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CHORUS LIMITED Major Shareholding Notification 2025

May 4, 2025

64680_rns_2025-05-04_e6baa22e-2f02-4e36-acef-3f243567ea62.pdf

Major Shareholding Notification

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Disclosure of beginning to have substantial holding

Section 276, Financial Markets Conduct Act 2013

To NZX Limited and To Chorus Ltd

Date this disclosure made: 5 May, 2025

Date on which substantial holding began: 30 April, 2025

Substantial product holder(s) giving disclosure

Full name(s): Mitsubishi UFJ Financial Group, Inc., First Sentier Investors RQI Pty Ltd, First Sentier Investors (Australia) IM Ltd.

Summary of substantial holding

Class of quoted voting products: Ordinary Shares (security code: NZCNUE0001S2)

Summary for Mitsubishi UFJ Financial Group, Inc., First Sentier Investors RQI Pty Ltd, First Sentier Investors (Australia) IM Ltd.

For this disclosure,—

  • (a) total number held in class: 21,717,569

  • (b) total in class: 433,887,294

  • (c) total percentage held in class: 5.005%

Details of relevant interests

Details for Mitsubishi UFJ Financial Group, Inc.

Nature of relevant interest(s): Deemed relevant interest by reason of being a holding company and a related company of First Sentier Investors RQI Pty Ltd and First Sentier Investors (Australia) IM Ltd. and being deemed to have the same relevant interests as are disclosed by First Sentier Investors RQI Pty Ltd and First Sentier Investors (Australia) IM Ltd. in this notice.

For that relevant interest,—

  • (a) number held in class: 10,328,654

  • (b) percentage held in class: 2.380%

  • (c) current registered holder(s): unknown

  • (d) registered holder(s) once transfers are registered: N/A

Nature of relevant interest(s): Deemed relevant interest arising from being a greater than 20% shareholder in Morgan Stanley and being deemed to have the same relevant interests as are held in the Morgan Stanley group. The relevant interests held in the

1

Morgan Stanley group which are included in this disclosure are set out in Annexure B to this notice.

For that relevant interest,—

  • (a) number held in class: 11,388,915

  • (b) percentage held in class: 2.625%

  • (c) current registered holder(s): As listed in Annexure B

  • (d) registered holder(s) once transfers are registered: N/A

Details for First Sentier Investors RQI Pty Ltd

Nature of relevant interest(s): 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 its capacity as a responsible entity of a managed investment scheme. The relevant agreement need not be attached under regulation 139.

  • (a) number held in class: 1,998,918

  • (b) percentage held in class : 0.461%

  • (c) current registered holder(s) : Unknown

  • (d) registered holder(s) once transfers are registered : N/A

Nature of relevant interest(s): Deemed relevant interest by reason of being a related company of other Mitsubishi UFJ Financial Group, Inc., subsidiaries disclosing in this notice.

For that relevant interest,—

  • (a) number held in class: 8,329,736

  • (b) percentage held in class: 1.920%

  • (c) current registered holder(s): Unknown

  • (d) registered holder(s) once transfers are registered: N/A

Nature of relevant interest(s): Deemed relevant interest arising from being a whollyowned subsidiary and a related company of Mitsubishi UFJ Financial Group, Inc., which is deemed to have the same relevant interests as are held in the Morgan Stanley group by

2

reason of being a greater than 20% shareholder in the Morgan Stanley group. The relevant interests held in the Morgan Stanley group which are included in this disclosure are set out in Annexure B to this notice.

For that relevant interest,—

  • (a) number held in class: 11,388,915

  • (b) percentage held in class: 2.625%

  • (c) current registered holder(s): As listed in Annexure B

  • (d) registered holder(s) once transfers are registered: N/A

Details for First Sentier Investors (Australia) IM Ltd

Nature of relevant interest(s): 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 its capacity as a responsible entity of a managed investment scheme. The relevant agreement need not be attached under regulation 139.

  • (a) number held in class: 8,329,736

  • (b) percentage held in class : 1.920%

  • (c) current registered holder(s) : Unknown

  • (d) registered holder(s) once transfers are registered : N/A

Nature of relevant interest(s): Deemed relevant interest by reason of being a related company of other Mitsubishi UFJ Financial Group, Inc., subsidiaries disclosing in this notice.

For that relevant interest,—

  • (a) number held in class: 1,998,918

  • (b) percentage held in class : 0.461%

  • (c) current registered holder(s) : Unknown

  • (d) registered holder(s) once transfers are registered : N/A

Nature of relevant interest(s): Deemed relevant interest arising from being a whollyowned subsidiary and a related company of Mitsubishi UFJ Financial Group, Inc., which is deemed to have the same relevant interests as are held in the Morgan Stanley group by reason of being a greater than 20% shareholder in the Morgan Stanley group. The

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relevant interests held in the Morgan Stanley group which are included in this disclosure are set out in Annexure B to this notice.

For that relevant interest,—

  • (a) number held in class: 11,388,915

  • (b) percentage held in class: 2.625%

  • (c) current registered holder(s): As listed in Annexure B

  • (d) registered holder(s) once transfers are registered: N/A

Details of transactions and events giving rise to substantial holding

Details of the transactions or other events requiring disclosure:

For transaction details relating to subsidiaries of Mitsubishi UFJ Financial Group, Inc. see Annexure A.

For transaction details relating to the Morgan Stanley group see Annexure C.

Additional information

Address(es) of substantial product holder(s):

Mitsubishi UFJ Financial Group, Inc. – 1-4-5, Marunouchi, Chiyoda-ku, Tokyo 100-8330, Japan

First Sentier Investors RQI Pty Ltd - Level 5, Tower Three International Towers Sydney, 300 Barangaroo Avenue, Barangaroo NSW 2000, Australia

First Sentier Investors (Australia) IM Ltd - Level 5, Tower Three International Towers Sydney, 300 Barangaroo Avenue, Barangaroo NSW 2000, Australia

Contact details:

Kenji Takase, Phone: + 81-50-3844-4921, E-mail: [email protected]

Nature of connection between substantial product holders: First Sentier Investors (Australia) IM Ltd and First Sentier Investors RQI Pty Ltd are wholly-owned subsidiaries of Mitsubishi UFJ Financial Group, Inc.

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Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: Not applicable

Certification

I, Kenji Takase , certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made.

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Annexure A

Transaction details for subsidiaries of Mitsubishi UFJ Financial Group, Inc.

Date of Transaction Holder of Relevant
Interest		 Nature of
Transactio
n		 Class of
Securitie
s		 Number
of
Securitie
s		 Cash
Consideratio
n
(NZD)
06-Jan-2025 First Sentier
Investors (Australia)
IM Ltd		 BUY Ordinary
Shares		 12,690
110,044.32
07-Jan-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (4,835) (42,182.33)
07-Jan-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (36,463) (318,116.74)
07-Jan-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (14,145) (123,406.23)
07-Jan-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (10,634) (92,774.96)
07-Jan-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (19,153) (167,097.88)
07-Jan-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (11,745) (102,467.74)
07-Jan-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (11,229) (97,965.96)
08-Jan-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (1,586) (13,816.03)

6

08-Jan-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (653) (5,688.44)
08-Jan-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (1,910) (16,638.47)
08-Jan-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (1,436) (12,509.34)
08-Jan-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (1,516) (13,206.24)
08-Jan-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (4,923) (42,885.44)
08-Jan-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (2,586) (22,527.27)
09-Jan-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (3,054) (26,257.71)
09-Jan-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (2,295) (19,731.97)
09-Jan-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (1,043) (8,967.51)
09-Jan-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (7,872) (67,681.95)

7

09-Jan-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (4,134) (35,543.34)
09-Jan-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (2,535) (21,795.45)
09-Jan-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (9,360) (80,525.68)
15-Jan-2025 First Sentier
Investors (Australia)
IM Ltd		 BUY Ordinary
Shares		 8,720
75,902.31
29-Jan-2025 First Sentier
Investors RQI Pty Ltd		 BUY Ordinary
Shares		 136,845
##########
29-Jan-2025 First Sentier
Investors RQI Pty Ltd		 BUY Ordinary
Shares		 56,968
499,887.72
07-Feb-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (2,996) (25,698.54)
13-Feb-2025 First Sentier
Investors (Australia)
IM Ltd		 BUY Ordinary
Shares		 28,612
246,850.68
13-Feb-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (41,373) (356,688.58)
14-Feb-2025 First Sentier
Investors (Australia)
IM Ltd		 BUY Ordinary
Shares		 18,896
164,680.04

8

19-Feb-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (45,602) (403,655.28)
19-Feb-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (16,199) (143,388.71)
19-Feb-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (11,528) (102,042.41)
19-Feb-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (7,316) (64,759.05)
19-Feb-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (6,072) (53,747.53)
19-Feb-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (6,793) (60,129.61)
19-Feb-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (18,462) (163,420.11)
24-Feb-2025 First Sentier
Investors (Australia)
IM Ltd		 BUY Ordinary
Shares		 24,393
208,719.74
24-Feb-2025 First Sentier
Investors RQI Pty Ltd		 BUY Ordinary
Shares		 66,912
570,552.87
24-Feb-2025 First Sentier
Investors (Australia)
IM Ltd		 BUY Ordinary
Shares		 5,738
49,097.44

9

24-Feb-2025 First Sentier
Investors (Australia)
IM Ltd		 BUY Ordinary
Shares		 20,805
178,018.86
24-Feb-2025 First Sentier
Investors (Australia)
IM Ltd		 BUY Ordinary
Shares		 12,883
110,233.93
24-Feb-2025 First Sentier
Investors (Australia)
IM Ltd		 BUY Ordinary
Shares		 64,943
555,687.53
24-Feb-2025 First Sentier
Investors RQI Pty Ltd		 SELL Ordinary
Shares		 (12,548) (107,015.87)
05-Mar-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (47,411) (382,659.66)
12-Mar-2025 First Sentier
Investors (Australia)
IM Ltd		 SELL Ordinary
Shares		 (13,319) (107,326.69)
19-Mar-2025 First Sentier
Investors (Australia)
IM Ltd		 BUY Ordinary
Shares		 65,598
504,881.33
19-Mar-2025 First Sentier
Investors (Australia)
IM Ltd		 BUY Ordinary
Shares		 22,416
172,526.91
19-Mar-2025 First Sentier
Investors (Australia)
IM Ltd		 BUY Ordinary
Shares		 6,595
50,759.05
19-Mar-2025 First Sentier
Investors (Australia)
IM Ltd		 BUY Ordinary
Shares		 16,135
124,184.58

10

19-Mar-2025 First Sentier
Investors (Australia)
IM Ltd		 BUY Ordinary
Shares		 26,593
204,675.59
19-Mar-2025 First Sentier
Investors (Australia)
IM Ltd		 BUY Ordinary
Shares		 3,165
24,359.73
19-Mar-2025 First Sentier
Investors (Australia)
IM Ltd		 BUY Ordinary
Shares		 27,581
212,279.83
21-Mar-2025 First Sentier
Investors (Australia)
IM Ltd		 BUY Ordinary
Shares		 9,113
72,245.47
25-Mar-2025 First Sentier
Investors RQI Pty Ltd		 SELL Ordinary
Shares		 (4,773) (37,734.91)
25-Mar-2025 First Sentier
Investors RQI Pty Ltd		 BUY Ordinary
Shares		 5,284
41,765.29
26-Mar-2025 First Sentier
Investors RQI Pty Ltd		 BORROW Ordinary
Shares		 8,482
67,727.06
01-Apr-2025 First Sentier
Investors (Australia)
IM Ltd		 BUY Ordinary
Shares		 1,852
15,013.36
03-Apr-2025 First Sentier
Investors RQI Pty Ltd		 BORROW Ordinary
Shares		 31,177
252,070.95
07-Apr-2025 First Sentier
Investors RQI Pty Ltd		 BORROW Ordinary
Shares		 81,449
631,086.40

11

10-Apr-2025 First Sentier
Investors RQI Pty Ltd		 BORROW Ordinary
Shares		 24,513
197,369.62
29-Apr-2025 First Sentier
Investors RQI Pty Ltd		 SELL Ordinary
Shares		 (16,216) (130,399.99)
29-Apr-2025 First Sentier
Investors RQI Pty Ltd		 SELL Ordinary
Shares		 (14,689) (118,120.71)

12

Annexure B Relevant interests held in Morgan Stanley group

List of Morgan Stanley and its subsidiaries that have a relevant interest or deemed to have a relevant interest in the shares.

Entities └─┬─Morgan Stanley ├─┬─Morgan Stanley Capital Management, LLC │ ├──Morgan Stanley Domestic Holdings, LLC │ │ ├───Morgan Stanley Capital Services LLC │ │ └───Morgan Stanley Wealth Management Australia Pty Ltd │ ├───Morgan Stanley Smith Barney LLC │ └───Parametric Portfolio Associates LLC ├─┬─Morgan Stanley International Holdings Inc. │ ├─┬─Morgan Stanley (Australia) Securities Holdings Pty Limited │ │ └───Morgan Stanley Australia Securities Limited │ ├─┬─Morgan Stanley International Limited │ │ ├─┬─Morgan Stanley Investments (UK) │ │ │ └───Morgan Stanley & Co. International plc

13

Details of relevant interests –

Details For Nature of Relevant Interest For that Relevant Interest For that Relevant Interest Relevant Agreement Document /
Comments
(a)
Number
held in
class		 (b)
Percentage
held in
class		 (c) Current registered
holder(s)		 (d)
Registered
holder(s)
once
transfers
are
registered
Morgan Stanley & Co.
International plc		 Shares held or in respect of which
the holder may exercise right to
rehypothecate pursuant to the
agreement(s).		 304,927 0.070% HSBC Custody Nominees
(Australia) Limited		 Unknown The relevant agreement document(s)
(Prime Brokerage Agreement) are attached
in Annexure D (80 pages).
Morgan Stanley & Co.
International plc		 Holder of securities subject to an
obligation to return under a
Securities Lending Agreement.		 1,106 0.000% HSBC Nominees (New
Zealand) Limited		 Unknown The relevant agreement document(s) (2010
Global Master Securities Lending
Agreement) are attached in Annexure E (40
pages).
Morgan Stanley & Co.
International plc		 Holder of securities subject to an
obligation to return under a Prime
Brokerage Agreement.		 10,557,235 2.433% HSBC Custody Nominees
(Australia) Limited		 Unknown The relevant agreement document(s)
(Prime Brokerage Agreement) are attached
in Annexure D (80 pages).
Morgan Stanley & Co.
International plc		 Shares held or in respect of which
the holder may exercise control
over disposal in the ordinary
course of sales and trading
businesses.		 5,425 0.001% HSBC Nominees (New
Zealand) Limited		 Unknown The relevant agreements need not be
attached under regulation 139.

14

Morgan Stanley & Co.
International plc		 Shares held or in respect of which
the holder may exercise control
over disposal in the ordinary
course of sales and trading
businesses.		 3,682 0.001% HSBC Custody Nominees
(Australia) Limited		 Unknown The relevant agreements need not be
attached under regulation 139.
Morgan Stanley & Co.
International plc		 Derivative relevant interest over
quoted underlying.		 19,419 0.004% Unknown Unknown Swap Agreement: The relevant agreement
document(s) (1992 ISDA Master Agreement
& 2002 ISDA Master Agreement) are
attached in Annexure F & G (65 pages).
Please refer to Table 2 for details on
derivative relevant interest.
Morgan Stanley Australia
Securities Limited		 Shares held or in respect of which
the holder may exercise control
over disposal in the ordinary
course of sales and trading
businesses.		 82,304 0.019% Morgan Stanley Australia
Securities (Nominee) Pty
Limited		 Unknown The relevant agreements need not be
attached under regulation 139.
Morgan Stanley Smith
Barney LLC		 American Depositary Receipts held
or in respect of which the holder
may exercise control over disposal
in the ordinary course of
discretionary managed business.		 2,995 0.001% DTC Through Morgan
Stanley		 Unknown The relevant agreements need not be
attached under regulation 139.
Morgan Stanley Wealth
Management Australia
Pty Ltd		 Shares held or in respect of which
the holder may exercise control
over disposal in the ordinary
course of discretionary managed
business.		 53,000 0.012% Morgan Stanley Wealth
Management Australia
Pty discretionary client
account		 Unknown The relevant agreements need not be
attached under regulation 139.

15

Morgan Stanley Smith
Barney LLC		 American Depositary Receipts held
or in respect of which the holder
may exercise control over disposal
in the ordinary course of sales and
trading business.		 4 0.000% DTC Through Morgan
Stanley		 Unknown The relevant agreements need not be
attached under regulation 139.
Morgan Stanley Capital
Services LLC		 Derivative relevant interest over
quoted underlying.		 340,067 0.078% Unknown Unknown Swap Agreement: The relevant agreement
document(s) (1992 ISDA Master Agreement
& 2002 ISDA Master Agreement) are
attached in Annexure F & G (65 pages).
Please refer to Table 2 for details on
derivative relevant interest.
Parametric Portfolio
Associates LLC		 Shares held or in respect of which
the holder may exercise control
over disposal in the ordinary
course of investment management
business.		 1,386 0.000% Unknown Unknown The relevant agreements need not be
attached under regulation 139.
Parametric Portfolio
Associates LLC		 American Depositary Receipts held
or in respect of which the holder
may exercise control over disposal
in the ordinary course of
investment management business.		 17,365 0.004% Unknown Unknown The relevant agreements need not be
attached under regulation 139.

16

Table 2: For a derivative relevant interest, also –

(b) Details of Derivative (b) Details of Derivative (b) Details of Derivative
Details for (a) Type of Derivative
Notional Value of the Derivative
Settlement Type		 Expiry Date of the Derivative
Morgan Stanley & Co. International plc Swap Agreement 80,675.94 (AUD) Cash 11/26/2025
19,863.34 (AUD) 7/28/2025
22.38 (AUD) 7/27/2027
11,885.64 (AUD) 7/31/2026
38,598.78 (AUD) 8/14/2026
Morgan Stanley Capital Services LLC Swap Agreement 216,969.31 (AUD) Cash 4/16/2027
391,966.77 (AUD) 5/29/2026
111,542.73 (AUD) 11/28/2025
51,847.77 (AUD) 12/31/2025
30,003.09 (AUD) 11/28/2025
437,671.15 (AUD) 6/15/2026
168,101.64 (AUD) 10/01/2026

17

62,967.72 (AUD) 7/01/2025
12,345.06 (AUD) 12/30/2025
4,435.53 (AUD) 5/29/2026
267,997.47 (AUD) 11/30/2026
125,517.99 (AUD) 6/30/2025
39,354.51 (AUD) 7/31/2025
525,825.72 (AUD) 12/29/2025
15,611.68 (AUD) 4/23/2027
7,410.00 (AUD) 4/30/2026
50,639.94 (AUD) 7/31/2025

18

Annexure C Transaction details for the Morgan Stanley group

19

Details of transactions and events giving rise to beginning of substantial holding

Details of the transactions or other events requiring disclosure: set out in the table below

