ADALTA LIMITED — Major Shareholding Notification 2019

Jul 4, 2019

Form 603

Corporations Law Section 671B Notice of initial substantial holder

To: Company Name/Scheme ADALTA LIMITED

ACN/ARSN 120 332 925

1. Details of substantial holder (1)

Name: UBS Group AG and its related bodies corporate

ACN/ARSN (if applicable)

The holder became a substantial holder on: 3 July 2019

2. Details of 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 (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

follows:
Class of securities (4)	Number of securities	Persons’ votes (5)	Voting power (6)
Ordinary	8,410,633	8,410,633	5.12%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number ofsecurities
UBS Securities Australia Ltd	Beneficial Owner	8,410,633 Ordinary

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered as holder (8)	Class and number ofsecurities
UBS Securities Australia Ltd	Brispot Nominees Pty Ltd	UBS Securities Australia Ltd	8,410,633 Ordinary

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Consideration (9)	Class and numberof securities
		Cash	Non-cash
Please see Appendix A.

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ ARSN (if applicable)	Nature of association
UBS Securities Australia Ltd	Related body corporate
Brispot Nominees Pty Ltd	Related body corporate

7. Addresses

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

Name	Addresses
UBS Securities Australia Ltd	Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
Brispot Nominees Pty Ltd	Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia

SIGNATURE

Print Name: Andrew Costley Capacity: Authorised signatory Sign Here: Date: 05 July 2019 Print Name: Joanne Chan Capacity: Authorised signatory Sign Here: Date: 05 July 2019

Contact details for this notice:

-----------------------------------------------------Andrew Costley Group Compliance, Regulatory & Governance (T) + 852 3712 3707

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1AD - Appendix A	1AD - Appendix A	1AD - Appendix A	1AD - Appendix A	1AD - Appendix A	1AD - Appendix A
Date of change	Person whose relevant interest changed	Nature of Change	Consideration given in**relation to change **	Number of securities	Class
29-May-19	UBS Securities Australia Ltd	Buy	781,352	5,209,010	Ordinary
29-May-19	UBS Securities Australia Ltd	Sell	781,352	(5,209,010)	Ordinary
03-Jun-19	UBS Securities Australia Ltd	Sell	6,005	(37,541)	Ordinary
05-Jun-19	UBS Securities Australia Ltd	Sell	11,610	(71,328)	Ordinary
06-Jun-19	UBS Securities Australia Ltd	Sell	1,702	(10,637)	Ordinary
07-Jun-19	UBS Securities Australia Ltd	Sell	1,455	(9,386)	Ordinary
12-Jun-19	UBS Securities Australia Ltd	Sell	1,501	(10,011)	Ordinary
03-Jul-19	UBS Securities Australia Ltd	Buy	501,079	3,340,526	Ordinary