CAPRAL LIMITED — Major Shareholding Notification 2021

May 6, 2021

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

To: Company Name/Scheme:	Capral Limited
ACN/ARSN	004 213 692
1. Details of substantial holder	Mitsubishi UFJ Financial Group, Inc.
Name
There was a change in the interests of the	04/05/2021
substantial holder on
The previous notice was given to the company on	20/04/2021
The previous notice was dated	20/04/2021
The holder became aware on	06/05/2021

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:

Class of securities	Previous notice	Previous notice	Present notice	Present notice
	Person’s votes	Voting power(%)	Person’s votes	Voting power(%)
FullyPaid ordinaryshares	1,500,126	8.86%	1,315,772	7.73%

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:

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)		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.	1,200,710 Fully paid ordinary shares	1,200,710
Mitsubishi UFJ Financial Group, Inc.	Morgan Stanley Australia Securities (Nominee) Pty Limited		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.	115,062 Fully paid ordinary shares	115,062

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:

Name and ACN/ARSN (if applicable) Nature of association

6. Addresses

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

Page 1

Dated 7 May 2021

Authorised signatory

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Page 2

Annexure A

This is annexure A of 1 page referred to in Form 604, Notice of change of interest of substantial holder dated 7 May 2021

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Authorised signatory Dated 7 May 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
16/04/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	777.89	107 Ordinary Shares	107
19/04/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	804.60	108 Ordinary Shares	108
20/04/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	755.82	102 Ordinary Shares	102
21/04/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	511.88	67 Ordinary Shares	67
21/04/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	765.00	100 Ordinary Shares	100
22/04/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	4,750.20	609 Ordinary Shares	609
22/04/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	1,295.92	167 Ordinary Shares	167
23/04/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by First Sentier Investors Holdings PtyLimited	525,773.64	68494 Ordinary Shares	68,494
26/04/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by First Sentier Investors Holdings PtyLimited	200,502.71	25880 Ordinary Shares	25,880
27/04/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by First Sentier Investors Holdings PtyLimited	214,083.59	28475 Ordinary Shares	28,475
28/04/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled byMorgan Stanley	4,417.83	573 Ordinary Shares	573
29/04/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by First Sentier Investors Holdings PtyLimited	77,200.15	10003 Ordinary Shares	10,003
29/04/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled byMorgan Stanley	2,214.00	300 Ordinary Shares	300
29/04/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled byMorgan Stanley	1,739.58	237 Ordinary Shares	237
30/04/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by First Sentier Investors Holdings PtyLimited	110,418.98	14466 Ordinary Shares	14,466
30/04/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled byMorgan Stanley	4,088.52	554 Ordinary Shares	554
30/04/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled byMorgan Stanley	495.04	68 Ordinary Shares	68
3/05/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by First Sentier Investors Holdings PtyLimited	84,693.34	11360 Ordinary Shares	11,360
4/05/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by First Sentier Investors Holdings PtyLimited	202,500.85	27700 Ordinary Shares	27,700

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