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Date of Transaction Holder of Relevant Interest Transaction Nature Consideration Class and number of securities
12/31/2024 Morgan Stanley Australia Securities Limited Buy 1,147.68 (AUD) 144 Ordinary Shares
12/31/2024 Morgan Stanley Australia Securities Limited Buy 1,189.02 (AUD) 149 Ordinary Shares
12/31/2024 Morgan Stanley Australia Securities Limited Buy 1,233.80 (AUD) 155 Ordinary Shares
12/31/2024 Morgan Stanley Australia Securities Limited Buy 1,444.38 (AUD) 181 Ordinary Shares
12/31/2024 Morgan Stanley Australia Securities Limited Buy 1,762.68 (AUD) 222 Ordinary Shares
12/31/2024 Morgan Stanley Australia Securities Limited Buy 111.72 (AUD) 14 Ordinary Shares
12/31/2024 Morgan Stanley Australia Securities Limited Buy 14,681.06 (AUD) 1,849 Ordinary Shares
12/31/2024 Morgan Stanley Australia Securities Limited Buy 15.89 (AUD) 2 Ordinary Shares
12/31/2024 Morgan Stanley Australia Securities Limited Buy 158.80 (AUD) 20 Ordinary Shares
12/31/2024 Morgan Stanley Australia Securities Limited Buy 2,101.37 (AUD) 263 Ordinary Shares
12/31/2024 Morgan Stanley Australia Securities Limited Buy 2,444.94 (AUD) 306 Ordinary Shares
12/31/2024 Morgan Stanley Australia Securities Limited Buy 2,934.16 (AUD) 367 Ordinary Shares
12/31/2024 Morgan Stanley Australia Securities Limited Buy 224.00 (AUD) 28 Ordinary Shares
12/31/2024 Morgan Stanley Australia Securities Limited Buy 3,267.91 (AUD) 409 Ordinary Shares
12/31/2024 Morgan Stanley Australia Securities Limited Buy 3,932.24 (AUD) 494 Ordinary Shares
12/31/2024 Morgan Stanley Australia Securities Limited Buy 3,962.06 (AUD) 499 Ordinary Shares
12/31/2024 Morgan Stanley Australia Securities Limited Buy 31.76 (AUD) 4 Ordinary Shares
12/31/2024 Morgan Stanley Australia Securities Limited Buy 359.55 (AUD) 45 Ordinary Shares
12/31/2024 Morgan Stanley Australia Securities Limited Buy 405.96 (AUD) 51 Ordinary Shares
12/31/2024 Morgan Stanley Australia Securities Limited Buy 55.96 (AUD) 7 Ordinary Shares
12/31/2024 Morgan Stanley Australia Securities Limited Buy 551.31 (AUD) 69 Ordinary Shares
12/31/2024 Morgan Stanley Australia Securities Limited Buy 694.26 (AUD) 87 Ordinary Shares
12/31/2024 Morgan Stanley Australia Securities Limited Buy 792.00 (AUD) 99 Ordinary Shares
12/31/2024 Morgan Stanley Australia Securities Limited Buy 865.08 (AUD) 108 Ordinary Shares
12/31/2024 Morgan Stanley Australia Securities Limited Buy 952.00 (AUD) 119 Ordinary Shares
12/31/2024 Morgan Stanley Australia Securities Limited Buy 992.50 (AUD) 125 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 1,037.52 (AUD) 131 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 1,202.32 (AUD) 152 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 1,208.40 (AUD) 152 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 1,275.75 (AUD) 162 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 1,319.30 (AUD) 167 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 1,407.98 (AUD) 178 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 1,496.88 (AUD) 189 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 1,507.94 (AUD) 191 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 1,576.00 (AUD) 200 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 1,833.96 (AUD) 232 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 1,841.58 (AUD) 234 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 10,525.62 (AUD) 1,319 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 102.70 (AUD) 13 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 11,864.58 (AUD) 1,499 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 134.89 (AUD) 17 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 150.10 (AUD) 19 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 157.80 (AUD) 20 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 189.12 (AUD) 24 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 190.08 (AUD) 24 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 197.00 (AUD) 25 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 205.27 (AUD) 26 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 25,082.31 (AUD) 3,179 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 25,626.72 (AUD) 3,248 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 253.76 (AUD) 32 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 3,424.26 (AUD) 434 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 3,738.25 (AUD) 475 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 308.88 (AUD) 39 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 330.54 (AUD) 42 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 347.16 (AUD) 44 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 388.08 (AUD) 49 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 4,158.03 (AUD) 527 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 4,334.35 (AUD) 549 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 42,235.17 (AUD) 5,353 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 480.37 (AUD) 61 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 487.94 (AUD) 62 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 552.30 (AUD) 70 Ordinary Shares
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01/02/2025 Morgan Stanley Australia Securities Limited Buy 682.41 (AUD) 86 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 7,932.30 (AUD) 1,006 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 729.10 (AUD) 92 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 736.56 (AUD) 93 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 79.10 (AUD) 10 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 8,055.69 (AUD) 1,021 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 8,591.61 (AUD) 1,091 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 838.46 (AUD) 106 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 87.12 (AUD) 11 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 87.23 (AUD) 11 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 894.39 (AUD) 113 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 91,587.12 (AUD) 11,608 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 931.61 (AUD) 118 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 938.69 (AUD) 118 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 949.80 (AUD) 120 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 977.12 (AUD) 124 Ordinary Shares
01/02/2025 Morgan Stanley Australia Securities Limited Buy 994.14 (AUD) 126 Ordinary Shares
01/02/2025 Morgan Stanley Capital Services LLC Buy N/A 1,173 Swaps
01/02/2025 Morgan Stanley Capital Services LLC Buy N/A 105 Swaps
01/03/2025 Morgan Stanley & Co. International plc Collateral Received N/A 160,948 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 1,742.40 (AUD) 220 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 1,748.36 (AUD) 218 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 1,778.56 (AUD) 224 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 1,901.24 (AUD) 239 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 1,968.59 (AUD) 247 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 111.02 (AUD) 14 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 134.13 (AUD) 17 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 135.23 (AUD) 17 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 2,636.70 (AUD) 330 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 2,681.49 (AUD) 339 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 2,703.00 (AUD) 340 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 2,748.24 (AUD) 347 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 2,978.30 (AUD) 377 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 24,332.00 (AUD) 3,080 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 262.51 (AUD) 33 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 3,235.95 (AUD) 405 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 3,389.10 (AUD) 429 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 300.96 (AUD) 38 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 332.22 (AUD) 42 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 4,248.00 (AUD) 531 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 4,372.50 (AUD) 550 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 4,605.70 (AUD) 583 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 466.69 (AUD) 59 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 491.04 (AUD) 62 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 5,038.68 (AUD) 633 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 5,220.60 (AUD) 660 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 596.25 (AUD) 75 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 6,998.46 (AUD) 877 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 62,536.40 (AUD) 7,916 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 648.81 (AUD) 81 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 7.91 (AUD) 1 Ordinary Share
01/03/2025 Morgan Stanley Australia Securities Limited Buy 7.95 (AUD) 1 Ordinary Share
01/03/2025 Morgan Stanley Australia Securities Limited Buy 707.55 (AUD) 89 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 731.40 (AUD) 92 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 741.21 (AUD) 93 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 779.59 (AUD) 98 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 79.30 (AUD) 10 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 885.92 (AUD) 112 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 9,717.00 (AUD) 1,230 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 921.62 (AUD) 116 Ordinary Shares
01/03/2025 Morgan Stanley Australia Securities Limited Buy 944.00 (AUD) 118 Ordinary Shares
01/03/2025 Morgan Stanley Capital Services LLC Buy N/A 135 Swaps
01/03/2025 Morgan Stanley Capital Services LLC Buy N/A 2,646 Swaps
01/03/2025 Morgan Stanley Capital Services LLC Buy N/A 578 Swaps
01/03/2025 Morgan Stanley Capital Services LLC Buy N/A 642 Swaps
01/06/2025 Morgan Stanley Australia Securities Limited Buy 1,030.97 (AUD) 131 Ordinary Shares
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01/06/2025 Morgan Stanley Australia Securities Limited Buy 1,344.06 (AUD) 171 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 1,404.42 (AUD) 178 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 1,466.60 (AUD) 186 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 1,567.80 (AUD) 201 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 1,607.20 (AUD) 205 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 1,785.35 (AUD) 227 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 1,804.52 (AUD) 229 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 1,811.25 (AUD) 230 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 1,902.12 (AUD) 242 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 102.24 (AUD) 13 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 109.76 (AUD) 14 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 109.90 (AUD) 14 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 110.18 (AUD) 14 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 142.02 (AUD) 18 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 15.80 (AUD) 2 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 16,824.60 (AUD) 2,157 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 164.85 (AUD) 21 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 165.06 (AUD) 21 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 189.12 (AUD) 24 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 189.12 (AUD) 24 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 19,484.40 (AUD) 2,498 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 2,093.42 (AUD) 266 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 2,687.08 (AUD) 341 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 2,841.07 (AUD) 361 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 21,957.00 (AUD) 2,815 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 213.03 (AUD) 27 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 259.21 (AUD) 33 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 28,204.80 (AUD) 3,616 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 3,053.65 (AUD) 389 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 3,063.36 (AUD) 389 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 3,582.06 (AUD) 454 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 31.44 (AUD) 4 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 36,020.40 (AUD) 4,618 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 360.18 (AUD) 46 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 39.00 (AUD) 5 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 4,631.50 (AUD) 590 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 4,711.20 (AUD) 604 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 4,797.12 (AUD) 608 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 400.35 (AUD) 51 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 478.85 (AUD) 61 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 5,039.70 (AUD) 642 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 511.55 (AUD) 65 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 522.06 (AUD) 66 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 551.60 (AUD) 70 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 588.75 (AUD) 75 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 597.36 (AUD) 76 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 619.36 (AUD) 79 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 62.76 (AUD) 8 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 631.20 (AUD) 80 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 659.40 (AUD) 84 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 668.52 (AUD) 85 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 691.68 (AUD) 88 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 70.69 (AUD) 9 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 737.90 (AUD) 94 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 74,014.20 (AUD) 9,489 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 740.25 (AUD) 94 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 761.93 (AUD) 97 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 768.80 (AUD) 98 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 78.60 (AUD) 10 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 83,194.80 (AUD) 10,666 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 856.98 (AUD) 108 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 858.37 (AUD) 109 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 9,063.60 (AUD) 1,162 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 925.47 (AUD) 117 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 946.80 (AUD) 120 Ordinary Shares
01/06/2025 Morgan Stanley Australia Securities Limited Buy 961.36 (AUD) 122 Ordinary Shares
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01/06/2025 Morgan Stanley Australia Securities Limited Buy 995.68 (AUD) 127 Ordinary Shares
01/06/2025 Morgan Stanley Capital Services LLC Buy N/A 462 Swaps
01/07/2025 Morgan Stanley Australia Securities Limited Buy 1,415.70 (AUD) 180 Ordinary Shares
01/07/2025 Morgan Stanley Australia Securities Limited Buy 1,643.20 (AUD) 208 Ordinary Shares
01/07/2025 Morgan Stanley Australia Securities Limited Buy 110.18 (AUD) 14 Ordinary Shares
01/07/2025 Morgan Stanley Australia Securities Limited Buy 2,943.75 (AUD) 375 Ordinary Shares
01/07/2025 Morgan Stanley Australia Securities Limited Buy 37,664.30 (AUD) 4,798 Ordinary Shares
01/07/2025 Morgan Stanley Australia Securities Limited Buy 370.36 (AUD) 47 Ordinary Shares
01/07/2025 Morgan Stanley Australia Securities Limited Buy 431.75 (AUD) 55 Ordinary Shares
01/07/2025 Morgan Stanley Australia Securities Limited Buy 458.78 (AUD) 58 Ordinary Shares
01/07/2025 Morgan Stanley Australia Securities Limited Buy 5,268.37 (AUD) 669 Ordinary Shares
01/07/2025 Morgan Stanley Australia Securities Limited Buy 5,801.15 (AUD) 739 Ordinary Shares
01/07/2025 Morgan Stanley Australia Securities Limited Buy 63.44 (AUD) 8 Ordinary Shares
01/07/2025 Morgan Stanley Australia Securities Limited Buy 7,224.66 (AUD) 918 Ordinary Shares
01/07/2025 Morgan Stanley Australia Securities Limited Buy 7,229.25 (AUD) 918 Ordinary Shares
01/07/2025 Morgan Stanley Australia Securities Limited Buy 719.81 (AUD) 91 Ordinary Shares
01/07/2025 Morgan Stanley Capital Services LLC Buy N/A 5,615 Swaps
01/07/2025 Morgan Stanley Capital Services LLC Buy N/A 756 Swaps
01/08/2025 Morgan Stanley Australia Securities Limited Buy 1,136.80 (AUD) 145 Ordinary Shares
01/08/2025 Morgan Stanley Australia Securities Limited Buy 1,356.32 (AUD) 173 Ordinary Shares
01/08/2025 Morgan Stanley Australia Securities Limited Buy 1,568.00 (AUD) 200 Ordinary Shares
01/08/2025 Morgan Stanley Australia Securities Limited Buy 1,664.20 (AUD) 212 Ordinary Shares
01/08/2025 Morgan Stanley Australia Securities Limited Buy 109.90 (AUD) 14 Ordinary Shares
01/08/2025 Morgan Stanley Australia Securities Limited Buy 16,903.04 (AUD) 2,156 Ordinary Shares
01/08/2025 Morgan Stanley Australia Securities Limited Buy 2,085.55 (AUD) 265 Ordinary Shares
01/08/2025 Morgan Stanley Australia Securities Limited Buy 2,310.84 (AUD) 294 Ordinary Shares
01/08/2025 Morgan Stanley Australia Securities Limited Buy 211.95 (AUD) 27 Ordinary Shares
01/08/2025 Morgan Stanley Australia Securities Limited Buy 298.30 (AUD) 38 Ordinary Shares
01/08/2025 Morgan Stanley Australia Securities Limited Buy 3,087.01 (AUD) 393 Ordinary Shares
01/08/2025 Morgan Stanley Australia Securities Limited Buy 3,120.32 (AUD) 398 Ordinary Shares
01/08/2025 Morgan Stanley Australia Securities Limited Buy 3,896.08 (AUD) 496 Ordinary Shares
01/08/2025 Morgan Stanley Australia Securities Limited Buy 314.00 (AUD) 40 Ordinary Shares
01/08/2025 Morgan Stanley Australia Securities Limited Buy 361.10 (AUD) 46 Ordinary Shares
01/08/2025 Morgan Stanley Australia Securities Limited Buy 4,168.45 (AUD) 530 Ordinary Shares
01/08/2025 Morgan Stanley Australia Securities Limited Buy 5,190.08 (AUD) 662 Ordinary Shares
01/08/2025 Morgan Stanley Australia Securities Limited Buy 5,762.40 (AUD) 735 Ordinary Shares
01/08/2025 Morgan Stanley Australia Securities Limited Buy 6,515.04 (AUD) 831 Ordinary Shares
01/08/2025 Morgan Stanley Australia Securities Limited Buy 62.80 (AUD) 8 Ordinary Shares
01/08/2025 Morgan Stanley Australia Securities Limited Buy 693.44 (AUD) 88 Ordinary Shares
01/08/2025 Morgan Stanley Australia Securities Limited Buy 776.16 (AUD) 99 Ordinary Shares
01/08/2025 Morgan Stanley Australia Securities Limited Buy 9,086.56 (AUD) 1,159 Ordinary Shares
01/08/2025 Morgan Stanley Australia Securities Limited Buy 9,831.36 (AUD) 1,254 Ordinary Shares
01/08/2025 Morgan Stanley Australia Securities Limited Buy 99,199.52 (AUD) 12,653 Ordinary Shares
01/08/2025 Morgan Stanley Capital Services LLC Buy N/A 2,810 Swaps
01/09/2025 Morgan Stanley Australia Securities Limited Buy 1,007.36 (AUD) 128 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 1,123.20 (AUD) 144 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 1,153.95 (AUD) 147 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 1,164.00 (AUD) 150 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 1,251.20 (AUD) 160 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 1,317.63 (AUD) 167 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 1,476.30 (AUD) 190 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 1,495.68 (AUD) 192 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 1,612.53 (AUD) 207 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 1,634.38 (AUD) 209 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 1,668.44 (AUD) 212 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 1,691.28 (AUD) 216 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 1,715.86 (AUD) 219 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 1,836.08 (AUD) 236 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 1,960.00 (AUD) 250 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 1,966.25 (AUD) 250 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 11,188.02 (AUD) 1,418 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 13,825.06 (AUD) 1,777 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 15.66 (AUD) 2 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 16,655.79 (AUD) 2,111 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 194.50 (AUD) 25 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 197.25 (AUD) 25 Ordinary Shares
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01/09/2025 Morgan Stanley Australia Securities Limited Buy 2,200.80 (AUD) 280 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 2,402.10 (AUD) 306 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 2,841.07 (AUD) 361 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 226.78 (AUD) 29 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 241.80 (AUD) 31 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 243.66 (AUD) 31 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 244.59 (AUD) 31 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 257.07 (AUD) 33 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 3,213.14 (AUD) 413 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 3,588.00 (AUD) 460 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 310.40 (AUD) 40 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 355.50 (AUD) 45 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 39.25 (AUD) 5 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 4,252.71 (AUD) 539 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 4,568.76 (AUD) 588 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 499.84 (AUD) 64 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 574.24 (AUD) 74 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 574.24 (AUD) 74 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 6,646.31 (AUD) 851 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 623.31 (AUD) 79 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 685.52 (AUD) 88 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 689.92 (AUD) 88 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 817.44 (AUD) 104 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 851.04 (AUD) 108 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 938.91 (AUD) 119 Ordinary Shares
01/09/2025 Morgan Stanley Australia Securities Limited Buy 956.94 (AUD) 123 Ordinary Shares
01/09/2025 Morgan Stanley Capital Services LLC Buy N/A 3,009 Swaps
01/10/2025 Morgan Stanley Australia Securities Limited Buy 2,418.00 (AUD) 310 Ordinary Shares
01/10/2025 Morgan Stanley Australia Securities Limited Buy 211.14 (AUD) 27 Ordinary Shares
01/10/2025 Morgan Stanley Australia Securities Limited Buy 25,468.41 (AUD) 3,261 Ordinary Shares
01/10/2025 Morgan Stanley Australia Securities Limited Buy 264.86 (AUD) 34 Ordinary Shares
01/10/2025 Morgan Stanley Australia Securities Limited Buy 3,133.80 (AUD) 401 Ordinary Shares
01/10/2025 Morgan Stanley Australia Securities Limited Buy 327.39 (AUD) 42 Ordinary Shares
01/10/2025 Morgan Stanley Australia Securities Limited Buy 38.97 (AUD) 5 Ordinary Shares
01/10/2025 Morgan Stanley Australia Securities Limited Buy 39.00 (AUD) 5 Ordinary Shares
01/10/2025 Morgan Stanley Australia Securities Limited Buy 4,350.17 (AUD) 557 Ordinary Shares
01/10/2025 Morgan Stanley Australia Securities Limited Buy 54.60 (AUD) 7 Ordinary Shares
01/10/2025 Morgan Stanley Australia Securities Limited Buy 562.68 (AUD) 72 Ordinary Shares
01/10/2025 Morgan Stanley Australia Securities Limited Buy 579.42 (AUD) 74 Ordinary Shares
01/10/2025 Morgan Stanley Australia Securities Limited Buy 586.87 (AUD) 75 Ordinary Shares
01/10/2025 Morgan Stanley Australia Securities Limited Buy 6,904.04 (AUD) 884 Ordinary Shares
01/10/2025 Morgan Stanley Australia Securities Limited Buy 70.29 (AUD) 9 Ordinary Shares
01/10/2025 Morgan Stanley Australia Securities Limited Buy 709.80 (AUD) 91 Ordinary Shares
01/10/2025 Morgan Stanley Australia Securities Limited Buy 734.14 (AUD) 94 Ordinary Shares
01/10/2025 Morgan Stanley Australia Securities Limited Buy 851.29 (AUD) 109 Ordinary Shares
01/10/2025 Morgan Stanley Australia Securities Limited Buy 9,528.20 (AUD) 1,220 Ordinary Shares
01/10/2025 Morgan Stanley Australia Securities Limited Buy 930.58 (AUD) 119 Ordinary Shares
01/10/2025 Morgan Stanley Capital Services LLC Buy N/A 200 Swaps
01/13/2025 Morgan Stanley & Co. International plc Buy 7.68 (AUD) 1 Ordinary Share
01/13/2025 Morgan Stanley Australia Securities Limited Buy 1,996.80 (AUD) 260 Ordinary Shares
01/13/2025 Morgan Stanley Australia Securities Limited Buy 10,245.12 (AUD) 1,334 Ordinary Shares
01/13/2025 Morgan Stanley Australia Securities Limited Buy 107.94 (AUD) 14 Ordinary Shares
01/13/2025 Morgan Stanley Australia Securities Limited Buy 11,151.36 (AUD) 1,452 Ordinary Shares
01/13/2025 Morgan Stanley Australia Securities Limited Buy 15.32 (AUD) 2 Ordinary Shares
01/13/2025 Morgan Stanley Australia Securities Limited Buy 161.70 (AUD) 21 Ordinary Shares
01/13/2025 Morgan Stanley Australia Securities Limited Buy 2,496.00 (AUD) 325 Ordinary Shares
01/13/2025 Morgan Stanley Australia Securities Limited Buy 3,747.84 (AUD) 488 Ordinary Shares
01/13/2025 Morgan Stanley Australia Securities Limited Buy 303.03 (AUD) 39 Ordinary Shares
01/13/2025 Morgan Stanley Australia Securities Limited Buy 453.12 (AUD) 59 Ordinary Shares
01/13/2025 Morgan Stanley Australia Securities Limited Buy 637.02 (AUD) 83 Ordinary Shares
01/13/2025 Morgan Stanley Australia Securities Limited Buy 7.69 (AUD) 1 Ordinary Share
01/13/2025 Morgan Stanley Australia Securities Limited Buy 756.56 (AUD) 98 Ordinary Shares
01/13/2025 Morgan Stanley Australia Securities Limited Buy 837.12 (AUD) 109 Ordinary Shares
01/13/2025 Morgan Stanley Australia Securities Limited Buy 92.76 (AUD) 12 Ordinary Shares
01/13/2025 Morgan Stanley Capital Services LLC Buy N/A 3,375 Swaps
01/13/2025 Morgan Stanley Capital Services LLC Buy N/A 775 Swaps
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01/14/2025 Morgan Stanley & Co. International plc Borrow N/A 8,627 Ordinary Shares
01/14/2025 Morgan Stanley Australia Securities Limited Buy 1,812.74 (AUD) 233 Ordinary Shares
01/14/2025 Morgan Stanley Australia Securities Limited Buy 1,901.20 (AUD) 245 Ordinary Shares
01/14/2025 Morgan Stanley Australia Securities Limited Buy 2,129.40 (AUD) 273 Ordinary Shares
01/14/2025 Morgan Stanley Australia Securities Limited Buy 241.49 (AUD) 31 Ordinary Shares
01/14/2025 Morgan Stanley Australia Securities Limited Buy 344.08 (AUD) 44 Ordinary Shares
01/14/2025 Morgan Stanley Australia Securities Limited Buy 543.90 (AUD) 70 Ordinary Shares
01/14/2025 Morgan Stanley Australia Securities Limited Buy 638.78 (AUD) 82 Ordinary Shares
01/14/2025 Morgan Stanley Australia Securities Limited Buy 7,866.92 (AUD) 1,006 Ordinary Shares
01/14/2025 Morgan Stanley Australia Securities Limited Buy 955.71 (AUD) 123 Ordinary Shares
01/14/2025 Morgan Stanley Capital Services LLC Buy N/A 2,369 Swaps
01/14/2025 Morgan Stanley Capital Services LLC Buy N/A 2,723 Swaps
01/14/2025 Morgan Stanley Capital Services LLC Buy N/A 4,709 Swaps
01/15/2025 Morgan Stanley & Co. International plc Borrow N/A 7,857 Ordinary Shares
01/15/2025 Morgan Stanley & Co. International plc Buy 26,344.18 3,074 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 1,112.49 (AUD) 141 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 1,305.59 (AUD) 166 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 1,364.97 (AUD) 173 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 1,430.52 (AUD) 182 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 1,479.56 (AUD) 188 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 1,630.72 (AUD) 208 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 1,672.05 (AUD) 213 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 11,774.28 (AUD) 1,498 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 12,191.20 (AUD) 1,555 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 2,035.62 (AUD) 258 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 2,080.25 (AUD) 265 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 2,195.73 (AUD) 279 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 2,255.82 (AUD) 287 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 20,924.96 (AUD) 2,669 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 3,199.50 (AUD) 405 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 3,642.40 (AUD) 464 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 31,116.96 (AUD) 3,969 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 31.40 (AUD) 4 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 328.44 (AUD) 42 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 329,758.24 (AUD) 42,061 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 4,084.64 (AUD) 521 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 4,702.15 (AUD) 599 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 5,295.36 (AUD) 672 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 516.78 (AUD) 66 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 62.80 (AUD) 8 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 7,463.68 (AUD) 952 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 7.70 (AUD) 1 Ordinary Share
01/15/2025 Morgan Stanley Australia Securities Limited Buy 724.50 (AUD) 92 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 78.70 (AUD) 10 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 832.10 (AUD) 106 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 86.68 (AUD) 11 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 86.84 (AUD) 11 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 863.50 (AUD) 110 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 942.00 (AUD) 120 Ordinary Shares
01/15/2025 Morgan Stanley Australia Securities Limited Buy 943.20 (AUD) 120 Ordinary Shares
01/15/2025 Morgan Stanley Capital Services LLC Buy N/A 375 Swaps
01/16/2025 Morgan Stanley & Co. International plc Buy 15,007.77 1,731 Ordinary Shares
01/16/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 244,271 Ordinary Shares
01/16/2025 Morgan Stanley Australia Securities Limited Buy 1,664.79 (AUD) 211 Ordinary Shares
01/16/2025 Morgan Stanley Australia Securities Limited Buy 1,873.84 (AUD) 236 Ordinary Shares
01/16/2025 Morgan Stanley Australia Securities Limited Buy 126.48 (AUD) 16 Ordinary Shares
01/16/2025 Morgan Stanley Australia Securities Limited Buy 14,241.45 (AUD) 1,805 Ordinary Shares
01/16/2025 Morgan Stanley Australia Securities Limited Buy 17,271.21 (AUD) 2,189 Ordinary Shares
01/16/2025 Morgan Stanley Australia Securities Limited Buy 2,547.02 (AUD) 322 Ordinary Shares
01/16/2025 Morgan Stanley Australia Securities Limited Buy 39.50 (AUD) 5 Ordinary Shares
01/16/2025 Morgan Stanley Australia Securities Limited Buy 4,158.03 (AUD) 527 Ordinary Shares
01/16/2025 Morgan Stanley Australia Securities Limited Buy 419.76 (AUD) 53 Ordinary Shares
01/16/2025 Morgan Stanley Australia Securities Limited Buy 435.05 (AUD) 55 Ordinary Shares
01/16/2025 Morgan Stanley Australia Securities Limited Buy 658.60 (AUD) 83 Ordinary Shares
01/16/2025 Morgan Stanley Australia Securities Limited Buy 674.05 (AUD) 85 Ordinary Shares
01/16/2025 Morgan Stanley Australia Securities Limited Buy 7.94 (AUD) 1 Ordinary Share
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01/16/2025 Morgan Stanley Australia Securities Limited Buy 761.28 (AUD) 96 Ordinary Shares
01/16/2025 Morgan Stanley Australia Securities Limited Buy 79.25 (AUD) 10 Ordinary Shares
01/16/2025 Morgan Stanley Australia Securities Limited Buy 797.90 (AUD) 101 Ordinary Shares
01/16/2025 Morgan Stanley Australia Securities Limited Buy 859.68 (AUD) 108 Ordinary Shares
01/16/2025 Morgan Stanley Australia Securities Limited Buy 941.29 (AUD) 119 Ordinary Shares
01/16/2025 Morgan Stanley Capital Services LLC Buy N/A 293 Swaps
01/16/2025 Morgan Stanley Capital Services LLC Buy N/A 9,717 Swaps
01/17/2025 Morgan Stanley & Co. International plc Borrow N/A 1,897 Ordinary Shares
01/17/2025 Morgan Stanley & Co. International plc Buy 21,933.72 2,484 Ordinary Shares
01/17/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 3,743,029 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 1,196.67 (AUD) 151 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 1,307.26 (AUD) 163 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 1,457.82 (AUD) 182 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 1,467.54 (AUD) 186 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 1,808.00 (AUD) 226 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 1,934.28 (AUD) 243 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 126.08 (AUD) 16 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 16.02 (AUD) 2 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 2,406.94 (AUD) 302 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 20,698.09 (AUD) 2,597 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 215.19 (AUD) 27 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 220.64 (AUD) 28 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 23.79 (AUD) 3 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 237.60 (AUD) 30 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 280.17 (AUD) 35 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 280.35 (AUD) 35 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 3,253.58 (AUD) 409 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 3,753.25 (AUD) 476 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 31.76 (AUD) 4 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 339.91 (AUD) 43 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 34,350.70 (AUD) 4,310 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 341.42 (AUD) 43 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 4,530.24 (AUD) 572 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 44,209.59 (AUD) 5,547 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 55.79 (AUD) 7 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 6,503.52 (AUD) 816 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 610.61 (AUD) 77 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 613.69 (AUD) 77 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 630.02 (AUD) 79 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 808.00 (AUD) 101 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 881.10 (AUD) 110 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 928.00 (AUD) 116 Ordinary Shares
01/17/2025 Morgan Stanley Australia Securities Limited Buy 977.85 (AUD) 123 Ordinary Shares
01/17/2025 Morgan Stanley Capital Services LLC Buy N/A 507 Swaps
01/20/2025 Morgan Stanley & Co. International plc Collateral Received N/A 3,751,012 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 1,002.96 (AUD) 126 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 1,104.35 (AUD) 139 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 1,377.08 (AUD) 173 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 1,397.44 (AUD) 176 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 1,805.74 (AUD) 226 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 1,899.24 (AUD) 238 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 11,702.40 (AUD) 1,472 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 119.40 (AUD) 15 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 143.28 (AUD) 18 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 15.89 (AUD) 2 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 182.62 (AUD) 23 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 19,588.80 (AUD) 2,464 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 2,104.10 (AUD) 265 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 2,279.42 (AUD) 286 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 2,386.50 (AUD) 300 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 2,735.85 (AUD) 345 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 20,884.65 (AUD) 2,627 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 27,991.95 (AUD) 3,521 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 28,540.50 (AUD) 3,590 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 3,072.56 (AUD) 386 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 3,295.44 (AUD) 414 Ordinary Shares
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01/20/2025 Morgan Stanley Australia Securities Limited Buy 3,439.38 (AUD) 431 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 3,518.32 (AUD) 442 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 3,560.35 (AUD) 447 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 3,758.58 (AUD) 471 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 31,863.60 (AUD) 4,008 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 4,393.92 (AUD) 552 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 4,948.01 (AUD) 622 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 438.07 (AUD) 55 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 438.35 (AUD) 55 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 5,402.46 (AUD) 677 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 525.69 (AUD) 66 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 533.65 (AUD) 67 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 565.16 (AUD) 71 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 579.62 (AUD) 73 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 581.44 (AUD) 73 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 637.60 (AUD) 80 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 68,974.20 (AUD) 8,676 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 706.66 (AUD) 89 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 713.70 (AUD) 90 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 730.02 (AUD) 92 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 79.20 (AUD) 10 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 79.40 (AUD) 10 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 8,212.35 (AUD) 1,033 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 8,790.91 (AUD) 1,103 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 804.46 (AUD) 101 Ordinary Shares
01/20/2025 Morgan Stanley Australia Securities Limited Buy 902.87 (AUD) 113 Ordinary Shares
01/20/2025 Morgan Stanley Capital Services LLC Buy N/A 1,634 Swaps
01/21/2025 Morgan Stanley & Co. International plc Buy 999.78 114 Ordinary Shares
01/21/2025 Morgan Stanley & Co. International plc Collateral Received N/A 101,560 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 1,243.32 (AUD) 156 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 1,499.30 (AUD) 188 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 1,689.64 (AUD) 212 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 1,887.70 (AUD) 237 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 10,499.24 (AUD) 1,319 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 13,651.40 (AUD) 1,715 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 143.46 (AUD) 18 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 15.96 (AUD) 2 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 19,955.72 (AUD) 2,507 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 2,093.38 (AUD) 262 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 2,218.44 (AUD) 278 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 2,378.54 (AUD) 299 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 2,388.00 (AUD) 300 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 2,440.65 (AUD) 307 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 2,674.56 (AUD) 336 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 2,926.82 (AUD) 367 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 20,210.44 (AUD) 2,539 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 206.44 (AUD) 26 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 255.36 (AUD) 32 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 255.36 (AUD) 32 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 26,387.40 (AUD) 3,315 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 3,096.44 (AUD) 389 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 3,224.04 (AUD) 402 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 4,248.01 (AUD) 533 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 438.90 (AUD) 55 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 5,038.68 (AUD) 633 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 600.75 (AUD) 75 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 645.57 (AUD) 81 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 688.86 (AUD) 86 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 79.70 (AUD) 10 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 803.45 (AUD) 101 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 811.92 (AUD) 102 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 88.27 (AUD) 11 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 933.66 (AUD) 117 Ordinary Shares
01/21/2025 Morgan Stanley Australia Securities Limited Buy 938.10 (AUD) 118 Ordinary Shares
01/22/2025 Morgan Stanley & Co. International plc Collateral Received N/A 134,728 Ordinary Shares
01/22/2025 Morgan Stanley Australia Securities Limited Buy 17,188.08 (AUD) 2,184 Ordinary Shares
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01/22/2025 Morgan Stanley Australia Securities Limited Buy 18,061.65 (AUD) 2,295 Ordinary Shares
01/22/2025 Morgan Stanley Australia Securities Limited Buy 302.48 (AUD) 38 Ordinary Shares
01/22/2025 Morgan Stanley Australia Securities Limited Buy 41,695.26 (AUD) 5,298 Ordinary Shares
01/22/2025 Morgan Stanley Australia Securities Limited Buy 570.24 (AUD) 72 Ordinary Shares
01/22/2025 Morgan Stanley Australia Securities Limited Buy 609.07 (AUD) 77 Ordinary Shares
01/22/2025 Morgan Stanley Australia Securities Limited Buy 63.28 (AUD) 8 Ordinary Shares
01/22/2025 Morgan Stanley Australia Securities Limited Buy 768.24 (AUD) 97 Ordinary Shares
01/23/2025 Morgan Stanley Australia Securities Limited Buy 140.49 (AUD) 18 Ordinary Shares
01/23/2025 Morgan Stanley Australia Securities Limited Buy 2,176.25 (AUD) 276 Ordinary Shares
01/23/2025 Morgan Stanley Australia Securities Limited Buy 2,527.20 (AUD) 324 Ordinary Shares
01/23/2025 Morgan Stanley Australia Securities Limited Buy 21,481.20 (AUD) 2,754 Ordinary Shares
01/23/2025 Morgan Stanley Australia Securities Limited Buy 31.22 (AUD) 4 Ordinary Shares
01/23/2025 Morgan Stanley Australia Securities Limited Buy 351.45 (AUD) 45 Ordinary Shares
01/23/2025 Morgan Stanley Australia Securities Limited Buy 366.13 (AUD) 47 Ordinary Shares
01/23/2025 Morgan Stanley Australia Securities Limited Buy 385.14 (AUD) 49 Ordinary Shares
01/23/2025 Morgan Stanley Australia Securities Limited Buy 452.40 (AUD) 58 Ordinary Shares
01/23/2025 Morgan Stanley Australia Securities Limited Buy 46.74 (AUD) 6 Ordinary Shares
01/23/2025 Morgan Stanley Australia Securities Limited Buy 62.24 (AUD) 8 Ordinary Shares
01/23/2025 Morgan Stanley Australia Securities Limited Buy 693.44 (AUD) 88 Ordinary Shares
01/23/2025 Morgan Stanley Australia Securities Limited Buy 894.96 (AUD) 113 Ordinary Shares
01/23/2025 Morgan Stanley Capital Services LLC Buy N/A 17,314 Swaps
01/23/2025 Morgan Stanley Capital Services LLC Buy N/A 3,439 Swaps
01/23/2025 Morgan Stanley Capital Services LLC Buy N/A 3,701 Swaps
01/23/2025 Parametric Portfolio Associates LLC Buy 81,887.38 (AUD) 10,359 Ordinary Shares
01/24/2025 Morgan Stanley & Co. International plc Borrow N/A 33,030 Ordinary Shares
01/24/2025 Morgan Stanley Australia Securities Limited Buy 217.56 (AUD) 28 Ordinary Shares
01/24/2025 Morgan Stanley Australia Securities Limited Buy 279.36 (AUD) 36 Ordinary Shares
01/24/2025 Morgan Stanley Australia Securities Limited Buy 4,535.74 (AUD) 583 Ordinary Shares
01/24/2025 Morgan Stanley Australia Securities Limited Buy 552.38 (AUD) 71 Ordinary Shares
01/24/2025 Morgan Stanley Australia Securities Limited Buy 567.21 (AUD) 73 Ordinary Shares
01/24/2025 Morgan Stanley Australia Securities Limited Buy 600.60 (AUD) 77 Ordinary Shares
01/24/2025 Morgan Stanley Australia Securities Limited Buy 645.31 (AUD) 83 Ordinary Shares
01/24/2025 Morgan Stanley Capital Services LLC Buy N/A 14,165 Swaps
01/24/2025 Morgan Stanley Capital Services LLC Buy N/A 6,852 Swaps
01/24/2025 Morgan Stanley Capital Services LLC Buy N/A 955 Swaps
01/28/2025 Morgan Stanley Australia Securities Limited Buy 1,158.09 (AUD) 148 Ordinary Shares
01/28/2025 Morgan Stanley Australia Securities Limited Buy 1,542.51 (AUD) 197 Ordinary Shares
01/28/2025 Morgan Stanley Australia Securities Limited Buy 11,384.22 (AUD) 1,453 Ordinary Shares
01/28/2025 Morgan Stanley Australia Securities Limited Buy 3,380.39 (AUD) 432 Ordinary Shares
01/28/2025 Morgan Stanley Australia Securities Limited Buy 3,619.76 (AUD) 462 Ordinary Shares
01/28/2025 Morgan Stanley Australia Securities Limited Buy 4,695.60 (AUD) 602 Ordinary Shares
01/28/2025 Morgan Stanley Australia Securities Limited Buy 453.85 (AUD) 58 Ordinary Shares
01/28/2025 Morgan Stanley Australia Securities Limited Buy 46,729.44 (AUD) 5,968 Ordinary Shares
01/28/2025 Morgan Stanley Australia Securities Limited Buy 5,047.11 (AUD) 645 Ordinary Shares
01/28/2025 Morgan Stanley Australia Securities Limited Buy 5,124.60 (AUD) 657 Ordinary Shares
01/28/2025 Morgan Stanley Australia Securities Limited Buy 5,210.40 (AUD) 668 Ordinary Shares
01/28/2025 Morgan Stanley Australia Securities Limited Buy 7,921.18 (AUD) 1,011 Ordinary Shares
01/28/2025 Morgan Stanley Australia Securities Limited Buy 8,923.20 (AUD) 1,144 Ordinary Shares
01/28/2025 Morgan Stanley Australia Securities Limited Buy 876.96 (AUD) 112 Ordinary Shares
01/28/2025 Morgan Stanley Capital Services LLC Buy N/A 1 Swap
01/28/2025 Morgan Stanley Capital Services LLC Buy N/A 1,223 Swaps
01/28/2025 Morgan Stanley Capital Services LLC Buy N/A 11 Swaps
01/28/2025 Morgan Stanley Capital Services LLC Buy N/A 15,604 Swaps
01/29/2025 Morgan Stanley & Co. International plc Borrow N/A 3,218 Ordinary Shares
01/29/2025 Morgan Stanley & Co. International plc Buy 105.00 12 Ordinary Shares
01/29/2025 Morgan Stanley Australia Securities Limited Buy 1,167.91 (AUD) 147 Ordinary Shares
01/29/2025 Morgan Stanley Australia Securities Limited Buy 111.44 (AUD) 14 Ordinary Shares
01/29/2025 Morgan Stanley Australia Securities Limited Buy 142.02 (AUD) 18 Ordinary Shares
01/29/2025 Morgan Stanley Australia Securities Limited Buy 143.28 (AUD) 18 Ordinary Shares
01/29/2025 Morgan Stanley Australia Securities Limited Buy 156.30 (AUD) 20 Ordinary Shares
01/29/2025 Morgan Stanley Australia Securities Limited Buy 159.00 (AUD) 20 Ordinary Shares
01/29/2025 Morgan Stanley Australia Securities Limited Buy 166.11 (AUD) 21 Ordinary Shares
01/29/2025 Morgan Stanley Australia Securities Limited Buy 2,006.60 (AUD) 254 Ordinary Shares
01/29/2025 Morgan Stanley Australia Securities Limited Buy 205.79 (AUD) 26 Ordinary Shares
01/29/2025 Morgan Stanley Australia Securities Limited Buy 228.95 (AUD) 29 Ordinary Shares
01/29/2025 Morgan Stanley Australia Securities Limited Buy 23.76 (AUD) 3 Ordinary Shares
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01/29/2025 Morgan Stanley Australia Securities Limited Buy 238.35 (AUD) 30 Ordinary Shares
01/29/2025 Morgan Stanley Australia Securities Limited Buy 292.67 (AUD) 37 Ordinary Shares
01/29/2025 Morgan Stanley Australia Securities Limited Buy 4,160.66 (AUD) 526 Ordinary Shares
01/29/2025 Morgan Stanley Australia Securities Limited Buy 441.28 (AUD) 56 Ordinary Shares
01/29/2025 Morgan Stanley Australia Securities Limited Buy 477.30 (AUD) 60 Ordinary Shares
01/29/2025 Morgan Stanley Australia Securities Limited Buy 498.96 (AUD) 63 Ordinary Shares
01/29/2025 Morgan Stanley Australia Securities Limited Buy 55.16 (AUD) 7 Ordinary Shares
01/29/2025 Morgan Stanley Australia Securities Limited Buy 7.88 (AUD) 1 Ordinary Share
01/29/2025 Morgan Stanley Australia Securities Limited Buy 7.92 (AUD) 1 Ordinary Share
01/29/2025 Morgan Stanley Australia Securities Limited Buy 775.67 (AUD) 98 Ordinary Shares
01/29/2025 Morgan Stanley Australia Securities Limited Buy 939.28 (AUD) 118 Ordinary Shares
01/29/2025 Morgan Stanley Capital Services LLC Buy N/A 10,971 Swaps
01/29/2025 Morgan Stanley Capital Services LLC Buy N/A 3,140 Swaps
01/30/2025 Morgan Stanley & Co. International plc Collateral Received N/A 3,218 Ordinary Shares
01/30/2025 Morgan Stanley Australia Securities Limited Buy 10,831.38 (AUD) 1,394 Ordinary Shares
01/30/2025 Morgan Stanley Australia Securities Limited Buy 126.72 (AUD) 16 Ordinary Shares
01/30/2025 Morgan Stanley Australia Securities Limited Buy 147.06 (AUD) 19 Ordinary Shares
01/30/2025 Morgan Stanley Australia Securities Limited Buy 148.58 (AUD) 19 Ordinary Shares
01/30/2025 Morgan Stanley Australia Securities Limited Buy 15.54 (AUD) 2 Ordinary Shares
01/30/2025 Morgan Stanley Australia Securities Limited Buy 2,275.62 (AUD) 291 Ordinary Shares
01/30/2025 Morgan Stanley Australia Securities Limited Buy 2,400.93 (AUD) 309 Ordinary Shares
01/30/2025 Morgan Stanley Australia Securities Limited Buy 2,483.58 (AUD) 318 Ordinary Shares
01/30/2025 Morgan Stanley Australia Securities Limited Buy 217.42 (AUD) 28 Ordinary Shares
01/30/2025 Morgan Stanley Australia Securities Limited Buy 243.35 (AUD) 31 Ordinary Shares
01/30/2025 Morgan Stanley Australia Securities Limited Buy 247.68 (AUD) 32 Ordinary Shares
01/30/2025 Morgan Stanley Australia Securities Limited Buy 25,602.15 (AUD) 3,295 Ordinary Shares
01/30/2025 Morgan Stanley Australia Securities Limited Buy 281.16 (AUD) 36 Ordinary Shares
01/30/2025 Morgan Stanley Australia Securities Limited Buy 3,010.80 (AUD) 386 Ordinary Shares
01/30/2025 Morgan Stanley Australia Securities Limited Buy 403.00 (AUD) 52 Ordinary Shares
01/30/2025 Morgan Stanley Australia Securities Limited Buy 545.65 (AUD) 70 Ordinary Shares
01/30/2025 Morgan Stanley Australia Securities Limited Buy 55.30 (AUD) 7 Ordinary Shares
01/30/2025 Morgan Stanley Australia Securities Limited Buy 633.42 (AUD) 81 Ordinary Shares
01/30/2025 Morgan Stanley Australia Securities Limited Buy 8,453.76 (AUD) 1,088 Ordinary Shares
01/30/2025 Morgan Stanley Australia Securities Limited Buy 877.44 (AUD) 113 Ordinary Shares
01/30/2025 Morgan Stanley Capital Services LLC Buy N/A 1,310 Swaps
01/30/2025 Morgan Stanley Capital Services LLC Buy N/A 1,599 Swaps
01/30/2025 Morgan Stanley Capital Services LLC Buy N/A 5,012 Swaps
01/31/2025 Morgan Stanley Australia Securities Limited Buy 1,254.51 (AUD) 159 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 1,271.70 (AUD) 162 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 1,273.32 (AUD) 162 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 1,471.69 (AUD) 187 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 1,532.70 (AUD) 195 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 1,688.82 (AUD) 215 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 1,704.24 (AUD) 216 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 1,824.39 (AUD) 233 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 10,029.36 (AUD) 1,276 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 10,345.86 (AUD) 1,323 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 110.60 (AUD) 14 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 110.60 (AUD) 14 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 117.00 (AUD) 15 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 117.15 (AUD) 15 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 124.64 (AUD) 16 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 132.77 (AUD) 17 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 133.62 (AUD) 17 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 148.96 (AUD) 19 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 15.76 (AUD) 2 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 2,319.66 (AUD) 294 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 227.65 (AUD) 29 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 23.58 (AUD) 3 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 280.80 (AUD) 36 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 290.08 (AUD) 37 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 3,378.24 (AUD) 432 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 3,823.98 (AUD) 489 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 339.27 (AUD) 43 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 39,639.58 (AUD) 5,069 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 4,989.16 (AUD) 638 Ordinary Shares
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01/31/2025 Morgan Stanley Australia Securities Limited Buy 5,567.84 (AUD) 712 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 5,653.86 (AUD) 723 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 5,951.02 (AUD) 761 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 56,867.04 (AUD) 7,272 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 582.75 (AUD) 74 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 589.76 (AUD) 76 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 613.04 (AUD) 79 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 643.70 (AUD) 82 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 737.43 (AUD) 94 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 743.85 (AUD) 95 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 753.12 (AUD) 96 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 8,304.84 (AUD) 1,062 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 8,734.94 (AUD) 1,117 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 843.16 (AUD) 107 Ordinary Shares
01/31/2025 Morgan Stanley Australia Securities Limited Buy 85.58 (AUD) 11 Ordinary Shares
01/31/2025 Morgan Stanley Capital Services LLC Buy N/A 4,001 Swaps
01/31/2025 Morgan Stanley Capital Services LLC Buy N/A 4,497 Swaps
02/03/2025 Morgan Stanley & Co. International plc Buy 214.25 25 Ordinary Shares
02/03/2025 Morgan Stanley & Co. International plc Buy N/A 1,775 Swaps
02/03/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 244,271 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 1,184.08 (AUD) 152 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 1,379.71 (AUD) 177 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 1,430.59 (AUD) 184 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 1,478.20 (AUD) 190 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 1,509.02 (AUD) 197 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 1,543.39 (AUD) 198 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 1,568.79 (AUD) 201 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 1,681.53 (AUD) 216 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 1,981.35 (AUD) 255 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 11,265.44 (AUD) 1,448 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 13,512.03 (AUD) 1,739 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 17,582.03 (AUD) 2,257 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 2,085.04 (AUD) 268 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 2,089.80 (AUD) 270 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 2,220.15 (AUD) 285 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 2,476.80 (AUD) 320 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 2,559.62 (AUD) 329 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 2,874.90 (AUD) 370 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 20,696.76 (AUD) 2,674 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 202.02 (AUD) 26 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 23.22 (AUD) 3 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 268.10 (AUD) 35 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 3,783.00 (AUD) 485 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 30.96 (AUD) 4 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 357.88 (AUD) 46 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 38.70 (AUD) 5 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 4,377.31 (AUD) 563 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 4,974.97 (AUD) 637 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 405.60 (AUD) 52 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 426.80 (AUD) 55 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 457.25 (AUD) 59 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 517.91 (AUD) 67 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 543.90 (AUD) 70 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 566.48 (AUD) 73 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 589.38 (AUD) 76 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 592.80 (AUD) 76 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 6,526.80 (AUD) 840 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 605.28 (AUD) 78 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 609.96 (AUD) 78 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 613.83 (AUD) 79 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 619.60 (AUD) 80 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 636.32 (AUD) 82 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 639.60 (AUD) 82 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 652.25 (AUD) 84 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 661.30 (AUD) 85 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 7,043.40 (AUD) 910 Ordinary Shares
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02/03/2025 Morgan Stanley Australia Securities Limited Buy 7,917.00 (AUD) 1,015 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 709.34 (AUD) 91 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 724.47 (AUD) 93 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 85.25 (AUD) 11 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 868.02 (AUD) 111 Ordinary Shares
02/03/2025 Morgan Stanley Australia Securities Limited Buy 927.01 (AUD) 119 Ordinary Shares
02/03/2025 Morgan Stanley Capital Services LLC Buy N/A 1,560 Swaps
02/03/2025 Morgan Stanley Capital Services LLC Buy N/A 4,911 Swaps
02/03/2025 Morgan Stanley Capital Services LLC Buy N/A 5,779 Swaps
02/04/2025 Morgan Stanley & Co. International plc Collateral Received N/A 235,777 Ordinary Shares
02/04/2025 Morgan Stanley Australia Securities Limited Buy 1,218.32 (AUD) 157 Ordinary Shares
02/04/2025 Morgan Stanley Australia Securities Limited Buy 101.33 (AUD) 13 Ordinary Shares
02/04/2025 Morgan Stanley Australia Securities Limited Buy 11,671.04 (AUD) 1,504 Ordinary Shares
02/04/2025 Morgan Stanley Australia Securities Limited Buy 116.47 (AUD) 15 Ordinary Shares
02/04/2025 Morgan Stanley Australia Securities Limited Buy 13,044.56 (AUD) 1,681 Ordinary Shares
02/04/2025 Morgan Stanley Australia Securities Limited Buy 3,235.92 (AUD) 417 Ordinary Shares
02/04/2025 Morgan Stanley Australia Securities Limited Buy 3,329.84 (AUD) 428 Ordinary Shares
02/04/2025 Morgan Stanley Australia Securities Limited Buy 3,701.94 (AUD) 474 Ordinary Shares
02/04/2025 Morgan Stanley Australia Securities Limited Buy 3,970.47 (AUD) 511 Ordinary Shares
02/04/2025 Morgan Stanley Australia Securities Limited Buy 336.26 (AUD) 43 Ordinary Shares
02/04/2025 Morgan Stanley Australia Securities Limited Buy 38,272.32 (AUD) 4,932 Ordinary Shares
02/04/2025 Morgan Stanley Australia Securities Limited Buy 4,873.28 (AUD) 628 Ordinary Shares
02/04/2025 Morgan Stanley Australia Securities Limited Buy 425.70 (AUD) 55 Ordinary Shares
02/04/2025 Morgan Stanley Australia Securities Limited Buy 435.12 (AUD) 56 Ordinary Shares
02/04/2025 Morgan Stanley Australia Securities Limited Buy 496.00 (AUD) 64 Ordinary Shares
02/04/2025 Morgan Stanley Australia Securities Limited Buy 5,742.75 (AUD) 741 Ordinary Shares
02/04/2025 Morgan Stanley Australia Securities Limited Buy 54.70 (AUD) 7 Ordinary Shares
02/04/2025 Morgan Stanley Australia Securities Limited Buy 631.80 (AUD) 81 Ordinary Shares
02/04/2025 Morgan Stanley Australia Securities Limited Buy 654.36 (AUD) 84 Ordinary Shares
02/04/2025 Morgan Stanley Australia Securities Limited Buy 690.64 (AUD) 89 Ordinary Shares
02/04/2025 Morgan Stanley Australia Securities Limited Buy 7.76 (AUD) 1 Ordinary Share
02/04/2025 Morgan Stanley Australia Securities Limited Buy 7.76 (AUD) 1 Ordinary Share
02/04/2025 Morgan Stanley Australia Securities Limited Buy 70.29 (AUD) 9 Ordinary Shares
02/04/2025 Morgan Stanley Australia Securities Limited Buy 70.29 (AUD) 9 Ordinary Shares
02/04/2025 Morgan Stanley Capital Services LLC Buy N/A 3,408 Swaps
02/04/2025 Morgan Stanley Capital Services LLC Buy N/A 6,223 Swaps
02/04/2025 Morgan Stanley Capital Services LLC Buy N/A 7 Swaps
02/04/2025 Morgan Stanley Capital Services LLC Buy N/A 7,250 Swaps
02/05/2025 Morgan Stanley & Co. International plc Buy 17.24 2 Ordinary Shares
02/05/2025 Morgan Stanley & Co. International plc Collateral Received N/A 69,962 Ordinary Shares
02/05/2025 Morgan Stanley Australia Securities Limited Buy 1,213.68 (AUD) 156 Ordinary Shares
02/05/2025 Morgan Stanley Australia Securities Limited Buy 1,456.73 (AUD) 187 Ordinary Shares
02/05/2025 Morgan Stanley Australia Securities Limited Buy 1,674.85 (AUD) 215 Ordinary Shares
02/05/2025 Morgan Stanley Australia Securities Limited Buy 109.06 (AUD) 14 Ordinary Shares
02/05/2025 Morgan Stanley Australia Securities Limited Buy 117.00 (AUD) 15 Ordinary Shares
02/05/2025 Morgan Stanley Australia Securities Limited Buy 124.48 (AUD) 16 Ordinary Shares
02/05/2025 Morgan Stanley Australia Securities Limited Buy 140.22 (AUD) 18 Ordinary Shares
02/05/2025 Morgan Stanley Australia Securities Limited Buy 155.30 (AUD) 20 Ordinary Shares
02/05/2025 Morgan Stanley Australia Securities Limited Buy 2,831.92 (AUD) 364 Ordinary Shares
02/05/2025 Morgan Stanley Australia Securities Limited Buy 2,901.94 (AUD) 373 Ordinary Shares
02/05/2025 Morgan Stanley Australia Securities Limited Buy 23.40 (AUD) 3 Ordinary Shares
02/05/2025 Morgan Stanley Australia Securities Limited Buy 359.26 (AUD) 46 Ordinary Shares
02/05/2025 Morgan Stanley Australia Securities Limited Buy 374.64 (AUD) 48 Ordinary Shares
02/05/2025 Morgan Stanley Australia Securities Limited Buy 467.69 (AUD) 60 Ordinary Shares
02/05/2025 Morgan Stanley Australia Securities Limited Buy 499.52 (AUD) 64 Ordinary Shares
02/05/2025 Morgan Stanley Australia Securities Limited Buy 655.62 (AUD) 84 Ordinary Shares
02/05/2025 Morgan Stanley Australia Securities Limited Buy 756.60 (AUD) 97 Ordinary Shares
02/05/2025 Morgan Stanley Australia Securities Limited Buy 872.48 (AUD) 112 Ordinary Shares
02/05/2025 Morgan Stanley Australia Securities Limited Buy 945.01 (AUD) 121 Ordinary Shares
02/05/2025 Morgan Stanley Capital Services LLC Buy N/A 3,949 Swaps
02/06/2025 Morgan Stanley & Co. International plc Collateral Received N/A 56,551 Ordinary Shares
02/06/2025 Morgan Stanley Australia Securities Limited Buy 1,345.04 (AUD) 172 Ordinary Shares
02/06/2025 Morgan Stanley Australia Securities Limited Buy 101.40 (AUD) 13 Ordinary Shares
02/06/2025 Morgan Stanley Australia Securities Limited Buy 109.76 (AUD) 14 Ordinary Shares
02/06/2025 Morgan Stanley Australia Securities Limited Buy 140.76 (AUD) 18 Ordinary Shares
02/06/2025 Morgan Stanley Australia Securities Limited Buy 164.01 (AUD) 21 Ordinary Shares
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02/06/2025 Morgan Stanley Australia Securities Limited Buy 187.20 (AUD) 24 Ordinary Shares
02/06/2025 Morgan Stanley Australia Securities Limited Buy 187.44 (AUD) 24 Ordinary Shares
02/06/2025 Morgan Stanley Australia Securities Limited Buy 187.44 (AUD) 24 Ordinary Shares
02/06/2025 Morgan Stanley Australia Securities Limited Buy 203.58 (AUD) 26 Ordinary Shares
02/06/2025 Morgan Stanley Australia Securities Limited Buy 28,269.30 (AUD) 3,615 Ordinary Shares
02/06/2025 Morgan Stanley Australia Securities Limited Buy 3,354.78 (AUD) 429 Ordinary Shares
02/06/2025 Morgan Stanley Australia Securities Limited Buy 3,823.98 (AUD) 489 Ordinary Shares
02/06/2025 Morgan Stanley Australia Securities Limited Buy 31.26 (AUD) 4 Ordinary Shares
02/06/2025 Morgan Stanley Australia Securities Limited Buy 31.32 (AUD) 4 Ordinary Shares
02/06/2025 Morgan Stanley Australia Securities Limited Buy 312.00 (AUD) 40 Ordinary Shares
02/06/2025 Morgan Stanley Australia Securities Limited Buy 39.00 (AUD) 5 Ordinary Shares
02/06/2025 Morgan Stanley Australia Securities Limited Buy 4,332.28 (AUD) 554 Ordinary Shares
02/06/2025 Morgan Stanley Australia Securities Limited Buy 8,930.44 (AUD) 1,142 Ordinary Shares
02/06/2025 Morgan Stanley Australia Securities Limited Buy 94.08 (AUD) 12 Ordinary Shares
02/06/2025 Morgan Stanley Capital Services LLC Buy N/A 1,118 Swaps
02/06/2025 Morgan Stanley Capital Services LLC Buy N/A 8,090 Swaps
02/07/2025 Morgan Stanley & Co. International plc Buy 17.18 2 Ordinary Shares
02/07/2025 Morgan Stanley & Co. International plc Buy 7.76 (AUD) 1 Ordinary Share
02/07/2025 Morgan Stanley Australia Securities Limited Buy 1,212.12 (AUD) 156 Ordinary Shares
02/07/2025 Morgan Stanley Australia Securities Limited Buy 1,258.74 (AUD) 162 Ordinary Shares
02/07/2025 Morgan Stanley Australia Securities Limited Buy 1,785.94 (AUD) 230 Ordinary Shares
02/07/2025 Morgan Stanley Australia Securities Limited Buy 10,514.80 (AUD) 1,355 Ordinary Shares
02/07/2025 Morgan Stanley Australia Securities Limited Buy 100.94 (AUD) 13 Ordinary Shares
02/07/2025 Morgan Stanley Australia Securities Limited Buy 116.70 (AUD) 15 Ordinary Shares
02/07/2025 Morgan Stanley Australia Securities Limited Buy 125.12 (AUD) 16 Ordinary Shares
02/07/2025 Morgan Stanley Australia Securities Limited Buy 139.86 (AUD) 18 Ordinary Shares
02/07/2025 Morgan Stanley Australia Securities Limited Buy 193.75 (AUD) 25 Ordinary Shares
02/07/2025 Morgan Stanley Australia Securities Limited Buy 225.04 (AUD) 29 Ordinary Shares
02/07/2025 Morgan Stanley Australia Securities Limited Buy 23.25 (AUD) 3 Ordinary Shares
02/07/2025 Morgan Stanley Australia Securities Limited Buy 23.31 (AUD) 3 Ordinary Shares
02/07/2025 Morgan Stanley Australia Securities Limited Buy 247.84 (AUD) 32 Ordinary Shares
02/07/2025 Morgan Stanley Australia Securities Limited Buy 256.41 (AUD) 33 Ordinary Shares
02/07/2025 Morgan Stanley Australia Securities Limited Buy 256.74 (AUD) 33 Ordinary Shares
02/07/2025 Morgan Stanley Australia Securities Limited Buy 333.25 (AUD) 43 Ordinary Shares
02/07/2025 Morgan Stanley Australia Securities Limited Buy 348.75 (AUD) 45 Ordinary Shares
02/07/2025 Morgan Stanley Australia Securities Limited Buy 356.04 (AUD) 46 Ordinary Shares
02/07/2025 Morgan Stanley Australia Securities Limited Buy 5,835.96 (AUD) 754 Ordinary Shares
02/07/2025 Morgan Stanley Australia Securities Limited Buy 6,355.44 (AUD) 819 Ordinary Shares
02/07/2025 Morgan Stanley Australia Securities Limited Buy 6,782.24 (AUD) 874 Ordinary Shares
02/07/2025 Morgan Stanley Australia Securities Limited Buy 611.85 (AUD) 79 Ordinary Shares
02/07/2025 Morgan Stanley Australia Securities Limited Buy 792.03 (AUD) 102 Ordinary Shares
02/07/2025 Morgan Stanley Australia Securities Limited Buy 8,792.08 (AUD) 1,133 Ordinary Shares
02/07/2025 Morgan Stanley Australia Securities Limited Buy 816.90 (AUD) 105 Ordinary Shares
02/07/2025 Morgan Stanley Capital Services LLC Buy N/A 2,228 Swaps
02/07/2025 Morgan Stanley Capital Services LLC Buy N/A 7,525 Swaps
02/07/2025 Morgan Stanley Capital Services LLC Buy N/A 743 Swaps
02/10/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 120,000 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 1,215.24 (AUD) 156 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 1,541.43 (AUD) 198 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 116.40 (AUD) 15 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 116.85 (AUD) 15 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 12,840.66 (AUD) 1,659 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 16,083.72 (AUD) 2,078 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 17,298.90 (AUD) 2,235 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 171.05 (AUD) 22 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 171.05 (AUD) 22 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 2,564.10 (AUD) 333 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 2,600.64 (AUD) 336 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 280.44 (AUD) 36 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 287.49 (AUD) 37 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 29,953.80 (AUD) 3,870 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 295.64 (AUD) 38 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 3,444.30 (AUD) 445 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 3,653.28 (AUD) 472 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 3,923.85 (AUD) 505 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 348.30 (AUD) 45 Ordinary Shares
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02/10/2025 Morgan Stanley Australia Securities Limited Buy 388.25 (AUD) 50 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 46.62 (AUD) 6 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 5,232.24 (AUD) 676 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 514.14 (AUD) 66 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 7,162.19 (AUD) 920 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 7,940.40 (AUD) 1,018 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 7.74 (AUD) 1 Ordinary Share
02/10/2025 Morgan Stanley Australia Securities Limited Buy 8,853.64 (AUD) 1,138 Ordinary Shares
02/10/2025 Morgan Stanley Australia Securities Limited Buy 886.35 (AUD) 114 Ordinary Shares
02/10/2025 Morgan Stanley Capital Services LLC Buy N/A 1,174 Swaps
02/10/2025 Morgan Stanley Capital Services LLC Buy N/A 4,492 Swaps
02/11/2025 Morgan Stanley Australia Securities Limited Buy 1,026.96 (AUD) 132 Ordinary Shares
02/11/2025 Morgan Stanley Australia Securities Limited Buy 1,235.56 (AUD) 158 Ordinary Shares
02/11/2025 Morgan Stanley Australia Securities Limited Buy 101.53 (AUD) 13 Ordinary Shares
02/11/2025 Morgan Stanley Australia Securities Limited Buy 12,355.42 (AUD) 1,582 Ordinary Shares
02/11/2025 Morgan Stanley Australia Securities Limited Buy 148.39 (AUD) 19 Ordinary Shares
02/11/2025 Morgan Stanley Australia Securities Limited Buy 178.94 (AUD) 23 Ordinary Shares
02/11/2025 Morgan Stanley Australia Securities Limited Buy 202.28 (AUD) 26 Ordinary Shares
02/11/2025 Morgan Stanley Australia Securities Limited Buy 31.16 (AUD) 4 Ordinary Shares
02/11/2025 Morgan Stanley Australia Securities Limited Buy 31.24 (AUD) 4 Ordinary Shares
02/11/2025 Morgan Stanley Australia Securities Limited Buy 342.32 (AUD) 44 Ordinary Shares
02/11/2025 Morgan Stanley Australia Securities Limited Buy 404.56 (AUD) 52 Ordinary Shares
02/11/2025 Morgan Stanley Australia Securities Limited Buy 5,638.82 (AUD) 722 Ordinary Shares
02/11/2025 Morgan Stanley Australia Securities Limited Buy 568.67 (AUD) 73 Ordinary Shares
02/11/2025 Morgan Stanley Australia Securities Limited Buy 569.40 (AUD) 73 Ordinary Shares
02/11/2025 Morgan Stanley Australia Securities Limited Buy 655.20 (AUD) 84 Ordinary Shares
02/11/2025 Morgan Stanley Australia Securities Limited Buy 685.08 (AUD) 88 Ordinary Shares
02/11/2025 Morgan Stanley Australia Securities Limited Buy 70.47 (AUD) 9 Ordinary Shares
02/11/2025 Morgan Stanley Australia Securities Limited Buy 749.76 (AUD) 96 Ordinary Shares
02/11/2025 Morgan Stanley Australia Securities Limited Buy 990.60 (AUD) 127 Ordinary Shares
02/11/2025 Morgan Stanley Capital Services LLC Buy N/A 8,132 Swaps
02/12/2025 Morgan Stanley & Co. International plc Buy 17.23 2 Ordinary Shares
02/12/2025 Morgan Stanley Australia Securities Limited Buy 117.15 (AUD) 15 Ordinary Shares
02/12/2025 Morgan Stanley Australia Securities Limited Buy 2,323.23 (AUD) 299 Ordinary Shares
02/12/2025 Morgan Stanley Australia Securities Limited Buy 448.34 (AUD) 58 Ordinary Shares
02/12/2025 Morgan Stanley Australia Securities Limited Buy 7.74 (AUD) 1 Ordinary Share
02/12/2025 Morgan Stanley Australia Securities Limited Buy 750.78 (AUD) 97 Ordinary Shares
02/12/2025 Morgan Stanley Australia Securities Limited Buy 9,713.70 (AUD) 1,255 Ordinary Shares
02/12/2025 Morgan Stanley Capital Services LLC Buy N/A 1,170 Swaps
02/12/2025 Morgan Stanley Capital Services LLC Buy N/A 10,811 Swaps
02/13/2025 Morgan Stanley & Co. International plc Buy 2,522.69 293 Ordinary Shares
02/13/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 3,114 Ordinary Shares
02/13/2025 Morgan Stanley Australia Securities Limited Buy 108.22 (AUD) 14 Ordinary Shares
02/13/2025 Morgan Stanley Australia Securities Limited Buy 115.95 (AUD) 15 Ordinary Shares
02/13/2025 Morgan Stanley Australia Securities Limited Buy 131.66 (AUD) 17 Ordinary Shares
02/13/2025 Morgan Stanley Australia Securities Limited Buy 131.75 (AUD) 17 Ordinary Shares
02/13/2025 Morgan Stanley Australia Securities Limited Buy 15,313.13 (AUD) 1,981 Ordinary Shares
02/13/2025 Morgan Stanley Australia Securities Limited Buy 15.53 (AUD) 2 Ordinary Shares
02/13/2025 Morgan Stanley Australia Securities Limited Buy 154.40 (AUD) 20 Ordinary Shares
02/13/2025 Morgan Stanley Australia Securities Limited Buy 17,445.25 (AUD) 2,251 Ordinary Shares
02/13/2025 Morgan Stanley Australia Securities Limited Buy 225.04 (AUD) 29 Ordinary Shares
02/13/2025 Morgan Stanley Australia Securities Limited Buy 23.19 (AUD) 3 Ordinary Shares
02/13/2025 Morgan Stanley Australia Securities Limited Buy 23.22 (AUD) 3 Ordinary Shares
02/13/2025 Morgan Stanley Australia Securities Limited Buy 378.77 (AUD) 49 Ordinary Shares
02/13/2025 Morgan Stanley Australia Securities Limited Buy 379.75 (AUD) 49 Ordinary Shares
02/13/2025 Morgan Stanley Australia Securities Limited Buy 410.22 (AUD) 53 Ordinary Shares
02/13/2025 Morgan Stanley Australia Securities Limited Buy 54.32 (AUD) 7 Ordinary Shares
02/14/2025 Morgan Stanley & Co. International plc Buy 1,212.93 139 Ordinary Shares
02/14/2025 Morgan Stanley & Co. International plc Collateral Received N/A 3,114 Ordinary Shares
02/14/2025 Morgan Stanley Australia Securities Limited Buy 3,328.40 (AUD) 424 Ordinary Shares
02/14/2025 Morgan Stanley Australia Securities Limited Buy 9,270.85 (AUD) 1,181 Ordinary Shares
02/14/2025 Morgan Stanley Capital Services LLC Buy N/A 1,376 Swaps
02/14/2025 Morgan Stanley Capital Services LLC Buy N/A 325 Swaps
02/17/2025 Morgan Stanley & Co. International plc Buy 499.32 57 Ordinary Shares
02/17/2025 Morgan Stanley & Co. International plc Buy 527.43 60 Ordinary Shares
02/17/2025 Morgan Stanley Australia Securities Limited Buy 1,540.36 (AUD) 194 Ordinary Shares
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02/17/2025 Morgan Stanley Australia Securities Limited Buy 1,637.37 (AUD) 207 Ordinary Shares
02/17/2025 Morgan Stanley Australia Securities Limited Buy 102.83 (AUD) 13 Ordinary Shares
02/17/2025 Morgan Stanley Australia Securities Limited Buy 11,230.49 (AUD) 1,427 Ordinary Shares
02/17/2025 Morgan Stanley Australia Securities Limited Buy 2,313.78 (AUD) 294 Ordinary Shares
02/17/2025 Morgan Stanley Australia Securities Limited Buy 28,780.59 (AUD) 3,657 Ordinary Shares
02/17/2025 Morgan Stanley Australia Securities Limited Buy 283.86 (AUD) 36 Ordinary Shares
02/17/2025 Morgan Stanley Australia Securities Limited Buy 3,148.20 (AUD) 396 Ordinary Shares
02/17/2025 Morgan Stanley Australia Securities Limited Buy 3,203.09 (AUD) 407 Ordinary Shares
02/17/2025 Morgan Stanley Australia Securities Limited Buy 3,806.40 (AUD) 480 Ordinary Shares
02/17/2025 Morgan Stanley Australia Securities Limited Buy 418.17 (AUD) 53 Ordinary Shares
02/17/2025 Morgan Stanley Australia Securities Limited Buy 5,429.32 (AUD) 689 Ordinary Shares
02/17/2025 Morgan Stanley Australia Securities Limited Buy 5,488.56 (AUD) 693 Ordinary Shares
02/17/2025 Morgan Stanley Australia Securities Limited Buy 5,697.88 (AUD) 724 Ordinary Shares
02/17/2025 Morgan Stanley Australia Securities Limited Buy 538.22 (AUD) 68 Ordinary Shares
02/17/2025 Morgan Stanley Australia Securities Limited Buy 6,983.60 (AUD) 884 Ordinary Shares
02/17/2025 Morgan Stanley Australia Securities Limited Buy 646.98 (AUD) 82 Ordinary Shares
02/17/2025 Morgan Stanley Australia Securities Limited Buy 794.87 (AUD) 101 Ordinary Shares
02/17/2025 Morgan Stanley Australia Securities Limited Buy 8,387.07 (AUD) 1,063 Ordinary Shares
02/17/2025 Morgan Stanley Australia Securities Limited Buy 9,113.46 (AUD) 1,158 Ordinary Shares
02/17/2025 Morgan Stanley Australia Securities Limited Buy 908.50 (AUD) 115 Ordinary Shares
02/17/2025 Morgan Stanley Australia Securities Limited Buy 95.04 (AUD) 12 Ordinary Shares
02/18/2025 Morgan Stanley & Co. International plc Buy 675.23 77 Ordinary Shares
02/18/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 197,299 Ordinary Shares
02/18/2025 Morgan Stanley Australia Securities Limited Buy 1,219.85 (AUD) 155 Ordinary Shares
02/18/2025 Morgan Stanley Australia Securities Limited Buy 1,314.29 (AUD) 167 Ordinary Shares
02/18/2025 Morgan Stanley Australia Securities Limited Buy 1,501.26 (AUD) 191 Ordinary Shares
02/18/2025 Morgan Stanley Australia Securities Limited Buy 149.15 (AUD) 19 Ordinary Shares
02/18/2025 Morgan Stanley Australia Securities Limited Buy 149.53 (AUD) 19 Ordinary Shares
02/18/2025 Morgan Stanley Australia Securities Limited Buy 149.91 (AUD) 19 Ordinary Shares
02/18/2025 Morgan Stanley Australia Securities Limited Buy 157.60 (AUD) 20 Ordinary Shares
02/18/2025 Morgan Stanley Australia Securities Limited Buy 158.00 (AUD) 20 Ordinary Shares
02/18/2025 Morgan Stanley Australia Securities Limited Buy 189.24 (AUD) 24 Ordinary Shares
02/18/2025 Morgan Stanley Australia Securities Limited Buy 19,928.52 (AUD) 2,529 Ordinary Shares
02/18/2025 Morgan Stanley Australia Securities Limited Buy 2,019.60 (AUD) 255 Ordinary Shares
02/18/2025 Morgan Stanley Australia Securities Limited Buy 2,175.25 (AUD) 275 Ordinary Shares
02/18/2025 Morgan Stanley Australia Securities Limited Buy 251.52 (AUD) 32 Ordinary Shares
02/18/2025 Morgan Stanley Australia Securities Limited Buy 3,073.10 (AUD) 389 Ordinary Shares
02/18/2025 Morgan Stanley Australia Securities Limited Buy 3,884.84 (AUD) 493 Ordinary Shares
02/18/2025 Morgan Stanley Australia Securities Limited Buy 4,300.05 (AUD) 545 Ordinary Shares
02/18/2025 Morgan Stanley Australia Securities Limited Buy 49,722.80 (AUD) 6,310 Ordinary Shares
02/18/2025 Morgan Stanley Australia Securities Limited Buy 5,199.51 (AUD) 659 Ordinary Shares
02/18/2025 Morgan Stanley Australia Securities Limited Buy 5,435.20 (AUD) 688 Ordinary Shares
02/18/2025 Morgan Stanley Australia Securities Limited Buy 855.65 (AUD) 109 Ordinary Shares
02/18/2025 Morgan Stanley Australia Securities Limited Buy 86.84 (AUD) 11 Ordinary Shares
02/18/2025 Morgan Stanley Capital Services LLC Buy N/A 383 Swaps
02/19/2025 Morgan Stanley & Co. International plc Buy 433.91 49 Ordinary Shares
02/19/2025 Morgan Stanley & Co. International plc Buy N/A 1,792 Swaps
02/19/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 4,003,784 Ordinary Shares
02/19/2025 Morgan Stanley Australia Securities Limited Buy 1,092.57 (AUD) 137 Ordinary Shares
02/19/2025 Morgan Stanley Australia Securities Limited Buy 1,098.48 (AUD) 138 Ordinary Shares
02/19/2025 Morgan Stanley Australia Securities Limited Buy 1,474.98 (AUD) 183 Ordinary Shares
02/19/2025 Morgan Stanley Australia Securities Limited Buy 1,510.81 (AUD) 191 Ordinary Shares
02/19/2025 Morgan Stanley Australia Securities Limited Buy 1,554.74 (AUD) 191 Ordinary Shares
02/19/2025 Morgan Stanley Australia Securities Limited Buy 1,619.76 (AUD) 204 Ordinary Shares
02/19/2025 Morgan Stanley Australia Securities Limited Buy 1,691.76 (AUD) 212 Ordinary Shares
02/19/2025 Morgan Stanley Australia Securities Limited Buy 1,805.74 (AUD) 226 Ordinary Shares
02/19/2025 Morgan Stanley Australia Securities Limited Buy 1,934.28 (AUD) 243 Ordinary Shares
02/19/2025 Morgan Stanley Australia Securities Limited Buy 106.08 (AUD) 13 Ordinary Shares
02/19/2025 Morgan Stanley Australia Securities Limited Buy 14,043.14 (AUD) 1,762 Ordinary Shares
02/19/2025 Morgan Stanley Australia Securities Limited Buy 14,903.90 (AUD) 1,870 Ordinary Shares
02/19/2025 Morgan Stanley Australia Securities Limited Buy 183.65 (AUD) 23 Ordinary Shares
02/19/2025 Morgan Stanley Australia Securities Limited Buy 20,498.84 (AUD) 2,572 Ordinary Shares
02/19/2025 Morgan Stanley Australia Securities Limited Buy 21,255.99 (AUD) 2,667 Ordinary Shares
02/19/2025 Morgan Stanley Australia Securities Limited Buy 247.69 (AUD) 31 Ordinary Shares
02/19/2025 Morgan Stanley Australia Securities Limited Buy 319.60 (AUD) 40 Ordinary Shares
02/19/2025 Morgan Stanley Australia Securities Limited Buy 36,749.67 (AUD) 4,611 Ordinary Shares
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02/19/2025 Morgan Stanley Australia Securities Limited Buy 4,749.93 (AUD) 593 Ordinary Shares
02/19/2025 Morgan Stanley Australia Securities Limited Buy 5,571.03 (AUD) 699 Ordinary Shares
02/19/2025 Morgan Stanley Australia Securities Limited Buy 582.54 (AUD) 73 Ordinary Shares
02/19/2025 Morgan Stanley Australia Securities Limited Buy 591.26 (AUD) 74 Ordinary Shares
02/19/2025 Morgan Stanley Australia Securities Limited Buy 784.00 (AUD) 98 Ordinary Shares
02/19/2025 Morgan Stanley Australia Securities Limited Buy 913.14 (AUD) 114 Ordinary Shares
02/19/2025 Morgan Stanley Australia Securities Limited Buy 946.05 (AUD) 119 Ordinary Shares
02/19/2025 Morgan Stanley Capital Services LLC Buy N/A 1,118 Swaps
02/19/2025 Morgan Stanley Capital Services LLC Buy N/A 2,082 Swaps
02/19/2025 Morgan Stanley Capital Services LLC Buy N/A 337 Swaps
02/19/2025 Morgan Stanley Capital Services LLC Buy N/A 6,683 Swaps
02/20/2025 Morgan Stanley & Co. International plc Collateral Received N/A 3,230,029 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 1,188.27 (AUD) 149 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 1,229.15 (AUD) 155 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 1,284.66 (AUD) 162 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 1,297.48 (AUD) 163 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 1,796.48 (AUD) 224 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 1,980.94 (AUD) 247 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 11,713.95 (AUD) 1,467 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 111.30 (AUD) 14 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 119.70 (AUD) 15 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 151.90 (AUD) 19 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 2,237.20 (AUD) 280 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 2,322.18 (AUD) 291 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 2,328.00 (AUD) 291 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 21,648.90 (AUD) 2,730 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 231.42 (AUD) 29 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 3,004.69 (AUD) 377 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 3,560.57 (AUD) 449 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 319.00 (AUD) 40 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 378.35 (AUD) 47 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 420.55 (AUD) 53 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 425.59 (AUD) 53 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 541.96 (AUD) 68 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 568.71 (AUD) 71 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 594.22 (AUD) 74 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 705.76 (AUD) 88 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 774.20 (AUD) 98 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 8,575.89 (AUD) 1,074 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 87.89 (AUD) 11 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 901.74 (AUD) 113 Ordinary Shares
02/20/2025 Morgan Stanley Australia Securities Limited Buy 95.16 (AUD) 12 Ordinary Shares
02/20/2025 Morgan Stanley Capital Services LLC Buy N/A 2,494 Swaps
02/20/2025 Morgan Stanley Capital Services LLC Buy N/A 35 Swaps
02/20/2025 Morgan Stanley Capital Services LLC Buy N/A 465 Swaps
02/21/2025 Morgan Stanley & Co. International plc Borrow N/A 13,000 Ordinary Shares
02/21/2025 Morgan Stanley & Co. International plc Borrow N/A 33,000 Ordinary Shares
02/21/2025 Morgan Stanley & Co. International plc Buy 517.58 58 Ordinary Shares
02/21/2025 Morgan Stanley & Co. International plc Collateral Received N/A 904,503 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 1,069.32 (AUD) 134 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 1,160.64 (AUD) 144 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 1,265.58 (AUD) 158 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 1,374.84 (AUD) 171 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 1,523.80 (AUD) 190 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 1,658.30 (AUD) 206 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 1,835.43 (AUD) 229 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 1,969.08 (AUD) 244 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 120.60 (AUD) 15 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 143.82 (AUD) 18 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 152.66 (AUD) 19 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 169.05 (AUD) 21 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 2,230.59 (AUD) 279 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 2,334.50 (AUD) 290 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 2,335.95 (AUD) 290 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 2,390.85 (AUD) 297 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 2,494.22 (AUD) 311 Ordinary Shares
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02/21/2025 Morgan Stanley Australia Securities Limited Buy 2,683.68 (AUD) 334 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 2,849.77 (AUD) 356 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 2,994.36 (AUD) 375 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 21,152.00 (AUD) 2,644 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 3,369.08 (AUD) 418 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 3,626.04 (AUD) 451 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 3,709.86 (AUD) 462 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 3,808.58 (AUD) 474 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 320,480.00 (AUD) 40,000 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 379.76 (AUD) 47 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 4,639.08 (AUD) 577 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 4,971.81 (AUD) 618 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 40.27 (AUD) 5 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 5,505.14 (AUD) 686 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 50,216.00 (AUD) 6,277 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 56.42 (AUD) 7 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 568.71 (AUD) 71 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 6,166.68 (AUD) 767 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 6,371.50 (AUD) 791 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 632.79 (AUD) 79 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 640.00 (AUD) 80 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 674.52 (AUD) 84 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 677.04 (AUD) 84 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 677.88 (AUD) 84 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 679.15 (AUD) 85 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 681.27 (AUD) 85 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 681.70 (AUD) 85 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 710.22 (AUD) 89 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 790.51 (AUD) 99 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 824.00 (AUD) 103 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 846.94 (AUD) 106 Ordinary Shares
02/21/2025 Morgan Stanley Australia Securities Limited Buy 9,056.00 (AUD) 1,132 Ordinary Shares
02/21/2025 Morgan Stanley Capital Services LLC Buy N/A 309 Swaps
02/21/2025 Morgan Stanley Capital Services LLC Buy N/A 4,068 Swaps
02/21/2025 Morgan Stanley Capital Services LLC Buy N/A 407 Swaps
02/21/2025 Morgan Stanley Capital Services LLC Buy N/A 636 Swaps
02/21/2025 Morgan Stanley Capital Services LLC Buy N/A 909 Swaps
02/24/2025 Morgan Stanley & Co. International plc Buy N/A 18 Swaps
02/24/2025 Morgan Stanley & Co. International plc Buy N/A 2 Swaps
02/24/2025 Morgan Stanley & Co. International plc Buy N/A 9 Swaps
02/24/2025 Morgan Stanley & Co. International plc Collateral Received N/A 63,140 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 1,129.55 (AUD) 145 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 1,247.40 (AUD) 165 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 1,258.36 (AUD) 163 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 1,283.52 (AUD) 168 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 1,343.43 (AUD) 177 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 1,347.50 (AUD) 175 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 1,514.70 (AUD) 198 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 1,552.44 (AUD) 204 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 1,567.66 (AUD) 206 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 1,610.70 (AUD) 210 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 1,665.36 (AUD) 216 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 1,813.50 (AUD) 234 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 1,945.65 (AUD) 255 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 1,991.75 (AUD) 257 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 15.28 (AUD) 2 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 15.30 (AUD) 2 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 2,009.04 (AUD) 264 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 2,027.97 (AUD) 261 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 2,123.80 (AUD) 280 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 2,131.56 (AUD) 279 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 2,289.87 (AUD) 297 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 2,304.26 (AUD) 302 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 2,462.31 (AUD) 327 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 2,493.32 (AUD) 332 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 2,647.61 (AUD) 347 Ordinary Shares
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02/24/2025 Morgan Stanley Australia Securities Limited Buy 22,507.10 (AUD) 2,923 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 23.28 (AUD) 3 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 238.70 (AUD) 31 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 26,049.10 (AUD) 3,383 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 268.45 (AUD) 35 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 3,230.88 (AUD) 424 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 3,532.28 (AUD) 466 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 3,930.00 (AUD) 524 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 45,391.50 (AUD) 5,895 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 45.21 (AUD) 6 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 466.65 (AUD) 61 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 5,103.52 (AUD) 668 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 510.54 (AUD) 67 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 512.16 (AUD) 66 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 524.96 (AUD) 68 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 525.95 (AUD) 67 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 53.62 (AUD) 7 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 559.44 (AUD) 72 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 571.28 (AUD) 74 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 579.75 (AUD) 75 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 591.36 (AUD) 77 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 619.20 (AUD) 80 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 670.77 (AUD) 87 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 7.66 (AUD) 1 Ordinary Share
02/24/2025 Morgan Stanley Australia Securities Limited Buy 712.08 (AUD) 92 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 775.68 (AUD) 101 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 793.56 (AUD) 102 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 796.19 (AUD) 103 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 8,237.22 (AUD) 1,081 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 8,369.40 (AUD) 1,110 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 817.48 (AUD) 107 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 834.84 (AUD) 108 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 857.92 (AUD) 112 Ordinary Shares
02/24/2025 Morgan Stanley Australia Securities Limited Buy 99.58 (AUD) 13 Ordinary Shares
02/24/2025 Morgan Stanley Capital Services LLC Buy N/A 3,839 Swaps
02/24/2025 Morgan Stanley Capital Services LLC Buy N/A 3,969 Swaps
02/24/2025 Morgan Stanley Capital Services LLC Buy N/A 8,003 Swaps
02/25/2025 Morgan Stanley & Co. International plc Buy 490.46 59 Ordinary Shares
02/25/2025 Morgan Stanley & Co. International plc Buy 7.55 (AUD) 1 Ordinary Share
02/25/2025 Morgan Stanley Australia Securities Limited Buy 1,705.17 (AUD) 226 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 106.68 (AUD) 14 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 14,175.20 (AUD) 1,885 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 187.75 (AUD) 25 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 187.87 (AUD) 25 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 2,060.48 (AUD) 274 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 2,316.16 (AUD) 308 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 2,373.84 (AUD) 314 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 2,490.00 (AUD) 332 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 21,733.94 (AUD) 2,894 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 272.16 (AUD) 36 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 28,710.73 (AUD) 3,823 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 28,788.15 (AUD) 3,813 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 30.00 (AUD) 4 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 405.80 (AUD) 54 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 472.50 (AUD) 63 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 473.76 (AUD) 63 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 5,797.72 (AUD) 772 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 503.84 (AUD) 67 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 532.85 (AUD) 71 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 570.76 (AUD) 76 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 623.33 (AUD) 83 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 67.68 (AUD) 9 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 7,642.95 (AUD) 1,015 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 7.50 (AUD) 1 Ordinary Share
02/25/2025 Morgan Stanley Australia Securities Limited Buy 8,723.78 (AUD) 1,157 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 8,995.22 (AUD) 1,193 Ordinary Shares
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02/25/2025 Morgan Stanley Australia Securities Limited Buy 82.61 (AUD) 11 Ordinary Shares
02/25/2025 Morgan Stanley Australia Securities Limited Buy 982.80 (AUD) 130 Ordinary Shares
02/25/2025 Morgan Stanley Capital Services LLC Buy N/A 1,255 Swaps
02/25/2025 Morgan Stanley Capital Services LLC Buy N/A 128 Swaps
02/25/2025 Morgan Stanley Capital Services LLC Buy N/A 2,006 Swaps
02/26/2025 Morgan Stanley & Co. International plc Buy 232.69 28 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 1,017.90 (AUD) 135 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 1,082.04 (AUD) 142 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 1,217.43 (AUD) 162 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 1,307.20 (AUD) 172 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 1,308.92 (AUD) 172 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 1,334.58 (AUD) 174 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 1,417.46 (AUD) 187 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 1,419.39 (AUD) 189 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 1,421.04 (AUD) 186 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 1,422.90 (AUD) 186 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 1,447.74 (AUD) 189 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 1,595.16 (AUD) 211 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 1,718.64 (AUD) 229 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 1,911.35 (AUD) 254 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 127.75 (AUD) 17 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 127.84 (AUD) 17 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 131,622.97 (AUD) 17,520 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 15,605.78 (AUD) 2,078 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 345.92 (AUD) 46 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 37.60 (AUD) 5 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 393.12 (AUD) 52 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 429.21 (AUD) 57 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 52.57 (AUD) 7 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 535.34 (AUD) 71 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 566.25 (AUD) 75 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 594.87 (AUD) 79 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 6,368.48 (AUD) 848 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 646.72 (AUD) 86 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 67.68 (AUD) 9 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 8,059.27 (AUD) 1,071 Ordinary Shares
02/26/2025 Morgan Stanley Australia Securities Limited Buy 984.27 (AUD) 129 Ordinary Shares
02/26/2025 Morgan Stanley Capital Services LLC Buy N/A 140 Swaps
02/26/2025 Morgan Stanley Capital Services LLC Buy N/A 28,382 Swaps
02/26/2025 Morgan Stanley Capital Services LLC Buy N/A 684 Swaps
02/26/2025 Morgan Stanley Capital Services LLC Buy N/A 73 Swaps
02/26/2025 Morgan Stanley Capital Services LLC Buy N/A 8,868 Swaps
02/27/2025 Morgan Stanley & Co. International plc Borrow N/A 30,395 Ordinary Shares
02/27/2025 Morgan Stanley & Co. International plc Buy 406.63 48 Ordinary Shares
02/27/2025 Morgan Stanley & Co. International plc Buy N/A 86 Swaps
02/27/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 18,558 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 1,033.14 (AUD) 134 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 1,193.20 (AUD) 157 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 1,800.68 (AUD) 236 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 1,825.96 (AUD) 239 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 1,986.53 (AUD) 259 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 1,989.12 (AUD) 259 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 10,704.96 (AUD) 1,416 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 100.36 (AUD) 13 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 11,801.16 (AUD) 1,561 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 15.12 (AUD) 2 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 162.12 (AUD) 21 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 182.64 (AUD) 24 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 2,388.96 (AUD) 316 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 2,728.80 (AUD) 360 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 24,887.52 (AUD) 3,292 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 30,708.72 (AUD) 4,062 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 304.00 (AUD) 40 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 312.01 (AUD) 41 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 33,498.36 (AUD) 4,431 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 350.52 (AUD) 46 Ordinary Shares
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02/27/2025 Morgan Stanley Australia Securities Limited Buy 373.87 (AUD) 49 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 393.72 (AUD) 51 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 398.84 (AUD) 52 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 4,712.00 (AUD) 620 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 463.80 (AUD) 60 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 5,201.28 (AUD) 688 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 5,259.87 (AUD) 693 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 53.27 (AUD) 7 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 54.18 (AUD) 7 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 565.02 (AUD) 73 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 6,289.92 (AUD) 832 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 614.40 (AUD) 80 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 633.04 (AUD) 82 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 665.64 (AUD) 86 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 68.67 (AUD) 9 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 725.80 (AUD) 95 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 736.32 (AUD) 96 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 8,036.28 (AUD) 1,063 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 816.41 (AUD) 107 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 872.10 (AUD) 114 Ordinary Shares
02/27/2025 Morgan Stanley Australia Securities Limited Buy 935.33 (AUD) 121 Ordinary Shares
02/27/2025 Morgan Stanley Capital Services LLC Buy N/A 11,283 Swaps
02/27/2025 Morgan Stanley Capital Services LLC Buy N/A 136 Swaps
02/27/2025 Morgan Stanley Capital Services LLC Buy N/A 2,000 Swaps
02/28/2025 Morgan Stanley & Co. International plc Buy 293.15 35 Ordinary Shares
02/28/2025 Morgan Stanley & Co. International plc Buy N/A 274 Swaps
02/28/2025 Morgan Stanley & Co. International plc Buy N/A 577 Swaps
02/28/2025 Morgan Stanley & Co. International plc Collateral Received N/A 30,395 Ordinary Shares
02/28/2025 Morgan Stanley Australia Securities Limited Buy 1,903.75 (AUD) 250 Ordinary Shares
02/28/2025 Morgan Stanley Australia Securities Limited Buy 15.23 (AUD) 2 Ordinary Shares
02/28/2025 Morgan Stanley Australia Securities Limited Buy 2,564.32 (AUD) 341 Ordinary Shares
02/28/2025 Morgan Stanley Australia Securities Limited Buy 203.58 (AUD) 27 Ordinary Shares
02/28/2025 Morgan Stanley Australia Securities Limited Buy 210.84 (AUD) 28 Ordinary Shares
02/28/2025 Morgan Stanley Australia Securities Limited Buy 22.59 (AUD) 3 Ordinary Shares
02/28/2025 Morgan Stanley Australia Securities Limited Buy 3,908.07 (AUD) 519 Ordinary Shares
02/28/2025 Morgan Stanley Australia Securities Limited Buy 301.60 (AUD) 40 Ordinary Shares
02/28/2025 Morgan Stanley Australia Securities Limited Buy 302.40 (AUD) 40 Ordinary Shares
02/28/2025 Morgan Stanley Australia Securities Limited Buy 319,652.64 (AUD) 42,507 Ordinary Shares
02/28/2025 Morgan Stanley Australia Securities Limited Buy 45.60 (AUD) 6 Ordinary Shares
02/28/2025 Morgan Stanley Australia Securities Limited Buy 487.04 (AUD) 64 Ordinary Shares
02/28/2025 Morgan Stanley Australia Securities Limited Buy 490.10 (AUD) 65 Ordinary Shares
02/28/2025 Morgan Stanley Australia Securities Limited Buy 669.28 (AUD) 89 Ordinary Shares
02/28/2025 Morgan Stanley Australia Securities Limited Buy 755.00 (AUD) 100 Ordinary Shares
02/28/2025 Morgan Stanley Australia Securities Limited Buy 8,302.08 (AUD) 1,104 Ordinary Shares
02/28/2025 Morgan Stanley Capital Services LLC Buy N/A 10,671 Swaps
02/28/2025 Morgan Stanley Capital Services LLC Buy N/A 11,949 Swaps
02/28/2025 Morgan Stanley Capital Services LLC Buy N/A 283 Swaps
02/28/2025 Morgan Stanley Capital Services LLC Buy N/A 675 Swaps
02/28/2025 Morgan Stanley Capital Services LLC Buy N/A 692 Swaps
03/03/2025 Morgan Stanley & Co. International plc Buy 150.08 18 Ordinary Shares
03/03/2025 Morgan Stanley & Co. International plc Buy 3,308.00 400 Ordinary Shares
03/03/2025 Morgan Stanley & Co. International plc Buy N/A 2,000 Swaps
03/03/2025 Morgan Stanley & Co. International plc Buy N/A 642 Swaps
03/03/2025 Morgan Stanley & Co. International plc Collateral Received N/A 1 Ordinary Share
03/03/2025 Morgan Stanley Australia Securities Limited Buy 1,445.57 (AUD) 193 Ordinary Shares
03/03/2025 Morgan Stanley Australia Securities Limited Buy 127.33 (AUD) 17 Ordinary Shares
03/03/2025 Morgan Stanley Australia Securities Limited Buy 134.37 (AUD) 18 Ordinary Shares
03/03/2025 Morgan Stanley Australia Securities Limited Buy 142.12 (AUD) 19 Ordinary Shares
03/03/2025 Morgan Stanley Australia Securities Limited Buy 165.44 (AUD) 22 Ordinary Shares
03/03/2025 Morgan Stanley Australia Securities Limited Buy 180.60 (AUD) 24 Ordinary Shares
03/03/2025 Morgan Stanley Australia Securities Limited Buy 187.25 (AUD) 25 Ordinary Shares
03/03/2025 Morgan Stanley Australia Securities Limited Buy 216.05 (AUD) 29 Ordinary Shares
03/03/2025 Morgan Stanley Australia Securities Limited Buy 216.48 (AUD) 29 Ordinary Shares
03/03/2025 Morgan Stanley Australia Securities Limited Buy 22.62 (AUD) 3 Ordinary Shares
03/03/2025 Morgan Stanley Australia Securities Limited Buy 343.16 (AUD) 46 Ordinary Shares
03/03/2025 Morgan Stanley Australia Securities Limited Buy 343.62 (AUD) 46 Ordinary Shares
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03/03/2025 Morgan Stanley Australia Securities Limited Buy 4,857.40 (AUD) 652 Ordinary Shares
03/03/2025 Morgan Stanley Australia Securities Limited Buy 4,925.60 (AUD) 655 Ordinary Shares
03/03/2025 Morgan Stanley Australia Securities Limited Buy 433.54 (AUD) 58 Ordinary Shares
03/03/2025 Morgan Stanley Australia Securities Limited Buy 5,101.05 (AUD) 681 Ordinary Shares
03/03/2025 Morgan Stanley Australia Securities Limited Buy 5,665.93 (AUD) 759 Ordinary Shares
03/03/2025 Morgan Stanley Australia Securities Limited Buy 517.15 (AUD) 69 Ordinary Shares
03/03/2025 Morgan Stanley Australia Securities Limited Buy 517.50 (AUD) 69 Ordinary Shares
03/03/2025 Morgan Stanley Australia Securities Limited Buy 634.10 (AUD) 85 Ordinary Shares
03/03/2025 Morgan Stanley Australia Securities Limited Buy 7.45 (AUD) 1 Ordinary Share
03/03/2025 Morgan Stanley Australia Securities Limited Buy 704.06 (AUD) 94 Ordinary Shares
03/03/2025 Morgan Stanley Australia Securities Limited Buy 805.13 (AUD) 108 Ordinary Shares
03/03/2025 Morgan Stanley Capital Services LLC Buy N/A 1,711 Swaps
03/03/2025 Morgan Stanley Capital Services LLC Buy N/A 11,218 Swaps
03/03/2025 Morgan Stanley Capital Services LLC Buy N/A 2,139 Swaps
03/03/2025 Morgan Stanley Capital Services LLC Buy N/A 2,152 Swaps
03/03/2025 Morgan Stanley Capital Services LLC Buy N/A 487 Swaps
03/03/2025 Morgan Stanley Capital Services LLC Buy N/A 842 Swaps
03/04/2025 Morgan Stanley & Co. International plc Borrow N/A 13,074 Ordinary Shares
03/04/2025 Morgan Stanley & Co. International plc Buy N/A 652 Swaps
03/04/2025 Morgan Stanley & Co. International plc Collateral Received N/A 3,011 Ordinary Shares
03/04/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 71,102 Ordinary Shares
03/04/2025 Morgan Stanley Australia Securities Limited Buy 14,613.94 (AUD) 1,991 Ordinary Shares
03/04/2025 Morgan Stanley Australia Securities Limited Buy 15,237.84 (AUD) 2,076 Ordinary Shares
03/04/2025 Morgan Stanley Australia Securities Limited Buy 18,327.98 (AUD) 2,497 Ordinary Shares
03/04/2025 Morgan Stanley Australia Securities Limited Buy 265.32 (AUD) 36 Ordinary Shares
03/04/2025 Morgan Stanley Australia Securities Limited Buy 29.44 (AUD) 4 Ordinary Shares
03/04/2025 Morgan Stanley Australia Securities Limited Buy 5,027.90 (AUD) 685 Ordinary Shares
03/04/2025 Morgan Stanley Australia Securities Limited Buy 5,695.84 (AUD) 776 Ordinary Shares
03/04/2025 Morgan Stanley Australia Securities Limited Buy 560.12 (AUD) 76 Ordinary Shares
03/04/2025 Morgan Stanley Australia Securities Limited Buy 6,870.24 (AUD) 936 Ordinary Shares
03/04/2025 Morgan Stanley Australia Securities Limited Buy 9,791.56 (AUD) 1,334 Ordinary Shares
03/04/2025 Morgan Stanley Capital Services LLC Buy N/A 1,741 Swaps
03/04/2025 Morgan Stanley Capital Services LLC Buy N/A 1,799 Swaps
03/04/2025 Morgan Stanley Capital Services LLC Buy N/A 2,176 Swaps
03/04/2025 Morgan Stanley Capital Services LLC Buy N/A 2,386 Swaps
03/04/2025 Morgan Stanley Capital Services LLC Buy N/A 3,106 Swaps
03/04/2025 Morgan Stanley Capital Services LLC Buy N/A 515 Swaps
03/05/2025 Morgan Stanley & Co. International plc Borrow N/A 8,500 Ordinary Shares
03/05/2025 Morgan Stanley & Co. International plc Buy N/A 657 Swaps
03/05/2025 Morgan Stanley & Co. International plc Collateral Received N/A 67,048 Ordinary Shares
03/05/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 248,712 Ordinary Shares
03/05/2025 Morgan Stanley Australia Securities Limited Buy 108.97 (AUD) 15 Ordinary Shares
03/05/2025 Morgan Stanley Australia Securities Limited Buy 14.50 (AUD) 2 Ordinary Shares
03/05/2025 Morgan Stanley Australia Securities Limited Buy 2,617.25 (AUD) 361 Ordinary Shares
03/05/2025 Morgan Stanley Australia Securities Limited Buy 3,219.00 (AUD) 444 Ordinary Shares
03/05/2025 Morgan Stanley Australia Securities Limited Buy 4,651.92 (AUD) 639 Ordinary Shares
03/05/2025 Morgan Stanley Capital Services LLC Buy N/A 1,109 Swaps
03/05/2025 Morgan Stanley Capital Services LLC Buy N/A 1,752 Swaps
03/05/2025 Morgan Stanley Capital Services LLC Buy N/A 175 Swaps
03/05/2025 Morgan Stanley Capital Services LLC Buy N/A 2,190 Swaps
03/05/2025 Morgan Stanley Capital Services LLC Buy N/A 409 Swaps
03/05/2025 Morgan Stanley Capital Services LLC Buy N/A 6,410 Swaps
03/06/2025 Morgan Stanley & Co. International plc Buy N/A 370 Swaps
03/06/2025 Morgan Stanley & Co. International plc Buy N/A 655 Swaps
03/06/2025 Morgan Stanley & Co. International plc Buy N/A 831 Swaps
03/06/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 50 Ordinary Shares
03/06/2025 Morgan Stanley Australia Securities Limited Buy 10,738.42 (AUD) 1,463 Ordinary Shares
03/06/2025 Morgan Stanley Australia Securities Limited Buy 109.20 (AUD) 15 Ordinary Shares
03/06/2025 Morgan Stanley Australia Securities Limited Buy 124.27 (AUD) 17 Ordinary Shares
03/06/2025 Morgan Stanley Australia Securities Limited Buy 131.40 (AUD) 18 Ordinary Shares
03/06/2025 Morgan Stanley Australia Securities Limited Buy 175.20 (AUD) 24 Ordinary Shares
03/06/2025 Morgan Stanley Australia Securities Limited Buy 19,891.40 (AUD) 2,710 Ordinary Shares
03/06/2025 Morgan Stanley Australia Securities Limited Buy 3,273.64 (AUD) 446 Ordinary Shares
03/06/2025 Morgan Stanley Australia Securities Limited Buy 406.56 (AUD) 56 Ordinary Shares
03/06/2025 Morgan Stanley Australia Securities Limited Buy 444.69 (AUD) 61 Ordinary Shares
03/06/2025 Morgan Stanley Australia Securities Limited Buy 588.06 (AUD) 81 Ordinary Shares
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03/06/2025 Morgan Stanley Australia Securities Limited Buy 623.90 (AUD) 85 Ordinary Shares
03/06/2025 Morgan Stanley Australia Securities Limited Buy 94.64 (AUD) 13 Ordinary Shares
03/06/2025 Morgan Stanley Capital Services LLC Buy N/A 1 Swap
03/06/2025 Morgan Stanley Capital Services LLC Buy N/A 1,185 Swaps
03/06/2025 Morgan Stanley Capital Services LLC Buy N/A 1,462 Swaps
03/06/2025 Morgan Stanley Capital Services LLC Buy N/A 1,746 Swaps
03/06/2025 Morgan Stanley Capital Services LLC Buy N/A 2,182 Swaps
03/06/2025 Morgan Stanley Capital Services LLC Buy N/A 211 Swaps
03/06/2025 Morgan Stanley Capital Services LLC Buy N/A 6,709 Swaps
03/07/2025 Morgan Stanley & Co. International plc Borrow N/A 11,682 Ordinary Shares
03/07/2025 Morgan Stanley & Co. International plc Buy N/A 2,009 Swaps
03/07/2025 Morgan Stanley & Co. International plc Buy N/A 638 Swaps
03/07/2025 Morgan Stanley & Co. International plc Collateral Received N/A 210,478 Ordinary Shares
03/07/2025 Morgan Stanley Australia Securities Limited Buy 1,087.70 (AUD) 149 Ordinary Shares
03/07/2025 Morgan Stanley Australia Securities Limited Buy 1,542.41 (AUD) 211 Ordinary Shares
03/07/2025 Morgan Stanley Australia Securities Limited Buy 2,883.50 (AUD) 395 Ordinary Shares
03/07/2025 Morgan Stanley Australia Securities Limited Buy 21.84 (AUD) 3 Ordinary Shares
03/07/2025 Morgan Stanley Australia Securities Limited Buy 234.56 (AUD) 32 Ordinary Shares
03/07/2025 Morgan Stanley Australia Securities Limited Buy 235.84 (AUD) 32 Ordinary Shares
03/07/2025 Morgan Stanley Australia Securities Limited Buy 256.55 (AUD) 35 Ordinary Shares
03/07/2025 Morgan Stanley Australia Securities Limited Buy 256.90 (AUD) 35 Ordinary Shares
03/07/2025 Morgan Stanley Australia Securities Limited Buy 262.80 (AUD) 36 Ordinary Shares
03/07/2025 Morgan Stanley Australia Securities Limited Buy 278.16 (AUD) 38 Ordinary Shares
03/07/2025 Morgan Stanley Australia Securities Limited Buy 279.30 (AUD) 38 Ordinary Shares
03/07/2025 Morgan Stanley Australia Securities Limited Buy 323.84 (AUD) 44 Ordinary Shares
03/07/2025 Morgan Stanley Australia Securities Limited Buy 360.15 (AUD) 49 Ordinary Shares
03/07/2025 Morgan Stanley Australia Securities Limited Buy 417.24 (AUD) 57 Ordinary Shares
03/07/2025 Morgan Stanley Australia Securities Limited Buy 54,837.60 (AUD) 7,512 Ordinary Shares
03/07/2025 Morgan Stanley Australia Securities Limited Buy 7.30 (AUD) 1 Ordinary Share
03/07/2025 Morgan Stanley Australia Securities Limited Buy 7.31 (AUD) 1 Ordinary Share
03/07/2025 Morgan Stanley Australia Securities Limited Buy 7.31 (AUD) 1 Ordinary Share
03/07/2025 Morgan Stanley Capital Services LLC Buy N/A 1,701 Swaps
03/07/2025 Morgan Stanley Capital Services LLC Buy N/A 2,007 Swaps
03/07/2025 Morgan Stanley Capital Services LLC Buy N/A 2,126 Swaps
03/07/2025 Morgan Stanley Capital Services LLC Buy N/A 228 Swaps
03/07/2025 Morgan Stanley Capital Services LLC Buy N/A 3,279 Swaps
03/07/2025 Morgan Stanley Capital Services LLC Buy N/A 5,430 Swaps
03/07/2025 Morgan Stanley Capital Services LLC Buy N/A 594 Swaps
03/10/2025 Morgan Stanley & Co. International plc Borrow N/A 8,914 Ordinary Shares
03/10/2025 Morgan Stanley & Co. International plc Buy 30,990.60 3,826 Ordinary Shares
03/10/2025 Morgan Stanley & Co. International plc Buy N/A 3,252 Swaps
03/10/2025 Morgan Stanley & Co. International plc Collateral Received N/A 17,740 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 1,048.19 (AUD) 143 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 1,052.64 (AUD) 144 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 1,337.68 (AUD) 184 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 1,368.84 (AUD) 187 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 1,525.70 (AUD) 209 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 1,688.96 (AUD) 232 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 101.99 (AUD) 14 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 102.20 (AUD) 14 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 11,664.00 (AUD) 1,600 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 13,252.64 (AUD) 1,808 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 15,267.00 (AUD) 2,100 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 2,266.10 (AUD) 310 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 2,478.09 (AUD) 339 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 2,649.90 (AUD) 363 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 203.56 (AUD) 28 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 21,513.55 (AUD) 2,935 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 21.99 (AUD) 3 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 247.52 (AUD) 34 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 328.50 (AUD) 45 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 349.92 (AUD) 48 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 350.88 (AUD) 48 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 36.35 (AUD) 5 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 380.12 (AUD) 52 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 43.80 (AUD) 6 Ordinary Shares
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03/10/2025 Morgan Stanley Australia Securities Limited Buy 439.80 (AUD) 60 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 466.24 (AUD) 64 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 58,418.42 (AUD) 7,987 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 597.78 (AUD) 82 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 598.60 (AUD) 82 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 647.03 (AUD) 89 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 65.61 (AUD) 9 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 669.76 (AUD) 92 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 686.67 (AUD) 94 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 7,542.08 (AUD) 1,036 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 732.00 (AUD) 100 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 749.84 (AUD) 103 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 770.70 (AUD) 105 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 87.72 (AUD) 12 Ordinary Shares
03/10/2025 Morgan Stanley Australia Securities Limited Buy 886.94 (AUD) 122 Ordinary Shares
03/10/2025 Morgan Stanley Capital Services LLC Buy N/A 1,490 Swaps
03/10/2025 Morgan Stanley Capital Services LLC Buy N/A 1,592 Swaps
03/10/2025 Morgan Stanley Capital Services LLC Buy N/A 2,745 Swaps
03/10/2025 Morgan Stanley Capital Services LLC Buy N/A 3,036 Swaps
03/10/2025 Morgan Stanley Capital Services LLC Buy N/A 5,307 Swaps
03/10/2025 Morgan Stanley Capital Services LLC Buy N/A 557 Swaps
03/10/2025 Morgan Stanley Capital Services LLC Buy N/A 766 Swaps
03/10/2025 Morgan Stanley Capital Services LLC Buy N/A 9,220 Swaps
03/11/2025 Morgan Stanley & Co. International plc Borrow N/A 26,209 Ordinary Shares
03/11/2025 Morgan Stanley & Co. International plc Buy N/A 5,310 Swaps
03/11/2025 Morgan Stanley & Co. International plc Collateral Received N/A 17,179 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 1,026.20 (AUD) 140 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 1,109.60 (AUD) 152 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 1,118.43 (AUD) 153 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 1,162.29 (AUD) 159 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 1,429.35 (AUD) 195 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 1,491.24 (AUD) 204 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 1,494.30 (AUD) 204 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 1,549.72 (AUD) 212 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 1,775.11 (AUD) 243 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 1,805.57 (AUD) 247 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 1,868.80 (AUD) 256 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 1,890.70 (AUD) 259 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 102.62 (AUD) 14 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 132.12 (AUD) 18 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 180.50 (AUD) 25 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 2,062.82 (AUD) 282 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 2,153.50 (AUD) 295 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 2,482.00 (AUD) 340 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 2,990.64 (AUD) 408 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 204.96 (AUD) 28 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 269.73 (AUD) 37 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 3,357.58 (AUD) 459 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 350.88 (AUD) 48 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 356.23 (AUD) 49 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 371.28 (AUD) 51 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 373.32 (AUD) 51 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 379.86 (AUD) 52 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 380.64 (AUD) 52 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 386.37 (AUD) 53 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 407.12 (AUD) 56 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 424.27 (AUD) 58 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 445.91 (AUD) 61 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 46,172.50 (AUD) 6,325 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 475.47 (AUD) 65 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 5,277.82 (AUD) 731 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 504.39 (AUD) 69 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 505.08 (AUD) 69 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 517.59 (AUD) 71 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 53,354.13 (AUD) 7,298 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 56,589.60 (AUD) 7,752 Ordinary Shares
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03/11/2025 Morgan Stanley Australia Securities Limited Buy 6,558.72 (AUD) 896 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 665.21 (AUD) 91 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 685.72 (AUD) 94 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 7.29 (AUD) 1 Ordinary Share
03/11/2025 Morgan Stanley Australia Securities Limited Buy 840.65 (AUD) 115 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 847.96 (AUD) 116 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 87.72 (AUD) 12 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 885.72 (AUD) 121 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 9,152.12 (AUD) 1,252 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 958.92 (AUD) 131 Ordinary Shares
03/11/2025 Morgan Stanley Australia Securities Limited Buy 998.24 (AUD) 136 Ordinary Shares
03/11/2025 Morgan Stanley Capital Services LLC Buy N/A 1,051 Swaps
03/11/2025 Morgan Stanley Capital Services LLC Buy N/A 267 Swaps
03/11/2025 Morgan Stanley Capital Services LLC Buy N/A 27 Swaps
03/11/2025 Morgan Stanley Capital Services LLC Buy N/A 34 Swaps
03/11/2025 Morgan Stanley Capital Services LLC Buy N/A 4,794 Swaps
03/11/2025 Morgan Stanley Capital Services LLC Buy N/A 42 Swaps
03/11/2025 Morgan Stanley Capital Services LLC Buy N/A 8,662 Swaps
03/11/2025 Morgan Stanley Capital Services LLC Buy N/A 952 Swaps
03/12/2025 Morgan Stanley & Co. International plc Borrow N/A 2,569 Ordinary Shares
03/12/2025 Morgan Stanley & Co. International plc Buy N/A 4,052 Swaps
03/12/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 12,864 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 1,018.87 (AUD) 139 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 1,031.41 (AUD) 141 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 1,117.66 (AUD) 153 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 1,253.88 (AUD) 172 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 1,262.90 (AUD) 173 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 1,311.17 (AUD) 179 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 1,383.48 (AUD) 189 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 1,452.32 (AUD) 198 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 1,552.90 (AUD) 212 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 1,618.82 (AUD) 221 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 1,627.90 (AUD) 223 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 1,681.68 (AUD) 231 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 1,715.22 (AUD) 234 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 1,922.53 (AUD) 263 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 116.88 (AUD) 16 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 123.76 (AUD) 17 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 13,377.30 (AUD) 1,830 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 131.58 (AUD) 18 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 131.58 (AUD) 18 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 131.85 (AUD) 18 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 138.79 (AUD) 19 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 14,910.84 (AUD) 2,037 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 16,931.16 (AUD) 2,313 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 168.24 (AUD) 23 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 18,278.04 (AUD) 2,497 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 183.25 (AUD) 25 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 189.54 (AUD) 26 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 190.06 (AUD) 26 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 197.77 (AUD) 27 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 198.04 (AUD) 27 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 2,096.53 (AUD) 287 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 2,299.50 (AUD) 315 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 2,389.58 (AUD) 326 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 2,673.62 (AUD) 365 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 21.96 (AUD) 3 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 262.80 (AUD) 36 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 270.47 (AUD) 37 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 307.21 (AUD) 42 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 336.48 (AUD) 46 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 35,875.32 (AUD) 4,901 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 36,087.60 (AUD) 4,930 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 4,209.00 (AUD) 575 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 4,862.43 (AUD) 667 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 4,934.25 (AUD) 675 Ordinary Shares
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03/12/2025 Morgan Stanley Australia Securities Limited Buy 4,992.73 (AUD) 683 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 430.70 (AUD) 59 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 489.77 (AUD) 67 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 5,519.05 (AUD) 755 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 51.20 (AUD) 7 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 511.00 (AUD) 70 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 534.36 (AUD) 73 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 542.42 (AUD) 74 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 570.18 (AUD) 78 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 584.80 (AUD) 80 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 608.39 (AUD) 83 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 616.14 (AUD) 84 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 7.31 (AUD) 1 Ordinary Share
03/12/2025 Morgan Stanley Australia Securities Limited Buy 700.80 (AUD) 96 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 8,543.76 (AUD) 1,164 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 80.30 (AUD) 11 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 826.59 (AUD) 113 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 9,081.20 (AUD) 1,244 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 907.68 (AUD) 124 Ordinary Shares
03/12/2025 Morgan Stanley Australia Securities Limited Buy 921.06 (AUD) 126 Ordinary Shares
03/12/2025 Morgan Stanley Capital Services LLC Buy N/A 1,000 Swaps
03/12/2025 Morgan Stanley Capital Services LLC Buy N/A 1,422 Swaps
03/12/2025 Morgan Stanley Capital Services LLC Buy N/A 1,828 Swaps
03/12/2025 Morgan Stanley Capital Services LLC Buy N/A 261 Swaps
03/12/2025 Morgan Stanley Capital Services LLC Buy N/A 50 Swaps
03/12/2025 Morgan Stanley Capital Services LLC Buy N/A 6,612 Swaps
03/13/2025 Morgan Stanley & Co. International plc Borrow N/A 15,357 Ordinary Shares
03/13/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 10,152,399 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 1,093.50 (AUD) 150 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 1,307.59 (AUD) 179 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 1,334.06 (AUD) 182 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 1,335.90 (AUD) 183 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 1,939.14 (AUD) 266 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 109.65 (AUD) 15 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 11,576.52 (AUD) 1,588 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 116.96 (AUD) 16 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 12,150.32 (AUD) 1,669 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 12,420.84 (AUD) 1,698 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 123.59 (AUD) 17 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 123.93 (AUD) 17 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 160.38 (AUD) 22 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 17,741.36 (AUD) 2,437 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 182.50 (AUD) 25 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 2,010.65 (AUD) 276 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 2,171.20 (AUD) 295 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 2,340.79 (AUD) 320 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 2,344.16 (AUD) 322 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 211.55 (AUD) 29 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 218.55 (AUD) 30 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 225.99 (AUD) 31 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 25,681.40 (AUD) 3,518 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 255.15 (AUD) 35 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 270.10 (AUD) 37 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 3,067.08 (AUD) 419 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 3,224.37 (AUD) 442 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 3,241.82 (AUD) 445 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 4,317.25 (AUD) 591 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 4,687.32 (AUD) 636 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 437.69 (AUD) 60 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 52,652.80 (AUD) 7,225 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 567.06 (AUD) 78 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 575.12 (AUD) 79 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 6,381.12 (AUD) 867 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 620.50 (AUD) 85 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 642.40 (AUD) 88 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 65.52 (AUD) 9 Ordinary Shares
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03/13/2025 Morgan Stanley Australia Securities Limited Buy 65.61 (AUD) 9 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 8,396.85 (AUD) 1,155 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 830.48 (AUD) 114 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 874.65 (AUD) 119 Ordinary Shares
03/13/2025 Morgan Stanley Australia Securities Limited Buy 9,890.43 (AUD) 1,353 Ordinary Shares
03/13/2025 Morgan Stanley Capital Services LLC Buy N/A 24,121 Swaps
03/13/2025 Morgan Stanley Capital Services LLC Buy N/A 4,035 Swaps
03/13/2025 Morgan Stanley Capital Services LLC Buy N/A 7,000 Swaps
03/13/2025 Morgan Stanley Capital Services LLC Buy N/A 7,191 Swaps
03/14/2025 Morgan Stanley & Co. International plc Buy 31,001.13 3,831 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 1,058.50 (AUD) 145 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 1,173.69 (AUD) 161 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 1,925.84 (AUD) 266 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 102.06 (AUD) 14 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 109.42 (AUD) 15 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 115.52 (AUD) 16 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 116.16 (AUD) 16 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 122.91 (AUD) 17 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 130.77 (AUD) 18 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 14.48 (AUD) 2 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 153.30 (AUD) 21 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 166.06 (AUD) 23 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 167.67 (AUD) 23 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 2,125.62 (AUD) 294 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 2,156.22 (AUD) 297 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 2,226.50 (AUD) 305 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 2,233.80 (AUD) 306 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 21.66 (AUD) 3 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 212.28 (AUD) 29 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 289.20 (AUD) 40 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 3,584.30 (AUD) 491 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 306.18 (AUD) 42 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 36.45 (AUD) 5 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 362.74 (AUD) 50 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 382.92 (AUD) 53 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 4,095.30 (AUD) 561 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 4,248.60 (AUD) 582 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 475.15 (AUD) 65 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 551.00 (AUD) 76 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 57.88 (AUD) 8 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 577.09 (AUD) 79 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 688.75 (AUD) 95 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 707.61 (AUD) 97 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 731.24 (AUD) 101 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 75.00 (AUD) 10 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 79.47 (AUD) 11 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 817.60 (AUD) 112 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 833.34 (AUD) 114 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 851.96 (AUD) 118 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 93.86 (AUD) 13 Ordinary Shares
03/14/2025 Morgan Stanley Australia Securities Limited Buy 986.85 (AUD) 135 Ordinary Shares
03/14/2025 Morgan Stanley Capital Services LLC Buy N/A 1,591 Swaps
03/14/2025 Morgan Stanley Capital Services LLC Buy N/A 1,706 Swaps
03/14/2025 Morgan Stanley Capital Services LLC Buy N/A 1,963 Swaps
03/14/2025 Morgan Stanley Capital Services LLC Buy N/A 26 Swaps
03/14/2025 Morgan Stanley Capital Services LLC Buy N/A 34 Swaps
03/14/2025 Morgan Stanley Capital Services LLC Buy N/A 6,000 Swaps
03/17/2025 Morgan Stanley & Co. International plc Buy 21.30 (AUD) 3 Ordinary Shares
03/17/2025 Morgan Stanley & Co. International plc Buy N/A 96 Swaps
03/17/2025 Morgan Stanley Australia Securities Limited Borrow N/A 26,354 Ordinary Shares
03/17/2025 Morgan Stanley Australia Securities Limited Buy 1,000.39 (AUD) 141 Ordinary Shares
03/17/2025 Morgan Stanley Australia Securities Limited Buy 1,207.00 (AUD) 170 Ordinary Shares
03/17/2025 Morgan Stanley Australia Securities Limited Buy 1,384.50 (AUD) 195 Ordinary Shares
03/17/2025 Morgan Stanley Australia Securities Limited Buy 1,772.50 (AUD) 250 Ordinary Shares
03/17/2025 Morgan Stanley Australia Securities Limited Buy 10,387.30 (AUD) 1,463 Ordinary Shares
03/17/2025 Morgan Stanley Australia Securities Limited Buy 113.28 (AUD) 16 Ordinary Shares
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03/17/2025 Morgan Stanley Australia Securities Limited Buy 134.71 (AUD) 19 Ordinary Shares
03/17/2025 Morgan Stanley Australia Securities Limited Buy 134.80 (AUD) 19 Ordinary Shares
03/17/2025 Morgan Stanley Australia Securities Limited Buy 14.24 (AUD) 2 Ordinary Shares
03/17/2025 Morgan Stanley Australia Securities Limited Buy 169.92 (AUD) 24 Ordinary Shares
03/17/2025 Morgan Stanley Australia Securities Limited Buy 198.80 (AUD) 28 Ordinary Shares
03/17/2025 Morgan Stanley Australia Securities Limited Buy 219.79 (AUD) 31 Ordinary Shares
03/17/2025 Morgan Stanley Australia Securities Limited Buy 233.97 (AUD) 33 Ordinary Shares
03/17/2025 Morgan Stanley Australia Securities Limited Buy 340.80 (AUD) 48 Ordinary Shares
03/17/2025 Morgan Stanley Australia Securities Limited Buy 348.63 (AUD) 49 Ordinary Shares
03/17/2025 Morgan Stanley Australia Securities Limited Buy 369.20 (AUD) 52 Ordinary Shares
03/17/2025 Morgan Stanley Australia Securities Limited Buy 404.70 (AUD) 57 Ordinary Shares
03/17/2025 Morgan Stanley Australia Securities Limited Buy 51,465.49 (AUD) 7,243 Ordinary Shares
03/17/2025 Morgan Stanley Australia Securities Limited Buy 901.70 (AUD) 127 Ordinary Shares
03/17/2025 Morgan Stanley Australia Securities Limited Buy 948.72 (AUD) 134 Ordinary Shares
03/17/2025 Morgan Stanley Australia Securities Limited Buy 986.20 (AUD) 139 Ordinary Shares
03/17/2025 Morgan Stanley Australia Securities Limited Buy 99.12 (AUD) 14 Ordinary Shares
03/17/2025 Morgan Stanley Australia Securities Limited Buy 99.54 (AUD) 14 Ordinary Shares
03/17/2025 Morgan Stanley Capital Services LLC Buy N/A 1,585 Swaps
03/17/2025 Morgan Stanley Capital Services LLC Buy N/A 1,739 Swaps
03/17/2025 Morgan Stanley Capital Services LLC Buy N/A 2,000 Swaps
03/17/2025 Morgan Stanley Capital Services LLC Buy N/A 230 Swaps
03/17/2025 Morgan Stanley Capital Services LLC Buy N/A 286 Swaps
03/17/2025 Morgan Stanley Capital Services LLC Buy N/A 43 Swaps
03/17/2025 Morgan Stanley Capital Services LLC Buy N/A 63 Swaps
03/18/2025 Morgan Stanley & Co. International plc Borrow N/A 211,590 Ordinary Shares
03/18/2025 Morgan Stanley & Co. International plc Borrow N/A 25,682 Ordinary Shares
03/18/2025 Morgan Stanley & Co. International plc Buy N/A 175 Swaps
03/18/2025 Morgan Stanley Australia Securities Limited Buy 1,206.66 (AUD) 169 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 1,217.52 (AUD) 171 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 1,615.09 (AUD) 227 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 1,730.16 (AUD) 243 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 1,801.36 (AUD) 253 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 1,939.36 (AUD) 272 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 1,989.27 (AUD) 279 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 128.34 (AUD) 18 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 135.09 (AUD) 19 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 135.28 (AUD) 19 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 14.22 (AUD) 2 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 14.29 (AUD) 2 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 142.40 (AUD) 20 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 149.94 (AUD) 21 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 15,037.89 (AUD) 2,121 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 15,583.82 (AUD) 2,198 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 157.30 (AUD) 22 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 19,128.82 (AUD) 2,698 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 2,360.52 (AUD) 332 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 2,410.60 (AUD) 340 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 2,764.49 (AUD) 388 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 2,807.64 (AUD) 396 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 2,984.52 (AUD) 418 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 21.31 (AUD) 3 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 214.50 (AUD) 30 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 235.12 (AUD) 33 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 276.51 (AUD) 39 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 278.07 (AUD) 39 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 3,018.09 (AUD) 423 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 3,023.86 (AUD) 425 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 3,365.38 (AUD) 473 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 35.65 (AUD) 5 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 363.12 (AUD) 51 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 371.54 (AUD) 52 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 385.56 (AUD) 54 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 4,055.48 (AUD) 572 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 4,821.20 (AUD) 680 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 42.72 (AUD) 6 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 456.96 (AUD) 64 Ordinary Shares
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03/18/2025 Morgan Stanley Australia Securities Limited Buy 465.40 (AUD) 65 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 5,896.51 (AUD) 827 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 506.94 (AUD) 71 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 52,335.85 (AUD) 7,354 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 562.48 (AUD) 79 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 633.23 (AUD) 89 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 691.20 (AUD) 96 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 700.70 (AUD) 98 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 78.59 (AUD) 11 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 926.25 (AUD) 130 Ordinary Shares
03/18/2025 Morgan Stanley Australia Securities Limited Buy 934.03 (AUD) 131 Ordinary Shares
03/18/2025 Morgan Stanley Capital Services LLC Buy N/A 1,517 Swaps
03/18/2025 Morgan Stanley Capital Services LLC Buy N/A 13,000 Swaps
03/18/2025 Morgan Stanley Capital Services LLC Buy N/A 210 Swaps
03/18/2025 Morgan Stanley Capital Services LLC Buy N/A 274 Swaps
03/18/2025 Morgan Stanley Capital Services LLC Buy N/A 344 Swaps
03/19/2025 Morgan Stanley & Co. International plc Borrow N/A 22,676 Ordinary Shares
03/19/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 57,084 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 1,134.00 (AUD) 162 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 1,197.12 (AUD) 172 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 1,264.28 (AUD) 181 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 1,277.34 (AUD) 183 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 1,468.95 (AUD) 210 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 1,571.83 (AUD) 226 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 1,581.05 (AUD) 227 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 1,833.11 (AUD) 263 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 1,844.03 (AUD) 264 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 104.85 (AUD) 15 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 12,888.72 (AUD) 1,836 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 131,785.73 (AUD) 18,820 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 14.06 (AUD) 2 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 166.32 (AUD) 24 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 187.92 (AUD) 27 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 194.88 (AUD) 28 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 2,129.76 (AUD) 306 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 2,214.45 (AUD) 315 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 2,219.00 (AUD) 317 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 2,394.14 (AUD) 343 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 2,474.46 (AUD) 354 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 2,474.46 (AUD) 354 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 2,910.42 (AUD) 414 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 21.00 (AUD) 3 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 24,499.55 (AUD) 3,485 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 256.78 (AUD) 37 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 3,122.56 (AUD) 448 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 3,681.08 (AUD) 527 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 3,952.26 (AUD) 563 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 35.15 (AUD) 5 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 372.32 (AUD) 53 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 383.90 (AUD) 55 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 4,571.46 (AUD) 654 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 418.80 (AUD) 60 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 42.12 (AUD) 6 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 470.67 (AUD) 67 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 481.62 (AUD) 69 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 5,082.69 (AUD) 723 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 5,164.32 (AUD) 742 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 543.27 (AUD) 78 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 546.78 (AUD) 78 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 571.54 (AUD) 82 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 588.20 (AUD) 85 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 588.84 (AUD) 84 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 632.70 (AUD) 90 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 665.00 (AUD) 95 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 668.16 (AUD) 96 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 693.00 (AUD) 100 Ordinary Shares
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03/19/2025 Morgan Stanley Australia Securities Limited Buy 703.97 (AUD) 101 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 782.88 (AUD) 112 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 8,133.71 (AUD) 1,157 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 849.42 (AUD) 121 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 865.92 (AUD) 123 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 88,606.12 (AUD) 12,604 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 91.39 (AUD) 13 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 952.00 (AUD) 136 Ordinary Shares
03/19/2025 Morgan Stanley Australia Securities Limited Buy 977.17 (AUD) 139 Ordinary Shares
03/19/2025 Morgan Stanley Capital Services LLC Buy N/A 1,440 Swaps
03/19/2025 Morgan Stanley Capital Services LLC Buy N/A 2,661 Swaps
03/19/2025 Morgan Stanley Capital Services LLC Buy N/A 3,000 Swaps
03/19/2025 Morgan Stanley Capital Services LLC Buy N/A 895 Swaps
03/20/2025 Morgan Stanley & Co. International plc Collateral Received N/A 37,899 Ordinary Shares
03/20/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 162,101 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 1,018.85 (AUD) 142 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 1,226.07 (AUD) 171 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 1,293.24 (AUD) 181 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 1,306.76 (AUD) 182 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 1,367.56 (AUD) 191 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 1,466.76 (AUD) 205 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 1,761.36 (AUD) 246 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 1,940.36 (AUD) 271 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 1,969.25 (AUD) 276 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 11,739.30 (AUD) 1,635 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 121.38 (AUD) 17 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 129,491.30 (AUD) 18,035 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 13,701.87 (AUD) 1,911 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 185.25 (AUD) 26 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 2,059.20 (AUD) 288 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 2,190.96 (AUD) 306 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 2,272.00 (AUD) 320 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 2,623.84 (AUD) 368 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 214.20 (AUD) 30 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 264.18 (AUD) 37 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 301.14 (AUD) 42 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 301.35 (AUD) 42 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 37,781.16 (AUD) 5,262 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 377.89 (AUD) 53 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 4,056.97 (AUD) 569 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 4,215.96 (AUD) 588 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 4,818.68 (AUD) 673 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 449.19 (AUD) 63 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 451.71 (AUD) 63 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 459.20 (AUD) 64 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 529.10 (AUD) 74 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 529.47 (AUD) 74 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 584.25 (AUD) 82 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 586.30 (AUD) 82 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 594.28 (AUD) 83 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 599.76 (AUD) 84 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 6,943.06 (AUD) 967 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 622.48 (AUD) 87 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 626.56 (AUD) 88 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 626.56 (AUD) 88 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 636.35 (AUD) 89 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 64.53 (AUD) 9 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 655.04 (AUD) 92 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 663.09 (AUD) 93 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 673.51 (AUD) 94 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 684.48 (AUD) 96 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 699.72 (AUD) 98 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 7,614.54 (AUD) 1,062 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 7,675.42 (AUD) 1,069 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 7.12 (AUD) 1 Ordinary Share
03/20/2025 Morgan Stanley Australia Securities Limited Buy 7.15 (AUD) 1 Ordinary Share
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03/20/2025 Morgan Stanley Australia Securities Limited Buy 706.86 (AUD) 99 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 71.60 (AUD) 10 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 725.22 (AUD) 102 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 731.85 (AUD) 102 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 735.93 (AUD) 103 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 740.48 (AUD) 104 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 751.27 (AUD) 105 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 8,290.80 (AUD) 1,176 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 806.82 (AUD) 113 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 896.25 (AUD) 125 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 909.32 (AUD) 127 Ordinary Shares
03/20/2025 Morgan Stanley Australia Securities Limited Buy 955.42 (AUD) 134 Ordinary Shares
03/20/2025 Morgan Stanley Capital Services LLC Buy N/A 1,016 Swaps
03/20/2025 Morgan Stanley Capital Services LLC Buy N/A 14,584 Swaps
03/20/2025 Morgan Stanley Capital Services LLC Buy N/A 3,000 Swaps
03/20/2025 Morgan Stanley Capital Services LLC Buy N/A 305 Swaps
03/20/2025 Morgan Stanley Capital Services LLC Buy N/A 4,017 Swaps
03/21/2025 Morgan Stanley & Co. International plc Buy 123,536.78 (AUD) 16,984 Ordinary Shares
03/21/2025 Morgan Stanley & Co. International plc Buy N/A 1,389 Swaps
03/21/2025 Morgan Stanley & Co. International plc Collateral Received N/A 10,338,720 Ordinary Shares
03/21/2025 Morgan Stanley Australia Securities Limited Buy 1,623.44 (AUD) 223 Ordinary Shares
03/21/2025 Morgan Stanley Australia Securities Limited Buy 1,703.52 (AUD) 234 Ordinary Shares
03/21/2025 Morgan Stanley Australia Securities Limited Buy 1,868.39 (AUD) 257 Ordinary Shares
03/21/2025 Morgan Stanley Australia Securities Limited Buy 101.85 (AUD) 14 Ordinary Shares
03/21/2025 Morgan Stanley Australia Securities Limited Buy 12,774.50 (AUD) 1,762 Ordinary Shares
03/21/2025 Morgan Stanley Australia Securities Limited Buy 137.56 (AUD) 19 Ordinary Shares
03/21/2025 Morgan Stanley Australia Securities Limited Buy 138.51 (AUD) 19 Ordinary Shares
03/21/2025 Morgan Stanley Australia Securities Limited Buy 14.44 (AUD) 2 Ordinary Shares
03/21/2025 Morgan Stanley Australia Securities Limited Buy 160.16 (AUD) 22 Ordinary Shares
03/21/2025 Morgan Stanley Australia Securities Limited Buy 174.24 (AUD) 24 Ordinary Shares
03/21/2025 Morgan Stanley Australia Securities Limited Buy 2,340.94 (AUD) 322 Ordinary Shares
03/21/2025 Morgan Stanley Australia Securities Limited Buy 2,369.25 (AUD) 325 Ordinary Shares
03/21/2025 Morgan Stanley Australia Securities Limited Buy 22,804.66 (AUD) 3,145 Ordinary Shares
03/21/2025 Morgan Stanley Australia Securities Limited Buy 22,804.66 (AUD) 3,145 Ordinary Shares
03/21/2025 Morgan Stanley Australia Securities Limited Buy 386.64 (AUD) 54 Ordinary Shares
03/21/2025 Morgan Stanley Australia Securities Limited Buy 399.30 (AUD) 55 Ordinary Shares
03/21/2025 Morgan Stanley Australia Securities Limited Buy 5,524.50 (AUD) 762 Ordinary Shares
03/21/2025 Morgan Stanley Australia Securities Limited Buy 516.17 (AUD) 71 Ordinary Shares
03/21/2025 Morgan Stanley Australia Securities Limited Buy 551.32 (AUD) 77 Ordinary Shares
03/21/2025 Morgan Stanley Australia Securities Limited Buy 554.04 (AUD) 76 Ordinary Shares
03/21/2025 Morgan Stanley Australia Securities Limited Buy 58,864.33 (AUD) 8,118 Ordinary Shares
03/21/2025 Morgan Stanley Australia Securities Limited Buy 632.92 (AUD) 87 Ordinary Shares
03/21/2025 Morgan Stanley Australia Securities Limited Buy 660.66 (AUD) 91 Ordinary Shares
03/21/2025 Morgan Stanley Australia Securities Limited Buy 7.25 (AUD) 1 Ordinary Share
03/21/2025 Morgan Stanley Australia Securities Limited Buy 7.28 (AUD) 1 Ordinary Share
03/21/2025 Morgan Stanley Australia Securities Limited Buy 990.08 (AUD) 136 Ordinary Shares
03/21/2025 Morgan Stanley Capital Services LLC Buy N/A 1,144 Swaps
03/21/2025 Morgan Stanley Capital Services LLC Buy N/A 1,363 Swaps
03/21/2025 Morgan Stanley Capital Services LLC Buy N/A 1,609 Swaps
03/21/2025 Morgan Stanley Capital Services LLC Buy N/A 12,000 Swaps
03/21/2025 Morgan Stanley Capital Services LLC Buy N/A 2,170 Swaps
03/21/2025 Morgan Stanley Capital Services LLC Buy N/A 2,267 Swaps
03/21/2025 Morgan Stanley Capital Services LLC Buy N/A 2,648 Swaps
03/21/2025 Morgan Stanley Capital Services LLC Buy N/A 200 Swaps
03/21/2025 Morgan Stanley Capital Services LLC Buy N/A 3,378 Swaps
03/21/2025 Morgan Stanley Capital Services LLC Buy N/A 49 Swaps
03/21/2025 Morgan Stanley Capital Services LLC Buy N/A 726 Swaps
03/21/2025 Morgan Stanley Capital Services LLC Buy N/A 9,315 Swaps
03/24/2025 Morgan Stanley & Co. International plc Borrow N/A 7,084 Ordinary Shares
03/24/2025 Morgan Stanley & Co. International plc Buy N/A 2,990 Swaps
03/24/2025 Morgan Stanley Australia Securities Limited Buy 1,267.20 (AUD) 176 Ordinary Shares
03/24/2025 Morgan Stanley Australia Securities Limited Buy 1,497.60 (AUD) 208 Ordinary Shares
03/24/2025 Morgan Stanley Australia Securities Limited Buy 11,980.80 (AUD) 1,664 Ordinary Shares
03/24/2025 Morgan Stanley Australia Securities Limited Buy 122.31 (AUD) 17 Ordinary Shares
03/24/2025 Morgan Stanley Australia Securities Limited Buy 14.47 (AUD) 2 Ordinary Shares
03/24/2025 Morgan Stanley Australia Securities Limited Buy 144.60 (AUD) 20 Ordinary Shares
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03/24/2025 Morgan Stanley Australia Securities Limited Buy 158.51 (AUD) 22 Ordinary Shares
03/24/2025 Morgan Stanley Australia Securities Limited Buy 172.56 (AUD) 24 Ordinary Shares
03/24/2025 Morgan Stanley Australia Securities Limited Buy 2,433.60 (AUD) 338 Ordinary Shares
03/24/2025 Morgan Stanley Australia Securities Limited Buy 246.50 (AUD) 34 Ordinary Shares
03/24/2025 Morgan Stanley Australia Securities Limited Buy 266.40 (AUD) 37 Ordinary Shares
03/24/2025 Morgan Stanley Australia Securities Limited Buy 377.00 (AUD) 52 Ordinary Shares
03/24/2025 Morgan Stanley Australia Securities Limited Buy 452.97 (AUD) 63 Ordinary Shares
03/24/2025 Morgan Stanley Australia Securities Limited Buy 488.57 (AUD) 68 Ordinary Shares
03/24/2025 Morgan Stanley Australia Securities Limited Buy 805.28 (AUD) 112 Ordinary Shares
03/24/2025 Morgan Stanley Australia Securities Limited Buy 807.52 (AUD) 112 Ordinary Shares
03/24/2025 Morgan Stanley Capital Services LLC Buy N/A 1,000 Swaps
03/24/2025 Morgan Stanley Capital Services LLC Buy N/A 1,006 Swaps
03/24/2025 Morgan Stanley Capital Services LLC Buy N/A 1,483 Swaps
03/24/2025 Morgan Stanley Capital Services LLC Buy N/A 4,878 Swaps
03/24/2025 Morgan Stanley Capital Services LLC Buy N/A 627 Swaps
03/24/2025 Morgan Stanley Capital Services LLC Buy N/A 8 Swaps
03/24/2025 Morgan Stanley Capital Services LLC Buy N/A 8,711 Swaps
03/24/2025 Morgan Stanley Capital Services LLC Buy N/A 98 Swaps
03/25/2025 Morgan Stanley & Co. International plc Borrow N/A 12,588 Ordinary Shares
03/25/2025 Morgan Stanley & Co. International plc Buy 1,385.86 175 Ordinary Shares
03/25/2025 Morgan Stanley & Co. International plc Buy 7,815.08 988 Ordinary Shares
03/25/2025 Morgan Stanley & Co. International plc Buy N/A 1,037 Swaps
03/25/2025 Morgan Stanley Australia Securities Limited Buy 1,016.61 (AUD) 141 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 1,031.03 (AUD) 143 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 1,301.40 (AUD) 180 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 1,377.11 (AUD) 191 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 1,595.62 (AUD) 221 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 10,750.11 (AUD) 1,491 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 108.30 (AUD) 15 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 11,455.20 (AUD) 1,591 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 11,768.60 (AUD) 1,630 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 115.20 (AUD) 16 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 121,252.68 (AUD) 16,794 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 14,254.17 (AUD) 1,977 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 165.83 (AUD) 23 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 187.46 (AUD) 26 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 2,105.32 (AUD) 292 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 2,131.20 (AUD) 296 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 2,217.60 (AUD) 308 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 2,503.60 (AUD) 347 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 3,027.26 (AUD) 419 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 3,114.72 (AUD) 432 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 3,626.95 (AUD) 502 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 3,847.46 (AUD) 534 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 302.40 (AUD) 42 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 338.40 (AUD) 47 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 36.05 (AUD) 5 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 397.65 (AUD) 55 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 4,401.13 (AUD) 610 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 497.49 (AUD) 69 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 5,047.00 (AUD) 700 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 504.35 (AUD) 70 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 556.32 (AUD) 77 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 620.92 (AUD) 86 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 628.14 (AUD) 87 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 64,720.08 (AUD) 8,964 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 662.86 (AUD) 92 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 67,340.94 (AUD) 9,327 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 670.53 (AUD) 93 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 685.42 (AUD) 95 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 7,205.56 (AUD) 998 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 7.22 (AUD) 1 Ordinary Share
03/25/2025 Morgan Stanley Australia Securities Limited Buy 706.58 (AUD) 98 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 72.20 (AUD) 10 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 772.54 (AUD) 107 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 799.20 (AUD) 111 Ordinary Shares
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03/25/2025 Morgan Stanley Australia Securities Limited Buy 8,440.18 (AUD) 1,169 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 819.25 (AUD) 113 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 821.94 (AUD) 114 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 839.84 (AUD) 116 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 86.64 (AUD) 12 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 873.62 (AUD) 121 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 888.06 (AUD) 123 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 9,014.40 (AUD) 1,252 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 943.20 (AUD) 131 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 950.40 (AUD) 132 Ordinary Shares
03/25/2025 Morgan Stanley Australia Securities Limited Buy 979.20 (AUD) 136 Ordinary Shares
03/25/2025 Morgan Stanley Capital Services LLC Buy N/A 1,691 Swaps
03/25/2025 Morgan Stanley Capital Services LLC Buy N/A 131 Swaps
03/25/2025 Morgan Stanley Capital Services LLC Buy N/A 24 Swaps
03/25/2025 Morgan Stanley Capital Services LLC Buy N/A 840 Swaps
03/26/2025 Morgan Stanley & Co. International plc Borrow N/A 27,937 Ordinary Shares
03/26/2025 Morgan Stanley & Co. International plc Buy 3,091.37 388 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 1,075.96 (AUD) 148 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 1,078.76 (AUD) 149 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 1,125.30 (AUD) 155 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 1,144.53 (AUD) 157 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 1,151.82 (AUD) 158 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 1,201.84 (AUD) 166 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 1,303.12 (AUD) 179 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 1,433.17 (AUD) 197 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 1,452.00 (AUD) 200 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 1,848.75 (AUD) 255 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 1,955.05 (AUD) 268 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 116.08 (AUD) 16 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 13,442.76 (AUD) 1,844 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 137.65 (AUD) 19 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 138.89 (AUD) 19 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 14.63 (AUD) 2 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 14.64 (AUD) 2 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 144.50 (AUD) 20 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 153.30 (AUD) 21 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 167.55 (AUD) 23 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 181.50 (AUD) 25 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 188.89 (AUD) 26 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 2,076.36 (AUD) 286 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 2,305.21 (AUD) 316 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 2,453.88 (AUD) 338 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 2,471.31 (AUD) 339 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 2,804.28 (AUD) 386 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 210.25 (AUD) 29 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 217.80 (AUD) 30 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 261.00 (AUD) 36 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 275.50 (AUD) 38 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 28.94 (AUD) 4 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 3,557.52 (AUD) 488 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 312.18 (AUD) 43 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 355.74 (AUD) 49 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 371.28 (AUD) 51 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 398.75 (AUD) 55 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 399.02 (AUD) 55 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 399.85 (AUD) 55 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 4,793.51 (AUD) 658 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 406.56 (AUD) 56 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 459.58 (AUD) 63 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 553.65 (AUD) 76 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 572.75 (AUD) 79 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 580.00 (AUD) 80 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 609.42 (AUD) 84 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 616.67 (AUD) 85 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 632.05 (AUD) 87 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 64,778.94 (AUD) 8,886 Ordinary Shares
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03/26/2025 Morgan Stanley Australia Securities Limited Buy 7.31 (AUD) 1 Ordinary Share
03/26/2025 Morgan Stanley Australia Securities Limited Buy 73.20 (AUD) 10 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 752.93 (AUD) 103 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 770.09 (AUD) 106 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 793.52 (AUD) 109 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 800.80 (AUD) 110 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 885.72 (AUD) 121 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 936.96 (AUD) 128 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 94.38 (AUD) 13 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 94.44 (AUD) 13 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 94.83 (AUD) 13 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 943.80 (AUD) 130 Ordinary Shares
03/26/2025 Morgan Stanley Australia Securities Limited Buy 958.26 (AUD) 131 Ordinary Shares
03/26/2025 Morgan Stanley Capital Services LLC Buy N/A 1,476 Swaps
03/26/2025 Morgan Stanley Capital Services LLC Buy N/A 2,000 Swaps
03/26/2025 Morgan Stanley Capital Services LLC Buy N/A 3,631 Swaps
03/26/2025 Morgan Stanley Capital Services LLC Buy N/A 529 Swaps
03/26/2025 Morgan Stanley Capital Services LLC Buy N/A 755 Swaps
03/27/2025 Morgan Stanley & Co. International plc Buy 2,076.51 259 Ordinary Shares
03/27/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 1 Ordinary Share
03/27/2025 Morgan Stanley Australia Securities Limited Buy 1,185.01 (AUD) 163 Ordinary Shares
03/27/2025 Morgan Stanley Australia Securities Limited Buy 1,812.72 (AUD) 249 Ordinary Shares
03/27/2025 Morgan Stanley Australia Securities Limited Buy 10,759.32 (AUD) 1,482 Ordinary Shares
03/27/2025 Morgan Stanley Australia Securities Limited Buy 108.75 (AUD) 15 Ordinary Shares
03/27/2025 Morgan Stanley Australia Securities Limited Buy 12,879.24 (AUD) 1,774 Ordinary Shares
03/27/2025 Morgan Stanley Australia Securities Limited Buy 122.74 (AUD) 17 Ordinary Shares
03/27/2025 Morgan Stanley Australia Securities Limited Buy 14.56 (AUD) 2 Ordinary Shares
03/27/2025 Morgan Stanley Australia Securities Limited Buy 145.30 (AUD) 20 Ordinary Shares
03/27/2025 Morgan Stanley Australia Securities Limited Buy 21.78 (AUD) 3 Ordinary Shares
03/27/2025 Morgan Stanley Australia Securities Limited Buy 291.20 (AUD) 40 Ordinary Shares
03/27/2025 Morgan Stanley Australia Securities Limited Buy 3,528.36 (AUD) 484 Ordinary Shares
03/27/2025 Morgan Stanley Australia Securities Limited Buy 50.75 (AUD) 7 Ordinary Shares
03/27/2025 Morgan Stanley Australia Securities Limited Buy 6,838.92 (AUD) 942 Ordinary Shares
03/27/2025 Morgan Stanley Australia Securities Limited Buy 685.26 (AUD) 94 Ordinary Shares
03/27/2025 Morgan Stanley Australia Securities Limited Buy 696.96 (AUD) 96 Ordinary Shares
03/27/2025 Morgan Stanley Australia Securities Limited Buy 7.29 (AUD) 1 Ordinary Share
03/27/2025 Morgan Stanley Australia Securities Limited Buy 772.74 (AUD) 106 Ordinary Shares
03/27/2025 Morgan Stanley Australia Securities Limited Buy 794.61 (AUD) 109 Ordinary Shares
03/27/2025 Morgan Stanley Australia Securities Limited Buy 86.76 (AUD) 12 Ordinary Shares
03/27/2025 Morgan Stanley Capital Services LLC Buy N/A 2,000 Swaps
03/27/2025 Morgan Stanley Capital Services LLC Buy N/A 2,403 Swaps
03/27/2025 Morgan Stanley Capital Services LLC Buy N/A 513 Swaps
03/27/2025 Morgan Stanley Capital Services LLC Buy N/A 560 Swaps
03/27/2025 Morgan Stanley Capital Services LLC Buy N/A 620 Swaps
03/27/2025 Morgan Stanley Capital Services LLC Buy N/A 7,822 Swaps
03/28/2025 Morgan Stanley & Co. International plc Borrow N/A 2,855 Ordinary Shares
03/28/2025 Morgan Stanley & Co. International plc Buy 1,047.49 129 Ordinary Shares
03/28/2025 Morgan Stanley & Co. International plc Buy 4,363.18 538 Ordinary Shares
03/28/2025 Morgan Stanley & Co. International plc Buy N/A 1,061 Swaps
03/28/2025 Morgan Stanley & Co. International plc Buy N/A 74 Swaps
03/28/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 1,885 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 1,516.16 (AUD) 206 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 1,540.33 (AUD) 209 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 1,541.24 (AUD) 212 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 1,609.65 (AUD) 219 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 1,739.00 (AUD) 235 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 11,032.89 (AUD) 1,497 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 132.30 (AUD) 18 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 133.02 (AUD) 18 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 139.84 (AUD) 19 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 14.74 (AUD) 2 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 146.40 (AUD) 20 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 148.00 (AUD) 20 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 169.28 (AUD) 23 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 2,247.85 (AUD) 305 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 2,409.99 (AUD) 327 Ordinary Shares
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03/28/2025 Morgan Stanley Australia Securities Limited Buy 21,594.10 (AUD) 2,930 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 222.27 (AUD) 31 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 3,128.68 (AUD) 428 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 3,456.53 (AUD) 469 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 3,528.24 (AUD) 482 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 3,714.12 (AUD) 513 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 390.61 (AUD) 53 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 398.79 (AUD) 54 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 399.06 (AUD) 54 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 487.74 (AUD) 66 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 499.80 (AUD) 68 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 516.60 (AUD) 70 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 532.08 (AUD) 72 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 575.64 (AUD) 78 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 7,785.90 (AUD) 1,055 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 706.56 (AUD) 96 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 81.40 (AUD) 11 Ordinary Shares
03/28/2025 Morgan Stanley Australia Securities Limited Buy 95.16 (AUD) 13 Ordinary Shares
03/28/2025 Morgan Stanley Capital Services LLC Buy N/A 1,733 Swaps
03/28/2025 Morgan Stanley Capital Services LLC Buy N/A 11,715 Swaps
03/28/2025 Morgan Stanley Capital Services LLC Buy N/A 13,178 Swaps
03/28/2025 Morgan Stanley Capital Services LLC Buy N/A 305 Swaps
03/28/2025 Morgan Stanley Capital Services LLC Buy N/A 465 Swaps
03/28/2025 Morgan Stanley Capital Services LLC Buy N/A 608 Swaps
03/28/2025 Morgan Stanley Capital Services LLC Buy N/A 711 Swaps
03/31/2025 Morgan Stanley & Co. International plc Borrow N/A 13,187 Ordinary Shares
03/31/2025 Morgan Stanley & Co. International plc Buy 649.07 80 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 1,212.75 (AUD) 165 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 1,218.44 (AUD) 166 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 1,403.85 (AUD) 191 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 1,536.15 (AUD) 209 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 1,677.42 (AUD) 229 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 109.80 (AUD) 15 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 110.02 (AUD) 15 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 116.88 (AUD) 16 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 117.12 (AUD) 16 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 117.20 (AUD) 16 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 132.03 (AUD) 18 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 132.12 (AUD) 18 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 15,277.90 (AUD) 2,090 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 18,413.89 (AUD) 2,519 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 183.50 (AUD) 25 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 190.32 (AUD) 26 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 197.91 (AUD) 27 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 2,247.24 (AUD) 307 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 2,496.60 (AUD) 342 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 205.24 (AUD) 28 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 205.80 (AUD) 28 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 22.05 (AUD) 3 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 234.24 (AUD) 32 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 235.20 (AUD) 32 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 294.00 (AUD) 40 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 3,552.66 (AUD) 486 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 336.94 (AUD) 46 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 36.55 (AUD) 5 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 37,675.74 (AUD) 5,154 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 4,029.66 (AUD) 549 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 425.14 (AUD) 58 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 432.76 (AUD) 59 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 441.00 (AUD) 60 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 468.16 (AUD) 64 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 5,064.15 (AUD) 689 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 51.17 (AUD) 7 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 586.40 (AUD) 80 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 602.70 (AUD) 82 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 637.71 (AUD) 87 Ordinary Shares
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03/31/2025 Morgan Stanley Australia Securities Limited Buy 645.92 (AUD) 88 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 658.80 (AUD) 90 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 7.35 (AUD) 1 Ordinary Share
03/31/2025 Morgan Stanley Australia Securities Limited Buy 7.36 (AUD) 1 Ordinary Share
03/31/2025 Morgan Stanley Australia Securities Limited Buy 747.66 (AUD) 102 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 790.56 (AUD) 108 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 868.70 (AUD) 119 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 87.78 (AUD) 12 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 9,364.87 (AUD) 1,275 Ordinary Shares
03/31/2025 Morgan Stanley Australia Securities Limited Buy 95.16 (AUD) 13 Ordinary Shares
03/31/2025 Morgan Stanley Capital Services LLC Buy N/A 1,397 Swaps
03/31/2025 Morgan Stanley Capital Services LLC Buy N/A 2,942 Swaps
03/31/2025 Morgan Stanley Capital Services LLC Buy N/A 59,868 Swaps
03/31/2025 Morgan Stanley Capital Services LLC Buy N/A 644 Swaps
04/01/2025 Morgan Stanley & Co. International plc Borrow N/A 32,761 Ordinary Shares
04/01/2025 Morgan Stanley & Co. International plc Buy 2,618.25 324 Ordinary Shares
04/01/2025 Morgan Stanley & Co. International plc Buy 693.72 (AUD) 94 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 1,036.35 (AUD) 141 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 1,036.35 (AUD) 141 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 1,111.12 (AUD) 152 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 1,160.51 (AUD) 158 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 1,197.20 (AUD) 164 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 1,263.69 (AUD) 171 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 1,278.47 (AUD) 173 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 1,339.52 (AUD) 182 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 1,363.38 (AUD) 186 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 1,396.71 (AUD) 189 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 1,486.72 (AUD) 202 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 1,759.04 (AUD) 239 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 1,803.18 (AUD) 246 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 10,730.52 (AUD) 1,454 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 10,981.44 (AUD) 1,488 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 11,689.92 (AUD) 1,584 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 138.51 (AUD) 19 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 160.49 (AUD) 22 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 160.60 (AUD) 22 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 160.71 (AUD) 22 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 161.37 (AUD) 22 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 161.81 (AUD) 22 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 190.84 (AUD) 26 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 197.23 (AUD) 27 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 198.31 (AUD) 27 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 2,587.20 (AUD) 352 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 2,605.44 (AUD) 354 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 2,843.59 (AUD) 389 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 213.15 (AUD) 29 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 214.31 (AUD) 29 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 330.52 (AUD) 45 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 336.72 (AUD) 46 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 344.73 (AUD) 47 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 358.19 (AUD) 49 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 362.60 (AUD) 49 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 38,228.40 (AUD) 5,180 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 394.46 (AUD) 54 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 396.36 (AUD) 54 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 404.25 (AUD) 55 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 469.76 (AUD) 64 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 508.53 (AUD) 69 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 521.85 (AUD) 71 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 538.01 (AUD) 73 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 565.18 (AUD) 77 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 565.56 (AUD) 77 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 605.90 (AUD) 83 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 619.65 (AUD) 85 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 649.44 (AUD) 88 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 682.62 (AUD) 93 Ordinary Shares
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04/01/2025 Morgan Stanley Australia Securities Limited Buy 684.01 (AUD) 93 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 685.41 (AUD) 93 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 7.31 (AUD) 1 Ordinary Share
04/01/2025 Morgan Stanley Australia Securities Limited Buy 716.38 (AUD) 98 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 872.02 (AUD) 118 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 88.56 (AUD) 12 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 933.45 (AUD) 127 Ordinary Shares
04/01/2025 Morgan Stanley Australia Securities Limited Buy 96.20 (AUD) 13 Ordinary Shares
04/01/2025 Morgan Stanley Capital Services LLC Buy N/A 1,645 Swaps
04/01/2025 Morgan Stanley Capital Services LLC Buy N/A 1,844 Swaps
04/01/2025 Morgan Stanley Capital Services LLC Buy N/A 2,078 Swaps
04/01/2025 Morgan Stanley Capital Services LLC Buy N/A 2,320 Swaps
04/01/2025 Morgan Stanley Capital Services LLC Buy N/A 208 Swaps
04/01/2025 Morgan Stanley Capital Services LLC Buy N/A 4,602 Swaps
04/01/2025 Morgan Stanley Capital Services LLC Buy N/A 6,149 Swaps
04/01/2025 Morgan Stanley Capital Services LLC Buy N/A 746 Swaps
04/01/2025 Morgan Stanley Capital Services LLC Buy N/A 801 Swaps
04/01/2025 Morgan Stanley Capital Services LLC Buy N/A 994 Swaps
04/02/2025 Morgan Stanley & Co. International plc Buy 2,115.47 262 Ordinary Shares
04/02/2025 Morgan Stanley & Co. International plc Buy 8.04 1 Ordinary Share
04/02/2025 Morgan Stanley & Co. International plc Buy N/A 73 Swaps
04/02/2025 Morgan Stanley & Co. International plc Buy N/A 905 Swaps
04/02/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 25,159 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 1,021.65 (AUD) 139 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 1,117.20 (AUD) 152 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 1,139.60 (AUD) 154 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 1,181.74 (AUD) 161 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 1,221.00 (AUD) 165 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 1,255.14 (AUD) 171 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 1,306.52 (AUD) 178 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 1,318.50 (AUD) 180 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 1,481.67 (AUD) 202 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 1,647.00 (AUD) 225 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 1,800.75 (AUD) 245 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 1,889.84 (AUD) 258 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 110.70 (AUD) 15 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 117.44 (AUD) 16 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 124.61 (AUD) 17 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 125.63 (AUD) 17 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 13,201.33 (AUD) 1,801 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 133.56 (AUD) 18 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 14.66 (AUD) 2 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 146.60 (AUD) 20 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 154.45 (AUD) 21 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 163.02 (AUD) 22 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 176.04 (AUD) 24 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 183.25 (AUD) 25 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 2,144.74 (AUD) 292 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 212.28 (AUD) 29 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 223.80 (AUD) 30 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 230.02 (AUD) 31 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 242.22 (AUD) 33 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 242.55 (AUD) 33 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 256.20 (AUD) 35 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 264.42 (AUD) 36 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 278.35 (AUD) 38 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 286.26 (AUD) 39 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 3,714.04 (AUD) 506 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 3,738.30 (AUD) 510 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 322.08 (AUD) 44 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 330.75 (AUD) 45 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 367.00 (AUD) 50 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 373.57 (AUD) 51 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 4,033.32 (AUD) 551 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 4,376.01 (AUD) 597 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 4,869.01 (AUD) 662 Ordinary Shares
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04/02/2025 Morgan Stanley Australia Securities Limited Buy 48,993.72 (AUD) 6,684 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 484.77 (AUD) 66 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 5,504.83 (AUD) 751 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 5,937.30 (AUD) 810 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 519.72 (AUD) 71 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 542.42 (AUD) 74 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 544.27 (AUD) 74 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 581.44 (AUD) 79 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 593.73 (AUD) 81 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 600.21 (AUD) 81 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 601.06 (AUD) 82 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 607.97 (AUD) 83 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 610.88 (AUD) 83 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 614.88 (AUD) 84 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 622.62 (AUD) 85 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 63,778.33 (AUD) 8,701 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 630.38 (AUD) 86 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 663.05 (AUD) 89 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 695.87 (AUD) 95 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 7.33 (AUD) 1 Ordinary Share
04/02/2025 Morgan Stanley Australia Securities Limited Buy 7.33 (AUD) 1 Ordinary Share
04/02/2025 Morgan Stanley Australia Securities Limited Buy 7.34 (AUD) 1 Ordinary Share
04/02/2025 Morgan Stanley Australia Securities Limited Buy 741.34 (AUD) 101 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 754.99 (AUD) 103 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 764.40 (AUD) 104 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 795.01 (AUD) 107 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 8,048.34 (AUD) 1,098 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 80.90 (AUD) 11 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 807.40 (AUD) 110 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 813.07 (AUD) 111 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 823.20 (AUD) 112 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 848.70 (AUD) 115 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 852.60 (AUD) 116 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 87,894.03 (AUD) 11,991 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 929.64 (AUD) 127 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 95.81 (AUD) 13 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 953.54 (AUD) 130 Ordinary Shares
04/02/2025 Morgan Stanley Australia Securities Limited Buy 975.55 (AUD) 133 Ordinary Shares
04/02/2025 Morgan Stanley Capital Services LLC Buy N/A 1,477 Swaps
04/02/2025 Morgan Stanley Capital Services LLC Buy N/A 10,732 Swaps
04/02/2025 Morgan Stanley Capital Services LLC Buy N/A 332 Swaps
04/02/2025 Morgan Stanley Capital Services LLC Buy N/A 391 Swaps
04/03/2025 Morgan Stanley & Co. International plc Borrow N/A 31,450 Ordinary Shares
04/03/2025 Morgan Stanley & Co. International plc Buy 1,318.13 164 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 1,220.77 (AUD) 167 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 1,331.25 (AUD) 181 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 1,526.72 (AUD) 208 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 1,585.44 (AUD) 216 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 1,639.68 (AUD) 224 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 1,814.20 (AUD) 247 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 1,906.24 (AUD) 259 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 10,642.80 (AUD) 1,448 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 110.25 (AUD) 15 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 117.52 (AUD) 16 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 124.95 (AUD) 17 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 125.12 (AUD) 17 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 132.48 (AUD) 18 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 139.84 (AUD) 19 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 14.63 (AUD) 2 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 14.66 (AUD) 2 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 146.90 (AUD) 20 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 176.16 (AUD) 24 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 176.40 (AUD) 24 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 2,106.58 (AUD) 287 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 22.02 (AUD) 3 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 22.02 (AUD) 3 Ordinary Shares
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04/03/2025 Morgan Stanley Australia Securities Limited Buy 22.05 (AUD) 3 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 248.20 (AUD) 34 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 271.95 (AUD) 37 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 272.32 (AUD) 37 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 29.32 (AUD) 4 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 29.44 (AUD) 4 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 3,581.92 (AUD) 488 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 3,650.45 (AUD) 497 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 301.35 (AUD) 41 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 315.83 (AUD) 43 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 36.70 (AUD) 5 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 36.80 (AUD) 5 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 360.15 (AUD) 49 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 37,624.84 (AUD) 5,126 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 4,084.56 (AUD) 558 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 4,138.05 (AUD) 563 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 41,228.78 (AUD) 5,617 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 410.76 (AUD) 56 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 411.60 (AUD) 56 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 411.87 (AUD) 56 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 462.42 (AUD) 63 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 468.16 (AUD) 64 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 485.10 (AUD) 66 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 5,130.66 (AUD) 699 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 51.38 (AUD) 7 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 521.85 (AUD) 71 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 528.83 (AUD) 72 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 594.13 (AUD) 81 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 610.46 (AUD) 83 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 646.80 (AUD) 88 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 66.15 (AUD) 9 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 674.36 (AUD) 92 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 699.20 (AUD) 95 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 7,109.76 (AUD) 966 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 7,492.32 (AUD) 1,032 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 7,626.26 (AUD) 1,039 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 7,796.29 (AUD) 1,060 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 7.35 (AUD) 1 Ordinary Share
04/03/2025 Morgan Stanley Australia Securities Limited Buy 711.01 (AUD) 97 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 72,049.44 (AUD) 9,816 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 73.40 (AUD) 10 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 735.00 (AUD) 100 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 753.44 (AUD) 103 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 756.02 (AUD) 103 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 8,044.08 (AUD) 1,108 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 80.74 (AUD) 11 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 80.85 (AUD) 11 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 80.96 (AUD) 11 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 808.50 (AUD) 110 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 828.85 (AUD) 113 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 831.11 (AUD) 113 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 844.10 (AUD) 115 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 864.94 (AUD) 118 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 88.08 (AUD) 12 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 930.91 (AUD) 127 Ordinary Shares
04/03/2025 Morgan Stanley Australia Securities Limited Buy 940.80 (AUD) 128 Ordinary Shares
04/03/2025 Morgan Stanley Capital Services LLC Buy N/A 1,392 Swaps
04/03/2025 Morgan Stanley Capital Services LLC Buy N/A 47 Swaps
04/03/2025 Morgan Stanley Capital Services LLC Buy N/A 504 Swaps
04/03/2025 Morgan Stanley Capital Services LLC Buy N/A 55 Swaps
04/03/2025 Morgan Stanley Capital Services LLC Buy N/A 6,140 Swaps
04/03/2025 Morgan Stanley Capital Services LLC Buy N/A 69 Swaps
04/04/2025 Morgan Stanley & Co. International plc Buy 1,036.56 128 Ordinary Shares
04/04/2025 Morgan Stanley & Co. International plc Buy 1,954.82 242 Ordinary Shares
04/04/2025 Morgan Stanley & Co. International plc Collateral Received N/A 21,741 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 1,000.10 (AUD) 137 Ordinary Shares
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04/04/2025 Morgan Stanley Australia Securities Limited Buy 1,001.47 (AUD) 137 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 1,119.96 (AUD) 153 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 1,195.56 (AUD) 162 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 1,748.76 (AUD) 236 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 10,406.44 (AUD) 1,412 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 103.46 (AUD) 14 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 117.52 (AUD) 16 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 118.72 (AUD) 16 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 118.72 (AUD) 16 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 125.46 (AUD) 17 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 132.93 (AUD) 18 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 14,086.41 (AUD) 1,901 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 14.82 (AUD) 2 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 140.41 (AUD) 19 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 140.60 (AUD) 19 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 146.60 (AUD) 20 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 15,331.29 (AUD) 2,069 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 177.24 (AUD) 24 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 183.25 (AUD) 25 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 184.50 (AUD) 25 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 191.10 (AUD) 26 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 2,712.06 (AUD) 366 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 206.08 (AUD) 28 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 207.90 (AUD) 28 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 21,822.45 (AUD) 2,945 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 214.74 (AUD) 29 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 22.18 (AUD) 3 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 22.26 (AUD) 3 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 227.69 (AUD) 31 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 237.76 (AUD) 32 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 258.30 (AUD) 35 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 26,794.56 (AUD) 3,616 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 280.44 (AUD) 38 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 29.68 (AUD) 4 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 3,195.54 (AUD) 433 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 325.82 (AUD) 44 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 331.65 (AUD) 45 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 334.35 (AUD) 45 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 341.55 (AUD) 46 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 348.74 (AUD) 47 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 352.32 (AUD) 48 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 353.28 (AUD) 48 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 363.58 (AUD) 49 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 37.00 (AUD) 5 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 37.15 (AUD) 5 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 454.46 (AUD) 62 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 51.62 (AUD) 7 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 511.98 (AUD) 69 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 523.98 (AUD) 71 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 546.86 (AUD) 74 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 547.60 (AUD) 74 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 579.54 (AUD) 78 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 59.08 (AUD) 8 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 593.60 (AUD) 80 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 595.35 (AUD) 81 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 638.12 (AUD) 86 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 661.50 (AUD) 90 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 7,587.84 (AUD) 1,024 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 7.42 (AUD) 1 Ordinary Share
04/04/2025 Morgan Stanley Australia Securities Limited Buy 773.24 (AUD) 104 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 8,432.58 (AUD) 1,138 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 906.46 (AUD) 122 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 936.18 (AUD) 126 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 95.61 (AUD) 13 Ordinary Shares
04/04/2025 Morgan Stanley Australia Securities Limited Buy 970.71 (AUD) 131 Ordinary Shares
04/04/2025 Morgan Stanley Capital Services LLC Buy N/A 11,462 Swaps
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04/04/2025 Morgan Stanley Capital Services LLC Buy N/A 265 Swaps
04/04/2025 Morgan Stanley Capital Services LLC Buy N/A 3,574 Swaps
04/04/2025 Morgan Stanley Capital Services LLC Buy N/A 5,781 Swaps
04/04/2025 Morgan Stanley Capital Services LLC Buy N/A 6,289 Swaps
04/07/2025 Morgan Stanley & Co. International plc Buy 22,626.66 (AUD) 3,149 Ordinary Shares
04/07/2025 Morgan Stanley & Co. International plc Buy 352.97 45 Ordinary Shares
04/07/2025 Morgan Stanley & Co. International plc Buy N/A 1,887 Swaps
04/07/2025 Morgan Stanley & Co. International plc Buy N/A 78 Swaps
04/07/2025 Morgan Stanley & Co. International plc Buy N/A 929 Swaps
04/07/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 24,695 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 1,037.47 (AUD) 145 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 1,240.46 (AUD) 169 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 1,241.84 (AUD) 172 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 1,250.79 (AUD) 173 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 1,308.49 (AUD) 179 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 1,310.08 (AUD) 184 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 1,369.47 (AUD) 191 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 1,374.72 (AUD) 192 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 1,418.87 (AUD) 199 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 1,453.48 (AUD) 203 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 1,471.90 (AUD) 205 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 1,539.40 (AUD) 215 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 1,585.53 (AUD) 223 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 1,599.36 (AUD) 224 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 1,638.94 (AUD) 227 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 1,665.95 (AUD) 233 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 1,782.37 (AUD) 245 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 1,822.13 (AUD) 257 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 1,839.54 (AUD) 258 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 1,985.20 (AUD) 280 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 106.65 (AUD) 15 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 106.80 (AUD) 15 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 106.95 (AUD) 15 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 11,301.05 (AUD) 1,585 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 114.56 (AUD) 16 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 121.21 (AUD) 17 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 122.40 (AUD) 17 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 135,687.35 (AUD) 18,850 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 135.09 (AUD) 19 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 14.44 (AUD) 2 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 144.80 (AUD) 20 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 152.46 (AUD) 21 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 160.82 (AUD) 22 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 17,062.09 (AUD) 2,393 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 178.87 (AUD) 25 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 197.91 (AUD) 27 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 2,022.10 (AUD) 277 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 2,067.78 (AUD) 286 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 2,096.38 (AUD) 286 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 2,120.58 (AUD) 297 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 2,137.10 (AUD) 301 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 2,166.00 (AUD) 304 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 2,175.12 (AUD) 304 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 2,228.56 (AUD) 313 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 2,292.64 (AUD) 322 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 2,307.90 (AUD) 314 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 2,321.12 (AUD) 326 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 2,356.20 (AUD) 330 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 2,367.63 (AUD) 333 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 2,402.40 (AUD) 330 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 2,414.00 (AUD) 340 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 2,467.40 (AUD) 338 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 2,485.89 (AUD) 341 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 2,495.50 (AUD) 350 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 2,506.14 (AUD) 351 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 2,659.14 (AUD) 374 Ordinary Shares
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04/07/2025 Morgan Stanley Australia Securities Limited Buy 2,914.56 (AUD) 396 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 21.39 (AUD) 3 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 24,719.71 (AUD) 3,467 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 255.60 (AUD) 36 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 269.42 (AUD) 38 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 28.52 (AUD) 4 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 3,111.98 (AUD) 438 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 3,119.60 (AUD) 440 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 3,136.08 (AUD) 438 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 3,716.64 (AUD) 522 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 3,810.21 (AUD) 527 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 303.24 (AUD) 42 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 319.50 (AUD) 45 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 322.96 (AUD) 44 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 340.28 (AUD) 47 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 35.60 (AUD) 5 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 35.85 (AUD) 5 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 356.00 (AUD) 50 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 36.05 (AUD) 5 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 366.69 (AUD) 51 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 369.20 (AUD) 52 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 386.10 (AUD) 54 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 394.74 (AUD) 54 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 4,115.36 (AUD) 578 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 4,149.31 (AUD) 563 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 4,300.56 (AUD) 594 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 4,342.17 (AUD) 609 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 40,954.72 (AUD) 5,744 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 412.68 (AUD) 57 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 42.72 (AUD) 6 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 439.81 (AUD) 61 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 443.30 (AUD) 62 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 458.88 (AUD) 64 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 462.72 (AUD) 64 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 495.04 (AUD) 68 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 5,154.99 (AUD) 723 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 504.81 (AUD) 71 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 518.40 (AUD) 72 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 526.14 (AUD) 74 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 556.92 (AUD) 78 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 59,927.65 (AUD) 8,405 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 593.45 (AUD) 83 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 594.69 (AUD) 83 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 602.58 (AUD) 83 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 622.48 (AUD) 87 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 625.53 (AUD) 87 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 626.56 (AUD) 88 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 63.72 (AUD) 9 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 643.50 (AUD) 90 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 65.56 (AUD) 9 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 653.40 (AUD) 90 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 66.33 (AUD) 9 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 683.05 (AUD) 95 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 684.48 (AUD) 93 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 7,258.98 (AUD) 1,011 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 7.11 (AUD) 1 Ordinary Share
04/07/2025 Morgan Stanley Australia Securities Limited Buy 7.16 (AUD) 1 Ordinary Share
04/07/2025 Morgan Stanley Australia Securities Limited Buy 7.17 (AUD) 1 Ordinary Share
04/07/2025 Morgan Stanley Australia Securities Limited Buy 7.23 (AUD) 1 Ordinary Share
04/07/2025 Morgan Stanley Australia Securities Limited Buy 72.50 (AUD) 10 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 786.99 (AUD) 111 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 79.97 (AUD) 11 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 79.97 (AUD) 11 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 794.76 (AUD) 111 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 795.30 (AUD) 110 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 83,278.40 (AUD) 11,680 Ordinary Shares
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04/07/2025 Morgan Stanley Australia Securities Limited Buy 84.96 (AUD) 12 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 852.04 (AUD) 119 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 86.28 (AUD) 12 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 890.60 (AUD) 122 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 907.50 (AUD) 125 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 957.15 (AUD) 135 Ordinary Shares
04/07/2025 Morgan Stanley Australia Securities Limited Buy 998.28 (AUD) 141 Ordinary Shares
04/07/2025 Morgan Stanley Capital Services LLC Buy N/A 208 Swaps
04/07/2025 Morgan Stanley Capital Services LLC Buy N/A 260 Swaps
04/07/2025 Morgan Stanley Capital Services LLC Buy N/A 3,415 Swaps
04/07/2025 Morgan Stanley Capital Services LLC Buy N/A 6,064 Swaps
04/08/2025 Morgan Stanley & Co. International plc Borrow N/A 8,329 Ordinary Shares
04/08/2025 Morgan Stanley & Co. International plc Buy 110.25 14 Ordinary Shares
04/08/2025 Morgan Stanley & Co. International plc Buy 25,922.23 (AUD) 3,576 Ordinary Shares
04/08/2025 Morgan Stanley & Co. International plc Buy 3,879.74 (AUD) 535 Ordinary Shares
04/08/2025 Morgan Stanley & Co. International plc Buy N/A 1,489 Swaps
04/08/2025 Morgan Stanley & Co. International plc Buy N/A 45 Swaps
04/08/2025 Morgan Stanley & Co. International plc Buy N/A 734 Swaps
04/08/2025 Morgan Stanley & Co. International plc Collateral Received N/A 233,106 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 1,042.56 (AUD) 144 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 1,116.00 (AUD) 155 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 1,140.76 (AUD) 158 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 1,286.56 (AUD) 176 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 1,332.00 (AUD) 185 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 1,374.28 (AUD) 188 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 1,410.38 (AUD) 194 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 1,495.32 (AUD) 204 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 1,496.61 (AUD) 207 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 1,715.50 (AUD) 235 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 1,752.00 (AUD) 240 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 1,790.95 (AUD) 245 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 102.48 (AUD) 14 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 115.76 (AUD) 16 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 124.10 (AUD) 17 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 13,833.49 (AUD) 1,877 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 14,319.91 (AUD) 1,943 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 175.68 (AUD) 24 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 183.00 (AUD) 25 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 2,609.67 (AUD) 357 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 2,734.27 (AUD) 371 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 262.44 (AUD) 36 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 269.36 (AUD) 37 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 279.30 (AUD) 38 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 29.40 (AUD) 4 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 3,944.70 (AUD) 540 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 311.32 (AUD) 43 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 329.40 (AUD) 45 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 338.33 (AUD) 46 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 363.00 (AUD) 50 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 374.59 (AUD) 51 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 379.85 (AUD) 52 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 385.31 (AUD) 53 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 440.10 (AUD) 60 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 471.04 (AUD) 64 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 499.12 (AUD) 68 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 501.63 (AUD) 69 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 51.59 (AUD) 7 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 532.17 (AUD) 73 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 538.01 (AUD) 73 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 539.46 (AUD) 74 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 547.20 (AUD) 76 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 591.30 (AUD) 81 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 632.10 (AUD) 86 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 634.23 (AUD) 87 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 635.97 (AUD) 87 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 642.58 (AUD) 89 Ordinary Shares
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04/08/2025 Morgan Stanley Australia Securities Limited Buy 644.16 (AUD) 88 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 644.36 (AUD) 89 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 645.25 (AUD) 89 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 65.88 (AUD) 9 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 662.48 (AUD) 91 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 665.21 (AUD) 91 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 671.14 (AUD) 92 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 675.28 (AUD) 92 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 686.20 (AUD) 94 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 7.30 (AUD) 1 Ordinary Share
04/08/2025 Morgan Stanley Australia Securities Limited Buy 782.17 (AUD) 107 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 798.60 (AUD) 110 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 802.24 (AUD) 109 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 857.99 (AUD) 119 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 890.56 (AUD) 121 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 94.38 (AUD) 13 Ordinary Shares
04/08/2025 Morgan Stanley Australia Securities Limited Buy 940.80 (AUD) 128 Ordinary Shares
04/08/2025 Morgan Stanley Capital Services LLC Buy N/A 120 Swaps
04/08/2025 Morgan Stanley Capital Services LLC Buy N/A 150 Swaps
04/08/2025 Morgan Stanley Capital Services LLC Buy N/A 2,433 Swaps
04/08/2025 Morgan Stanley Capital Services LLC Buy N/A 307 Swaps
04/08/2025 Morgan Stanley Capital Services LLC Buy N/A 380 Swaps
04/08/2025 Morgan Stanley Capital Services LLC Buy N/A 4,719 Swaps
04/08/2025 Morgan Stanley Capital Services LLC Buy N/A 4,786 Swaps
04/08/2025 Morgan Stanley Capital Services LLC Buy N/A 5,324 Swaps
04/09/2025 Morgan Stanley & Co. International plc Buy 1,553.31 198 Ordinary Shares
04/09/2025 Morgan Stanley & Co. International plc Buy 11,076.00 1,420 Ordinary Shares
04/09/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 196,704 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 1,120.65 (AUD) 155 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 1,196.86 (AUD) 166 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 1,247.00 (AUD) 172 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 1,261.17 (AUD) 173 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 1,261.17 (AUD) 173 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 1,368.36 (AUD) 189 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 1,434.00 (AUD) 200 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 1,533.60 (AUD) 213 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 1,595.00 (AUD) 220 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 1,601.14 (AUD) 223 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 1,732.72 (AUD) 242 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 1,747.17 (AUD) 243 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 1,837.55 (AUD) 257 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 1,855.54 (AUD) 257 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 1,857.60 (AUD) 258 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 11,903.71 (AUD) 1,651 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 115.92 (AUD) 16 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 116.00 (AUD) 16 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 116.64 (AUD) 16 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 136.23 (AUD) 19 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 137.56 (AUD) 19 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 137.75 (AUD) 19 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 14.56 (AUD) 2 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 15,797.11 (AUD) 2,191 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 159.28 (AUD) 22 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 159.94 (AUD) 22 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 166.29 (AUD) 23 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 180.50 (AUD) 25 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 2,005.48 (AUD) 277 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 2,040.06 (AUD) 281 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 2,207.04 (AUD) 304 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 2,367.48 (AUD) 327 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 2,399.75 (AUD) 331 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 2,413.64 (AUD) 332 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 2,442.72 (AUD) 336 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 2,660.64 (AUD) 368 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 233.28 (AUD) 32 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 247.52 (AUD) 34 Ordinary Shares
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04/09/2025 Morgan Stanley Australia Securities Limited Buy 247.52 (AUD) 34 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 259.56 (AUD) 36 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 3,405.33 (AUD) 471 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 3,970.54 (AUD) 553 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 31,659.11 (AUD) 4,391 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 320.32 (AUD) 44 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 350.84 (AUD) 49 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 352.80 (AUD) 49 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 37,628.99 (AUD) 5,219 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 4,239.48 (AUD) 588 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 4,371.52 (AUD) 608 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 4,590.16 (AUD) 634 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 4,987.22 (AUD) 686 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 404.88 (AUD) 56 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 43,649.34 (AUD) 6,054 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 43.20 (AUD) 6 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 475.20 (AUD) 66 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 48,876.59 (AUD) 6,779 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 50.82 (AUD) 7 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 515.46 (AUD) 71 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 583.20 (AUD) 80 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 6,187.69 (AUD) 860 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 606.48 (AUD) 84 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 614.90 (AUD) 86 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 626.08 (AUD) 86 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 638.88 (AUD) 88 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 651.60 (AUD) 90 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 671.46 (AUD) 93 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 675.18 (AUD) 93 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 7.26 (AUD) 1 Ordinary Share
04/09/2025 Morgan Stanley Australia Securities Limited Buy 705.19 (AUD) 97 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 746.75 (AUD) 103 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 760.02 (AUD) 106 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 792.43 (AUD) 109 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 853.14 (AUD) 118 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 9,201.92 (AUD) 1,264 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 916.02 (AUD) 126 Ordinary Shares
04/09/2025 Morgan Stanley Australia Securities Limited Buy 980.77 (AUD) 135 Ordinary Shares
04/09/2025 Morgan Stanley Capital Services LLC Buy N/A 14,763 Swaps
04/09/2025 Morgan Stanley Capital Services LLC Buy N/A 2,265 Swaps
04/09/2025 Morgan Stanley Capital Services LLC Buy N/A 4,621 Swaps
04/09/2025 Morgan Stanley Capital Services LLC Buy N/A 49 Swaps
04/09/2025 Morgan Stanley Capital Services LLC Buy N/A 61 Swaps
04/10/2025 Morgan Stanley & Co. International plc Borrow N/A 13,283 Ordinary Shares
04/10/2025 Morgan Stanley & Co. International plc Buy 1,552.89 (AUD) 207 Ordinary Shares
04/10/2025 Morgan Stanley & Co. International plc Buy 133,040.84 (AUD) 17,623 Ordinary Shares
04/10/2025 Morgan Stanley & Co. International plc Buy 244.02 30 Ordinary Shares
04/10/2025 Morgan Stanley & Co. International plc Buy 4,341.60 536 Ordinary Shares
04/10/2025 Morgan Stanley & Co. International plc Buy 57.23 7 Ordinary Shares
04/10/2025 Morgan Stanley & Co. International plc Buy N/A 37 Swaps
04/10/2025 Morgan Stanley & Co. International plc Buy N/A 376 Swaps
04/10/2025 Morgan Stanley & Co. International plc Buy N/A 764 Swaps
04/10/2025 Morgan Stanley & Co. International plc Buy N/A 864 Swaps
04/10/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 5,794 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 1,053.27 (AUD) 141 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 1,230.90 (AUD) 165 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 1,284.84 (AUD) 172 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 1,411.88 (AUD) 188 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 1,457.28 (AUD) 192 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 1,513.68 (AUD) 204 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 1,527.96 (AUD) 204 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 1,563.32 (AUD) 209 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 1,892.30 (AUD) 254 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 111.45 (AUD) 15 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 119.68 (AUD) 16 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 120.48 (AUD) 16 Ordinary Shares
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04/10/2025 Morgan Stanley Australia Securities Limited Buy 174.34 (AUD) 23 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 197.08 (AUD) 26 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 2,175.00 (AUD) 290 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 2,388.24 (AUD) 321 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 2,394.54 (AUD) 318 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 2,481.60 (AUD) 330 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 2,916.48 (AUD) 392 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 22,447.14 (AUD) 3,009 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 261.10 (AUD) 35 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 261.27 (AUD) 35 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 275.65 (AUD) 37 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 282.53 (AUD) 38 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 3,100.86 (AUD) 414 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 37.45 (AUD) 5 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 381.48 (AUD) 51 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 4,532.88 (AUD) 606 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 4,599.17 (AUD) 619 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 4,610.28 (AUD) 618 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 4,679.76 (AUD) 629 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 4,998.20 (AUD) 670 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 46,587.70 (AUD) 6,245 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 558.75 (AUD) 75 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 561.66 (AUD) 74 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 592.02 (AUD) 78 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 608.44 (AUD) 82 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 646.00 (AUD) 85 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 656.48 (AUD) 88 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 66.87 (AUD) 9 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 663.94 (AUD) 89 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 684.32 (AUD) 91 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 685.68 (AUD) 91 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 691.92 (AUD) 93 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 694.24 (AUD) 93 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 698.42 (AUD) 94 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 704.94 (AUD) 93 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 706.88 (AUD) 94 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 707.75 (AUD) 95 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 766.02 (AUD) 102 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 858.80 (AUD) 113 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 933.57 (AUD) 123 Ordinary Shares
04/10/2025 Morgan Stanley Australia Securities Limited Buy 96.46 (AUD) 13 Ordinary Shares
04/10/2025 Morgan Stanley Capital Services LLC Buy N/A 1,017 Swaps
04/10/2025 Morgan Stanley Capital Services LLC Buy N/A 1,411 Swaps
04/10/2025 Morgan Stanley Capital Services LLC Buy N/A 1,513 Swaps
04/10/2025 Morgan Stanley Capital Services LLC Buy N/A 103 Swaps
04/10/2025 Morgan Stanley Capital Services LLC Buy N/A 2,516 Swaps
04/10/2025 Morgan Stanley Capital Services LLC Buy N/A 227 Swaps
04/10/2025 Morgan Stanley Capital Services LLC Buy N/A 3,411 Swaps
04/10/2025 Morgan Stanley Capital Services LLC Buy N/A 4,186 Swaps
04/10/2025 Morgan Stanley Capital Services LLC Buy N/A 50 Swaps
04/10/2025 Morgan Stanley Capital Services LLC Buy N/A 539 Swaps
04/10/2025 Morgan Stanley Capital Services LLC Buy N/A 62 Swaps
04/10/2025 Morgan Stanley Capital Services LLC Buy N/A 923 Swaps
04/11/2025 Morgan Stanley & Co. International plc Buy 210.42 26 Ordinary Shares
04/11/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 4,180,380 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 1,011.15 (AUD) 135 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 1,129.36 (AUD) 152 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 1,201.06 (AUD) 161 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 1,234.20 (AUD) 165 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 1,341.00 (AUD) 180 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 1,507.50 (AUD) 201 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 1,543.36 (AUD) 208 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 1,545.44 (AUD) 208 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 1,556.10 (AUD) 210 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 1,621.92 (AUD) 218 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 1,665.81 (AUD) 223 Ordinary Shares
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04/11/2025 Morgan Stanley Australia Securities Limited Buy 1,697.96 (AUD) 227 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 1,715.21 (AUD) 229 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 1,780.80 (AUD) 240 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 1,847.46 (AUD) 246 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 141.17 (AUD) 19 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 142.50 (AUD) 19 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 18,285.00 (AUD) 2,438 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 187.37 (AUD) 25 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 2,050.23 (AUD) 273 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 2,411.78 (AUD) 322 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 2,557.50 (AUD) 341 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 208.32 (AUD) 28 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 217.35 (AUD) 29 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 22.35 (AUD) 3 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 262.50 (AUD) 35 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 3,135.00 (AUD) 418 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 3,625.56 (AUD) 486 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 3,809.70 (AUD) 510 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 3,955.95 (AUD) 531 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 4,186.91 (AUD) 559 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 59,865.00 (AUD) 7,982 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 659.56 (AUD) 88 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 7.52 (AUD) 1 Ordinary Share
04/11/2025 Morgan Stanley Australia Securities Limited Buy 711.55 (AUD) 95 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 845.24 (AUD) 113 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 89.82 (AUD) 12 Ordinary Shares
04/11/2025 Morgan Stanley Australia Securities Limited Buy 97.50 (AUD) 13 Ordinary Shares
04/11/2025 Morgan Stanley Capital Services LLC Buy N/A 238 Swaps
04/11/2025 Morgan Stanley Capital Services LLC Buy N/A 29,474 Swaps
04/11/2025 Morgan Stanley Capital Services LLC Buy N/A 3,547 Swaps
04/11/2025 Morgan Stanley Capital Services LLC Buy N/A 3,569 Swaps
04/11/2025 Morgan Stanley Capital Services LLC Buy N/A 6,396 Swaps
04/11/2025 Morgan Stanley Capital Services LLC Buy N/A 918 Swaps
04/11/2025 Morgan Stanley Capital Services LLC Buy N/A 96 Swaps
04/14/2025 Morgan Stanley & Co. International plc Borrow N/A 5,498 Ordinary Shares
04/14/2025 Morgan Stanley & Co. International plc Collateral Received N/A 4,372,020 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 1,074.96 (AUD) 144 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 1,107.81 (AUD) 149 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 1,273.30 (AUD) 170 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 1,331.44 (AUD) 178 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 1,544.22 (AUD) 207 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 1,583.64 (AUD) 212 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 11,361.25 (AUD) 1,525 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 126.48 (AUD) 17 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 132,724.78 (AUD) 17,786 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 14.88 (AUD) 2 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 14.92 (AUD) 2 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 16,665.60 (AUD) 2,240 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 19,918.20 (AUD) 2,670 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 2,158.83 (AUD) 289 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 2,370.17 (AUD) 319 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 2,451.05 (AUD) 329 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 2,648.30 (AUD) 355 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 2,909.40 (AUD) 390 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 201.55 (AUD) 27 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 28,064.52 (AUD) 3,762 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 290.55 (AUD) 39 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 3,088.44 (AUD) 414 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 3,288.48 (AUD) 442 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 336.15 (AUD) 45 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 378.93 (AUD) 51 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 397.50 (AUD) 53 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 4,060.25 (AUD) 545 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 407.16 (AUD) 54 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 5,639.37 (AUD) 759 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 503.84 (AUD) 67 Ordinary Shares
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04/14/2025 Morgan Stanley Australia Securities Limited Buy 6,034.50 (AUD) 810 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 6,182.64 (AUD) 831 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 6,805.88 (AUD) 916 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 625.80 (AUD) 84 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 67,699.50 (AUD) 9,075 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 7.43 (AUD) 1 Ordinary Share
04/14/2025 Morgan Stanley Australia Securities Limited Buy 7.44 (AUD) 1 Ordinary Share
04/14/2025 Morgan Stanley Australia Securities Limited Buy 8,518.80 (AUD) 1,145 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 9,257.86 (AUD) 1,241 Ordinary Shares
04/14/2025 Morgan Stanley Australia Securities Limited Buy 916.35 (AUD) 123 Ordinary Shares
04/14/2025 Morgan Stanley Capital Services LLC Buy N/A 1,086 Swaps
04/14/2025 Morgan Stanley Capital Services LLC Buy N/A 27 Swaps
04/14/2025 Morgan Stanley Capital Services LLC Buy N/A 9,607 Swaps
04/15/2025 Morgan Stanley & Co. International plc Borrow N/A 43,452 Ordinary Shares
04/15/2025 Morgan Stanley & Co. International plc Buy 72.86 9 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Borrow N/A 22,000 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 1,075.90 (AUD) 145 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 1,077.35 (AUD) 145 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 1,128.00 (AUD) 150 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 1,276.70 (AUD) 170 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 1,278.40 (AUD) 170 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 1,320.76 (AUD) 178 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 1,343.02 (AUD) 181 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 1,825.25 (AUD) 245 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 10,200.24 (AUD) 1,371 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 105.14 (AUD) 14 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 11,398.08 (AUD) 1,532 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 112.20 (AUD) 15 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 120.16 (AUD) 16 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 13,741.68 (AUD) 1,847 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 148.60 (AUD) 20 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 15.02 (AUD) 2 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 156.87 (AUD) 21 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 164.12 (AUD) 22 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 17,965.74 (AUD) 2,418 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 171.12 (AUD) 23 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 186.50 (AUD) 25 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 200.61 (AUD) 27 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 246.18 (AUD) 33 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 282.72 (AUD) 38 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 3,618.41 (AUD) 487 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 30.16 (AUD) 4 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 307.09 (AUD) 41 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 327.36 (AUD) 44 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 39,619.69 (AUD) 5,324 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 393.79 (AUD) 53 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 4,806.24 (AUD) 646 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 435.00 (AUD) 58 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 441.32 (AUD) 59 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 441.91 (AUD) 59 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 45.30 (AUD) 6 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 454.45 (AUD) 61 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 48,560.88 (AUD) 6,527 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 496.98 (AUD) 66 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 497.64 (AUD) 66 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 518.88 (AUD) 69 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 52.43 (AUD) 7 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 527.10 (AUD) 70 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 593.60 (AUD) 80 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 6,264.48 (AUD) 842 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 609.93 (AUD) 81 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 67.86 (AUD) 9 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 748.00 (AUD) 100 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 755.48 (AUD) 101 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 772.50 (AUD) 103 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 772.72 (AUD) 104 Ordinary Shares
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04/15/2025 Morgan Stanley Australia Securities Limited Buy 832.50 (AUD) 111 Ordinary Shares
04/15/2025 Morgan Stanley Australia Securities Limited Buy 9,411.60 (AUD) 1,265 Ordinary Shares
04/15/2025 Morgan Stanley Capital Services LLC Buy N/A 1,345 Swaps
04/15/2025 Morgan Stanley Capital Services LLC Buy N/A 12,900 Swaps
04/15/2025 Morgan Stanley Capital Services LLC Buy N/A 267 Swaps
04/15/2025 Morgan Stanley Capital Services LLC Buy N/A 58 Swaps
04/16/2025 Morgan Stanley & Co. International plc Buy 96.52 12 Ordinary Shares
04/16/2025 Morgan Stanley & Co. International plc Collateral Received N/A 37,591 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 1,008.45 (AUD) 135 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 1,031.54 (AUD) 138 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 1,045.80 (AUD) 140 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 1,136.96 (AUD) 152 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 1,138.48 (AUD) 152 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 1,522.12 (AUD) 205 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 1,628.00 (AUD) 220 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 1,837.68 (AUD) 248 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 10,648.60 (AUD) 1,439 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 103.60 (AUD) 14 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 11,403.40 (AUD) 1,541 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 111.15 (AUD) 15 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 118.56 (AUD) 16 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 119.20 (AUD) 16 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 126.31 (AUD) 17 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 126.65 (AUD) 17 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 126.65 (AUD) 17 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 13,289.22 (AUD) 1,791 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 14.92 (AUD) 2 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 148.40 (AUD) 20 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 17,711.37 (AUD) 2,371 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 178.56 (AUD) 24 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 186.75 (AUD) 25 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 187.12 (AUD) 25 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 2,172.48 (AUD) 292 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 2,708.30 (AUD) 365 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 2,732.43 (AUD) 369 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 2,797.20 (AUD) 378 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 2,866.56 (AUD) 384 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 20,770.23 (AUD) 2,803 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 200.61 (AUD) 27 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 22.29 (AUD) 3 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 22.36 (AUD) 3 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 231.88 (AUD) 31 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 251.94 (AUD) 34 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 252.28 (AUD) 34 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 253.98 (AUD) 34 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 261.45 (AUD) 35 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 269.10 (AUD) 36 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 274.17 (AUD) 37 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 275.65 (AUD) 37 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 283.48 (AUD) 38 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 29.62 (AUD) 4 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 29.68 (AUD) 4 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 291.33 (AUD) 39 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 294.00 (AUD) 40 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 298.80 (AUD) 40 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 3,564.37 (AUD) 482 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 3,670.42 (AUD) 494 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 305.04 (AUD) 41 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 313.32 (AUD) 42 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 314.37 (AUD) 42 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 320.99 (AUD) 43 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 328.90 (AUD) 44 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 332.77 (AUD) 45 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 358.08 (AUD) 48 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 36.95 (AUD) 5 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 37.27 (AUD) 5 Ordinary Shares
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04/16/2025 Morgan Stanley Australia Securities Limited Buy 388.44 (AUD) 52 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 4,119.50 (AUD) 550 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 403.11 (AUD) 54 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 418.59 (AUD) 56 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 432.96 (AUD) 58 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 433.26 (AUD) 58 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 433.55 (AUD) 58 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 447.90 (AUD) 60 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 448.20 (AUD) 60 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 452.01 (AUD) 61 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 452.92 (AUD) 61 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 453.23 (AUD) 61 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 476.80 (AUD) 64 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 5,664.82 (AUD) 765 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 507.96 (AUD) 68 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 530.01 (AUD) 71 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 537.84 (AUD) 72 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 547.22 (AUD) 74 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 547.60 (AUD) 74 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 548.71 (AUD) 74 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 550.56 (AUD) 74 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 56,980.00 (AUD) 7,700 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 59.60 (AUD) 8 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 590.52 (AUD) 79 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 6,445.40 (AUD) 871 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 6,739.48 (AUD) 901 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 620.84 (AUD) 83 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 623.28 (AUD) 84 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 672.30 (AUD) 90 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 676.20 (AUD) 92 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 7.40 (AUD) 1 Ordinary Share
04/16/2025 Morgan Stanley Australia Securities Limited Buy 7.49 (AUD) 1 Ordinary Share
04/16/2025 Morgan Stanley Australia Securities Limited Buy 74.60 (AUD) 10 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 762.20 (AUD) 103 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 798.22 (AUD) 107 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 8,944.54 (AUD) 1,199 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 8,984.70 (AUD) 1,206 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 80,534.20 (AUD) 10,883 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 801.90 (AUD) 108 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 807.69 (AUD) 109 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 812.59 (AUD) 109 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 844.67 (AUD) 113 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 85,107.40 (AUD) 11,501 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 931.25 (AUD) 125 Ordinary Shares
04/16/2025 Morgan Stanley Australia Securities Limited Buy 96.98 (AUD) 13 Ordinary Shares
04/16/2025 Morgan Stanley Capital Services LLC Buy N/A 1,007 Swaps
04/16/2025 Morgan Stanley Capital Services LLC Buy N/A 2,463 Swaps
04/17/2025 Morgan Stanley & Co. International plc Buy 63.68 8 Ordinary Shares
04/17/2025 Morgan Stanley & Co. International plc Buy N/A 1,801 Swaps
04/17/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 13,258 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 1,523.15 (AUD) 205 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 1,615.38 (AUD) 218 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 1,698.60 (AUD) 228 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 103.74 (AUD) 14 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 13,206.96 (AUD) 1,768 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 134.28 (AUD) 18 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 14,076.48 (AUD) 1,892 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 148.10 (AUD) 20 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 156.45 (AUD) 21 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 164.12 (AUD) 22 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 177.60 (AUD) 24 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 178.92 (AUD) 24 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 19,891.50 (AUD) 2,670 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 193.96 (AUD) 26 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 2,110.12 (AUD) 284 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 2,196.32 (AUD) 296 Ordinary Shares
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04/17/2025 Morgan Stanley Australia Securities Limited Buy 2,224.56 (AUD) 299 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 2,797.44 (AUD) 376 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 2,990.88 (AUD) 402 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 208.32 (AUD) 28 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 22.29 (AUD) 3 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 22.36 (AUD) 3 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 22.36 (AUD) 3 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 288.21 (AUD) 39 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 29.78 (AUD) 4 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 3,129.93 (AUD) 419 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 305.04 (AUD) 41 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 379.18 (AUD) 51 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 4,073.16 (AUD) 546 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 4,693.50 (AUD) 630 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 4,864.85 (AUD) 653 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 402.56 (AUD) 54 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 433.26 (AUD) 58 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 440.14 (AUD) 59 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 45,701.46 (AUD) 6,118 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 466.83 (AUD) 63 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 481.65 (AUD) 65 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 5,386.56 (AUD) 724 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 5,915.30 (AUD) 794 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 52.15 (AUD) 7 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 570.57 (AUD) 77 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 574.42 (AUD) 77 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 619.18 (AUD) 83 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 648.56 (AUD) 88 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 67.14 (AUD) 9 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 686.32 (AUD) 92 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 697.48 (AUD) 94 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 7.39 (AUD) 1 Ordinary Share
04/17/2025 Morgan Stanley Australia Securities Limited Buy 7.45 (AUD) 1 Ordinary Share
04/17/2025 Morgan Stanley Australia Securities Limited Buy 7.47 (AUD) 1 Ordinary Share
04/17/2025 Morgan Stanley Australia Securities Limited Buy 70,486.92 (AUD) 9,436 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 731.08 (AUD) 98 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 74.35 (AUD) 10 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 8,003.37 (AUD) 1,075 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 8,399.96 (AUD) 1,126 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 81.89 (AUD) 11 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 819.50 (AUD) 110 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 89.52 (AUD) 12 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 9,651.24 (AUD) 1,292 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 906.51 (AUD) 123 Ordinary Shares
04/17/2025 Morgan Stanley Australia Securities Limited Buy 996.96 (AUD) 134 Ordinary Shares
04/17/2025 Morgan Stanley Capital Services LLC Buy N/A 1,010 Swaps
04/17/2025 Morgan Stanley Capital Services LLC Buy N/A 2,509 Swaps
04/17/2025 Morgan Stanley Capital Services LLC Buy N/A 2,554 Swaps
04/17/2025 Morgan Stanley Capital Services LLC Buy N/A 849 Swaps
04/21/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 103,441 Ordinary Shares
04/22/2025 Morgan Stanley & Co. International plc Buy 5,416.50 690 Ordinary Shares
04/22/2025 Morgan Stanley & Co. International plc Buy 87.36 11 Ordinary Shares
04/22/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 5,627 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 1,105.58 (AUD) 149 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 1,168.86 (AUD) 157 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 1,206.08 (AUD) 162 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 1,270.53 (AUD) 171 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 1,289.34 (AUD) 174 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 1,352.40 (AUD) 184 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 1,383.80 (AUD) 187 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 1,383.80 (AUD) 187 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 1,403.85 (AUD) 191 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 1,439.48 (AUD) 194 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 1,461.65 (AUD) 199 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 1,462.65 (AUD) 199 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 1,466.00 (AUD) 200 Ordinary Shares
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04/22/2025 Morgan Stanley Australia Securities Limited Buy 1,489.41 (AUD) 201 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 1,729.60 (AUD) 235 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 1,800.48 (AUD) 242 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 1,867.44 (AUD) 251 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 1,945.10 (AUD) 265 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 1,946.66 (AUD) 262 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 111.00 (AUD) 15 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 161.70 (AUD) 22 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 163,975.60 (AUD) 22,340 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 17,058.16 (AUD) 2,324 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 186.75 (AUD) 25 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 19,032.62 (AUD) 2,593 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 2,113.92 (AUD) 288 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 2,143.28 (AUD) 292 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 2,369.10 (AUD) 318 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 2,937.80 (AUD) 397 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 22.17 (AUD) 3 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 227.54 (AUD) 31 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 230.02 (AUD) 31 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 260.05 (AUD) 35 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 282.34 (AUD) 38 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 29.36 (AUD) 4 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 30,167.40 (AUD) 4,110 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 312.06 (AUD) 42 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 341.32 (AUD) 46 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 341.55 (AUD) 46 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 37.20 (AUD) 5 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 402.30 (AUD) 54 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 411.60 (AUD) 56 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 431.81 (AUD) 58 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 435.42 (AUD) 59 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 488.40 (AUD) 66 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 5,468.30 (AUD) 745 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 500.49 (AUD) 67 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 51,820.08 (AUD) 7,038 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 51.55 (AUD) 7 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 543.85 (AUD) 73 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 545.31 (AUD) 73 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 562.78 (AUD) 76 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 572.88 (AUD) 77 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 579.54 (AUD) 78 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 595.75 (AUD) 81 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 694.66 (AUD) 94 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 695.60 (AUD) 94 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 7.35 (AUD) 1 Ordinary Share
04/22/2025 Morgan Stanley Australia Securities Limited Buy 713.28 (AUD) 96 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 8,396.96 (AUD) 1,144 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 801.15 (AUD) 109 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 81.84 (AUD) 11 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 875.84 (AUD) 119 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 937.44 (AUD) 126 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 947.84 (AUD) 128 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 952.32 (AUD) 128 Ordinary Shares
04/22/2025 Morgan Stanley Australia Securities Limited Buy 962.85 (AUD) 131 Ordinary Shares
04/22/2025 Morgan Stanley Capital Services LLC Buy N/A 2,906 Swaps
04/22/2025 Morgan Stanley Capital Services LLC Buy N/A 3,455 Swaps
04/22/2025 Morgan Stanley Capital Services LLC Buy N/A 5,306 Swaps
04/23/2025 Morgan Stanley & Co. International plc Buy 2,660.84 (AUD) 364 Ordinary Shares
04/23/2025 Morgan Stanley & Co. International plc Buy 23,325.00 3,000 Ordinary Shares
04/23/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 2,202,147 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 1,009.69 (AUD) 137 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 1,038.02 (AUD) 142 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 1,089.28 (AUD) 148 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 1,107.00 (AUD) 150 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 1,256.30 (AUD) 170 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 1,284.80 (AUD) 176 Ordinary Shares
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04/23/2025 Morgan Stanley Australia Securities Limited Buy 1,292.10 (AUD) 177 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 1,392.39 (AUD) 191 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 1,400.49 (AUD) 189 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 1,501.62 (AUD) 205 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 1,545.57 (AUD) 211 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 1,632.96 (AUD) 224 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 1,723.98 (AUD) 236 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 1,734.84 (AUD) 237 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 1,790.88 (AUD) 246 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 1,873.92 (AUD) 256 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 10,665.15 (AUD) 1,455 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 101,886.78 (AUD) 13,938 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 103.18 (AUD) 14 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 11,075.16 (AUD) 1,513 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 11,111.20 (AUD) 1,520 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 11,425.53 (AUD) 1,563 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 117.20 (AUD) 16 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 12,766.08 (AUD) 1,744 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 123.93 (AUD) 17 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 14,503.04 (AUD) 1,984 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 14.62 (AUD) 2 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 14.66 (AUD) 2 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 146.20 (AUD) 20 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 15,409.48 (AUD) 2,108 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 16,052.76 (AUD) 2,196 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 16,688.73 (AUD) 2,283 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 161.04 (AUD) 22 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 162.36 (AUD) 22 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 168.82 (AUD) 23 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 176.76 (AUD) 24 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 190.97 (AUD) 26 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 191.36 (AUD) 26 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 2,052.40 (AUD) 280 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 2,106.71 (AUD) 288 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 2,169.58 (AUD) 297 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 2,422.20 (AUD) 330 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 2,565.81 (AUD) 351 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 2,604.13 (AUD) 356 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 2,668.14 (AUD) 366 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 2,704.77 (AUD) 369 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 2,761.27 (AUD) 378 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 2,901.42 (AUD) 398 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 21.99 (AUD) 3 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 21.99 (AUD) 3 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 219.60 (AUD) 30 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 226.30 (AUD) 31 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 226.61 (AUD) 31 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 234.40 (AUD) 32 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 235.68 (AUD) 32 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 250.58 (AUD) 34 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 264.42 (AUD) 36 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 264.60 (AUD) 36 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 29.48 (AUD) 4 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 292.80 (AUD) 40 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 294.40 (AUD) 40 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 3,304.12 (AUD) 452 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 3,325.54 (AUD) 454 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 3,347.51 (AUD) 457 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 3,358.00 (AUD) 460 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 3,534.80 (AUD) 478 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 3,598.90 (AUD) 493 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 3,652.29 (AUD) 501 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 3,896.87 (AUD) 532 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 33,633.31 (AUD) 4,601 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 357.70 (AUD) 49 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 36.57 (AUD) 5 Ordinary Shares
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04/23/2025 Morgan Stanley Australia Securities Limited Buy 368.00 (AUD) 50 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 369.50 (AUD) 50 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 399.33 (AUD) 54 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 4,102.60 (AUD) 562 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 4,805.19 (AUD) 656 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 4,999.01 (AUD) 676 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 403.97 (AUD) 55 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 412.16 (AUD) 56 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 416.67 (AUD) 57 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 441.90 (AUD) 60 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 473.28 (AUD) 64 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 490.77 (AUD) 67 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 5,723.73 (AUD) 783 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 501.84 (AUD) 68 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 503.70 (AUD) 69 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 51.66 (AUD) 7 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 52,148.78 (AUD) 7,126 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 530.64 (AUD) 72 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 574.47 (AUD) 78 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 578.67 (AUD) 79 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 58.72 (AUD) 8 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 583.20 (AUD) 80 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 588.80 (AUD) 80 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 59.36 (AUD) 8 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 6,494.13 (AUD) 889 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 606.39 (AUD) 82 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 619.65 (AUD) 85 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 635.54 (AUD) 86 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 667.03 (AUD) 91 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 680.76 (AUD) 93 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 7,022.60 (AUD) 962 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 715.40 (AUD) 98 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 716.38 (AUD) 98 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 738.31 (AUD) 101 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 791.64 (AUD) 108 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 8,552.70 (AUD) 1,170 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 808.08 (AUD) 111 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 809.60 (AUD) 110 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 829.42 (AUD) 113 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 87,997.78 (AUD) 12,038 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 885.72 (AUD) 121 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 9,271.00 (AUD) 1,270 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 9,808.80 (AUD) 1,340 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 924.56 (AUD) 127 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 928.99 (AUD) 127 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 944.28 (AUD) 129 Ordinary Shares
04/23/2025 Morgan Stanley Australia Securities Limited Buy 990.90 (AUD) 135 Ordinary Shares
04/23/2025 Morgan Stanley Capital Services LLC Buy N/A 526 Swaps
04/23/2025 Morgan Stanley Capital Services LLC Buy N/A 54 Swaps
04/23/2025 Morgan Stanley Capital Services LLC Buy N/A 68 Swaps
04/24/2025 Morgan Stanley & Co. International plc Buy N/A 34 Swaps
04/24/2025 Morgan Stanley & Co. International plc Collateral Received N/A 2,141,653 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 1,700.16 (AUD) 231 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 1,979.10 (AUD) 270 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 118,687.80 (AUD) 16,148 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 125.12 (AUD) 17 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 14.70 (AUD) 2 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 14.70 (AUD) 2 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 146.80 (AUD) 20 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 15,633.45 (AUD) 2,127 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 161.26 (AUD) 22 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 168.82 (AUD) 23 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 18,110.40 (AUD) 2,464 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 18,896.85 (AUD) 2,571 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 198.18 (AUD) 27 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 198.45 (AUD) 27 Ordinary Shares
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04/24/2025 Morgan Stanley Australia Securities Limited Buy 198.58 (AUD) 27 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 2,185.92 (AUD) 297 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 2,536.18 (AUD) 346 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 2,548.70 (AUD) 347 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 2,933.26 (AUD) 398 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 21.84 (AUD) 3 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 22,116.15 (AUD) 3,009 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 249.39 (AUD) 34 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 265.32 (AUD) 36 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 3,815.46 (AUD) 517 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 3,974.40 (AUD) 540 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 301.76 (AUD) 41 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 320.54 (AUD) 44 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 329.85 (AUD) 45 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 330.52 (AUD) 45 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 390.08 (AUD) 53 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 4,009.28 (AUD) 544 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 4,327.68 (AUD) 588 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 477.41 (AUD) 65 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 5,174.70 (AUD) 705 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 5,849.98 (AUD) 797 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 514.14 (AUD) 70 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 528.84 (AUD) 72 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 550.12 (AUD) 75 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 58.80 (AUD) 8 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 582.23 (AUD) 79 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 6,541.50 (AUD) 890 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 605.16 (AUD) 82 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 632.96 (AUD) 86 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 668.85 (AUD) 91 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 754.99 (AUD) 103 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 8,232.00 (AUD) 1,120 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 8,881.40 (AUD) 1,210 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 9,378.60 (AUD) 1,276 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 925.47 (AUD) 126 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 955.50 (AUD) 130 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 972.84 (AUD) 132 Ordinary Shares
04/24/2025 Morgan Stanley Australia Securities Limited Buy 979.54 (AUD) 133 Ordinary Shares
04/24/2025 Morgan Stanley Capital Services LLC Buy N/A 185 Swaps
04/24/2025 Morgan Stanley Capital Services LLC Buy N/A 2,104 Swaps
04/24/2025 Morgan Stanley Capital Services LLC Buy N/A 35 Swaps
04/24/2025 Morgan Stanley Capital Services LLC Buy N/A 44 Swaps
04/24/2025 Morgan Stanley Capital Services LLC Buy N/A 486 Swaps
04/28/2025 Morgan Stanley & Co. International plc Collateral Received N/A 55,076 Ordinary Shares
04/28/2025 Morgan Stanley & Co. International plc Increase in shares held or in respect of which the holder may exercise right to rehypothecate pursuant to the agreement(s) N/A 7,278 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 1,170.78 (AUD) 158 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 1,179.20 (AUD) 160 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 1,179.78 (AUD) 159 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 1,273.95 (AUD) 171 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 1,304.49 (AUD) 177 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 1,575.95 (AUD) 215 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 1,586.85 (AUD) 213 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 1,594.95 (AUD) 217 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 1,645.60 (AUD) 220 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 1,678.50 (AUD) 225 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 1,813.00 (AUD) 245 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 1,983.20 (AUD) 268 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 10,017.00 (AUD) 1,350 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 133.29 (AUD) 18 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 134.28 (AUD) 18 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 14,921.62 (AUD) 2,011 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 14.75 (AUD) 2 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 14.94 (AUD) 2 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 147.20 (AUD) 20 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 154.66 (AUD) 21 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 154.98 (AUD) 21 Ordinary Shares
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04/28/2025 Morgan Stanley Australia Securities Limited Buy 155.29 (AUD) 21 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 155.40 (AUD) 21 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 155.71 (AUD) 21 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 156.03 (AUD) 21 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 16,442.72 (AUD) 2,216 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 163.02 (AUD) 22 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 191.36 (AUD) 26 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 192.14 (AUD) 26 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 192.14 (AUD) 26 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 2,638.23 (AUD) 357 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 2,760.24 (AUD) 372 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 213.87 (AUD) 29 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 22.11 (AUD) 3 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 22.20 (AUD) 3 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 251.94 (AUD) 34 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 259.00 (AUD) 35 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 268.20 (AUD) 36 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 29.68 (AUD) 4 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 296.20 (AUD) 40 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 3,177.96 (AUD) 426 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 3,618.67 (AUD) 491 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 3,626.00 (AUD) 490 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 352.03 (AUD) 47 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 36.95 (AUD) 5 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 361.62 (AUD) 49 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 37.10 (AUD) 5 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 4,014.22 (AUD) 541 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 44.52 (AUD) 6 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 443.70 (AUD) 60 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 5,137.65 (AUD) 699 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 501.16 (AUD) 67 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 508.53 (AUD) 69 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 51.73 (AUD) 7 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 521.50 (AUD) 70 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 526.11 (AUD) 71 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 53,026.17 (AUD) 7,146 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 546.86 (AUD) 74 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 555.00 (AUD) 75 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 558.60 (AUD) 76 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 559.72 (AUD) 76 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 580.65 (AUD) 79 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 588.55 (AUD) 79 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 594.00 (AUD) 80 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 641.62 (AUD) 87 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 654.72 (AUD) 88 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 67.23 (AUD) 9 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 683.09 (AUD) 92 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 7,447.05 (AUD) 1,005 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 7.45 (AUD) 1 Ordinary Share
04/28/2025 Morgan Stanley Australia Securities Limited Buy 7.45 (AUD) 1 Ordinary Share
04/28/2025 Morgan Stanley Australia Securities Limited Buy 701.24 (AUD) 94 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 701.57 (AUD) 95 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 711.84 (AUD) 96 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 82.06 (AUD) 11 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 824.87 (AUD) 112 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 837.76 (AUD) 112 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 838.88 (AUD) 112 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 848.70 (AUD) 115 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 865.80 (AUD) 117 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 89.52 (AUD) 12 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 9,000.46 (AUD) 1,213 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 9,059.82 (AUD) 1,221 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 9,853.76 (AUD) 1,328 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 927.36 (AUD) 126 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 95.94 (AUD) 13 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 96.46 (AUD) 13 Ordinary Shares
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04/28/2025 Morgan Stanley Australia Securities Limited Buy 96.59 (AUD) 13 Ordinary Shares
04/28/2025 Morgan Stanley Australia Securities Limited Buy 97.11 (AUD) 13 Ordinary Shares
04/28/2025 Morgan Stanley Capital Services LLC Buy N/A 342 Swaps
04/28/2025 Morgan Stanley Capital Services LLC Buy N/A 41 Swaps
04/28/2025 Morgan Stanley Capital Services LLC Buy N/A 51 Swaps
04/28/2025 Morgan Stanley Capital Services LLC Buy N/A 7,809 Swaps
04/29/2025 Morgan Stanley Australia Securities Limited Buy 1,066.78 (AUD) 143 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 1,087.50 (AUD) 145 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 1,122.00 (AUD) 150 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 1,224.25 (AUD) 164 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 1,256.64 (AUD) 168 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 1,359.31 (AUD) 181 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 1,363.18 (AUD) 182 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 1,398.72 (AUD) 188 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 1,446.27 (AUD) 194 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 1,461.17 (AUD) 196 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 1,466.08 (AUD) 196 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 1,745.17 (AUD) 233 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 1,976.90 (AUD) 265 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 111.97 (AUD) 15 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 112.35 (AUD) 15 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 126.82 (AUD) 17 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 127.58 (AUD) 17 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 149.40 (AUD) 20 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 2,075.52 (AUD) 276 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 2,233.44 (AUD) 297 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 2,470.79 (AUD) 329 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 2,827.34 (AUD) 379 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 2,876.33 (AUD) 383 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 216.63 (AUD) 29 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 22.41 (AUD) 3 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 24,264.81 (AUD) 3,231 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 284.62 (AUD) 38 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 29.80 (AUD) 4 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 290.94 (AUD) 39 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 292.69 (AUD) 39 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 3,260.02 (AUD) 437 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 3,764.88 (AUD) 504 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 314.79 (AUD) 42 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 32,668.50 (AUD) 4,350 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 322.93 (AUD) 43 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 374.25 (AUD) 50 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 434.71 (AUD) 58 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 45.00 (AUD) 6 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 481.28 (AUD) 64 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 5,490.00 (AUD) 732 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 5,766.58 (AUD) 773 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 502.50 (AUD) 67 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 52,463.58 (AUD) 6,993 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 52.15 (AUD) 7 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 552.41 (AUD) 74 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 561.00 (AUD) 75 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 563.25 (AUD) 75 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 586.18 (AUD) 79 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 6,246.66 (AUD) 834 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 676.80 (AUD) 90 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 682.50 (AUD) 91 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 7,779.20 (AUD) 1,040 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 752.00 (AUD) 100 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 786.52 (AUD) 106 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 799.82 (AUD) 107 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 822.80 (AUD) 110 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 856.75 (AUD) 115 Ordinary Shares
04/29/2025 Morgan Stanley Australia Securities Limited Buy 978.57 (AUD) 131 Ordinary Shares
04/29/2025 Morgan Stanley Capital Services LLC Buy N/A 1,059 Swaps
04/29/2025 Morgan Stanley Capital Services LLC Buy N/A 10,082 Swaps
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04/29/2025 Morgan Stanley Capital Services LLC Buy N/A 20,731 Swaps
04/29/2025 Morgan Stanley Capital Services LLC Buy N/A 3,160 Swaps
04/29/2025 Morgan Stanley Capital Services LLC Buy N/A 3,761 Swaps
04/29/2025 Morgan Stanley Capital Services LLC Buy N/A 433 Swaps
04/29/2025 Morgan Stanley Capital Services LLC Buy N/A 754 Swaps
04/30/2025 Morgan Stanley & Co. International plc Buy 19,651.50 2,475 Ordinary Shares
04/30/2025 Morgan Stanley & Co. International plc Buy 24,820.44 3,126 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,018.44 (AUD) 138 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,020.00 (AUD) 136 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,031.10 (AUD) 140 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,060.32 (AUD) 141 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,074.45 (AUD) 145 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,104.09 (AUD) 149 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,114.38 (AUD) 151 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,160.95 (AUD) 155 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,179.07 (AUD) 157 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,190.70 (AUD) 162 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,218.52 (AUD) 164 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,295.77 (AUD) 173 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,325.48 (AUD) 179 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,357.50 (AUD) 181 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,391.98 (AUD) 189 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,487.40 (AUD) 201 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,569.81 (AUD) 213 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,582.40 (AUD) 215 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,661.92 (AUD) 221 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,687.50 (AUD) 225 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,728.86 (AUD) 233 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,753.48 (AUD) 236 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,773.76 (AUD) 241 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,842.50 (AUD) 250 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,876.80 (AUD) 255 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,901.80 (AUD) 257 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 1,981.14 (AUD) 267 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 104,393.53 (AUD) 14,084 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 107,341.26 (AUD) 14,486 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 13,234.26 (AUD) 1,786 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 133.20 (AUD) 18 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 134.82 (AUD) 18 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 139.84 (AUD) 19 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 14.96 (AUD) 2 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 2,140.20 (AUD) 290 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 2,420.64 (AUD) 328 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 2,849.00 (AUD) 385 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 206.64 (AUD) 28 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 22.12 (AUD) 3 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 220.95 (AUD) 30 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 229.71 (AUD) 31 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 242.55 (AUD) 33 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 250.24 (AUD) 34 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 26,068.38 (AUD) 3,518 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 260.40 (AUD) 35 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 267.12 (AUD) 36 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 268.92 (AUD) 36 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 27,468.87 (AUD) 3,707 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 280.82 (AUD) 38 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 281.96 (AUD) 38 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 3,015.12 (AUD) 408 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 3,015.12 (AUD) 408 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 3,114.02 (AUD) 413 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 3,169.10 (AUD) 430 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 3,279.65 (AUD) 445 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 3,559.71 (AUD) 483 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 3,697.59 (AUD) 499 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 3,986.58 (AUD) 538 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 309.54 (AUD) 42 Ordinary Shares
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57

