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: 26 May 2025
Date last disclosure made: 23 May 2025
Date on which substantial holding ceased: 22 May 2025

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: 36,286,808 shares
(b) total in class: 724,019,118 shares
(c) total percentage held in class: 5.01%

For current holding after ceasing to have substantial holding, —
(a) total number held in class: 35,931,965 shares
(b) total in class: 724,019,118 shares
(c) total percentage held in class: 4.96%

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 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 Asset Management Life
Limited
5 Broadgate, London, United Kingdom
UBS Asset Management
(Deutschland) GmbH
Bockenheimer Landstrasse 2-4, Frankfurt am Main, Germany
UBS Fund Management
(Switzerland) AG
Aeschenvorstadt 1, Basel, Switzerland
Multi Concept Fund
Mana
gement S.A.
5, rue Jean Monnet, Luxembourg
UBS Securities Australia Ltd Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
UBS Switzerland AG Bahnhofstrasse 45, Zürich, Switzerland
UBS Nominees Pty Ltd Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
Warbont Nominees Pty Ltd Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
UBS AG Singapore Branch 9 Penang Road 238459, Singapore

Contact details: Florian Naef
Tel: +852 3712 4687
Email: florian-p.naef@ubs.com

Nature of connection between substantial product holders:
UBS AG Australia Branch: Related body corporate
UBS AG London Branch: Related body corporate
UBS Asset Management (Australia) Ltd: Related body corporate
UBS Asset Management (UK) Limited: Related body corporate
UBS Asset Management Life Limited: Related body corporate
UBS Asset Management (Deutschland) GmbH: Related body corporate
UBS Fund Management (Switzerland) AG: Related body corporate
UBS Securities Australia Ltd: Related body corporate
UBS Switzerland AG: Related body corporate
Multi Concept Fund Management S.A. : Related body corporate
UBS Nominees Pty Ltd: Related body corporate
Warbont Nominees Pty Ltd: Related body corporate
UBS AG Singapore Branch: 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:


Dominic Eichrodt

Capacity:

Authorised signatory


Sign Here:




Date:

26 May 2025

Print Name:


Florian Naef

Capacity:

Authorised signatory

Sign Here:




Date:

26 May 2025

ATM - Appendix A
Date of
change
Person whose relevant interest changed
Nature of Change
Consideration given in
relation to change
Number of securities
Class
22-May-25
UBS AG, Australia Branch
Return of Rehypothecated position
N/A
(7,700)


Ordinary
22-May-25
UBS AG, Australia Branch
Return of Rehypothecated position
N/A
(18,900)


Ordinary
22-May-25
UBS AG, Australia Branch
Return of Rehypothecated position
N/A
(7,200)


Ordinary
22-May-25
UBS AG, London Branch
Return of Rehypothecated position
N/A
(6,300)


Ordinary
22-May-25
UBS AG London Branch
Enter into derivative contract
N/A
(306,508)


Ordinary
22-May-25
UBS AG London Branch
Buy
450
51


Ordinary
22-May-25
UBS AG London Branch
Sell
169,825
(19,046)


Ordinary
22-May-25
UBS AG London Branch
Sell
21,853
(2,457)


Ordinary
22-May-25
UBS AG London Branch
Sell
17,393
(1,945)


