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: 9 July 2019
Date last disclosure made: 8 July 2019
Date on which substantial holding ceased: 5 July 2019

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: 38,433,355
(b) total in class: 735,048,405
(c) total percentage held in class: 5.23%

For current holding after ceasing to have substantial holding, —
(a) total number held in class: 35,909,631
(b) total in class: 735,048,405
(c) total percentage held in class: 4.89%

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):
Name Addresses
UBS AG Singapore Branch One Raffles Quay,#50-01 North Tower, Singapore 048583
UBS Switzerland AG Bahnhofstrasse 45, Zürich, Switzerland
UBS Asset Management
(Australia) Ltd
Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
UBS Asset Management
(Deutschland) GmbH
Bockenheimer Landstrasse 2-4, Frankfurt am Main, Germany

UBS Asset Management Life
Limited
5 Broadgate, London, United Kingdom
UBS Asset Management
Switzerland AG
Bahnhofstrasse 45, Zürich Switzerland
UBS Asset Management Trust
Company
Illinois Corporation Service Company 801 Adlai Stevenson Drive,
Springfield, IL, USA
UBS Asset Management (UK)
Limited
5 Broadgate, London, United Kingdom
UBS Fund Management
(Luxembourg) S.A.
33A avenue J.F. Kennedy, Luxembourg
UBS Fund Management
(Switzerland) AG
Aeschenplatz 6, Basel, Switzerland
UBS AG Australia Branch Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
UBS AG London Branch 5 Broadgate, London, United Kingdom
UBS Securities Australia Ltd Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
UBS Securities LLC
Corporation Service Company 251 Little Falls Drive, Wilmington,
Delaware, USA

Contact details: Andrew Costley
Tel: +852 3712 3707
Email: andrew.costley@ubs.com

Nature of connection between substantial product holders:
UBS AG Singapore Branch: Related body corporate
UBS Switzerland AG: Related body corporate
UBS Asset Management (Australia) Ltd: Related body corporate
UBS Asset Management (Deutschland) GmbH: Related body corporate
UBS Asset Management Life Limited: Related body corporate
UBS Asset Management Switzerland AG: 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
UBS Securities LLC: 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:


Andrew Costley

Capacity:

Authorised signatory

Sign Here:


Date:

9 July 2019

Print Name:


Joanne Chan

Capacity:

Authorised signatory

Sign Here:


Date:

9 July 2019

ATM - Appendix
A
Date of
change
Person whose relevant interest
changed
Nature of Change
Consideration given in
relation to change
Number of securities
Class
05-Jul-19
UBS Asset Management
Sell
198,861
(13,967)

Ordinary
05-Jul-19
UBS AG London Branch
Buy
168,788
11,253

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contrac
t
N/A
(5,633)

Swap
05-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contrac
t
N/A
6,384

Swap
05-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contrac
t
N/A
(3,594)

Swap
05-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contrac
t
N/A
(18,370)

Swap
05-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contrac
t
N/A
48,467

Swap
05-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contrac
t
N/A
(14,595)

Swap
05-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contrac
t
N/A
7,966

Swap
05-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contrac
t
N/A
(58,579)

Swap
05-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contrac
t
N/A
14,238

Swap
05-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contrac
t
N/A
27,580

Swap
05-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contrac
t
N/A
(1,063)

Swap
05-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contrac
t
N/A
24,319

Swap
05-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contrac
t
N/A
13

Swap
05-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contrac
t
N/A
(27,536)

Swap
05-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contrac
t
N/A
(8,029)

Swap
05-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contrac
t
N/A
(6,491)

Swap
05-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contrac
t
N/A
(50)

Swap
05-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contrac
t
N/A
(64,980)

Swap
05-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contrac
t
N/A
(6,939)

Swap
05-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contrac
t
N/A
14,339

Swap
05-Jul-19
UBS AG London Branch
Enter Into Derivative Contrac
t
N/A
(4,536)

Swap
05-Jul-19
UBS AG London Branch
Sell
47,580
(3,172)

Ordinary
05-Jul-19
UBS AG London Branch
Sell
93,936
(6,277)

Ordinary
05-Jul-19
UBS AG Australia Branch
Buy
99,763
6,691

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
45
(3)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
15
(1)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
150
(10)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
90
(6)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
120
(8)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
255
(17)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
30
(2)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
60
(4)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
60
(4)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
525
(35)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
60
(4)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
135
(9)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
180
(12)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
45
(3)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
345
(23)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
120
(8)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
15
(1)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
435
(29)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
300
(20)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
240
(16)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
1,065
(71)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
45
(3)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
60
(4)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
75
(5)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
75
(5)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
90
(6)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
135
(9)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
1,694
(113)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
1,080
(72)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
150
10

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
15
1
Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
60
4
Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
180
12

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
45
3
Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
344
23

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
299
20

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
1,063
71

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
45
3
Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
135
9
Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
30
2
Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
45
3
Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
135
9
Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
30
2
Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
632
42

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
572
38

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
873
58

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
30
2
Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
75
5
Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
331
22

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
3,115
207

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
9,419
626

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
77,489
5,150

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
120
8
Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
7,343
488

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
41,363
2,749

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
118,717
7,890

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
30
(2)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
135
(9)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
135
(9)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
15
(1)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
165
(11)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
15
(1)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
165
(11)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
15
(1)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
195
(13)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
15
(1)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
195
(13)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
15
(1)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
15
(1)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
180
(12)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
15
(1)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
210
(14)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
15
(1)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
45
(3)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
1,843
(123)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
120
(8)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
914
(61)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
90
(6)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
210
(14)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
75
(5)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
255
(17)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
30
(2)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
45
(3)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
60
(4)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
614
(41)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
120
(8)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
165
(11)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
15
(1)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
135
(9)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
30
(2)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
390
(26)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
165
(11)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
1,963
(131)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
45
(3)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
150
(10)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
749
(50)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
90
(6)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
15
(1)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
45
(3)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
90
(6)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
584
(39)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
959
(64)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
150
(10)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
240
(16)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
419
(28)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
180
(12)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
150
(10)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
60
(4)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
824
(55)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
60
(4)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
989
(66)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
75
(5)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
30
(2)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
869
(58)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
150
(10)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
1,258
(84)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
75
(5)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
84,763
5,633

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
96,044
(6,384)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
53,692
3,594

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
274,578
18,370

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
723,895
(48,467)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
218,650
14,595

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
119,556
(7,966)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
875,492
58,579

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
212,646
(14,238)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
412,483
(27,580)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
15,799
1,063

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
363,763
(24,319)

Ordinary

05-Jul-19
UBS Securities Australia Ltd
Sell
195
(13)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
412,337
27,536

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
120,301
8,029

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
97,448
6,491

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
745
50

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
974,951
64,980

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Buy
104,161
6,939

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Sell
214,614
(14,339)

Ordinary
05-Jul-19
UBS Securities Australia Ltd
Stock returned
N/A
(185,295)

Ordinary
05-Jul-19
UBS Switzerland AG
Collateral received
N/A
286,676

Ordinary
05-Jul-19
UBS Switzerland AG
Collateral returned
N/A
(2,596,404)

Ordinary
05-Jul-19
UBS Switzerland AG
Collateral returned
N/A
(34,508)

Ordinary