BRAMBLES LIMITED — Major Shareholding Notification 2019

Mar 12, 2019

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme: Brambles Ltd ACN/ARSN: 118 896 021 1. Details of substantial holder (1) Name: Schroder Investment Management Australia Limited ACN/ARSN (if applicable): 000 443 274 The holder ceased to be a 13/03/2019 substantial holder on: The previous notice was given to the 11/10/2016 company on: The previous notice was dated: 11/10/2016

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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:

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----- Start of picture text ----- Person whose Class (6) andConsideration givenDate of relevant Nature of number of Person’sin relation to changechange interest change (4) securities votes affected(5)changed affected16,837,18112/10/2016 -SIMAL Buy $171,452,476.69 Ordinary 16,837,18113/03/2019Shares22,385,75112/10/2016 -SIMAL Sell $218,133,174.27 Ordinary 22,385,75113/03/2019Shares1,906,60112/10/2016 - In SpecieSIMAL Nil Ordinary 1,906,60113/03/2019 Transfer OutShares5,514,94912/10/2016 -SIM LTD Buy $54,142,819.40 Ordinary 5,514,94913/03/2019Shares3,551,00712/10/2016 -SIM LTD Sell $38,027,658.01 Ordinary 3,551,00713/03/2019Shares----- End of picture text -----

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----- Start of picture text ----- 1,671,04212/10/2016 - In SpecieSIM LTD Nil Ordinary 1,671,04213/03/2019 Transfer OutShares13,113,11612/10/2016 -SIMNA LTD Buy $128,586,410.65 Ordinary 13,113,11613/03/2019Shares7,944,53712/10/2016 -SIMNA LTD Sell $86,864,161.85 Ordinary 7,944,53713/03/2019Shares858,22312/10/2016 - In SpecieSIMNA LTD Nil Ordinary 858,22313/03/2019 Transfer OutShares1,136,59712/10/2016 -SIMHK Buy $10,989,544.80 Ordinary 1,136,59713/03/2019Shares2,529,87812/10/2016 -SIMHK Sell $25,157,216.67 Ordinary 2,529,87813/03/2019Shares69,18212/10/2016 - In SpecieSIMHK Nil Ordinary 69,18213/03/2019 Transfer OutShares2,578,00912/10/2016 -SIMSL Buy $25,754,327.62 Ordinary 2,578,00913/03/2019Shares5,429,96712/10/2016 -SIMSL Sell $55,148,551.87 Ordinary 5,429,96713/03/2019Shares63,97012/10/2016 - In SpecieSIMSL Nil Ordinary 63,97013/03/2019 Transfer InShares342,24712/10/2016 -PT SIM Buy $3,328,245.03 Ordinary 342,24713/03/2019Shares198,82912/10/2016 -PT SIM Sell $2,048,189.27 Ordinary 198,82913/03/2019Shares----- End of picture text -----

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

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----- Start of picture text ----- Name and ACN/ARSN (if applicable) Nature of associationSchroder Investment Management AustraliaRelated Fund ManagerLimited (“SIMAL”)Schroder Investment Management Limited (“SIMRelated Fund ManagerLTD”)Schroder Investment Management North AmericaRelated Fund Manager(“SIMNA LTD”)Schroder Investment Management (Hong Kong)Related Fund ManagerLimited (“SIMHK”)Schroder Investment (Singapore) Limited (“SIMSL”) Related Fund ManagerPT Schroder Investment Management IndonesiaRelated Fund Manager("PT SIM”)----- End of picture text -----

4. Address

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

Name	Address
Schroder Investment Management (Australia)Limited (“SIMAL”)	Level 20, 123 Pitt Street Sydney NSW 2000
Schroder Investment Management Limited (“SIMLTD”)	1 London Wall Place, London EC2Y 5AU
Schroder Investment Management North America(“SIMNA LTD”)	1 London Wall Place, London EC2Y 5AU
Schroder Investment Management (Hong Kong)	Level 33, Two Pacific Place 88 Queensway,
Limited (“SIMHK”)	Hong Kong
Schroder Investment (Singapore) Limited (“SIMSL”)	138 Market Street #23-01 CapitaGreenSingapore 048946
PT Schroder Investment Management Indonesia	Level 30, Jl Jend Sudirman Kav 52-53,
("PT SIM”)	Jakarta 12190, Indonesia