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: 20 October 2020
Date last disclosure made: 14 October 2020
Date on which substantial holding ceased: 16 October 2020

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: 37,477,096 shares
(b) total in class: 742,588,971 shares
(c) total percentage held in class: 5.05%

For current holding after ceasing to have substantial holding, —
(a) total number held in class: 36,754,383 shares
(b) total in class: 742,590,957 shares
(c) total percentage held in class: 4.95%

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, Australia Branch Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
UBS AG Hong Kong Branch
52 Floor Two International Finance Centre, 8 Finance Street,
Central, Hong Kong
UBS AG London Branch 5 Broadgate, London, United Kingdom
UBS AG Singapore Branch One Raffles Quay,#50-01 North Tower, Singapore 048583
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 (UK)
Limited
5 Broadgate, London, United Kingdom
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 Fund Management
(Luxembourg) S.A.
33A avenue J.F. Kennedy, Luxembourg
UBS Fund Management
(Switzerland) AG
Aeschenplatz 6, Basel, Switzerland
UBS Securities Australia Ltd Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
UBS Switzerland AG Bahnhofstrasse 45, Zürich, Switzerland

Contact details: Andrew Costley
Tel: +852 3712 3707
Email: andrew.costley@ubs.com

Nature of connection between substantial product holders:
UBS AG Australia Branch : Related body corporate
UBS AG Hong Kong Branch : Related body corporate
UBS AG London Branch : Related body corporate
UBS AG Singapore Branch: Related body corporate
UBS Asset Management (Australia) Ltd: Related body corporate
UBS Asset Management (Deutschland) GmbH: Related body corporate
UBS Asset Management (UK) Limited: 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 Fund Management (Luxembourg) S.A.: Related body corporate
UBS Fund Management (Switzerland) AG: Related body corporate
UBS Securities Australia Ltd: Related body corporate
UBS Switzerland AG: 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:

20 October 2020

Print Name:


Joanne Chan

Capacity:

Authorised signatory

Sign Here:


Date:

20 October 2020

ATM - Appendix A
Date of
change
Person whose relevant interest
changed
Nature of Change
Consideration given in
relation to change
Number of securities
Class
12-Oct-20
UBS Securities Australia Ltd
Sell
279
(18)

Ordinary
12-Oct-20
UBS Switzerland AG
Stock returned
N/A
(119,222)

Ordinary
12-Oct-20
UBS Switzerland AG
Stock returned
N/A
(13,352)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
393,885
(25,000)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Buy
393,752
25,000

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
760
(49)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
14,956
(964)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
1,212
(78)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
264
(17)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
1,166
(75)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
31
(2)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
10,541
(678)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
606
(39)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
16
(1)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
187
(12)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
513
(33)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
155
(10)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
435
(28)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
2,503
(161)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
13,635
(877)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
18,143
(1,167)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
1,493
(96)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
16,620
(1,069)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
5,659
(364)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
264
(17)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
1,788
(115)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
5,784
(372)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
482
(31)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
404
(26)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
4,462
(287)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
1,555
(100)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
1,415
(91)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
13,339
(858)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
12,344
(794)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
18,112
(1,165)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
7,872
(506)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
19,696
(1,266)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
45,024
(2,894)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
27,957
(1,797)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
126
(8)

Ordinary
12-Oct-20
UBS Securities Australia Ltd
Sell
189
(12)

Ordinary
12-Oct-20
UBS AG London Branch
Buy
2,047
130

Ordinary
12-Oct-20
UBS AG, London Branch
Buy
378,028
23,998

Ordinary
12-Oct-20
UBS AG, London Branch
Sell
8,852
(562)

Ordinary
12-Oct-20
UBS AG, London Branch
Sell
2,882
(183)

Ordinary
12-Oct-20
UBS AG, Australia Branch
Buy
35,054
2,260

Ordinary
12-Oct-20
UBS AG, Australia Branch
Buy
56,025
3,611

Ordinary
12-Oct-20
UBS AG, Australia Branch
Buy
348,265
22,447

Ordinary
12-Oct-20
UBS AG, Australia Branch
Buy
217,896
14,048

Ordinary
13-Oct-20
UBS Switzerland AG
Buy
3,142
200

Ordinary
13-Oct-20
UBS Switzerland AG
Buy
1,600
100

Ordinary
13-Oct-20
UBS Switzerland AG
Buy
1,565
100

Ordinary
13-Oct-20
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
2,000

Options
13-Oct-20
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
1,000

Options
13-Oct-20
UBS Securities Australia Ltd
Stock returned
N/A
(29,907)

