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: 01 October 2019
Date last disclosure made: 30 September 2019
Date on which substantial holding ceased: 27 September 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: 36,861,769
(b) total in class: 735,170,589
(c) total percentage held in class: 5.01%

For current holding after ceasing to have substantial holding, —
(a) total number held in class: 36,194,113
(b) total in class: 735,170,589
(c) total percentage held in class: 4.92%

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

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

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:

01 October 2019

Print Name:


Minsoo Ha

Capacity:

Authorised signatory

Sign Here:


Date:

01 October 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
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(2,023)

Swap
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
80,662

Swap
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(281,974)

Swap
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
305,862

Swap
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
14,137

Swap
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(263,471)

Swap
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
332,144

Swap
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(218,405)

Swap
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
130,050

Swap
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
94,535

Swap
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(65)

Swap
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
18,427

Swap
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
5,780

Swap
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(5,961)

Swap
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(4,404)

Swap
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
312

Swap
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(676)

Swap
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
1,580

Swap
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
8,101

Swap
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
1,019

Swap
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
3,736

Swap
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
304

Swap
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
5,140

Swap
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
3

Swap
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
2,191

Swap
27-Sep-19
UBS AG London Branch
Buy
11,105
849

Ordinary
27-Sep-19
UBS AG London Branch
Buy
74,321
5,682

Ordinary
27-Sep-19
UBS AG, Australia Branch
Sell
498,548
(37,953)

Ordinary
27-Sep-19
UBS AG London Branch
Buy
402,662
30,778

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Buy
26,587
2,023

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Sell
39
(3)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Sell
53
(4)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Sell
527
(40)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Sell
184
(14)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Sell
184
(14)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Sell
66
(5)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Sell
1,073,918
(80,662)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Buy
66
5

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Buy
315
24

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Buy
565
43

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Buy
1,550
118

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Buy
2,325
177

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Buy
92
7

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Buy
709
54

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Buy
4,006
305

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Buy
434
33

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Buy
1,314
100

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Buy
2,286
174

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Buy
3,942
300

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Buy
4,152
316

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Buy
27,291
2,077

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Buy
6,465
492

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Buy
16,805
1,279

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Sell
27,299
(2,077)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Buy
3,708,011
281,974

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Sell
4,017,188
(305,862)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Sell
186,071
(14,137)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Buy
3,461,421
263,471

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Sell
4,361,909
(332,144)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Buy
2,870,203
218,405

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Sell
1,710,828
(130,050)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Sell
1,241,193
(94,535)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Buy
855
65

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Sell
242,149
(18,427)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Sell
75,931
(5,780)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Buy
78,285
5,961

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Buy
57,831
4,404

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Sell
4,092
(312)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Buy
8,864
676

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Sell
20,799
(1,580)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Sell
106,321
(8,101)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Sell
13,385
(1,019)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Sell
49,032
(3,736)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Sell
3,992
(304)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Sell
67,468
(5,140)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Sell
39
(3)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Sell
28,742
(2,191)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Stock returned
N/A
(369,336)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Stock returned
N/A
(275,795)

Ordinary
27-Sep-19
UBS Switzerland AG
Stock borrowed
N/A
54,307

Ordinary
27-Sep-19
UBS Switzerland AG
Stock returned
N/A
(35,191)

Ordinary
27-Sep-19
UBS Switzerland AG
Stock returned
N/A
(54,307)

Ordinary
27-Sep-19
UBS Switzerland AG
Stock returned
N/A
(1)

Ordinary
27-Sep-19
UBS Switzerland AG
Stock returned
N/A
(190)

Ordinary
27-Sep-19
UBS Switzerland AG
Stock returned
N/A
(15)

Ordinary
27-Sep-19
UBS Switzerland AG
Stock returned
N/A
(31)

Ordinary
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
2,000

Options
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
2,000

Options
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
2,200

Options
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
2,000

Options
27-Sep-19
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
2,000

Options