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: 13 August 2019
Date last disclosure made: 12 August 2019
Date on which substantial holding ceased: 9 August 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: 37,084,484
(b) total in class: 735,079,675
(c) total percentage held in class: 5.04%

For current holding after ceasing to have substantial holding, —
(a) total number held in class: 34,107,238
(b) total in class: 735,079,675
(c) total percentage held in class: 4.64%

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:

13 August 2019

Print Name:


Joanne Chan

Capacity:

Authorised signatory

Sign Here:


Date:

13 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
09-Aug-19
UBS AG London Branch
Buy
38,674
2,420

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
4,529

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(778)

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
324,022

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(334,217)

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(48,804)

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
1,218

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(275,794)

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
55,291

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
206,214

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(331,143)

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
164,523

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
165,956

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(2,491)

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
3,800

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(506)

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(31,279)

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
5,764

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(12,632)

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(10,407)

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(1,217)

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(5,351)

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(3,242)

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(3,177)

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
16,893

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
373

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
1,788

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(6,483)

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(208,582)

Swap
09-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
237

Swap
09-Aug-19
UBS AG London Branch
Buy
522,486
32,676

Ordinary
09-Aug-19
UBS AG London Branch
Buy
970,443
60,691

Ordinary
09-Aug-19
UBS AG Australia Branch
Buy
160,860
10,000

Ordinary
09-Aug-19
UBS AG Australia Branch
Sell
160,141
(10,000)

Ordinary
09-Aug-19
UBS AG Australia Branch
Sell
162,750
(10,000)

Ordinary
09-Aug-19
UBS AG Australia Branch
Sell
3,106
(194)

Ordinary
09-Aug-19
UBS AG Australia Branch
Sell
41,305
(2,580)

Ordinary
09-Aug-19
UBS AG Australia Branch
Sell
15,225
(951)

Ordinary
09-Aug-19
UBS AG London Branch
Buy
7,560
474

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
64
(4)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
176
(11)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
578
(36)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
80
(5)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
32
(2)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
48
(3)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
144
(9)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
64
(4)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
160
(10)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
16
(1)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
209
(13)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
16
(1)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
209
(13)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
16
1
Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
16
1
Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
48
3
Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
16
1
Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
48
3
Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
64
4
Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
64
4
Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
16
1
Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
16
1
Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
48
3
Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
160
10

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
16
1
Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
16
(1)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
48
(3)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
48
(3)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
64
(4)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
64
(4)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
16
(1)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
160
(10)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
32
2
Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
144
9
Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
160
10

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
1,711
107

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
2,239
140

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
3,230
202

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
23,716
1,483

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
47,095
2,945

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
47,687
2,982

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
91,056
5,694

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
72,716
(4,529)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
12,439
778

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
5,199,698
(324,022)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
5,359,546
334,217

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
790,923
48,804

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
19,480
(1,218)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
4,451,857
275,794

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
898,247
(55,291)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
3,305,033
(206,214)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
5,310,668
331,143

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
2,646,534
(164,523)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
2,656,656
(165,956)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
39,950
2,491

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
61,892
(3,800)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
8,111
506

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
502,185
31,279

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
92,441
(5,764)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
202,310
12,632

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
166,542
10,407

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
19,477
1,217

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
85,607
5,351

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
51,846
3,242

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
51,113
3,177

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
270,437
(16,893)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
5,964
(373)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
28,609
(1,788)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
103,691
6,483

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Buy
3,344,672
208,582

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Sell
3,793
(237)

Ordinary
09-Aug-19
UBS Securities Australia Ltd
Stock returned
N/A
(70,210)

Ordinary
09-Aug-19
UBS Switzerland AG
Collateral received
N/A
3,905,552

Ordinary
09-Aug-19
UBS Switzerland AG
Collateral received
N/A
2
Ordinary
09-Aug-19
UBS Switzerland AG
Collateral returned
N/A
(293,686)

Ordinary
09-Aug-19
UBS Switzerland AG
Collateral returned
N/A
(5)

Ordinary
09-Aug-19
UBS Switzerland AG
Collateral returned
N/A
(2,700,882)

Ordinary
09-Aug-19
UBS Switzerland AG
Collateral returned
N/A
(3,905,552)

Ordinary
09-Aug-19
UBS Switzerland AG
Collateral returned
N/A
(2)

Ordinary
09-Aug-19
UBS Asset Management
Buy
36,035
2,259

Ordinary