Ordinary
13-Oct-20
UBS Securities Australia Ltd
Stock returned
N/A
(174,086)

Ordinary
13-Oct-20
UBS Switzerland AG
Stock borrowed
N/A
1
Ordinary
13-Oct-20
UBS AG London Branch
Sell
16,571
(1,028)

Ordinary
13-Oct-20
UBS AG London Branch
Buy
238,657
14,805

Ordinary
13-Oct-20
UBS Securities Australia Ltd
Sell
11,275
(712)

Ordinary
13-Oct-20
UBS Securities Australia Ltd
Sell
9,760
(613)

Ordinary
13-Oct-20
UBS Securities Australia Ltd
Buy
122,301
7,697

Ordinary
13-Oct-20
UBS Securities Australia Ltd
Sell
32,764
(2,062)

Ordinary
13-Oct-20
UBS Securities Australia Ltd
Sell
105,888
(6,664)

Ordinary
13-Oct-20
UBS Securities Australia Ltd
Sell
122,301
(7,697)

Ordinary
13-Oct-20
UBS Securities Australia Ltd
Sell
96
(6)

Ordinary
13-Oct-20
UBS Securities Australia Ltd
Sell
48
(3)

Ordinary
13-Oct-20
UBS AG London Branch
Buy
238,657
14,805

Ordinary
13-Oct-20
UBS AG London Branch
Sell
3,532
(220)

Ordinary
13-Oct-20
UBS AG London Branch
Buy
0
220

Ordinary
13-Oct-20
UBS AG London Branch
Sell
16,571
(1,028)

Ordinary
13-Oct-20
UBS AG London Branch
Sell
46,415
(2,874)

Ordinary
13-Oct-20
UBS AG London Branch
Sell
369,406
(22,951)

Ordinary
13-Oct-20
UBS AG London Branch
Sell
73,202
(4,547)

Ordinary
13-Oct-20
UBS AG, Australia Branch
Buy
644,308
40,417

Ordinary
13-Oct-20
UBS AG, Australia Branch
Buy
28,131
1,776

Ordinary
13-Oct-20
UBS AG, Australia Branch
Buy
2,067
131

Ordinary
13-Oct-20
UBS AG, Australia Branch
Buy
174,853
11,039

Ordinary
13-Oct-20
UBS AG, Australia Branch
Buy
12,846
814

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(75,526)

Options
14-Oct-20
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(75,526)

Options
14-Oct-20
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
75,526

Options
14-Oct-20
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(21,290)

Options
14-Oct-20
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(21,290)

Options
14-Oct-20
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
21,290

Options
14-Oct-20
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(30,000)

Options
14-Oct-20
UBS Securities Australia Ltd
Stock borrowed
N/A
3,500,000

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Stock returned
N/A
(12,000)

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Stock returned
N/A
(120,000)

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Stock returned
N/A
(150,000)

Ordinary
14-Oct-20
UBS Switzerland AG
Stock returned
N/A
(1)

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
1,308,352
80,000

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Sell
1,308,349
(80,000)

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
809
50

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
437
27

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
8,866
548

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
2,991
185

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
388
24

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
49
3
Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
372
23

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
32
2
Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
65
4
Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
3,001
185

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
12,702
782

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
1,497
92

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
1,888
116

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
81
5
Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
22,150
1,361

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
130,406
8,174

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
28,541
1,789

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
1,133
71

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
67,835
4,252

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
146,365
9,029

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
4,717
291

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
457,801
28,241

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
75,881
4,681

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
14,735
909

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
97
6
Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
2,091
129

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
1,556
96

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
434,944
26,831

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
102,240
6,307

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
162,608
10,031

Ordinary
14-Oct-20
UBS Securities Australia Ltd
Buy
30,330
1,871

Ordinary
14-Oct-20
UBS AG London Branch
Sell
0
(33,348)

Ordinary
14-Oct-20
UBS AG London Branch
Sell
0
(4,222)

