ADAIRS LIMITED — Major Shareholding Notification 2021

Feb 16, 2021

Form 604

Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder

To: Company Name/Scheme:	Adairs Limited
ACN/ARSN	147 375 451
1. Details of substantial holder	Mitsubishi UFJ Financial Group, Inc.
Name
There was a change in the interests of the	12/02/2021
substantial holder on
The previous notice was given to the company on	16/02/2021
The previous notice was dated	16/02/2021
The holder became aware on	16/02/2021

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant interest in when last required, and when now required, to give a substantial holding notice to the company or scheme are as follows:

company or scheme are as follows:
Class of securities	Previous notice		Present notice
	Person’s votes	Voting power(%)	Person’s votes	Voting power(%)
FullyPaid ordinaryshares	14,003,837	8.28%	11,470,341	6.78%

3. Changes in relevant interest

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

as follows:
Date of change	Person whose relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of securities affected	Person's votes affected
See annexure A to this notice

4.Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder	Nature of relevant interest	Class and number of securities	Person's votes
Mitsubishi UFJ Financial Group, Inc.	Citicorp Nominees Pty Limited (Australia)	Not Applicable	Relevant interest in securities that First Sentier Investors Holdings Pty Limited has a relevant interest in under section 608(3) of the Corporations Act as Mitsubishi UFJ Financial Group, Inc. has voting power of 100% in First Sentier Investors Holdings Pty Limited.	3,067,840 Fully paid ordinary shares	3,067,840
Mitsubishi UFJ Financial Group, Inc.	Citibank N A Hong Kong	Not Applicable	Relevant interest in securities that First Sentier Investors Holdings Pty Limited has a relevant interest in under section 608(3) of the Corporations Act as Mitsubishi UFJ Financial Group, Inc. has voting power of 100% in First Sentier Investors Holdings Pty Limited.	2,264,446 Fully paid ordinary shares	2,264,446
Mitsubishi UFJ Financial Group, Inc.	JP Morgan Chase Bank NA	Not Applicable	Relevant interest in securities that First Sentier Investors Holdings Pty Limited has a relevant interest in under section 608(3) of the Corporations Act as Mitsubishi UFJ Financial Group, Inc. has voting power of 100% in First Sentier Investors Holdings Pty Limited.	168,113 Fully paid ordinary shares	168,113
Mitsubishi UFJ Financial Group, Inc.	National Custodian Services	Not Applicable	Relevant interest in securities that First Sentier Investors Holdings Pty Limited has a relevant interest in under section 608(3) of the Corporations Act as Mitsubishi UFJ Financial Group, Inc. has voting power of 100% in First Sentier Investors Holdings Pty Limited.	415,500 Fully paid ordinary shares	415,500
Mitsubishi UFJ Financial Group, Inc.	HSBC Custody Nominees (Australia) Limited	Not Applicable	Relevant interest in securities that Morgan Stanley has a relevant interest in under section 608(3) of the Corporations Act as Mitsubishi UFJ Financial Group, Inc. has voting power of over 20% in Morgan Stanley.	257,959 Fully paid ordinary shares	257,959
Mitsubishi UFJ Financial Group, Inc.	HSBC Custody Nominees (Australia) Limited	Not Applicable	Relevant interest in securities that Morgan Stanley has a relevant interest in under section 608(3) of the Corporations Act as Mitsubishi UFJ Financial Group, Inc. has voting power of over 20% in Morgan Stanley.	596,633 Fully paid ordinary shares	596,633
Mitsubishi UFJ Financial Group, Inc.	Morgan Stanley Australia Securities (Nominee) Pty Limited	Not Applicable	Relevant interest in securities that Morgan Stanley has a relevant interest in under section 608(3) of the Corporations Act as Mitsubishi UFJ Financial Group, Inc. has voting power of over 20% in Morgan Stanley.	4,699,850 Fully paid ordinary shares	4,699,850

Page 1

Form 604

5. Changes in association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:

substantial holder in relation to voting interests in the company or scheme are as follows:
Name and ACN/ARSN (if applicable)	Nature of association
Not Applicable	Not Applicable

6. Addresses

The addresses of persons named in this form are as follows:

The addresses of persons named in this form are as follows:
Name	Address
Mitsubishi UFJ Financial Group,Inc.	2-7-1,Marunouchi,Chiyoda-ku,Tokyo 100-8330,Japan
Signature

