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: 20 February, 2020
Date last disclosure made: 19 February, 2020
Date on which substantial holding ceased: 17 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: 24,017,023
(b) total in class: 443,709,223
(c) total percentage held in class:5.413%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 21,503,182
(b) total in class: 443,709,223
(c) total percentage held in class: 4.846%
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.

2
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
subsidiaries 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
2/17/2020
Morgan Stanley & Co.
International plc
Buy N/A 3 Swaps
2/17/2020
Morgan Stanley & Co.
International plc
Collateral Received N/A 7 Ordinary Shares
2/17/2020
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
2,545,506 Ordinary
Shares
2/17/2020
Morgan Stanley & Co.
International plc
Sell N/A 7,085 Swaps
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 1,007.62 (AUD) 166 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 1,032.84 (AUD) 171 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 1,060.50 (AUD) 175 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 1,187.76 (AUD) 196 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 1,232.05 (AUD) 205 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 1,421.75 (AUD) 235 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 1,520.82 (AUD) 252 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 1,542.75 (AUD) 255 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 1,630.14 (AUD) 269 Ordinary Shares

5
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 1,712.15 (AUD) 283 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 1,772.65 (AUD) 293 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 1,772.65 (AUD) 293 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 1,921.02 (AUD) 317 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 10,339.45 (AUD)
1,709 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 108.63 (AUD) 18 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 11,433.72 (AUD)
1,893 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 11,451.84 (AUD)
1,896 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 11,686.14 (AUD)
1,938 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 12,898.60 (AUD)
2,132 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 12,907.80 (AUD)
2,130 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 13,158.75 (AUD)
2,175 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 14,478.10 (AUD)
2,405 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 15,020.73 (AUD)
2,491 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 18,102.06 (AUD)
3,002 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 18.08 (AUD) 3 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 19,060.83 (AUD)
3,161 Ordinary
Shares

6
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 199.49 (AUD) 33 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 2,349.56 (AUD) 389 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 2,408.00 (AUD) 400 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 2,674.67 (AUD) 441 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 2,853.48 (AUD) 474 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 2,936.61 (AUD) 487 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 20,795.72 (AUD)
3,443 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 21,502.40 (AUD)
3,560 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 22,461.75 (AUD)
3,725 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 24,805.00 (AUD)
4,100 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 260.15 (AUD) 43 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 3,071.42 (AUD) 506 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 3,242.10 (AUD) 535 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 3,399.66 (AUD) 561 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 3,727.04 (AUD) 613 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 30.13 (AUD) 5 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 314.08 (AUD) 52 Ordinary Shares

7
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 328.32 (AUD) 54 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 38,710.36 (AUD)
6,409 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 4,058.19 (AUD) 673 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 4,199.58 (AUD) 693 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 42.42 (AUD) 7 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 5,015.45 (AUD) 829 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 5,587.00 (AUD) 925 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 5,590.47 (AUD) 921 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 562.19 (AUD) 93 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 574.75 (AUD) 95 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 6,720.54 (AUD)
1,109 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 6,884.90 (AUD)
1,138 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 649.08 (AUD) 108 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 676.48 (AUD) 112 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 7,713.75 (AUD)
1,275 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 74,757.08 (AUD)
12,377 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 786.50 (AUD) 130 Ordinary Shares

8
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 8,986.98 (AUD)
1,483 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 899.96 (AUD) 149 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 926.42 (AUD) 153 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Buy 968.00 (AUD) 160 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Sell 1,512.50 (AUD) 250 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Sell 10,085.35 (AUD)
1,667 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Sell 16,555.92 (AUD)
2,732 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Sell 18.18 (AUD) 3 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Sell 2,133.12 (AUD) 352 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Sell 2,680.15 (AUD) 443 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Sell 21,852.36 (AUD)
3,606 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Sell 5,581.26 (AUD) 921 Ordinary Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Sell 6,381.18 (AUD)
1,053 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Sell 6,847.80 (AUD)
1,130 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Sell 7,908.30 (AUD)
1,305 Ordinary
Shares
2/17/2020
Morgan Stanley Australia
Securities Limited
Sell 9,503.28 (AUD)
1,576 Ordinary
Shares
2/17/2020
Morgan Stanley Capital Services
LLC
Buy N/A 352 Swaps

9
2/17/2020
Morgan Stanley Capital Services
LLC
Sell N/A 1,278 Swaps
2/17/2020
Morgan Stanley Capital Services
LLC
Sell N/A 1,530 Swaps
2/17/2020
Morgan Stanley Capital Services
LLC
Sell N/A 1,570 Swaps
2/17/2020
Morgan Stanley Capital Services
LLC
Sell N/A 1,790 Swaps
2/17/2020
Morgan Stanley Capital Services
LLC
Sell N/A 10,085 Swaps
2/17/2020
Morgan Stanley Capital Services
LLC
Sell N/A 2,234 Swaps
2/17/2020
Morgan Stanley Capital Services
LLC
Sell N/A 3,913 Swaps
2/17/2020
Morgan Stanley Capital Services
LLC
Sell N/A 497 Swaps