SPH Notice – The Goldman Sachs Group, Inc. (“GSGI”)

1

Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013

To NZX Limited
and
To The A2 Milk Company Limited (ATM)

Date this disclosure made: 9 June 2021
Date last disclosure made: 9 June 2021
Date on which substantial holding ceased: 2 June 2021
Substantial product holder(s) giving disclosure
Full name(s): The Goldman Sachs Group, Inc. (“GSGI”) on behalf of itself and its subsidiaries
(“Goldman Sachs Group”) including its significant subsidiaries listed in Annexure A.


Summary of previous substantial holding
Class of quoted voting products: Ordinary shares
Summary for GSGI on behalf of itself and the Goldman Sachs Group.

For last disclosure,—
(a) total number held in class: 38,343,045
(b) total in class: 743,410,790
(c) total percentage held in class: 5.1577%

For current holding after ceasing to have substantial holding,—
(a) total number held in class: 36,411,177
(b) total in class: 743,410,790
(c) total percentage held in class: 4.8979%

Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure: Please see Annexure B.

Additional information

Address(es) of substantial product holder(s):

The Goldman Sachs Group, Inc. - Corporation Trust Center, 1209 Orange Street, Wilmington DE
19801, U.S.A.

Goldman Sachs International (GSI) -
Plumtree Court, 25 Shoe Lane, London EC4A 4AU, United
Kingdom

2

Goldman Sachs Asset Management L.P. (GSAMLP) - Corporation Trust Center, 1209 Orange Street,
Wilmington DE 19801, USA

Goldman Sachs Financial Markets Pty Ltd (GAUS) - Level 17, 101 Collins Street, Melbourne,
Victoria 3000, Australia

Goldman Sachs & Co. LLC (GSCO) - 200 West Street, New York, NY 10282, USA

Goldman Sachs Asset Management International (GSAMI) -
Plumtree Court, 25 Shoe Lane,
London EC4A 4AU, United Kingdom

United Capital Financial Advisers LLC - 251 Little Falls Drive , Wilmington DE 19808 , USA

Contact details:
Contact person – Regina Chan
Contact number - 852 2978 7432
Email - gs-reg-ops-pos-sgp@gs.com

Nature of connection between substantial product holders:

The Goldman Sachs Group, Inc. owns, directly or indirectly, at least 99% of the voting securities of
each of:
• Goldman Sachs International;
• Goldman Sachs Financial Markets Pty Ltd;
• Goldman Sachs & Co. LLC.
• Goldman Sachs Asset Management L.P. and
• Goldman Sachs Asset Management International and
• United Capital Financial Advisers LLC


Certification
I, Regina Chan, declare 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.

Signature



Print name


Regina Chan
(signing under power of attorney)

Capacity

Authorised Person

Sign here




Date

09 June 2021

3

Annexure A

Significant Subsidiaries of The Goldman Sachs Group, Inc.
The following are significant subsidiaries of The Goldman Sachs Group, Inc. as of December 31,
2020 and the states or jurisdictions in which they are organized. Each subsidiary is indented
beneath its principal parent. The Goldman Sachs Group, Inc. owns, directly or indirectly, at least
99% of the voting securities of substantially all of the subsidiaries included below. The names of
particular subsidiaries have been omitted because, considered in the aggregate as a single
subsidiary, they would not constitute, as of the end of the year covered by this report, a
“significant subsidiary” as that term is defined in Rule 1-02(w) of Regulation S-X under the
Securities Exchange Act of 1934.

4



THE GOLDMAN SACHS GROUP, INC AND ITS SUBSIDIARIES



Signature



Print name


Regina Chan
(signing under power of attorney)

