly authorised to make this disclosure by all persons for whom it is made.

SIGNATURE


Print Name:


Serene Peh

Capacity:

Authorised signatory

Sign Here:


Date:

5 October 2018


Print Name:


Philip Alexander

Capacity:

Authorised signatory

Sign Here:


Date:

5 October 2018

ATM - Appendix A
Date of
change
Person whose relevant interest changed
Nature of Change
Consideration
g
iven in
relation to change
(NZD)
Number of securities
Class
03-Oct-18
UBS AG Australia Branch
Sell
1,206,338
(110,000)

Ordinary
03-Oct-18
UBS AG Australia Branch
Sell
548,335
(50,000)

Ordinary
03-Oct-18
UBS AG Australia Branch
Buy
434,692
40,000

Ordinary
03-Oct-18
UBS AG Australia Branch
Sell
293,076
(25,985)

Ordinary
03-Oct-18
UBS AG Australia Branch
Sell
4,086
(374)

Ordinary
03-Oct-18
UBS AG Australia Branch
Sell
547,382
(50,000)

Ordinary
03-Oct-18
UBS AG Australia Branch
Buy
1,650
149

Ordinary
03-Oct-18
UBS AG Australia Branch
Buy
7,373
666

Ordinary
03-Oct-18
UBS AG Australia Branch
Buy
22,410
2,045

Ordinary
03-Oct-18
UBS AG Australia Branch
Buy
34,463
3,130

Ordinary
03-Oct-18
UBS Switzerland AG
Collateral returned
N/A
(1,232,786)

Ordinary
03-Oct-18
UBS Switzerland AG
Collateral returned
N/A
(4,472,504)

Ordinary
03-Oct-18
UBS Switzerland AG
Collateral returned
N/A
(1)

Ordinary
03-Oct-18
UBS Fund Management (Switzerland) AG
Buy
153,878
13,484

Ordinary
03-Oct-18
UBS AG London Branch
Buy
24,779
2,224

Ordinary
03-Oct-18
UBS AG London Branch
Sell
197,022
(17,775)

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Sell
22
(2)

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Sell
133
(12)

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Sell
11
(1)

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Sell
55
(5)

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Sell
88
(8)

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Sell
33
(3)

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Sell
110
(10)

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Sell
11
(1)

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Sell
287
(26)

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Buy
145
13

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Buy
11
1

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Buy
134
12

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Buy
11
1

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Buy
134
12

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Buy
145
13

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Buy
11
1

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Buy
54
5

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Buy
87
8

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Buy
109
10

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Buy
33
3

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Buy
283
26

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Buy
11
1

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Buy
15,896
1,462

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Sell
133
(12)

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Sell
11
(1)

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Buy
1,341,162
120,963

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Sell
1,713,273
(154,217)

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Buy
16,757
1,542

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Buy
44,480
4,093

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Buy
50,457
4,643

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Buy
16,530
1,500

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Buy
383,391
34,963

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Sell
303,744
(27,673)

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Buy
3,616,941
329,405

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Sell
2,686,993
(242,121)

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Sell
463,761
(41,585)

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Sell
385,280
(34,898)

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Sell
1,465,677
(132,786)

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Buy
1,325,979
120,131

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Sell
33,928
(3,122)

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Sell
20,525
(1,850)

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Sell
281,931
(25,000)

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Buy
649,862
58,974

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Buy
218
20

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Sell
65,938
(5,973)

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Sell
9,680
(864)

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Sell
458
(42)

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Sell
405,025
(37,175)

Ordinary
03-Oct-18
UBS Securities Australia Ltd
Sell
206,734
(18,975)

Ordinary
03-Oct-18
UBS AG London Branch
Enter into derivative contract
N/A
(120,963)

Swaps
03-Oct-18
UBS AG London Branch
Enter into derivative contract
N/A
154,217

Swaps
03-Oct-18
UBS AG London Branch
Enter into derivative contract
N/A
(1,500)

Swaps
03-Oct-18
UBS AG London Branch
Enter into derivative contract
N/A
(34,963)

Swaps
03-Oct-18
UBS AG London Branch
Enter into derivative contract
N/A
27,673

Swaps
03-Oct-18
UBS AG London Branch
Enter into derivative contract
N/A
(329,405)

Swaps
03-Oct-18
UBS AG London Branch
Enter into derivative contract
N/A
242,121

Swaps
03-Oct-18
UBS AG London Branch
Enter into derivative contract
N/A
41,585

Swaps
03-Oct-18
UBS AG London Branch
Enter into derivative contract
N/A
34,898

Swaps
03-Oct-18
UBS AG London Branch
Enter into derivative contract
N/A
132,786

Swaps
03-Oct-18
UBS AG London Branch
Enter into derivative contract
N/A
(120,131)

Swaps
03-Oct-18
UBS AG London Branch
Enter into derivative contract
N/A
3,122

Swaps
03-Oct-18
UBS AG London Branch
Enter into derivative contract
N/A
1,850

Swaps
03-Oct-18
UBS AG London Branch
Enter into derivative contract
N/A
25,000

Swaps
03-Oct-18
UBS AG London Branch
Enter into derivative contract
N/A
(58,974)

Swaps
03-Oct-18
UBS AG London Branch
Enter into derivative contract
N/A
(20)

Swaps
03-Oct-18
UBS AG London Branch
Enter into derivative contract
N/A
5,973

Swaps
03-Oct-18
UBS AG London Branch
Enter into derivative contract
N/A
864

Swaps
03-Oct-18
UBS AG London Branch
Enter into derivative contract
N/A
42

Swaps
03-Oct-18
UBS AG London Branch
Enter into derivative contract
N/A
37,175

Swaps
03-Oct-18
UBS AG London Branch
Enter into derivative contract
N/A
18,975

Swaps