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04/30/2025 Morgan Stanley Australia Securities Limited Buy 331.20 (AUD) 45 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 36,635.04 (AUD) 4,944 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 360.00 (AUD) 48 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 4,179.24 (AUD) 564 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 4,957.29 (AUD) 669 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 407.27 (AUD) 55 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 416.08 (AUD) 56 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 44,341.44 (AUD) 5,984 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 444.60 (AUD) 60 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 483.27 (AUD) 65 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 485.76 (AUD) 66 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 488.07 (AUD) 66 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 5,173.38 (AUD) 701 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 5,802.03 (AUD) 783 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 5,853.90 (AUD) 790 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 5,903.37 (AUD) 801 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 51.66 (AUD) 7 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 526.40 (AUD) 70 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 531.08 (AUD) 71 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 561.00 (AUD) 75 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 566.72 (AUD) 77 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 569.24 (AUD) 76 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 596.16 (AUD) 81 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 6,149.40 (AUD) 831 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 6,410.88 (AUD) 864 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 6,841.26 (AUD) 927 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 632.40 (AUD) 85 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 634.25 (AUD) 86 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 663.94 (AUD) 89 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 676.13 (AUD) 91 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 691.84 (AUD) 94 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 698.42 (AUD) 94 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 7.40 (AUD) 1 Ordinary Share
04/30/2025 Morgan Stanley Australia Securities Limited Buy 713.45 (AUD) 95 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 716.83 (AUD) 97 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 73.80 (AUD) 10 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 760.14 (AUD) 103 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 82.94 (AUD) 11 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 851.00 (AUD) 115 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 912.64 (AUD) 124 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 923.75 (AUD) 125 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 95.68 (AUD) 13 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 953.31 (AUD) 129 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 966.78 (AUD) 131 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 976.80 (AUD) 132 Ordinary Shares
04/30/2025 Morgan Stanley Australia Securities Limited Buy 98,678.97 (AUD) 13,317 Ordinary Shares
04/30/2025 Morgan Stanley Capital Services LLC Buy N/A 1,000 Swaps
04/30/2025 Morgan Stanley Capital Services LLC Buy N/A 160 Swaps
04/30/2025 Morgan Stanley Capital Services LLC Buy N/A 52,897 Swaps
04/30/2025 Morgan Stanley Capital Services LLC Buy N/A 9 Swaps
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58