Ordinary
22-May-25
UBS AG London Branch
Buy
346
39


Ordinary
22-May-25
UBS AG London Branch
Buy
707
86


Ordinary
22-May-25
UBS AG London Branch
Buy
74
9


Ordinary
22-May-25
UBS AG London Branch
Buy
306
37


Ordinary
22-May-25
UBS AG London Branch
Buy
645
78


Ordinary
22-May-25
UBS AG London Branch
Buy
347
42


Ordinary
22-May-25
UBS AG London Branch
Buy
636
77


Ordinary
22-May-25
UBS AG London Branch
Buy
394
48


Ordinary
22-May-25
UBS AG London Branch
Buy
599
73


Ordinary
22-May-25
UBS AG London Branch
Buy
41
5


Ordinary
22-May-25
UBS AG London Branch
Buy
594
72


Ordinary
22-May-25
UBS AG London Branch
Buy
116
14


Ordinary
22-May-25
UBS AG London Branch
Buy
314
38


Ordinary
22-May-25
UBS AG London Branch
Buy
354
43


Ordinary
22-May-25
UBS AG London Branch
Buy
610
74


Ordinary
22-May-25
UBS AG London Branch
Buy
519
63


Ordinary
22-May-25
UBS AG London Branch
Buy
551
67


Ordinary
22-May-25
UBS AG London Branch
Buy
518
63


Ordinary
22-May-25
UBS AG London Branch
Buy
393
48


Ordinary
22-May-25
UBS AG London Branch
Buy
508
62


Ordinary
22-May-25
UBS AG London Branch
Buy
469
57


Ordinary
22-May-25
UBS AG London Branch
Buy
239
29


Ordinary
22-May-25
UBS AG London Branch
Buy
305
37


Ordinary
22-May-25
UBS AG London Branch
Buy
156
19


Ordinary
22-May-25
UBS AG London Branch
Buy
435
53


Ordinary
22-May-25
UBS AG London Branch
Buy
336
41


Ordinary
22-May-25
UBS AG London Branch
Buy
384
47


Ordinary
22-May-25
UBS AG London Branch
Buy
662
81


Ordinary
22-May-25
UBS AG London Branch
Buy
352
43


Ordinary
22-May-25
UBS AG London Branch
Buy
401
49


Ordinary
22-May-25
UBS AG London Branch
Buy
164
20


Ordinary
22-May-25
UBS AG London Branch
Buy
434
53


Ordinary
22-May-25
UBS AG London Branch
Buy
614
75


Ordinary
22-May-25
UBS AG London Branch
Buy
344
42


Ordinary
22-May-25
UBS AG London Branch
Buy
739
90


Ordinary
22-May-25
UBS AG London Branch
Buy
66
8


Ordinary
22-May-25
UBS AG London Branch
Buy
107
13


Ordinary
22-May-25
UBS AG London Branch
Buy
66
8


Ordinary
22-May-25
UBS AG London Branch
Buy
403
49


Ordinary
22-May-25
UBS AG London Branch
Buy
560
68


Ordinary
22-May-25
UBS AG London Branch
Buy
6,790
828


Ordinary
22-May-25
UBS Switzerland AG
Stock borrowed
N/A
17,645


Ordinary
22-May-25
UBS Switzerland AG
Stock returned
N/A
(32)


Ordinary
22-May-25
UBS Switzerland AG
Stock returned
N/A
(3)


Ordinary
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
1,000


Options
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
1,400


Options
22-May-25
UBS AG, London Branch
Enter Into Derivative Contract
N/A
77

Swaps
22-May-25
UBS AG, London Branch
Enter Into Derivative Contract
N/A
4,873

Swaps
22-May-25
UBS AG London Branch
Enter Into Derivative Contract
N/A
2,457


Swaps
23-May-25
UBS Switzerland AG
Stock returned
N/A
(17,645)


Ordinary
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(47,252)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
4,545


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
67


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(10,924)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
48,324


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
3,392


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(5,096)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
30,120


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(1,318)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
10,881


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(22,895)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
183


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(68,078)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
47,252


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
16,368


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(3,392)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
5,096


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(30,120)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
105,800


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(29,855)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
1,318


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(10,881)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
126,005


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(162,631)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(24,745)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(4,545)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
53,489


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
10,924


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
14,150


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
46,269


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(67)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(16,697)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
632,676


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(482,092)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(98,653)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(48,324)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
24,736


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(185,380)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
4,545


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(24,736)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
22,895


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(183)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
68,078


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(47,252)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(16,368)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
3,392


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(5,096)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
30,120


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(105,800)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
29,855


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(1,318)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
10,881


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(126,005)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
162,631


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
24,745


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
4,545


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(53,489)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(10,924)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(14,150)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
67


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(46,269)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
16,697


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(632,676)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
482,092


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
98,653


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
48,324


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(24,736)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
185,380


