CAPRAL LIMITED — Major Shareholding Notification 2021

Apr 18, 2021

To Company Name/Scheme ACN/ARSN 1. Details of substantial holder (1) Name ACN/ARSN (if applicable) There was a change in the interests of the substantial holder on The previous notice was given to the company on The previous notice was dated	15/04/2021 20/02/2020 17/02/2020 Section 671B Form 604 Capral Limited 004 213 692 First Sentier Investors Holdings Pty Limited ACN 630 725 558 and its related bodies corporate listed in annexure A Notice of change of interests of substantial holder Corporations Act 2001 630 725 558

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 (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

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Class of securities (4) Previous notice Present notice
Person’s votes Voting power (5) Person’s votes Voting power (5)
Fully Paid ordinary shares 48,391,513 9.99% 1,500,126 8.86%
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*Note these securities are comprised of 1,387,088 shares in which First Sentier Investors Holdings Pty Limited and its subsidiaries have voting power and 113,038 securities in which First Sentier Investors Holdings Pty Limited's ultimate parent, Mitsubishi UFJ Financial Group, Inc. on and from 15 April 2021, has informed it that it has voting power prior to the date of this notice.

3. Changes in relevant interests

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 (6)		Consideration given in relation to change (7)	Class and number of securities affected	Class and number of securities affected	Class and number of securities affected		Person's affected	votes
	See annexure B 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 (8)	Nature of relevant interest (6)			Class and number of securities			Person's	votes
				Relevant interest under paragraph 608(1)(b)
				and/or 608(1)(c) of the	Corporations Act 2001
				(Cth), being a relevant interest arising from having
				the power to control the exercise of the right to
				vote attached to securities and/or to control the
				exercise of the power to dispose of securities in
First Sentier Investors (Australia) IM Ltd ACN 114 194 311	Citicorp Nominees Pty Limited (Australia)			its capacity as investment manager, as provided for under its investment mandates. In addition, if any OTC derivatives, warrants or other securities				1,387,088	Fully Paid ordinary shares		1,387,088
				(other than ordinary shares or ordinary units (as
				applicable)) are referred to below in this row, the
				relevant interest in respect of those securities
				arises under subsection 608(8) being an
				accelerated relevant interest held in the same
				capacity.
				Mitsubishi UFJ Financial Group Inc. (MUFG) owns
				100% of First Sentier Investors Holdings Pty
				Limited (indirectly) and	has informed First Sentier
				Investors Holdings Pty Limited that it has a
				relevant interest in the shares noted in this
				column. Accordingly, First Sentier Investors
Mitsubishi UFJ Financial Group	Mitsubishi UFJ Financial Group			Holdings Pty Limited has a relevant interest or voting power in those shares pursuant to section 608(3) or section 12(2)(a) of the Corporations Act				113,038	Fully Paid ordinary shares		113,038
				(as relevant). MUFG has not provided any further
				details of that relevant interest - accordingly no
				transaction information	is recorded in Appendix B
				or holder information is	recorded in Section 4.
				Reference is made to any subsequent filing of
				MUFG which will reflect this interest.

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) 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 First Sentier Investors (Australia) IM Ltd ACN 114 194 311 A wholly-owned subsidiary, and therefore related body corporate, of First Sentier Investors Holdings Pty Limited Each company referred to is an associate of Mitsubishi UFJ Financial Group, Inc. under section 12 of the Mitsubishi UFJ Financial Group Corporations Act

6. Addresses

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

Name	Address
First Sentier Investors (Australia) IM Ltd ACN 114 194 311	Level 5, Tower Three International Towers Sydney, 300 Barangaroo Avenue, Barangaroo NSW 2000, Australia
Mitsubishi UFJ Financial Group	2-7-1, Marunouchi, Chiyoda-ku, Tokyo 100-8330, Japan

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Signature
print name Rachel Lim capacity Company Secretary
sign here date 19/04/2021
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Annexure A

This is annexure A referred to in Form 604, Notice of change of interest of substantial holder dated

