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: 2 August 2019
Date last disclosure made: 1 August 2019
Date on which substantial holding ceased: 31 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: 37,360,634
(b) total in class: 735,048,405
(c) total percentage held in class: 5.08%

For current holding after ceasing to have substantial holding, —
(a) total number held in class: 33,440,031
(b) total in class: 735,048,405
(c) total percentage held in class: 4.55%

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: Andre w 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:

2 August 2019

Print Name:


Joanne Chan

Capacity:

Authorised signatory

Sign Here:


Date:

2 August 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
31-Jul-19
UBS Asset Management
Sell
126,542
(7,023)

Ordinary
31-Jul-19
UBS Asset Management
Buy
66,140
3,670

Ordinary
31-Jul-19
UBS AG Australia Branch
Buy
65,603
3,666

Ordinary
31-Jul-19
UBS AG Australia Branch
Sell
59,216
(3,313)

Ordinary
31-Jul-19
UBS AG Australia Branch
Sell
333,310
(18,648)

Ordinary
31-Jul-19
UBS AG Australia Branch
Sell
1,573
(88)

Ordinary
31-Jul-19
UBS Switzerland AG
Collateral received
N/A
210

Ordinary
31-Jul-19
UBS Switzerland AG
Collateral received
N/A
2

Ordinary
31-Jul-19
UBS Switzerland AG
Collateral received
N/A
2,144

Ordinary
31-Jul-19
UBS Switzerland AG
Collateral returned
N/A
(1)

Ordinary
31-Jul-19
UBS Switzerland AG
Collateral returned
N/A
(2)

Ordinary
31-Jul-19
UBS Switzerland AG
Collateral returned
N/A
(1,659,212)

Ordinary
31-Jul-19
UBS Switzerland AG
Collateral returned
N/A
(660,344)

Ordinary
31-Jul-19
UBS Switzerland AG
Collateral returned
N/A
(9,124)

Ordinary
31-Jul-19
UBS Switzerland AG
Collateral returned
N/A
(210)

Ordinary
31-Jul-19
UBS Switzerland AG
Collateral returned
N/A
(1)

Ordinary
31-Jul-19
UBS Switzerland AG
Collateral returned
N/A
(2,144)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Stock borrowed
N/A
115,685

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Stock returned
N/A
(395,730)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Stock returned
N/A
(1,041,395)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Stock returned
N/A
(393,253)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(1,339)

Swap
31-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
1,864

Swap
31-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(181,805)

Swap
31-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
204,012

Swap
31-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
11,416

Swap
31-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(70,501)

Swap
31-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
50,619

Swap
31-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(161,326)

Swap
31-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
58,428

Swap
31-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
89,413

Swap
31-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
37

Swap
31-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
7,826

Swap
31-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(3,435)

Swap
31-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(743)

Swap
31-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(91)

Swap
31-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(57)

Swap
31-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(5,240)

Swap
31-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(3,420)

Swap
31-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(837)

Swap
31-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(629)

Swap
31-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
1,546

Swap
31-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(57)

Swap
31-Jul-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
4,071

Swap
31-Jul-19
UBS Securities Australia Ltd
Sell
303
(17)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
53
(3)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
36
(2)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
5,381
303

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
249
14

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
71
4

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
124
7

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
71
4

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
1,154
65

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
675
38

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
728
41

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
71
4

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
142
8

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
462
26

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
568
32

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
2,486
140

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
195
11

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
249
14

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
462
26

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
1,811
102

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
124
7

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
5,932
334

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
1,350
76

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
1,474
83

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
408
23

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
852
48

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
124
7

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
1,421
80

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
18
1

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
1,954
110

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
995
56

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
1,669
94

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
178
10

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
231
13

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
1,137
64

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
1,776
100

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
8,418
474

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
89
5

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
4,067
229

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
1,154
65

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
693
39

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
497
28

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
2,362
133

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
2,362
133

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
2,486
140

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
266
15

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
89
5

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
53
3

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
36
2

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
36
2

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
89
5

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
18
1

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
374
21

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
410
23

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
36
2

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
36
2

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
71
4

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
410
23

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
178
10

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
926
52

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
1,051
59

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
53
3

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
196
11

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
142
8

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
338
19

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
24,394
1,370

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
39,956
2,244

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
179,410
10,076

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
89
(5)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
178
(10)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
196
(11)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
53
(3)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
926
(52)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
1,051
(59)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
338
(19)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
18
(1)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
24,645
(1,384)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
42,630
(2,394)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
377
(21)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
521
(29)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
521
(29)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
647
(36)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
665
(37)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
791
(44)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
970
(54)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
1,168
(65)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
1,240
(69)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
1,384
(77)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
1,563
(87)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
1,797
(100)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
1,887
(105)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
1,941
(108)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
2,426
(135)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
2,606
(145)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
2,696
(150)

Ordinary

31-Jul-19
UBS Securities Australia Ltd
Sell
2,714
(151)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
2,732
(152)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
3,684
(205)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
3,684
(205)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
8,680
(483)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
1,240
(69)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
2,624
(146)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
3,792
(211)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
9,884
(550)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
11,502
(640)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
16,120
(897)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
243,409
13,663

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
608,549
34,159

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
628
35

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
23,867
1,339

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
33,318
(1,864)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
3,251,069
181,805

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
3,651,446
(204,012)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
204,034
(11,416)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
1,261,203
70,501

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
906,025
(50,619)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
2,885,380
161,326

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
1,043,920
(58,428)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
1,601,605
(89,413)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
662
(37)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
139,340
(7,826)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
61,492
3,435

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
13,274
743

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
1,630
91

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
1,021
57

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
93,901
5,240

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
61,185
3,420

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
14,807
837

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
365,123
20,495

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
11,222
629

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
27,668
(1,546)

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Buy
1,016
57

Ordinary
31-Jul-19
UBS Securities Australia Ltd
Sell
72,848
(4,071)

Ordinary
31-Jul-19
UBS AG London Branch
Sell
10,037
(557)

Ordinary
31-Jul-19
UBS AG London Branch
Buy
1,272,464
70,614

Ordinary
31-Jul-19
UBS AG London Branch
Sell
2,737
(154)

Ordinary