SPH Notice – Mitsubishi UFJ Financial Group, Inc.

1
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To NZX Limited
and
To CHORUS LIMITED
Date this disclosure made: 15 January, 2020
Date last disclosure made: 15 January, 2020
Date on which substantial holding ceased: 10 January, 2020
Substantial product holder(s) giving disclosure
Full name(s): Mitsubishi UFJ Financial Group, Inc., First Sentier Investors (Australia) IM Ltd,
First Sentier Investors Realindex Pty Ltd
Summary of previous substantial holding
Class of quoted voting products: Ordinary Shares (security code: NZCNUE0001S2)
Summary for Mitsubishi UFJ Financial Group, Inc., First Sentier Investors (Australia) IM Ltd,
First Sentier Investors Realindex Pty Ltd
For last disclosure,—
(a) total number held in class: 22,255,206
(b) total in class: 443,709,223
(c) total percentage held in class:5.016%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 19,457,139
(b) total in class: 443,709,223
(c) total percentage held in class: 4.385%
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure:
For transaction details relating to subsidiaries of Mitsubishi UFJ Financial Group, Inc. see
Annexure A.
For transaction details relating to the Morgan Stanley group see Annexure C.

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Additional information
Address(es) of substantial product holder(s):
Mitsubishi UFJ Financial Group, Inc. – 2-7-1, Marunouchi, Chiyoda-ku, Tokyo 100-8330,
Japan
First Sentier Investors (Australia) IM Ltd - Level 5, Tower Three International Towers
Sydney, 300 Barangaroo Avenue, Barangaroo NSW 2000, Australia
First Sentier Investors Realindex Pty Ltd - Level 5, Tower Three International Towers
Sydney, 300 Barangaroo Avenue, Barangaroo NSW 2000, Australia

Contact details: Mariko Onda, Phone: +81-3-3240-3003, E-mail:mariko_onda@mufg.jp

Nature of connection between substantial product holders: First Sentier Investors
(Australia) IM Ltd and First Sentier Investors Realindex Pty Ltd are wholly-owned
subsidiary of Mitsubishi UFJ Financial Group, Inc.
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
I, Mariko Onda, certify that, to the best of my knowledge and belief, the information
contained in this disclosure is correct and that I am duly authorised to make this disclosure
by all persons for whom it is made.

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Annexure A
Transaction details for subsidiaries of Mitsubishi UFJ Financial Group, Inc.

Date of
Transaction Holder of Relevant Interest
Transaction
Nature Consideration
Class and number of
securities
N.A. N.A. N.A. N.A. N.A.



Annexure B
Relevant interests held in the Morgan Stanley group

List of Morgan Stanley and its subsidiaries that have a relevant interest or are
deemed to have a relevant interest in the shares.

Name
└─┬─Morgan Stanley
├─┬─Morgan Stanley Capital Management, LLC
│ ├─┬─Morgan Stanley Domestic Holdings, Inc.
│ │ ├───Morgan Stanley Capital Services LLC
│ │ ├─┬─Morgan Stanley Smith Barney LLC
│ │ ├─┬─Morgan Stanley Wealth Management Australia Pty Ltd
│ ├─┬─Morgan Stanley Investment Management Inc.
├─┬─Morgan Stanley International Holdings Inc.
│ ├─┬─Morgan Stanley (Australia) Securities Holdings Pty Limited
│ │ └─┬─Morgan Stanley Australia Securities Limited
│ ├─┬─Morgan Stanley International Limited
│ │ ├─┬─Morgan Stanley Investments (UK)
│ │ │ ├─┬─Morgan Stanley & Co. International plc


Annexure C
Transaction details for the Morgan Stanley group

Date of
Transaction
Holder of Relevant Interest
Transaction
Nature
Consideration
Class and number of
securities
1/10/2020 Morgan Stanley & Co. International plc
Borrow
Returned
N/A 14,027 Ordinary Shares
1/10/2020 Morgan Stanley & Co. International plc Buy 5,896.15 (AUD) 969 Ordinary Shares
1/10/2020 Morgan Stanley & Co. International plc Buy N/A 1,546 Swaps
1/10/2020 Morgan Stanley & Co. International plc Buy N/A 13,044 Swaps

