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: 14 February, 2020
Date last disclosure made: 13 February, 2020
Date on which substantial holding ceased: 11 February, 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: 25,535,816
(b) total in class: 443,709,223
(c) total percentage held in class:5.755%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 20,199,189
(b) total in class: 443,709,223
(c) total percentage held in class: 4.552%
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.

└─┬─Morgan Stanley
├─┬─Morgan Stanley Capital Management, LLC
│ ├─┬─Morgan Stanley Domestic Holdings, Inc.
│ │ ├───Morgan Stanley & Co. LLC
│ │ ├───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

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Annexure C
Transaction details for the Morgan Stanley group


Date of
Transaction
Holder of Relevant Interest
Transaction
Nature
Consideration
Class and number of
securities
2/11/2020 Morgan Stanley & Co. International plc Buy 5,280.22 (AUD) 863 Ordinary Shares
2/11/2020 Morgan Stanley & Co. International plc
Collateral
Returned
N/A
580,355 Ordinary
Shares
2/11/2020 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
4,774,849 Ordinary
Shares
2/11/2020 Morgan Stanley & Co. International plc Sell 1,437.41 (AUD) 235 Ordinary Shares
2/11/2020 Morgan Stanley & Co. International plc Sell 3,488.14 (AUD) 570 Ordinary Shares
2/11/2020 Morgan Stanley & Co. International plc Sell 354.67 (AUD) 58 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 1,083.24 (AUD) 177 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 1,329.80 (AUD) 218 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 1,377.00 (AUD) 225 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 1,437.41 (AUD) 235 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 1,487.16 (AUD) 243 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 1,697.40 (AUD) 276 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 1,751.75 (AUD) 286 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 116.09 (AUD) 19 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Buy
12,910.43
2,113 Ordinary Shares

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Limited (AUD)
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy
13,423.67
(AUD)
2,197 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 140.76 (AUD) 23 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy
18,356.63
(AUD)
2,997 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy
19,132.65
(AUD)
3,111 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy
19,891.85
(AUD)
3,245 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 2,139.37 (AUD) 349 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 2,191.98 (AUD) 357 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 2,770.76 (AUD) 452 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 2,799.84 (AUD) 456 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 2,963.35 (AUD) 485 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy
23,277.75
(AUD)
3,785 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 3,412.01 (AUD) 553 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 3,488.14 (AUD) 570 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 3,923.20 (AUD) 640 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 354.67 (AUD) 58 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 372.10 (AUD) 61 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 4,393.09 (AUD) 719 Ordinary Shares

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2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 5,264.40 (AUD) 856 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 5,304.96 (AUD) 864 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 528.04 (AUD) 86 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 55.08 (AUD) 9 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 6,000.02 (AUD) 982 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 6,120.00 (AUD) 1,000 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 6,360.51 (AUD) 1,041 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 6,543.60 (AUD) 1,064 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 6,562.14 (AUD) 1,074 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 6.12 (AUD) 1 Ordinary Share
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 624.75 (AUD) 102 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 7,774.20 (AUD) 1,260 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 726.88 (AUD) 118 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 733.04 (AUD) 119 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 8,341.56 (AUD) 1,363 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Buy 826.20 (AUD) 135 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Sell 1,030.39 (AUD) 167 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Sell 1,320.84 (AUD) 216 Ordinary Shares

7
Limited
2/11/2020
Morgan Stanley Australia Securities
Limited
Sell 1,903.32 (AUD) 311 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Sell 110.25 (AUD) 18 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Sell 18.38 (AUD) 3 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Sell 2,741.76 (AUD) 448 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Sell 2,954.66 (AUD) 482 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Sell 282.44 (AUD) 46 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Sell 3,412.01 (AUD) 553 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Sell 4,753.58 (AUD) 778 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Sell 49.08 (AUD) 8 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Sell 5,280.22 (AUD) 863 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Sell 528.04 (AUD) 86 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Sell 55.08 (AUD) 9 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Sell 6.12 (AUD) 1 Ordinary Share
2/11/2020
Morgan Stanley Australia Securities
Limited
Sell 617.11 (AUD) 101 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Sell 7,356.44 (AUD) 1,204 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Sell 79.82 (AUD) 13 Ordinary Shares
2/11/2020
Morgan Stanley Australia Securities
Limited
Sell 904.05 (AUD) 147 Ordinary Shares

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2/11/2020 Morgan Stanley Capital Services LLC Buy N/A 1,162 Swaps
2/11/2020 Morgan Stanley Capital Services LLC Buy N/A 398 Swaps
2/11/2020 Morgan Stanley Capital Services LLC Sell N/A 3,284 Swaps
2/11/2020 Morgan Stanley Capital Services LLC Sell N/A 3,602 Swaps
2/11/2020 Morgan Stanley Capital Services LLC Sell N/A 4,567 Swaps