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Dated 17 February 2021
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Ryuichiro Sakuma Authorised signatory
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Page 2

Annexure A

Annexure A

This is annexure A of 4 pages referred to in Form 604, Notice of initial substantial holder dated 17 February 2021

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Ryuichiro Sakuma

Authorised signatory

Dated 17 February 2021

Date of change	Person whose relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of securities affected	Person's votes affected
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	6,752.21	1,629 Ordinary Shares	1,629
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	6,110.94	1,551 Ordinary Shares	1,551
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,098.04	508 Ordinary Shares	508
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	476.74	121 Ordinary Shares	121
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	5,690.64	1,448 Ordinary Shares	1,448
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	5,626.32	1,428 Ordinary Shares	1,428
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,488.38	619 Ordinary Shares	619
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,823.53	705 Ordinary Shares	705
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	1,343.97	327 Ordinary Shares	327
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	3,984.00	960 Ordinary Shares	960
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	1,090.60	266 Ordinary Shares	266
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	8,449.05	2,139 Ordinary Shares	2,139
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	1,524.78	387 Ordinary Shares	387
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	1,113.84	272 Ordinary Shares	272
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	3,419.60	830 Ordinary Shares	830
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	914.94	221 Ordinary Shares	221
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,027.25	510 Ordinary Shares	510
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	5,645.85	1,415 Ordinary Shares	1,415
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	8.14	2 Ordinary Shares	2
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,719.56	692 Ordinary Shares	692
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	5,895.45	1,485 Ordinary Shares	1,485
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	3,895.00	950 Ordinary Shares	950
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	519.42	132 Ordinary Shares	132
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	3,138.38	773 Ordinary Shares	773
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	16,842.80	4,264 Ordinary Shares	4,264

Page 3

Annexure A

12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	1,646.92	418 Ordinary Shares	418
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,834.18	713 Ordinary Shares	713
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	805.8	204 Ordinary Shares	204
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	342.78	87 Ordinary Shares	87
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	1,903.93	461 Ordinary Shares	461
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	18,233.20	4,616 Ordinary Shares	4,616
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	276	69 Ordinary Shares	69
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,498.85	617 Ordinary Shares	617
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	148.74	37 Ordinary Shares	37
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	56	14 Ordinary Shares	14
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	1,929.60	480 Ordinary Shares	480
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	7,876.06	1,999 Ordinary Shares	1,999
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	10,784.70	2,605 Ordinary Shares	2,605
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	208.56	53 Ordinary Shares	53
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	6,031.65	1,527 Ordinary Shares	1,527
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	1,359.30	345 Ordinary Shares	345
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	458.2	116 Ordinary Shares	116
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,817.64	694 Ordinary Shares	694
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,936.62	718 Ordinary Shares	718
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,882.74	698 Ordinary Shares	698
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	666.96	168 Ordinary Shares	168
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	11,378.15	2,755 Ordinary Shares	2,755
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	3,032.76	762 Ordinary Shares	762
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	17,340.09	4,219 Ordinary Shares	4,219
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	3,258.18	828 Ordinary Shares	828
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	906.26	226 Ordinary Shares	226
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	7,148.67	1,819 Ordinary Shares	1,819
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,178.75	525 Ordinary Shares	525
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	480.76	119 Ordinary Shares	119
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	841.89	211 Ordinary Shares	211
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,448.81	598 Ordinary Shares	598
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,440.00	610 Ordinary Shares	610

Page 4

Annexure A

12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	12,983.65	3,287 Ordinary Shares	3,287
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	18,753.40	4,574 Ordinary Shares	4,574
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	811.92	204 Ordinary Shares	204
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	6,115.20	1,560 Ordinary Shares	1,560
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	4,204.47	1,042 Ordinary Shares	1,042
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,375.52	588 Ordinary Shares	588
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	327.85	83 Ordinary Shares	83
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	7,249.43	1,766 Ordinary Shares	1,766
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	639.9	162 Ordinary Shares	162
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,432.67	619 Ordinary Shares	619
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	3,380.82	841 Ordinary Shares	841
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	3,402.00	810 Ordinary Shares	810
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	1,369.83	349 Ordinary Shares	349
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	511.56	126 Ordinary Shares	126
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	3,449.16	871 Ordinary Shares	871
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	4,834.38	1,182 Ordinary Shares	1,182
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	12,110.45	2,943 Ordinary Shares	2,943
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,478.60	612 Ordinary Shares	612
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	6,744.06	1,629 Ordinary Shares	1,629
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,908.36	728 Ordinary Shares	728
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	4,246.65	1,027 Ordinary Shares	1,027
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,764.52	671 Ordinary Shares	671
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	8,091.72	1,976 Ordinary Shares	1,976
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,177.06	547 Ordinary Shares	547
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	3,899.45	934 Ordinary Shares	934
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	832.65	210 Ordinary Shares	210
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	3,541.70	867 Ordinary Shares	867
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	1,052.64	258 Ordinary Shares	258
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,538.45	637 Ordinary Shares	637
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	971.43	245 Ordinary Shares	245
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,765.59	694 Ordinary Shares	694
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	9,182.25	2,226 Ordinary Shares	2,226