Annexure D

INTERNATIONAL PRIME BROKERAGE AGREEMENT

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CONTENTS

SECTIONS

A. PRIME BROKERAGE TERMS ..................................................................................................................... 1
B. SETTLEMENT FACILITY ............................................................................................................................ 4
C. FOREIGN EXCHANGE TRANSACTIONS ................................................................................................. 7
D. EXECUTION TERMS .................................................................................................................................... 7
E. EXCHANGE-TRADED DERIVATIVES TRANSACTIONS ..................................................................... 8
F. REPRESENTATIONS AND ACKNOWLEDGEMENTS ............................................................................ 8
G. OBLIGATIONS ............................................................................................................................................ 12
H. EVENTS OF DEFAULT .............................................................................................................................. 15
I. USE OF INVESTMENTS ............................................................................................................................ 16
J. SECURITY .................................................................................................................................................... 16
K. EARLY TERMINATION, NETTING AND SET OFF............................................................................... 19
L. LIMITATION OF LIABILITY .................................................................................................................... 22
M. MISCELLANEOUS ...................................................................................................................................... 22
N. ASSIGNMENT AND TERMINATION ...................................................................................................... 24
O. GOVERNING LAW AND JURISDICTION ............................................................................................... 26
P. GUARANTEE AND INDEMNITY ............................................................................................................. 26
INTERPRETATION AND DEFINITIONS ........................................................................................................... 28
SCHEDULES

  • I. ELECTRONIC SERVICES

  • II. TERMS RELATING TO EXCHANGE-TRADED DERIVATIVES

  • PART A – DEALING

  • PART B – MASTER NETTING AGREEMENT

  • PART C – EURONEXT.LIFFE REQUIRED TERMS

  • PART D – LONDON METAL EXCHANGE

  • III. REQUIRED TERMS FOR STOCK EXCHANGES

  • IV. HONG KONG TRANSACTIONS

  • V. CASH PAYMENTS AND SECURITIES TRANSFERS AUTHORISATION

Page 1

THIS INTERNATIONAL PRIME BROKERAGE AGREEMENT is made on between:

  • (1) Morgan Stanley & Co. International plc (“ MSI plc ”) for itself and as agent and trustee for and on behalf of the other Morgan Stanley Companies (as defined herein); and

(2) [Insert name of client] (the “ Client ”)

IT IS AGREED AS FOLLOWS:

REGULATORY INFORMATION

REGULATORY STATUS

MSI plc (FCA registration number 165935) is regulated by the FCA and regulated and authorized by the PRA. Its principal address in the U.K. is 25 Cabot Square, Canary Wharf, London E14 4QA.

None of the other Morgan Stanley Companies party to this Agreement are regulated in the U.K. by the FCA but may be regulated by other bodies or in their home jurisdiction. Accordingly, the designated investment business (as defined in the FCA Rules and PRA Rules) conducted with or provided to the Client, or on its behalf, by such Morgan Stanley Companies is not covered by the rules and regulations made for the protection of investors in the U.K.. MSI plc will provide the Client on request with details of the regulatory status of such companies.

CLIENT CATEGORISATION

MSI plc will treat the Client’s Agent as their client for UK regulatory purposes in accordance with the FCA Conduct of Business Sourcebook and will treat the Agent as a per se professional client . If the Client does not appoint an Agent MSI plc will treat the Client as its client for UK regulatory purposes and will treat the Client as a per se professional client . The Client or the Agent may also request in writing that MSI plc categorise the Agent or the Client, as applicable, as a client benefiting from a higher degree of protection. The Client agrees that it is responsible for updating Morgan Stanley about any change in circumstances that could affect the aforementioned categorisation.

A. PRIME BROKERAGE TERMS

A.1. Custody and Settlement

  • A.1.1. Custody : The Client appoints MSI plc as custodian and MSI plc accepts such appointment pursuant to the terms of this Agreement. Where MSI plc holds the Client's Investments in custody in the Prime Brokerage Account it shall hold such investments as trustee. MSI plc's duties as trustee shall be subject to the terms of this Agreement. MSI plc is not acting as trustee in relation to any other service or activity relating to this Agreement.

A.1.2. Settlement

  • (i) MSI plc will settle Transactions involving the purchase of securities executed through the Client’s Executing Broker and will provide custody of Investments, each in accordance with this Agreement. MSI plc reserves the right to refuse to settle any Transaction, and will notify the Client promptly of any such refusal. MSI plc will use reasonable endeavours to notify the Client promptly in advance where reasonably practical. MSI plc shall be deemed to have agreed to settle a Transaction only upon actual settlement by it of the Transaction.

  • (ii) MSI plc shall effect settlement of and payment for securities in accordance with the laws, regulations and market practices in the jurisdiction in which the Transaction occurs. In some securities markets deliveries of securities and related payments are not customarily made simultaneously, and may be made through different mechanisms or systems. The Client agrees that in such circumstances unless, after consultation with MSI plc, the Client or the Client’s investment manager expressly instructs MSI plc only to make delivery against payment, MSI plc may make and accept payments on the settlement of securities in accordance with such market practices. MSI plc shall not be obliged to settle a Transaction if the Client or the Client’s investment manager instructs that it be settled on a delivery versus payment basis and MSI plc considers that such method of settlement is not practicable. The Client shall bear the risk that (a) the recipient of such securities may fail to make payment, or return such securities, or hold them on trust for the Client, and (b) the recipient of payment may fail to deliver the securities (or may deliver invalid, fraudulent, forged or stolen certificates) or to return such payment.

  • (iii) MSI plc has no control over the execution of Transactions executed with an Executing Broker (other than itself or a Morgan Stanley Company) or introduced to it by another broker (other than a Morgan Stanley Company) for clearing (each a " Broker ") and, save for its obligations in relation to clearing and settlement set out herein, it is not responsible for any matter arising from, nor does it owe any duties to the Client in respect of, the execution of those Transactions. The Client’s broker is not the agent of Morgan Stanley for

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any purpose. Where the Broker is an overseas entity then the services of such Broker may not be regulated under the FSMA.

A.2. Sub-custodians and Registration
A.2.1. Sub-custodians: The Client authorises MSI plc
to
appoint
any
persons
(including
any
Associated Firm) to act as sub-custodians of
the Client’s Investments, including documents
of title or certificates evidencing title to such
Investments.
Commensurate
with
the
requirements of the FCA Rules MSI plc will
exercise reasonable skill, care and diligence in
the selection and monitoring of sub-custodians,
shall be responsible to the Client for the
duration of the sub-custody agreement for
satisfying itself as to the ongoing suitability of
the sub-custodian to provide custodial services
to the Client, shall maintain an appropriate
level of supervision over the sub-custodian and
make appropriate enquiries periodically to
confirm that the obligations of the sub-
custodian
continue
to
be
competently
discharged. The level of assessment conducted
with regard to the selection and monitoring of
an Affiliate appointed as sub-custodian will be
at least as rigorous as that performed on any
non-affiliated company. MSI plc will be
responsible for the acts of any sub-custodian
which is an Affiliate (and therefore for losses
to the Client arising as a result of such acts) to
the same extent (and subject to the limitations
contained in paragraph L.1) as it is liable under
this Agreement for its own acts including any
act or omission, fraud, negligence or wilful
default.

Where MSI plc has appointed a sub-custodian which is not an Affiliate, it will not be liable for any act or omission, or for the insolvency, of such sub-custodian or for any loss arising therefrom unless, and except to the extent that, any loss suffered by the Client is directly caused by a breach of MSI plc’s obligations in relation to the selection and monitoring of subcustodians set out in this paragraph A.2.1. but subject at all times to the limitation on liability for consequential loss set out in paragraph L.1.2.

Following written request by the Client to MSI plc, MSI plc will provide the Client with information detailing the identity of subcustodians appointed by Morgan Stanley to hold Investments in the relevant jurisdictions at the time of the request.

nominee controlled by an Exchange or Clearing House, (v) with MSI plc’s consent, in such other name as the Client may direct in writing (in which event, the Client accepts that the consequences of so doing will be entirely at the Client’s own risk), or (vi) in the name of an Associated Firm or its nominee.

(ii) The Client agrees that MSI plc may register or record the Client’s Investments in the name of a third party or in MSI plc’s name where the Investment is subject to the law or market practice of a jurisdiction outside the UK and MSI plc has reasonably determined that it is in the Client’s best interests, or it is not feasible to do otherwise and i) if registering in the name of a third party, MSI plc is prevented from registering the Investment in the Client’s name or the name of a nominee company, and ii) if registering in MSI plc’s name, MSI plc is prevented from registering the Investments in the Client’s name, the name of a nominee company or in the name of the third party. As a consequence, in the case of registration in the name of MSI plc or a third party, the Client’s Investments may not be segregated from MSI plc’s or the third party’s Investments and in the event of their default the Client’s Investments may not be as well protected.

A.2.3. Identification of Investments:

MSI plc will (subject to paragraph A.2.2.(ii)) identify, record and hold all the Client’s Investments held with MSI plc in such a manner that (a) the identity and location of those Investments can be ascertained at any time, and (b) those Investments are readily identifiable as Investments belonging to a customer of MSI plc and are separately identifiable from any Investments of MSI plc. Nothing in the preceding sentence shall prevent all or any part of the Client’s Investments being co-mingled with Investments of the same description of other customers of MSI plc and MSI plc will not be obliged to ensure that the Client’s Investments will be separately distinguishable from Investments belonging to other customers of MSI plc.

  • (i)

(ii) MSI plc will require that where a Financial Instrument is recorded in an account with a sub-custodian, that sub-custodian will make it clear in the title of the account that the Investment belongs to one or more customers of MSI plc.

A.2.2. Registration of Investments :

(i) MSI plc will arrange for any Investments that are in registered form to be registered in accordance with the FCA Rules. This may mean they are registered (i) in the name of a nominee company controlled by MSI plc, (ii) in the Client’s name, (iii) in the name of a subcustodian or its nominee, (iv) in the name of a

Page 3

  • A.2.4. Holding of Investments Overseas: MSI plc may, where it considers it appropriate, arrange for the Client’s Investments, including Financial Instruments, to be held overseas. There may be different settlement, legal and regulatory requirements in overseas jurisdictions from those applying in the U.K., together with different practices for the separate identification of the Client’s Investments. Where the nature of the Investments or services requires MSI plc to do so it may hold Investments with a third party in a country outside the EEA which does not regulate the holding and safekeeping of Investments. Where this is necessary to provide the services the Client has requested under this Agreement, the Client requests MSI plc to deposit its Investments with such third parties. Where the Client’s Investments are held in a jurisdiction outside the UK by a third party on MSI plc’s behalf, the Client’s Investments may be held in an omnibus account by the third party and there is a risk that the Client’s Investments could be withdrawn or used to meet obligations of other persons, or that the balance of assets held by the third party does not reconcile with the quantity which the third party is required to hold, and the Client may not in such circumstances receive its full entitlement of Investments. In some jurisdictions it may not be possible to identify separately the Investments which a third party holds for clients from those which it holds for itself or for MSI plc, and there is a risk that your Investments could be withdrawn or used to meet the obligations of the third party, or lost altogether if the third party becomes insolvent.

  • A.2.5. Pooling of Investments: Where the Client’s Investments are pooled with those of one or more customers, individual customer entitlements may not be identifiable by separate certificates, other physical documents of title or equivalent electronic record and in the event of an unreconcilable shortfall after the default of a custodian, customers may share in that shortfall pro-rata. It also means that where corporate events (such as partial redemptions) affect some but not all of the Investments held in a pooled account MSI plc shall allocate the Investments so affected to particular customers in such fair and equitable manner as MSI plc considers appropriate (including without limitation pro rata allocation or an impartial lottery).

  • A.2.6. Custody Statements in Electronic Form : MSI plc will provide the Client with information relating to the Client's Investments held by MSI plc or an Associated Firm by sending the Client periodic statements which may be sent in electronic form. These will be sent no less often than every 6 months and assets will be valued in accordance with general market practice or, by agreement, in accordance with the Client’s instructions.

A.2.7 The Client’s Investments may be subject to a lien or right of set-off in favour of any subcustodian, depositary, nominee or agent in respect of charges relating to their administration and safekeeping. A.2.8 The Client agrees that MSI plc may, in its sole discretion, decide to (i) liquidate any unclaimed Investments at market value, and pay away the proceeds, or (ii) pay away any such unclaimed Investments, in either case to a registered charity of our choice if MSI plc has held the relevant Investment for at least twelve years; in the twelve years preceding the divestment of that Investment MSI plc has not received instructions relating to any Investment from the Client or on its behalf; and MSI plc has been unable to contact the Client having taken reasonable steps in accordance with the FCA Rules to trace the Client and return the Investment, in which case MSI plc shall cease to treat such assets as custody assets. In such circumstances, MSI plc (or a member of its group) will unconditionally undertake to pay the Client a sum equal to the value of the Investment at the time it was liquidated or paid away in the event that the Client seeks to claim the Investment in future.

A.3. Rights and Obligations in Respect of Investments A.3.1. Corporate Actions : (i) Where MSI plc is notified that a Corporate Action may be exercised in relation to an Investment credited to a Prime Brokerage Account and registered in the name of an Associated Firm, a sub-custodian appointed by MSI plc or its or such sub-custodian’s nominee, it will use reasonable efforts to notify the Client as soon as practicable of such Corporate Action. (ii) If the Client wishes to exercise a right relating to a Corporate Action in relation to an Investment credited to a Prime Brokerage Account, it must notify MSI plc in writing or electronically of its election as soon as possible, but in any event no later than the expiry of Morgan Stanley’s deadline for submissions of elections relating to that Corporate Action as advised to the Client by MSI plc or, where no deadline is advised, no later than 10 Notice Business Days prior to the final date for submission by MSI plc of such elections (or such shorter period as may be agreed in writing). MSI plc will use reasonable efforts to exercise such right, but only (a) on such terms as the Client has notified to MSI plc in writing and as are acceptable to MSI plc, and (b) where the Client has provided MSI plc or any other person (as the case may be) with any funds required to exercise such right.

(iii) MSI plc will use reasonable efforts to send the

Page 4

Client Corporate Action Information. This will have been sent to MSI plc from a subcustodian or agent bank for forwarding to shareholders whose shares are held in custody by MSI plc. No representation or warranty, express or implied, is or will be made by MSI plc in relation to the accuracy or completeness of the Corporate Action Information or any other written or oral information made available to the Client or its advisers in connection with the proposed Corporate Action and no responsibility or liability is or will be accepted by Morgan Stanley in relation to it. The Client should make its own investigation of the proposed Corporate Action and all information provided.

  • (iv) The distribution of the Corporate Action Information in certain jurisdictions and/or the Client’s ability to participate in a Corporate Action may be restricted by law or regulation in the jurisdiction in which the Client resides or conducts business or by the issuer of the relevant Investment. Any request for MSI plc to exercise or participate on behalf of the Client in the proposed Corporate Action shall be a representation to Morgan Stanley that the Client is entitled to so exercise or participate and that any and all restrictions or qualifications (including but not limited to any restrictions relating to the receipt of Corporate Action Information) have been complied with. By accepting and executing such request on behalf of the Client, MSI plc is not making any representation or warranty about the Client’s eligibility to so exercise or participate in any such action.

  • A.3.2. Calls on Partly Paid Investments : Where Morgan Stanley or any third party holding Investments on behalf of Morgan Stanley is legally liable to meet any payment due or to become due in respect of those Investments, the Client will provide Morgan Stanley or such other person (as the case may be) with funds to meet such payments on the due date therefor, or Morgan Stanley or such person may make such payment and the Client will reimburse Morgan Stanley or such person forthwith upon demand. Where the Client provides the necessary funds in time to do so, MSI plc shall use reasonable endeavours to satisfy the call.

  • A.3.3. Collection of Income : Where Investments credited to a Prime Brokerage Account are registered in the name of an Associated Firm, a sub-custodian appointed by MSI plc or that of its or such sub-custodian’s nominee, MSI plc will credit to that Prime Brokerage Account any Income actually received by it to which the Client is entitled as soon as reasonably practicable (after deduction of any taxes or duties payable).

  • A.3.4. Reversal of Account Entries: In some jurisdictions the delivery of Investments or crediting of cash to an account may be reversed

in certain circumstances. Accordingly, any delivery of Investments or crediting of cash to an Account will be subject to reversal if, in accordance with local laws and practice, the delivery of Investments or cash giving rise to the credit is reversed. Account entries may also be reversed to reflect any failed or delayed (or partially failed or delayed) settlements to or from the Client’s Account. MSI plc will use reasonable endeavours to notify the Client in advance if it becomes aware that any Account entry may be reversed and will notify the Client promptly if any Account entry is reversed.

  • A.3.5. Voting Rights: In its capacity as custodian and prime broker for the Client, MSI plc may receive notification of voting rights to be exercised with respect to certain of the Client’s Investments. For those Investments where MSI plc expressly agrees with the Client that it will do so, MSI plc will use reasonable efforts to notify the Client as soon as reasonably practicable following receipt of notification of such voting rights. MSI plc will only exercise voting rights in respect of the Client’s Investments where expressly agreed with the Client. Any request for Morgan Stanley to exercise voting rights shall be a continuing representation that the Client is entitled to exercise such voting rights and that any and all restrictions specified by the issuer or which exist under applicable law or regulation have been duly complied with.

  • A.3.6 Reporting Obligations: The Client shall be solely responsible for compliance with any notification or other requirements of any jurisdiction relating to or affecting the Client’s ownership of the Investments and Morgan Stanley assumes no liability for noncompliance with such requirements.

  • A.3.7 Proceedings: Morgan Stanley shall not be obliged to institute legal proceedings, file a claim or proof of claim in any insolvency proceedings or take any action with respect to collection of Income or to recover any cash or Investments.

  • A.4. Client money

  • A.4.1 When the Client transfers money to MSI plc, the money will not be client money for the purposes of the FCA Rules as title to such money will pass to MSI plc.

  • A.4.2 Without prejudice to the foregoing, in relation to Exchange-Traded Derivatives Transactions entered into by the Client, MSI plc may transfer cash from the Client’s Prime Brokerage Account to the Client’s Account for Exchange-Traded Derivatives Transactions as may be required to meet any Margin payment due from the Client in relation to the Exchange-Traded Derivatives Transactions. While such cash is credited to the Client’s

Page 5

Exchange-Traded Derivatives Account MSI plc will treat it as client money and hold it subject to the FCA Rules relating to client money. However, when cash is transferred or retransferred to the Client’s Prime Brokerage Account it will be held as collateral and full title to such cash will be transferred to MSI plc, and as a result such cash will not be client money for the purposes of the FCA Rules relating to client money.

  • A.4.4. [Where the Client holds money with Morgan Stanley Bank International Limited ( “MSBIL” ), the money will be held by MSBIL as banker and not trustee. As a result, the money will not be held in accordance with the client money rules. In particular, MSBIL shall not segregate the Client’s money from MSI plc’s money or its own money and will not be liable to account to the Client for any profits made by its use as banker of such funds. If MSBIL fails, the Client Money Rules regarding distributions will not apply to the money MSBIL holds for the Client and so the Client will not be entitled to share in any distribution under the Client Money Rules.][ To be included unless Compliance confirm it can be removed ]

A.5. The Loan

  • A.5.1. Extension of the Loan : MSI plc may, in its sole discretion, be prepared to lend the Client money on the terms set out in this Agreement.

  • A.5.2. Terms of the Loan :

  • (i) Limit on Loan Available : The aggregate amount of the Loan available from time to time will not exceed such amount as MSI plc may in its sole discretion determine from time to time.

  • (ii) Purpose of the Loan : The proceeds of the Loan will not be used in any way, directly or indirectly, for any purpose which is unlawful under any applicable law nor for the making, instigation or conducting of a takeover of, or tender offer for, any person or any other action which, when completed, will have the effect of acquiring control of any such person, or for the purchase of shares in the Client, whether such transaction is effected by the Client, any subsidiary of it, or any entity or individual that controls or is under common control with it.

  • A.5.3. Interest : Interest will accrue daily on the Loan at the rate and on the basis set out in the Fee Schedule.

  • A.5.4. Repayment of the Loan : The Loan, or any part thereof, is repayable by the Client on demand by MSI plc (which may mean the Client repaying the Loan the same day). When making such demand, MSI plc will notify the Client of the total amount due and the date for payment. The Client will pay such amount to

MSI plc (or on its instructions) on or before that date.

B. SETTLEMENT FACILITY

B.1. Settlement Facility

  • B.1.1. Availability: Normally, any securities to be transferred by the Client must be available for transfer in a Prime Brokerage Account or be provided by the Client to MSI plc in good time to enable MSI plc to settle the relevant transfer. However, MSI plc may make a Settlement Facility available to the Client by utilising either (i) securities MSI plc has in inventory or (ii) securities MSI plc has borrowed from a lender. The Client will, at the time it requests that MSI plc make a Settlement Facility available to it, inform MSI plc of the type and amount of securities it wishes MSI plc to source and/or make available on its behalf. If MSI plc is able to make a Settlement Facility available to the Client, MSI plc will inform the Client of the amount of those securities that MSI plc is able to borrow from a lender and/or make available from its inventory in accordance with this paragraph B.1.1. (the “ Settlement Securities ”). Except to the extent that there is sufficient available Margin, the Settlement Facility will only be made available to the Client on the transfer to MSI plc of such additional Margin as MSI plc requires in connection with the Client’s Liabilities under the Settlement Facility.

Any Settlement Facility for Hong Kong Settlement Securities will be made available to the Client by MSI plc by lending the securities to the Client under the OSLA. The Client shall not be required to issue a Borrowing Request (as defined in the OSLA) in respect of such loan.

Upon the Client’s request, MSI plc may agree to transfer Hong Kong securities to the Client (or to its order) in respect of an actual or possible future settlement obligation of the Client’s and such transfer shall be regarded as a Settlement Facility for the purposes of this paragraph. If MSI plc agrees so to transfer Hong Kong securities, MSI plc shall remain the legal and beneficial owner of such securities and MSI plc shall hold the securities in an account in its name until such transfer.

B.2. Terms of Settlement Facility:

(i) Availability: Where MSI plc has informed the Client that it is able to make a Settlement Facility available for particular Settlement Securities, it will use reasonable endeavours to ensure that the Settlement Securities will be available for Settlement. The Client acknowledges that in certain circumstances, for example where the lender from whom MSI plc

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has sourced the securities fails to deliver such securities, MSI plc may not be able to make the securities available for Settlement. The provisions of this paragraph B.2(i) shall not apply in relation to Australian Settlement Securities.

  • (ii) Purpose: Where MSI plc makes available to the Client a Settlement Facility, the Settlement Securities will be used for the sole purpose of effecting a Settlement and may be delivered by MSI plc either (i) directly to the third party purchaser; or (ii) to the Client prior to onward delivery to the third party purchaser. Where the Settlement relates to Hong Kong Settlement Securities MSI plc may deliver the securities directly to the Client (or to its order) in accordance with the OSLA and such delivery shall constitute performance by MSI plc of a Settlement. Where MSI plc effects any Settlement, the Client undertakes to deliver Equivalent Securities to MSI plc in accordance with paragraph B.2.(v).

  • (iii) Cancellation: MSI plc may cease to make available to the Client the Settlement Facility in whole or in part at any time and will notify the Client as soon as reasonably practicable of any such cancellation. Notwithstanding the foregoing (but subject to the other terms of this Agreement), MSI plc will not cease to make available to the Client the Settlement Facility in relation to any Australian Settlement Securities where MSI plc has already confirmed to the Client that it will make such Australian Settlement Securities available to the Client for settlement.

  • (iv) Fees and other Payments: In respect of any Settlement Facility, the Client will pay MSI plc such fee, based on the outstanding amount of Settlement Securities from time to time made available under that facility, being an amount, or a rate, or otherwise, as MSI plc determines and calculates and notifies to the Client. In addition, the Client will indemnify MSI plc on demand in respect of any payments or liabilities incurred by MSI plc, including any tax (other than tax on Morgan Stanley’s net income) or duty for which MSI plc is liable to account, in connection with any borrowing of securities entered into by it to enable it to effect such Settlement Facility or otherwise making the Settlement Facility available to the Client.

  • (v) Delivery of Equivalent Securities: The Client will be required to deliver to MSI plc Equivalent Securities to those used for Settlement on the Client’s behalf and MSI plc may, at any time, require the Client to deliver any such Equivalent Securities by giving it Notice of not less than the standard settlement time for such securities on the exchange or in the clearing or settlement organisation through which such securities were originally delivered. The Client must deliver, or procure the delivery of, Equivalent Securities or make any relevant

payment to MSI plc in accordance with this paragraph (or as MSI plc may instruct). Where the Client is required to deliver securities equivalent to Hong Kong Settlement Securities, it shall effect that delivery by delivering Equivalent Securities (as defined in the OSLA) in accordance with the OSLA and such delivery shall constitute performance of its obligations under this paragraph. If the Client fails to deliver Equivalent Securities to MSI plc in accordance with this paragraph B.2.(v), in addition to MSI plc’s rights under the general law and this Agreement and, in the case of Hong Kong Settlement Securities, the OSLA, where MSI plc incurs, or is required to account to or reimburse any third party for interest, overdraft or similar costs and expenses or for losses, damages, expenses or costs suffered by such third party the Client agrees to pay on demand and indemnify MSI plc with respect to all such losses, damages, costs and expenses which arise from such failure. In addition, MSI plc may without prejudice to its other rights exercise a “buy-in” against the Client. In the event of a “buy-in” being exercised against the Client, the Client will account to MSI plc for the total costs and expenses reasonably incurred by MSI plc as a result of such “buyin”.

  • (vi) Manufactured Payments: Where any Income is paid on any Settlement Securities which are the subject of a Settlement Facility, the Client will pay to MSI plc, on the payment date of any such Income, an amount of money equal to the same, together with an amount equal to any deduction, withholding or payment for or on account of any tax together with an amount equal to any tax credit associated with any such Income, unless MSI plc has agreed that an appropriate tax voucher may be provided in lieu of any such amount.

  • (vii) Corporate Actions: Where, prior to delivery of any Equivalent Securities to MSI plc any rights relating to a Corporate Action, including those requiring election, arise in respect of any Settlement Securities the subject of a Settlement Facility, then the Client will deliver to MSI plc Equivalent Securities in such form as MSI plc has notified to the Client in relation to the exercise of any such right.

  • (viii) Representations:

On each occasion that the Client requests a Settlement Facility, the Client represents, warrants and acknowledges that:

(a) it is solely responsible for ensuring that any short sale effected, or to be effected, by it that may give rise to a Settlement will be one that it is legally entitled to effect under the laws and regulations of the relevant market. In particular, MSI plc will have no responsibility or liability for ensuring, or advising the Client, whether any such short sale complies with any

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laws or regulations to which the Client, or any such sale, may be subject;

(b) the purpose for which it requires the Settlement Facility will be a lawful purpose under the laws and regulations of the relevant market; and

(c) the purpose of requesting a Settlement Facility in respect of securities issued and traded in the United States ("US Equity Securities") will be to settle a short sale, to cover a failure to receive securities required to be delivered to the Client or any similar situation otherwise permitted under Regulation T as promulgated by the Board of Governors of the Federal Reserve System of the U.S.. To the extent that the Client is authorised under applicable law to re-lend the US Equity Securities it will obtain an undertaking from its borrower in form and substance equivalent to the representations and warranties given by it herein.

  • B.3. [This paragraph is deleted.] B.4. South African Securities: Where, in relation to the Settlement Facility, MSI plc lends to the Client any South African Securities, the Client agrees to deliver Equivalent Securities within a period of twelve months from the date on which MSI plc settled the relevant transfer. Where a Morgan Stanley Company makes use of the Client's Investments, pursuant to paragraph I.1, and where such investments are South African Securities, MSI plc will deliver or procure the delivery by the relevant Morgan Stanley Company of Equivalent Investments, in accordance with paragraph I.2, within a period of twelve months from the date on which such South African Securities became the property of the relevant Morgan Stanley Company.

  • B.5 Australian Settlement Securities : Where MSI plc has informed the Client that it is able to make a Settlement Facility available for particular Australian Settlement Securities, MSI plc commits to procure the delivery of such Settlement Securities for Settlement, subject to the terms of this Agreement.

  • B.6. Confirmations: The Client elects to receive notification or confirmation with respect to the Settlement Facility by electronic means rather than by post or by facsimile.

C.1. Payments

All payments to be made upon the maturity of a FX Transaction will be made on the maturity date of such contract or, if such date is not a Currency Business Day, on the next Currency Business Day (the “ Currency Settlement Date ”).

C.2. Payment Netting

If on any Currency Settlement Date more than one delivery of a particular currency is to be made between the Client and the same Morgan Stanley Company in respect of a FX Transaction, then each such party will aggregate the amounts of such currency deliverable by it and only the difference between those aggregate amounts will be delivered, by the party owing the larger aggregate amount to the other party, and, if the aggregate amounts are equal, no delivery of that currency will be made.

C.3. Pre-advice

The party making any payment on the maturity of a FX Transaction will advise the party receiving payment of the bank from which such payment is to be made.

  • D. EXECUTION TERMS

The provisions of this Section D will only apply to (i) cash settled trades in Investments, (ii) Exchange-Traded Derivative Transactions and (iii) FX Transactions entered into under the terms of this Agreement.

D.1. Dealing Rules and Regulations

  • (i) Morgan Stanley shall be entitled to carry out all Transactions pursuant to this Agreement in accordance with the constitution, by-laws, rules, regulations orders, directives, announcements and/or customs of the relevant market, self-regulating organisation, Exchange and/or Clearing House and applicable laws whether imposed on Morgan Stanley or the Client and shall be entitled to take or refrain from taking any reasonable action it considers fit in order to ensure compliance with the same. All such actions will be binding upon the Client.

  • (ii) If there is a conflict between (a) this Agreement and (b) any by-law, rule, regulation and/or law, the latter will prevail.

  • D.2. No Obligation to Deal

  • C. FOREIGN EXCHANGE TRANSACTIONS

The provisions of this Section C will apply to FX Transactions entered into with Morgan Stanley under the terms of this Agreement.

Morgan Stanley will be under no obligation to execute or otherwise enter into any particular Transaction, or to accept any order. Morgan Stanley need not give any reasons for declining to do so. If Morgan Stanley declines an order for execution it will make reasonable efforts to notify the Client promptly, but will not be liable for any failure to notify.

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D.3. Best Execution

Morgan Stanley has developed the Order Execution Policy with respect to the execution of client orders. The Client consents to the execution of its orders in accordance with such Order Execution Policy. The Client consents to receiving future information with respect to the Order Execution Policy and related documentation via electronic communication or the Morgan Stanley website.

D.4. Delegation

Morgan Stanley may delegate to any person (including any member of the Morgan Stanley group of companies) all or any part of a Transaction or service or may introduce the Client’s Transaction to another person for execution, in each case subject to such conditions as Morgan Stanley may impose.

D.5. Aggregation and Averaging

  • D.5.1. Aggregation : Morgan Stanley may, in accordance with the FCA Rules, aggregate the Client’s orders with its own (in-house) orders, orders of its Associated Firms and other customer orders. Such aggregation may operate on some occasions to the advantage, and on other occasions to the disadvantage, of the Client.

  • D.5.2. Averaging : Any order taken from the Client for execution by Morgan Stanley may be executed over a period up to and including five business days unless (i) the order is immediately executed or (ii) the Client agrees otherwise (either generally in writing or specifically when such order is placed). Morgan Stanley may report to the Client an average price for the series of Transactions so executed instead of the actual price of the Transaction. Morgan Stanley and its employees or officers will not be liable for any loss arising from any such order being executed over a shorter period (whether more or less than one Exchange Business Day) as they shall determine in their absolute discretion.

D.6. Principal or Agent

  • D.6.1. In accepting any order or executing Transactions (including programme trades), Morgan Stanley may act as agent, or principal, or a combination of both agent and principal unless it is unambiguously clear from the terms of the order (and Morgan Stanley accepts those terms) or the rules of an Exchange that Morgan Stanley will act in a specific capacity. If the rules of an Exchange require Morgan Stanley to act as agent on an Exchange where Morgan Stanley cannot deal as principal then, for that transaction the Client undertakes to sign and deliver to Morgan Stanley any further documents as Morgan Stanley may require.

  • D.6.2 . In respect of programme trades, Morgan Stanley and/or an Associated Firm may execute an own account transaction in any Investment included in a programme trade.

D.7. Equity Securities

With respect to Transactions in equity securities:

  • (i) The Client’s objectives may be achieved by Morgan Stanley acting as agent and having the ability to access its internal sources of liquidity. In such a case the Client’s order may not be executed on an Exchange’s central trading system. Such trades will be reported as appropriate.

  • (ii) Morgan Stanley’s internal sources of liquidity include, without limitation, crossing against client order flow, client facilitation, market making or a proprietary trading strategy. In such circumstances Morgan Stanley may be trading as both the Client’s agent and as principal on Morgan Stanley’s own behalf.

D.8. Non-Readily Realisable Securities

Where Morgan Stanley acts as principal in executing a Transaction in an Investment which is not a packaged product or a readily realisable security (within the meaning of the FCA Rules), the unit price of the Transaction shall be either (a) the market price for the Investment then available on the Exchange on which such Investment is generally traded or (b) if no such price is available, such price as determined by Morgan Stanley on a reasonable efforts basis. Any reference in a contract or confirmation note to a market price shall be construed accordingly.

D.9. Limit Orders

Any limit order taken from the Client in respect of an Investment in which Morgan Stanley acts as market maker or otherwise as principal will be on the basis that:

  • (i) such order will not be executed unless and until the Investment concerned reaches the same or a higher price than that specified in the order (in the case of a sell order) or the same or a lower price than that specified in the order (in the case of a buy order) with a view to purchasing or selling (as the case may be) in the Investment concerned in the amount of the order; and

  • (ii) until such execution Morgan Stanley may buy the Investment (where the order was to buy) at a price equal to or lower than that stated in the order or sell it (where the order was to sell) at a price equal to or higher than that so stated, such purchase or sale being from or to any third party and for its own account or for that of any Associated Firm.

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D.10. Contingent Liability Transactions

The Client may enter into transactions with or through Morgan Stanley that may commit the Client to further payment or liability (“contingent liability transactions”). These may include written options where the Client will be obliged to make payment or delivery if the option is exercised against it, or contracts for differences such as swaps where the Client will be required to make variable payments depending on the performance of an index or other factor specified in the contract.

D.11. Collective Investment Schemes

The services provided hereunder may include execution of transactions in unregulated collective investment schemes.

E. EXCHANGE-TRADED DERIVATIVES TRANSACTIONS

Additional terms applicable to Exchange-Traded Derivatives Transactions are set out in the Schedule entitled Terms Relating to Exchange-Traded Derivatives at the back of this Agreement. These terms are in addition to the other provisions of this Agreement.

F. REPRESENTATIONS AND ACKNOWLEDGEMENTS

F.1. Representations etc.

  • F.1.1. By signing this Agreement the Client represents and warrants to Morgan Stanley that:

  • (i) Status: the Client is duly organised and existing under the laws of the jurisdiction of its organisation and, if relevant under such laws, in good standing;

  • (ii) Powers: the Client and any person designated by the Client has, and will at all times have, the power to enter into and deliver this Agreement and any other documentation relating to this Agreement, to enter into each Transaction or contract entered into pursuant thereto and to perform its or their obligations thereunder;

  • (iii) Obligations Binding: the Client’s obligations under this Agreement and each Transaction or contract entered into pursuant thereto constitute the Client’s legal, valid and binding obligations, enforceable in accordance with their terms (subject to applicable bankruptcy, insolvency, reorganisation, moratorium and similar laws relating to or affecting creditors' rights generally and to general equitable principles);

  • (iv) Consents: the Client and any person appointed by it to advise it or deal on its behalf has obtained and will maintain in effect all necessary authorisations, consents or approvals, exemptions, licences and notifications (including, without limitation, any required by any regulatory body) in connection with the entry into this Agreement and any Transactions and will comply with the terms of the same and with all applicable law;

  • (v) No Violation or Conflict : the execution, delivery and performance of this Agreement does not and will not conflict with any law applicable to the Client, any provision of its constitutional documents, any order or judgment of any court or other agency of government applicable to it or any of its assets or any provision of any agreement binding on or affecting it or any of its assets;

  • (vi) Acting as Principal: the Client is acting as principal, and not as agent, nominee, fiduciary (except where the Client has notified Morgan Stanley that it is the trustee of a trust) or otherwise in entering into and performing any actions under this Agreement;

  • (vii) Ownership of Assets: except where the Client is the trustee of a trust, the Client beneficially owns all assets held by Morgan Stanley in the Accounts, free of all encumbrances and/or adverse interests (other than those arising pursuant to the Customer Documents);

  • (viii) No Event of Default: no Event of Default has occurred or is continuing and no such event would occur as a result of the Client entering into or performing its obligations under this Agreement or any Transaction hereunder;

  • (ix) Litigation: no litigation, arbitration or administrative proceeding or claim is in progress, pending or, to the Client’s knowledge, threatened which could by itself or together with any other such proceedings or claims affect the legality, validity or enforceability of this Agreement or any Transaction or affect the Client’s ability to perform its obligations under this Agreement or any Transaction;

(x) ERISA: neither the Client nor any Agent acting on behalf of the Client is (a) an employee benefit plan (an “ ERISA Plan ”), as defined in Section 3 (3) of ERISA, subject to Title I of ERISA or Section 4975 of the U.S. Internal Revenue Code of 1986, as amended, (b) a person acting on behalf of an ERISA Plan or using the assets of an ERISA Plan, or (c) a person the assets of whom constitute assets of an ERISA Plan. In the event that the Client is in breach of any aspect of this representation or becomes aware that with the passing of time, giving of notice, or expiry of any applicable grace period it will breach this representation the Client will notify MSI plc immediately;

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  • (xi) Title: at any time the Client delivers, or is treated as delivering, to Morgan Stanley any securities or Equivalent Securities, it will have the full and unqualified right to make such delivery; and

  • (xii) Additional Representation where Client is Trustee: where the Client enters into this Agreement in the capacity of trustee of a trust, it:

(a) has been properly appointed as trustee of the trust, is empowered under the trust deed to enter into and deliver this Agreement and any other documentation relating to this Agreement, to enter into each Transaction or contract entered into pursuant thereto and to perform its or their obligations thereunder and is entitled to deal with all relevant trust assets and that it has complied with all internal management procedures of the trust and any other applicable procedural requirements;

(b) is absolutely entitled to pass full legal and beneficial ownership of all assets provided by it under this Agreement and each Transaction free of all encumbrances and/or adverse interests (other than those arising pursuant to the Customer Documents);

(c) is not in breach of the trust and has the right to be indemnified out of the assets of the trust for all obligations under this Agreement and each Transaction;

(d) has not lost and will not do anything or omit to do anything which may jeopardise or cause it to lose or in any way compromise its right to be indemnified in full out of the trust assets in respect of its obligations under this Agreement and each Transaction;

(e) it has an express right of indemnity from the assets of the trust in respect of Transactions entered into which are in breach of any aspect of the relevant terms of trust; and

(f) is not acting in breach of its fiduciary duties in entering into this Agreement or any Transaction.

  • (xiii) The Client is not: (a) a United States person; (b) a foreign person controlled by U.S. persons; or (c) a foreign person acting on behalf or in conjunction with U.S. persons, as such terms are defined or used in Regulation X issued by the Board of Governors of the Federal Reserve System under the Securities Exchange Act of 1934 (as amended) of the United States of America.

  • F.1.2. Compliance with Investment Restrictions: The Client represents and warrants that it, and its Agents, where applicable, will comply in all respects with any and all investment restrictions, as amended, supplemented,

updated or otherwise modified from time to time set forth in (a) any document, including, without limitation, any prospectus, statement of additional information, investment management agreement or (b) any law, regulation or guideline; in each case, governing the investment by the Client of its assets.

  • F.1.3. Relationship Between the Parties: In entering into this Agreement, entering into and performing any Transactions and receiving any services pursuant to this Agreement the Client represents, warrants and acknowledges that:

  • (i) Assessment and Understanding : it fully understands (on its own behalf or through independent professional advice), is capable of assessing the merits of, and accepts the purposes, terms, conditions and risks of, and is capable of assuming, and assumes the risks of, this Agreement and any Transactions and services contemplated by this Agreement;

  • (ii) Responsibilities : it has made its own independent decision as to whether this Agreement and such Transactions and services are appropriate or proper for it based on its own judgement and upon advice from such advisers as it has deemed appropriate.

  • (iii) Morgan Stanley not a Fiduciary: Morgan Stanley is not acting as the Client’s fiduciary or adviser. Neither the relationship between Morgan Stanley and the Client nor the services Morgan Stanley provides nor any other matter will give rise to any fiduciary or equitable duties on Morgan Stanley’s part. Morgan Stanley will not be responsible for determining whether a Transaction or service is suitable or appropriate for the Client; for determining whether a Transaction or service is consistent with the Client’s investment objectives or investment restrictions and is appropriate in light of the Client’s financial circumstances; for determining the appropriate frequency of Transactions executed on the Client’s behalf; for determining whether a Transaction has been authorised by the Client; or for disclosing the risks involved in entering into a Transaction, in each case, even if such matters would have been apparent on analysis of the Client’s positions or trading history or if such analysis might have revealed cause for concern;

  • (iv) Senior Management: the Client’s senior management will be involved, where appropriate, in reviewing and approving this Agreement and services related to this Agreement and has approved the entry by the Client into Transactions of the type contemplated by this Agreement; and

  • (v) No Reliance: it is not relying on any communication (written or oral) from Morgan Stanley as being investment, tax, legal or other advice or as a recommendation to enter into this Agreement or any Transaction or to receive

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any service. No such communication will be deemed as any opinion, representation, assurance or guarantee as to the expected results or the tax or other consequences of entering into this Agreement or any Transaction or the receipt of any such service.

  • F.1.4 MSI plc Representation: By signing this Agreement, MSI plc represents to the Client that it is duly authorised to enter into this Agreement with the Client as agent and trustee for and on behalf of each of the Morgan Stanley Companies.

  • F.2. Repetition of Representations

The Client shall be deemed to represent and warrant during the continuation of this Agreement, with reference to the facts and circumstances then existing, that each of the representations and warranties set out in paragraph F.1. above remains true, accurate and correct.

F.3. Valuations and Reports

F.3.1 Valuations: Morgan Stanley may provide the Client with various estimated non-actionable valuations of Transactions (including, without limitation, financial markets transactions or transactions involving Investments) or reports containing valuations of the Client’s positions or balances. In this connection, the Client acknowledges the following qualifications on valuations provided by Morgan Stanley:

Morgan Stanley will not be liable for any use or disclosure by the Client of, or any reliance by the Client on, any information contained in any valuation. Morgan Stanley makes no representation or warranty in relation to any such information, whether as to the correctness, completeness, sufficiency, or reliability for any purpose of such information, any entitlement of the recipient to receive, use, disclose or rely on such information or otherwise. In particular estimated valuations of Transactions or prices attributed to Investments are provided to the Client for information and internal purposes only, and are not intended for use for any other purpose including, without limitation, financial disclosure purposes, marketing, reporting (whether regulatory or otherwise), the determination of net asset value or for use by any third party. The valuation estimates or prices do not necessarily reflect Morgan Stanley’s internal bookkeeping or theoretical modelbased valuations of the Transactions or Investments for which a valuation or price is requested or provided and do not necessarily suggest that a market exists for the Transaction or Investments. In particular, certain factors may not have been assessed for purposes of valuations or prices including, for example, market conditions, the notional amount of a Transaction or holding, credit spreads, underlying volatility, costs of carry, use of capital and profit, which may substantially affect the value of any specific Transaction or holding of Investments. The valuation estimates or prices may vary significantly from valuation estimates or prices available from other sources and Morgan Stanley makes no representation or warranty with respect to such valuation estimates or prices shown. It is the Client’s responsibility to ensure that it is aware of the basis on

which information provided to it is prepared and whether it is appropriate for use for a particular purpose and the Client must always independently verify any such information and ensure the information is appropriate for any purpose for which it intends to use such information. Unless otherwise expressly stated, such valuation estimates or prices are not an offer to enter into, transfer or assign any Transaction, or terminate any Transaction, or a commitment by Morgan Stanley to make such an offer. An indicative valuation of a Transaction or Investment may differ substantially from an actionable value.

F.3.2 Reports: Morgan Stanley may provide the Client with various reports reflecting the Client’s positions and balances as well as other information. In this connection the Client acknowledges, in addition to the provisions of paragraph A.3.4, the following qualifications to such reports and information:

  • (i) The reports may reflect positions and balances held at various brokers, financial institutions or which may have been supplied by the Client or the Client’s agents. Whilst these positions may be reflected in reports provided by Morgan Stanley or recorded in the Client’s Account, they will not represent Morgan Stanley’s official books and records and will not have been independently verified by Morgan Stanley. Morgan Stanley accepts no responsibility for any such positions and balances or their inclusion in its reports and reserves the right to reverse or correct any such positions or balances if they are incorrect.

  • (ii) Morgan Stanley may from time to time provide the Client with information relating to a particular market or jurisdiction received from its global network of sub-custodian banks or other third party sources. Morgan Stanley will not have independently verified such information and will have no liability for any inaccuracies, errors or incomplete information provided by such third parties.

F.4. No Responsibility for Investment Objectives

The Client acknowledges that Morgan Stanley will not be monitoring any of the Accounts for the purposes of evaluating their composition or their or the Client’s performance and will not be aware of or monitoring the Client’s overall financial position, investment objectives or investment restrictions.

F.5. Research Recommendations

  • F.5.1. Receipt : Morgan Stanley may from time to time provide research reports and recommendations to the Client, but is under no obligation to do so. Where Morgan Stanley does provide such research reports and recommendations, the Client acknowledges that it may not receive them at the same time as other customers of Morgan Stanley.

  • F.5.2. Prior Internal Use : The Client acknowledges that employees and officers of Morgan Stanley

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may receive, have knowledge of, act upon or use research reports and recommendations (or any conclusions expressed thereon or research or analysis upon which they are based) before they are received by customers of Morgan Stanley. Morgan Stanley is under no obligation to take account of any such reports and recommendations when it deals with or for the Client.

F.6. Conflicts of Interests

  • F.6.1. Morgan Stanley hereby discloses that the following conflicts of interest may affect the Client:

  • (i) Morgan Stanley has acted, is acting or is seeking to act as a financial adviser or lending banker to the issuer (or any of its affiliated companies) or has advised or is advising any person in connection with a merger, acquisition or take over by or for such issuer (or any of its affiliated companies);

  • (ii) Morgan Stanley has sponsored or underwritten or otherwise participated in or is sponsoring or underwriting or otherwise is participating in a transaction;

by Morgan Stanley to any other person, or if the employees, officer or director who is dealing for or with the Client does not have actual notice of such matter, fact or thing.

  • F.7. Third Party Service Providers

From time to time Morgan Stanley may provide or make available to the Client, or to others acting with or on behalf of the Client, information regarding parties, which shall not include the Morgan Stanley Companies, that may provide goods or services to the Client (“ Service Providers ”). The Client acknowledges that Morgan Stanley does not guarantee or warrant the accuracy, reliability or timeliness of such information, or of the goods or services provided by any Service Providers. The Client agrees that Morgan Stanley shall have no liability whatsoever to the Client for any losses, claims, damages and liabilities suffered or incurred by the Client, and the Client shall indemnify and hold Morgan Stanley harmless from and against any and all losses, claims, damages and liabilities suffered by Morgan Stanley, arising out of or relating to, actions or omissions by the Service Providers, Morgan Stanley’s provision or making available of such information, or the Client’s selection or use of or reliance on such Service Providers.

G. OBLIGATIONS

  • (iii) Morgan Stanley has a holding, dealing, or market making position or may otherwise be trading or dealing in Investments or assets of any kind underlying, derived from or otherwise directly or indirectly related to such Investments;

  • (iv) Morgan Stanley has received or is receiving payments or other benefits for giving business to the firm with which the Client’s order is placed;

  • (v) Morgan Stanley has been or is an associate of an issuer (or any of its affiliated companies); and

  • (vi) Morgan Stanley is matching the Client’s transaction with that of any other client (including without limitation Morgan Stanley, any Associated Firm, connected customer or other customer of Morgan Stanley) either on behalf of such person as well as on behalf of the Client (“agency cross”) or by executing matching transactions at or about the same time with the Client and such person (“back to back principal trade”).

  • F.6.2. No further disclosure to the Client is required of any relationship, arrangement or interest which falls within the circumstances referred to in F.6.1. above and Morgan Stanley shall be entitled to retain any profit or benefit arising as if no such relationship, arrangement or interest existed.

  • F.6.3. Morgan Stanley shall not be obliged to disclose to the Client any matter, fact or thing if such disclosure would be a breach of any duty owed

G.1. Margin

The Client will provide MSI plc with Margin in accordance with the following provisions:

  • (i) The Client shall at all times hold in its Account or Accounts Margin with a value at least equal to the Client’s Margin Requirement. In determining the value of Margin, MSI plc may apply such haircut to the current market value of the Margin as it may determine in its sole discretion.

  • (ii) Where the value of Margin held by MSI plc is less than the Client’s Margin Requirement, MSI plc may (but is not obliged to) make a demand for further Margin (which may be oral or in writing and may require the Client to deliver additional Margin on the same day) and the Client will deliver or pay to MSI plc such further Margin within the period so specified for payment or delivery. Failure by MSI plc to make such demand will not in any way affect Morgan Stanley’s rights or the Client’s obligations under this Agreement.

G.2. Fees

  • G.2.1. The Client will pay fees to MSI plc for the prime brokerage services in accordance with the Fee Schedule, which may be amended upon reasonable notice. Such fees are in addition to any other fees, charges or costs that may apply, including, in relation to (i) the execution of Transactions, (ii) the failure of Transactions to clear, (iii) any other fees, charges or costs associated with any non-prime brokerage service,

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and (iv) the exercise by Morgan Stanley on behalf of the Client of any Corporate Action or voting rights relating to any Investment of the Client. MSI plc is entitled to deduct any fees, charges or costs from any Account.

  • G.2.2. Morgan Stanley charges comprise commission as notified separately to the Client from time to time and/or mark-up or mark-down. MSI plc’s charges vary according to the Transaction or service or client, and therefore the charges notified to the Client in respect of any particular transaction may differ from those incurred by another client in a similar transaction. Where Morgan Stanley uses its own internal sources of liquidity, it may retain a spread and an agreed commission in respect of certain trading strategies.

  • G.2.3. Morgan Stanley may share charges with Associated Firms or other third parties or receive remuneration from them in respect of Transactions carried out with or for the Client or it may be acting on both sides of a Transaction. Details of any such arrangements will be made available upon written request.

G.3. Indemnification

  • G.3.1. General Indemnity : The Client will fully indemnify each Indemnified Person on demand against any and all Claims which any Indemnified Person may suffer or incur directly or indirectly (including those incurred to a sub-custodian, broker, Executing Broker, Exchange, Clearing House or other regulatory authority) as a result, or in connection with, or arising out of (i) this Agreement and the Customer Documents, (ii) any Transaction effected with the Client or on the Client's instructions, (iii) acting on any other instructions of the Client whatsoever (iv) any services provided to the Client pursuant to this Agreement or the Customer Documents, (v) without limiting the foregoing, any breach by the Client of its obligations under this Agreement or the Customer Documents or any Transaction, (vi) any representation or warranty proving to be incorrect when made or repeated, or deemed to have been made or repeated and (vii) any claims, actions, proceedings or investigations arising out of or in connection with this Agreement or the Customer Documents or any Transaction hereunder. References herein to Transactions, instructions given by the Client, services to be provided to the Client or breaches by the Client of its obligations include Transactions entered into by, instructions given, services to be provided to, and breaches by, an Agent.

This indemnity will not extend to any Indemnified Person in so far as the Claims suffered by the same are a direct result of its fraud, wilful default or negligence or breach of applicable law or regulation by the Indemnified

Person, other than where the breach of law or regulation arises as a result of the Indemnified Person taking any action or inaction on the instructions of the Client or an Agent or as a result of the failure by the Client to take any action required to be taken by it under applicable law or regulation.

  • G.3.2. Currency Indemnity : If, under any applicable law (whether as a result of a judgment against the Client or its liquidation or for any other reason), any payment in connection with this Agreement is made or recovered in a currency other than that which it is required to be paid, then, to the extent that the payment to Morgan Stanley (when converted in accordance with Morgan Stanley’s usual practice on the date of receipt or recovery, or if it is not practicable to make that conversion on that date, on the first date on which it is practicable to do so) falls short of the amount unpaid under this Agreement, the Client will as a separate and independent obligation, fully indemnify Morgan Stanley against the amount of the shortfall, including, without limitation, any premiums and costs of exchange payable in connection with the purchase of the currency and/or conversion. For the purposes of this paragraph, it will be sufficient for Morgan Stanley to demonstrate that it would have suffered a loss had an actual exchange or purchase been made on such date.

  • G.3.3. Nothing in this Agreement will require the Client to indemnify or compensate MSI plc to any extent prohibited by the FCA Rules.

  • G.4. Taxes

  • G.4.1. Withholding : All amounts payable to Morgan Stanley under this Agreement or any Transaction shall be paid in full without set-off or counterclaim and, except to the extent required by law, free and clear of and without any deduction or withholding whatsoever. If the Client is required by law to make any deduction or withholding from any payment, it will pay to Morgan Stanley, simultaneously with making such payment, such additional amount as may be necessary to ensure that the net amount received by Morgan Stanley after all deductions and withholdings is equal to the amount which would have been received by Morgan Stanley had no such deduction or withholding been required.