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1/10/2020 Morgan Stanley & Co. International plc Buy N/A 99 Swaps
1/10/2020 Morgan Stanley & Co. International plc
Collateral
Received
N/A 3,119 Ordinary Shares
1/10/2020 Morgan Stanley & Co. International plc
Decrease in
shares held or
in respect of
which the
holder may
exercise right
to
rehypothecate
pursuant to
the
agreement(s)
N/A 2,785,343 Ordinary Shares
1/10/2020 Morgan Stanley & Co. International plc Sell 1,367.35 (AUD) 225 Ordinary Shares
1/10/2020 Morgan Stanley & Co. International plc Sell 1,478.66 (AUD) 243 Ordinary Shares
1/10/2020 Morgan Stanley & Co. International plc Sell 3,050.14 (AUD) 501 Ordinary Shares
1/10/2020 Morgan Stanley & Co. International plc Sell N/A 1,376 Swaps
1/10/2020 Morgan Stanley & Co. International plc Sell N/A 2,101 Swaps
1/10/2020 Morgan Stanley & Co. International plc Sell N/A 3,367 Swaps
1/10/2020 Morgan Stanley & Co. International plc Sell N/A 8,184 Swaps
1/10/2020 Morgan Stanley Australia Securities Limited Buy 1,004.85 (AUD) 165 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 1,099.06 (AUD) 179 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 1,237.26 (AUD) 204 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 1,328.24 (AUD) 219 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 1,367.35 (AUD) 225 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 1,381.68 (AUD) 228 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 1,428.57 (AUD) 234 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 1,478.66 (AUD) 243 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 1,522.50 (AUD) 250 Ordinary Shares

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1/10/2020 Morgan Stanley Australia Securities Limited Buy 1,525.00 (AUD) 250 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 1,712.70 (AUD) 281 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 1,719.23 (AUD) 283 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 1,761.46 (AUD) 289 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 1,839.60 (AUD) 292 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 1,924.89 (AUD) 307 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 1,937.38 (AUD) 314 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 1,965.04 (AUD) 319 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 103.70 (AUD) 17 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 12.12 (AUD) 2 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 125.80 (AUD) 20 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy
13,011.30
(AUD)
2,133 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 145.92 (AUD) 24 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy
15,518.40
(AUD)
2,544 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 165.24 (AUD) 27 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy
17,293.50
(AUD)
2,835 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 18.29 (AUD) 3 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 182.40 (AUD) 30 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 2,009.70 (AUD) 330 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 2,015.24 (AUD) 332 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 2,069.87 (AUD) 341 Ordinary Shares

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1/10/2020 Morgan Stanley Australia Securities Limited Buy 2,104.60 (AUD) 340 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 2,446.10 (AUD) 401 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 2,474.57 (AUD) 406 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 2,490.75 (AUD) 410 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 2,675.25 (AUD) 435 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 2,745.18 (AUD) 453 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 2,953.66 (AUD) 487 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy
23,783.90
(AUD)
3,899 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 24.36 (AUD) 4 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 260.80 (AUD) 43 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 274.50 (AUD) 45 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 276.32 (AUD) 44 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 280.14 (AUD) 46 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 280.14 (AUD) 46 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 280.60 (AUD) 46 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 3,050.14 (AUD) 501 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 3,261.29 (AUD) 529 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 3,342.80 (AUD) 548 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 3,465.97 (AUD) 571 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 3,523.08 (AUD) 561 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 3,544.10 (AUD) 581 Ordinary Shares

7
1/10/2020 Morgan Stanley Australia Securities Limited Buy 3,708.80 (AUD) 610 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 3,887.46 (AUD) 626 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy
35,922.90
(AUD)
5,889 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 36.48 (AUD) 6 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 366.60 (AUD) 60 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 368.70 (AUD) 60 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 373.93 (AUD) 61 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 4,057.05 (AUD) 645 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 4,263.00 (AUD) 700 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 4,678.26 (AUD) 757 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 4,814.28 (AUD) 774 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 4,849.50 (AUD) 795 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 4,969.47 (AUD) 814 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 42.67 (AUD) 7 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 421.94 (AUD) 69 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 425.25 (AUD) 70 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 451.03 (AUD) 74 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 467.78 (AUD) 76 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 5,086.14 (AUD) 823 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 5,219.13 (AUD) 857 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 5,608.89 (AUD) 921 Ordinary Shares