Capacity

Authorised Person

Sign here




Date

09 June 2021

5



Annexure B

Date of change
Person whose
relevant interest
changed
Nature of Change
Consideration
given in relation
to change (NZD)
Number of
Securities
Class
2021/5/21 GSCO Borrow of securities N/A 1,000,000 Ordinary
2021/5/24 GSI Buy 89,687 15,198 Ordinary
2021/5/24 GSI Sell 27,147 4,626 Ordinary
2021/5/24 GSI Buy 49,291 8,726 Ordinary
2021/5/24 GSCO Return of borrowed securities N/A 83,840 Ordinary
2021/5/24 GSCO Return of borrowed securities N/A 16,301 Ordinary
2021/5/24 GSCO Return of borrowed securities N/A 37,383 Ordinary
2021/5/24 GSCO Return of borrowed securities N/A 30,917 Ordinary
2021/5/24 GSCO Return of borrowed securities N/A 17,153 Ordinary
2021/5/24 GSCO Return of borrowed securities N/A 2,547 Ordinary
2021/5/24 GAUS Sell 7,121 1,192 Ordinary
2021/5/24 GAUS Buy 166,526 28,644 Ordinary
2021/5/24 GAUS Buy 375,218 64,335 Ordinary
2021/5/24 GAUS Buy 1,459,841 250,000 Ordinary
2021/5/25 GSAMLP Sell 2,320 403 Ordinary
2021/5/25 GSI Buy 9,302 1,615 Ordinary
2021/5/25 GSI Buy 115,404 20,060 Ordinary
2021/5/25 GSI Buy 59,802 10,386 Ordinary
2021/5/25 GSI Buy 32,900 5,472 Ordinary
2021/5/25 GSCO Return of borrowed securities N/A 214,382 Ordinary
2021/5/25 GSCO Return of borrowed securities N/A 1,380,233 Ordinary
2021/5/25 GSI Sell 29,118 5,068 Ordinary
2021/5/25 GAUS Buy 201,684 35,159 Ordinary
2021/5/25 GAUS Buy 1,146,580 200,000 Ordinary
2021/5/26 GSAMLP Sell 265 46 Ordinary
2021/5/26 GSI Sell 113,376 20,060 Ordinary
2021/5/26 GSCO Borrow of securities N/A 1,560 Ordinary
2021/5/26 GSCO Return of borrowed securities N/A 1,560 Ordinary
2021/5/26 GSCO Return of borrowed securities N/A 200,000 Ordinary
2021/5/26 GSI Return of borrowed securities N/A 325,600 Ordinary
2021/5/26 GSI Sell 37,560 6,674 Ordinary
2021/5/26 GAUS Sell 15,735 2,774 Ordinary
2021/5/26 GAUS Buy 15,764 2,774 Ordinary
2021/5/26 GAUS Sell 183,098 32,280 Ordinary
2021/5/26 GAUS Buy 27,646 4,905 Ordinary
2021/5/26 GAUS Sell 138,787 24,468 Ordinary
2021/5/27 GSAMLP Buy 8,601 1,509 Ordinary
2021/5/27 GSI Buy 5,860 1,028 Ordinary

6

Date of change
Person whose
relevant interest
changed
Nature of Change
Consideration
given in relation
to change (NZD)
Number of
Securities
Class
2021/5/27 GSI Buy 29,118 5,068 Ordinary
2021/5/27 GSI Sell 337,425 60,009 Ordinary
2021/5/27 GAUS Sell 15,735 2,788 Ordinary
2021/5/27 GAUS Buy 15,558 2,788 Ordinary
2021/5/27 GAUS Buy 75,810 13,733 Ordinary
2021/5/27 GSI Sell 145,240 25,637 Ordinary
2021/5/28 GSAMLP Sell 39,214 6,669 Ordinary
2021/5/28 GSAMI Sell 18,728 3,185 Ordinary
2021/5/28 GSAMLP Sell 21,233 3,611 Ordinary
2021/5/28 GSAMLP Sell 272,497 46,560 Ordinary
2021/5/28 GSI Buy 37,559 6,674 Ordinary
2021/5/28 GSI Sell 31,809 5,406 Ordinary
2021/5/28 GAUS Sell 31,589 5,555 Ordinary
2021/5/28 GAUS Buy 31,820 5,554 Ordinary
2021/5/28 GAUS Buy 27,725 4,736 Ordinary
2021/5/28 GAUS Buy 1,179,181 200,000 Ordinary
2021/5/28 GAUS Buy 96,990 17,056 Ordinary
2021/5/28 GSI Sell 133,912 22,588 Ordinary
2021/5/31 GSI Buy 337,419 60,009 Ordinary
2021/5/31 GSI Sell 28,118 4,933 Ordinary
2021/5/31 GSI Sell 29,580 5,049 Ordinary
2021/5/31 GAUS Buy 48,296 8,236 Ordinary
2021/5/31 GAUS Buy 86,290 14,682 Ordinary
2021/5/31 GAUS Buy 1,172,302 200,000 Ordinary
2021/6/1 GSI Sell 116,386 19,259 Ordinary
2021/6/1 GSI Buy 31,809 5,406 Ordinary
2021/6/1 GSI Buy 133,876 22,588 Ordinary
2021/6/1 GSI Sell 80 14 Ordinary
2021/6/1 GSCO Borrow of securities N/A 2,000 Ordinary
2021/6/1 GSCO Return of borrowed securities N/A 740,000 Ordinary
2021/6/1 GSI Sell 53,101 8,769 Ordinary
2021/6/1 GAUS Sell 18,751 3,087 Ordinary
2021/6/1 GAUS Buy 39,776 6,550 Ordinary
2021/6/2 GSAMLP Buy 10,291 1,687 Ordinary
2021/6/2 GSAMLP Sell 26,303 4,312 Ordinary
2021/6/2 GSI Buy 29,580 5,049 Ordinary
2021/6/2 GSI Return of borrowed securities N/A 800,000 Ordinary
2021/6/2 GSI Return of borrowed securities N/A 170,000 Ordinary
2021/6/2 GSI Sell 60,432 9,899 Ordinary
2021/6/2 GAUS Sell 441 72 Ordinary
2021/6/2 GAUS Buy 14,025 2,304 Ordinary
2021/6/2 GAUS Buy 1,149,919 187,550 Ordinary