  • G.4.2. Taxes Additional : All amounts payable by the Client under this Agreement or any Transaction are exclusive of applicable taxes and duties to which Morgan Stanley may be subject (other than taxes or duties on Morgan Stanley’s net income). The Client will pay such taxes and duties to Morgan Stanley at the same time as the amounts to which they relate.

  • G.4.3. Tax Claims : The Client will be fully responsible for payment of all taxes and duties

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and for the making of all claims in relation to any taxes or duties to which Morgan Stanley and/or the Client may be subject (other than taxes and duties on Morgan Stanley’s net income), whether for exemption from withholding taxes or otherwise, for filing all tax returns and for providing any relevant tax authorities with all necessary information in relation to any business Morgan Stanley carries on for or with the Client or any cash or Investments which Morgan Stanley holds on its behalf. The Client will indemnify Morgan Stanley on demand against any Claims suffered or incurred by Morgan Stanley as a result of any failure of the Client to comply with this paragraph.

  • G.4.4. Transfer Taxes : The Client will be responsible for and will pay promptly (and in any event before any interest or penalty becomes payable) any taxes or duties, including without limitation, any stamp, sales, transfer, documentary, withholding and other similar taxes and duties to which Morgan Stanley or the Client may be accountable or liable in relation to this Agreement or any related instruction, order or document (whether as a result of any Investments being registered in Morgan Stanley’s name or those of its nominee or otherwise) or which arises in connection with the services provided under or associated with this Agreement or any Transaction. The Client will notify Morgan Stanley where any transfer of Investments to an Account constitutes a transfer where Morgan Stanley may be required to pay or collect any taxes or duties contemplated in the foregoing, or to report the transfer of such Investments.

If the Client does not pay any amount when due under the terms of this Agreement, it will be required to pay interest to Morgan Stanley on such amount (before as well as after judgment) in the same currency as such overdue amount for the periods from (and including) the original due date for payment to (but excluding) the date of actual payment, at the Default Rate. Such interest will be calculated on the basis of daily compounding and the actual number of days elapsed.

G.6. Investment Adviser/Investment Manager

The Client may appoint an Agent to purchase, sell and trade generally in, exercise, and otherwise enter into, arrange and carry out Transactions and give other instructions relating to Investments, whether electronically or otherwise, and for the Client's account and risk and in the Client's name or number on Morgan Stanley’s books, including Transactions which will or may result in the Client having a short position in any such Investment. Morgan Stanley is authorised to accept and act on:

  • (a) any and all orders and instructions received in connection with such Transactions whether electronically or otherwise from an Agent; and

  • (b) any other instructions of the Agent in any respect concerning the Client's Account(s) (including, without limitation, delivering or otherwise transferring investments and/or paying monies as the Agent may order or direct, and whether or not any such delivery or other transfer is to be made against payment, or any such payment is to be made against delivery or other transfer).

  • G.7. Payment, Transfer and other Instructions

When requested, the Client will notify Morgan Stanley promptly of any information relating to the Client’s tax status or obligations which is required in order for Morgan Stanley to meet its tax or audit obligations. The Client will ensure that any information provided is accurate and will notify Morgan Stanley promptly of any change to such information.

The Client will indemnify Morgan Stanley on demand against any Claims suffered or incurred by Morgan Stanley as a result of the Client’s failure to pay any such taxes or duties, or any delay or omission by the Client in paying any such taxes or duties or in the provision of such information, together with any incidental costs associated therewith, including (without limitation) any disbursements, costs, resource costs or the costs of external advisers incurred in response to investigations, enquiries, or other administrative or judicial actions, processes or procedures instigated by any revenue or other governmental authority in any jurisdiction.

G.5. Default Interest

  • G.7.1. Instructions : Morgan Stanley shall be entitled without further inquiry to execute or otherwise act upon instructions or purported instructions, whether in electronic form or otherwise, received from persons who reasonably appear to Morgan Stanley to have authority to act on behalf of the Client including, without limitation, an Agent notwithstanding that it may afterwards be discovered that such instructions were not genuine or were not issued by an authorised person. Such execution or action shall, in the absence of negligence, wilful default or fraud of Morgan Stanley, constitute a good discharge by Morgan Stanley of its obligations and it shall not be liable for any actions taken or omitted to be taken in good faith in reliance on such instructions nor shall it be liable for any error, omission or inaccuracy in any transmission as received by Morgan Stanley. Subject to the foregoing, an instruction (sent by any method) will only be effective if actually received by Morgan Stanley.

  • G.7.2. Cash Payments Instructions and Securities Transfera Instructions: The Client will from time to time notify MSI plc in writing of the

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names of the people who are authorised to give Cash Payments Instructions and Securities Transfers Instructions on its behalf by providing MSI plc with a Cash Payments and Securities Transfers Authorisation. Regardless of the method of instruction, until MSI plc receives written notice to the contrary, it is entitled to assume that any of those people have full and unrestricted power to give Cash Payments Instructions and Securities Transfers Instructions on the Client’s behalf.

  • G.7.3. Online Cash Instructions : MSI plc may agree to accept Cash Payment Instructions from the Client through Morgan Stanley’s online cash instruction system which will automatically generate an instruction to the respective agent bank. MSI plc will not check or monitor such instructions before they are issued to the agent bank and accepts no liability for any errors or omissions contained therein. It will be the Client’s responsibility when using these systems to ensure that any user identifications and/or passwords used by it and/or any Authorised User are kept secure and the protection of any specific system access password will be the responsibility of the Client. MSI plc will be entitled to assume that instructions received via these systems are instructed by an authorised person.

  • G.7.4. SWIFT Cash Instructions : MSI plc may agree to accept Cash Payment Instructions from a SWIFT Bank Identifier Code specified by the Client. The Client authorises MSI plc to accept and act on such Cash Payments Instructions and acknowledges that SWIFT messages may not include the name of the person giving the instruction. MSI plc will not check or monitor such instructions before they are issued to the agent bank and accepts no liability for any errors or omissions contained therein. It will be the Client’s responsibility when using SWIFT to ensure that any user identifications and/or passwords used by it and/or any authorised person are kept secure and the protection of any specific system access password will be the responsibility of the Client. MSI plc will be entitled to assume that instructions received via SWIFT are instructed by an authorised person.

  • G.7.5 Other Methods of Instruction : Transfer or Cash Payment Instructions may not be given by any other means, including by way of electronic mail, unless expressly agreed by MSI plc.

  • G.7.6 Transfer Instructions : In carrying out instructions to make transfers of assets (whether from an Account of the Client’s to another prime brokerage account held by a different client or from an Account to an account held by a third party with an external custodian) MSI plc shall be performing a purely administrative function. Subject to G.7.1, MSI plc is entitled to assume that

instructions presented by the transferor in the required form are valid and it may act on such instructions accordingly. MSI plc will not undertake any review of instructions for the purposes of determining their validity including, for example, suitability or appropriateness or compliance with any investment restrictions, or for the purposes of determining that the Client receives fair value for the assets.

G.8. Confidentiality, and Information

  • G.8.1. Confidentiality : Both Morgan Stanley and the Client will treat as confidential the Confidential Information learned about the other in the course of the relationship governed by this Agreement. Except as otherwise provided in this paragraph, neither the Client nor Morgan Stanley will disclose the Confidential Information to any third party without the other's written consent. The provisions of this paragraph G.8 shall replace and supersede any prior agreement between the parties as to the confidentiality of any Confidential Information.

  • G.8.2. Permitted Disclosure :

  • (i) Each of Morgan Stanley and the Client authorises the other to disclose any information or take any act required by law, rule, regulation, order, directive or announcement in any jurisdiction, or that is requested by any self regulating organisation, Exchange, Clearing House or any other body having regulatory or tax or enforcement responsibility in relation to any business conducted by them except where paragraph G.8.2 (iv) applies.

(ii) The Client authorises Morgan Stanley to disclose to the Client’s investment manager, investment adviser, auditor, administrator and other advisers or Agents, or to third party services providers (including Service Providers) in connection with the provision of services to the Client or to Morgan Stanley in connection with this Agreement and the services contemplated thereunder, any information relating to the Accounts or otherwise (including but not limited to Confidential Information) as they may from time to time request and Morgan Stanley may disclose any such information to other third parties, including but not limited to investors, at the direction of the Client’s investment manager investment adviser, administrator and other advisers or Agents. The Client will indemnify Morgan Stanley against any loss or liability it may suffer or incur as a result of any such disclosure.

  • (iii) Nothing in paragraph G.8.1. shall prevent one Associated Firm disclosing such information to another Associated Firm.

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  • (iv) Neither Morgan Stanley nor the Client will disclose information of the kind specified in section 275(1) of the PPSA unless otherwise required by section 275(7) of the PPSA.

  • G.8.3. Provision of Information : The Client will provide Morgan Stanley on demand with all such information as Morgan Stanley may reasonably request in connection with this Agreement, any Transaction or the Client’s ability to perform its obligations hereunder.

financial obligation in an amount greater than U.S. $250,000 (or its equivalent in any other currency or currencies) is not paid or met at its stated maturity (or within any applicable grace period) or by reason of any default, event of default, termination event or the like on the Client’s part becomes due prior to its stated maturity or, if payable or repayable on demand, when so demanded;

  • (viii) Suspension of NAV/redemptions: The net asset value calculation of the Client or the redemption of investor interests in respect of the Client is suspended, restricted or delayed for any reason;

  • H. EVENTS OF DEFAULT

The occurrence at any time of any of the following events will be an “ Event of Default ” for the purposes of this Agreement:

  • (i) Failure to Pay or Deliver : The Client fails to make any payment or delivery or meet any Margin call, in each case, upon the due date or within the period specified;

  • (ii) Breach of Agreement : The Client fails to perform any other material obligation hereunder and, if such failure is capable of remedy, such failure is not remedied on or before the second Notice Business Day after notice of such failure is given to the Client;

  • (iii) Act of Insolvency : An Act of Insolvency occurs or any enforcement action is taken in respect of any security or arrangement having a similar effect to security with respect to the Client;

  • (iv) Misrepresentation : Any representation made by the Client proves to have been incorrect or untrue in any material respect when made or repeated, or deemed to have been made or repeated;

  • (v) Admission of Inability or Unwillingness to Perform : The Client admits to Morgan Stanley or any other person its inability to, or intention not to, perform any of its obligations under the Customer Documents and/or any Transaction;

  • (vi) Regulatory Suspensions : The Client is suspended from membership of, or participation in, any Exchange, Clearing House or association or self-regulating organisation, or suspended from dealings in Investments by any government agency;

  • (vii) Cross Default :

  • (a) in relation to the Client or any of its affiliates, a default, event of default, termination event or the like occurs or is declared under any other agreement of whatever nature with Morgan Stanley or any Associated Firm;

  • (b) in relation to the Client or any of its affiliates, any indebtedness or other

  • (ix) Material Adverse Change : The Client suffers a material adverse change in its financial condition, results, properties, business or operations as determined by MSI plc in its absolute discretion;

  • (x) Ceasing to be a Trustee: Where the Client is the trustee of a trust, it ceases to be trustee of the trust for any reason whatsoever;

  • (xi) Insolvency of Trust Fund : Where the Client is a trustee of a trust, the liabilities of the trust fund exceed the market value of its assets or the trustee is unable to satisfy all of its liabilities incurred as trustee in full by proper recourse to the assets of the trust fund;

  • (xii) Invalidity of Security: MSI plc reasonably determines that the Security is or may be invalid, unenforceable, prejudiced or otherwise ineffective in whole or in part for any reason whatsoever; or

  • (xiii) Impossibility/Illegality: The Client is prevented from making any payment or delivery or it becomes impossible, impracticable or illegal for the Client to make any payment or delivery.

The Client will notify MSI plc immediately of the occurrence of an Event of Default or of an event which with the passing of time, giving of notice, expiry of any applicable grace period or the making of any determination by MSI plc may constitute an Event of Default.

I. USE OF INVESTMENTS

I.1. Use of Investments

  • (i) The Client hereby authorises any Morgan Stanley Company at any time or times to borrow, lend, charge, rehypothecate, dispose of or otherwise use for its own purposes any Investments which are for the time being subject to the Security in an amount up to but no greater than the Adjusted Value without giving notice of such borrowing, lending, charge, rehypothecation, disposal or other use to the Client. Such Morgan Stanley Company may retain for its own account all fees, profits and other benefits received in connection with any such borrowing, loan or use. Upon (i) a

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borrowing, lending or other use, such Investments will become the absolute property of that Morgan Stanley Company (or that of its transferee) free from the Security and from any equity, right, title or interest of the Client’s and (ii) a charge or rehypothecation of any of the Client’s Investments, all of those Investments, including the Client’s interest in those Investments, will be subject to the charge or other security interest created by such charge or rehypothecation. Upon any such use, the Client will have a right against the Morgan Stanley Company (and to the extent that such Morgan Stanley Company fails to deliver Equivalent Investments, to MSI plc) for the delivery of Equivalent Investments in accordance with paragraph I.2. No Morgan Stanley Company will be permitted to exercise its right of use in relation to any additional Client Investments at any time following the occurrence of a MSI plc Act of Insolvency.

  • (ii) Where a Morgan Stanley Company borrows, lends or otherwise uses Hong Kong Securities any such borrowing, lending or use shall be effected by way of a loan of the relevant securities by the Client to the Morgan Stanley Company under the OSLA. The Morgan Stanley Company shall not be required to issue a Borrowing Request (as defined in the OSLA) in respect of any such loan made.

  • (iii) MSI plc shall determine the Adjusted Value and the Equivalent Dollar Value of Investments used under I.1. on a daily basis. In valuing any Investments for the purposes of this paragraph I.1. MSI plc shall rely on the value given by any reputable pricing source and, in the absence of any such value or (if MSI plc determines that such value is, in its reasonable opinion, inaccurate), such value as MSI plc reasonably determines.

Client charges to MSI plc for itself and as trustee for the other Morgan Stanley Companies by way of first fixed charge and assigns by way of security with full title guarantee and free from any adverse interest whatsoever:

(i) all rights, title and interest of the Client in or in respect of Investments and other assets not falling within sub-paragraphs (ii) to (vi) below constituted by credits standing from time to time to any Account; (ii) all Investments which, or the certificates or documents of title to which, are for the time being deposited with or held by a Morgan Stanley Company; (iii) all other Investments and all rights, cash (including, without limitation, dividends) and property whatsoever which may from time to time be derived from, accrue on or be offered in respect of any Investments referred to in sub-paragraphs (i) and (ii) above, whether by way of Corporate Action or otherwise howsoever;

(iv) all cash for the time being credited to any Account; (v) all rights of the Client arising in respect of any Investments or cash referred to in subparagraphs (i) to (iv) above, including, without limitation, any rights against any custodian, banker or other person; (vi) all rights of the Client under this Agreement and the Customer Documents (including those existing after any netting or set off of amounts owed under such Customer Documents) including, without limitation, all rights of the Client to delivery of Equivalent Investments and Equivalent Securities;

I.2. Redelivery of Used Investments

The relevant Morgan Stanley Company or MSI plc on behalf of such Morgan Stanley Company may deliver, or procure the delivery of, Equivalent Investments to the Client under paragraph I.1. by causing such Investments to be transferred, appropriated or designated to the Account in which such Investments were held prior to such use or, if not possible to do so, or if an Event of Default has occurred, to such other Account or Accounts subject to the Security as it shall determine. Such Investments will upon such transfer, appropriation or designation become subject to all the provisions of this Agreement, including without limitation, those of Section J and this Section I.

J. SECURITY

  • (vii) all sums of money held by any Morgan Stanley Company for the Client, the benefit of all accounts in which any such money may from time to time be held and all the Client’s rights, title and interest under any trust relating to such money or to such accounts as aforesaid,

but, in each case, so that the covenants implied by the Law of Property (Miscellaneous Provisions) Act 1994 in the charges contained in or created pursuant to this Agreement are construed with the omission of (A) the words “other than any charges, encumbrances or rights which that person does not and could not reasonably be expected to know about” in section 3(1) of that Act; and (B) section 6(2) of that Act.

J.2. Withdrawals

J.1. Security

Charge : As continuing security for the payment and discharge of all Liabilities, the

J.2.1. The Client may request Morgan Stanley (either orally, in writing or by electronic transmission and either expressly or impliedly) to deliver

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cash and/or Investments from an Account to a third party. Such request is subject to the provisions of the Security and this Agreement. If Morgan Stanley permits delivery of such cash and/or Investments from an Account to a third party then, on the relevant delivery being made, the relevant cash and/or Investments shall be automatically released from the Security.

  • J.2.2. Permitting any withdrawal of Investments and/or cash from an Account, or a series of such withdrawals, will not commit Morgan Stanley to permit any other withdrawals from the Accounts.

  • J.3. Supplemental Provisions Relating to the Security

  • J.3.1. Continuing Security : The Security is continuing and will extend to the ultimate balance of all the Liabilities, regardless of any intermediate payment or discharge in whole or in part.

  • J.3.2. Security Unaffected : The Security is in addition to any other security, guarantee or indemnity now or subsequently held by Morgan Stanley in respect of the Liabilities and the Security is not in any way prejudiced by any other such security, guarantee or indemnity. Morgan Stanley may at any time and without reference to the Client give up, deal with, vary, exchange or abstain from perfecting or enforcing any other such security, guarantee or indemnity at any time and discharge any party thereto, and realise the same as it thinks fit without in any way affecting or prejudicing the Liabilities or the Security. The Client acknowledges that the Security shall not in any way be affected by the level of Margin required pursuant to Section G.

  • J.3.3. Further Assurance : For the purpose of perfecting or enforcing the Security, if MSI plc so requests at any time or times the Client will promptly execute and sign all such transfers, assignments, powers of attorney, further assurances or other documents and do all such other acts and things as may reasonably be required to realise the Security or vest any of it in MSI plc or to its order or to a purchaser or transferee or to perfect or preserve the rights and interests of MSI plc and the other Morgan Stanley Companies in respect of the Security (including, without limitation, the institution and conduct of legal proceedings) or for the exercise by Morgan Stanley of all or any of the powers, authorities and discretions conferred on Morgan Stanley by this Agreement. The Client hereby by way of security irrevocably appoints each Morgan Stanley Company severally as its attorney to execute any such transfers, assignments, powers of attorney, further assurances or other documents and do all such other acts and things as aforesaid for the purpose of perfecting or enforcing the

Security, or attempting to do so. The Client hereby ratifies and confirms and agrees to ratify and confirm the exercise or purported exercise by a Morgan Stanley Company of the power of attorney.

  • J.3.4. Law of Property Act : Sections 93 (restriction of right of consolidation) and 103 (restriction of right of sale) of the Law of Property Act 1925 will not apply to this Agreement. The Liabilities will become due for the purposes of section 101 of the Law of Property Act 1925, and the statutory power of sale and of appointing a receiver which are conferred on the Morgan Stanley Companies under that Act (as varied or extended by this Agreement) and all other powers shall be deemed to arise immediately after execution of this Agreement.

  • J.3.5. Avoidance of Payments: If Morgan Stanley reasonably determines that any payment received or recovered by Morgan Stanley may be avoided or invalidated after the Liabilities have been discharged in full, and after any facility which might give rise to such Liabilities has been terminated, this Agreement (and the Security created thereby) will remain in full force and effect and Morgan Stanley will not be obliged to release any cash or Investments charged under the Security until the expiry of such period as Morgan Stanley shall reasonably determine.

  • J.3.6. No Release : No payment which may be avoided or adjusted under any law, including any enactment relating to bankruptcy or insolvency, and no release, settlement or discharge given or made by Morgan Stanley on the faith of any such assurance, security or payment, shall prejudice or affect the right of Morgan Stanley to recover the Liabilities from the Client or to enforce the Security to the full extent of the Liabilities.

  • J.3.7. Negative Pledge: The Client will not create or have outstanding any mortgage, pledge, lien, hypothecation, security interest or other charge or encumbrance, or any other agreement or arrangement having the same economic effect, over or in respect of the present or future Charged Assets (other than for any security created under the Customer Documents).

  • J.3.8. Continuation of Accounts: At any time following (i) Morgan Stanley receiving notice (either actual or otherwise) of any subsequent security interest affecting any assets subject to the Security or (ii) the occurrence of any Act of Insolvency in respect of the Client, Morgan Stanley may open a new Account in the Client’s name (whether or not Morgan Stanley permits any existing Account to continue). If Morgan Stanley does not open such a new Account, Morgan Stanley will nevertheless be treated as if Morgan Stanley had done so at the time, as the case may be, when the notice was received or deemed to have been received of

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the subsequent security interest or at the time of the Act of Insolvency. No cash or Investments thereafter paid into any Account, whether new or continuing, shall discharge or reduce the amount receivable pursuant to this Agreement.

  • J.3.9 Protection of Third Parties : No purchaser from, or other person dealing with, Morgan Stanley shall be concerned to enquire whether any of the powers exercised or purported to be exercised has arisen or become exercisable, whether the Liabilities remain outstanding or as to the propriety or validity of the exercise or purported exercise of any power; and the title of such a purchaser and the position of any such person shall not be impeachable by reference to any of those matters and the protections contained in sections 104 to 107 of the Law of Property Act 1925 shall apply to any person purchasing from or dealing with Morgan Stanley.

  • J.3.10. Receipts : The receipt of Morgan Stanley shall be an absolute and a conclusive discharge to a purchaser and shall relieve the purchaser of any obligation to see to the application of any moneys paid to or by the direction of Morgan Stanley.

  • J.3.11. Construction : In paragraphs J.3.9. and J.3.10. " purchaser " includes any person acquiring for money or money's worth any security interest over, or any other interest or right whatsoever in relation to the Charged Assets.

  • J.3.12. Certificate of Borrowings : For all purposes, including any legal proceedings, a certificate by any officer of MSI plc as to the sums and/or liabilities for the time being due to or incurred by MSI plc shall be conclusive in absence of manifest error.

  • J.4. Enforcement

  • J.4.1. Enforceability : Without prejudice to Morgan Stanley’s rights under paragraphs J.5., K.1. and K.2., on or at any time after the occurrence of an Event of Default in relation to the Client and without prior notice or demand on the Client, MSI plc (for itself and as agent, or as the case may be, trustee on behalf of the other Morgan Stanley Companies) may enforce the Security and exercise all the powers and rights of a mortgagee conferred by statute or otherwise and (without prejudice to the generality of the foregoing) may (i) appropriate , sell or otherwise dispose of all the title to and interest in any asset subject to the Security or (as MSI plc may elect and without prejudice to any later exercise of this power) the whole or part of the equitable interest divested of the legal title for such consideration (which may comprise or include Investments), upon such terms and generally in such manner as MSI plc may, in its sole and absolute discretion, think fit provided that (a) where Morgan Stanley sells or disposes

of any such assets Morgan Stanley shall use its reasonable endeavours to obtain a fair value where reasonably obtainable in the circumstances; and (b) where Morgan Stanley appropriates assets pursuant to this paragraph J.4.1. the value given to such assets shall be the Net Value (such appropriated assets being treated as Receivable Investments for this purpose); and (ii) apply all or any part of any cash credited to an Account or the value of any appropriated assets towards the discharge of the Liabilities upon such terms and generally in such manner as MSI plc may, in its sole and absolute discretion, think fit.

  • J.4.2. Application of Net Proceeds : The net proceeds of any enforcement will be applied towards discharge of the Liabilities in such order as MSI plc in its sole discretion shall determine. Subject to paragraph J.3.5, the Client will be entitled to any balance remaining after the unconditional and irrevocable discharge of all Liabilities. In the event of a shortfall, the Client will immediately on demand pay to each relevant Morgan Stanley Company the balance remaining due to it.

  • J.4.3. Other Means of Enforcement : If the Client fails to discharge any Liabilities when due, Morgan Stanley may, but is not bound to, resort to any other reasonable means of obtaining discharge at any time and in any manner or order it thinks fit, without thereby affecting the Security.

  • J.4.4. Suspense Account: Morgan Stanley may, for the purpose of enabling it to maximise its recoveries in any actual or potential windingup, dissolution or analogous proceeding relating to the Client, or prior to the application of any amounts, credit any amounts received or recovered by it in exercise of its rights under this Agreement (including Section P) to, and require the same to be paid to it for crediting to, an interest bearing suspense account for so long and in such manner as it may determine.

  • J.4.5. PPSA disapplied: The provisions of the PPSA specified in paragraphs (a) to (r) inclusive of section 115 of the PPSA will not apply in relation to any Charged Assets the subject of a security interest established under or contemplated by this Agreement, to the extent that this is permitted by the relevant paragraph of section 115 of the PPSA in relation to that provision.

  • J.4.6 PPSA exclusion of notice requirement: To the extent not prohibited by the PPSA, the Client waives its right to receive any notice otherwise required to be given by Morgan Stanley under section 157 (verification statements) or any other provision of the PPSA.

  • J.5. Limited Close-Out

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  • J.5.1. Termination: Without prejudice to Morgan Stanley’s rights under paragraph K.1. and K.2., or under paragraph J.4.1., on or at any time after the occurrence of an Event of Default in relation to the Client, MSI plc may serve a notice to the Client (a “ Termination Notice ”) (and so that MSI plc may serve one or more Termination Notices at any time while an Event of Default is continuing) whereupon all or such of the following as may be specified in the Termination Notice shall occur:

  • (i) the Settlement Facility will be terminated and all Equivalent Securities that the Client is required to deliver under paragraph B.2.(v) will be immediately deliverable;

  • (ii) all Equivalent Investments in respect of which the Client has a right of delivery under paragraph I.2. will be deliverable;

  • (iii) such outstanding Exchange-Traded Derivatives Transactions as may be specified in the Termination Notice will be terminated in accordance with the terms of the MNA;

  • (iv) such outstanding FX Transactions as may be specified in the Termination Notice will be terminated,

so that the performance of the respective obligations of the parties with respect to all such payments and deliveries shall be effected only in accordance with paragraphs J.5.2. to J.5.3. below.

  • J.5.2 . Amounts Determined. MSI plc will establish as at the date on which the Termination Notice was served:

  • (i) the Default Market Value of all Equivalent Securities and Equivalent Investments to be delivered by or to the Client under paragraph J.5.1(i) and (ii);

  • (ii) the Liquidation Amount in respect of all Exchange-Traded Derivatives Transactions terminated under paragraph J.5.1 (iii); and

  • (iii) the Loss of each party in respect of all FX Transactions terminated under paragraph J.5.1(iv).

  • J.5.3 . Netting: On the basis of the amounts so established, an account shall be taken (as at the date on which the Termination Notice was served) of what is due from each party to the other under paragraph J.5.2. and the amounts due from one party shall be set off against the amounts due from the other and only the balance of account shall be payable by the party having the claim valued at the lower amount pursuant to the foregoing. Any such balance shall be payable by that party on demand by the other party. For the purposes of

  • this calculation, all sums not denominated in U.S. Dollars shall be converted to U.S. Dollars at the then current market exchange rates. Paragraphs K.2.1.(ii) and (iii) shall apply in respect of any amount payable under this paragraph as if references in those paragraphs to the Termination Amount were a reference to the amount payable under this paragraph.

  • J.5.4 The provisions of J.5.1 to J.5.3. shall apply separately between each Morgan Stanley Company and the Client as if such Morgan Stanley Company were party to a separate agreement with the Client in all respects identical to this Agreement.

K. EARLY TERMINATION, NETTING AND SET OFF

The provisions of paragraphs K.1. and K.2. shall apply separately between each Morgan Stanley Company and the Client as if such Morgan Stanley Company were party to a separate agreement with the Client in all respects identical to this Agreement.

K.1. Early Termination

  • K.1.1. Early Termination: (i) Upon or following the occurrence of an Event of Default, without prejudice to any other rights hereunder or under any transaction, contract or law, or (ii) following the occurrence of an MSI plc Act of Insolvency, the relevant Morgan Stanley Company may by notice to the Client in the case of (i), or the Client may by notice to MSI plc in the case of (ii) (in either case a “ CloseOut Notice ”), declare that the provisions of paragraphs K.1.2. to K.1.4. and K.2. will apply.

  • K.1.2. Service of Close-Out Notice:

  • (i) Service of a Close-Out Notice under paragraph K.1.1. by a Morgan Stanley Company shall constitute an immediate event of default or termination event (howsoever the same are described) under such Customer Documents as may be specified in the Close-Out Notice (each such Customer Document being a “ Designated Customer Document ”), whether or not the Event of Default in question would otherwise constitute an event of default or termination event under any such Designated Customer Document and without the need for the service of a separate notice under any such Designated Customer Document, but so that the service of a Close-Out Notice in respect of one Customer Document shall not prevent Morgan Stanley from serving a Close-Out Notice in respect of any other Customer Document at any time.

  • (ii) Service of a Close-Out Notice by the Client shall constitute an Event of Default under this Agreement in respect of MSI plc (but in respect of no other Morgan Stanley Company) and this

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Agreement shall be a “Designated Customer Document” for the purposes of paragraphs K.1.3. and K.1.4..

  • K.1.3. No Further Payments or Deliveries: No further payments or deliveries under the Designated Customer Documents in respect of outstanding Transactions will be required to be made, but without prejudice to the other provisions of the Designated Customer Documents, and:

  • (i) all outstanding Transactions under the Designated Customer Documents (other than Exchange-Traded Derivatives Transactions and FX Transactions entered into under this Agreement) will, to the extent possible, be terminated immediately in accordance with their terms and any Transactions under the Designated Customer Documents will be dealt with in accordance with the relevant default, close out or termination provisions of any such Designated Customer Document;

  • (ii) where this Agreement is a Designated Customer Document, the Loan will be immediately repayable;

  • (iii) where this Agreement is a Designated Customer Document, the Settlement Facility will be terminated immediately and Equivalent Securities that the Client is required to deliver under paragraph B.2.(v) will be immediately deliverable;

  • (iv) where this Agreement is a Designated Customer Document, Equivalent Investments in respect of which the Client has a right of delivery under paragraph I.2. will be immediately deliverable;

  • (v) where this Agreement is a Designated Customer Document, all outstanding Exchange-Traded Derivatives Transactions will, to the extent possible, be terminated immediately in accordance with the terms of the MNA;

  • (vi) where this Agreement is a Designated Customer Document, all outstanding FX Transactions will, to the extent possible, be terminated immediately;

  • (vii) where this Agreement is a Designated Customer Document, all outstanding Transactions not falling within any other subparagraph of this paragraph K.1.3. will, to the extent possible, be terminated immediately; and

  • (viii) all other amounts due but unpaid under the Designated Customer Documents (including, where this Agreement is a Designated Customer Document, without limitation, any fees owing to Morgan Stanley and any amounts payable under Section P) will be immediately payable and so that where this paragraph

applies, performance of the respective obligations of the parties with respect to all the payments, repayments and deliveries shall be effected only in accordance with paragraphs K.1.4. and K.2. below.

Notwithstanding the Security and provided an Act of Insolvency shall not have occurred (in which case this sub-paragraph shall not apply), if Morgan Stanley or the Client serves a CloseOut Notice under paragraph K.1.1., all rights of the parties under each Designated Customer Document shall be subject to the provisions of paragraphs K.1. and K.2. and the Security shall be released in respect of such rights to the extent necessary under any applicable law to enable the operation of the netting pursuant to paragraph K.2..

  • K.1.4 Amounts Determined: Where this Agreement is a Designated Customer Document, the amount of the Loan to be repaid by the Client shall be determined by MSI plc. The NonDefaulting Party will establish as at the date of the Default Event:

  • (i) the Default Market Values of all Investments, Equivalent Securities and Equivalent Investments to be delivered by each party under any Transaction terminated under paragraph K.1.3.(i) and, where this Agreement is a Designated Customer Document, to be delivered by each party under paragraphs K.1.3. (iii), (iv) and (vii);

  • (ii) the purchase prices to be paid by each party in respect of securities purchased by that party under transactions executed with Morgan Stanley;

  • (iii) where this Agreement is a Designated Customer Document, the Loss of each party in respect of all FX Transactions and other Transactions (other than Exchange Traded Derivatives Transactions) under this Agreement terminated in accordance with this Section K (other than Transactions for the delivery of securities);

  • (iv) the Liquidation Amount with respect to the Exchange-Traded Derivatives Transactions or, to the extent that it is not possible to determine the Liquidation Amount in accordance with the MNA, the Loss in respect of such Transactions; and

  • (v) all other amounts payable under paragraph K.1.3.(viii).

Provided that no account shall be taken under this paragraph or under paragraph K.2.1 of any Investments which are credited to an Account and held by MSI plc as custodian or any money which the parties have agreed is to be treated as client money for the purposes of and subject to the FCA Rules.

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K.2. Netting

  • K.2.1. Netting:

  • (i) On the basis of the amounts established in accordance with paragraph K.1.4., an account shall be taken (as at the date of the Default Event) of (a) what is due from each party to the other under this Agreement and (b) any amounts due from one party to the other as a result of an early termination or close-out of any Designated Customer Document and the amounts due from one party shall be set off against the amounts due from the other and only the balance of the account (the “ Termination Amount ”) will be payable by the party having the claim valued at the lower amount pursuant to the foregoing. For the purposes of this calculation, all sums not denominated in U.S. Dollars shall be converted into U.S. Dollars at the then current market exchange rates;

  • (ii) if the Termination Amount is payable by the Client to Morgan Stanley, that amount is immediately due and payable and will form part of the Liabilities in respect of which Morgan Stanley may enforce the Security or any of its other rights under this Agreement or otherwise; and

  • (iii) if the Termination Amount is payable by Morgan Stanley to the Client, subject to K.3.2., that amount shall be paid into such Account as Morgan Stanley shall determine and be subject to the terms of this Agreement or, if the operation of this Section K is pursuant to K.1.1.(ii) then such amount shall be paid by MSI plc as the Client directs.

  • K.2.2. Statement : On or as soon as reasonably practicable following the calculations made under K.2.1., the Non-Defaulting Party will provide to the other party a statement showing such calculations in reasonable detail.

K.3. Other Rights

  • K.3.1. Pre-condition to Payment and Deliveries : As a separate and further protection to Morgan Stanley, the Client agrees that where the Client has failed to provide Margin demanded pursuant to paragraph G.1. or otherwise failed to perform its obligations under any Transactions or otherwise under this Agreement (whether or not the Security is enforceable or being enforced) any obligation Morgan Stanley may have to pay or repay any money or deliver or redeliver any asset (whether as Margin or otherwise) otherwise than under and in accordance with paragraphs K.1. and K.2. will be conditional upon there being no Liabilities.

  • K.3.2. Set-off : As between each Morgan Stanley Company and the Client, whether or not an Event of Default has occurred, any Liabilities

owed to that Morgan Stanley Company will, at that Morgan Stanley’s Company's option (and without prior notice to the Client), be reduced by its set-off against any amount(s) payable (whether or not then due and owing) to the Client by that Morgan Stanley Company under the Customer Documents (and any such amount(s) payable by that Morgan Stanley Company will be discharged to the extent it is so set-off). Morgan Stanley will give notice to the Client after any set off is effected under this paragraph.

  • K.3.3. Combination of Accounts : As between each Morgan Stanley Company and the Client, a Morgan Stanley Company may, at any time following an Event of Default, without notice to the Client combine, consolidate or merge all or any of the Accounts with that Morgan Stanley Company with any Liabilities owed to that Morgan Stanley Company and may set off any amount standing to the credit of any such Accounts in or towards satisfaction of any of the Client's Liabilities to that Morgan Stanley Company. Each Morgan Stanley Company may do so notwithstanding that the balances on such Accounts and the Liabilities may not be expressed in the same currency and a Morgan Stanley Company is hereby authorised to effect any necessary conversions in accordance with paragraph K.4..

  • K.3.4 Transfers between Morgan Stanley Companies : Each Morgan Stanley Company is authorised by the Client in its discretion at any time and from time to time to transfer any money or investments held by the Morgan Stanley Company for the Client's account to or to the order of any other Morgan Stanley Company for the purpose of, or with a view to, application thereof in discharge of any Liabilities due from the Client to such other Morgan Stanley Company, or in order to meet any obligation of the Client to provide Margin in relation to such Liabilities.

  • K.4. Conversion

The Client agrees that Morgan Stanley may at any time for the purposes of reducing or determining a Liability, giving effect to the provisions of paragraphs K.3.2. or K.3.3., converting a payment received in a currency other than that in which it was due, or otherwise, (i) convert any Liabilities owed or cash held in one currency into another currency using Morgan Stanley's current exchange rates or other reasonable rates as Morgan Stanley deems appropriate in good faith and/or (ii) convert any obligation to deliver non-cash property into an obligation to deliver cash in such amount as is determined by Morgan Stanley as appropriate in good faith, save that, where the delivery obligation is owed by MSI plc, MSI plc shall not be able to exercise the right to convert in this paragraph K.4. following an MSI plc Act of Insolvency provided always that this shall be without prejudice to the operation of the set-off provisions set out in paragraphs K.1., K.2. and K.3..

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L. LIMITATION OF LIABILITY

L.1. Limitation of Liability

  • L.1.1. Limitation of Exclusions : Nothing in this Agreement will exclude or restrict any duty or liability to any extent prohibited by the FCA Rules or PRA Rules that Morgan Stanley may have to the Client under the regulatory system (as defined in the FCA Rules and PRA Rules).

  • L.1.2. Limitation of Liability : (i) Morgan Stanley and its employees and officers will not be liable for any loss, cost, charge, fee, expense, damage or liability resulting from any act or omission made in connection with this Agreement or the services provided hereunder (including, without limitation, the provision of any Software). In particular, but without limitation, Morgan Stanley will not be liable for any loss of, or any failure to insure, Investments or for the quality, quantity, condition or delivery of Investments or the correctness, validity, sufficiency or genuineness of any of the documents relating to Investments. This exclusion does not apply where such loss results directly from the negligence, wilful default or fraud of Morgan Stanley or its employees or officers. Morgan Stanley and its employees and officers will not in any circumstances be liable for any consequential loss, damage or liability (including but not limited to loss of profit) regardless of whether it is aware of the likelihood of such loss, damage or liability; (ii) without limiting the foregoing, Morgan Stanley shall have no liability whether in contract, tort (including negligence) or otherwise for any loss, cost, charge, fee, expenses, damage or liability resulting from the provision of any Software.

  • L.1.3. No Liability for Others : Morgan Stanley accepts the same level of responsibility for any nominee company controlled by it as for its own acts under this Agreement. Subject to this, Morgan Stanley will not be liable to the Client for the solvency, acts or omissions of any party in whose control any of the Client's assets (or documentation relating thereto) may be held or through whom any Transactions may be effected or any bank with whom Morgan Stanley maintains any bank account or any other party with whom Morgan Stanley deals or transacts business or who is appointed by Morgan Stanley in good faith on the Client's behalf, provided that, in the case of subcustodians, this exclusion of liability shall not apply to loss which is directly caused by a breach of MSI plc’s obligations in relation to the selection and monitoring of sub-custodians set out in paragraph A.2.1 and provided further that this exclusion shall not extend to any subcustodian who is an Affiliate. For the purposes

of this paragraph L.1.3., “control” has the same meaning as set out in the FCA Rules and PRA Rules.

  • L.2. Force Majeure

Morgan Stanley will not be liable to the Client for any delay in performance, or for the non-performance, of any of its obligations under this Agreement by reason of any cause beyond its reasonable control, or for any loss, costs, charges, fees, expenses, damage or liabilities caused by the occurrence of any contingency beyond its reasonable control. This includes, without limitation, any breakdown or failure of transmission, communication or computer facilities, postal or other strikes or similar industrial action, the failure of any relevant Exchange, Clearing House, sub-custodian and/or broker for any reason to perform its obligations, acts of terrorism and acts of God such as adverse weather conditions or the occurrence of other natural events.

M. MISCELLANEOUS

  • M.1. Notices

  • M.1.1. Form : Any Notices may be given orally unless required in writing by the terms of this Agreement.

  • M.1.2. Method of Transmission : Any notice in writing (including, without limitation, any confirmation or demand) may be given by posting or delivering it or by sending it by facsimile transmission or any other transmission. Any notice or demand given by post will be deemed given five Notice Business Days after posting and any notice given by delivery, facsimile or electronic mail will be deemed given upon delivery, facsimile or transmission (as the case may be). In proving service of notice, it shall be sufficient to prove, in the case of delivery by post, that the letter was correctly addressed and was posted first class or, where appropriate, airmail or, in the case of delivery otherwise than by post (including transmission), that it was delivered to the correct destination.

  • M.1.3. Service on Agent : A Notice will be deemed to have been received by the Client if service of such Notice is made in accordance with paragraphs M.1.1. and M.1.2. above on the Client’s Agent, at such address, facsimile number or electronic mail address as is notified to Morgan Stanley by such Agent from time to time.

  • M.1.4. Change of Notice Details: A party may change its address, facsimile number or electronic address for the purposes of this Agreement by giving another party at least 5 Notice Business Days written Notice of such change.

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  • M.1.5. Cases Where Actual Receipt Required : Communications from the Client or Morgan Stanley under paragraphs G.6, K.1.1, M.1.4 or N.2.1. will be deemed received only if actually received.

  • M.1.6. Conclusiveness : Any contract note, confirmation or account statement that is given in writing by Morgan Stanley will be deemed correct in the absence of manifest error.

  • M.1.7. Genuineness of Signatures: Morgan Stanley is entitled to assume that any signatures in Notices are genuine and that any Notices received by facsimile and/or electronic transmission are genuine and sent by the persons appearing to send the same.

  • M.2. Monitoring and Recording of Communications

  • For quality control and security purposes, as a record of orders / Instructions and related matters and in order to comply (and monitor compliance) with applicable laws and regulations, this Agreement and any applicable policies and procedures, Morgan Stanley, its Associated Firms and/or other persons on its or their behalf may monitor or record communications (including email, instant messaging, facsimile, telephone and other electronic communications) with the Client or its agent(s) to the extent permissible under the applicable law for legitimate business purposes or for purposes permitted by law from time to time. These records shall be prima facie evidence of any orders/Instructions or communications monitored or recorded and shall be admissible as such in any legal proceedings. The Client will not use, file, or cite as a reason for objecting to the admission of Morgan Stanley’s records as evidence in any legal proceedings because they are not originals, are not in writing or are documents produced by a computer. Morgan Stanley will retain records in accordance with its operational procedures, which may change from time to time in its absolute discretion. The Client should keep adequate records in accordance with applicable laws and regulations and should not rely on Morgan Stanley to comply with its record keeping obligations.

  • M.3. Entire Agreement; Remedies Cumulative

  • M.3.1. Entire Agreement : The Customer Documents constitute the entire agreement of the parties with respect to the subject matter thereof and supersede all prior oral and written communications.

  • M.3.2. Remedies Cumulative: Morgan Stanley's rights under this Agreement are cumulative, may be exercised as often as it considers appropriate and are in addition to its rights

under general law. Any failure to exercise or any delay in exercising any such rights will not operate as a waiver or variation of that or any other such right and any defective or partial exercise of any such rights will not preclude any other or further exercise of that or any other right.

M.4. Severability

Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction will, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction will not invalidate or render unenforceable such provision in any other jurisdiction.

M.5. Exclusion of Equities

Without prejudice to Morgan Stanley’s rights under any other paragraph in this Agreement, each party undertakes to pay any amount payable and to deliver any assets that are deliverable under this Agreement on the due date regardless of any right of equity, set-off (other than any contractual right of set off) or counterclaim that it may have or allege against the other party.

M.6. Power to Return Equivalent Investments

The Client agrees that if Morgan Stanley re-transfers or re-delivers Investments to the Client, these do not need to be the identical Investments originally deposited, charged or transferred, to Morgan Stanley, and the Client will accept Equivalent Investments.

M.7. Data Protection and Client Information

  • M.7.1 MSI plc shall, in connection with the Customer Documents and all transactions thereunder comply (where applicable) with the Data Protection Laws.

  • M.7.2 The Client shall comply with and observe the Data Protection Laws and ensure that it has obtained all necessary consents for MSI plc to process any personal data in connection with the Customer Documents and all transactions thereunder.

  • M.7.3 Morgan Stanley, its Associated Firms and/or other persons acting on its or their behalf may process and use information relating to the Client, its Accounts, Investments or Transactions and/or the relationship governed by this Agreement (“ Client Information ”) to tailor, administer and operate services in accordance with the Customer Documents and Transactions thereunder (including tailoring Investments or marketing specific products of interest, authorising or confirming Transactions and for billing purposes); to help Morgan Stanley understand and continue to develop the services it is able to provide to the Client and clients generally; in the course of

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the operational support and development of their businesses; to carry out credit, money laundering and conflict checks and for fraud prevention purposes (and this may include consideration of information regarding political affiliations and criminal offences committed or alleged to have been committed); to exercise and defend Morgan Stanley’s legal rights; and in order to comply with legal and regulatory obligations and requests anywhere in the world (including reporting to and being audited by national and international regulatory enforcement or exchange bodies and complying with court orders or subpoenas).

  • M.7.4 Morgan Stanley, its Associated Firms and/or other persons on its or their behalf, may in connection with the Customer Documents and all Transactions thereunder collect Client Information (a) directly from the Client; (b) through its Agents; and (c) from other information sources.

  • M.7.5 Morgan Stanley’s and its Associated Firms’ processing and use of Client Information may include disclosure of Client Information between Morgan Stanley and its Associated Firms; to third parties processing Client Information on behalf of Morgan Stanley or its Associated Firms or otherwise providing it or them with professional or other services; to the Client’s investment manager, investment advisor, auditor, administrator or other advisors or Agents; to third parties such as investors, potential investors, settlement agents, overseas banks, Exchanges or Clearing Houses to whom information is disclosed in the course of providing services to the Client under this Agreement; to credit reference, fraud prevention and other similar agencies, and other financial institutions, with whom information is shared for credit and money laundering checking and fraud prevention purposes; to persons to whom Morgan Stanley assigns or novates its rights or obligations under this Agreement; and to national and international regulatory, enforcement or exchange bodies or courts anywhere in the world as required by applicable law or regulations or at their request. Disclosure may involve overseas storage and other overseas transfer, processing and use of Client Information, and disclosure to these third parties, including in or to countries or territories which do not offer the same level of protection of personal information as is enjoyed within the European Economic Area.

  • M.7.6 Before providing Morgan Stanley, an Associated Firm or any other person on its behalf with any information regarding an individual in connection with this Agreement, the Client should ensure that the individual (i) knows that the Client will be providing his or her information to Morgan Stanley or the Associated Firm; (ii) has the information set out in paragraphs M.2 and M.7.3 to M.7.5

above regarding the collection, use, processing, disclosure and overseas transfer of his or her information and the possibility of monitoring or recording of his or her communications; and (iii) is aware that he or she has rights of access to, and correction of, his or her personal information held by Morgan Stanley and its Associated Firms, that, if he or she wishes to exercise either of these rights, he or she can do so by written request to the Compliance Officer at MSI plc or the appropriate contact at the Associated Firm and that, in the case of a request for access to personal information, Morgan Stanley and its Associated Firms reserve the right to charge an appropriate fee.

M.8. Amendment

Morgan Stanley may amend or supplement the arrangements with the Client by sending supplemental or revised Customer Documents or by written agreement. Where an amendment or supplement is necessitated by a change of applicable law, regulation, rule, order or directive this may take effect immediately or otherwise as Morgan Stanley may specify. Any other amendment or supplement will, unless Morgan Stanley has received the Client’s written objection, take effect twenty-one days after despatch or if twenty-one days is impracticable in the circumstances such shorter time (not being less than ten business days) as Morgan Stanley may specify, and will apply in respect of any commitment, Transaction or contract entered into by Morgan Stanley and the Client after that date. Any alteration which the Client may wish to make to the Customer Documents must be agreed by Morgan Stanley in writing.

M.9. Complaints

If the Client has a complaint about MSI plc it should raise the complaint in the first instance with the MSI plc employee acting for it. If the Client is not satisfied with the response of the employee (or if the Client prefers not to raise the matter with the employee) it may raise the matter with MSI plc’s Compliance Officer.

M.10. E-Commerce

The Client acknowledges and agrees that unless expressly included in this Agreement and any relevant terms of use issued from time to time by Morgan Stanley the requirements of the E-Commerce Directive (00/31/EC) as implemented in the United Kingdom are excluded to the extent permissible by law.

M.11. U.S. Regulations

Notwithstanding anything to the contrary stated or implied in this Agreement, Morgan Stanley shall not be required to take any action or refrain from taking any action in connection with any Transaction or otherwise in relation to any Customer Document that would constitute non-compliance with or result in penalties under the laws of the United States (including, for the avoidance of

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doubt, the U.S. laws restricting participation in or compliance with certain foreign boycotts, directly or indirectly, as contained in the U.S. Export Administration Act of 1979 and the U.S. Internal Revenue Code, as such laws are amended from time to time) or that would place Morgan Stanley or any Associated Firm in a position of non-compliance with such laws.

  • N. ASSIGNMENT AND TERMINATION N.1. Assignment N.1.1. Successors and Assigns : The obligations under this Agreement bind, and the rights will be enforceable by, the parties and their respective successors and permitted assigns.

  • N.1.2. Novation to Associated Firms : Each Morgan Stanley Company (the " Transferor ") may at any time by delivering to the Client a written substitution notice (“the Substitution Notice ”) cause all or any part of its rights, benefits and/or obligations under this Agreement to be transferred to any other Associated Firm (the “ Transferee ”) provided that (i) where the Client is listed on the Irish Stock Exchange the Associated Firm is regulated as a broker by a regulator recognised by the Irish Stock Exchange and has a specified credit rating (as defined by the listing requirements and procedures for investment funds of the Irish Stock Exchange); or (ii) in any other case, the Associated Firm has a credit standing similar to that of the Transferor or is supported by a guarantee from a company with a similar credit standing to the Transferor. Upon delivery of a Substitution Notice to the Client, to the extent that in the Substitution Notice the Transferor seeks to cause all or any part of its rights and/or obligations hereunder to be novated, the Client and the Transferor will be released from further obligations to each other hereunder in respect of those rights and/or obligations so novated and, to the extent that they have been novated in accordance with this paragraph, their respective rights and obligations against each other will be cancelled, and the Client and the Transferee will acquire the same rights and assume the same obligations between themselves as they would have had, had the Transferee been an original party hereto instead of the Transferor, with the rights and/or the obligations acquired or assumed by it as a result of such novation. The Client hereby irrevocably authorises Morgan Stanley as its attorney to acknowledge such Substitution Notice on the Client's behalf.

  • N.1.3 Except in respect of de minimis sums transferred in accordance with the Client Money Rules (where the Client’s consent is not required), the Client agrees that MSI plc may transfer to another person, as part of a transfer

of business to that person, any client money balances, provided that:

  • (a) The sums transferred will be held for the Client by the person to whom they are transferred in accordance with the Client Money Rules; or

  • (b) If not held in accordance with (a), MSI plc will exercise all due skill, care and diligence in assessing whether the person to whom the client money is transferred will apply adequate measures to protect these sums.

  • N.1.4. Assignment : The Client may not assign, transfer or enter into any sub-participation or subordination with respect to any of its rights, benefits and/or obligations under this Agreement, any Transaction or any contract entered into under this Agreement or declare a trust of any such rights without the prior written consent of Morgan Stanley. The Client's obligations may not, without the prior written consent of Morgan Stanley, be performed by anybody else. Any purported assignment, transfer, sub-participation, subordination, declaration of trust or performance of obligations without such consent will be invalid.

  • N.2. Termination N.2.1. Power to Terminate : Any party can terminate this Agreement by giving at least 5 Notice Business Days prior written notice. If one or more Morgan Stanley Companies terminates this Agreement as between themselves and the Client that will not (unless any such termination is expressed to be on behalf of all Morgan Stanley Companies) operate as a termination in respect of any other Morgan Stanley Company.

  • N.2.2. Illegality : Without prejudice to the generality of N.2.1. or any other rights under the Customer Documents, Morgan Stanley reserves the right immediately to terminate any or all of the Customer Documents (including but not limited to this Agreement) or immediately cease to provide any or all of the services provided hereunder without notice if it determines in its discretion that it has become unlawful under any applicable law for Morgan Stanley or the Client to perform any or all of its respective obligations under the Customer Documents, including, without limitation, as a result of the application or any violation of ERISA.

  • N.2.3. Effect of Termination : Termination of this Agreement will not affect outstanding rights or the Liabilities. Any termination will be without prejudice to the Security and Morgan Stanley’s continuing rights to all Margin. This Agreement will apply to the Liabilities until all Liabilities have been finally, unconditionally and irrevocably discharged. After the unconditional and irrevocable discharge of all Liabilities and the termination of this Agreement and subject to Morgan Stanley’s

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continuing rights as aforesaid, Morgan Stanley shall deliver or cause to be delivered to the Client or to its order any remaining monies and Investments held by Morgan Stanley.

  • N.2.4. Survival : Termination of this Agreement will not affect any provision of this Agreement that is intended to survive termination, including, without limitation, those provisions (i) creating the Security in Morgan Stanley's favour and (ii) granting any indemnity in favour of Morgan Stanley.

  • N.2.5. Agency: Subject to paragraph N.2.1. the Client will not terminate any appointment (whether express or implied) of Morgan Stanley as its agent for the purposes of this Agreement without the prior written consent of Morgan Stanley.

entered into thereunder including, without limitation, disputes relating to any noncontractual obligations.

  • O.3. Inconvenient Forum: MSI plc and the Client hereby waive trial by jury and waive any objections on the grounds of venue or forum non conveniens or any similar grounds.

  • O.4. Immunity: To the extent that the Client may be entitled in any jurisdiction to claim for itself or for its property or assets immunity from service of process, jurisdiction, suit, judgement, execution, attachment or legal process in respect if its obligations or to the extent that in any such jurisdiction there may be attributed to it or its property or assets such immunity (whether or not claimed) the Client hereby waives such immunity to the fullest extent under the laws of such jurisdiction.

N.2.6. Third Party Rights:

  • (i) Subject to the terms of this sub-paragraph, a person who is not a party to this Agreement has no right under the Contract (Rights of Third Parties) Act 1999 to enforce any term of this Agreement (but this shall not affect any right or remedy of any person which exists or is available apart from that Act).

  • (ii) Without prejudice to any rights that a Morgan Stanley Company has as party to this Agreement or otherwise or any rights that an Associated Firm has pursuant to this Agreement, such a Morgan Stanley Company or Associated Firm, as the case may be, may enforce the terms of this Agreement in accordance with its terms and the provisions of the Contract (Rights of Third Parties) Act 1999.

  • (iii) The parties do not require the consent of any third party to rescind or vary this Agreement.

  • O. GOVERNING LAW AND JURISDICTION

  • O.1. Governing Law : Unless otherwise agreed in writing, this Agreement and all Transactions entered into hereunder and any non-contractual obligations arising out of or in relation to this Agreement or such Transactions will be governed by, and construed in accordance with, English law.

  • O.2. Jurisdiction: MSI plc and the Client each hereby submit to the exclusive jurisdiction of the courts of England in respect of any suit, action or proceeding (including claims for setoff and counterclaim) which may arise out of or in connection with the creation, validity, effect, interpretation or performance of, or the legal relationships established by this Agreement or otherwise arising out of or in connection with this Agreement or (unless otherwise agreed in writing) any Transaction

  • O.5. ERISA Transactions : In the event that any transactions pursuant to the Customer Documents become regulated under ERISA, Morgan Stanley and the Client hereby agree to submit to the jurisdiction of the New York courts with regard to any disputes or claims arising in connection with such transactions.

P. GUARANTEE AND INDEMNITY

  • P.1. Guarantee

In consideration of the Client undertaking on the terms of this Section P to indemnify each Morgan Stanley Company, and of each of the other guarantees contained in this Section P, each Morgan Stanley Company unconditionally guarantees to, and covenants with, each other Morgan Stanley Company that it will be liable hereunder to pay to any other Morgan Stanley Company any Liabilities from time to time owing to any of the Morgan Stanley Companies (whether or not due and payable and whether or not demand shall have been made on the Client therefor) PROVIDED ALWAYS THAT the liability of each Morgan Stanley Company hereunder shall be limited to an amount equal to the aggregate net amount owing from that Morgan Stanley Company to the Client on the date of the demand on that Morgan Stanley Company hereunder (including any amounts standing to the credit of the Client in any Account(s) maintained by that Morgan Stanley Company) after deducting all Liabilities of the Client to that Morgan Stanley Company (whether or not due and payable at the date of demand and whether or not demand for payment of such Liabilities shall then have been made on that Morgan Stanley Company).

P.2. Sole Principal Debtor

As between the Morgan Stanley Companies, but without affecting the Client's obligations, each Morgan Stanley Company will be liable to each of the other Morgan Stanley Companies as if it were the sole principal debtor and not merely a surety. Accordingly, no Morgan Stanley

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Company will be discharged, nor will its liability be P.4.1. Indemnity: The Client irrevocably undertakes affected by anything which would not discharge it or and covenants to each Morgan Stanley affect its liability if it were the sole principal debtor Company that it will indemnify the Morgan (including (i) any time, indulgence, concession, waiver Stanley Company on demand against any or consent at any time given to the Client by any Morgan Claims relating to or arising out of this Section Stanley Company, (ii) any amendment or supplement to P. For the avoidance of doubt, the Client any Customer Document, or to any security or other hereby acknowledges and confirms that its guarantee, (iii) the making or absence of any demand on obligation to indemnify each Morgan Stanley the Client for payment, (iv) the enforcement or absence Company pursuant to this P.4.1. will arise as of enforcement of any Customer Documents, or of any soon as a liability (including any contingent other security or guarantee, (v) the taking, existence or liability) is incurred by a Morgan Stanley release of any security or other guarantee, (vi) the Company pursuant to this Section P, and occurrence of any Act of Insolvency in respect of the accordingly that the obligation to indemnify a Client, (vii) the illegality, invalidity or unenforceability Morgan Stanley Company shall arise whether of or any defect in any provision of any Customer or not a Morgan Stanley Company has paid any Document or any of the Client's obligations under them, amounts to any other Morgan Stanley (viii) any reorganisation or change in the constitution of Company pursuant to this Section P, and the Client, or (ix) any other event which would, but for whether or not such other Morgan Stanley this provision, constitute a legal or equitable discharge of Company has made a demand on the Client. a guarantee). For the avoidance of doubt, the Client's indemnity obligations shall be Liabilities P.3. Obligations Continuing secured by and subject to the provisions of this Agreement. The obligations of each Morgan Stanley Company under this Section P are, and will remain, in full force and P.4.2 Clawback: In the event that any amount is effect by way of continuing security until the Customer paid by a Morgan Stanley Company under the Documents have been terminated and each of the guarantee set out in paragraph P.1. and all or Morgan Stanley Companies has irrevocably received or part of the corresponding amount payable to recovered all amounts payable under the Customer that Morgan Stanley Company by the Client Documents. Furthermore, the obligations of each pursuant to the indemnity set out in paragraph Morgan Stanley Company hereunder are additional to, P.4.1. becomes repayable by such Morgan and not instead of, any security or other guarantee at any Stanley Company (the amount of such time existing in favour of any of the Morgan Stanley repayment being the “ Repayment ”) then, Companies and may be enforced without first having whichever Morgan Stanley Company received recourse to the Client, any other person, any security or the guarantee payment, shall pay to that any other guarantee. Morgan Stanley Company the amount of such Repayment, and an amount equal to such P.4. Indemnification Repayment will fall due from the Client to that Morgan Stanley Company.

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INTERPRETATION AND DEFINITIONS

By entering into this Agreement, a contractual relationship is created that has legal consequences. This Agreement shall take effect when a copy thereof has been returned to MSI plc duly signed by the Client or on its behalf.

INTERPRETATION

Except where the context otherwise requires:

  1. Definitions: The terms defined in the Definitions Section will have the meanings specified therein;

  2. Obligations Several: The obligations of the Morgan Stanley Companies hereunder are several only and not joint or joint and several;

  3. Persons: References to a person includes any individual, corporation, association, partnership, government, state or agency of a state or other entity (whether or not having a separate legal personality) and its successors, transferees and assigns;

  4. Laws: Reference to a provision of law or other rule or regulation is a reference to that provision as amended or reenacted and in force from time to time;

  5. Documents: Reference to a Customer Document or other document is a reference to that Customer Document or other document as amended, novated or supplemented; and

  6. Headings and Sections: Headings and the table of contents in this Agreement are for ease of reference only. Reference to a Section will be a reference to the named Section of this Agreement.

To the extent that the terms of any other Customer Document would otherwise limit, restrict or exclude the rights or remedies given to the Morgan Stanley Companies in this Agreement or contradict the terms of this Agreement with respect to the subject matter hereof, the terms of this Agreement will prevail. The foregoing shall apply equally to any Customer Document entered into prior to, on or after the date of this Agreement and the terms of that Customer Document shall be read accordingly (and any entire agreement provision included therein shall be deemed amended to the extent it would otherwise be inconsistent with the foregoing).

DEFINITIONS

In this Agreement except where the context otherwise requires:

“Account” means an account opened for the Client by a Morgan Stanley Company in respect of any service provided to the Client by a Morgan Stanley Company or any Transaction entered into by the Client and a Morgan Stanley Company, in each case, in connection with this Agreement and includes, for the avoidance of doubt, the Prime Brokerage Accounts

“Act of Insolvency” means (i) the passing of a resolution for the Client’s voluntary winding up (unless for the purposes of corporate reconstruction or amalgamation in respect of which Morgan Stanley has given its prior written approval); (ii) the presentation or filing of a petition for the Client’s winding up or alleging the bankruptcy or insolvency of the Client or seeking any reorganisation, arrangement, composition or similar relief; (iii) the taking of any steps for the making of an administration order in respect of the Client; (iv) the appointment of a liquidator, trustee, receiver, administrator or similar officer over any of the Client’s assets; (v) the Client calling a meeting of its creditors pursuant to Section 98 of the Insolvency Act 1986 or any other person calling a meeting pursuant to Section 3 of the Insolvency Act 1986; (vi) the Client seeking, consenting to or acquiescing in the appointment of a trustee, receiver or administrator over any of its assets; (vii) the Client making a general assignment for the benefit of, or entering into a reorganisation, arrangement or composition with, creditors; (viii) the Client becoming insolvent or unable to pay its debts, or the Client fails or admits its inability generally to pay its debts as they become due; (ix) the occurrence of any procedure equivalent, analogous or similar to the foregoing (i) to (viii) in any other jurisdiction; or (x) where the Client is the trustee of a trust, the Client is unable to pay debts incurred in that capacity out of the assets of the trust

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“Adjusted Value” means, at any time, the absolute value of the amount, as determined by MSI plc,
yielded by the following formula:
Adjusted Value =140% x (Settlement Facility Market Value + Debits)
“Affiliate” means any direct or indirect wholly-owned subsidiary of Morgan Stanley (the US
incorporated holding company)
"Agent" means an investment adviser, investment manager, administrator or other third party
appointed by the Client
"Agreement" means this Agreement (including all its Sections and attachments), Notices delivered
hereunder, documents or other confirming evidence of Transactions and any
additional documents relating to the services provided hereunder
“Appropriate Market” means, in relation to Investments of any description, the market which is the most
appropriate market for Investments of that description, as determined by the Non-
Defaulting Party
“Associated Firms” means any undertaking in the Morgan Stanley group of companies from time to time,
and, as the context requires, any person connected with Morgan Stanley from time to
time
“Australian Settlement Securities” means Settlement Securities which MSI plc determines (acting in good faith) to be
Australian Securities
"Authorised Person" means each person authorised under the Cash Payments and Securities Transfers
Authorisation to give a Cash Payment Instruction or Securities Transfer Instruction
"Authorised User" means the Client and those of its employees, agents, representatives or advisers that,
in connection with the services provided to the Client by MSI plc under this
Agreement, need to use the Software and have been provided with the Software by
MSI plc
“Cash Payments and
Securities Transfers Authorisation” means a written authorisation from the Client in a form acceptable to MSI plc (which
shall include the form of Cash Payments and Securities Transfers Authorisation
attached as Schedule V to this Agreement)
“Cash Payments Instruction” means an instruction from the Client requesting MSI plc to make a free payment of
cash from a Prime Brokerage Account to an account of a third party that is not made
against delivery of Investments into the Prime Brokerage Account or as payment in
respect of a Transaction executed with Morgan Stanley (but, excluding for the
avoidance of doubt, any payment of cash in respect of a purchase of securities that is
not settling on a delivery versus payment basis and where it is normal market practice
for the cash to be paid before the receipt of the purchased securities)
“Charged Assets” means Investments and cash transferred to Morgan Stanley and credited to any
Account which is subject to the Security
“Claims” means all direct and indirect costs, charges, fees, expenses, damages, liabilities and
losses, including any consequential losses and damages and including any costs,
charges, fees, expenses, damages, liabilities and losses incurred or sustained by
Morgan Stanley from time to time in accordance with or as a result of the
terminating, liquidating, obtaining or re-establishing any hedge or related trading
position including, without limitation, break costs and any legal costs and costs of
enforcing or protecting or attempting to enforce or protect any of Morgan Stanley’s
rights under this Agreement or any Transaction
“Clearing House” means any clearing house providing settlement, clearing or similar services whether
or not as part of an Exchange
“Confidential Information” means any proprietary and/or non-public information which shall include, without
limitation, (i) in relation to the Client, information relating to the Client’s investment
strategy and holdings and (ii) in relation to Morgan Stanley, details regarding the

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Loan, products or services provided by Morgan Stanley (including, the pricing and/or fees relating to the provision of such products or services)

"Corporate Action" means, without limitation, any conversion, subscription rights, subdivision,
consolidation, redemption, merger, rights relating to takeovers or other offers or
capital
re-organisation,
capitalisation
issue,
rights
issue,
redenomination,
renominalisation or other event similar to the foregoing. Corporate Action will not
include any voting rights that are exerciseable, whether in connection with the
foregoing, or otherwise
"Corporate Action Information" means information relating to Corporate Actions in respect of the Client's
Investments
"Currency Business Day” means in respect of any obligations involving a payment denominated in: (i) euro, a
day on which the Trans-European Automated Real-time Gross Settlement Express
Transfer system operates; or (ii) any other currency, a day on which banks in the
principal financial centre of the country of which the currency in which the payment
is denominated is the official currency are generally open for business
“Customer Documents” means this Agreement and any other or additional documents or agreements entered
into between the Client and Morgan Stanley, whether or not expressly incorporated in
this Agreement (such documents may include, without limitation, any Cash Payments
and Securities Transfers Authorisation, each Schedule to this Agreement. the OSLA,
an Overseas Securities Lenders Agreement, Global Master Securities Lenders
Agreement, Global Master Repurchase Agreement, International Currency Options
Master Agreement, International Foreign Exchange Master Agreement and
International Swap and Derivatives Association Master Agreement, collateral
payment or bridge agreement or any similar agreement) and any annexes,
supplements or confirmations in relation thereto
“Data Protection Laws” means the UK Data Protection Act 1998 and all other applicable data protection laws
and regulations
“Debits” means the Equivalent Dollar Value of any debit cash balances credited to the Prime
Brokerage Account, and for the purposes of calculating Adjusted Value it shall be
input into the formula as a positive number
“Default Event” means the service of a Close-Out Notice with respect to any of the events set out in
K.1.1. (i) or (ii)
“Default Market Value” for the purposes of paragraph J.5.2. and paragraph K.1.4., the_“_Default Market
Value”of any Investments, Equivalent Securities or Equivalent Investments shall be
determined in accordance with sub-paragraphs (i) and (ii) below.
(i)
If between the occurrence of the relevant Event of Default and the Default
Valuation Time the Non-Defaulting Party gives to the other party a written notice (a
_“_Default Valuation Notice”) which:

(A) states that, since the occurrence of the relevant Event of Default, the Non-Defaulting Party has sold, in the case of Receivable Investments, or purchased, in the case of Deliverable Investments, Investments which form part of the same issue, are of an identical type and description as those Investments, Equivalent Securities or Equivalent Investments, and that the Non-Defaulting Party elects to treat as the Default Market Value:

(aa) in the case of Receivable Investments, the net proceeds of sale after deducting all reasonable costs, commissions, fees and expenses incurred in connection therewith (provided that where the Investments sold are not identical in amount to the Investments, Equivalent Securities or Equivalent Investments, the Non-Defaulting Party may elect to treat either (x) such net proceeds of sale divided by the amount of securities sold and multiplied by the amount of the Investments, Equivalent Securities or Equivalent Investments as the Default Market Value or (y) elect to treat such net proceeds of sale of the Investments, Equivalent Securities or Equivalent Investments actually sold as the Default Market Value of that proportion of the Investments, Equivalent

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Securities or Equivalent Investments, and, in the case of (y), the Default Market Value of the balance of the Investments, Equivalent Securities or Equivalent Investments shall be determined separately in accordance with the provisions of this paragraph and accordingly may be the subject of a separate notice (or notices) under this sub-paragraph (i) or sub-paragraph (ii)); or

(bb) in the case of Deliverable Investments, the aggregate cost of such purchase, including all reasonable costs, commissions, fees and expenses incurred in connection therewith (provided that where the Investments purchased are not identical in amount to the Investments, Equivalent Securities or Equivalent Investments, the Non-Defaulting Party may elect to treat either (x) such aggregate cost divided by the amount of Investments purchased and multiplied by the amount of the Investments, Equivalent Securities or Equivalent Investments as the Default Market Value or (y) elect to treat the aggregate cost of purchasing the Investments, Equivalent Securities or Equivalent Investments actually purchased as the Default Market Value of that proportion of the Investments, Equivalent Securities or Equivalent Investments, and, in the case of (y), the Default Market Value of the balance of the Investments, Equivalent Securities or Equivalent Investments shall be determined separately in accordance with the provisions of this paragraph and accordingly may be the subject of a separate notice (or notices) under this sub-paragraph (i)or sub-paragraph (ii)); or

(B) states that the Non-Defaulting Party (acting in good faith) has elected to treat as the Default Market Value of any Receivable Investments or Deliverable Investments prices derived from quotations obtained from market makers or dealers in the Appropriate Market (including, if commercially reasonable, prices obtained from persons acting in such capacity who are employees of the Non-Defaulting Party, and in the case of Morgan Stanley of any of its Affiliates, and in the case of the Client of its investment manager), or from such other commercially reasonable pricing source as the Non-Defaulting Party may determine, using pricing methodology which is customary or otherwise reasonably appropriate for the relevant type of security (as determined by the NonDefaulting Party), and together with all Transaction Costs which would be incurred in connection with such a purchase or sale transaction calculated on the assumption that the aggregate thereof is the least that could reasonably be expected to be paid in order to carry out the transactions; or

(C) states:

(aa) that either (x) acting in good faith, the Non-Defaulting Party has endeavoured but been unable to sell or purchase Investments in accordance with sub-paragraph (i)(A) above or to obtain quotations or other pricing source valuations in accordance with sub-paragraph (i)(B) above (or both) or (y) the Non-Defaulting Party has determined that it would not be commercially reasonable to obtain or use such quotations, or valuations; and

(bb) that the Non-Defaulting Party has determined the Net Value of the relevant securities (which shall be specified) and that the Non-Defaulting Party elects to treat such Net Value as the Default Market Value of the relevant Investments,

then the Default Market Value of the relevant securities shall be an amount equal to the Default Market Value specified in accordance with (A), (B) or, as the case may be, (C) above.

