SPH Notice – UBS Group AG and its related bodies corporate

Disclosure of movement of 1% or more in substantial holding or change in nature of
relevant interest, or both
Sections 277 and 278, Financial Markets Conduct Act 2013

To: NZX Limited
and
To: Ventia Services Group Limited
Relevant event being disclosed: Movement of 1% or more in substantial holding
Date of relevant event: 14 March 2023
Date this disclosure made: 16 March 2023
Date last disclosure made: 14 March 2023

Substantial product holder(s) giving disclosure
Full name(s): UBS Group AG and its related bodies corporate

Summary of substantial holding
Class of quoted voting products: Ordinary shares
Summary for: UBS Group AG and its related bodies corporate
For this disclosure,—
(a) total number held in class: 48,186,894 shares
(b) total in class: 855,484,445 shares
(c) total percentage held in class: 5.63%
For last disclosure,—
(a) total number held in class: 59,002,472 s hares
(b) total in class: 855,484,445 shares
(c) total percentage held in class: 6.90%

Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: Please see Appendix B.

Details for: UBS AG London Branch
Nature of relevant interest(s): Beneficial Owner
For that relevant interest,—
(a) number held in class: 22,359
(b) percentage held in class: 0.003%
(c) current registered holder(s): Not applicable
(d) registered holder(s) once transfers are registered: UBS AG London Branch

For a derivative relevant interest, also—
(a) type of derivative: Swap on Indices
(b) details of derivative: 653 cash-settled swap on indices (0.0001% held in class)
(c) parties to the derivative: Please see Appendix A
(d) if the substantial product holder is not a party to the derivative, the nature of the relevant
interest in the derivative: UBS AG London Branch

For a derivative relevant interest, also—
(a) type of derivative: Swaps on Baskets
(b) details of derivative: 438,063 Cash-settled Swaps on Baskets (0.051% held in class)
(c) parties to the derivative: Please see Appendix A
(d) if the substantial product holder is not a party to the derivative, the nature of the relevant
interest in the derivative: UBS AG London Branch

Details for: UBS Asset Management (Australia) Ltd
Nature of relevant interest(s): Fund Manager with power to exercise control over voting shares
For that relevant interest,—
(a) number held in class: 1,180,772
(b) percentage held in class: 0.138%
(c) current registered holder(s): Not applicable
(d) registered holder(s) once transfers are registered: UBS Asset Management (Australia) Ltd
For a derivative relevant interest, also—
(a) type of derivative: Not applicable
(b) details of derivative: Not applicable
(c) parties to the derivative: Not applicable
(d) if the substantial product holder is not a party to the derivative, the nature of the relevant
interest in the derivative: Not applicable

Details for: UBS Asset Management (UK) Limited
Nature of relevant interest(s): Fund Manager with power to exercise control over voting shares
For that relevant interest,—
(a) number held in class: 57,561
(b) percentage held in class: 0.007%
(c) current registered holder(s): Not applicable
(d) registered holder(s) once transfers are registered: UBS Asset Management (UK) Limited
For a derivative relevant interest, also—

(a) type of derivative: Not applicable
(b) details of derivative: Not applicable
(c) parties to the derivative: Not applicable
(d) if the substantial product holder is not a party to the derivative, the nature of the relevant
interest in the derivative: Not applicable

Details for: UBS Fund Management (Luxembourg) S.A.
Nature of relevant interest(s): Fund Manager with power to exercise control over voting shares
For that relevant interest,—
(a) number held in class: 9,808
(b) percentage held in class: 0.001%
(c) current registered holder(s): Not applicable
(d) registered holder(s) once transfers are registered: UBS Fund Management (Luxembourg) S.A.
For a derivative relevant interest, also—
(a) type of derivative: Not applicable
(b) details of derivative: Not applicable
(c) parties to the derivative: Not applicable
(d) if the substantial product holder is not a party to the derivative, the nature of the relevant
interest in the derivative: Not applicable

Details for: UBS Fund Management (Switzerland) AG
Nature of relevant interest(s): Fund Manager with power to exercise control over voting shares
For that relevant interest,—
(a) number held in class: 75,486
(b) percentage held in class: 0.009%
(c) current registered holder(s): Not applicable
(d) registered holder(s) once transfers are registered: UBS Fund Management (Switzerland) AG

For a derivative relevant interest, also—
(a) type of derivative: Not applicable
(b) details of derivative: Not applicable
(c) parties to the derivative: Not applicable
(d) if the substantial product holder is not a party to the derivative, the nature of the relevant
interest in the derivative: Not applicable