Ordinary
14-Oct-20
UBS AG London Branch
Buy
68,864
4,222

Ordinary
14-Oct-20
UBS AG London Branch
Buy
542,455
33,348

Ordinary
14-Oct-20
UBS AG London Branch
Sell
205,585
(12,555)

Ordinary
14-Oct-20
UBS AG London Branch
Buy
6,676
408

Ordinary
14-Oct-20
UBS AG, London Branch
Buy
334,374
20,493

Ordinary
14-Oct-20
UBS AG, London Branch
Sell
20,027
(1,227)

Ordinary
14-Oct-20
UBS AG, Australia Branch
Buy
1,043,046
64,749

Ordinary
14-Oct-20
UBS AG, Australia Branch
Buy
148,848
9,240

Ordinary
14-Oct-20
UBS AG, Australia Branch
Buy
9,647
592

Ordinary
14-Oct-20
UBS AG, Australia Branch
Buy
16,076
990

Ordinary
14-Oct-20
UBS AG, Australia Branch
Buy
59,970
3,680

Ordinary
14-Oct-20
UBS AG, Australia Branch
Buy
99,883
6,151

Ordinary
15-Oct-20
UBS Switzerland AG
Buy
6,484
400

Ordinary
15-Oct-20
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
30,000

Options
15-Oct-20
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(50,000)

Options

15-Oct-20
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(100,000)

Options
15-Oct-20
UBS Switzerland AG
Stock borrowed
N/A
10,582

Ordinary
15-Oct-20
UBS AG London Branch
Buy
46,006
2,921

Ordinary
15-Oct-20
UBS Securities Australia Ltd
Sell
157,769
(10,000)

Ordinary
15-Oct-20
UBS Securities Australia Ltd
Buy
9,963
631

Ordinary
15-Oct-20
UBS Securities Australia Ltd
Buy
6,316
400

Ordinary
15-Oct-20
UBS Securities Australia Ltd
Buy
3,190
202

Ordinary
15-Oct-20
UBS Securities Australia Ltd
Buy
1,547
98

Ordinary
15-Oct-20
UBS Securities Australia Ltd
Buy
189
12

Ordinary
15-Oct-20
UBS Securities Australia Ltd
Buy
1,579
100

Ordinary
15-Oct-20
UBS Securities Australia Ltd
Buy
900
57

Ordinary
15-Oct-20
UBS Securities Australia Ltd
Buy
1,310
83

Ordinary
15-Oct-20
UBS Securities Australia Ltd
Buy
158
10

Ordinary
15-Oct-20
UBS Securities Australia Ltd
Buy
237
15

Ordinary
15-Oct-20
UBS Securities Australia Ltd
Buy
632
40

Ordinary
15-Oct-20
UBS Securities Australia Ltd
Buy
522
33

Ordinary
15-Oct-20
UBS Securities Australia Ltd
Buy
14,975
946

Ordinary
15-Oct-20
UBS Securities Australia Ltd
Buy
5,905
373

Ordinary
15-Oct-20
UBS Securities Australia Ltd
Buy
157,692
10,000

Ordinary
15-Oct-20
UBS Securities Australia Ltd
Sell
47,397
(3,000)

Ordinary
15-Oct-20
UBS Securities Australia Ltd
Buy
104,997
6,689

Ordinary
15-Oct-20
UBS Securities Australia Ltd
Buy
400,522
25,516

Ordinary
15-Oct-20
UBS Securities Australia Ltd
Sell
481,500
(30,000)

Ordinary
15-Oct-20
UBS Securities Australia Ltd
Sell
110
(7)

Ordinary
15-Oct-20
UBS AG London Branch
Buy
0
1,938

Ordinary
15-Oct-20
UBS AG London Branch
Sell
0
(33,348)

Ordinary
15-Oct-20
UBS AG London Branch
Sell
30,524
(1,938)

Ordinary
15-Oct-20
UBS AG London Branch
Buy
528,426
33,348

Ordinary
15-Oct-20
UBS AG London Branch
Buy
46,006
2,921

Ordinary
15-Oct-20
UBS AG, London Branch
Buy
246,352
15,610

Ordinary
15-Oct-20
UBS AG, Australia Branch
Sell
172,369
(10,908)