(ii) If by the Default Valuation Time the Non-Defaulting Party has not given a Default Valuation Notice, the Default Market Value of the relevant Investments, Equivalent Securities or Equivalent Investments shall be an amount equal to their Net

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Value on the date of the Default Event or on such other date as the Non-Defaulting Party, acting in good faith and in a commercially reasonable manner, may determine

“Default Rate” means a rate per annum equal to the cost (without proof or evidence of any actual
cost) to Morgan Stanley if it were to fund or of funding the relevant amount plus 1%
per annum
“Default Valuation Time” means for the purposes of the definition of Default Market Value, the close of
business in the Appropriate Market on the twentieth (20th) dealing day after the day
on which the Default Event occurs
“Deliverable Investments” means Investments, Equivalent Investments or Equivalent Securities to be delivered
by the Defaulting Party
“Designated Customer Document” in the case of a Close-Out Notice served by Morgan Stanley, has the meaning given
to it in K.1.2. and, in the case of a Close-Out Notice served by the Client, means this
Agreement
“Equivalent Dollar Value” means, (i) where any amount or value is not denominated in US Dollars, the
equivalent in US Dollars reasonably determined by Morgan Stanley and (ii) where
any amount or value is denominated in US Dollars, the actual US Dollar amount
“Equivalent Investments” Investments or securities are“equivalent”to other Investments or securities if they
are of the same issuer,
and “Equivalent Securities” part of the same issue and of an identical type, nominal value, description and amount
and have the same rights as those other Investments or securities: PROVIDED
THAT, where any Investment or securities are subject to any Corporate Action,
Morgan Stanley may reasonably determine what Investments, securities or other
assets (which may consist of or include money or other property) are to be treated as
“equivalent”for this purpose; and the expressions“Equivalent Investment”and
“Equivalent Securities”are to be construed accordingly
"ERISA" means the U.S. Employment Retirement Income Security Act of 1974 as amended
“Event of Default” means any of the events described in the Events of Default Section H
“Exchange” means any exchange, regulated market, multi-lateral trading facility, trading system,
market or association of dealers in any part of the world on or through which
Investments, commodities or currencies (including for the avoidance of doubt, spot
foreign exchange) or assets underlying, derived from or otherwise related directly or
indirectly to the same are bought and sold and shall include any automated trading
system
“Exchange Business Day” means in respect of a Transaction relating to any securities or an exchange, a day
which is a dealing day in the most appropriate market for securities of that type (as
determined by Morgan Stanley) or a day on which such exchange is open; provided
such day is also a Notice Business Day
“Exchange-Traded Derivatives means a transaction entered into under the Terms Relating to Exchange-Traded
Transaction” Derivative Transactions
“Executing Broker” means a broker selected by the Client to execute Transactions, which may or may not
be a Morgan Stanley Company
“FCA” means the Financial Conduct Authority and any successor regulator
“FCA Rules” means the rules of the FCA from time to time, or any rules which replace or succeed
such rules
“Fee Schedule” means the schedule of prime brokerage fees described as the International Prime
Brokerage Fee Schedule as amended by MSI plc from time to time
“Financial Instrument” has the meaning given to it by the FCA Rules and PRA Rules
“FSMA” means the Financial Services and Markets Act 2000 of the United Kingdom

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“FX Transaction” means a foreign exchange transaction entered into with Morgan Stanley under Section
C of this Agreement
“Hong Kong Settlement Securities” means Settlement Securities which MSI plc determines to be Hong Kong Securities
"Income"
means any interest, dividends or other distributions of any kind whatsoever with
respect to any Investments
“Indemnified Person” means each Morgan Stanley Company and Associated Firm and its respective
officers and employees
“Investments” means all assets of any kind whatsoever, other than cash
“Liabilities” means the aggregate (as determined by Morgan Stanley) of all monies, debts,
liabilities and obligations which now are or have been or at any time hereafter may be
or become due, owing or incurred by the Client to any Morgan Stanley Company (or,
as the context may require, to any one or more Morgan Stanley Companies) under the
Customer Documents, any Transaction, contract or otherwise, together with any
reasonable costs, charges or expenses (including, without limitation, reasonable legal
fees) which Morgan Stanley may incur in perfecting, enforcing or maintaining, or
attempting to perfect, enforce or maintain, any of its rights under the Customer
Documents, any Transaction or otherwise, including without limitation, amounts of
principal, interest and other monies due and payable under the Loan or any other
loans made by Morgan Stanley to the Client (in each case, whether alone or jointly,
or jointly and severally, with any other person, whether actually or contingently and
whether as principal debtor, guarantor, surety or otherwise)
“Liquidation Amount” means the Liquidation Amount determined in accordance with the provisions of the
MNA
“Loan” means any monies (in any currency) lent by MSI plc to the Client pursuant to
paragraph A.5.
“Loss” means, with respect to any Transaction terminated under paragraph J.5. or paragraph
K.1. (other than Transactions for the delivery of securities), the amount which the
Non-Defaulting Party reasonably determines in good faith to be the relevant party’s
overall total losses and costs (or gain, in which case expressed as a negative number)
in connection with that terminated Transaction or group of terminated Transactions,
as the case may be, including any loss of bargain, cost of funding or, at the election of
the Non-Defaulting Party but without duplication, loss or cost incurred as a result of
the termination, liquidation, obtaining or re-establishing of any hedge or related
trading position (or any gain resulting from any of them). Loss includes losses and
costs (or gains) in respect of any payment or delivery required to have been made on
or before the relevant termination date of a terminated transaction and not made
“Margin” means cash, Investments or other assets of a number and type determined by Morgan
Stanley in its absolute discretion
“Margin Requirement” means the amount of Margin that Morgan Stanley requires the Client to hold with
Morgan Stanley in order for Morgan Stanley to allow the Client to maintain the
Liabilities, as determined by Morgan Stanley in its sole discretion
“MNA” means the Master Netting Agreement in respect of Exchange-Traded Derivatives
Transactions in the form attached hereto
“Morgan Stanley” and
“Morgan Stanley Companies” means separately MSI plc and each of the companies set out below the Morgan
Stanley signature section of this Agreement and any company to whom any rights,
benefits and/or obligations are transferred pursuant to paragraphs N.1.2. or N.1.3.
“Morgan Stanley Company” means any of the Morgan Stanley Companies
"MSI plc" means Morgan Stanley & Co. International plc

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“MSI plc Act of Insolvency”

means (i) the passing of a resolution for MSI plc’s voluntary winding up (unless for the purposes of corporate reconstruction or amalgamation); (ii) the presentation or filing of a petition for MSI plc’s winding up or alleging the bankruptcy or insolvency of MSI plc or seeking any reorganisation, arrangement, composition or similar relief and such petition, (a) results in a judgement of insolvency or bankruptcy, or (b) is not dismissed, discharged, stayed or restrained within 30 days of the initiation or presentation thereof; (iii) the appointment of an administrator in respect of MSI plc (pursuant to the “special administration regime” under The Investment Bank Special Administration Regulations 2011 or otherwise); (iv) the appointment of a liquidator, trustee, receiver, administrator or similar officer over substantially all of MSI plc’s assets; (v) MSI plc calling a meeting of its creditors pursuant to Section 98 of the Insolvency Act 1986 or any other person calling a meeting pursuant to Section 3 of the Insolvency Act 1986; (vi) MSI plc seeking, consenting to, or acquiescing in the appointment of a trustee, receiver or administrator over substantially all of its assets; (vii) MSI plc making a general assignment for the benefit of, or entering into a reorganisation, arrangement or composition with, creditors; (viii) MSI plc becoming insolvent or unable to pay its debts, or MSI plc fails or admits its inability generally to pay its debts as they become due; or (ix) the occurrence of any procedure equivalent, analogous or similar to the foregoing (i) to (viii) in any other jurisdiction

“Net Value” means at any time, in relation to any Deliverable Investments or Receivable
Investments, the amount which, in the reasonable opinion of the Non-Defaulting
Party, represents their fair market value, having regard to such pricing sources and
methods (which may include, without limitation, available prices for Investments
with similar maturities, terms and credit characteristics as the relevant Investments,
Equivalent Securities or Equivalent Investments) as the Non-Defaulting Party
considers appropriate, less, in the case of Receivable Investments, or plus, in the case
of Deliverable Investments, all Transaction Costs which would be incurred in
connection with the purchase or sale of such securities
“Non-Defaulting Party” means MSI plc in the case of the occurrence of any of the events set out in paragraph
K.1.1.(i) and the Client in the case of the occurrence of any of the events set out in
paragraph K.1.1.(ii), and “Defaulting Party” for the purpose of the definitions of
“Deliverable Investments” and “Receivable Investments” shall be construed
accordingly
“Notice” means any notice, demand, instruction, confirmation, contract note or request
delivered or to be delivered pursuant to this Agreement
“Notice Business Day” means a day on which MSI plc and banks in London are generally open for the
transaction of business
or “business day” contemplated by this Agreement
“Open Contract” means a Contract which has not been closed out and which has not yet matured
“Order Execution Policy” means the Order Execution Policy Disclosure Statement issued by Morgan Stanley as
amended or supplemented from time to time
“OSLA” means the Overseas Securities Lender’s Agreement between the Client and MSI plc
“PPSA” means the Personal Properties Securities Act, 2009 (Cth) of Australia
“PRA”
 means the Prudential Regulation Authority and any successor regulator
“PRA Rules” means the rules of the PRA from time to time, or any rules which replace or succeed
such rules
“Prime Brokerage Account” means an Account opened on the books and records of MSI plc in its capacity as
prime broker to the Client
“Receivable Investments” means Investments, Equivalent Investments or Equivalent Securities to be delivered
to the Defaulting Party
“Securities Transfers Instruction” means an instruction from the Client requesting MSI plc to make a free transfer of
Investments from a Prime Brokerage Account to an account of a third party that is
not made against payment of cash into the Prime Brokerage Account or as a delivery

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in respect of a Transaction executed with Morgan Stanley (but excluding, for the avoidance of doubt, any delivery of Investments in respect of a sale of Investments that is not settling on a delivery versus payment basis and where it is normal market practice for the Investments to be transferred before the receipt of the corresponding payment of cash)

“Security” means the security created by or pursuant to this Agreement
“Settlement Facility” means a facility made available by MSI plc pursuant to paragraph B.1.1. to enable the
Client to settle its actual or anticipated obligations to transfer securities. The Client’s
obligation to transfer securities being a“Settlement”
“Settlement Facility Market Value” means the Equivalent Dollar Value of all Equivalent Securities required to be
redelivered by the Client to Morgan Stanley (including for the avoidance of doubt any
position which is held as an over-borrow or excess borrow), and for the purposes of
calculating Adjusted Value it shall be input into the formula as a positive number
“Software” means any and all computer software, programs, electronic communication or
execution systems, analytical tools and associated materials such as users’ guides and
any changes or upgrades thereto (including, but not limited to, ClientLink and
Matrix) provided to the Client by Morgan Stanley in connection with the services to
be provided under this Agreement
"South African Securities" means any "listed security" contemplated by Item 1 of the South African Securities
Transfer Tax Act No.25, 2007
“Transactions” means all Loans, Settlements, FX Transactions, Exchange-Traded Derivative
Transactions and any other transactions, howsoever described including without
limitation any Electronic Transaction
“Transaction Costs” means in relation to any Transaction contemplated in paragraphs (i) or (ii) of the
definition of “Default Market Value”, the reasonable costs, commission, fees and
expenses (including mark-up or mark-down) that would be incurred in connection
with the purchase of Deliverable Investments or the sale of Receivable Investments,
calculated on the assumption that the aggregate thereof is the least that could
reasonably be expected to be paid in order to carry out the Transaction

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SCHEDULES

Each of the following Schedules form part of the Agreement:

  • I. ELECTRONIC SERVICES

  • II. TERMS RELATING TO EXCHANGE TRADED DERIVATIVES

  • PART A – DEALING

  • PART B – MASTER NETTING AGREEMENT

  • PART C – EURONEXT.LIFFE REQUIRED TERMS

  • PART D – LONDON METAL EXCHANGE

  • III. REQUIRED TERMS FOR STOCK EXCHANGES

  • IV. HONG KONG TRANSACTIONS

  • V. CASH PAYMENTS AND SECURITIES TRANSFERS AUTHORISATION

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SCHEDULE I - ELECTRONIC SERVICES

This Schedule forms part of the Agreement and sets forth the terms and conditions under which Morgan Stanley agrees to provide You (as defined below) with the use of one or more systems for the purpose of electronically transmitting trading instructions, including without limitation certain electronic services that may enable You to route orders and otherwise engage in electronic transactions (“ Electronic Transactions ”), electronically communicate with Morgan Stanley, receive investment research, reports and portfolio information, and any algorithms or software related thereto (collectively, the “ Services ”) either directly or through third parties, including without limitation contractors and technology, market data and content providers (“ Vendors ”). Defined terms used in the Agreement shall have the same meaning when used in this Schedule.

  1. Parties. As used herein, the term “You” and “Your” shall mean the Client, and all other authorised representatives of the Client, individually, and each other party on whose behalf You may use the Services at any time. As a condition to using the Services, You shall ensure that any individuals and affiliates using the Services accept and agree to be bound by the provisions in this Schedule. The Services are provided by Morgan Stanley or an affiliate located or authorised to do business in the country (including state, province or other jurisdiction) where Morgan Stanley deem the Services to be accessed by You. Services are not intended to be provided to and may not be used by any party in any jurisdiction where the provision or use thereof would be contrary to applicable law, rules or regulations (“ Applicable Law ”).

  2. Binding Terms. (a) You agree to be bound by any rules, conventions, regulations, user agreements, user guides or instructions related to the Services or of any regulatory authorities, exchanges or trading systems through which Your trades are executed, as well as any terms of use, including disclosures, disclaimers, data protection and privacy policies that are displayed by the Services or which You may click through (the “ Rules ”), all of which shall be in addition to, and not in lieu of, Your obligations under this Schedule; and (b) You shall continue to be bound by the Agreement and any other Customer Document, and nothing herein shall be deemed to supersede or modify any such Customer Document.

  3. Security. You may be provided with user identifications, passwords, authentication codes or other security devices or procedures (collectively, “ Passwords ”) for access to the Services. You may not share Your Passwords with any third party without Morgan Stanley’s and/or the Vendors’ written approval, as applicable. Upon request, You shall provide Morgan Stanley with a list of persons authorised to use Your Passwords, and You shall promptly advise Morgan Stanley of any changes in such authorised persons. You agree not to alter, delete, disable or otherwise circumvent any Password or permit or assist any other party to do so in a manner not authorised by Morgan Stanley and/or the Vendors, as applicable. Morgan Stanley and/or the Vendors reserve the right to suspend Your access to the Services and change (or require You to change) Your Passwords at any time. You are responsible for any transmissions, instructions, information, processes, clickthrough consents, click stream data or other communications (“ Communications ”) attributable to Your Passwords, whether entered by Your authorised personnel or by any other person, and any agreement or consent communicated from such access shall be deemed to be a duly signed writing of Yours sufficient to bind You. You shall notify Morgan Stanley immediately upon learning or suspecting that any unauthorised party has obtained any Password used in connection with any Service. You shall maintain adequate internal procedures and controls over Your use of the Services.

  4. Placement of Orders; Objections

(a) MSI plc or one of Morgan Stanley’s affiliates shall process requests to execute Electronic Transactions received through the Services (the “ Orders ”), and shall only be deemed to have received an Order if such Order has been received and processed, even if You have not received an acknowledgment of the Order. Morgan Stanley will use reasonable efforts to execute Orders on the terms received and in accordance with the Order Execution Policy. The applicable Service may provide You with a notice (each a “ Notice of Execution ”), which may be in addition to any confirmation or other notice required under Applicable Law, for each Order executed through the Services.

(b) You agree that Morgan Stanley has no obligation to enter into any Electronic Transaction with You or to provide a quote with respect to any Electronic Transaction with You. Unless a quotation is specifically identified as actionable, it is indicative and for informational purposes only. Morgan Stanley may cancel or reject an Order in whole or in part at any time and for any reason in Morgan Stanley sole discretion.

(c) You shall be responsible for all executions (partial or otherwise) of Orders identified by the Services as sent by You, even if You did not receive a Notice of Execution. Execution terms as reflected in any Notice of Execution are subject to adjustment by Morgan Stanley for errors, whether on Morgan Stanley’s part, the part of Morgan Stanley’s agent, any Vendor, the Services or any market to which Your Order was routed.

(d) You shall not be responsible for execution completed after Your Order has been cancelled in the applicable market and for which an acknowledgment was sent to that effect. An Order shall not be deemed to have been cancelled if Morgan Stanley receives execution of Your Order from such market prior to or subsequent to Morgan Stanley’s receipt of confirmation from such market that the Order was cancelled. System response times may vary due to market conditions, system performance, Internet traffic or other factors. During times of heavy trading volume, Orders or cancellation requests received through the Services may take longer to execute or cancel, and Orders that are executed may be at prices that diverge significantly from the market price quoted or displayed at the time the Order was entered. In the event of system

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delay or failure, or otherwise in relation to any concerns You may have about Your Electronic Transactions, You are responsible for contacting Morgan Stanley by alternative means, such as telephone.

(e) Unless otherwise provided for in any Customer Document or the Rules, if You have any objections to any report of the execution of Your Orders and/or any statement of Your account(s), You must raise them with Morgan Stanley within one business day of the date on which Your report or statement was sent.

(f) You are solely responsible for Your compliance with the Rules and Applicable Law, including suitability requirements, the preparation and/or filing of any of Your reports to any relevant exchange and/or any other regulatory authority or the maintenance of records required to be maintained by You.

(g) Morgan Stanley or, where applicable, the Vendor may impose and/or change limits on the amount, size and type of trades and securities, commodities, futures, currencies, derivatives thereon or any other instruments You may trade through the Services and modify any aspect of or limit or terminate use of the Services.

(h) You shall cooperate fully with Morgan Stanley in any inquiries made by any of Morgan Stanley’s third party market data suppliers, any relevant exchange, any Vendor or any other regulatory authority in relation to the provision of the Services.

(i) Unless You specifically instruct Morgan Stanley to route Your Orders directly to one or more specified markets, Morgan Stanley may, in Morgan Stanley’s discretion, select any market, including one or more internal matching systems or third party trading systems.

  1. Usage and Proprietary Rights. Morgan Stanley grants You, for the term of this Schedule, a personal, limited, nonexclusive, revocable, non-transferable licence to use the Services subject to the terms hereof, and the following: You have no ownership rights in the Services, which are owned by Morgan Stanley, the Vendors or their respective licensors, and are protected under copyright, trade mark and other intellectual property laws and other Applicable Law. You receive no copyright or any other intellectual property right in or to the Services, except as provided above. You may use the Services only for Your internal business purposes. You agree that Morgan Stanley and its affiliates may provide certain portions of the Services under licence from third parties, and You agree to comply with any additional restrictions on Your usage that Morgan Stanley may communicate to You from time to time, or that are otherwise the subject of an agreement between You and such licensors. Each party will treat the existence and terms of this Schedule as confidential (subject always to the terms of the Agreement) and You further agree that any information relating to the content or operation of the Services is confidential and proprietary to Morgan Stanley, and that you will refrain from disclosing such information to any third party. You grant Morgan Stanley, its affiliates and Vendors a royalty-free, perpetual, irrevocable, non-exclusive, worldwide licence to use, access and benefit from any information and data that you provide or transmit to Morgan Stanley and its affiliates (whether directly or through a Vendor) or that is otherwise accessed in connection with the Services (“Data”). Morgan Stanley shall have exclusive title and ownership rights, including all intellectual property rights, throughout the world in all derivative works that are created using the Data.

  2. Change to Terms and Conditions. Upon notice to You, Morgan Stanley may add, delete or otherwise modify any portion of this Schedule in whole or in part at any time, including without limitation to impose charges for use of the Services or any portion thereof. Your continued use of the Services 10 days after receipt of such notice shall represent Your acceptance of such terms .

  3. Use of the Internet. You agree that the Internet is not a secure network and that any Communications transmitted over the Internet may be intercepted or accessed by unauthorised or unintended parties, may not arrive at the intended destination or may not arrive in the form transmitted. You agree that neither Morgan Stanley nor the relevant Vendor take any responsibility for any Communications transmitted over the Internet and that there can be no assurance that such Communications shall remain confidential or intact. Any Communications transmitted to or from You through the Services shall be at Your sole risk. If You access or view the Services by means or in formats other than as originally intended or provided by Morgan Stanley, You remain responsible for reviewing all pertinent portions of the Services, including any relevant disclosures and disclaimers.

  4. E-mail, Chat and Instant Messaging. E-mail, chat and instant messaging features may be provided to You as a convenience to enhance Your Communications with Morgan Stanley. Unless otherwise agreed to by Morgan Stanley, You shall not use these features to request, authorise or effect any Electronic Transaction, to send fund transfer instructions or account information, or for any other Communication that requires non-electronic written authorisation. Morgan Stanley shall not be responsible for any loss or damage that results if any such request is not accepted or processed. You agree that You shall use these features in compliance with the Rules and Applicable Law, and You shall not use them to transmit inappropriate information, including information that may be deemed obscene, defamatory, harassing or fraudulent.

  5. Representations and Warranties. Each time You use the Services and with respect to each Electronic Transaction, You hereby represent and warrant that:

(a) You have the power and authority (including under any applicable investment restrictions or guidelines and on behalf of any party for whom You are using the Services) to enter into and perform Your obligations under this Schedule, and this Schedule is Your legal, valid, binding and enforceable obligation.

(b) Any Orders submitted by You are and shall comply with this Schedule, any applicable Customer Document, Applicable Law and Rules.

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(c) All securities, commodities, futures, currencies, derivatives thereon and any other instruments that You offer and sell using the Services shall be free and clear of any liens, mortgages, encumbrances or restrictions of any kind (including legends or restrictions on transfer), both when they are offered or sold and upon their delivery at settlement.

(d) You are not and shall not be, at any time when You offer, buy or sell any security using the Services, an “affiliate” of the issuer thereof or, in the case of convertible or exchangeable securities, the issuer of the underlying security.

(e) Each representation and warranty made by You under any Rules shall be deemed to have been made for the benefit of Morgan Stanley.

(f) You shall not introduce, nor permit any person to introduce into the Services, any code, malicious or hidden mechanisms that would impair the operation of the Services or of Morgan Stanley’s computers or other devices or software, or would permit other users access to the Services, nor shall You use the Services to gain any unauthorised access to any computer system.

  1. DISCLAIMER OF WARRANTIES. THE SERVICES ARE PROVIDED “AS IS”, AND MORGAN STANLEY, ITS AFFILIATES AND THE VENDORS DISCLAIM ALL REPRESENTATIONS, WARRANTIES AND IMPLIED TERMS, WHETHER IN LAW, TORT, FACT OR CONTRACT, INCLUDING WITHOUT LIMITATION (I) WITH RESPECT TO THE ACCURACY, COMPLETENESS OR TIMELINESS OF THE SERVICES OR ANY PART THEREOF; OR (II) THAT THE SERVICES OR ANY PART THEREOF SHALL BE UNINTERRUPTED OR ERROR FREE; AND (III) THOSE OF NON-INFRINGEMENT, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE RELATING TO THE SERVICES OR ANY PART THEREOF. ANY HYPERLINK TO ANOTHER SITE IS NOT AND DOES NOT IMPLY AN ENDORSEMENT, INVESTIGATION, VERIFICATION OR MONITORING BY MORGAN STANLEY, ITS AFFILIATES AND THE VENDORS OF ANY INFORMATION ON THAT SITE.

  2. LIMITATION OF LIABILITY. TO THE FULLEST EXTENT PERMITTED BY LAW, IN NO EVENT SHALL MORGAN STANLEY, ITS AFFILIATES OR THE VENDORS OR THEIR RESPECTIVE OFFICERS, DIRECTORS, OWNERS, AGENTS AND EMPLOYEES (THE “MORGAN STANLEY PARTIES”) HAVE ANY LIABILITY TO YOU OR ANY OTHER PERSON FOR ANY INDIRECT, CONSEQUENTIAL OR SPECIAL LOSSES, COSTS, LIABILITES OR DAMAGES OF ANY KIND, INCLUDING DIRECT OR INDIRECT LOSS OF PROFITS (TOGETHER, “COSTS”), ARISING OUT OF, OR IN CONNECTION WITH, THIS AGREEMENT OR THE PERFORMANCE OR BREACH OF THIS AGREEMENT, OR YOUR OR ANY OTHER PERSON’S USE OF, OR INABILITY TO USE, THE SERVICES. THESE LIMITATIONS SHALL APPLY REGARDLESS OF THE FORM OF ACTION, WHETHER BASED ON STATUTE EQUITY OR ARISING IN CONTRACT, INDEMNITY, WARRANTY, STRICT LIABILITY OR TORT (INCLUDING NEGLIGENCE), AND REGARDLESS OF WHETHER ANY MORGAN STANLEY PARTY KNOWS OR HAS REASON TO KNOW OF THE POSSIBILITY OF SUCH DAMAGES. NOTWITHSTANDING ANY OTHER PROVISIONS OF THIS AGREEMENT AND WITHOUT PREJUDICE TO THE FOREGOING AND TO CLAUSE 10 ABOVE, THE MAXIMUM AGGREGATE LIABILITY OF THE MORGAN STANLEY PARTIES FOR DIRECT LOSS (WHETHER UNDER STATUTE, OR ARISING IN EQUITY, CONTRACT, TORT (INCLUDING NEGLIGENCE) OR INDEMNITY, WARRANTY, STRICT LIABILITY OR OTHERWISE) UNDER THIS AGREEMENT AND WITH RESPECT TO THE SERVICES SHALL NOT EXCEED THE AMOUNT OF FEES PAID BY YOU IN CONNECTION WITH THE SPECIFIC TRANSACTION GIVING RISE TO SUCH LOSS OR DAMAGE, UNLESS CAUSED DIRECTLY BY THE WILLFUL DEFAULT OR FRAUD OF THE MORGAN STANLEY PARTIES. THIS LIMITATION OF LIABILITY IS IN ADDITION TO ANY OTHER LIMITATION PROVIDED IN ANY APPLICABLE ACCOUNT AGREEMENT OR RULES.

  3. Your Indemnification Obligations. You agree to indemnify, defend and hold harmless the Morgan Stanley Parties from and against any and all losses, liabilities, judgments, arbitration awards, settlements, expenses, damages and costs, including attorneys’ fees and disbursements, as incurred by any of them arising in any manner out of or relating to Your use of, or inability to use, the Services or any breach or alleged breach by You of this Schedule. You shall co-operate with the Morgan Stanley Parties as fully as reasonably required in the defence of any third party claim subject to these indemnity provisions. Morgan Stanley reserves the right to assume the exclusive defence and control of any matter otherwise subject to indemnification by You. You shall not in any event settle any matter without the prior written consent of Morgan Stanley. This indemnity is in addition to any other indemnity provided in any applicable Customer Document or Rules.

  4. Governing Law; Injunctive Relief. This Schedule, its enforcement, and any dispute arising out of or relating to the subject matter of this Schedule (including any non-contractual obligations relating thereto) shall be governed by the laws of England, and the parties irrevocably consent to the exclusive jurisdiction of the courts of England for any such disputes. You acknowledge that any breach or threatened breach by You of any provision of this Schedule may cause Morgan Stanley or its affiliates or the Vendors irreparable injury and damage and, therefore, that any such breach or threatened breach may be enjoined through injunctive proceedings in addition to any other rights and remedies that may be available to Morgan Stanley or its affiliates or the Vendors at law or in equity.

  5. Notice. Any notices or other communications required or permitted to be given or delivered under this Schedule by Morgan Stanley to You shall be provided through the Services, by e-mail, by facsimile (with confirmation of receipt) or in writing to the address provided by You, which You are solely responsible for updating as necessary. Any notices or other communications under this Schedule by You to Morgan Stanley shall be provided in writing to Morgan Stanley & Co. International plc., 25 Cabot Square, Canary Wharf, London E14 4QA, England, Attention: Legal and Compliance Division, or as otherwise specified in writing, and, if the name of an affiliated entity appears on the signature line below, to that entity

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at the address provided below as well. Notices transmitted electronically (e-mail or fax or phone) shall be effective upon transmission, provided that such notice is properly addressed; all other notices shall be effective upon receipt.

  1. Assignment; Waiver. You may not assign, sublicense, delegate, subcontract or otherwise transfer Your rights, duties and obligations under this Schedule to a third party without Morgan Stanley’s express written consent. Any instrument purporting to make an assignment or other transfer in violation of this provision shall be null and void. Any forbearance or delay on the part of either party hereto in enforcing any provision of this Schedule or any of its rights hereunder shall not be construed as a waiver of such provision or of a right to enforce the same for such occurrence or any future occurrence.

  2. Termination. Morgan Stanley may terminate or suspend this Schedule with respect to any Service immediately, with or without cause, upon notice to You. You may terminate this Schedule, with or without cause, upon at least one day’s written notice in non-electronic form to Morgan Stanley. Notwithstanding any such termination or suspension, this Schedule shall remain in effect in respect of any other Service to which You continue to have access. This Schedule shall remain in effect with respect to any Orders placed or Electronic Transactions initiated prior to effectiveness of any termination, and neither party shall be relieved of any payment or other obligation that accrued prior to termination. Sections 2, 4, 5 and 9-19 shall survive the termination of this Schedule.

  3. Privacy and Cookies. Morgan Stanley, its affiliates and Vendors may process personal data as part of and/or in connection with the Services. This includes using cookies and similar technology to collect information about Your use of our Services and Your preferences. To find out more information about how Morgan Stanley processes personal data and uses cookies and how to reject cookies, see Morgan Stanley’s Privacy & Cookies Policy at http://www.morganstanley.com/privacy_pledge.html. By accessing or using the Services you consent to Morgan Stanley, its affiliates and Vendors processing your personal data and using cookies as further detailed in Morgan Stanley’s Privacy & Cookies Policy. You acknowledge and agree that if You choose to reject cookies, some or all parts of the Services may not function properly or may not be accessible.

  4. E-commerce Directive. Unless expressed otherwise in an individual product or Service’s terms of use, no contracting or transaction information required by the E-Commerce Directive, as implemented under applicable law, will be provided in relation to business to business contracts concluded electronically as a result of Your use of the Services.

  5. Miscellaneous. This Schedule, together with any applicable Customer Documents, constitutes the entire agreement between You and Morgan Stanley with respect to the Services. Solely in connection with an Electronic Transaction, in the event of any conflict between this Schedule and any Customer Document, the terms of this Schedule shall prevail. Any cause of action with respect to the Services must be commenced within one year after the claim or cause of action arises. If for any reason a court of competent jurisdiction finds any provision of this Schedule, or portion thereof, to be unenforceable, that provision shall be enforced to the maximum extent permissible so as to effect the intent of this Schedule, and the remainder of this Schedule shall continue in full force and effect. The rights and remedies of the parties hereunder are cumulative and are in addition to, and not in lieu of, all rights and remedies available at law and in equity. Except as expressly agreed in writing between us or provided in this Schedule, this Agreement and the Customer Documents do not create any rights under the Contracts (Rights of Third Parties) Act 1999, save that each of Morgan Stanley’s affiliates shall be entitled to benefit from and to enforce any benefit under this Agreement as if such benefit has been expressly granted to that affiliate.

  6. Foreign Exchange Trading. To the extent that You use the Services for the purposes of FX Trading, the following shall apply:

A. Services. The Services contemplated by this Section 20 include (i) services currently known as FX Trading and the foreign exchange functionality provided on Passport (formerly TradeXL) both accessible through Morgan Stanley’s Client Link and (ii) any other foreign exchange service as may be offered to You by Morgan Stanley directly or through third parties, each of which shall be deemed a Vendor for purposes of this Schedule.

(a) Client Link. In connection with your use of Morgan Stanley’s Client Link, Section 4, entitled “Placement of Orders; Objections”, and Section 8, entitled “E-mail, Chat and Instant Messaging”, of this Schedule are qualified by the following terms:

(i) For purposes of Section 4(a), FX Trading will only accept market orders as “Orders”; the foreign exchange functionality on Passport will accept market orders, requests for quotes, and dealable quotes as “Orders”. We reserve the right to change the parameters established for foreign exchange dealable quotes provided on Passport at any time and without notice to you.

(ii) In the event of any inconsistency with respect to the terms of an Electronic Transaction between either a Notice of Execution or daily reports of Electronic Transactions accessible through Client Link and a confirmation, the terms of the confirmation for the relevant Electronic Transaction shall prevail.

(iii) Notwithstanding the provisions set forth in Section 4(d), You may not cancel any Orders that you submit through Morgan Stanley Client Link. Morgan Stanley Client Link does not accept on-line cancellation requests.

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(iv) For purposes of Section 4(e), You will be able to access through Morgan Stanley Client Link daily reports of all Electronic Transactions executed prior to the close of business on each business day on which You execute Electronic Transactions through such Service. You shall be deemed to have accepted the terms of all such Electronic Transactions unless You object to them by contacting Morgan Stanley by telephone by the close of trading on such business day.

(v) Notwithstanding the terms of Section 8, Morgan Stanley may agree in advance to accept Orders from You that are sent to Morgan Stanley by e-mail or instant messaging. With respect to any Orders submitted to Morgan Stanley by e-mail or instant messaging , You agree to accept all risk related to the possibility that Your Order may be delayed, corrupted, or otherwise fail to reach Morgan Stanley in a timely manner in the form in which it was transmitted by You. In addition, You acknowledge that Morgan Stanley will act upon Orders that we receive from You by e-mail or instant messaging only after such Orders have been reviewed and approved by an authorised person of Morgan Stanley, who shall then, subject to the instructions contained in Your message, submit the trade for execution. You further acknowledge that Orders received by e- mail or instant messaging are subject to the rules contained in Section 4 of this Schedule, including our ability to cancel such Orders in whole or in part for any reason.

(b) Third Party Foreign Exchange Services. Section 4, entitled “Placement of Orders; Objections”, shall be qualified in its entirety by the terms of any user guide and/or product information governing the use of a third party foreign exchange service, which terms shall govern Your use of such third party service to transact with Morgan Stanley to the extent that such terms may conflict with the provisions set forth in this Schedule. In the event that the terms of this Schedule that govern what rights Morgan Stanley may assert in connection with Your use of any third party foreign exchange service are inconsistent with any third party beneficiary terms contained in the customer or user agreement that You have executed directly with a Vendor governing Your use of such third party service, the terms of this Schedule shall prevail.

B. Scope of Use. You shall be permitted to use the Services to enter into foreign exchange transactions with Morgan Stanley, and to access any information and content that Morgan Stanley and/or any Vendor may provide on, through or in connection with the relevant Services (“Service Data”).

C. Service Fees. There are currently no service fees payable by You to Morgan Stanley for use of the Services.

D. Additional Software Provided. Morgan Stanley is not providing you with any additional software in order to use the Services.

SCHEDULE II – TERMS RELATING TO EXCHANGE-TRADED DERIVATIVES

The terms in this Schedule (consisting of Parts A, B, C, D and E) will apply if the Client trades exchange-traded derivatives with or through Morgan Stanley. Any capitalised term used in this Schedule and not otherwise defined shall have the meaning given to it in the Agreement.

PART A – DEALING

1. SERVICES

1.1 The services covered by this Schedule are dealing and clearing services in financial and commodity options, futures and contracts for differences traded on or under the Rules of an Exchange.

2. BASIS OF DEALING

2.1 Some futures and options Exchanges only allow dealings between members of the Exchange. If Morgan Stanley is not a member of a particular Exchange, Morgan Stanley will need to use an intermediate broker who is a member to execute a Transaction for the Client on that Exchange.

2.2 Many futures and options Exchanges require members to deal with each other as principal. Morgan Stanley will always deal as principal on an Exchange or with an intermediate Broker, unless the Rules of the Exchange actually require Morgan Stanley to trade as the Client’s agent. This means that to give the Client the benefit of the contract Morgan Stanley have entered into on Exchange or with an intermediate Broker (the “ Exchange Contract ” ) Morgan Stanley will enter into a contract with the Client which is identical in all respects with the Exchange Contract except that it will be between the Client and Morgan Stanley (the “ Client Contract ”).

2.3 Accordingly, when Morgan Stanley carries out a Transaction for the Client, Morgan Stanley will make or place an Exchange Contract on the floor of the relevant market (by open outcry on the floor of, or on an automated trading system administered by, a futures and options Exchange) or with or through an intermediate Broker, and an equivalent Client Contract will come into existence. The Client and Morgan Stanley will have equivalent rights and obligations under the Client Contract that Morgan Stanley and Morgan Stanley’s counterparty have under the Exchange Contract.

2.4 Where permitted by the Rules Morgan Stanley may take the opposite side of a client order or otherwise enter into cross trades with or for the Client.

3. CLIENT INSTRUCTIONS AND ACTIONS

3.1 At maturity delivery obligations will (or, in the case of an option, will if it is exercised) arise. Frequently those trading for investment purposes will not wish to make or receive delivery of the underlying Investment or asset but prefer to take any profit or loss in cash, which can be achieved by closing out the contract. Subject to the requirements of the Agreement, the Rules and any further requirements Morgan Stanley notifies to the Client, the Client may at any time before the time for performance of a Client Contract request Morgan Stanley to close out the corresponding Exchange Contract or, if a purchased option, to exercise that option. If the closing out of the Exchange Contract results in a sum of money being due to the Exchange, Clearing House or Broker by Morgan Stanley, Morgan Stanley will notify the Client of that amount which will be immediately payable by the Client to Morgan Stanley under the corresponding Client Contract.

3.2 To enable Morgan Stanley to settle, deliver or, in the case of options, exercise or allocate an Exchange Contract the Client will give Morgan Stanley such instructions and take such action as Morgan Stanley reasonably requires. So that Morgan Stanley can communicate such instructions to the relevant Exchange, Clearing House or Broker, or take any other action that is necessary to effect such instructions, the Client must give Morgan Stanley the Client’s instructions within any time limit Morgan Stanley notifies to the Client.

3.3 If the Client fails to give Morgan Stanley any instructions or to take any actions that Morgan Stanley has required pursuant to paragraph 3.2 of this Schedule, Morgan Stanley may: (i) close out any relevant open positions; (ii) make or receive delivery of any underlying Investment or asset: and (iii) take action to cover, reduce or eliminate any potential losses or liabilities in respect of the relevant Exchange Contract, on such terms and in such manner as Morgan Stanley, in a acting in a commercially reasonable manner, deems necessary or appropriate. For the avoidance of doubt Morgan Stanley shall not be under any obligation to exercise rights under this paragraph 3.3.

3.4 The Client must decide whether or not to exercise any option. Morgan Stanley will not be responsible to the Client for the consequences of failing to exercise an option if Morgan Stanley does not receive sufficiently clear and timely instructions from the Client in relation to the exercise of such option.

4. ALLOCATION

4.1 If the relevant Exchange, Clearing House or Broker does not allocate Exchange Contracts at maturity directly to a specific account Morgan Stanley may allocate those Exchange Contracts at random or, exercising Morgan Stanley’s commercially reasonable discretion, in a way that is equitable as between clients. If dealings on Morgan Stanley’s own account are involved at the same time, then Morgan Stanley will allocate such Exchange Contracts to all of Morgan Stanley’s clients first and Morgan Stanley will receive no allocation until all relevant Client Contracts have been satisfied.

5. DELIVERY TO THE CLIENT

5.1 Subject to the terms of the Agreement and provided that the Client has fulfilled all of the Client’s obligations under the Agreement, when Morgan Stanley receives any sums and/or Investments or other assets under an Exchange Contract Morgan Stanley will pay such sums and/or deliver such Investments or other assets to the Client under the corresponding Client Contract after deduction of any Taxes or other charges.

6. ALTERATION OF CONTRACTS

6.1 If the relevant Exchange, Clearing House or Broker requires any terms or conditions of an Exchange Contract to be altered, Morgan Stanley may take such actions as Morgan Stanley, in Morgan Stanley’s commercially reasonable discretion, consider necessary or desirable to comply with such requirements or to avoid or mitigate loss resulting from such alteration. All actions taken by Morgan Stanley will be binding on the Client, and the Client agrees that any alteration will be deemed to be incorporated into the corresponding Client Contract. Morgan Stanley will notify the Client of any alteration (in advance, where this is reasonably practicable).

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7. MARKET INTERVENTION

7.1 Exchange and Clearing House Rules contain broad powers in the event of the default of a member or other adverse situation which may, for example, involve the Exchange or Clearing House exercising rights of set-off, closing out, ceasing to recognise or refusing to clear any contract (including an Exchange Contract). The Client agrees that if an Exchange or Clearing House exercises its powers Morgan Stanley may take such action with respect to any affected Exchange Contracts and related Client Contracts as Morgan Stanley, in its commercially reasonable discretion, considers necessary or desirable and any such action will be binding on the Client. Morgan Stanley will not be liable to the Client in respect of any relevant Client Contract to the extent that a corresponding Exchange Contract is affected by the exercise of powers by an Exchange or Clearing House. This will not affect the Client’s obligations and liabilities in respect of the relevant Client Contract .

8. MARGIN

8.1 The Client will pay or deliver Margin in accordance with the terms of the Agreement.

8.2 Where Cash is transferred to the Client’s Listed Derivatives Account (“Cash Margin”) in accordance with paragraph A.4.2 of the Agreement, such Cash Margin shall be treated by MSI plc as client money (as defined in the Client Money Rules). Among other things, this requires MSI plc to hold client money in an account at an approved bank or in a qualifying money market fund (as defined in the Client Money Rules). For the avoidance of doubt, any money that is transferred to MSI plc on a title transfer basis under the terms of this Agreement is not client money as defined by the Client Money Rules.

Cash treated by MSI plc as client money will be held in an account at an approved bank or unless the Client notifies MSI plc otherwise in writing may be placed by MSI plc in a qualifying money market fund. If MSI plc provides custody of units in such qualifying money market funds MSI plc will do so in accordance with the FCA’s custody rules and not in accordance with the Client Money Rules and accordingly MSI plc shall not be liable for any restriction on redemption or diminution in value of such units in a qualifying money market fund.

MSI plc may also allow another third party (for example, an exchange, market, intermediate broker, OTC counterparty or clearing house) to hold or control client money in order to effect one or more Transactions through or with that person or to satisfy the Client’s obligation to provide collateral in respect of a Transaction. MSI plc has no responsibility for any acts or omissions of any third party to whom it passes money received from the Client. The third party to whom MSI plc passes money may hold it in an omnibus account and it may not be possible to separate such money from MSI plc’s money, or the third party’s money. The Client agrees and acknowledges that where MSI plc allows a third party to hold or control client money, this may involve a transfer of full ownership of the money to that third party, in which case the Client will no longer have a proprietary claim to such money and the transferee may deal with it in its own right. In the event of insolvency or other analogous proceedings in relation to that third party, MSI plc will only have an unsecured claim against the third party on behalf of the Client and MSI plc’s other clients, and the Client will be exposed to the risk that the money received by MSI plc from the third party is insufficient to satisfy the claims of the Client and all other clients with claims in respect of the relevant account.

MSI plc may pass client money to a person who is located outside the United Kingdom. In such circumstances the legal and regulatory regime applying to the bank, intermediate broker, settlement agent or OTC counterparty will be different from that of the United Kingdom and, in the event of failure of the bank, intermediate broker, settlement agent or OTC counterparty, this money may be treated in a different manner from that which would apply if the money was held by a bank, intermediate broker, settlement agent or OTC counterparty in the United Kingdom. Where this is necessary to provide the services you have requested under this Agreement, the Client requests MSI plc to deposit its client money with such third parties.

MSI plc may pass client money to an exchange or clearing house, inside or outside the United Kingdom. Certain exchanges or clearing houses may not acknowledge the notice which MSI plc is required to serve on them which confirms that they have no right of set-off or counterclaim between MSI plc’s client accounts and any other accounts that MSI plc may maintain with them. In such circumstances the Client’s money might not be protected as effectively where an acknowledgement is provided.

MSI plc is required to limit the client money that it deposits or holds with relevant group entities (as defined in the FCA Rules) so that those funds do not at any point in time exceed 20 per cent of the balance on (1) all of MSI plc’s general client bank accounts (as defined in the FCA Rules) considered in aggregate; (2) each of its designated client bank accounts (as defined in the FCA Rules); and (3) each of its designated client fund accounts (as defined in the FCA Rules).

Where MSI plc agrees to effect transactions, in a jurisdiction outside the United Kingdom, then it may need to appoint a settlement agent to undertake those transactions. In order to meet the settlement obligations to the relevant Exchange or Clearing House, MSI plc will need to pass the Client’s money or Investments to a settlement agent in that jurisdiction. In that event the Client’s money might not be protected as effectively when held by such a settlement agent as if it were held in a client bank account in the United Kingdom. The Client should note that in the event of a shortfall arising on the money available to meet the claims of segregated clients the Client’s claim will be restricted to the money held in MSI plc’s client bank accounts in respect of transactions carried on through that settlement agent and to any money received from the settlement agent relating to those transactions.

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The Client agrees that MSI plc may, in its sole discretion, decide to pay away to a registered charity of MSI plc’s choice any money that MSI plc holds for you as client money and, accordingly, release it from its client bank account(s) and cease to treat the Client’s money as client money if there has been no movement in the Client’s balance for a period of six years (notwithstanding any payments or receipts of charges, interest or similar items) and MSI plc has been unable to contact the Client having taken reasonable steps in accordance with the Client Money Rules to trace the Client and return the money. MSI plc undertakes to make good any valid claim against released balances.

9. MORGAN STANLEY’S POWERS

9.1 Without prejudice to Morgan Stanley’s rights under the Agreement, following an Event of Default Morgan Stanley may (with prior notice to the Client if this is practicable) take such steps as Morgan Stanley, in its absolute discretion, consider necessary or desirable to comply with, perform or cancel any of Morgan Stanley’s obligations to the relevant Exchange, Clearing House or Broker in respect of any Exchange Contract, including:

  • (a) buying or selling the Investment or asset underlying the Exchange Contract;

  • (b) buying or selling futures or options contracts;

  • (c) opening new long or short positions in order to establish a spread or straddle;

  • (d) applying any Margin;

  • (e) cancelling, terminating or otherwise liquidating any Transaction; and/or

  • (f) setting off any obligation of Morgan Stanley’s against an obligation of the Client’s.

Any amounts that Morgan Stanley incurs in exercising rights under this paragraph 9 will be immediately due by the Client to Morgan Stanley and Morgan Stanley may apply any Margin, including realising Margin, in satisfaction of the Client’s liability.

9.2 Morgan Stanley may convert any funds realised under this paragraph 9 at such rate and into such currencies as Morgan Stanley may reasonably consider appropriate.

9.3 The Client agrees that following an Event of Default Morgan Stanley will not be obliged to deliver to the Client under any Client Contract the underlying Investment or asset or any money received or receivable on closing out until the Client have satisfied or discharged all of the Client’s liabilities to Morgan Stanley under the Agreement.

10. TERMINATION

10.1 Termination of the Agreement will be without prejudice to our rights to Margin and the relevant terms of the Agreement will continue to apply until all Exchange Contracts and matching Client Contracts have been closed out, settled or delivery effected and all liabilities in respect of such contracts discharged.

11. REPRESENTATIONS

The Client represents, warrants and undertakes that:

(a) any orders or instructions given by it to MSI plc in respect of exchange traded derivatives transactions pursuant to this Agreement will represent speculative transactions as defined in the CFTC Rule 1.3(z); and

  • (b) if the Client is domiciled in the United States of America the Client shall only enter into non-US futures transactions and non-US CFTC approved listed options with MSI plc pursuant to this Agreement.

The representations and warranties contained in this clause 11 shall be deemed to be repeated each time an order or instruction is given by the Client under this Agreement.

Exchange-Traded Derivative Supplement

Definitions

“Broker” means a member of an Exchange and/or Clearing House that is instructed by us to execute, clear or settle a transaction and may be an Associated Firm;

“Client Contract ” has the meaning given in paragraph 2.2 of Part A this Schedule;

“ Exchange Contract ” has the meaning given in paragraph 2.2 of Part A of this Schedule;

“Rules” means:

  • (a) all applicable laws and regulations;

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  • (b) all applicable rules, orders, announcements, decisions, directions, guidelines, provisions, requirements, terms and customs of a governmental, regulatory or self-regulatory authority, Exchange, Clearing House, Broker or other body having regulatory or enforcement responsibility (including requirements resulting from agreements entered into by us, an Associated Firm or Broker with or in favour of the relevant Exchange, Clearing House, regulatory or selfregulatory authority, Broker or other body);

“Taxes” means taxes, duties, imposts and fiscal and regulatory charges of any nature, wherever and whenever imposed including value added taxes, stamp and other documentary taxes and Exchange, Clearing House, regulatory and industry levies.

“ Transaction ” means for the purposes of this Schedule the entering into of an Exchange Contract, closing out or effecting delivery and/or settlement of an Exchange Contract (including the exercise or allocation of an option contract).

PART B – MASTER NETTING AGREEMENT

THIS MASTER NETTING AGREEMENT ( “MNA” ) is made as of the date of the Agreement of which it forms part and is between (A) the Client ; and (B) MSI plc .

The Futures and Options Association is an industry association. It publishes the following form of Master Netting Agreement which provides for the close-out and netting of the parties’ obligations under exchange-traded derivatives contracts.

IT IS HEREBY AGREED AS FOLLOWS:

1. Scope of this Agreement

  • 1.1 Unless otherwise agreed in writing by the Parties in Annex 1 of this MNA or otherwise and subject to the next sentence, this MNA and the particular terms agreed by the Parties govern each Transaction (as defined in Annex 1 of this MNA) entered into or outstanding between any two Designated Offices of the Parties on or after the date of execution of this MNA. In the case of Transactions within paragraph (i), (ii), (iii) or (iv) of the definition of “Transaction” in clause 13 of this MNA, this MNA governs only those Transactions where the Exchange mentioned in such definition is a Specified Exchange.

  • 1.2 This MNA, the particular terms of, and applicable to, each and every Transaction governed by this MNA, the annexes to this MNA and all amendments to any of such items shall together constitute a single agreement between the Parties. The Parties acknowledge that all Transactions governed by this MNA, which are entered into on or after the date of execution of this MNA, are entered into in reliance upon the fact that all such items constitute a single agreement between the Parties.

  • 1.3

  • All defined terms in this MNA shall have the meaning given to them in Clause 13 of this MNA.

2. Settlement and Exchange of Clearing Organisation Rules

  • 2.1 Unless a Liquidation Date has occurred or has been effectively set, a Party shall not be obliged to make any payment or delivery scheduled to be made by that Party under a Transaction governed by this MNA for so long as an Event of Default or Potential Event of Default with respect to the other Party has occurred and is continuing.

  • 2.2 Unless otherwise agreed in writing by the Parties, if the Parties enter into any Transaction governed by this MNA to close out any existing Transaction between the Parties then their obligations under such Transactions shall automatically and immediately be terminated upon entering into the second Transaction, except for any settlement payment due from one Party to the other in respect of such closed-out Transactions.

  • 2.3 This MNA shall not be applicable to any Transaction to the extent that action which conflicts with or overrides the provisions of this agreement has been started in relation to that Transaction by a relevant Exchange or clearing organisation under applicable rules or laws and is continuing.

3. Representations, Warranties and Covenants

  • 3.1 Each Party represents and warrants to the other Party as of the date of execution of this MNA and, in the case of the representation and warranty in (v) of this Clause 3.1 of MNA relating to the entering into of Transactions, as of the date of entering into each Transaction governed by this MNA that: (i) it has authority to enter into this agreement; (ii) the person entering into the agreement on its behalf has been duly authorised to do so: (iii) this agreement and the obligations created under this agreement are binding upon it and enforceable against it in accordance with their terms (subject to applicable principles of equity) and do not and will not violate the terms of any agreements to which such Party is bound; (iv) no Event of Default or Potential Event of Default has occurred and is continuing

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with respect to it; and (v) it acts as principal and sole beneficial owner (and not as trustee) in entering into this MNA and each and every Transaction governed by this MNA.

3.2 Each Party covenants to the other Party that: (i) it will at all times obtain and comply with the terms of and do all that is necessary to maintain in full force and effect all authorisations, approvals, licences and consents required to enable it lawfully to perform its obligations under this agreement; and (ii) it will promptly notify the other Party of the occurrence of any Event of Default or Potential Event of Default with respect to itself or any credit Support Provider in relation to it.

4 Termination and Liquidation

4.1 If, at any time:

  • (i) a Party fails to make any payment when due under or to make or take delivery of any property when due under, or to observe or perform any other provision of, this MNA (including any Transaction governed by this MNA) and such failure continues for two business days after notice of non-performance has been given by the other Party to the defaulting Party;

  • (ii) a Party commences a voluntary case or other procedure seeking or proposing liquidation, reorganisation, an arrangement or composition, a freeze or moratorium, or other similar relief with respect to itself or to its debts under any bankruptcy, insolvency, regulatory, supervisory or similar law (including any corporate or other law with potential application to an insolvent Party), or seeking the appointment of a trustee, receiver, liquidator, conservator, administrator, custodian, examiner or other similar official (each a “Custodian”) of it or any part of its assets; or takes any corporate action to authorise any of the foregoing; and, in the case of a reorganisation, arrangement or composition, the other Party does not consent to the proposals;

  • (iii) an involuntary case or other procedure is commenced against a Party seeking or proposing liquidation, reorganisation, an arrangement or composition, a freeze or moratorium, or other similar relief with respect to it or its debts under any bankruptcy, insolvency, regulatory, supervisory or similar law (including any corporate or other law with potential application to an insolvent Party) or seeking the appointment of a Custodian of it or any part of its assets and such involuntary case or other procedure either (a) has not been dismissed within five days of its institution or presentation or (b) has been dismissed within such period but solely on the grounds of an insufficiency of assets to cover the costs of such case or other procedure;

  • (iv) a Party dies, becomes of unsound mind, is unable to pay its debts as they fall due or is bankrupt or insolvent, as defined under any bankruptcy or insolvency law applicable to such Party; or indebtedness of a Party is not paid on the due date therefore or becomes, or becomes capable at any time of being declared, due and payable under agreements or instruments evidencing such indebtedness before it would otherwise have been due and payable, or proceedings are commenced for any execution, any attachment or garnishment, or any distress against, or an encumbrancer takes possession of, the whole or any part of the property, undertaking or assets (tangible and intangible) of a Party;

  • (v) a Party or any Credit Support Provider in relation to a Party (or any Custodian acting on behalf of a Party or any Credit Support Provider in relation to a Party) disaffirms, disclaims or repudiates any obligation under this agreement (including any Transaction governed by this MNA) or any Credit Support Document;

  • (vi) any representation or warranty made or deemed made by a Party pursuant to this agreement or pursuant to any Credit Support Document proves to have been false or misleading in any material respect as at the time it was made or given;

  • (vii) (a) any Credit Support Provider in relation to a Party or the relevant Party itself fails to comply with or perform any agreement or obligation to be complied with or performed by it in accordance with the applicable Credit Support Document; (b) any Credit Support Document relating to a Party expires or ceases to be in full force and effect prior to the satisfaction of all obligations of such Party under this agreement (including any Transaction governed by this MNA), unless the other Party has agreed in writing that this shall not be an Event of Default; (c) any representation or warranty made or deemed made by any Credit Support Provider in relation to a Party pursuant to any Credit Support Document proves to have been false or misleading in any material respect as at the time it was made or given or deemed made or given; or (d) any event referred to in (ii) to (iv) or (viii) of this Clause 4.1 of MNA occurs in respect of any Credit Support Provider in relation to a Party;

  • (viii) a Party is dissolved, or in respect of a Party whose existence is dependent upon a formal registration, such registration is removed or ends, or any procedure is commenced seeking or proposing a Party’s dissolution or the removal or ending of such a registration of a Party; or

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  • (ix) any event of default (however described) occurs under any terms of business in place between the Parties or any other event specified for these purposes in Annex 1 of this MNA or otherwise occurs,

THEN the other Party (the “ Non-Defaulting Party ”) may exercise its rights under Clause 4.2 of MNA, except that, if so agreed in writing by the Parties (whether by specifying as such in Annex 1 hereto or otherwise), in the case of the occurrence of any Event of Default specified in paragraph (ii) or (iii) above the provisions of Clause 4.3 of MNA shall apply.

  • 4.2 Subject to Clause 4.3 of this MNA, at any time following the occurrence of an Event of Default, the NonDefaulting Party may, by notice to the Defaulting Party, specify a Liquidation Date for the termination and liquidation of Transactions in accordance with the provisions of Clause 4.4 of this MNA.

  • 4.3 If the Parties have so agreed, the date of the occurrence of any Event of Default specified in paragraph (ii) or (iii) of Clause 4.1 of this MNA shall automatically constitute a Liquidation Date, without the need for any notice by either Party and to the intent that the provisions of Clause 4.4 of this MNA shall then apply.

  • 4.4 Upon the occurrence of a Liquidation Date:

  • (i) neither Party shall be obliged to make any further payments or deliveries under any Transactions governed by this MNA which would, but for this Clause, have fallen due for performance on or after the Liquidation Date and such obligations shall be satisfied by settlement (whether by payment, set-off or otherwise) of the Liquidation Amount;

  • (ii) the Non-Defaulting Party shall (on, or as soon as reasonably practicable after, the Liquidation Date) determine (discounting if appropriate), in respect of each Transaction governed by this MNA, its total cost, loss or, as the case may be, gain, in each case expressed in the Non-Defaulting Party’s Base Currency (and, if appropriate, including any loss of bargain, cost of funding or, without duplication, cost, loss or, as the case may be, gain as a result of the termination, liquidation, obtaining, performing or reestablishing of any hedge or related trading position), as a result of the termination, pursuant to this MNA, of each payment or delivery which would otherwise have been required to be made under such Transaction (assuming satisfaction of each applicable condition precedent and having due regard to, if appropriate, such market quotations published on, or official settlement prices set by, a relevant Exchange or clearing organisation as may be available on, or immediately preceding, the date of calculation); and

  • (iii) the Non-Defaulting Party shall treat each cost or loss to it, determined as above, as a positive amount and each gain by it, so determined, as a negative amount and aggregate all of such amounts to produce a single, net positive or negative amount, denominated in the Non-Defaulting Party’s Base Currency (the “ Liquidation Amount ”).

  • 4.5 If the Liquidation Amount determined pursuant to Clause 4.4 of this MNA is a positive amount, the Defaulting Party shall pay it to the Non-Defaulting Party and if it is a negative amount, the Non-Defaulting Party shall pay it to the Defaulting Party. The Non-Defaulting Party shall notify the Defaulting Party of the Liquidation Amount, and by which Party it is payable, immediately after the calculation of such amount.

  • 4.6 Unless the Parties specify otherwise in Annex 1 of this MNA or otherwise, where termination and liquidation occurs in accordance with Clause 4.4 of this MNA, the Non-Defaulting Party shall also be entitled, at its discretion, to apply the provisions of Clause 4.4 to any other Transactions entered into between the Parties which are then outstanding, as if each such Transaction were a Transaction governed by this MNA.

  • 4.7 The amount payable by one Party to the other Party pursuant to the provisions of Clause 4.5 of this MNA, or any applicable laws or regulations, shall be paid in the Non-Defaulting Party’s Base Currency by the close of business on the business day following the completion of the termination and liquidation under Clause 4.4 of this MNA, or any laws or regulations having a similar effect, (converted as required by applicable law into any other currency, any costs of such conversion to be borne by, and (if applicable) deducted from any payment to, the Defaulting Party). Any such amount which is not paid on the due date therefore shall bear interest, at the average rate at which overnight deposits in the currency of such payment are offered by major banks in the London interbank market as of 11.00 a.m. (London time) (or, if no such rate is available, at such reasonable rate as the Non-Defaulting Party may select) plus 1% per annum, for each day for which such amount remains unpaid.

  • 4.8 For the purpose of any calculation hereunder, the Non-Defaulting Party may convert amounts denominated in any other currency into the Non-Defaulting Party’s Base Currency at such rate prevailing at the time of the calculation as it shall reasonably select.

  • 4.9 The Non-Defaulting Party’s rights under this Clause 4 of this MNA shall be in addition to, and not in limitation or exclusion of, any other rights which the Non-Defaulting Party may have (whether by agreement, operation of law or otherwise).

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5 Set-Off

Without prejudice to any other right or remedy which it may have, either Party may, on or after the occurrence of a Liquidation Date and the determination of the Liquidation Amount, set off any amount owing by it (whether actual or contingent, present or future and including, if applicable and with out limitation, the Liquidation Amount and any amount due and payable on or before the Liquidation Date but remaining unpaid) to the other Party against any amount owing by such other Party (whether actual or contingent, present or future and including, if applicable and without limitation, the Liquidation Amount and any amount due and payable before the Liquidation Date but remaining unpaid) to the first Party.

6 Currency Indemnity

If a Party (the first Party) receives or recovers any amount in respect of an obligation of the other Party (the second Party) in a currency other than that in which such amount was payable, whether pursuant to a judgement of any court or otherwise, the second Party shall indemnify and hold harmless the first Party from and against any cost (including costs of conversion) and loss suffered by the first Party as a result of receiving such amount in a currency other than the currency in which it was due.

7. Assignments and Transfers

Neither Party may assign, charge or otherwise transfer or purport to assign, charge or otherwise transfer its rights or obligations under this agreement (including the Transactions governed by this MNA) or any interest therein without the prior written consent of the other Party, and any purported assignment, charge or transfer in violation of this Clause shall be void.

8. Notices

Unless otherwise agreed, all notices, instructions and other communications to be given to a Party under this agreement shall be given to the address, telex (if confirmed by the appropriate answerback) or facsimile (confirmed if requested) number and to the individual or department specified in Annex 1 of this MNA, the Customer Signature page or by notice in writing by such Party. Unless otherwise specified, any notice, instruction or other communication given in accordance with this Clause shall be effective upon receipt.

9. Termination, Waiver and Partial Invalidity

  • 9.1 Either of the Parties hereto may terminate this agreement at any time by seven days’ prior notice to the other Party and termination shall be effective at the end of such seventh day; provided, however, that any such termination shall not affect any then outstanding Transactions governed by this MNA, and the provisions of this agreement shall continue to apply until all the obligations of each Party to the other under this MNA (including the Transactions governed by this MNA) have been fully performed.

  • 9.2 A Party may waive any right, power or privilege under this MNA only by (and to the extent of) an express statement in writing.

  • 9.3 If, at any time, any provision of this MNA is or becomes illegal, invalid or unenforceable in any respect under the law of any jurisdiction, neither the legality, validity or enforceability of the remaining provisions of this MNA nor the legality, validity or enforceability of such provision under the law of any other jurisdiction shall in any way be affected or impaired thereby.

10. Time of Essence

Time shall be of the essence in this MNA.

11. Payments

  • Every payment to be made by a Party under this MNA shall be made in same day (or immediately available) and freely transferable funds to the bank account designated by the other Party for such purpose.

12. Governing Law and Jurisdiction

  • 12.1 These terms and any non-contractual obligations relating thereto shall be governed by, and construed in accordance with, the laws of England and Wales.

  • 12.2 With respect to any Proceedings, each Party irrevocably (i) agrees that the courts of England shall have exclusive jurisdiction to determine any Proceedings and irrevocably submits to the jurisdiction of the English courts and (ii) waives any objection which it may have at any time to the bringing of any Proceedings in any such court and

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agrees not to claim that such Proceedings have been brought in an inconvenient forum or that such court does not have jurisdiction over such Party.

12.3

Each Party irrevocably waives to the fullest extent permitted by applicable law, with respect to itself and its revenues and assets (irrespective of their use or intended use), all immunity on the grounds of sovereignty or other similar ground from (i) suit, (ii) jurisdiction of any courts, (iii) relief by way of injunction, order for specific performance or for recovery of property, (iv) attachment of its assets (whether before of after judgement) and (v) execution or enforcement of any judgement to which it or its revenues or assets might otherwise be entitled in any Proceedings in the courts of any jurisdiction and irrevocably agrees to the extent permitted by applicable law that it will not claim any such immunity in any Proceedings. Each Party consents generally in respect of any Proceedings to the giving of any relief or the issue of any process in connection with such Proceedings, including, without limitation, the making, enforcement or execution against any property whatsoever of any order or judgement which may be made or given in such Proceedings.

13. Interpretation

13.1

In this MNA:

“ Base Currency ” means, as to a Party, the currency specified as such in Annex 1 of this MNA or agreed as such in relation to it in writing between the Parties or, failing any such specification or agreement, the lawful currency of the United Kingdom;

“ Credit Support Document ” means, as to a Party (the first Party), a guarantee, hypothecation agreement, margin or security agreement or document, or any other document containing an obligation of a third party (“Credit Support Provider”), or of the first Party, in favour of the other Party supporting any obligations of the first Party under this agreement;

“ Credit Support Provider ” has the meaning given to it in the definition of Credit Support Document;

“ Custodian ” has the meaning given to it in Clause 4.1 of this MNA;

“ Defaulting Party ” means the Party in respect of which, or related to a Credit Support Provider in respect of which, an Event of Default has occurred;

“ Designated Office(s) ” means, as to a Party, the office identified with its name on page 1 of this MNA and any other office(s) specified in Annex 1 of this MNA or otherwise agreed by the Parties to be its Designated Office(s) for the purpose of this agreement;

“ Liquidation Date ” means a day on which, pursuant to the provisions of Clause 4 of this MNA, the NonDefaulting Party commences the termination and liquidation of Transactions or such a termination and liquidation commences automatically;

“ Potential Event of Default ” means any event which may become (with the passage of time, the giving of notice, the making of any determination hereunder or any combination thereof) an Event of Default;

“ Proceedings ” means any suit, action, or other proceedings relating to this agreement and any non-contractual obligations arising out of or in relation to this agreement;

“ Specified Exchanges ” means the exchanges specified in Annex 2 of this MNA and any other exchanges agreed by the Parties to be Specified Exchanges for the purpose of Clause 1.1 of this MNA; and “ Specified Exchange ” means any of them;

“ Transaction ” for the purposes of this MNA means:

(i) a contract made on an Exchange or pursuant to the rules of an Exchange;

(ii) a contract subject to the rules of an Exchange; or

(iii) a contract which would (but for its term to maturity only) be a contract made on, or subject to the rules of, an Exchange and which, at the appropriate time, is to be submitted for clearing as a contract made on, or subject to the rules of, an Exchange,

in any of cases (i), (ii), (iii) being a future, option, contract for differences, spot or forward contract of any kind in relation to any commodity, metal, financial instrument (including any security), currency, interest rate, index or any combination thereof;

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(iv) a transaction which is back-to-back with any transaction within paragraph (i), (ii) or (iii) of this definition; or

(v) any other transaction which the Parties agree shall be a Transaction.

13.2 In this MNA, “ Event of Default ” means any of the events listed in Clause 4.1 of this MNA; “ Liquidation Amount ” has the meaning ascribed to it in Clause 4.4; and “ Non-Defaulting Party ” has the meaning ascribed to it in 4.1.

  • 13.3 Any reference in this MNA to:

a “ business day ” shall be construed as a reference to a day (other than a Saturday or Sunday) on which:

(i) in relation to a date for the payment of any sum denomination in (a) any currency (other than euro), banks generally are open for business in the principal financial centre of the country of such currency; or (b) euro, settlement of payments denominated in euros is generally possible in London or any other financial centre in Europe selected by the Parties; and

(ii) in relation to a date for the delivery of any property, property of such type is capable of being delivered in satisfaction of obligations incurred in the market in which the obligation to deliver such first property was incurred;

a “ Clause ” or “ Annex ” shall be construed as a reference to, respectively, a clause or Annex of this MNA, unless the context requires otherwise;

a “ currency ” shall be construed so as to include any unit of account;

“ indebtednes s” shall be construed so as to include any obligation (whether present or future, actual or contingent, as principal or surety or otherwise) for the payment or repayment of money;

“ Parties ” shall be construed as a reference to the parties to this agreement and shall include their successors and permitted assigns; and “ Party ” shall be construed as a reference to which of the Parties is appropriate in the context in which such expression may be used;

a Party to which a Credit Support Provider relates shall be construed as a reference to the Party whose obligations under this agreement are supported by that Credit Support Provider; and

References to this “ MNA ” shall be construed as including the Annexes and as a reference to this MNA as the same may be amended, varied, novated or supplemented from time to time.

ANNEX 1 TO MASTER NETTING AGREEMENT

1. Scope of the MNA

  • (a) Each of the following shall be a Transaction for the purpose of paragraph (v) of the definition of “Transaction” in Clause 13.1 of this MNA: Not applicable.

  • (b) For the purposes of Clause 1.1, this MNA shall not apply to the following Transactions outstanding between the Parties on the date of execution of this MNA: Not applicable.

  • (c) In the event of a discrepancy between this MNA and the Agreement, this MNA will govern in relation to close out netting of Transactions but without prejudice to any other rights that MSI plc may have under the Agreement.

2. Designated Offices

Each of the following shall be a Designated Office: The offices specified in the Client Signature page of the Agreement.

3. Representations, Warrants and Covenants

Clause 3.1 of this MNA is hereby amended by deleting the words “in the case of the representation and warranty in (v) of this Clause 3.1 of MNA relating to the entering into of Transactions,”.

4. Additional Event(s) of Default

Each of the following shall be an Event of Default for the purpose of paragraph (ix) of Clause 4.1 of this MNA: Any of the events described in the Events of Default Section of the Agreement to which this MNA forms part..

5. Automatic Termination

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Upon the occurrence of any Event of Default specified in paragraph (ii) or (iii) of Clause 4.1 of this MNA, the provisions of Clause 4.3 shall not apply.

6. Termination of Other Transactions

The provisions of Clause 4.6 of this MNA shall not apply.

7. Notices

Clause 8 of this MNA is hereby deleted and replaced with the following: Unless otherwise agreed, all notices, instructions and other communications to be given to a Party under this Agreement shall be given in accordance with paragraph M.1.2. of the Agreement to the address, facsimile and/or email address specified for each Party pursuant to the Agreement.

8. No Reliance

In connection with this MNA and Part A of Schedule II of the Agreement, each Transaction and any other documentation relating to this MNA, both Parties represent and acknowledge that (i) it is entering into each Transaction with a full understanding of all material terms and risks thereof, and it is capable of assuming those risks; (ii) it has made its investment and trading decisions (including decisions regarding the suitability of any transaction) based upon its own judgement and upon any advice from such advisors as it has deemed necessary, and not in reliance upon any view expressed by the other Party; (iii) the other Party is not acting as a fiduciary or an advisor for it, and all decisions have been the results of arm’s length negotiations between the Parties; and (iv) the other Party has not given to it any assurance or guarantee as to the expected performance or result of any Transaction.

9. Base Currency: US Dollars

10. Credit Support Document : The Agreement shall constitute a Credit Support Document for the purposes of Clause 4.1(vii) of this MNA.

11. Selected Financial Centres for Euro Settlements: Not Applicable

12. FDICIA Representations

The following provisions shall not apply to this MNA. Each Party represents and warrants to the other Party that it is a financial institution under the provisions of Title IV of the Federal Deposit Insurance Corporation Improvement Act of 1991 (“ FDICIA ”), and the Parties agree that this MNA shall be a netting contract, as defined in FDICIA, and each receipt or payment or delivery obligation hereunder shall be a covered contractual payment entitlement or covered contractual payment obligations, respectively, as defined in and subject to FDICIA.

ANNEX 2 TO MASTER NETTING AGREEMENT

Specified Exchanges

The following Exchanges are Specified Exchanges for the purposes of Clause 1.1 of this MNA;

Any Recognised Investment Exchange, Recognised Overseas Investment Exchange, Designated Investment Exchange as recognised, specified or defined by the FCA Rules or any other EEA exchange.

PART C – EURONEXT.LIFFE REQUIRED TERMS

The provisions of this Part C apply with regard to futures and options dealing under this Exchange-Trade Derivatives Supplement where the Exchange Contract as defined in Part A is a futures or options contract subject to the Rules of Euronext.LIFFE (“ LIFFE ”). MSI plc is an individual clearing member of LIFFE.

Any requirements referred to in this Part C shall refer to requirements currently in force. They cover matters that (i) Morgan Stanley is required to deal with pursuant to LIFFE General Notice 399 and (ii) other LIFFE related terms. Please note that most of the LIFFE required terms set out in General Notice 399 have been incorporated into the main body of this part of this Schedule.

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General provisions for all transactions

1. EXCLUSION OF LIABILITY

Pursuant to the exclusion of liability provisions contained in the LIFFE Rules, as amended from time to time by General Notice, the Client understand that business on the LIFFE market (the “ LIFFE Exchange ”) operated by LIFFE Administration and Management (“ LIFFE” ) may from time to time be suspended, restricted or closed for such period as may be determined in the interests of maintaining a fair and orderly market in accordance with the Rules of LIFFE. Any such action may result in Morgan Stanley, and through Morgan Stanley, the Client being prevented from or hindered in entering into contracts in accordance with the Rules of LIFFE. Furthermore, failures or malfunction of LIFFE communications or equipment, market facilities or the ATS central processing system, or software provided by LIFFE may result in Morgan Stanley being hindered in or prevented from entering into contracts in the terms of Exchange Contracts, or may result in errors in orders or in contracts in the terms of Exchange Contracts. Morgan Stanley and LIFFE wish to draw the following exclusion of liability to the Client’s attention:

Unless otherwise expressly provided in the Rules of LIFFE or in any other agreement to which LIFFE is party, Morgan Stanley and LIFFE shall not be liable to the Client for any loss, damage, injury or delay, whether direct or indirect, arising from any of the circumstances described above or any failure of some or all market facilities or from any act or omission of LIFFE, its officers, employees, agents or representatives under the Rules of LIFFE or pursuant to the LIFFE’s obligations under statute or from any breach of contract by or any negligence howsoever arising of LIFFE, its officers, employees, agents or representatives.

2. ARBITRATION

Notwithstanding any other agreement between the Client and Morgan Stanley, any dispute arising from or relating to this Agreement, insofar as it relates to contracts made subject to the Rules of LIFFE, and any dispute arising from or relating to any such contract, unless resolved between Morgan Stanley and the Client, be referred to arbitration under the Rules of LIFFE, or to such other organisation as LIFFE may direct before either of Morgan Stanley or the Client resort to the jurisdiction of the courts (other than to obtain injunction or an order for security for a claim).

General Provisions for specific types of Transactions

The terms set out in this part of this Schedule shall apply (in addition to paragraphs 1 and 2 above), as set out below, in respect of:

  • (i) all Linked LIFFE Contracts and Linked Participating Exchange Contracts (both as defined below), pursuant to LIFFE General Notice 880;

  • (ii) all Three Month Euroyen Interest Rate Contract (the “ Euroyen Contract” ) where the Client is a customer in respect of the LIFFE contract , pursuant to LIFFE General Notice 807;

(iii) all Three Month Euroyen Interest Rate Contract (the “ Euroyen Contract ”) where the Client is a customer in respect of the LIFFE contract and the TIFFE Contract , pursuant to LIFFE General Notice 807.

In the case of conflict between terms set out in General Notice 399, the terms set out in General Notice 807, and the terms set out in General Notice 880, the terms of General Notice 399 shall prevail.

3. EXCLUSION OF LIABILITY

LIFFE shall have no liability whatsoever to any member or client in contract, tort (including, without limitation, negligence), trust, as fiduciary or under any other cause of action (except in respect of gross negligence, wilful default or fraud on its part), in respect of any damage, loss, cost or expense of whatsoever nature suffered or incurred by any member or client, as the case may be, as a result of: any suspension, restriction or closure of the market administered by either a Participating Exchange, the LIFFE Exchange, or TIFFE (as the case may be) whether for a temporary period or otherwise, or as a result of a decision taken on the occurrence of a market emergency; any failure by a Participating Exchange, the LIFFE Exchange, LCH or TIFFE (as the case may be) to supply each other with data or information in accordance with arrangements from time to time established between all or any of them; the failure of communications facilities or technology supplied, operated or used by either a Participating Exchange, the LIFFE Exchange, LCH or TIFFE (as the case may be) for the purposes of the Link; any event which is outside its or their control; any act or omission of either a Participating Exchange (where a Participating Exchange is acting otherwise than in connection with its clearing function) or the LIFFE Exchange in connection with any Participating Exchange Contract, Linked LIFFE Contract or Linked Participating Exchange Contract, or any act or omission of the LIFFE Exchange or TIFFE in connection with any TIFFE Euroyen contract or LIFFE Euroyen Contract; any act or omission of a Participating Exchange, the LIFFE Exchange, LCH or TIFFE (as the case may be) in connection with the operation of the Link or the arrangements for the transfer of contracts

4. MARGIN AND CLIENT MONEY/ASSETS

Following the transfer of a Linked LIFFE Contract and the creation of a Participating Exchange Contract or prior to the transfer of a Linked Participating Exchange Contract and the creation of a LIFFE Contract, margin requirements will be determined in accordance with the rules of the Participating Exchange rather than the Rules of LIFFE. Any money or assets

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held in any country outside the UK may be subject to the applicable law of that country and UK client money and other assets rules may not apply. The Client should satisfy itself that this is acceptable to the Client before instructing Morgan Stanley to transact any such business.

Following the transfer of the LIFFE Euroyen contract and the creation of a TIFFE Euroyen contract, margin requirements will be determined in accordance with TIFFE Rules rather than the Rules of LIFFE. Any money or assets held in Japan will be subject to applicable Japanese law rather than English law, and the Client should satisfy itself that this is acceptable to the Client before instructing Morgan Stanley to transact Euroyen business.

Transfer Provisions

5. OUTWARD TRANSFERS OF LINKED PARTICIPATING EXCHANGE CONTRACTS

Morgan Stanley shall endeavour to secure the transfer through the relevant Link of each Linked LIFFE Contract made between Morgan Stanley which is intended for transfer. Upon confirmation by the relevant Participating Exchange of receipt of trade/position details from LCH, rights and obligations under such contract, save for outstanding obligations with respect to fees and margin and those rights and obligations referred to in the Rules of LIFFE and the Regulations of LCH, shall be discharged and there shall arise simultaneously a Participating Exchange Contract between Morgan Stanley. The Participating Exchange Contract shall be subject to the rules of the relevant Participating Exchange and shall not be subject to the provisions of this Agreement.