Details for : UBS AG Australia Branch
Nature of relevant interest(s): Prime Broker that has the right to exercise its borrowing right in respect of
shares pursuant to a Prime Broking Agreement
For that relevant interest,—
(a) number held in class: 31,955,441
(b) percentage held in class: 3.735%
(c) current registered holder(s): Not applicable
(d) registered holder(s) once transfers are registered: UBS AG Australia Branch

For a derivative relevant interest, also—
(a) type of derivative: Not applicable
(b) details of derivative: Not applicable
(c) parties to the derivative: Not applicable
(d) if the substantial product holder is not a party to the derivative, the nature of the relevant
interest in the derivative: Not applicable

Details for: UBS Securities Australia Ltd
Nature of relevant interest(s): Beneficial Owner
For that relevant interest,—
(a) number held in class: 14,446,751
(b) percentage held in class: 1.689%
(c) current registered holder(s): Not applicable
(d) registered holder(s) once transfers are registered: UBS AG London Branch

For a derivative relevant interest, also—
(a) type of derivative: Not applicable
(b) details of derivative: Not applicable
(c) parties to the derivative: Not applicable
(d) if the substantial product holder is not a party to the derivative, the nature of the relevant
interest in the derivative: Not applicable

Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure: Please see Appendix B.
Additional information
Address(es) of substantial product holder(s):

Name Addresses
UBS AG London Branch 5 Broadgate, London, United Kingdom
UBS Asset Management
(Australia) Ltd
Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
UBS Asset Management (UK)
Limited
5 Broadgate, London, United Kingdom
UBS Fund Management
(Luxembourg) S.A.
33A avenue J.F. Kennedy, Luxembourg
UBS Fund Management
(Switzerland) AG
Aeschenplatz 6, Basel, Switzerland
UBS AG, Australia Branch Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
UBS Securities Australia Ltd Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia

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

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

16 March 2023

Print Name:


Florian Naef

Capacity:

Authorised signatory

Sign Here:



Date:

16 March 2023

Appendix A - For a derivative relevant interest
CurrencySettlement Type
Expiry date
of Derivative (B)
Prices Specified in the terms
of the derivative (if any)
Parties to the Derivative (C)
Swaps on Indices11,000*Not ApplicableCash08 August 2023Not ApplicableNot Applicable
Swaps on Indices2,008*Not ApplicableCash15 September 2023Not ApplicableNot Applicable
Swaps on Indices1,310*Not ApplicableCash15 September 2023Not ApplicableNot Applicable
Swaps on Indices2,235*Not ApplicableCash25 May 2023Not ApplicableNot Applicable
Swaps on Indices6,927*Not ApplicableCash31 August 2023Not ApplicableNot Applicable
Swaps on Baskets2AUDCash09 September 20252.3800Not Applicable
Swaps on Baskets279,259AUDCash22 August 20242.3106Not Applicable
Swaps on Baskets14,546AUDCash28 October 20242.3045Not Applicable
Swaps on Baskets42,164AUDCash01 October 20242.3246Not Applicable
Swaps on Baskets8,464AUDCash01 March 20242.3100Not Applicable
Swaps on Baskets39,579AUDCash20 November 20242.2918Not Applicable
Swaps on Baskets208,714AUDCash10 June 20272.3000Not Applicable
Swaps on Baskets418,430AUDCash11 October 20242.3109Not Applicable
Notes:
* Notional value of the Derivative for the Swaps on Indices refer to the position quantity
Currency/Price is not available for the Swaps on Indices
Details of Derivative (B)
Details for Type of Derivative (A)
Notional value
of the Derivative
UBS AG London Branch

VNT - Appendix B
Date of
change
Person whose relevant interest changed
Nature of Change
Consideration given in
relation to change
Number of securities
Class
10-Mar-23
UBS AG London Branch
Change in right of rehypothecation
N/A
(722,969)

Right of rehypothecation
13-Mar-23
UBS AG Australia Branch
Change in right of rehypothecation
N/A
(105,009)

Right of rehypothecation
13-Mar-23
UBS Securities Australia Ltd
Buy
55
24

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Buy
55
24

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Buy
377
163

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Buy
409
177

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Buy
875,908
381,496

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Sell
961,475
(418,609)

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Buy
29,499
12,863

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Buy
11,635
5,103

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Sell
15,209
(6,584)

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Sell
194,969
(84,934)

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Buy
211,726
92,203

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Sell
13,957
(6,064)

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Buy
810,620
353,172

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Sell
1,566,827
(681,309)

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Sell
129,667
(56,481)

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Sell
14,546
(6,312)

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Sell
387,985
(169,341)

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Buy
220,232
95,885

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Sell
569,974
(246,742)

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Buy
19,755
8,589

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Sell
70,292
(30,711)

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Sell
2
(1)

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Sell
17,525
(7,598)