15/04/2021

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Rachel Lim	Company Secretary	Dated the 19/04/2021
	SCHEDULE
	CFSIM (Company No. 00153197)
	First Sentier Investors (Australia) IM Ltd (ACN 114 194 311)
	First Sentier Investors (Australia) Infrastructure Holdings Ltd (ACN 085 313 926)
	First Sentier Investors (Australia) Infrastructure Managers Pty Ltd (ACN 101	384 294)
	First Sentier Investors Strategic Investments Pty Limited (ACN 625 765 399)
	First Sentier Investors (Australia) RE Ltd (ACN 006 464 428)
	First Sentier Investors (Australia) Services Pty Limited (ACN 624 305 595)
	First Sentier Investors (Hong Kong) AMC Limited (CR NO. 0580652)
	First Sentier Investors (Hong Kong) Limited (CR No. 0206616)
	First Sentier Investors (Hong Kong) Nominees Limited (CR NO. 0206615)
	First Sentier Investors (Ireland) Limited (Company No. 629188)
	First Sentier Investors (Japan) Limited (Company No. 0104-01-093090)
	First Sentier Investors (Luxembourg) EDIF I Feeders MC S.A.R.L (Company	No. B134314)
	First Sentier Investors (Luxembourg) EDIF I MC S.A.R.L (Company No. B128117)
	First Sentier Investors (Luxembourg) EDIF II GP S.Á.R.L (Company No. B204413)
	First Sentier Investors (Malta) Holdings Limited (Company Code C41260)
	First Sentier Investors (Malta) Limited (Company Code C41267)
	First Sentier Investors (Singapore) (Registration No. 196900420D)
	First Sentier Investors (Singapore) Holdings Limited (Registration No. 199901706Z)
	First Sentier Investors (UK) Funds Limited (Company No. 02294743)
	First Sentier Investors (UK) IM Limited (Company No. SC047708)
	First Sentier Investors (UK) Services Limited (Company No. 03904320)
	First Sentier Investors (US) LLC (File Number 546 9442)
	First Sentier Investors Asia Holdings Limited (ACN 054 571 701)
	First Sentier Investors Europe Holdings Limited (Company No. 03904310)
	First Sentier Investors International IM Limited (Company No. SC079063)
	First Sentier Investors Realindex Pty Ltd (ACN 133 312 017)
	First Sentier Infrastructure Managers (International) Limited (Company No. 298444)
	FSIB LTD (Registration No. 26193)
	Mitsubishi UFJ Financial Group, Inc (Registration No. 0100-01-073486)
	Mitsubishi UFJ Trust and Banking Corporation (Registration No. 0100-01-008770)
	SI Holdings Limited (Company No. SC109439)

Annexure B

This is annexure B referred to in Form 604, Notice of change of interest of substantial holder dated

15/04/2021

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Rachel Lim Company Secretary Dated the 19/04/2021
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
18/02/2020 First Sentier Investors (Australia) IM Ltd ACN 114 194 311 Purchase 61,976.08 421,606 [Fully Paid ordinary ] shares 421,606
25/03/2020 First Sentier Investors (Australia) IM Ltd ACN 114 194 311 Purchase 226,495.47 2,313,539 [Fully Paid ordinary ] shares 2,313,539
29/03/2021 First Sentier Investors (Australia) IM Ltd ACN 114 194 311 Sale 315,992.83 50,156 [Fully Paid ordinary ] shares 50,156
30/03/2021 First Sentier Investors (Australia) IM Ltd ACN 114 194 311 Sale 16,436.70 2,609 [Fully Paid ordinary ] shares 2,609
31/03/2021 First Sentier Investors (Australia) IM Ltd ACN 114 194 311 Sale 42,429.07 6,788 [Fully Paid ordinary ] shares 6,788
01/04/2021 First Sentier Investors (Australia) IM Ltd ACN 114 194 311 Sale 53,429.33 8,675 [Fully Paid ordinary ] shares 8,675
06/04/2021 First Sentier Investors (Australia) IM Ltd ACN 114 194 311 Sale 101,524.03 16,396 [Fully Paid ordinary ] shares 16,396
07/04/2021 First Sentier Investors (Australia) IM Ltd ACN 114 194 311 Sale 51,875.40 8,367 [Fully Paid ordinary ] shares 8,367
09/04/2021 First Sentier Investors (Australia) IM Ltd ACN 114 194 311 Sale 26,889.40 4,337 [Fully Paid ordinary ] shares 4,337
12/04/2021 First Sentier Investors (Australia) IM Ltd ACN 114 194 311 Sale 19,766.10 3,214 [Fully Paid ordinary ] shares 3,214
15/04/2021 First Sentier Investors (Australia) IM Ltd ACN 114 194 311 Sale 596,748.00 99,458 [Fully Paid ordinary ] shares 99,458
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