6. DELAYED OUTWARD TRANSFERS OF LINKED PARTICIPATING EXCHANGE CONTRACTS

In the event that, on any LIFFE trading day or Participating Exchange Day (as appropriate), LCH or the Participating Exchange is unable for whatever reason to transmit details of all Linked LIFFE Contract, Linked Participating Exchange Contract, or LIFFE Euroyen Contract, or LCH or TIFFE or the relevant Participating Exchange is unable to receive or acknowledge receipt of all such details, any such contract made between Morgan Stanley on that day shall remain as an undischarged Linked LIFFE Contract, a Linked Participating Exchange Contract or an undischarged LIFFE Euroyen Contract, (but without prejudice to any default provisions agreed between Morgan Stanley which may be operated to discharge such contract), subject to the Rules of LIFFE and the General Regulations and Default Rules of LCH, or the rules of the Participating Exchange (as appropriate) as from time to time in force, until such time as transfer can be achieved.

7. INWARD TRANSFERS OF LINKED PARTICIPATING EXCHANGE CONTRACTS

In respect of each Linked Participating Exchange Contract made between Morgan Stanley which is intended for transfer through the relevant Link, rights and obligations under such contract, save for outstanding obligations with respect to fees or margin and any other rights or obligations referred to in the Rules of the Participating Exchange, shall be discharged upon confirmation by LCH of receipt of trade/position details from the Participating Exchange and there shall arise simultaneously a LIFFE Contract between Morgan Stanley. The LIFFE Contract shall be subject to the Rules of LIFFE and the General Regulations and Default Rules of LCH.

8. TRANSFERS OF EUROYEN CONTRACTS: IN RESPECT OF LIFFE CONTRACTS

In respect of each Euroyen Contract made between Morgan Stanley, Morgan Stanley shall endeavour to secure its transfer through the Link. Upon confirmation by LIFFE of receipt of trade/position details from LCH, rights and obligations under such contract (save for outstanding obligations with respect to fees or margin and those rights and obligations referred to in the Rules of LIFFE and the Regulations of LCH) shall be discharged.

9. TRANSFERS OF EUROYEN CONTRACTS: IN RESPECT OF BOTH LIFFE AND TIFFE CONTRACTS

In respect of each Euroyen Contract made between Morgan Stanley and the Client, Morgan Stanley shall endeavour to secure its transfer through the Link. Upon confirmation by TIFFE of receipt of trade/position details from LCH, rights and obligations under such contract (save for outstanding obligations with respect to fees or margin and those rights and obligations referred to in the Rules of LIFFE and the Regulations of LCH) shall be discharged and there shall arise simultaneously a TIFFE Euroyen contract between Morgan Stanley and the Client. The TIFFE contract shall be subject to the Rules of TIFFE.

LIFFE’s Block Trade Facility (Summary of LIFFE General Notice 1384)

10. BLOCK TRADE FACILITY

The Client represents and warrants to Morgan Stanley that the Client fully understand the Block Trading Facility and its implications, issued under cover of LIFFE General Notice 1384 and amended from time to time. On the basis of this representation and warranty and the information which Morgan Stanley have about the Client’s expertise and knowledge, Morgan Stanley hereby give the Client notice that Morgan Stanley shall treat the Client as a Wholesale Client (as defined in the Block Trade Trading Procedures) and that Morgan Stanley may conduct Block Trades on the Client’s behalf using LIFFE’s Block Trading Facility.

  • The Block Trade Facility (the “ Facility ”) was introduced by LIFFE to enable LIFFE members and their clients to arrange business of significant size alongside the LIFFE CONNECT[TM] central order book, at a price consistent with fair

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market value for a transaction of that nature, and submit such business to the LIFFE Exchange via LIFFE CONNECT for authorisation during the normal trading hours of the contract concerned. LIFFE will designate those contracts eligible for execution as Block Trades from time to time and will prescribe minimum volume thresholds for each, which are subject to change from time to time by LIFFE General Notice.

  • LIFFE members must ensure that any Block Trade price quoted satisfies fair market value principles.

  • LIFFE will require justification of any trades negotiated at apparently abnormal levels and will reserve the right to refuse to register any such trades. LCH reserves the right to make an additional intra-day margin call in respect of any Block Trade submitted for registration.

  • There are no restrictions upon members entering into Block Trades (provided that the member seeking to register the trade has the requisite trading right). However, only Wholesale Clients (i.e. those with sufficient knowledge, expertise and understanding of the implications of the Facility) will be able to participate. Before a non-member may participate, the member is required to satisfy himself that the client meets these criteria and to notify the client in writing, in advance, that he is to be treated as a Wholesale Client. Following authorisation, the Block Trade will be published on LIFFE CONNECT[TM] and via Quote Vendors.

Definitions

“Exchange Contract” is as defined in Part A of this Exchange-Traded Derivative Schedule;

“LCH” means The London Clearing House Limited;

“LIFFE Contract” means an Exchange Contract to which a Linked Participating Exchange Contract is linked;

“Linked LIFFE Contract” means an Exchange Contract made available for trading on the market pursuant to a Link, which is specified as such in a General Notice published from time to time by the LIFFE Exchange and is linked to a Participating Exchange Contract;

“Linked Participating Exchange Contract” means a Participating Exchange Contract which is specified as such in a General Notice published from time to time by the LIFFE Exchange and is linked to an Exchange Contract;

“Participating Exchange” means an exchange which has concluded one or more agreements in relation to a Link with the Exchange and/or LCH pursuant to which:- (i) contracts in the terms of one or more Linked LIFFE Contracts are to be transferred to, for clearing by, such exchange or its clearing house; or (ii) contracts in the terms of a Linked Participating Exchange Contract are to be transferred to, for clearing by, LCH. The term “Participating Exchange” shall include any clearing house, which from time to time provides clearing services to such exchange;

“Participating Exchange Contract” in respect of a Participating Exchange, means a class of contract permitted to be made by Participating Exchange members under Participating Exchange rules;

“TIFFE” means the Tokyo Financial Exchange.

PART D - A GUIDE TO THE STRUCTURE AND MARKET TERMINOLOGY OF THE LONDON METAL EXCHANGE

Introduction and Purpose

This section is designed to provide clients trading on the London Metal Exchange (“ LME ”) with an overview of the structure of the LME, market terminology, and a guide to how its members execute orders. It is not a comprehensive trading guide, nor a complete guide to market terminology. Clients should always ensure that their requirements are explained in detail to the member responsible for order execution.

The LME

Principal Nature

There are two types of contracts traded on the LME - Exchange Contracts and Client Contracts. Exchange Contracts are contracts between clearing members of the LME. Client Contracts are contracts between clients and ring dealing members (“ RDM ”), or associate broker clearing members (“ ABCM ”), or associate broker members (“ ABM ”)[1] . Only RDMs, ABCMs and ABMs may issue Client Contracts. Statements that they issue to clients must state clearly ‘ THIS IS AN LME REGISTERED CLIENT CONTRACT ’. Contract criteria pertaining to LME contracts, including metal/plastics

1 For the purposes of this notice these categories of members will be referred to as LME members, members or by the appropriate abbreviation.

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specifications, acceptable currencies, prompt dates, option strike prices for metals etc are detailed in the LME rulebook and appropriate notices.

Exchange Contracts are traded between members, matched in the LME matching and clearing system (“ LMEMS” ) and margined by LCH.Clearnet (“ LCH” ). Client Contracts are registered at the LCH but margining arrangements are left to members to agree with their customers (subject to LME rules).

All LME contracts are between parties acting as principals. This prevents any party entering into an LME Contract as agent for someone else but does not prevent an agent effecting a contract between two parties if the resulting LME contract is between disclosed parties, each acting as a principal. It is an essential requirement of an LME Client Contract that one party must be an RDM, ABCM or ABM. MSI plc is an ABCM. A list of members is available from the LME and on the LME website: www.lme.com. A principal relationship does not mean that members do not take on quasi-fiduciary responsibilities when they effect trades for customers. In particular, if a member undertakes to deliver a particular service, for example deal a specific number of lots ‘in the Ring’ (see below), then it should take care to ensure that it complies with all the terms of such a transaction.

In respect of Exchange Contracts, an LME broker buying metal or plastic under an Exchange Contract from another LME broker cannot do so as agent for his client. Where an LME broker buys metal or plastic under an Exchange Contract with a view to selling that metal or plastic to his client, this is achieved by entering into a back-to-back Client Contract with the client. Brokers and customers can agree the conditions that apply to their Client Contracts. For example, a client may make it a condition of his Client Contract that the broker must enter into a back-to-back Exchange Contract for the metal or plastic being bought or sold. This does not make the client a party to the Exchange Contract but does create additional duties and obligations owed by the broker under the Client Contract.

Clients should be clear about conditions that apply to their Client Contracts and about the obligations and duties that the broker owes as a result of those conditions.

Brokers should be clear about the duties and obligations they owe as a result of conditions attaching to their Client Contracts. They should also be clear about the duties they owe to their clients under the FCA’s conduct of business rules.

Dual Capacity

LME members may act both in the capacity of market maker and broker. They may act in a particular manner depending on a number of circumstances, including the size of the order, the liquidity of the market at the time the order was placed, and, not least, the client’s instructions. Client orders may be filled directly from a member’s ‘book’ or following the purchase/sale of metal or plastic in the LME market. Furthermore, client orders may be offset, amalgamated, broken-up or netted for execution. These methodologies apply equally to orders whether any resulting exchange contract is effected in the ring, in the inter-office market, or on LME Select.

Clients with specific order requirements must make these known to the member at the time the order is placed. Clients wishing to know how their order was executed should request such information from the member.

Trading on the LME

Trading takes place on the LME by open outcry in the rings and kerbs, between members in the inter-office, and over the Exchange’s electronic trading system LME Select.

Open Outcry

Historically, during ring and kerb sessions, the majority of client business reflects prices traded in the open outcry sessions. Clients can follow the market activity by monitoring quoted and traded prices disseminated via the LME market data system ( MDS ) , or by listening to the simultaneous floor commentary provided by member(s). The MDS publishes prices traded during ring and kerb times on price vendor information services such as Reuters.

Members can continue to ‘make a market’ on request to a client whilst the ring and kerb sessions are in operation, although this is entirely at the member’s discretion. Alternatively, the client can decide whether to place an order using the ‘order styles’ mentioned below.

Inter-office

Inter-office trading is conducted between members by telephone or by electronic means. On contacting an LME member for a quote, clients will usually be provided with the member’s current bid and offer. The client may trade on this quote, or call another member in an attempt to improve the quote, or wait and monitor prices on the LME market data system, or leave an order with a member. If an order cannot be filled from the member’s book, it may be executed via a back-to-back Exchange Contract agreed via a telephone deal with another member or executed via an electronic trading system.

LME Select

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LME Select allows members to trade LME futures Contracts in metals and plastics, traded options and Traded Average Price Option contracts (TAPOs), and an index future and option. MSI plc also offers an order routing facility to clients via an Application Protocol Interface (API) which allows them to view Select prices, execute trades, and place resting orders. All trading on LME Select is in US dollars.

LME Select replaces neither inter-office trading nor trading in the ring. Depending on the time of day, it is possible for members to deal by telephone or electronically in the inter-office market, by LME Select, or in the rings. Clients should specify which mechanism their broker should use to effect an order, where they have a preference.

Firm prices of the best bid and offer available on LME Select, the total volumes available at these prices, and the price and volume of each trade transacted are distributed to and displayed in real time by information vendors. Only LME Select prices are displayed, not those of other third party electronic trading system providing LME prices. Only RDMs and ABCMs are eligible to become LME Select Participants and to have direct access to the system. Clients may effect back-to-back client contracts based upon prices available on LME Select, whether on the telephone or via electronic order-routing systems.

Order Styles

Ring

Client orders are not traded in the rings or kerbs , so an order using the term ‘in/on/during the ring/kerb’ will be executed on the basis of the prices traded/quoted during the particular session. If a client requires their order to be ‘shown’ or traded across the ring/kerb then they should make this requirement known to their executor, who may or may not accept this as a term of the order. The equivalent Exchange Contract for a client order may not replicate its terms. As the client is not a party to any Exchange Contracts i.e. those traded in open outcry between members in the ring/kerb sessions, in specifying ring/kerb, the client is merely identifying a pricing mechanism. A member which undertakes to match a price traded in the ring/kerb is not necessarily undertaking that it will trade during that ring/kerb, only that it may do so. However, a client may place an order with the specific request that the member trades an Exchange Contract replicating its order in the ring. In such circumstance the RDM can only trade this order by open outcry in the ring.

If a client trades at the prevailing market quote proffered in the ring/kerb, their executor is not necessarily obliged to effect an Exchange Contract at the same price. This can lead to situations where the client has traded at the prevailing market quote, without that same price trading in open outcry across the floor of the Exchange. However, if the instructions from the client are to achieve a specific price i.e. close of ring 2, then this is the price that should be given, if that specific order is accepted.

Market

In normal circumstances a market order is one executed on a timely basis at the prevailing market price. As mentioned above, at certain times of the business day, trading is taking place simultaneously in the ring or kerb, on LME Select, and in the inter-office market. Traditionally, when open outcry trading is in course, the market is defined by activity within the ring/kerb. At other times, the market is split between inter-office trading and trading on LME Select. During inter-office sessions, indicative quotes are available on the MDS and firm prices available on LME Select and the LME Select page on information vendors’ systems. The indicative prices might not be available to all parties.

Best

Order styles on the LME using the word ‘best’ confer some discretion upon the members when executing the order, requiring them to use their ‘best endeavours’ on the client’s behalf. The extent of the discretion is fixed by the terms of the order. This type of order is distinct from ‘best execution’ as defined by the FCA.

Best orders may be executed both in rings/kerbs, inter-office and on LME Select. Inter-office trades rely upon the members’ skill in determining the level of the market at any particular time. Best orders received during ring/kerb times may not result in the client receiving the ‘best’ price achieved during the session if the price improves after the member has booked the metal or plastic intended to fill the order. At any given time, the best price on LME Select will be displayed on the system and by the information vendors. Clients should be aware that depending on market conditions, the best price may move during the period from when the order was placed and when it was executed.

Close

Most orders placed ‘on the close’ are for either the close of the second ring (official LME prices) or the second kerb (closing prices). Both these prices are demonstrable because of the publication of official and closing prices. Closing prices of other sessions are harder to determine, although the LME does also publish unofficial prices which are established at the close of the fourth ring. In all circumstances, clients and members need to agree the style of execution i.e. bid/ask, mean or traded price. Members may not always be able to guarantee execution (price or volume) due to prevailing market conditions. A closing price on LME Select is the last price traded before the system closes.

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Open

Clients placing orders to trade on the opening of a market session must provide clear instructions to the LME member which indicate how this order should be activated i.e. basis the opening bid/ask or basis the first trade in the session. Clients will also need to inform their executor of their requirements if the executor is unable to fill the order basis the ‘opening’ price in its entirety due to market constraints such as insufficient liquidity. Clients may place orders with members for LME Select that can be placed into the system for activation when the market opens.

Resting Orders

When placing resting orders such as ‘good til cancelled’ (‘GTC’, or any derivations thereof) or stop loss orders, clients should ensure that they are in agreement with their executor’s definition of the ‘trigger’ point of the order. Usually, this is interpreted as being the point when the order price is seen to be trading in the market, but it is possible to request the order be activated when the order level is either bid or asked as appropriate, via the prevailing market quote. Stop loss orders become market orders when a trade, or a bid or an offer triggers the stop, with members then executing the order at the current market price.

It is possible for a client not to receive a ‘fill’ on a resting order despite the ‘trigger’ point being ‘touched’. This could be due to a number of circumstances such as order priority, illiquidity, prevailing market conditions etc. Whatever the reason, the executor should be able to provide the client with a full explanation of why it was unable to fill the order.

Clients should be aware that resting orders might be activated during periods of illiquidity in the market. As previously mentioned this could result in the trade not being filled, or for ‘stop’ orders, a worse fill than anticipated (‘slippage’). Clients should ensure the executor is fully aware of their requirements regarding the execution of an order, and adheres to any limitations, especially if the client is not in contact with the market/member when the trigger point is reached.

It is possible for clients to ask members to place resting orders in LME Select. Where the broker has an order routing system into Select, clients will be able place orders more directly. The system accepts GTC and Good for Day (“ DAY ”) orders. DAY orders are automatically deleted from the system at close of trading.

Conclusion

The above order styles do not represent all possible methods of order execution on the LME. Members and clients should ensure that orders are communicated in meaningful terms that deliver the required execution in accordance with LME rules.

Part E - Contracts for Physical Settlement - Additional Provisions

  1. Where any contract comprises a contract for physical delivery (a “Contract”), Client acknowledges and agrees that:

1.1 Unless otherwise agreed by Morgan Stanley, Morgan Stanley will not make or take delivery of any commodities or other instruments in respect of any Contracts including but without limitation any EUA. The Client agrees that, where any open positions consist of Contracts for physical settlement, the Client shall, prior to the relevant deadline advised by Morgan Stanley to the Client from time to time (the “Morgan Stanley Cut-Off Time”), either instruct Morgan Stanley to terminate such Contracts prior to expiry or instruct Morgan Stanley to transfer such Contracts to an alternative clearing broker.

1.2 If the Client has not terminated or otherwise traded out of the relevant Contracts or provided instructions for the transfer of such Contracts as set out in paragraph 1 above prior to the Morgan Stanley Cut Off Time, Morgan Stanley shall be entitled to take such steps as it deems necessary in its sole discretion to terminate any open Contracts as of the Morgan Stanley Cut Off Time. Any loss incurred as a result of closing such Contracts shall be borne solely by the Client.

  1. If Morgan Stanley agrees to take delivery of any EUA, the Client represents and warrants on a continuous basis that each such EUA has been issued at source and are eligible for delivery on ICE at the time of settlement.

For the purposes of this paragraph 2, an EUA has been issued at source if the EUA has been issued to the Client directly by the competent authority of a member state of the European Union pursuant to such member state's National Allocation Plan.

  1. If Morgan Stanley agrees to take delivery of any EUA or any commodities or other instruments in respect of any Contract, funds sufficient to take delivery pursuant to any such Contract must be received by Morgan Stanley at such time and in accordance with such procedures as Morgan Stanley may require in connection with any such delivery. If the Client fails to comply with this obligation, Morgan Stanley may terminate any open position, make or receive delivery of any commodities or instruments, or exercise the expiration of any options, in such manner and on such terms as Morgan Stanley deems necessary or appropriate acting in its sole discretion.

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  1. For the purposes of this Part E, the following defined terms apply:

“Directive” means Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC, as amended from time to time.

“EUA” means an "allowance" as defined in the Directive that has been issued by a competent authority pursuant to Article 11(4) of the Directive.

"National Allocation Plan" means the plan for allocating allowances developed by a member state pursuant to Article 9(1) of the Directive.

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SCHEDULE III - REQUIRED TERMS FOR STOCK EXCHANGES

Where Morgan Stanley transact business for the Client on the following Exchanges, the following additional terms will apply:

1. Euronext

  • 1.1 Morgan Stanley reserves the right to monitor all orders placed directly by the Client.

  • 1.2 The Client agrees that Morgan Stanley is permitted to access and monitor the Client’s systems in respect of the Client’s use of the Electronic Services as defined in Schedule I.

  • 1.3 The Client agrees that Morgan Stanley is permitted to keep records of all relevant information relating to the Client’s use of the Electronic Services as defined in Schedule I and, together with Euronext and/or the relevant regulatory authority, perform any required checks so that Morgan Stanley is able to fulfill its responsibilities to Euronext and any relevant regulatory authority.

  • 1.4 The Client hereby agrees that Morgan Stanley may inform Euronext of each of the electronic order routing terminals made available by Morgan Stanley to the Client.

  • 1.5 Morgan Stanley is responsible to Euronext for any orders made by the Client.

2. Norex

  • 2.1 The risk which Morgan Stanley accept in relation to the Client’s use of the Electronic Services as defined in Schedule I is as set out in Schedule I. Morgan Stanley may also check that the Client has sufficient amounts in the Client’s account with Morgan Stanley to support the Client’s trading activity.

  • 2.2 Morgan Stanley may immediately suspend the Client’s access to the Electronic Services in accordance with Schedule I.

  • 2.3 Morgan Stanley may cancel trades which fail to meet Norex’s requirements concerning the quality and pricing for Orders and Trades. Norex may also cancel trades in the circumstances set out in its Rules.

  • 2.4 The Client hereby agree that the Client will not disseminate Public Market Information (as defined in the Norex Rules) obtained from Norex’s electronic trading systems.

  • 2.5 The Client hereby represents and warrants that the Client shall not place orders which, individually or together:

  • (a) are intended to improperly influence the price structure of the trading systems;

  • (b) which are devoid of commercial purpose; or

  • (c) which are intended to delay or prevent access to the trading systems by other members.

3. London Stock Exchange and Virt-X

All persons to whom the Client has made the Client’s Passwords available must undergo a training programme on the use of the Services as defined in Schedule I.

4. Euronext.LIFFE Paris

  • 4.1 Morgan Stanley shall inform the Client by e-mail, telephone or fax if an order is rejected by Morgan Stanley’s filtering process.

  • 4.2 In addition to paragraph 4(h) of Schedule I, the Client shall permit Euronext Paris SA to verify that the Client’s equipment conforms to the requirements of the rules of Euronext.LIFFE as relevant.

5. International Petroleum Exchange

Any contracts entered into between Morgan Stanley shall be subject to the rules and regulations of the International Petroleum Exchange.

6. MEFF

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  • 6.1 The Client understand that MEFF SOCIEDAD RECTORA DE PRODUCTOS FINANCIEROS DERIVADOS DE RENTA VARIABLE, S.A. / MEFF SOCIEDAD RECTORADE PRODUCTOS FINANCIEROS DERIVADOS DE RENTA FIJA, S.A. (“ MEFF ”) will act as counterparty to all Transactions taking place on this market for all orders transmitted by Morgan Stanley in accordance with the requirements of MEFF.

  • 6.2 MEFF excludes all liability for loss caused by force majeure or by suspension or disruption of the market.

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SCHEDULE IV - HONG KONG TRANSACTIONS

1. H ONG K ONG S CHEDULE

To the extent that the Client is dealing in any capacity with Morgan Stanley Asia Limited (“ MSAL ”) or Morgan Stanley Hong Kong Securities Limited (“ MSS ”), the relevant terms of this Schedule will apply. Any capitalised term used herein and not otherwise defined shall have the meaning given to it in the Agreement

This Schedule has been prepared to comply with the Hong Kong regulatory regime. The Hong Kong regulatory regime requires MSS and MSAL to make the following regulatory disclosures which apply where the client deals with MSS or MSAL. Such disclosures and agreements are contained in this Schedule.

To the extent that the provisions of this Schedule conflict with those of the Agreement, the provisions of this Schedule shall prevail. This Schedule and any non-contractual obligations relating thereto shall be governed by English law

  • 2 Introducing Broker

  • 2.1 Clients dealing with Morgan Stanley’s Hong Kong office may have been introduced to the services of MSI plc and other Morgan Stanley Companies by MSAL or, in the case of futures contracts (such as, but not limited to, futures contracts over the Hang Seng Index, 3-month HIBOR or the S&P 500 Index), by MSS , each located at 46/F International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong. Both MSAL and MSS are licensed by the Securities and Futures Commission (the “ SFC ”) in Hong Kong, MSAL (CE Reference No. AAD291) is licensed by the SFC to conduct, amongst others, the regulated activities of dealing in securities, advising on securities, advising on futures contracts, advising on corporate finance and providing automated trading services. MSS (CE Reference No. AAD401) is licensed by the SFC to conduct the regulated activities of dealing in securities and dealing in futures contracts. Please refer to the SFC website at www.sfc.hk for updated details of the licensing position. MSS is also regulated by the Stock Exchange of Hong Kong Limited (“ SEHK ”) and the Hong Kong Futures Exchange Limited (“ HKFE ”) as their respective exchange participants.

  • 2.2 The Client may continue to use us MSAL and MSS points of contact in connection with accounts with the Morgan Stanley Companies. MSAL and MSS act as the agent of other Morgan Stanley Companies to facilitate the provision of services to customers in the Asia Pacific region. When the Client trades futures contracts, our sales persons in Hong Kong act as representatives of MSS. For all other products, our sales persons in Hong Kong act as representatives of MSAL.

  • 2.3 MSAL and MSS do not operate accounts for customers. Other Morgan Stanley Companies outside Hong Kong maintain the Client’s accounts. Accordingly, the Client acknowledges that those other Morgan Stanley Companies, and not MSAL and MSS, will be responsible for executing, clearing and settling transactions and for the custody or safe-keeping of cash and investments in accordance with the terms of the relevant Customer Document. The Client acknowledges that it has no right of recourse against MSAL or MSS in respect of its transactions, cash and investments, save for matters arising from our own negligence, willful default or fraud.

  • 3 Client Identity Rule

As part of the Hong Kong Government’s measures to strengthen the order and transparency of its securities and futures markets, the SFC, The Stock Exchange of Hong Kong Limited (“ SEHK ”) and the HKFE (the “ Hong Kong Regulators ”) have enacted the Client Identity Rules (the “ Rules ”).

The Rules require Hong Kong licensed or registered persons to ascertain and record identifying details of the ultimate person(s) ( i.e. , the beneficial owner(s)) for whom a transaction is processed (except as provided below) as well as the person(s) who give(s) instructions in relation to the transaction (these details together, the “ Client Information ”). Under the Rules, as Hong Kong licensed persons, MSAL and MSS are required to provide such Client Information to the Hong Kong Regulators within two business days of their request. MSAL and MSS are expected to have a system in place whereby the required information can be provided to the Hong Kong Regulators within the required time frame. In exceptional market circumstances, the information may have to be available very shortly after the request.

MSAL and MSS understand that if a Client acts for third parties as an agent, that Client might not wish to disclose such Client Information to MSAL or MSS. The Hong Kong Regulators have recognised this and have introduced a policy whereby MSAL and MSS can comply with the Rules if you agree to provide the Client Information to the Hong Kong Regulators directly.

In accordance with the Rules, counterparties who undertake transactions through the Morgan Stanley Companies in securities or futures contracts listed or traded on one of the Hong Kong exchanges, or in derivatives of such instruments, agree to conduct transactions on the following basis:

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3.1 If the Client is not the ultimate beneficial owner of the assets which are the subject of such a transaction or if the Client effects transactions for the account of its own clients, whether on a discretionary or non-discretionary basis, and whether as agent or by entering into matching transactions as principal with your clients, the Client hereby agrees that, in relation to a transaction where MSAL or MSS have received an enquiry from the Hong Kong Regulators, the Client shall, immediately upon request by MSAL or MSS (which request shall include the relevant contact details of the Hong Kong Regulators), inform the Hong Kong Regulators of the identity, address, occupation and contact details of the client for whose account the transaction was effected and (so far as known to you) of the person with the ultimate beneficial interest in the transaction. The Client shall also inform the Hong Kong Regulators of the identity, address, occupation and contact details of any third party (if different from the client/the ultimate beneficiary) who originated the transaction.

  • 3.2 If the Client effected the transaction for a collective investment scheme, discretionary account or discretionary trust, the Client shall:

  • 3.2.1 immediately upon request by MSAL or MSS (which request shall include the relevant contact details of the Hong Kong Regulators), inform the Hong Kong Regulators of the identity, address and contact details of the scheme, account or trust; and

  • 3.2.2 as soon as practicable, inform MSAL or MSS when the Client’s discretion to invest on behalf of the scheme, account or trust has been overridden. In the case where the Client’s investment discretion has been overridden, the Client shall immediately upon request by MSAL and/or MSS (which request shall include the relevant contact details of the Hong Kong Regulators), inform the Hong Kong Regulators of the identity, address, occupation and contact details of the person(s) who has or have given the instruction in relation to the transaction.

  • 3.3 If the Client is aware that it’s client is acting as intermediary for underlying client(s), and the Client does not know the identity, address, occupation and contact details of the underlying client(s) for whom the transaction was effected, the Client confirms that:

  • 3.3.1 the Client has arrangements in place with its client which entitles the Client to obtain the information set out in paragraphs 3.1 and/or 3.2 above from its client immediately upon request, or procure that it be so obtained; and

  • 3.3.2 the Client will, upon request from MSAL and/or MSS in relation to a transaction, promptly request the information set out in paragraphs 3.1 and/or 3.2 above from the Client’s client on whose instructions that transaction was effected, and provide the information to the Hong Kong Regulators as soon as received from the Client’s client or procure that it be so provided.

  • 3.4 If the Client is in a jurisdiction with client secrecy laws, the Client confirms that it and its clients waive the benefit of the secrecy laws, in relation to any enquiry by the Hong Kong Regulators. the Client confirms that such waivers are valid and binding under the laws of such jurisdiction.

  • 3.5 The Client’s obligations under this paragraph 3 shall survive termination (howsoever caused) of any agreement the Client has with MSAL, MSS or any of the Morgan Stanley companies.

4 Privacy

The following information is provided in accordance with the requirements of the Hong Kong Personal Data (Privacy) Ordinance (the “ Ordinance ”) and only applies to living individuals.

  • 4.1 Use of Personal Data

All personal data concerning the Client’s or any Agent’s directors, officers, employees, customers, contractors, service providers and other contractual counterparties (each, a “ Data Subject ”) (whether provided by the Client or any other person) may be used by any of the following companies or persons (each, a “ User ”):

  • 4.1.1 MSAL, MSS and/or any Morgan Stanley Company;

  • 4.1.2 any director, officer or employee of a Morgan Stanley Company, but only when carrying out the business of a Morgan Stanley Company; and

  • 4.1.3 any agent, contractor, third party service provider or other person (such as lawyers, advisers, etc.) authorised by a Morgan Stanley Company, but only when carrying out the business of that Morgan Stanley Company.

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4.2 Purposes

All personal data concerning Data Subjects may be used by any User for the following purposes:

  • 4.2.1

  • new or existing client verification procedures;

  • credit and money laundering checking and fraud prevention;

  • marketing Morgan Stanley Company products and services to you, subject to any ‘opt out’ or other rights you may have under the Ordinance;

  • any other purpose relating to or in connection with the business or dealings of any Morgan Stanley Company.

  • 4.2.2 Use of the Client’s personal data may include disclosure between Morgan Stanley Companies including, without limitation, to persons providing Morgan Stanley Companies with professional or other services; to third parties such as settlement agents, overseas banks or exchange or clearing houses, intermediate brokers and sub-custodians to whom Morgan Stanley Companies disclose the Client’s personal data in the course of providing the services to the Client; to any person for audit purposes; to credit reference, fraud prevention and other similar agencies, and other financial institutions, with whom information is shared for credit and money laundering checking and fraud prevention purposes; to persons to whom Morgan Stanley Companies assign or novate rights or obligations under any agreement with the Client; and to national and international regulatory, enforcement or exchange bodies or courts anywhere in the world as required by applicable laws, regulations, court orders or at their request or other persons if required by applicable laws or regulations. These disclosures may involve overseas storage and other overseas transfer, processing and use of your personal data, and disclosure to these third parties, including in or to countries or territories which do not offer the same level of protection of personal information as is enjoyed within Hong Kong other jurisdiction applicable to the Client;

4.3 Rights of Access and Correction

Under the Ordinance, the Client has a right to request access to, and to request correction of the Client’s personal data. If the Client wishes to exercise these rights, it should address its request to MSAL Legal and Compliance Division who will then supply the Client with a personal data access form for completion and return.

5 Other Provisions

The Client agrees and acknowledges the following:

5.1 Services

The services provided by MSAL and MSS are general investment and dealing services in securities, futures, where relevant, and other investment instruments, together with related clearing and settlement and foreign exchange facilities and any other services agreed between MSAL, MSS and the Client. The functions and activities conducted by MSAL and/or MSS in relation to the above services include, but are not limited to, acting as agent for the Morgan Stanley Companies in effecting or introducing investment transactions, preparing and dispatching documentation and performing such additional activities and administrative functions as are necessary to effect the Client’s activities and transactions.

5.2 Derivative products

In relation to derivative products, MSAL or MSS will provide upon request product specifications and any prospectus or other offering document and an explanation of margin procedures and the circumstances under which positions may be closed without the Client’s permission.

5.3 Short selling

The Client will comply with Hong Kong’s restrictions on short-selling. The Client warrants (on a continuing basis) that, at the time it places an order with any Morgan Stanley Companies to sell securities at or through a Hong Kong exchange, the Client has a presently exercisable and unconditional right to vest those securities in a purchaser of them. The Client will inform Morgan Stanley if any order is a short selling order (as defined by the SFO) and will provide an assurance as to that order within such time, in such form and with such information as Morgan Stanley require.

5.4 Liability

Except to the extent permitted by applicable laws and regulations, nothing in this Schedule removes, excludes or restricts any of the Client’s rights or MSAL’s or MSS’ obligations under the laws of Hong Kong. For the avoidance of doubt, neither MSAL nor MSS is liable to the Client or anyone else for any default by any third party, including (respectively) any other Morgan Stanley Company. Any Morgan Stanley Company may do or omit to do anything which it believes is necessary or desirable to ensure compliance with any applicable law or

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regulatory requirement, guidance or request. The Client shall comply with all applicable law and regulatory requirements and requests.

5.5

  • External dispute resolution

If you have made a written complaint and have not received a response, or if you are unhappy with the proposed resolution, you may have the right to take your complaint to the Financial Dispute Resolution Centre Limited (“ FDRC ”), subject to the eligibility criteria set out in the FDRC’s Terms of Reference. FDRC is an independent complaints resolution body of which we are a member. Complaints made to FDRC by an eligible claimant are subject to a monetary limit of HK$500,000. For more information relating to FDRC, please contact:

Financial Dispute Resolution Centre Limited 15/F, Stanhope House, 734 King's Road, Quarry Bay, Hong Kong Tel: 3199 5100 Email: [email protected] Internet: www.fdrc.org.hk/en/index.html

  • 5.6 Trade capacity and execution information

Morgan Stanley companies may execute a trade with or for the Client, either as:

  • (a) principal,

  • (b) agent, or

  • (c) a combination of both agent and principal.

Where a Morgan Stanley Company agrees that a trade will be undertaken on a principal basis, Morgan Stanley may put capital at risk. With regard to trades where a guaranteed price has been agreed, each Morgan Stanley Company may realize a profit or loss on the principal transactions entered into to offset the risk of the guarantee and that gain or loss will be allocated to such Morgan Stanley Company’s account.

In order to efficiently and effectively achieve the Client’s trading objectives, unless the Client instructs otherwise, each Morgan Stanley Company may access internal sources of liquidity including, without limitation, crossing against any of the following: (i) client order flow, (ii) client facilitation or market making books, or (iii) a proprietary trading strategy. In these circumstances, such Morgan Stanley Companies may be trading as agent, principal or both agent and principal.

Morgan Stanley puts great emphasis on client order handling and endeavour to achieve the best available terms for clients in accordance with accepted client instructions. In certain circumstances, Morgan Stanley Companies may work orders alongside other client or internal orders, fairly allocating executions between orders. Wherever possible this will be discussed with the Client in advance, and where required, such Morgan Stanley Companies will obtain prior approval. Where a Morgan Stanley Company is engaged to execute client orders in international markets, such Morgan Stanley Companies may execute transactions through one or more of its foreign affiliates or through unaffiliated third parties. The foreign affiliate or unaffiliated third party may act in a principal or agency capacity. Further information regarding any charges levied by that foreign affiliate or third party will be provided upon written request.

5.6 Material Interests

Neither our prime brokerage relationship nor the services MSAL, MSS and each Morgan Stanley Company provide nor any other matter will give rise to any fiduciary or equitable duties which would prevent or hinder us or each Morgan Stanley Company, in transactions with or for the Client or in other services provided to the Client, acting as market maker/dealer or broker, principal or agent, doing business with or for you whether for our or its own account or between ourselves and/or with affiliates, connected customers, and/or other customers or investors, and generally acting as provided in this Notice.

MSAL, MSS and each Morgan Stanley Company are entitled to enter into any transaction for or with the Client or provide any service to the Client notwithstanding that any of MSAL, MSS or a Morgan Stanley Company has or may have a material interest in the transaction or any resulting transaction or a relationship which gives rise to a conflict of interest. However, in any such case we may in our absolute discretion decline to act.

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5.7 Agreement

In dealing or continuing to deal with MSAL, MSS or any Morgan Stanley company, the Client is taken to have agreed to, and undertakes on a continuing basis to comply with, the terms set out in this Schedule IV. The terms of this Schedule IV shall supplement and amend the agreement (to the extent inconsistent) and shall apply to all transactions effected through MSAL, MSS or with any Morgan Stanley Company.

5.8 Notice of Change

Morgan Stanley may rely on the accuracy and completeness of all information provided to any Morgan Stanley Company. The Client will notify Morgan Stanley from time to time of any material changes to the information provided by the Client to Morgan Stanley, including, but not limited to, investment objectives and financial situation.

6 Position Limit and Large Open Position Reporting Requirements for Options and Futures Traded on the Hong Kong Exchanges

The Hong Kong regulatory regime imposes position limit and reportable position requirements for stock options and futures contracts traded on the SEHK and on the HKFE.

These requirements are set out in the Hong Kong Securities and Futures (Contracts Limits and Reportable Positions) Rules (as amended) (the “ Hong Kong Rules ”) made by the SFC under the SFO. The Hong Kong Rules impose monitoring and reporting obligations with regard to large open positions. For the purposes of the Hong Kong Rules, a client is the person who is ultimately responsible for originating instructions the Client receives for transactions, i.e. the transaction originator.

Further guidance on the Hong Kong Rules and what they require is set out in the SFC’s Guidance Note on Position Limits and Large Open Position Reporting Requirements. Copies of the Hong Kong Rules and Guidance Note can be downloaded from the SFC’s website (www.sfc.hk).

Purpose of the Hong Kong Rules

The purpose of the Hong Kong Rules is to avoid potentially destabilizing market conditions arising from an overconcentration of futures/options positions accumulated by a single person or group of persons acting in concert, and to increase market transparency.

Some of the major requirements of the Hong Kong Rules and Guidance Note are summarised below. However, the Client should review the Hong Kong Rules and Guidance Note in their entirety, and consult with the Client’s legal counsel in order to ensure that the Client has a full understanding of the Client’s obligations in connection with trading in Hong Kong.

Please note that the Hong Kong Rules make the Client responsible for ensuring that the Client complies with the Hong Kong Rules. Section 8 of the Hong Kong Rules makes it a criminal offence not to comply with the Hong Kong Rules (subject to a maximum fine of HK$100,000 and imprisonment for up to 2 years).

In 2004, the SFC investigated 6 breaches of the Hong Kong Rules, including a breach by a non-Hong Kong fund manager which was referred to the fund manager’s overseas regulator. It should be noted that the SFC has expressly stated that it is not sympathetic to claims by overseas persons that they are not aware of the Hong Kong restrictions, and that a failure to trade within the limits or make reports reflects badly on a firm’s internal control measures (which might itself lead to disciplinary action).

Position Limits

The Hong Kong Rules say that the Client may not hold or control futures contracts or stock options contracts in excess of the prescribed limit, unless the Client has obtained the prior authorisation of the Hong Kong regulators. For example, the prescribed limit for Hang Seng Index futures and options contracts and Mini-Hang Seng Index futures and options contracts is 10,000 long or short position delta limit for all contract months combined, provided the position delta for the Mini-Hang Seng Index futures contracts or Mini-Hang Seng Index options contracts shall not at any time exceed 2,000 long or short for all contract months combined. For many futures contracts and stock options contracts, the position limit is set at 5,000 contracts for any one contract/expiry month.

The prescribed limit for each contract traded on the Hong Kong exchanges is set out in the Hong Kong Rules.

Reportable Positions

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If the Client holds or controls an open position in futures contracts or stock options contracts in excess of the specified level, the Hong Kong Rules require the Client to report that position in writing to the relevant Hong Kong exchange (i) within one day (ignoring Hong Kong public holidays and Saturdays) of first holding or controlling that position, and (ii) on each succeeding day on which the Client continues to hold or control that position.

The specified reporting level for each contract traded on the Hong Kong exchanges is set out in the Hong Kong Rules. The report must state:

  • (a) the number of contracts held or controlled in respect of the position in each relevant contract month; and

  • (b) if the position is held or controlled for a client, the identity of the client, and the number of contracts held or controlled for such person in respect of the reportable position in each relevant contract month.

Scope of the Hong Kong Rules

The Client should note:

  • (a) The prescribed limits and reportable position requirements apply to all positions held or controlled by any person, including positions in any account(s) that such person controls, whether directly or indirectly. The SFC takes the view that a person is regarded as having control of positions if, for example, the person is allowed to exercise discretion to trade or dispose of the positions independently without the day-to-day direction of the owner of the positions. (Section 4 of the Hong Kong Rules and Para. 2.6 of the Guidance Note).

  • (b) If a person holds or controls positions in accounts at more than one intermediary, the Hong Kong Rules require him to aggregate the positions for the purposes of applying the prescribed limits and reportable position requirements. (Para. 6.1 of the Guidance Note).

  • (c) The person holding or controlling a reportable position in accounts at more than one intermediary has the sole responsibility to notify the relevant exchange of the reportable position. The person may request its intermediary to submit the notice of the reportable position. If a firm agrees to submit the notice on his behalf, the person should provide to the firm its total positions held at other intermediaries so that the firm can submit the notice of the reportable position. Alternatively, the person should ask all of his intermediaries to report the positions in each of the accounts separately to the exchange, even if the positions in the individual accounts do not reach the reportable level. (Paras. 4.6 and 6.2 of the Guidance Note).

  • (d) Where the Client is holding a reportable position for the Client’s client, the Hong Kong Rules state that the Client must disclose the identity of the client. The SFC’s view is that, for the purposes of the Hong Kong Rules, a client is the person who is ultimately responsible for originating the transaction instructions - i.e., the transaction originator. (Para. 6.4 of the Guidance Note).

The Hong Kong Rules apply separately to the positions held by each of the underlying clients of an omnibus account, except where the omnibus account operator has discretion over the positions in which case the account operator must also aggregate these positions with his own positions. Positions held by different underlying clients should not be netted off for purposes of calculating and reporting reportable positions or determining compliance with the prescribed limits. (Para. 6.8 of the Guidance Note).

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HONG KONG RISK DISCLOSURE STATEMENT

This Risk Disclosure is provided in accordance with the Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission of Hong Kong.

(a) RISK OF SECURITIES TRADING

The prices of securities fluctuate, sometimes dramatically. The price of a security may move up or down, and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities.

(b) RISK OF TRADING FUTURES AND OPTIONS

The risk of loss in trading futures contracts or options is substantial. In some circumstances, you may sustain losses in excess of your initial margin funds. Placing contingent orders, such as “stop-loss” or “stop-limit” orders, will not necessarily avoid loss. Market conditions may make it impossible to execute such orders. You may be called upon at short notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, your position may be liquidated. You will remain liable for any resulting deficit in your account. You should therefore study and understand futures contracts and options before you trade and carefully consider whether such trading is suitable in the light of your own financial position and investment objectives. If you trade options you should inform yourself of exercise and expiration procedures and your rights and obligations upon exercise or expiry.

(c) RISK OF TRADING IN LEVERAGED FOREIGN EXCHANGE CONTRACTS

The risk of loss in leveraged foreign exchange trading can be substantial. You may sustain losses in excess of your initial margin funds. Placing contingent orders, such as "stop-loss" or "stop-limit" orders, will not necessarily limit losses to the intended amounts. Market conditions may make it impossible to execute such orders. You may be called upon at short notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, your position may be liquidated. You will remain liable for any resulting deficit in your account. You should therefore carefully consider whether such trading is suitable in light of your own financial position and investment objectives.

(d) RISK OF TRADING GROWTH ENTERPRISE MARKET STOCKS

Growth Enterprise Market (GEM) stocks involve a high investment risk. In particular, companies may list on GEM with neither a track record of profitability nor any obligation to forecast future profitability. GEM stocks may be very volatile and illiquid.

You should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors.

Current information on GEM stocks may only be found on the internet website operated by The Stock Exchange of Hong Kong Limited. GEM Companies are usually not required to issue paid announcements in gazetted newspapers.

You should seek independent professional advice if you are uncertain of or have not understood any aspect of this risk disclosure statement or the nature and risks involved in trading of GEM stocks.

(e) RISKS OF CLIENT ASSETS RECEIVED OR HELD OUTSIDE HONG KONG

Client assets received or held by a licensed person outside Hong Kong are subject to the applicable laws and regulations of the relevant overseas jurisdiction which may be different from the Securities and Futures Ordinance (Cap. 571) and the rules made thereunder. Consequently, such client assets may not enjoy the same protection as that conferred on client assets received or held in Hong Kong.

(f) RISK OF PROVIDING AN AUTHORITY TO REPLEDGE YOUR SECURITIES COLLATERAL ETC.

There is risk if you provide the licensed or registered person with an authority that allows it to apply your securities or securities collateral pursuant to a securities borrowing and lending agreement, repledge your securities collateral for financial accommodation or deposit your securities collateral as collateral for the discharge and satisfaction of its settlement obligations and liabilities.

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If your securities or securities collateral are received or held by the licensed or registered person in Hong Kong, the above arrangement is allowed only if you consent in writing. Moreover, unless you are a professional investor, your authority must specify the period for which it is current and be limited to not more than 12 months. If you are a professional investor, these restrictions do not apply.

Additionally, your authority may be deemed to be renewed (i.e. without your written consent) if the licensed or registered person issues you a reminder at least 14 days prior to the expiry of the authority, and you do not object to such deemed renewal before the expiry date of your then existing authority.

You are not required by any law to sign these authorities. But an authority may be required by licensed or registered persons, for example, to facilitate margin lending to you or to allow your securities or securities collateral to be lent to or deposited as collateral with third parties. The licensed or registered person should explain to you the purposes for which one of these authorities is to be used.

If you sign one of these authorities and your securities or securities collateral are lent to or deposited with third parties, those third parties will have a lien or charge on your securities or securities collateral. Although the licensed or registered person is responsible to you for securities or securities collateral lent or deposited under your authority, a default by it could result in the loss of your securities or securities collateral.

A cash account not involving securities borrowing and lending is available from most licensed or registered persons. If you do not require margin facilities or do not wish your securities or securities collateral to be lent or pledged, do not sign the above authorities and ask to open this type of cash account.

  • (g) RISK OF PROVIDING AN AUTHORITY TO HOLD MAIL OR TO DIRECT MAIL TO THIRD PARTIES

If you provide a licensed person with an authority to hold mail or to direct mail to third parties, it is important for you to promptly collect in person all contract notes and statements of your account and review them in detail to ensure that any anomalies or mistakes can be detected in a timely fashion.

(h) RISK OF MARGIN TRADING

The risk of loss in financing a transaction by deposit of collateral is significant. You may sustain losses in excess of your cash and any other assets deposited as collateral with the licensed or registered person. Market conditions may make it impossible to execute contingent orders, such as "stop-loss" or "stop-limit" orders. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated without your consent. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. You should therefore carefully consider whether such a financing arrangement is suitable in light of your own financial position and investment objectives.

  • (i) RISK OF TRADING NASDAQ-AMEX SECURITIES AT THE STOCK EXCHANGE OF HONG KONG LIMITED

The securities under the Nasdaq-Amex Pilot Program (PP) are aimed at sophisticated investors. You should consult your dealer and become familiarised with the PP before trading in the PP securities. You should be aware that the PP securities are not regulated as a primary or secondary listing on the Main Board or the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited.

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SCHEDULE V – CASH PAYMENTS AND SECURITIES TRANSFERS AUTHORISATION

DATED [DATE]

Morgan Stanley & Co. International plc International Prime Brokerage 25 Cabot Square Canary Wharf London E14 4QA

Re: [Fund name] (the “ Client ”)

This Cash Payments and Securities Transfers Authorisation (“ CPSTA ”) is notification from the Client to MSI plc pursuant to Section G.7 of the International Prime Brokerage Agreement entered into between the parties (the “ Agreement ”). Any capitalised term used herein and not otherwise defined shall have the meaning given to it in the Agreement.

The Client hereby authorises MSI plc to accept and act on Cash Payments Instructions and Securities Transfers Instructions in accordance with Section G of the Agreement, using one or more facilities mentioned below.

Cash Payments Instructions and Securities Transfers Instructions

The Client hereby authorizes the personnel designated herein as Authorised Persons to provide Cash Payments Instructions and/or Securities Transfers Instructions (as the case may be) on behalf of the Client pursuant to the Agreement.

The Client further authorizes the Designated Persons specified herein to enter into any agreement on behalf of the Client in connection with this CPSTA (including any agreement to amend or terminate or replace this CPSTA in whole or in part).

Application

This Cash Payments and Securities Transfers Authorisation shall benefit MSI plc and MSI plc’s successors and assigns and shall replace any existing Cash Payments or Cash Payments and Securities Transfers Authorisation(s). This Cash Payments and Securities Transfers Authorisation shall become effective from the time MSI plc acknowledges the terms of such form by returning a copy executed by it to the Client or its Agent.

Designated Persons (optional)

(in the event that the client does not complete this section, only authorized signatories for the Client will be able to amend the CPSTA from time to time)

[Any one person] / [Any two persons acting together] specified below as Designated Persons [is]/[are] authorised on behalf of the Client to agree in writing (including by fax or e-mail (with pdf attachment) or post) with MSI plc any amendment to the terms of any, Cash Payments and Securities Transfers Authorisation (including, without limitation, a revised list of persons who are to be “Designated Persons” for the purpose of this paragraph, a revised list of the persons who are to be “Authorised Persons” for the purpose of Section I and/or Section IV, subject in each case to MSI plc agreeing the relevant revision or agreeing to provide the requested functionality, if applicable).

MSI plc is entitled without further enquiry to act upon any instruction or notice or request from a Designated Person on behalf of the Client.

Designated Persons:

Name: Signature:
Name: Signature:

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Name: Signature:

Any proposed amendment to the terms of the CPSTA shall be subject to the provisions hereof (including but not limited to the section titled “ Amendment of the CPSTA ”)

Instructions from an Administrator/Service Provider of the Client

Where the Client wishes to authorise the Client’s administrator or third party service provider (an “ Administrator ”) as an Authorised Person, the Client shall complete the relevant section(s)for each of the methods for effecting Cash Payments Instructions and/or Securities Transfers Instructions of their choice accordingly, and follow the appropriate instructions in each such section. References to the Client herein shall include the Designated Person(s) acting on behalf of the Client.

Persons authorized to add, delete and categorise Mandatory Delivery Instructions (mandatory) (defined as the details of accounts held with third parties to which transfers can be effected on behalf of the Client, hereafter referred to as “ MDIs ”)

The Client confirms that [Any one person] / [Any two persons acting together] specified below [is]/[are] authorised to instruct Morgan Stanley in writing (including by fax or e-mail (with pdf attachment) or post) to add, delete and categorise MDIs that apply to the payment and transfer methods permitted under Section I and Section IV of this Cash Payments and Securities Transfers Authorisation

Name: Signature:
Name: Signature:
Name: Signature:
Name: Signature:

The Client acknowledges and agrees that in the event that the Client has specified details of an Administrator to instruct Cash Payments and/or Securities Transfers Instructions under Section I and/or Section IV, the Administrator may from time to time add, amend and/or delete MDIs.

Amendment of the CPSTA

The Client may amend or supplement the CPSTA by completing a CPSTA amendment form provided by Morgan Stanley upon request (or using such other form as may be accepted by MSI plc from time to time), and sending such form to the Client’s account representative at Morgan Stanley. Any such amendment or supplement shall become effective from the time MSI plc acknowledges the terms of such form by returning a copy executed by it to the Client or its Agent.

References to the Client herein shall include the Designated Person(s) acting on behalf of the Client.

Regardless of the method of instruction, until MSI plc acknowledges receipt of written notice from or on behalf of the Client in accordance with the foregoing provisions hereof in relation to amendment of this CPSTA, MSI plc is entitled to assume that any Authorised Person has full and unrestricted power to give Cash Payments Instructions or Securities Transfers Instructions on the Client’s behalf.

Termination

This Cash Payments and Securities Transfers Authorisation may be terminated by:

  • (a) written notice of termination from the Client, whereupon this authorization shall terminate at close of business on the fifth business day following actual receipt of such notice from the Client by MSI plc;

  • (b) agreement in writing between MSI plc and the required number of Designated Persons on such date as may be agreed in writing between MSI plc and the Designated Person(s).

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Termination of this Cash Payments and Securities Transfers Authorisation shall not prejudice or otherwise affect any right, obligation or liability of any party arising from any Cash Payments or Securities Transfers Instructions prior to such termination.

Miscellaneous

The authorisations herein are in addition to (and in no way limit or restrict) any rights which any Morgan Stanley Entity may have under any agreement with the Client.

This Cash Payments and Securities Transfers Authorisation and any non-contractual obligations arising out of or in relation to it shall be governed by, and construed in accordance with, English law. MSI plc and the Client each hereby submit to the exclusive jurisdiction of the courts of England in respect of any suit, action or proceeding.

72

SECTION I – ONLINE CASH INSTRUCTIONS (CASH ENTRY)

For Cash Payments Instructions only

Complete this section to use Online Cash Instructions, hereafter referred to as “ Cash Entry”

Instructions from the Client’s Authorised Persons in accordance with paragraph G.7.3 of the Agreement.

Each online Cash Payments Instruction in respect of a Prime Brokerage Account must be input and approved as follows

Access Levels Description of access supported
View Only Individual may only view allcashwires
Import Individual mayimport/upload a wirefile
Entry Only Individual may usethe Cash Entryfunction to entercashwires
Authorise Only Individual may authorise cashwires;no entry permitted
EnterandAuthoriseRestricted Individual may enterand authorise any cashwire except those entered by themselves
EnterandAuthorise Individual may enterand authorise any cashwires
Authorised Persons:First and
Last Name or Client Link id		 e-mail address Access Level: Authorisation Group
Membership (optional):If
Authorisation Groups are
defined, list the Group or Groups
to which each Authoriser will
belong. NOTE: An authoriser
may belong to more than one
Group, but may only authorise
once.
[Name of Administrator]*

The Client requests each Cash Payments Instruction to be approved by the following number of Authorised Persons:

1 2 3 4 5 (circle number)

* in the event that the Client has appointed the Administrator to instruct Cash Payments Instructions under this Section I, the Client must insert the full legal name of the Administrator.

In the event that the full legal name of an Administrator has been inserted in this Section I, the Client acknowledges and agrees that a list of Authorised Persons and any limits or approval requirements (including without limitation the number of Authorised Persons or additional payment rules) will be separately provided by the Administrator, and that such list, limits and approval requirements may be amended by the Administrator from time to time .

73

Additional Payment Rule Definitions (Optional):

PAYMENT CONDITIONS PAYMENT CONDITIONS PAYMENT CONDITIONS PAYMENT CONDITIONS APPROVAL LOGIC APPROVAL LOGIC APPROVAL LOGIC APPROVAL LOGIC APPROVAL LOGIC
Rule: Threshold Cash
Limit*:
(e.g. 1,000,000).		 Threshold
Currency:
The currency in
which the limit is to
be applied (e.g. USD,
EUR)
NOTE: This limit will
be applied to all
currencies using the
equivalent in
Currency stated.		 MDI Category:
NOTE: If left
blank, the rule
will apply to all
payment
instructions..		 Authorisation
Group 1:		 Number
of Online
Approver
s
Required
:		 Sequence Logic:
And, Or, Followed By
NOTE: By selecting
Followed By, users
within Authorisation
Group 2 will not be able
to view the payment until
approved by
Authorisation Group 1.		 Authorisatio
n Group 2:		 Number of
Online
Approvers
Required:
e.g. 1 1,000,000 USD 3rd Party A 1 And B 1
[if Threshold Cash Limit and MDI Category do not apply, insert “All
Payments” here]

* Authorisers may be optionally arranged to create a Threshold Cash Limit. This can be helpful if the Client wishes to further control authorisations based on cash limits (e.g. User A within the Authorisation Group A will be able to authorise USD wires over $1,000,000 while User B within the Authorisation Group B will be able to authorise cash wires below $1,000,000, with $1,000,000 USD being the currency limit).

74

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SECTION II - SWIFT CASH PAYMENTS INSTRUCTIONS

For Cash Payments Instructions only Optional - complete this section to use SWIFT

Instructions using SWIFT in accordance with paragraph G.7.4 of the Agreement

The Client hereby authorises MSI plc to treat any entity with access to the Bank Identifier Code(s) specified below (each a “ BIC ”) as an Authorised Person with authority to issue Cash Payments Instructions in accordance with paragraph G.7.4 of the Agreement.

Bank Identifier Code*:

  • Incorporate BIC (and in the event that the Client’s Administrator has been appointed by the Client to perform this function, insert the Administrator’s BIC) or specify “Not Applicable”

SECTION III – FILE TRANSFER PROTOCOL (“FTP”)

For Cash Payments Instructions only Optional - complete this section to use FTP

The Client hereby authorises any persons with authority to access and use the PGP encryption key(s)* provided by the Client to MSI plc from time to time (each a “PGP”) as its agent and attorney-in-fact to issue cash payments instructions with respect to the Client’s Prime Brokerage Account under the Agreement utilizing any of the FTP cash payments instruction methods specified below which MSI plc has agreed may be utilized by the Client. The Client authorises MSI plc to accept and act on cash payments instructions received from the PGP, and may accept newly authorised PGPs from persons who Morgan Stanley reasonably believes to be an authorised signatory of the Client. The Client agrees that FTP messages may not include the name of its personnel and that MSI plc may treat any message from the PGP as a genuine instruction of the Client’s authorised personnel. The Client further agrees that MSI plc shall not be responsible for any alterations or deletions to instructions received from the PGP(s) or any delays, faulty encryption or decryption, or nondelivery of instructions from the PGP(s), as well as any associated loss of market opportunity.

Authorisation Methods

Authorisation via Interactive Cash Entry

Auto-Authorisation: Straight through processing with no further authorisation required

* in the event that the Client has appointed the Administrator to instruct Cash Payments Instructions by FTP, the Client must provide the Administrator’s PGP encryption key

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SECTION IV - WRITTEN CASH PAYMENTS AND SECURITIES TRANSFERS INSTRUCTIONS

For Cash Payments Instructions and Securities Transfers Instructions Required - please complete this section

For enhanced security the Client is required to instruct Cash Payments Instructions using Cash Entry, FTP and/or SWIFT. However, as a backup, MSI plc may agree to accept Cash Payments Instructions and Securities Transfers Instructions in writing. The Client hereby authorises the persons specified below as Authorised Persons to issue Cash Payments Instructions or Securities Transfers Instructions in writing (including by fax or e-mail (with pdf attachment) or post) in accordance with paragraph G.7.2 of the Agreement.

Authorised Persons

Name: Title: Signature: Authorised to
instruct Cash
Payments:
Yes, No		 Authorised to
instruct Securities
Transfers:
Yes, No
[Name of Administrator
*]

Written Cash Payments Instructions or Securities Transfer Instructions must be signed by the following number of Authorised Persons:

1 2 3 4 5 (circle number)

in the event that the Client has appointed the Administrator to instruct Cash Payments and Securities Transfers Instructions under this Section IV, the Client must insert the full legal name of the Administrator. In the event that the full legal name of an Administrator has been inserted in this Section IV, the Client acknowledges and agrees that_ _a list of Authorised Persons and any limits or approval requirements (including the number of Authorised Persons) may be separately provided by the Administrator and that such list, limits and approval requirements may be amended by the Administrator from time to time* .

The Client specified in the signature block below agrees to the terms of this Cash Payments and Securities Transfers Authorisation.

Clients signature(s)

[Fund Name]

Authorised signatory/signatories

Acknowledged by Morgan Stanley & Co. International plc

Signature:

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CLIENT SIGNATURE

The Client hereby agrees to the terms of this Agreement and has executed the Agreement as a deed. The Client’s signature will constitute an authority for Morgan Stanley to date this Agreement following its signature and to deliver this Agreement on behalf of the Client.

Please note, the required number of persons authorised to sign this Agreement as a deed on behalf of the Client must sign below and all information must be completed before returning this Agreement

[name of client]

Signed as a Deed and delivered on behalf of the Client by persons who in accordance with the laws of the territory set out below are acting under the authority of the Client

Signature: ........................................................... ................................................................ Name ( print name ): ........................................................... ................................................................ Title: ........................................................... ................................................................ For and on behalf of (Legal Entity Name): [name of client] Registered Under the Laws of: Registered Address:

Telephone: Facsimile:

In the Presence of: Name and address of Witness: .............................................................. .............................................................. .............................................................. .............................................................. .............................................................. .............................................................. Signature of Witness: .............................................................. ..............................................................

Details for Notices:

Telephone: Facsimile:

Page 78

M ORGAN S TANLEY S IGNATURE

Signed by Morgan Stanley & Co. International plc. for itself and as agent for the other Morgan Stanley Companies listed below:

Signature: ………………………………………………………………………… Name ( print name) : ………………………………………………………………………… Title: ………………………………………………………………………… Details for Notices: Address 25 Cabot Square, Canary Wharf, London E14 4QA Tel No: +44 (0) 207 425 8000 Fax No: +44 (0) 207 425 3985 Attention: International Prime Brokerage – Head of Client Services

The Morgan Stanley Companies

Morgan Stanley & Co. LLC Morgan Stanley Capital Group Inc. Morgan Stanley Asia (Singapore) Securities Pte Ltd Morgan Stanley Bank AG Morgan Stanley Securities Limited Morgan Stanley Capital Services LLC Morstan Nominees Limited Morgan Stanley Asia Limited MS Equity Finance Services I (Cayman) Ltd. Morgan Stanley Bank N.A. Morgan Stanley Australia Securities Limited Morgan Stanley MUFG Securities Co., Ltd Morgan Stanley Hong Kong Securities Limited Morgan Stanley Bank International Limited and such other entities within the Morgan Stanley group of companies with which the Client transacts or which provide execution or similar services to the Client or provide custodial services in respect of the Client’s Investments.

Annexure E

VERSION: JANUARY 2010

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GLOBAL MASTER SECURITIES LENDING AGREEMENT

==> picture [287 x 26] intentionally omitted <==

CONTENTS

CLAUSE CLAUSE PAGE
1. APPLICABILITY 3
2. INTERPRETATION 3
3. LOANS OF SECURITIES 8
4. DELIVERY 8
5. COLLATERAL 9
6. DISTRIBUTIONS AND CORPORATE ACTIONS 12
7. RATES APPLICABLE TO LOANED SECURITIES AND CASH COLLATERAL 14
8. DELIVERY OF EQUIVALENT SECURITIES 14
9. FAILURE TO DELIVER 16
10. EVENTS OF DEFAULT 16
11. CONSEQUENCES OF AN EVENT OF DEFAULT 17
12. TAXES 21
13. LENDER’S WARRANTIES 22
14. BORROWER’S WARRANTIES 23
15. INTEREST ON OUTSTANDING PAYMENTS 23
16. TERMINATION OF THIS AGREEMENT 23
17. SINGLE AGREEMENT 23
18. SEVERANCE 24
19. SPECIFIC PERFORMANCE 24
20. NOTICES 24
21. ASSIGNMENT 24
22. NON-WAIVER 24
23. GOVERNING LAW AND JURISDICTION 25
24. TIME 25
25. RECORDING 25
26. WAIVER OF IMMUNITY 25
27. MISCELLANEOUS 25
SCHEDULE 29
AGENCY ANNEX 34
2014 UK TAX ADDENDUM 37

Page 2

AGREEMENT

Dated As Of [To be specified at execution]

Between:

MORGAN STANLEY & CO. INTERNATIONAL PLC (Party A) a company incorporated under the laws of England and Wales acting through one or more Designated Offices; and

TEST PARTY TEST PARTY TEST PARTY (Party B) a company incorporated under the laws of Cayman Islands acting through one or more Designated Offices.

1. APPLICABILITY

  • 1.1 From time to time the Parties acting through one or more Designated Offices may enter into transactions in which one party (Lender) will transfer to the other (Borrower) securities and financial instruments (Securities) against the transfer of Collateral (as defined in paragraph 2) with a simultaneous agreement by Borrower to transfer to Lender Securities equivalent to such Securities on a fixed date or on demand against the transfer to Borrower by Lender of assets equivalent to such Collateral.

  • 1.2 Each such transaction shall be referred to in this Agreement as a Loan and shall be governed by the terms of this Agreement, including the supplemental terms and conditions contained in the Schedule and any Addenda or Annexes attached hereto, unless otherwise agreed in writing. In the event of any inconsistency between the provisions of an Addendum or Annex and this Agreement, the provisions of such Addendum or Annex shall prevail unless the Parties otherwise agree.

  • 1.3 Either Party may perform its obligations under this Agreement either directly or through a Nominee.

2. INTERPRETATION

  • 2.1 In this Agreement:

Act of Insolvency means in relation to either Party:

  • (a) its making a general assignment for the benefit of, or entering into a reorganisation, arrangement, or composition with creditors; or

  • (b) its stating in writing that it is unable to pay its debts as they become due; or

  • (c) its seeking, consenting to or acquiescing in the appointment of any trustee, administrator, receiver or liquidator or analogous officer of it or any material part of its property; or

  • (d) the presentation or filing of a petition in respect of it (other than by the other Party to this Agreement in respect of any obligation under this Agreement) in any court or before any agency alleging or for the bankruptcy, winding-up or insolvency of such Party (or any analogous proceeding) or seeking any reorganisation, arrangement, composition, re-adjustment, administration, liquidation, dissolution or similar relief under any present or future statute, law or regulation, such petition not having been

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stayed or dismissed within 30 days of its filing (except in the case of a petition for winding-up or any analogous proceeding in respect of which no such 30 day period shall apply); or

  • (e) the appointment of a receiver, administrator, liquidator or trustee or analogous officer of such Party over all or any material part of such Party’s property; or

  • (f) the convening of any meeting of its creditors for the purpose of considering a voluntary arrangement as referred to in Section 3 of the Insolvency Act 1986 (or any analogous proceeding);

Agency Annex means the Annex to this Agreement published by the International Securities Lending Association and providing for Lender to act as agent for a third party in respect of one or more Loans;

Alternative Collateral means Collateral having a Market Value equal to the Collateral delivered pursuant to paragraph 5 and provided by way of substitution in accordance with the provisions of paragraph 5.3;

Applicable Law means the laws, rules and regulations (including double taxation conventions) of any relevant jurisdiction, including published practice of any government or other taxing authority in connection with such laws, rules and regulations;

Automatic Early Termination has the meaning given in paragraph 10.1(d);

Base Currency means the currency indicated in paragraph 2 of the Schedule;

Business Day means:

  • (a) in relation to Delivery in respect of any Loan, a day other than a Saturday or a Sunday on which banks and securities markets are open for business generally in the place(s) where the relevant Securities, Equivalent Securities, Collateral or Equivalent Collateral are to be delivered;

  • (b) in relation to any payments under this Agreement, a day other than a Saturday or a Sunday on which banks are open for business generally in the principal financial centre of the country of which the currency in which the payment is denominated is the official currency and, if different, in the place where any account designated by the Parties for the making or receipt of the payment is situated (or, in the case of a payment in euro, a day on which TARGET operates);

  • (c) in relation to a notice or other communication served under this Agreement, any day other than a Saturday or a Sunday on which banks are open for business generally in the place designated for delivery in accordance with paragraph 3 of the Schedule; and

  • (d) in any other case, a day other than a Saturday or a Sunday on which banks are open for business generally in each place stated in paragraph 6 of the Schedule;

Buy-In means any arrangement under which, in the event of a seller or transferor failing to deliver securities to the buyer or transferee, the buyer or transferee of such securities is entitled under the terms of such arrangement to buy or otherwise acquire securities equivalent to such securities and to recover the cost of so doing from the seller or transferor;

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Cash Collateral means Collateral taking the form of a transfer of currency;

Close of Business means the time at which the relevant banks, securities settlement systems or depositaries close in the business centre in which payment is to be made or Securities or Collateral is to be delivered;

Collateral means such securities or financial instruments or transfers of currency as are referred to in the table set out under paragraph 1 of the Schedule as being acceptable or any combination thereof as agreed between the Parties in relation to any particular Loan and which are delivered by Borrower to Lender in accordance with this Agreement and shall include Alternative Collateral;

Defaulting Party has the meaning given in paragraph 10;

Delivery in relation to any Securities or Collateral or Equivalent Securities or Equivalent Collateral comprising Securities means:

  • (a) in the case of Securities held by a Nominee or within a clearing or settlement system, the crediting of such Securities to an account of the Borrower or Lender, as the case may be, or as it shall direct, or,

  • (b) in the case of Securities otherwise held, the delivery to Borrower or Lender, as the case may be, or as the transferee shall direct of the relevant instruments of transfer, or

  • (c) by such other means as may be agreed,

  • and deliver shall be construed accordingly;

Designated Office means the branch or office of a Party which is specified as such in paragraph 6 of the Schedule or such other branch or office as may be agreed to in writing by the Parties;

Equivalent or equivalent to in relation to any Loaned Securities or Collateral (whether Cash Collateral or Non-Cash Collateral) provided under this Agreement means Securities or other property, of an identical type, nominal value, description and amount to particular Loaned Securities or Collateral (as the case may be) so provided. If and to the extent that such Loaned Securities or Collateral (as the case may be) consists of Securities that are partly paid or have been converted, subdivided, consolidated, made the subject of a takeover, rights of preemption, rights to receive securities or a certificate which may at a future date be exchanged for Securities, the expression shall include such Securities or other assets to which Lender or Borrower (as the case may be) is entitled following the occurrence of the relevant event, and, if appropriate, the giving of the relevant notice in accordance with paragraph 6.7 and provided that Lender or Borrower (as the case may be) has paid to the other Party all and any sums due in respect thereof. In the event that such Loaned Securities or Collateral (as the case may be) have been redeemed, are partly paid, are the subject of a capitalisation issue or are subject to an event similar to any of the foregoing events described in this paragraph, the expression shall have the following meanings:

  • (a) in the case of redemption, a sum of money equivalent to the proceeds of the redemption;

  • (b) in the case of a call on partly-paid Securities, Securities equivalent to the relevant Loaned Securities or Collateral, as the case may be, provided that Lender shall have

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paid Borrower, in respect of Loaned Securities, and Borrower shall have paid to Lender, in respect of Collateral, an amount of money equal to the sum due in respect of the call;

  • (c) in the case of a capitalisation issue, Securities equivalent to the relevant Loaned Securities or Collateral, as the case may be, together with the securities allotted by way of bonus thereon;

  • (d) in the case of any event similar to any of the foregoing events described in this paragraph, Securities equivalent to the Loaned Securities or the relevant Collateral, as the case may be, together with or replaced by a sum of money or Securities or other property equivalent to that received in respect of such Loaned Securities or Collateral, as the case may be, resulting from such event;

Income means any interest, dividends or other distributions of any kind whatsoever with respect to any Securities or Collateral;

Income Record Date , with respect to any Securities or Collateral, means the date by reference to which holders of such Securities or Collateral are identified as being entitled to payment of Income;

Letter of Credit means an irrevocable, non-negotiable letter of credit in a form, and from a bank, acceptable to Lender;

Loaned Securities means Securities which are the subject of an outstanding Loan;

Margin has the meaning specified in paragraph 1 of the Schedule with reference to the table set out therein;

Market Value means:

  • (a) in relation to the valuation of Securities, Equivalent Securities, Collateral or Equivalent Collateral (other than Cash Collateral or a Letter of Credit):

  • (i) such price as is equal to the market quotation for the mid price of such Securities, Equivalent Securities, Collateral and/or Equivalent Collateral as derived from a reputable pricing information service reasonably chosen in good faith by Lender; or

  • (ii) if unavailable the market value thereof as derived from the mid price or rate bid by a reputable dealer for the relevant instrument reasonably chosen in good faith by Lender,

in each case at Close of Business on the previous Business Day, or as specified in the Schedule, unless agreed otherwise or, at the option of either Party where in its reasonable opinion there has been an exceptional movement in the price of the asset in question since such time, the latest available price, plus (in each case):

  • (iii) the aggregate amount of Income which has accrued but not yet been paid in respect of the Securities, Equivalent Securities, Collateral or Equivalent Collateral concerned to the extent not included in such price,

provided that the price of Securities, Equivalent Securities, Collateral or Equivalent Collateral that are suspended or that cannot legally be transferred or that are

Page 6

transferred or required to be transferred to a government, trustee or third party (whether by reason of nationalisation, expropriation or otherwise) shall for all purposes be a commercially reasonable price agreed between the Parties, or absent agreement, be a price provided by a third party dealer agreed between the Parties, or if the Parties do not agree a third party dealer then a price based on quotations provided by the Reference Dealers. If more than three quotations are provided, the Market Value will be the arithmetic mean of the prices, without regard to the quotations having the highest and lowest prices. If three quotations are provided, the Market Value will be the quotation remaining after disregarding the highest and lowest quotations. For this purpose, if more than one quotation has the same highest or lowest price, then one of such quotations shall be disregarded. If fewer than three quotations are provided, the Market Value of the relevant Securities, Equivalent Securities, Collateral or Equivalent Collateral shall be determined by the Party making the determination of Market Value acting reasonably;

  • (b) in relation to a Letter of Credit the face or stated amount of such Letter of Credit; and

  • (c) in relation to Cash Collateral the amount of the currency concerned;

Nominee means a nominee or agent appointed by either Party to accept delivery of, hold or deliver Securities, Equivalent Securities, Collateral and/or Equivalent Collateral or to receive or make payments on its behalf;

Non-Cash Collateral means Collateral other than Cash Collateral;

Non-Defaulting Party has the meaning given in paragraph 10;

Notification Time means the time specified in paragraph 1.5 of the Schedule;

Parties means Lender and Borrower and Party shall be construed accordingly;

Posted Collateral has the meaning given in paragraph 5.4;

Reference Dealers means, in relation to any Securities, Equivalent Securities, Collateral or Equivalent Collateral, four leading dealers in the relevant securities selected by the Party making the determination of Market Value in good faith;

Required Collateral Value has the meaning given in paragraph 5.4;

Sales Tax means value added tax and any other Tax of a similar nature (including, without limitation, any sales tax of any relevant jurisdiction);

Settlement Date means the date upon which Securities are due to be transferred to Borrower in accordance with this Agreement;

Stamp Tax means any stamp, transfer, registration, documentation or similar Tax; and

Tax means any present or future tax, levy, impost, duty, charge, assessment or fee of any nature (including interest, penalties and additions thereto) imposed by any government or other taxing authority in respect of any transaction effected pursuant to or contemplated by, or any payment under or in respect of, this Agreement.

2.2 Headings

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All headings appear for convenience only and shall not affect the interpretation of this Agreement.

2.3 Market terminology

Notwithstanding the use of expressions such as “borrow”, “lend”, “Collateral”, “Margin” etc. which are used to reflect terminology used in the market for transactions of the kind provided for in this Agreement, title to Securities “borrowed” or “lent” and “Collateral” provided in accordance with this Agreement shall pass from one Party to another as provided for in this Agreement, the Party obtaining such title being obliged to deliver Equivalent Securities or Equivalent Collateral as the case may be.