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Buy
954,811
416,801

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Sell
1,202,509
(523,753)

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Sell
344,218
(149,222)

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Sell
213,517
(92,753)

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Sell
62,754
(27,244)

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Sell
1,260
(547)

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Sell
20,076
(8,737)

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Sell
164,000
(71,434)

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Sell
30,202
(13,173)

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Sell
24,943
(10,921)

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Buy
120,693
52,742

Ordinary
13-Mar-23
UBS Securities Australia Ltd
Sell
1,846
(801)

Ordinary
13-Mar-23
UBS AG London Branch
N/A
Enter into derivative contract
(5,103)

Swap
13-Mar-23
UBS AG London Branch
N/A
Enter into derivative contract
6,584

Swap
13-Mar-23
UBS AG London Branch
N/A
Enter into derivative contract
84,934

Swap
13-Mar-23
UBS AG London Branch
N/A
Enter into derivative contract
(92,203)

Swap
13-Mar-23
UBS AG London Branch
N/A
Enter into derivative contract
6,064

Swap
13-Mar-23
UBS AG London Branch
N/A
Enter into derivative contract
246,742

Swap
13-Mar-23
UBS AG London Branch
N/A
Enter into derivative contract
(416,801)

Swap
13-Mar-23
UBS AG London Branch
N/A
Enter into derivative contract
523,753

Swap
13-Mar-23
UBS AG London Branch
N/A
Enter into derivative contract
6,312

Swap
13-Mar-23
UBS AG London Branch
N/A
Enter into derivative contract
(8,589)

Swap
13-Mar-23
UBS AG London Branch
N/A
Enter into derivative contract
30,711

Swap
13-Mar-23
UBS AG London Branch
N/A
Enter into derivative contract
1
Swap
13-Mar-23
UBS AG London Branch
N/A
Enter into derivative contract
(52,742)

Swap
13-Mar-23
UBS AG London Branch
N/A
Enter into derivative contract
801

Swap
13-Mar-23
UBS AG London Branch
N/A
Enter into derivative contract
(3,664)

Swap
13-Mar-23
UBS AG London Branch
N/A
Enter into derivative contract
3,664

Swap
14-Mar-23
UBS Asset Management
Buy
9,132
3,970

Ordinary
14-Mar-23
UBS AG Australia Branch
Change in right of rehypothecation
N/A
(475,966)

Right of rehypothecation
14-Mar-23
UBS Securities Australia Ltd
Stock returned
N/A
(314,595)

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Stock returned
N/A
(581,652)

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Stock returned
N/A
(1,400,000)

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Buy
1,021,782
442,109

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Sell
1,134,177
(492,342)

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Buy
210,724
91,349

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Sell
189,504
(82,199)

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Buy
1,083,534
470,324

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Sell
1,362,197
(589,768)

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Order Cancellation
N/A
(515,925)

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Order Cancellation
N/A
(1,009,503)

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Order Cancellation
N/A
(3,674,572)

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Sell
82,735
(35,816)

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Buy
28
12

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Sell
188,926
(81,523)

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Buy
226,703
98,474

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Sell
25,287
(10,968)

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Sell
7,921
(3,447)

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Sell
19,098
(8,230)

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Buy
309,102
134,117

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Buy
120,533
52,461

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Sell
17,558
(7,649)

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Sell
2
(1)

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Sell
62,599
(26,975)

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Buy
1,026,166
445,127

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Sell
981,545
(424,753)

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Sell
125,478
(54,423)

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Sell
22,474
(9,807)

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Sell
35,545
(15,430)

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Sell
13,585
(5,897)

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Sell
103,766
(44,944)

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Sell
423,980
(183,919)

Ordinary
14-Mar-23
UBS Securities Australia Ltd
Sell
1,840,000
(800,000)

Ordinary
14-Mar-23
UBS AG London Branch
N/A
Enter into derivative contract
(91,349)

Swap
14-Mar-23
UBS AG London Branch
N/A
Enter into derivative contract
83,332

Swap
14-Mar-23
UBS AG London Branch
N/A
Enter into derivative contract
(134,117)

Swap
14-Mar-23
UBS AG London Branch
N/A
Enter into derivative contract
8,230

Swap
14-Mar-23
UBS AG London Branch
N/A
Enter into derivative contract
(445,127)

Swap
14-Mar-23
UBS AG London Branch
N/A
Enter into derivative contract
424,753

Swap
14-Mar-23
UBS AG London Branch
N/A
Enter into derivative contract
(52,461)

Swap
14-Mar-23
UBS AG London Branch
N/A
Enter into derivative contract
7,649

Swap
14-Mar-23
UBS AG London Branch
N/A
Enter into derivative contract
1
Swap