Page 5

Annexure A

12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	3,357.69	813 Ordinary Shares	813
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	3,287.48	826 Ordinary Shares	826
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	5,095.23	1,277 Ordinary Shares	1,277
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	1,952.87	487 Ordinary Shares	487
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,256.80	560 Ordinary Shares	560
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	8,996.22	2,173 Ordinary Shares	2,173
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	3,830.45	923 Ordinary Shares	923
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	2,748.96	664 Ordinary Shares	664
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	3,845.60	920 Ordinary Shares	920
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	5,844.80	1,405 Ordinary Shares	1,405
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	938.83	223 Ordinary Shares	223
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	14,754.96	3,564 Ordinary Shares	3,564
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	1,465.80	349 Ordinary Shares	349
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	2,217.28	533 Ordinary Shares	533
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	715.52	172 Ordinary Shares	172
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	2,044.35	495 Ordinary Shares	495
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	14,436.18	3,487 Ordinary Shares	3,487
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	215.28	52 Ordinary Shares	52
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	3,215.68	773 Ordinary Shares	773
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	3,843.00	915 Ordinary Shares	915
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	211	50 Ordinary Shares	50
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	1,166.17	277 Ordinary Shares	277
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	655.7	158 Ordinary Shares	158
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	424.2	101 Ordinary Shares	101
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	575.46	139 Ordinary Shares	139
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	2,077.46	497 Ordinary Shares	497
12/02/2021	Mitsubishi UFJ Financial Group, Inc.	Collateral Returned by an entity controlled by Morgan Stanley-see annexure B	N/A	2,606,802 Ordinary Shares	2,606,802

Page 6

Annexure B

Annexure B

This is annexure B of 1 page referred to in Form 604, Notice of initial substantial holder dated 17 February 2021

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Ryuichiro Sakuma Authorised signatory Dated 17 February 2021

The below schedules are based on the relevant standard agreements. The entity filing the report will, if requested by the company or responsible entity to whom the prescribed form must be given or ASIC, give a copy of the agreement to the company, responsible entity or ASIC.

agreement to the company, responsible entity or ASIC.	agreement to the company, responsible entity or ASIC.
Schedule
Type of Agreement	International Prime Brokerage Agreement
Parties to agreement	Morgan Stanley & Co. International plc for itself and as agent and trustee for and on behalf of the other Morgan Stanley Companies and ELLERSTON CAPITAL LIMITED AS RESPONSIBLE ENTITY FOR ELLERSTON GLOBAL EQUITY MANAGERS FUND
Transfer Date	20210212;
Holder of Voting Rights	Prime broker has the right to vote securities rehypothecated from the Client.
Are there any restrictions on voting rights?	~~Yes/~~ No
Ifyes, detailNot applicable
Scheduled Return Date (if any)	Open
Does the borrower have the right to return early?	Ye~~s/No~~
Ifyes, detailPrime broker mayreturn shares which were rehypothecated from the client at anytime.
Does the lender have the right to recall early?	Ye~~s/No~~
Ifyes, detailPrime broker will be required to return to the client shares rehypothecated from the client's account upon a sale of those shares bythe client.
Will the securities be returned on settlement?	Ye~~s/No~~
If yes, detail any exceptionsUpon an Event of Default, the default market value of all Equivalent Securities to be delivered will be determined and on the basis of the amounts so established, an account shall be taken of what is due from eachpartyto the other. The amounts due from onepartyshall be set off against the amounts due from the otherpartyand onlythe balance of the account shall bepayable.

Page 7