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(16,368)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
68,078


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(632,676)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
482,092


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
67


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(23,710)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(23,542)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(14,150)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
98,653


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
48,324


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(10,924)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(105,800)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
29,855


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(53,489)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
16,697


Swaps

22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(46,269)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
185,380


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
30,120


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
10,881


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(5,096)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
3,392


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(1,318)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(183)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
22,895


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
(126,005)


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
162,631


Swaps
22-May-25
UBS Securities Australia Ltd
Enter Into Derivative Contract
N/A
24,745


Swaps
22-May-25
UBS Securities Australia Ltd
Buy
2,605
294


Ordinary
22-May-25
UBS Securities Australia Ltd
Sell
1,644,508
(185,380)


Ordinary
22-May-25
UBS Securities Australia Ltd
Buy
409,778
46,269


Ordinary
22-May-25
UBS Securities Australia Ltd
Buy
145,250
16,368


Ordinary
22-May-25
UBS Securities Australia Ltd
Buy
45,112
5,096


Ordinary
22-May-25
UBS Securities Australia Ltd
Sell
96,534
(10,881)


Ordinary
22-May-25
UBS Securities Australia Ltd
Sell
266,743
(30,120)


Ordinary
22-May-25
UBS Securities Australia Ltd
Sell
30,040
(3,392)


Ordinary
22-May-25
UBS Securities Australia Ltd
Buy
11,689
1,318


Ordinary
22-May-25
UBS Securities Australia Ltd
Sell
265,563
(29,855)


Ordinary
22-May-25
UBS Securities Australia Ltd
Buy
936,245
105,800


Ordinary
22-May-25
UBS Securities Australia Ltd
Buy
219,412
24,736


Ordinary
22-May-25
UBS Securities Australia Ltd
Sell
40,303
(4,545)


Ordinary
22-May-25
UBS Securities Australia Ltd
Sell
875,418
(98,653)


Ordinary
22-May-25
UBS Securities Australia Ltd
Buy
125,280
14,150


Ordinary
22-May-25
UBS Securities Australia Ltd
Buy
96,743
10,924


Ordinary
22-May-25
UBS Securities Australia Ltd
Sell
428,636
(48,324)


Ordinary
22-May-25
UBS Securities Australia Ltd
Buy
1,622
183


Ordinary
22-May-25
UBS Securities Australia Ltd
Sell
202,909
(22,895)


Ordinary
22-May-25
UBS Securities Australia Ltd
Buy
420,357
47,252


Ordinary
22-May-25
UBS Securities Australia Ltd
Sell
603,031
(68,078)


Ordinary
22-May-25
UBS Securities Australia Ltd
Sell
4,282,892
(482,092)


Ordinary
22-May-25
UBS Securities Australia Ltd
Buy
5,617,054
632,676


Ordinary
22-May-25
UBS Securities Australia Ltd
Sell
147,616
(16,697)


Ordinary
22-May-25
UBS Securities Australia Ltd
Buy
473,964
53,489


Ordinary
22-May-25
UBS Securities Australia Ltd
Sell
219,152
(24,745)


Ordinary
22-May-25
UBS Securities Australia Ltd
Sell
1,441,419
(162,631)


Ordinary
22-May-25
UBS Securities Australia Ltd
Buy
1,119,411
126,005


Ordinary
22-May-25
UBS Securities Australia Ltd
Sell
598
(67)


Ordinary
22-May-25
UBS Securities Australia Ltd
Buy
46,724
5,276


Ordinary
22-May-25
UBS Securities Australia Ltd
Sell
8,878
(1,000)


Ordinary
22-May-25
UBS Securities Australia Ltd
Buy
5,708
643


Ordinary
22-May-25
UBS Securities Australia Ltd
Sell
4,542
(511)


Ordinary
22-May-25
UBS Securities Australia Ltd
Sell
2,818
(318)


Ordinary
22-May-25
UBS Securities Australia Ltd
Sell
88,236
(10,000)


Ordinary
22-May-25
UBS Securities Australia Ltd
Sell
256,482
(29,050)


Ordinary