8
1/10/2020 Morgan Stanley Australia Securities Limited Buy 5,759.32 (AUD) 938 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 527.22 (AUD) 87 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 530.70 (AUD) 87 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 535.04 (AUD) 88 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 54.81 (AUD) 9 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 546.30 (AUD) 90 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 577.60 (AUD) 95 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 6.10 (AUD) 1 Ordinary Share
1/10/2020 Morgan Stanley Australia Securities Limited Buy 626.24 (AUD) 103 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 626.24 (AUD) 103 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 626.76 (AUD) 103 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 7,087.50 (AUD) 1,134 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 741.15 (AUD) 122 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 78.91 (AUD) 13 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 793.00 (AUD) 130 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 8,262.72 (AUD) 1,359 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 8,502.31 (AUD) 1,387 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 808.50 (AUD) 132 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 825.52 (AUD) 136 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 855.87 (AUD) 141 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 862.22 (AUD) 141 Ordinary Shares

9
1/10/2020 Morgan Stanley Australia Securities Limited Buy 872.30 (AUD) 143 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 876.24 (AUD) 144 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 895.97 (AUD) 147 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 898.36 (AUD) 148 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Buy 963.20 (AUD) 157 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 1,090.32 (AUD) 177 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 1,105.91 (AUD) 181 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 1,317.60 (AUD) 216 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 1,333.20 (AUD) 220 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 1,424.10 (AUD) 235 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 1,584.12 (AUD) 258 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 1,611.96 (AUD) 266 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 1,678.24 (AUD) 272 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 1,747.05 (AUD) 285 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 1,775.36 (AUD) 292 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 1,875.75 (AUD) 305 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 1,970.30 (AUD) 323 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 1,997.03 (AUD) 329 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell
10,445.52
(AUD)
1,704 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell
12,834.40
(AUD)
2,104 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 12.12 (AUD) 2 Ordinary Shares

10
1/10/2020 Morgan Stanley Australia Securities Limited Sell
13,954.93
(AUD)
2,299 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 145.92 (AUD) 24 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 2,161.95 (AUD) 355 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 2,973.12 (AUD) 489 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 218.88 (AUD) 36 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell
24,515.90
(AUD)
4,019 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell
28,218.60
(AUD)
4,626 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 3,064.32 (AUD) 504 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 3,162.10 (AUD) 515 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 3,544.10 (AUD) 581 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 3,550.20 (AUD) 582 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 363.90 (AUD) 60 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 4,135.11 (AUD) 679 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 4,515.29 (AUD) 739 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 4,902.45 (AUD) 805 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 5,399.70 (AUD) 878 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 5,896.15 (AUD) 969 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 535.04 (AUD) 88 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 584.64 (AUD) 96 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 6,384.00 (AUD) 1,050 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 6,677.00 (AUD) 1,100 Ordinary Shares

11
1/10/2020 Morgan Stanley Australia Securities Limited Sell 6,931.05 (AUD) 1,127 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 620.73 (AUD) 99 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 667.70 (AUD) 110 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell
76,024.30
(AUD)
12,463 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 776.96 (AUD) 128 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 9,320.80 (AUD) 1,528 Ordinary Shares
1/10/2020 Morgan Stanley Australia Securities Limited Sell 937.84 (AUD) 152 Ordinary Shares
1/10/2020 Morgan Stanley Capital Services LLC Buy N/A 5,552 Swaps
1/10/2020 Morgan Stanley Capital Services LLC Sell N/A 1 Swap
1/10/2020 Morgan Stanley Capital Services LLC Sell N/A 357 Swaps
1/10/2020 Morgan Stanley Capital Services LLC Sell N/A 57 Swaps
1/10/2020 Morgan Stanley Capital Services LLC Sell N/A 591 Swaps
1/10/2020 Morgan Stanley Capital Services LLC Sell N/A 7,901 Swaps