SPH Notice – Mitsubishi UFJ Financial Group, Inc.

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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: 30 March, 2020
Date last disclosure made: 27 March, 2020
Date on which substantial holding ceased: 25 March, 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: 26,491,739
(b) total in class: 443,709,223
(c) total percentage held in class:5.971%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 21,614,084
(b) total in class: 443,709,223
(c) total percentage held in class: 4.871%
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 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
3/25/2020
Morgan Stanley & Co.
International plc
Buy N/A 11,576 Swaps
3/25/2020
Morgan Stanley & Co.
International plc
Buy N/A 28,158 Swaps
3/25/2020
Morgan Stanley & Co.
International plc
Collateral Returned N/A
4,019,840 Ordinary
Shares
3/25/2020
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
914,246 Ordinary
Shares
3/25/2020 Morgan Stanley & Co. LLC
Decrease in shares
held or in respect
of which the holder
may exercise right
to rehypothecate
pursuant to the
agreement(s)
N/A 1,486 Ordinary Shares
3/25/2020
Morgan Stanley Capital Services
LLC
Buy N/A 169 Swaps
3/25/2020
Morgan Stanley Capital Services
LLC
Buy N/A 17,060 Swaps
3/25/2020
Morgan Stanley Capital Services
LLC
Buy N/A 451 Swaps
3/25/2020
Morgan Stanley Capital Services
LLC
Buy N/A 503 Swaps