Ordinary
15-Oct-20
UBS AG, London Branch
Sell
44,545
(2,794)

Ordinary
15-Oct-20
UBS AG, London Branch
Sell
956,500
(59,995)

Ordinary
15-Oct-20
UBS AG, Australia Branch
Sell
593,255
(37,211)

Ordinary
15-Oct-20
UBS AG, Australia Branch
Buy
14,001
890

Ordinary
15-Oct-20
UBS AG, Australia Branch
Buy
591
37

Ordinary
15-Oct-20
UBS AG, Australia Branch
Buy
320
20

Ordinary
15-Oct-20
UBS AG, Australia Branch
Buy
17,902
1,138

Ordinary
15-Oct-20
UBS AG, Australia Branch
Buy
26,334
1,674

Ordinary
15-Oct-20
UBS AG, Australia Branch
Buy
52,428
3,319

Ordinary
15-Oct-20
UBS AG, Australia Branch
Buy
35,636
2,256

Ordinary
15-Oct-20
UBS AG, Australia Branch
Buy
399
25

Ordinary
15-Oct-20
UBS AG, Australia Branch
Buy
27,880
1,765

Ordinary
15-Oct-20
UBS AG, Australia Branch
Buy
2,492
156

Ordinary
15-Oct-20
UBS AG, Australia Branch
Buy
111,234
7,071

Ordinary
15-Oct-20
UBS AG, Australia Branch
Buy
87,040
5,533

Ordinary
15-Oct-20
UBS AG, Australia Branch
Buy
221,527
14,024

Ordinary
15-Oct-20
UBS AG, Australia Branch
Buy
163,634
10,402

Ordinary
15-Oct-20
UBS AG, Australia Branch
Buy
1,949
122

Ordinary
15-Oct-20
UBS AG, Australia Branch
Buy
3,658
229

Ordinary
15-Oct-20
UBS AG, Australia Branch
Buy
325,894
20,631

Ordinary
15-Oct-20
UBS AG, Australia Branch
Buy
173,349
10,974

Ordinary
16-Oct-20
UBS Asset Management
Buy
20,123
1,285

Ordinary
16-Oct-20
UBS Switzerland AG
Buy
5,181
325

Ordinary
16-Oct-20
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
2,000

Options
16-Oct-20
UBS Securities Australia Ltd
Stock returned
N/A
(400,000)

Ordinary
16-Oct-20
UBS Securities Australia Ltd
Stock returned
N/A
(232,765)

Ordinary
16-Oct-20
UBS Securities Australia Ltd
Stock returned
N/A
(1,861,000)

Ordinary
16-Oct-20
UBS Securities Australia Ltd
Stock returned
N/A
(500,000)

Ordinary
16-Oct-20
UBS Securities Australia Ltd
Stock returned
N/A
(355,000)

Ordinary
16-Oct-20
UBS Securities Australia Ltd
Stock returned
N/A
(50,000)

Ordinary
16-Oct-20
UBS Securities Australia Ltd
Stock returned
N/A
(200,000)

Ordinary
16-Oct-20
UBS Switzerland AG
Stock returned
N/A
(10,582)

Ordinary
16-Oct-20
UBS AG London Branch
Sell
13,466
(848)

Ordinary
16-Oct-20
UBS Securities Australia Ltd
Buy
3,929
251

Ordinary
16-Oct-20
UBS AG London Branch
Sell
20,422
(1,292)

Ordinary
16-Oct-20
UBS AG London Branch
Buy
0
1,296

Ordinary
16-Oct-20
UBS AG London Branch
Sell
13,466
(848)

Ordinary
16-Oct-20
UBS AG, London Branch
Buy
493,699
31,334

Ordinary
16-Oct-20
UBS AG, Australia Branch
Buy
5,706
364

Ordinary
16-Oct-20
UBS AG, Australia Branch
Buy
4,468
285

Ordinary
16-Oct-20
UBS AG, Australia Branch
Buy
8,387
535

Ordinary
16-Oct-20
UBS AG, Australia Branch
Buy
52,169
3,328

Ordinary
16-Oct-20
UBS AG, Australia Branch
Buy
35,459
2,262

Ordinary
16-Oct-20
UBS AG, Australia Branch
Buy
27,746
1,770

Ordinary