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 September 2019
Date last disclosure made: 30 August 2019
Date on which substantial holding ceased: 29 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: 36,924,890
(b) total in class: 735,170,589
(c) total percentage held in class: 5.02%

For current holding after ceasing to have substantial holding, —
(a) total number held in class: 35,887,197
(b) total in class: 735,170,589
(c) total percentage held in class: 4.88%

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:

2 September 2019

Print Name:


Minsoo Ha

Capacity:

Authorised signatory

Sign Here:


Date:

2 September 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
29-Aug-19
UBS Asset Management
Buy
12,395
872

Ordinary
29-Aug-19
UBS AG London Branch
Sell
16,113
(1,138)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
18,167

Swap
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
142,305

Swap
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(248,494)

Swap
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
220,904

Swap
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(20,923)

Swap
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
232,392

Swap
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(281,153)

Swap
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
35,313

Swap
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
107,690

Swap
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(224,333)

Swap
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
107,094

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

Swap
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
165,927

Swap
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
100,000

Swap
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
84,199

Swap
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
69,876

Swap
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
60,215

Swap
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
108,561

Swap
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
39,738

Swap
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
5,494

Swap
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
6,327

Swap
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(28,733)

Swap
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
2,443

Swap
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
533

Swap
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
4,265

Swap
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
39,155

Swap
29-Aug-19
UBS AG London Branch
Sell
422,885
(30,163)

Ordinary
29-Aug-19
UBS AG London Branch
Sell
70,647
(5,039)

Ordinary
29-Aug-19
UBS AG London Branch
Sell
82,674
(5,842)

Ordinary
29-Aug-19
UBS AG London Branch
Sell
65,880
(4,699)

Ordinary
29-Aug-19
UBS AG London Branch
Sell
6,828
(487)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
258,927
(18,167)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
14
1
Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
14
1
Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
43
3
Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
174
12

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
477
33

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
622
43

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
1,042
72

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
5,251
363

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
5,786
400

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
14,466
1,000

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
24,288
1,679

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
24,751
1,711

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
31,246
2,160

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
89,877
6,213

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
14
1
Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
87
6
Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
14
1
Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
43
3
Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
14
1
Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
130
9
Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
14
1
Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
116
8
Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
14
1
Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
14
1
Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
43
3
Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
43
(3)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
14
(1)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
43
(3)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
43
(3)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
14
(1)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
172
(12)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
172
(12)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
57
(4)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
215
(15)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
258
(18)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
488
(34)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
29
(2)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
43
(3)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
129
(9)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
43
(3)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
29
(2)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
129
(9)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
28
2
Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
127
9
Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
127
9
Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
28
2
Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
10,035
710

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
113
8
Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
255
18

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
594
42

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
1,273
90

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
1,273
90

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
1,301
92

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
1,344
95

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
1,415
100

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
1,570
111

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
1,782
126

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
1,966
139

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
1,980
140

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
2,094
148

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
2,122
150

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
2,249
159

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
2,362
167

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
11,981
847

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
17,342
1,226

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
19,365
1,369

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
33,737
2,385

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
35,335
2,498

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
7,039
(498)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
25,711
(1,819)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
90,010
(6,368)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
2,031,309
(142,305)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
3,523,396
248,494

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
3,119,434
(220,904)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
299,777
20,923

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
3,300,681
(232,392)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
3,978,285
281,153

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
498,765
(35,313)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
1,533,850
(107,690)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
3,180,385
224,333

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
1,512,825
(107,094)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
441
31

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
2,350,868
(165,927)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
1,413,063
(100,000)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
1,193,560
(84,199)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
991,617
(69,876)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
856,056
(60,215)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
1,535,883
(108,561)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
567,038
(39,738)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
78,116
(5,494)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
89,394
(6,327)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Buy
406,517
28,733

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
35,224
(2,443)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
7,540
(533)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
61,766
(4,265)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Sell
553,314
(39,155)

Ordinary
29-Aug-19
UBS Securities Australia Ltd
Stock returned
N/A
(503,705)

Ordinary
29-Aug-19
UBS AG London Branch
Sell
15,476
(1,100)

Ordinary
29-Aug-19
UBS AG London Branch
Sell
19,696
(1,400)

Ordinary
29-Aug-19
UBS AG London Branch
Sell
2,462
(175)

Ordinary
29-Aug-19
UBS AG Australia Branch
Sell
811,156
(57,378)

Ordinary
29-Aug-19
UBS AG Australia Branch
Sell
337,268
(23,857)

Ordinary
29-Aug-19
UBS AG Australia Branch
Sell
684,530
(48,421)

Ordinary

29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(50,000)

Options
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(20,000)

Options
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(2,000)

Options
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(263,800)

Options
29-Aug-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(35,000)

Options