2.4 Currency conversions

Subject to paragraph 11, for the purposes of determining any prices, sums or values (including Market Value and Required Collateral Value) prices, sums or values stated in currencies other than the Base Currency shall be converted into the Base Currency at the latest available spot rate of exchange quoted by a bank selected by Lender (or if an Event of Default has occurred in relation to Lender, by Borrower) in the London inter-bank market for the purchase of the Base Currency with the currency concerned on the day on which the calculation is to be made or, if that day is not a Business Day, the spot rate of exchange quoted at Close of Business on the immediately preceding Business Day on which such a quotation was available.

  • 2.5 The Parties confirm that introduction of and/or substitution (in place of an existing currency) of a new currency as the lawful currency of a country shall not have the effect of altering, or discharging, or excusing performance under, any term of the Agreement or any Loan thereunder, nor give a Party the right unilaterally to alter or terminate the Agreement or any Loan thereunder. Securities will for the purposes of this Agreement be regarded as equivalent to other securities notwithstanding that as a result of such introduction and/or substitution those securities have been redenominated into the new currency or the nominal value of the securities has changed in connection with such redenomination.

2.6 Modifications etc. to legislation

Any reference in this Agreement to an act, regulation or other legislation shall include a reference to any statutory modification or re-enactment thereof for the time being in force.

3. LOANS OF SECURITIES

Lender will lend Securities to Borrower, and Borrower will borrow Securities from Lender in accordance with the terms and conditions of this Agreement. The terms of each Loan shall be agreed prior to the commencement of the relevant Loan either orally or in writing (including any agreed form of electronic communication) and confirmed in such form and on such basis as shall be agreed between the Parties. Unless otherwise agreed, any confirmation produced by a Party shall not supersede or prevail over the prior oral, written or electronic communication (as the case may be).

4. DELIVERY

  • 4.1 Delivery of Securities on commencement of Loan

Lender shall procure the Delivery of Securities to Borrower or deliver such Securities in accordance with this Agreement and the terms of the relevant Loan.

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4.2 Requirements to effect Delivery

The Parties shall execute and deliver all necessary documents and give all necessary instructions to procure that all right, title and interest in:

  • (a) any Securities borrowed pursuant to paragraph 3;

  • (b) any Equivalent Securities delivered pursuant to paragraph 8;

  • (c) any Collateral delivered pursuant to paragraph 5;

  • (d) any Equivalent Collateral delivered pursuant to paragraphs 5 or 8;

shall pass from one Party to the other subject to the terms and conditions set out in this Agreement, on delivery of the same in accordance with this Agreement with full title guarantee, free from all liens, charges and encumbrances. In the case of Securities, Collateral, Equivalent Securities or Equivalent Collateral title to which is registered in a computer-based system which provides for the recording and transfer of title to the same by way of book entries, delivery and transfer of title shall take place in accordance with the rules and procedures of such system as in force from time to time. The Party acquiring such right, title and interest shall have no obligation to return or deliver any of the assets so acquired but, in so far as any Securities are borrowed by or any Collateral is delivered to such Party, such Party shall be obliged, subject to the terms of this Agreement, to deliver Equivalent Securities or Equivalent Collateral as appropriate.

4.3 Deliveries to be simultaneous unless otherwise agreed

Where under the terms of this Agreement a Party is not obliged to make a Delivery unless simultaneously a Delivery is made to it, subject to and without prejudice to its rights under paragraph 8.6, such Party may from time to time in accordance with market practice and in recognition of the practical difficulties in arranging simultaneous delivery of Securities, Collateral and cash transfers, waive its right under this Agreement in respect of simultaneous delivery and/or payment provided that no such waiver (whether by course of conduct or otherwise) in respect of one transaction shall bind it in respect of any other transaction.

4.4 Deliveries of Income

In respect of Income being paid in relation to any Loaned Securities or Collateral, Borrower (in the case of Income being paid in respect of Loaned Securities) and Lender (in the case of Income being paid in respect of Collateral) shall provide to the other Party, as the case may be, any endorsements or assignments as shall be customary and appropriate to effect, in accordance with paragraph 6, the payment or delivery of money or property in respect of such Income to Lender, irrespective of whether Borrower received such endorsements or assignments in respect of any Loaned Securities, or to Borrower, irrespective of whether Lender received such endorsements or assignments in respect of any Collateral.

5. COLLATERAL

5.1 Delivery of Collateral on commencement of Loan

Subject to the other provisions of this paragraph 5, Borrower undertakes to deliver to or deposit with Lender (or in accordance with Lender’s instructions) Collateral simultaneously with Delivery of the Securities to which the Loan relates and in any event no later than Close of Business on the Settlement Date.

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5.2 Deliveries through securities settlement systems generating automatic payments

Unless otherwise agreed between the Parties, where any Securities, Equivalent Securities, Collateral or Equivalent Collateral (in the form of securities) are transferred through a book entry transfer or settlement system which automatically generates a payment or delivery, or obligation to pay or deliver, against the transfer of such securities, then:

  • (a) such automatically generated payment, delivery or obligation shall be treated as a payment or delivery by the transferee to the transferor, and except to the extent that it is applied to discharge an obligation of the transferee to effect payment or delivery, such payment or delivery, or obligation to pay or deliver, shall be deemed to be a transfer of Collateral or delivery of Equivalent Collateral, as the case may be, made by the transferee until such time as the Collateral or Equivalent Collateral is substituted with other Collateral or Equivalent Collateral if an obligation to deliver other Collateral or deliver Equivalent Collateral existed immediately prior to the transfer of Securities, Equivalent Securities, Collateral or Equivalent Collateral; and

  • (b) the Party receiving such substituted Collateral or Equivalent Collateral, or if no obligation to deliver other Collateral or redeliver Equivalent Collateral existed immediately prior to the transfer of Securities, Equivalent Securities, Collateral or Equivalent Collateral, the Party receiving the deemed transfer of Collateral or Delivery of Equivalent Collateral, as the case may be, shall cause to be made to the other Party for value the same day either, where such transfer is a payment, an irrevocable payment in the amount of such transfer or, where such transfer is a Delivery, an irrevocable Delivery of securities (or other property, as the case may be) equivalent to such property.

5.3 Substitutions of Collateral

Borrower may from time to time call for the repayment of Cash Collateral or the Delivery of Collateral equivalent to any Collateral delivered to Lender prior to the date on which the same would otherwise have been repayable or deliverable provided that at or prior to the time of such repayment or Delivery Borrower shall have delivered Alternative Collateral acceptable to Lender and Borrower is in compliance with paragraph 5.4 or paragraph 5.5, as applicable.

5.4 Marking to Market of Collateral during the currency of a Loan on aggregated basis

Unless paragraph 1.3 of the Schedule indicates that paragraph 5.5 shall apply in lieu of this paragraph 5.4, or unless otherwise agreed between the Parties:

  • (a) the aggregate Market Value of the Collateral delivered to or deposited with Lender (excluding any Equivalent Collateral repaid or delivered under paragraphs 5.4(b) or 5.5(b) (as the case may be)) ( Posted Collateral ) in respect of all Loans outstanding under this Agreement shall equal the aggregate of the Market Value of Securities equivalent to the Loaned Securities and the applicable Margin (the Required Collateral Value ) in respect of such Loans;

  • (b) if at any time on any Business Day the aggregate Market Value of the Posted Collateral in respect of all Loans outstanding under this Agreement together with: (i) all amounts due and payable by the Lender under this Agreement but which are unpaid; and (ii) if agreed between the parties and if the Income Record Date has occurred in respect of any Non-Cash Collateral, the amount or Market Value of Income payable in respect of such Non-Cash Collateral exceeds the aggregate of the

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Required Collateral Values in respect of such Loans together with: (i) all amounts due and payable by the Borrower under this Agreement but which are unpaid; and (ii) if agreed between the parties and if the Income Record Date has occurred in respect of any securities equivalent to Loaned Securities, the amount or Market Value of Income payable in respect of such Equivalent Securities, Lender shall (on demand) repay and/or deliver, as the case may be, to Borrower such Equivalent Collateral as will eliminate the excess;

  • (c) if at any time on any Business Day the aggregate Market Value of the Posted Collateral in respect of all Loans outstanding under this Agreement together with: (i) all amounts due and payable by the Lender under this Agreement but which are unpaid; and (ii) if agreed between the parties and if the Income Record Date has occurred in respect of any Non-Cash Collateral, the amount or Market Value of Income payable in respect of such Non-Cash Collateral falls below the aggregate of Required Collateral Values in respect of all such Loans together with: (i) all amounts due and payable by the Borrower under this Agreement but which are unpaid; and (ii) if agreed between the parties and if the Income Record Date has occurred in respect of Securities equivalent to any Loaned Securities, the amount or Market Value of Income payable in respect of such Equivalent Securities, Borrower shall (on demand) provide such further Collateral to Lender as will eliminate the deficiency;

  • (d) where a Party acts as both Lender and Borrower under this Agreement, the provisions of paragraphs 5.4(b) and 5.4(c) shall apply separately (and without duplication) in respect of Loans entered into by that Party as Lender and Loans entered into by that Party as Borrower.

5.5 Marking to Market of Collateral during the currency of a Loan on a Loan by Loan basis

If paragraph 1.3 of the Schedule indicates this paragraph 5.5 shall apply in lieu of paragraph 5.4, the Posted Collateral in respect of any Loan shall bear from day to day and at any time the same proportion to the Market Value of Securities equivalent to the Loaned Securities as the Posted Collateral bore at the commencement of such Loan. Accordingly:

  • (a) the Market Value of the Posted Collateral to be delivered or deposited while the Loan continues shall be equal to the Required Collateral Value;

  • (b) if at any time on any Business Day the Market Value of the Posted Collateral in respect of any Loan together with: (i) all amounts due and payable by the Lender in respect of that Loan but which are unpaid; and (ii) if agreed between the parties and if the Income Record Date has occurred in respect of any Non-Cash Collateral, the amount or Market Value of Income payable in respect of such Non-Cash Collateral exceeds the Required Collateral Value in respect of such Loan together with: (i) all amounts due and payable by the Borrower in respect of that Loan; and (ii) if agreed between the parties and if the Income Record Date has occurred in respect of Securities equivalent to any Loaned Securities, the amount or Market Value of Income payable in respect of such Equivalent Securities, Lender shall (on demand) repay and/or deliver, as the case may be, to Borrower such Equivalent Collateral as will eliminate the excess; and

  • (c) if at any time on any Business Day the Market Value of the Posted Collateral together with: (i) all amounts due any payable by the Lender in respect of that Loan; and (ii) if agreed between the parties and if the Income Record Date has occurred in respect of any Non-Cash Collateral, the amount or Market Value of Income payable in respect

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of such Non-Cash Collateral falls below the Required Collateral Value together with: (i) all amounts due and payable by the Borrower in respect of that Loan; and (ii) if agreed between the parties and if the Income Record Date has occurred in respect of Securities equivalent to any Loaned Securities, the amount or Market Value of Income payable in respect of such Equivalent Securities, Borrower shall (on demand) provide such further Collateral to Lender as will eliminate the deficiency.

5.6 Requirements to deliver excess Collateral

Where paragraph 5.4 applies, unless paragraph 1.4 of the Schedule indicates that this paragraph 5.6 does not apply, if a Party (the first Party ) would, but for this paragraph 5.6, be required under paragraph 5.4 to provide further Collateral or deliver Equivalent Collateral in circumstances where the other Party (the second Party ) would, but for this paragraph 5.6, also be required to or provide Collateral or deliver Equivalent Collateral under paragraph 5.4, then the Market Value of the Collateral or Equivalent Collateral deliverable by the first Party ( X ) shall be set off against the Market Value of the Collateral or Equivalent Collateral deliverable by the second Party ( Y ) and the only obligation of the Parties under paragraph 5.4 shall be, where X exceeds Y, an obligation of the first Party, or where Y exceeds X, an obligation of the second Party to repay and/or (as the case may be) deliver Equivalent Collateral or to deliver further Collateral having a Market Value equal to the difference between X and Y.

  • 5.7 Where Equivalent Collateral is repaid or delivered (as the case may be) or further Collateral is provided by a Party under paragraph 5.6, the Parties shall agree to which Loan or Loans such repayment, delivery or further provision is to be attributed and failing agreement it shall be attributed, as determined by the Party making such repayment, delivery or further provision to the earliest outstanding Loan and, in the case of a repayment or delivery up to the point at which the Market Value of Collateral in respect of such Loan equals the Required Collateral Value in respect of such Loan, and then to the next earliest outstanding Loan up to the similar point and so on.

5.8 Timing of repayments of excess Collateral or deliveries of further Collateral

Where any Equivalent Collateral falls to be repaid or delivered (as the case may be) or further Collateral is to be provided under this paragraph 5, unless otherwise provided or agreed between the Parties, if the relevant demand is received by the Notification Time specified in paragraph 1.5 of the Schedule, then the delivery shall be made not later than the Close of Business on the same Business Day; if a demand is received after the Notification Time, then the relevant delivery shall be made not later than the Close of Business on the next Business Day after the date such demand is received.

5.9 Substitutions and extensions of Letters of Credit

Where Collateral is a Letter of Credit, Lender may by notice to Borrower require that Borrower, on the third Business Day following the date of delivery of such notice (or by such other time as the Parties may agree), substitute Collateral consisting of cash or other Collateral acceptable to Lender for the Letter of Credit. Prior to the expiration of any Letter of Credit supporting Borrower’s obligations hereunder, Borrower shall, no later than 10.30 a.m. UK time on the second Business Day prior to the date such Letter of Credit expires (or by such other time as the Parties may agree), obtain an extension of the expiration of such Letter of Credit or replace such Letter of Credit by providing Lender with a substitute Letter of Credit in an amount at least equal to the amount of the Letter of Credit for which it is substituted.

6. DISTRIBUTIONS AND CORPORATE ACTIONS

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  • 6.1 In this paragraph 6, references to an amount of Income received by any Party in respect of any Loaned Securities or Non-Cash Collateral shall be to an amount received from the issuer after any applicable withholding or deduction for or on account of Tax.

6.2 Manufactured payments in respect of Loaned Securities

Where the term of a Loan extends over an Income Record Date in respect of any Loaned Securities, Borrower shall, on the date such Income is paid by the issuer, or on such other date as the Parties may from time to time agree, pay or deliver to Lender such sum of money or property as is agreed between the Parties or, failing such agreement, a sum of money or property equivalent to (and in the same currency as) the type and amount of such Income that would be received by Lender in respect of such Loaned Securities assuming such Securities were not loaned to Borrower and were retained by Lender on the Income Record Date.

6.3 Manufactured payments in respect of Non-Cash Collateral

Where Non-Cash Collateral is delivered by Borrower to Lender and an Income Record Date in respect of such Non-Cash Collateral occurs before Equivalent Collateral is delivered by Lender to Borrower, Lender shall on the date such Income is paid, or on such other date as the Parties may from time to time agree, pay or deliver to Borrower a sum of money or property as is agreed between the Parties or, failing such agreement, a sum of money or property equivalent to (and in the same currency as) the type and amount of such Income that would be received by Lender in respect of such Non-Cash Collateral assuming Lender:

  • (a) retained the Non-Cash Collateral on the Income Record Date; and

  • (b) is not entitled to any credit, benefit or other relief in respect of Tax under any Applicable Law.

  • 6.4 Indemnity for failure to redeliver Equivalent Non-Cash Collateral

Unless paragraph 1.6 of the Schedule indicates that this paragraph does not apply, where:

  • (a) prior to any Income Record Date in relation to Non-Cash Collateral, Borrower has in accordance with paragraph 5.3 called for the Delivery of Equivalent Non-Cash Collateral;

  • (b) Borrower has given notice of such call to Lender so as to be effective, at the latest, five hours before the Close of Business on the last Business Day on which Lender would customarily be required to initiate settlement of the Non-Cash Collateral to enable settlement to take place on the Business Day immediately preceding the relevant Income Record Date;

  • (c) Borrower has provided reasonable details to Lender of the Non-Cash Collateral, the relevant Income Record Date and the proposed Alternative Collateral;

  • (d) Lender, acting reasonably, has determined that such Alternative Collateral is acceptable to it and Borrower shall have delivered or delivers such Alternative Collateral to Lender; and

  • (e) Lender has failed to make reasonable efforts to transfer Equivalent Non-Cash Collateral to Borrower prior to such Income Record Date,

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Lender shall indemnify Borrower in respect of any cost, loss or damage (excluding any indirect or consequential loss or damage or any amount otherwise compensated by Lender, including pursuant to paragraphs 6.3 and/or 9.3) suffered by Borrower that it would not have suffered had the relevant Equivalent Non-Cash Collateral been transferred to Borrower prior to such Income Record Date.

6.5 Income in the form of Securities

Where Income, in the form of securities, is paid in relation to any Loaned Securities or Collateral, such securities shall be added to such Loaned Securities or Collateral (and shall constitute Loaned Securities or Collateral, as the case may be, and be part of the relevant Loan) and will not be delivered to Lender, in the case of Loaned Securities, or to Borrower, in the case of Collateral, until the end of the relevant Loan, provided that the Lender or Borrower (as the case may be) fulfils its obligations under paragraph 5.4 or 5.5 (as applicable) with respect to the additional Loaned Securities or Collateral, as the case may be.

6.6 Exercise of voting rights

Where any voting rights fall to be exercised in relation to any Loaned Securities or Collateral, neither Borrower, in the case of Equivalent Securities, nor Lender, in the case of Equivalent Collateral, shall have any obligation to arrange for voting rights of that kind to be exercised in accordance with the instructions of the other Party in relation to the Securities borrowed by it or transferred to it by way of Collateral, as the case may be, unless otherwise agreed between the Parties.

6.7 Corporate actions

Where, in respect of any Loaned Securities or any Collateral, any rights relating to conversion, sub-division, consolidation, pre-emption, rights arising under a takeover offer, rights to receive securities or a certificate which may at a future date be exchanged for securities or other rights, including those requiring election by the holder for the time being of such Securities or Collateral, become exercisable prior to the delivery of Equivalent Securities or Equivalent Collateral, then Lender or Borrower, as the case may be, may, within a reasonable time before the latest time for the exercise of the right or option give written notice to the other Party that on delivery of Equivalent Securities or Equivalent Collateral, as the case may be, it wishes to receive Equivalent Securities or Equivalent Collateral in such form as will arise if the right is exercised or, in the case of a right which may be exercised in more than one manner, is exercised as is specified in such written notice.

7. RATES APPLICABLE TO LOANED SECURITIES AND CASH COLLATERAL

7.1 Rates in respect of Loaned Securities

In respect of each Loan, Borrower shall pay to Lender, in the manner prescribed in subparagraph 7.3, sums calculated by applying such rate as shall be agreed between the Parties from time to time to the daily Market Value of the Loaned Securities.

7.2 Rates in respect of Cash Collateral

Where Cash Collateral is deposited with Lender in respect of any Loan, Lender shall pay to Borrower, in the manner prescribed in paragraph 7.3, sums calculated by applying such rates as shall be agreed between the Parties from time to time to the amount of such Cash

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Collateral. Any such payment due to Borrower may be set-off against any payment due to Lender pursuant to paragraph 7.1.

7.3

Payment of rates

In respect of each Loan, the payments referred to in paragraph 7.1 and 7.2 shall accrue daily in respect of the period commencing on and inclusive of the Settlement Date and terminating on and exclusive of the Business Day upon which Equivalent Securities are delivered or Cash Collateral is repaid. Unless otherwise agreed, the sums so accruing in respect of each calendar month shall be paid in arrears by the relevant Party not later than the Business Day which is the tenth Business Day after the last Business Day of the calendar month to which such payments relate or such other date as the Parties shall from time to time agree.

8. DELIVERY OF EQUIVALENT SECURITIES

8.1 Lender’s right to terminate a Loan

Subject to paragraph 11 and the terms of the relevant Loan, Lender shall be entitled to terminate a Loan and to call for the delivery of all or any Equivalent Securities at any time by giving notice on any Business Day of not less than the standard settlement time for such Equivalent Securities on the exchange or in the clearing organisation through which the Loaned Securities were originally delivered. Borrower shall deliver such Equivalent Securities not later than the expiry of such notice in accordance with Lender’s instructions.

8.2 Borrower’s right to terminate a Loan

Subject to the terms of the relevant Loan, Borrower shall be entitled at any time to terminate a Loan and to deliver all and any Equivalent Securities due and outstanding to Lender in accordance with Lender’s instructions and Lender shall accept such delivery.

8.3 Delivery of Equivalent Securities on termination of a Loan

Borrower shall procure the Delivery of Equivalent Securities to Lender or deliver Equivalent Securities in accordance with this Agreement and the terms of the relevant Loan on termination of the Loan. For the avoidance of doubt any reference in this Agreement or in any other agreement or communication between the Parties (howsoever expressed) to an obligation to deliver or account for or act in relation to Loaned Securities shall accordingly be construed as a reference to an obligation to deliver or account for or act in relation to Equivalent Securities.

8.4 Delivery of Equivalent Collateral on termination of a Loan

On the date and time that Equivalent Securities are required to be delivered by Borrower on the termination of a Loan, Lender shall simultaneously (subject to paragraph 5.4 if applicable) repay to Borrower any Cash Collateral or, as the case may be, deliver Collateral equivalent to the Collateral provided by Borrower pursuant to paragraph 5 in respect of such Loan. For the avoidance of doubt any reference in this Agreement or in any other agreement or communication between the Parties (however expressed) to an obligation to deliver or account for or act in relation to Collateral shall accordingly be construed as a reference to an obligation to deliver or account for or act in relation to Equivalent Collateral.

  • 8.5 Delivery of Letters of Credit

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Where a Letter of Credit is provided by way of Collateral, the obligation to deliver Equivalent Collateral is satisfied by Lender delivering for cancellation the Letter of Credit so provided, or where the Letter of Credit is provided in respect of more than one Loan, by Lender consenting to a reduction in the value of the Letter of Credit.

8.6 Delivery obligations to be reciprocal

Neither Party shall be obliged to make delivery (or make a payment as the case may be) to the other unless it is satisfied that the other Party will make such delivery (or make an appropriate payment as the case may be) to it. If it is not so satisfied (whether because an Event of Default has occurred in respect of the other Party or otherwise) it shall notify the other Party and unless that other Party has made arrangements which are sufficient to assure full delivery (or the appropriate payment as the case may be) to the notifying Party, the notifying Party shall (provided it is itself in a position, and willing, to perform its own obligations) be entitled to withhold delivery (or payment, as the case may be) to the other Party until such arrangements to assure full delivery (or the appropriate payment as the case may be) are made.

9. FAILURE TO DELIVER

  • 9.1 Borrower’s failure to deliver Equivalent Securities

If Borrower fails to deliver Equivalent Securities in accordance with paragraph 8.3 Lender may:

  • (a) elect to continue the Loan (which, for the avoidance of doubt, shall continue to be taken into account for the purposes of paragraph 5.4 or 5.5 as applicable); or

  • (b) at any time while such failure continues, by written notice to Borrower declare that that Loan (but only that Loan) shall be terminated immediately in accordance with paragraph 11.2 as if (i) an Event of Default had occurred in relation to the Borrower, (ii) references to the Termination Date were to the date on which notice was given under this sub-paragraph, and (iii) the Loan were the only Loan outstanding. For the avoidance of doubt, any such failure shall not constitute an Event of Default (including under paragraph 10.1(i)) unless the Parties otherwise agree.

  • 9.2 Lender’s failure to deliver Equivalent Collateral

If Lender fails to deliver Equivalent Collateral comprising Non-Cash Collateral in accordance with paragraph 8.4 or 8.5, Borrower may:

  • (a) elect to continue the Loan (which, for the avoidance of doubt, shall continue to be taken into account for the purposes of paragraph 5.4 or 5.5 as applicable); or

  • (b) at any time while such failure continues, by written notice to Lender declare that that Loan (but only that Loan) shall be terminated immediately in accordance with paragraph 11.2 as if (i) an Event of Default had occurred in relation to the Lender, (ii) references to the Termination Date were to the date on which notice was given under this sub-paragraph, and (iii) the Loan were the only Loan outstanding. For the avoidance of doubt, any such failure shall not constitute an Event of Default (including under paragraph 10.1(i)) unless the Parties otherwise agree.

  • 9.3 Failure by either Party to deliver

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Where a Party (the Transferor ) fails to deliver Equivalent Securities or Equivalent Collateral by the time required under this Agreement or within such other period as may be agreed between the Transferor and the other Party (the Transferee ) and the Transferee:

  • (a) incurs interest, overdraft or similar costs and expenses; or

  • (b) incurs costs and expenses as a direct result of a Buy-in exercised against it by a third party,

then the Transferor agrees to pay within one Business Day of a demand from the Transferee and hold harmless the Transferee with respect to all reasonable costs and expenses listed in sub-paragraphs (a) and (b) above properly incurred which arise directly from such failure other than (i) such costs and expenses which arise from the negligence or wilful default of the Transferee and (ii) any indirect or consequential losses.

10. EVENTS OF DEFAULT

  • 10.1 Each of the following events occurring and continuing in relation to either Party (the Defaulting Party , the other Party being the Non-Defaulting Party ) shall be an Event of Default but only (subject to sub-paragraph 10.1(d)) where the Non-Defaulting Party serves written notice on the Defaulting Party:

  • (a) Borrower or Lender failing to pay or repay Cash Collateral or to deliver Collateral on commencement of the Loan under paragraph 5.1 or to deliver further Collateral under paragraph 5.4 or 5.5;

  • (b) Lender or Borrower failing to comply with its obligations under paragraph 6.2 or 6.3 upon the due date and not remedying such failure within three Business Days after the Non-Defaulting Party serves written notice requiring it to remedy such failure;

  • (c) Lender or Borrower failing to pay any sum due under paragraph 9.1(b), 9.2(b) or 9.3 upon the due date;

  • (d) an Act of Insolvency occurring with respect to Lender or Borrower, provided that, where the Parties have specified in paragraph 5 of the Schedule that Automatic Early Termination shall apply, an Act of Insolvency which is the presentation of a petition for winding up or any analogous proceeding or the appointment of a liquidator or analogous officer of the Defaulting Party shall not require the Non-Defaulting Party to serve written notice on the Defaulting Party ( Automatic Early Termination );

  • (e) any warranty made by Lender or Borrower in paragraph 13 or paragraphs 14(a) to 14(d) being incorrect or untrue in any material respect when made or repeated or deemed to have been made or repeated;

  • (f) Lender or Borrower admitting to the other that it is unable to, or it intends not to, perform any of its obligations under this Agreement and/or in respect of any Loan where such failure to perform would with the service of notice or lapse of time constitute an Event of Default;

  • (g) all or any material part of the assets of Lender or Borrower being transferred or ordered to be transferred to a trustee (or a person exercising similar functions) by a regulatory authority pursuant to any legislation;

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  • (h) Lender (if applicable) or Borrower being declared in default or being suspended or expelled from membership of or participation in, any securities exchange or suspended or prohibited from dealing in securities by any regulatory authority, in each case on the grounds that it has failed to meet any requirements relating to financial resources or credit rating; or

  • (i) Lender or Borrower failing to perform any other of its obligations under this Agreement and not remedying such failure within 30 days after the Non-Defaulting Party serves written notice requiring it to remedy such failure.

  • 10.2 Each Party shall notify the other (in writing) if an Event of Default or an event which, with the passage of time and/or upon the serving of a written notice as referred to above, would be an Event of Default, occurs in relation to it.

  • 10.3 The provisions of this Agreement constitute a complete statement of the remedies available to each Party in respect of any Event of Default.

  • 10.4 Subject to paragraphs 9 and 11, neither Party may claim any sum by way of consequential loss or damage in the event of failure by the other Party to perform any of its obligations under this Agreement.

11. CONSEQUENCES OF AN EVENT OF DEFAULT

  • 11.1 If an Event of Default occurs in relation to either Party then paragraphs 11.2 to 11.7 below shall apply.

  • 11.2 The Parties’ delivery and payment obligations (and any other obligations they have under this Agreement) shall be accelerated so as to require performance thereof at the time such Event of Default occurs (the date of which shall be the Termination Date ) so that performance of such delivery and payment obligations shall be effected only in accordance with the following provisions.

  • (a) The Default Market Value of the Equivalent Securities and Equivalent Non-Cash Collateral to be delivered and the amount of any Cash Collateral (including sums accrued) to be repaid and any other cash (including interest accrued) to be paid by each Party shall be established by the Non-Defaulting Party in accordance with paragraph 11.4 and deemed as at the Termination Date.

  • (b) On the basis of the sums so established, an account shall be taken (as at the Termination Date) of what is due from each Party to the other under this Agreement (on the basis that each Party’s claim against the other in respect of delivery of Equivalent Securities or Equivalent Non-Cash Collateral equal to the Default Market Value thereof) and the sums due from one Party shall be set off against the sums due from the other and only the balance of the account shall be payable (by the Party having the claim valued at the lower amount pursuant to the foregoing) and such balance shall be payable on the next following Business Day after such account has been taken and such sums have been set off in accordance with this paragraph. For the purposes of this calculation, any sum not denominated in the Base Currency shall be converted into the Base Currency at the spot rate prevailing at such dates and times determined by the Non-Defaulting Party acting reasonably.

  • (c) If the balance under sub-paragraph (b) above is payable by the Non-Defaulting Party and the Non-Defaulting Party had delivered to the Defaulting Party a Letter of Credit,

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the Defaulting Party shall draw on the Letter of Credit to the extent of the balance due and shall subsequently deliver for cancellation the Letter of Credit so provided.

  • (d) If the balance under sub-paragraph (b) above is payable by the Defaulting Party and the Defaulting Party had delivered to the Non-Defaulting Party a Letter of Credit, the Non-Defaulting Party shall draw on the Letter of Credit to the extent of the balance due and shall subsequently deliver for cancellation the Letter of Credit so provided.

  • (e) In all other circumstances, where a Letter of Credit has been provided to a Party, such Party shall deliver for cancellation the Letter of Credit so provided.

  • 11.3 For the purposes of this Agreement, the Default Market Value of any Equivalent Collateral in the form of a Letter of Credit shall be zero and of any Equivalent Securities or any other Equivalent Non-Cash Collateral shall be determined in accordance with paragraphs 11.4 to 11.6 below, and for this purpose:

  • (a) the Appropriate Market means, in relation to securities of any description, the market which is the most appropriate market for securities of that description, as determined by the Non-Defaulting Party;

  • (b) the Default Valuation Time means, in relation to an Event of Default, the close of business in the Appropriate Market on the fifth dealing day after the day on which that Event of Default occurs or, where that Event of Default is the occurrence of an Act of Insolvency in respect of which under paragraph 10.1(d) no notice is required from the Non-Defaulting Party in order for such event to constitute an Event of Default, the close of business on the fifth dealing day after the day on which the NonDefaulting Party first became aware of the occurrence of such Event of Default;

  • (c) Deliverable Securities means Equivalent Securities or Equivalent Non-Cash Collateral to be delivered by the Defaulting Party;

  • (d) Net Value means at any time, in relation to any Deliverable Securities or Receivable Securities, the amount which, in the reasonable opinion of the Non-Defaulting Party, represents their fair market value, having regard to such pricing sources and methods (which may include, without limitation, available prices for securities with similar maturities, terms and credit characteristics as the relevant Equivalent Securities or Equivalent Collateral) as the Non-Defaulting Party considers appropriate, less, in the case of Receivable Securities, or plus, in the case of Deliverable Securities, all Transaction Costs incurred or reasonably anticipated in connection with the purchase or sale of such securities;

  • (e) Receivable Securities means Equivalent Securities or Equivalent Non-Cash Collateral to be delivered to the Defaulting Party; and

  • (f) Transaction Costs in relation to any transaction contemplated in paragraph 11.4 or 11.5 means the reasonable costs, commissions (including internal commissions), fees and expenses (including any mark-up or mark-down or premium paid for guaranteed delivery) incurred or reasonably anticipated in connection with the purchase of Deliverable Securities or sale of Receivable Securities, calculated on the assumption that the aggregate thereof is the least that could reasonably be expected to be paid in order to carry out the transaction.

  • 11.4 If between the Termination Date and the Default Valuation Time:

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  • (a) the Non-Defaulting Party has sold, in the case of Receivable Securities, or purchased, in the case of Deliverable Securities, securities which form part of the same issue and are of an identical type and description as those Equivalent Securities or that Equivalent Collateral, (and regardless as to whether or not such sales or purchases have settled) the Non-Defaulting Party may elect to treat as the Default Market Value:

  • (i) in the case of Receivable Securities, the net proceeds of such sale after deducting all Transaction Costs; provided that, where the securities sold are not identical in amount to the Equivalent Securities or Equivalent Collateral, the Non-Defaulting Party may, acting in good faith, either (A) elect to treat such net proceeds of sale divided by the amount of securities sold and multiplied by the amount of the Equivalent Securities or Equivalent Collateral as the Default Market Value or (B) elect to treat such net proceeds of sale of the Equivalent Securities or Equivalent Collateral actually sold as the Default Market Value of that proportion of the Equivalent Securities or Equivalent Collateral, and, in the case of (B), the Default Market Value of the balance of the Equivalent Securities or Equivalent Collateral shall be determined separately in accordance with the provisions of this paragraph 11.4; or

  • (ii) in the case of Deliverable Securities, the aggregate cost of such purchase, including all Transaction Costs; provided that, where the securities purchased are not identical in amount to the Equivalent Securities or Equivalent Collateral, the Non-Defaulting Party may, acting in good faith, either (A) elect to treat such aggregate cost divided by the amount of securities purchased and multiplied by the amount of the Equivalent Securities or Equivalent Collateral as the Default Market Value or (B) elect to treat the aggregate cost of purchasing the Equivalent Securities or Equivalent Collateral actually purchased as the Default Market Value of that proportion of the Equivalent Securities or Equivalent Collateral, and, in the case of (B), the Default Market Value of the balance of the Equivalent Securities or Equivalent Collateral shall be determined separately in accordance with the provisions of this paragraph 11.4;

  • (b) the Non-Defaulting Party has received, in the case of Deliverable Securities, offer quotations or, in the case of Receivable Securities, bid quotations in respect of securities of the relevant description from two or more market makers or regular dealers in the Appropriate Market in a commercially reasonable size (as determined by the Non-Defaulting Party) the Non-Defaulting Party may elect to treat as the Default Market Value of the relevant Equivalent Securities or Equivalent Collateral:

  • (i) the price quoted (or where more than one price is so quoted, the arithmetic mean of the prices so quoted) by each of them for, in the case of Deliverable Securities, the sale by the relevant market marker or dealer of such securities or, in the case of Receivable Securities, the purchase by the relevant market maker or dealer of such securities, provided that such price or prices quoted may be adjusted in a commercially reasonable manner by the NonDefaulting Party to reflect accrued but unpaid coupons not reflected in the price or prices quoted in respect of such Securities;

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  • (ii) after deducting, in the case of Receivable Securities or adding in the case of Deliverable Securities the Transaction Costs which would be incurred or reasonably anticipated in connection with such transaction.

  • 11.5 If, acting in good faith, either (A) the Non-Defaulting Party has endeavoured but been unable to sell or purchase securities in accordance with paragraph 11.4(a) above or to obtain quotations in accordance with paragraph 11.4(b) above (or both) or (B) the Non-Defaulting Party has determined that it would not be commercially reasonable to sell or purchase securities at the prices bid or offered or to obtain such quotations, or that it would not be commercially reasonable to use any quotations which it has obtained under paragraph 11.4(b) above the Non-Defaulting Party may determine the Net Value of the relevant Equivalent Securities or Equivalent Collateral (which shall be specified) and the Non-Defaulting Party may elect to treat such Net Value as the Default Market Value of the relevant Equivalent Securities or Equivalent Collateral.

  • 11.6 To the extent that the Non-Defaulting Party has not determined the Default Market Value in accordance with paragraph 11.4, the Default Market Value of the relevant Equivalent Securities or Equivalent Collateral shall be an amount equal to their Net Value at the Default Valuation Time; provided that, if at the Default Valuation Time the Non-Defaulting Party reasonably determines that, owing to circumstances affecting the market in the Equivalent Securities or Equivalent Collateral in question, it is not reasonably practicable for the NonDefaulting Party to determine a Net Value of such Equivalent Securities or Equivalent Collateral which is commercially reasonable (by reason of lack of tradable prices or otherwise), the Default Market Value of such Equivalent Securities or Equivalent Collateral shall be an amount equal to their Net Value as determined by the Non-Defaulting Party as soon as reasonably practicable after the Default Valuation Time.

Other costs, expenses and interest payable in consequence of an Event of Default

  • 11.7 The Defaulting Party shall be liable to the Non-Defaulting Party for the amount of all reasonable legal and other professional expenses incurred by the Non-Defaulting Party in connection with or as a consequence of an Event of Default, together with interest thereon at such rate as is agreed by the Parties and specified in paragraph 10 of the Schedule or, failing such agreement, the overnight London Inter Bank Offered Rate as quoted on a reputable financial information service ( LIBOR ) as at 11.00 a.m., London time, on the date on which it is to be determined or, in the case of an expense attributable to a particular transaction and, where the Parties have previously agreed a rate of interest for the transaction, that rate of interest if it is greater than LIBOR. Interest will accrue daily on a compound basis.

Set-off

  • 11.8 Any amount payable to one Party (the Payee ) by the other Party (the Payer ) under paragraph 11.2(b) may, at the option of the Non-Defaulting Party, be reduced by its set-off against any amount payable (whether at such time or in the future or upon the occurrence of a contingency) by the Payee to the Payer (irrespective of the currency, place of payment or booking office of the obligation) under any other agreement between the Payee and the Payer or instrument or undertaking issued or executed by one Party to, or in favour of, the other Party. If an obligation is unascertained, the Non-Defaulting Party may in good faith estimate that obligation and set off in respect of the estimate, subject to accounting to the other Party when the obligation is ascertained. Nothing in this paragraph shall be effective to create a charge or other security interest. This paragraph shall be without prejudice and in addition to

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any right of set-off, combination of accounts, lien or other right to which any Party is at any time otherwise entitled (whether by operation of law, contract or otherwise).

12. TAXES

Withholding, gross-up and provision of information

  • 12.1 All payments under this Agreement shall be made without any deduction or withholding for or on account of any Tax unless such deduction or withholding is required by any Applicable Law.

  • 12.2 Except as otherwise agreed, if the paying Party is so required to deduct or withhold, then that Party ( Payer ) shall:

  • (a) promptly notify the other Party ( Recipient ) of such requirement;

  • (b) pay or otherwise account for the full amount required to be deducted or withheld to the relevant authority;

  • (c) upon written demand of Recipient, forward to Recipient documentation reasonably acceptable to Recipient, evidencing such payment to such authorities; and

  • (d) other than in respect of any payment made by Lender to Borrower under paragraph 6.3, pay to Recipient, in addition to the payment to which Recipient is otherwise entitled under this Agreement, such additional amount as is necessary to ensure that the amount actually received by Recipient (after taking account of such withholding or deduction) will equal the amount Recipient would have received had no such deduction or withholding been required; provided Payer will not be required to pay any additional amount to Recipient under this sub-paragraph (d) to the extent it would not be required to be paid but for the failure by Recipient to comply with or perform any obligation under paragraph 12.3.

  • 12.3 Each Party agrees that it will upon written demand of the other Party deliver to such other Party (or to any government or other taxing authority as such other Party directs), any form or document and provide such other cooperation or assistance as may (in either case) reasonably be required in order to allow such other Party to make a payment under this Agreement without any deduction or withholding for or on account of any Tax or with such deduction or withholding at a reduced rate (so long as the completion, execution or submission of such form or document, or the provision of such cooperation or assistance, would not materially prejudice the legal or commercial position of the Party in receipt of such demand). Any such form or document shall be accurate and completed in a manner reasonably satisfactory to such other Party and shall be executed and delivered with any reasonably required certification by such date as is agreed between the Parties or, failing such agreement, as soon as reasonably practicable.

Stamp Tax

  • 12.4 Unless otherwise agreed, Borrower hereby undertakes promptly to pay and account for any Stamp Tax chargeable in connection with any transaction effected pursuant to or contemplated by this Agreement (other than any Stamp Tax that would not be chargeable but for Lender’s failure to comply with its obligations under this Agreement).

  • 12.5 Borrower shall indemnify and keep indemnified Lender against any liability arising as a result of Borrower’s failure to comply with its obligations under paragraph 12.4.

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Sales Tax

  • 12.6 All sums payable by one Party to another under this Agreement are exclusive of any Sales Tax chargeable on any supply to which such sums relate and an amount equal to such Sales Tax shall in each case be paid by the Party making such payment on receipt of an appropriate Sales Tax invoice.

Retrospective changes in law

  • 12.7 Unless otherwise agreed, amounts payable by one Party to another under this Agreement shall be determined by reference to Applicable Law as at the date of the relevant payment and no adjustment shall be made to amounts paid under this Agreement as a result of:

  • (a) any retrospective change in Applicable Law which is announced or enacted after the date of the relevant payment; or

  • (b) any decision of a court of competent jurisdiction which is made after the date of the relevant payment (other than where such decision results from an action taken with respect to this Agreement or amounts paid or payable under this Agreement).

13. LENDER’S WARRANTIES

Each Party hereby warrants and undertakes to the other on a continuing basis to the intent that such warranties shall survive the completion of any transaction contemplated herein that, where acting as a Lender:

  • (a) it is duly authorised and empowered to perform its duties and obligations under this Agreement;

  • (b) it is not restricted under the terms of its constitution or in any other manner from lending Securities in accordance with this Agreement or from otherwise performing its obligations hereunder;

  • (c) it is absolutely entitled to pass full legal and beneficial ownership of all Securities provided by it hereunder to Borrower free from all liens, charges and encumbrances; and

  • (d) it is acting as principal in respect of this Agreement, other than in respect of an Agency Loan.

14. BORROWER’S WARRANTIES

Each Party hereby warrants and undertakes to the other on a continuing basis to the intent that such warranties shall survive the completion of any transaction contemplated herein that, where acting as a Borrower:

  • (a) it has all necessary licences and approvals, and is duly authorised and empowered, to perform its duties and obligations under this Agreement and will do nothing prejudicial to the continuation of such authorisation, licences or approvals;

  • (b) it is not restricted under the terms of its constitution or in any other manner from borrowing Securities in accordance with this Agreement or from otherwise performing its obligations hereunder;

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  • (c) it is absolutely entitled to pass full legal and beneficial ownership of all Collateral provided by it hereunder to Lender free from all liens, charges and encumbrances;

  • (d) it is acting as principal in respect of this Agreement; and

  • (e) it is not entering into a Loan for the primary purpose of obtaining or exercising voting rights in respect of the Loaned Securities.

15. INTEREST ON OUTSTANDING PAYMENTS

In the event of either Party failing to remit sums in accordance with this Agreement such Party hereby undertakes to pay to the other Party upon demand interest (before as well as after judgment) on the net balance due and outstanding, for the period commencing on and inclusive of the original due date for payment to (but excluding) the date of actual payment, in the same currency as the principal sum and at the rate referred to in paragraph 11.7. Interest will accrue daily on a compound basis and will be calculated according to the actual number of days elapsed. No interest shall be payable under this paragraph in respect of any day on which one Party endeavours to make a payment to the other Party but the other Party is unable to receive it.

16. TERMINATION OF THIS AGREEMENT

Each Party shall have the right to terminate this Agreement by giving not less than 15 Business Days’ notice in writing to the other Party (which notice shall specify the date of termination) subject to an obligation to ensure that all Loans which have been entered into but not discharged at the time such notice is given are duly discharged in accordance with this Agreement.

17. SINGLE AGREEMENT

Each Party acknowledges that, and has entered into this Agreement and will enter into each Loan in consideration of and in reliance upon the fact that, all Loans constitute a single business and contractual relationship and are made in consideration of each other. Accordingly, each Party agrees:

  • (a) to perform all of its obligations in respect of each Loan, and that a default in the performance of any such obligations shall constitute a default by it in respect of all Loans, subject always to the other provisions of the Agreement; and

  • (b) that payments, deliveries and other transfers made by either of them in respect of any Loan shall be deemed to have been made in consideration of payments, deliveries and other transfers in respect of any other Loan.

18. SEVERANCE

If any provision of this Agreement is declared by any judicial or other competent authority to be void or otherwise unenforceable, that provision shall be severed from the Agreement and the remaining provisions of this Agreement shall remain in full force and effect. The Agreement shall, however, thereafter be amended by the Parties in such reasonable manner so as to achieve as far as possible, without illegality, the intention of the Parties with respect to that severed provision.

19. SPECIFIC PERFORMANCE

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Each Party agrees that in relation to legal proceedings it will not seek specific performance of the other Party’s obligation to deliver Securities, Equivalent Securities, Collateral or Equivalent Collateral but without prejudice to any other rights it may have.

20. NOTICES

  • 20.1 Any notice or other communication in respect of this Agreement may be given in any manner set forth below to the address or number or in accordance with the electronic messaging system details set out in paragraph 6 of the Schedule and will be deemed effective as indicated:

  • (a) if in writing and delivered in person or by courier, on the date it is delivered;

  • (b) if sent by facsimile transmission, on the date that transmission is received by a responsible employee of the recipient in legible form (it being agreed that the burden of proving receipt will be on the sender and will not be met by a transmission report generated by the sender’s facsimile machine);

  • (c) if sent by certified or registered mail (airmail, if overseas) or the equivalent (return receipt requested), on the date that mail is delivered or its delivery is attempted; or

  • (d) if sent by electronic messaging system, on the date that electronic message is received,

unless the date of that delivery (or attempted delivery) or the receipt, as applicable, is not a Business Day or that communication is delivered (or attempted) or received, as applicable, after the Close of Business on a Business Day, in which case that communication shall be deemed given and effective on the first following day that is a Business Day.

  • 20.2 Either Party may by notice to the other change the address or facsimile number or electronic messaging system details at which notices or other communications are to be given to it.

21. ASSIGNMENT

  • 21.1 Subject to paragraph 21.2, neither Party may charge, assign or otherwise deal with all or any of its rights or obligations hereunder without the prior consent of the other Party.

  • 21.2 Paragraph 21.1 shall not preclude a party from charging, assigning or otherwise dealing with all or any part of its interest in any sum payable to it under paragraph 11.2(b) or 11.7.

22. NON-WAIVER

No failure or delay by either Party (whether by course of conduct or otherwise) to exercise any right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise of any right, power or privilege preclude any other or further exercise thereof or the exercise of any other right, power or privilege as herein provided.

23. GOVERNING LAW AND JURISDICTION

  • 23.1 This Agreement and any non-contractual obligations arising out of or in connection with this Agreement shall be governed by, and shall be construed in accordance with, English law.

  • 23.2 The courts of England have exclusive jurisdiction to hear and decide any suit, action or proceedings, and to settle any disputes or any non-contractual obligation which may arise out

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of or in connection with this Agreement (respectively, Proceedings and Disputes ) and, for these purposes, each Party irrevocably submits to the jurisdiction of the courts of England.

  • 23.3 Each Party irrevocably waives any objection which it might at any time have to the courts of England being nominated as the forum to hear and decide any Proceedings and to settle any Disputes and agrees not to claim that the courts of England are not a convenient or appropriate forum.

  • 23.4 Each Party hereby respectively appoints the person identified in paragraph 7 of the Schedule pertaining to the relevant Party as its agent to receive on its behalf service of process in the courts of England. If such an agent ceases to be an agent of a Party, the relevant Party shall promptly appoint, and notify the other Party of the identity of its new agent in England.

24. TIME

Time shall be of the essence of the Agreement.

25. RECORDING

The Parties agree that each may record all telephone conversations between them.

26. WAIVER OF IMMUNITY

Each Party hereby waives all immunity (whether on the basis of sovereignty or otherwise) from jurisdiction, attachment (both before and after judgement) and execution to which it might otherwise be entitled in any action or proceeding in the courts of England or of any other country or jurisdiction relating in any way to this Agreement and agrees that it will not raise, claim or cause to be pleaded any such immunity at or in respect of any such action or proceeding.

27. MISCELLANEOUS

  • 27.1 This Agreement constitutes the entire agreement and understanding of the Parties with respect to its subject matter and supersedes all oral communication and prior writings with respect thereto.

  • 27.2 The Party (the Relevant Party ) who has prepared the text of this Agreement for execution (as indicated in paragraph 9 of the Schedule) warrants and undertakes to the other Party that such text conforms exactly to the text of the standard form Global Master Securities Lending Agreement (2010 version) posted by the International Securities Lending Association on its website except as notified by the Relevant Party to the other Party in writing prior to the execution of this Agreement.

  • 27.3 Unless otherwise provided for in this Agreement, no amendment in respect of this Agreement will be effective unless in writing (including a writing evidenced by a facsimile transmission) and executed by each of the Parties or confirmed by an exchange of telexes or electronic messages on an electronic messaging system.

  • 27.4 The Parties agree that where paragraph 11 of the Schedule indicates that this paragraph 27.4 applies, this Agreement shall apply to all loans which are outstanding as at the date of this Agreement and which are subject to the securities lending agreement or agreements specified in paragraph 11 of the Schedule, and such Loans shall be treated as if they had been entered into under this Agreement, and the terms of such loans are amended accordingly with effect from the date of this Agreement.

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  • 27.5 The Parties agree that where paragraph 12 of the Schedule indicates that this paragraph 27.5 applies, each may use the services of a third party vendor to automate the processing of Loans under this Agreement and that any data relating to such Loans received from the other Party may be disclosed to such third party vendors.

  • 27.6 The obligations of the Parties under this Agreement will survive the termination of any Loan.

  • 27.7 The warranties contained in paragraphs 13, 14 and 27.2 and in the Agency Annex will survive termination of this Agreement for so long as any obligations of either of the Parties pursuant to this Agreement remain outstanding.

  • 27.8 Except as provided in this Agreement, the rights, powers, remedies and privileges provided in this Agreement are cumulative and not exclusive of any rights, powers, remedies and privileges provided by law.

  • 27.9 This Agreement (and each amendment in respect of it) may be executed and delivered in counterparts (including by facsimile transmission), each of which will be deemed an original.

  • 27.10 A person who is not a party to this Agreement has no right under the Contracts (Rights of Third Parties) Act 1999 to enforce any terms of this Agreement, but this does not affect any right or remedy of a third party which exists or is available apart from that Act.

EXECUTED by the PARTIES

MORGAN STANLEY & CO. INTERNATIONAL PLC

By______

Title____

Date____

TEST PARTY TEST PARTY TEST PARTY

By______

Title____

Date____

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SCHEDULE

1. COLLATERAL

  • 1.1 The securities, financial instruments and deposits of currency set out in the table below with a cross marked next to them are acceptable forms of Collateral under this Agreement.

  • 1.2 Unless otherwise agreed between the Parties, the Market Value of the Collateral delivered pursuant to paragraph 5 by Borrower to Lender under the terms and conditions of this Agreement shall on each Business Day represent not less than the Market Value of the Loaned Securities together with the percentage contained in the row of the table below corresponding to the particular form of Collateral, referred to in this Agreement as the Margin .

Security/Financial
Instrument/ Deposit of
Currency		 Mark “X” if acceptable form
of Collateral		 Margin (%)
%

  • 1.3 Basis of Margin Maintenance: Paragraph 5.4 (aggregation) shall apply

  • 1.4 Paragraph 5.6 (netting of obligations to deliver Collateral and redeliver Equivalent Collateral) shall apply

  • 1.5 For the purposes of Paragraph 5.8, Notification Time means by 12:00 noon, London time.

  • 1.6 Paragraph 6.4 (indemnity for failure to redeliver Equivalent Non-Cash Collateral) shall apply

2.

BASE CURRENCY

The Base Currency applicable to this Agreement is USD provided that if that currency ceases to be freely convertible the Base Currency shall be EUR.

3. PLACES OF BUSINESS

London

4. MARKET VALUE

(See definition of Market Value.)

5. EVENTS OF DEFAULT

Automatic Early Termination shall not apply in respect of Party A

Automatic Early Termination shall apply in respect of Party B

6. DESIGNATED OFFICE AND ADDRESS FOR NOTICES

  • (a) Designated office of Party A:

Address for notices or communications to Party A:

For notices or communications with respect to Paragraphs 10 and 11 only:

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Address: Morgan Stanley & Co. International plc 25 Cabot Square Canary Wharf London E14 4QA Attention: Financing Notices With a mandatory copy to: Facsimile: +1 212 507 4622

For notices or communications with respect to all other purposes other than Paragraphs 10 and 11:

Address: Morgan Stanley & Co. International plc 25 Cabot Square Canary Wharf London E14 4QA Attention: Miscellaneous Notices Facsimile: +1 212 404 9899 (b) Designated office of Party B: Address for notices or communications to Party B: TEST PARTY TEST PARTY TEST PARTY Address: [PLEASE INSERT DETAILS] Attention: [PLEASE INSERT DETAILS] Facsimile No: [PLEASE INSERT DETAILS] Telephone No: [PLEASE INSERT DETAILS] 7. AGENT FOR SERVICE OF PROCESS (a) Agent of Party A for Service of Process N/A (b) Agent of Party B for Service of Process Name: [PLEASE INSERT DETAILS] Address: [PLEASE INSERT DETAILS] 8. AGENCY

  • Party A shall not act as agent

  • – Party B [may/shall not] act as agent

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  • The Addendum for Pooled Principal Transactions shall not apply to Party A

  • The Addendum for Pooled Principal Transactions shall not apply to Party B

9. PARTY PREPARING THIS AGREEMENT

Party A

10. DEFAULT INTEREST

Rate of default interest: Barclays Bank Base Rate

11. AUTOMATION

Paragraph 27.5 shall not apply

12. AMENDMENTS AND SUPPLEMENTAL TERMS

The following provisions shall amend or supplement, as applicable, the terms of the Agreement:

  • (a) the definition of “Buy-In” shall be amended by (i) inserting the wording “or the exchange on which such securities are to be delivered” between “such securities” and “is entitled” on the third line thereof; and (ii) inserting the wording “or the relevant exchange rules” between “such arrangement” and “to buy” on the third line thereof;

  • (b) the definition of “Equivalent or equivalent to” shall be amended by inserting the wording “on or prior to the date of such notice” between “has” and “paid to” on the twelfth line thereof;

  • (c) the definition of “Notification Time” shall be supplemented by the addition of the following wording at the end thereof: “or, in the absence of such specification, 12:00 noon London (U.K.) time”;

  • (d) Substitutions of Collateral: for the purposes of paragraph 5.3, sub-paragraph 6.4(d) and any related substitutions of Collateral, Lender shall be deemed to have indicated and agreed to the acceptability of Alternative Collateral for the purposes of any substitution to be effected by Borrower if such Alternative Collateral is included in paragraph 1 of the Schedule to this Agreement or any other Collateral schedule agreed between the Parties from time to time in relation to this Agreement;

  • (e) in sub-paragraph 6.4(c), the wording “, the relevant Income Record Date” shall be deleted;

  • (f) the following wording shall be added at the end of paragraph 6.4: “Losses covered under this indemnity shall include amounts representing any deficit between the amounts paid by Lender under paragraph 6.3 and the amount of Income that Borrower would have been entitled to receive had such Collateral not been provided to Lender and had been retained by Borrower on the relevant Income Record Date.”

  • (g) the following wording shall be added in paragraph 6.7 between “or option” and “give written” in the eighth line thereof: “(and provided any payment required under the definition of “Equivalent” has been made)”;

  • (h) it is agreed that, notwithstanding anything to the contrary in paragraph 9.3, where the Transferor has failed to fulfil its redelivery obligations the costs and expenses payable by it to

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the Transferee pursuant to paragraph 9.3, shall be limited to overdraft, financing and similar costs and expenses reasonably and properly incurred by the Transferee with respect to the Transferee’s failure to meet its obligations under a transaction to sell or deliver securities where such failure is a direct result of the Transferor’s failure to deliver. It is further agreed that, where the securities which the Transferor failed to redeliver were part only of the aggregate number of securities required by the Transferee to meet its obligations under any such sale or delivery transaction, the Transferor shall only be required to pay to the Transferee the percentage of any such overdraft, financing and similar costs that relate to the proportion that such securities were of the aggregate number of required securities. The Transferor shall only be required to account to the Transferee for costs and expenses reasonably incurred by the Transferee as a result of a “buy-in” pursuant to paragraph 9.3 where the Transferee has given the Transferor reasonable notice of the likelihood of such “buy-in”;

  • (i) paragraph 10.1(a) shall be amended by deleting the word “further” in line three thereof and the insertion of the words “or redeliver” in place thereof;

  • (j) in sub-paragraph 11.3(f) the wording “(including any mark-up or mark-down or premium paid for guaranteed delivery)” shall be deleted;

  • (k) in paragraph 17, sub-paragraph (a) (and consequently the “(b)” at the beginning of the following sub-paragraph) shall be deleted;

(l) FATCA related provisions.

(i) The following definition is added to paragraph 2.1 between the definition of “Equivalent or equivalent to” and “Income”:

“ FATCA means Sections 1471 through 1474 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), as of the date of this Agreement (or any amended or successor version that is substantively comparable thereto) and any current or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b) of the Code, and any fiscal or regulatory rules or practices adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such Sections.”

(ii) The following sub-paragraph is added to the end of paragraph 6.3:

“(c) is compliant with FATCA, unless neither Lender nor Borrower are actually compliant with FATCA.”

(iii) The following wording shall be added to the end of sub-paragraph 12.2(d):

“or, the Tax is a U.S federal withholding Tax imposed or collected under FATCA”

(m) Non-ERISA representation: Party B continuously represents that it is not

(i) an employee benefit plan (hereinafter an “ERISA Plan”), as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), subject to Title I of ERISA or a plan subject to Section 4975 of the Internal Revenue Code of 1986, as amended, or subject to any other statute, regulation, procedure or restriction that is materially similar to Section 406 of ERISA or Section 4975 of the Code (together with ERISA Plans, “Plans”),

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(ii) a person any of the assets of whom constitute assets of a Plan, or

(iii) in connection with any Transaction under this Agreement, a person acting on behalf of a Plan, or using the assets of a Plan.

Party B will provide notice to the other party in the event that it is aware that it is in breach of any aspect of this representation or is aware that with the passing of time, giving of notice or expiry of any applicable grace period it will breach this representation.”

  • (n) South African Securities: Each Party undertakes that, where it is acting as Borrower and borrows South African Securities under the terms of this Agreement, it will (a) use best endeavours to effect delivery of those South African Securities within a period of ten (10) business days from the date of settlement of the delivery of those South African Securities from the Lender to it, and (b) redeliver Equivalent Securities to the Lender within a period of twelve (12) months from the date of settlement of the transfer of those South African Securities from the Lender to it. Where a Party fails to comply with the aforementioned obligations, and as a direct result the Lender becomes liable to pay stamp duty, securities transfer tax or similar transfer taxes in relation to the loan or redelivery or the relevant South African Securities to or from that Party as Borrower, that Party will promptly reimburse the Lender in relation to such taxes and for any associated penalties and interest. However, that Party will not be liable to the Lender for such taxes in the event that it has made the relevant South African Securities available for redelivery to the Lender but has been unable to effect such redelivery due to the wilful acts or omissions or the negligence of the Lender. For the purpose of the foregoing, “South African Securities” means listed securities as contemplated under the South African Securities Transfer Tax Act 2007, or any equivalent under replacement or equivalent legislation. The provisions of this paragraph shall be without prejudice to the provisions of paragraph 10.1 of the Agreement, and shall not be deemed to supplement or amend paragraph 10.1.

  • (o) Irish Securities: Each Party undertakes that, where it is acting as Borrower and borrows Irish Securities under the terms of this Agreement, or where it is acting as Lender and accepts Irish Securities as Non-Cash Collateral under the terms of this Agreement, it will use best endeavours to redeliver Equivalent Securities to the other Party within a period of twelve (12) months from the date of settlement of the transfer of those Irish Securities from the other Party to it. Where a Party fails to comply with the aforementioned obligations, and as a direct result the other Party becomes liable to pay stamp duty, securities transfer tax or similar transfer taxes in relation to the loan or redelivery or the relevant Irish Securities to or from that Party, that Party will promptly reimburse the other Party in relation to such taxes and for any associated penalties and interest. However, that Party will not be liable to the other Party for such taxes in the event that it has made the relevant Irish Securities available for redelivery to the other Party but has been unable to effect such redelivery due to the wilful acts or omissions or the negligence of the other Party. For the purpose of the foregoing, “Irish Securities” means stock or marketable securities, “Non-Cash Collateral” means Collateral Stock and “Equivalent Securities” means Equivalent Stock, each as contemplated under the Irish Stamp Duties Consolidation Act 1999 (and the definition of “Equivalent Securities” in the Agreement shall be deemed so amended in relation to Irish Securities). The provisions of this paragraph shall be without prejudice to the provisions of paragraph 10.1 of the Agreement, and shall not be deemed to supplement or amend paragraph 10.1.

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AGENCY ANNEX

1. TRANSACTIONS ENTERED INTO AS AGENT

1.1 Power for Lender to enter into Loans as agent

Subject to the following provisions of this paragraph, Lender may enter into Loans as agent (in such capacity, the Agent ) for a third person (a Principal ), whether as custodian or investment manager or otherwise (a Loan so entered into being referred to in this paragraph as an Agency Loan ).

If the Lender has indicated in paragraph 8 of the Schedule that it may act as Agent, it must identify each Loan in respect of which it acts as Agent as an Agency Loan at the time it is entered into. If the Lender has indicated in paragraph 8 of the Schedule that it will always act as Agent, it need not identify each Loan as an Agency Loan.

1.2 Conditions for Agency Loan

A Lender may enter into an Agency Loan if, but only if:

  • (a) it provides to Borrower, prior to effecting any Agency Loan, such information in its possession necessary to complete all required fields in the format generally used in the industry, or as otherwise agreed by Agent and Borrower ( Agreed Format ), and will use its best efforts to provide to Borrower any optional information that may be requested by the Borrower for the purpose of identifying such Principal (all such information being the Principal Information ). Agent represents and warrants that the Principal Information is true and accurate to the best of its knowledge and has been provided to it by Principal;

  • (b) it enters into that Loan on behalf of a single Principal whose identity is disclosed to Borrower (whether by name or by reference to a code or identifier which the Parties have agreed will be used to refer to a specified Principal) either at the time when it enters into the Loan or before the Close of Business on the next Business Day after the date on which Loaned Securities are transferred to the Borrower in the Agreed Format or as otherwise agreed between the Parties; and;

  • (c) it has at the time when the Loan is entered into actual authority to enter into the Loan and to perform on behalf of that Principal all of that Principal’s obligations under the agreement referred to in paragraph 1.5(b) below.

Agent agrees that it will not effect any Loan with Borrower on behalf of any Principal unless Borrower has notified Agent of Borrower's approval of such Principal, and has not notified Agent that it has withdrawn such approval (such Principal, an Approved Principal ), with both such notifications in the Agreed Format.

Borrower acknowledges that Agent shall not have any obligation to provide it with confidential information regarding the financial status of its Principals; Agent agrees, however, that it will assist Borrower in obtaining from Agent’s Principals such information regarding the financial status of such Principals as Borrower may reasonably request.

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1.3 Notification by Agent of certain events affecting any Principal

Agent undertakes that, if it enters as agent into an Agency Loan, forthwith upon becoming aware:

  • (a) of any event which constitutes an Act of Insolvency with respect to the relevant Principal; or

  • (b) of any breach of any of the warranties given in paragraph 1.6 below or of any event or circumstance which results in any such warranty being untrue if repeated by reference to the then current facts,

it will inform Borrower of that fact and will, if so required by Borrower, furnish it with such additional information as it may reasonably request to the extent that such information is readily obtainable by Agent.

1.4 Status of Agency Loan

  • (a) Each Agency Loan shall be a transaction between the relevant Principal and Borrower and no person other than the relevant Principal and Borrower shall be a party to or have any rights or obligations under an Agency Loan. Without limiting the foregoing, Agent shall not be liable as principal for the performance of an Agency Loan, but this is without prejudice to any liability of Agent under any other provision of this Annex; and

  • (b) all the provisions of the Agreement shall apply separately as between Borrower and each Principal for whom the Agent has entered into an Agency Loan or Agency Loans as if each such Principal were a party to a separate agreement with Borrower in all respects identical with this Agreement other than this Annex and as if the Principal were Lender in respect of that agreement; provided that

  • (i) if there occurs in relation to the Agent an Event of Default or an event which would constitute an Event of Default if Borrower served written notice under any sub-clause of paragraph 10 of the Agreement, Borrower shall be entitled by giving written notice to the Principal (which notice shall be validly given if given in accordance with paragraph 20 of the Agreement) to declare that by reason of that event an Event of Default is to be treated as occurring in relation to the Principal. If Borrower gives such a notice then an Event of Default shall be treated as occurring in relation to the Principal at the time when the notice is deemed to be given; and

  • (ii) if the Principal is neither incorporated in nor has established a place of business in Great Britain, the Principal shall for the purposes of the agreement referred to in paragraph 1.5(b) above be deemed to have appointed as its agent to receive on its behalf service of process in the courts of England the Agent, or if the Agent is neither incorporated nor has established a place of business in Great Britain, the person appointed by the Agent for the purposes of this Agreement, or such other person as the Principal may from time to time specify in a written notice given to the other Party.

If Lender has indicated in paragraph 6 of the Schedule that it may enter into Loans as agent, the foregoing provisions of this paragraph do not affect the operation of the Agreement as between Borrower and Lender in respect of any Loans into which Lender may enter on its own account as principal.

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1.5 Warranty of authority by Lender acting as Agent

Agent warrants to Borrower that it will, on every occasion on which it enters or purports to enter into a Loan as an Agency Loan, have been duly authorised to enter into that Loan and perform the obligations arising under such Loan on behalf of the Principal in respect of that Loan and to perform on behalf of the Principal all the obligations of that person under the agreement referred to in paragraph 1.5(b) above.

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2014 UK TAX ADDENDUM

We hereby agree that the attached Global Master Securities Lending Agreement (the Agreement ) shall be subject to the following and supplemental terms:-

1. DISAPPLICATION OF PREVIOUS ADDENDUM

1.1 Any previous UK tax addendum or equivalent or similar provision (the Previous Addendum shall no longer apply insofar as it relates to the UK income tax treatment of any payment.

1.2 For the avoidance of doubt, any undertaking made in the Agreement or the Previous Addendum pursuant to which a Party undertakes to notify the other Party about its status as an approved UK intermediary or an approved UK collecting agent shall no longer apply.

2. APPLICATION OF THIS ADDENDUM

The remaining provisions of this Addendum shall apply in relation to any payment made by Borrower under paragraph 6.2 or by Lender under paragraph 6.3 where:

  • (a) Borrower, in relation to any payment made under paragraph 6.2, or Lender, in relation to any payment made under paragraph 6.3, is either UK resident (except where the payment is an Exempt Branch Payment) or makes such payment in the course of a trade carried on in the UK through a branch or agency; and

  • (b) the Loaned Securities or Non-Cash Collateral (as the case may be) are REIT Shares, Net Paying UK Securities or PAIF Shares.

3. DISAPPLICATION OF GROSS-UP

3.1 Except as otherwise agreed, Borrower shall not be obliged to pay an additional amount under paragraph 12.2(d) in respect of any payment made under paragraph 6.2.

3.2 When determining whether any deduction or withholding is required under paragraph 12.1, Borrower, in relation to any payment made under paragraph 6.2, and Lender, in relation to any payment made under paragraph 6.3 shall (in each case acting reasonably) take account of:

  • (a) any warranties made by the other Party under this Addendum; and

  • (b) any relevant documentation, warranty, certification or notice provided by the other Party.

4. APPLICATION OF WARRANTIES

Each Parties shall specify in the Schedule to this Addendum which (if any) of paragraphs 5 to 7 below shall apply in relation to it and where or to the extent that no such specification is made it shall be assumed that such paragraphs do not apply in relation to Borrower and/or Lender, as the case may be.

5. MANUFACTURED PAYMENTS: NET PAYING UK SECURITIES

Lender, in relation to any Loan of Net Paying UK Securities, and Borrower, in relation to any NonCash Collateral in the form of any Net Paying UK Securities provided, warrants to the other Party on a continuing basis that, unless otherwise notified:

  • (a) the person beneficially entitled to any payment made under, as the case may be, paragraph 6.2 or 6.3 in respect of such Net Paying UK Securities is either:

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  • (i) a UK resident company; or

  • (ii) a non-UK resident company carrying on a trade in the UK through a permanent establishment which is required to bring any such payment made to it into account in computing its chargeable profits for UK corporation tax purposes; or

  • (b) the person beneficially entitled to any payment made under, as the case may be, paragraph 6.2 or 6.3 in respect of such Net Paying UK Securities is a partnership each member of which is company mentioned in (a)(i) or (ii) above; or

  • (c) the recipient of any payment made under, as the case may be, paragraph 6.2 or 6.3 in respect of such Net Paying UK Securities is either:

  • (i) an ISA Manager or a PEP Manager, or the nominee of such a person, who receives such payment in respect of investments under the plan; or

  • (ii) a scheme administrator of a Registered Pension Scheme.

6. MANUFACTURED PAYMENTS: REIT SHARES

Lender, in relation to any Loan of any REIT Shares, and Borrower, in relation to any Non-Cash Collateral in the form of any REIT Shares, warrants to the other Party on a continuing basis that, unless otherwise notified:

  • (a) the person beneficially entitled to any payment made under, as the case may be, paragraph 6.2 or 6.3 in respect of such shares, and is either:

  • (i) a UK resident company; or

  • (ii) a non-UK resident company carrying on a trade in the UK through a permanent establishment which is required to bring any such payment made to it into account in computing its chargeable profits for UK corporation tax purposes; or

  • (b) the recipient of any payment made under, as the case may be, paragraph 6.2 or 6.3 in respect of such shares is a partnership each member of which is a company mentioned in (a)(i) or (ii) above; or

  • (c) the recipient of any payment made under, as the case may be, paragraph 6.2 or 6.3 in respect of such shares is either a scheme administrator of a Registered Pension Scheme or an ISA Manager or a PEP Manager and (in each case) any such payment is applied for the purposes of the scheme, account or plan in respect of which the recipient has duties.

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7. MANUFACTURED PAYMENTS: PAIF SHARES

Lender, in relation to any Loan of any PAIF Shares, and Borrower, in relation to any Non-Cash Collateral in the form of any PAIF Shares, warrants to the other Party on a continuing basis that, unless otherwise notified, the warranties in paragraphs 5 and 6 of this Addendum shall apply in relation to any payment made under, as the case may be, paragraph 6.2 or 6.3 in respect of such shares as if such paragraphs referred to PAIF Shares.

8. INTERPRETATION

  • 8.1 In this Addendum the following definitions shall apply:

Exempt Branch Payment means a payment where both (i) section 18A of the Corporation Tax Act 2009 has effect in relation to the payer for the accounting period in which the payment is made and (ii) the payment is made in the course of a trade carried on through a permanent establishment in a territory outside the UK;

ISA Manager means the account manager of an account within the meaning of regulation 4(1) of the Individual Savings Account Regulations 1998;

Net Paying UK Securities means securities (including any loan stock or any similar security, but excluding any shares) of the UK government or a local authority (or other public authority) in the UK or a UK resident company or other UK resident body, where such securities are neither gilt-edged securities nor other securities on which interest is payable without deduction of UK income tax;

PAIF Shares means shares in an open-ended investment company to which Part 4A of the Authorised Investment Funds (Tax) Regulations 2006 applies;

PEP Manager means the plan manager of a plan within the meaning of regulation 4(1) of the Personal Equity Plan Regulations 1989;

Previous Addendum has the meaning given to it in paragraph 1.1 of this Addendum;

REIT Shares means shares in either a company UK REIT or the principal company of a group UK REIT (each as defined in Part 12 of the Corporation Tax Act 2010); and;

Registered Pension Scheme means a registered pension scheme for the purposes of Part 4 of the Finance Act 2004; and

8.2 Terms to which a defined meaning is given in the Agreement have the same meanings in this Addendum.

8.3 Unless otherwise specified, references to paragraphs in this Addendum are to paragraphs in the Agreement.

8.4 Any reference to a provision of law includes references to that provision as amended, consolidated or re-enacted.

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SCHEDULE

1. MORGAN STANLEY & CO. INTERNATIONAL PLC WARRANTIES

  • (a) paragraph 5 of this Addendum shall apply;

  • (b) paragraph 6 of this Addendum shall apply; and

  • (c) paragraph 7 of this Addendum shall apply.

2. TEST PARTY TEST PARTY TEST PARTY WARRANTIES

  • (a) paragraph 5 of this Addendum [shall/shall not] * apply;

  • (b) paragraph 6 of this Addendum [shall/shall not] * apply; and

  • (c) paragraph 7 of this Addendum [shall/shall not] * apply.

  • delete as appropriate

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EXECUTED by the PARTIES

MORGAN STANLEY & CO. INTERNATIONAL PLC

By______ Title____ Date____

TEST PARTY TEST PARTY TEST PARTY

By______ Title____ Date____

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Annexure F

(Multicurrency — Cross Border)

ISDA 

International Swap Dealers Association, Inc.

MASTER AGREEMENT

dated as of ......................................

.......……………….…….….…..……..…...……. and ……….…..………………....…………………….........

have entered and/or anticipate entering into one or more transactions (each a “Transaction”) that are or will be governed by this Master Agreement, which includes the schedule (the “Schedule”), and the documents and other confirming evidence (each a “Confirmation”) exchanged between the parties confirming those Transactions.

Accordingly, the parties agree as follows: —

1. Interpretation

(a) Definitions . The terms defined in Section 14 and in the Schedule will have the meanings therein specified for the purpose of this Master Agreement.

(b) Inconsistency . In the event of any inconsistency between the provisions of the Schedule and the other provisions of this Master Agreement, the Schedule will prevail. In the event of any inconsistency between the provisions of any Confirmation and this Master Agreement (including the Schedule), such Confirmation will prevail for the purpose of the relevant Transaction.

(c) Single Agreement . All Transactions are entered into in reliance on the fact that this Master Agreement and all Confirmations form a single agreement between the parties (collectively referred to as this “Agreement”), and the parties would not otherwise enter into any Transactions.

2. Obligations

(a) General Conditions .

(i) Each party will make each payment or delivery specified in each Confirmation to be made by it, subject to the other provisions of this Agreement.

(ii) Payments under this Agreement will be made on the due date for value on that date in the place of the account specified in the relevant Confirmation or otherwise pursuant to this Agreement, in freely transferable funds and in the manner customary for payments in the required currency. Where settlement is by delivery (that is, other than by payment), such delivery will be made for receipt on the due date in the manner customary for the relevant obligation unless otherwise specified in the relevant Confirmation or elsewhere in this Agreement.

(iii) Each obligation of each party under Section 2(a)(i) is subject to (1) the condition precedent that no Event of Default or Potential Event of Default with respect to the other party has occurred and is continuing, (2) the condition precedent that no Early Termination Date in respect of the relevant Transaction has occurred or been effectively designated and (3) each other applicable condition precedent specified in this Agreement.

Copyright  1992 by International Swap Dealers Association, Inc.

(b) Change of Account . Either party may change its account for receiving a payment or delivery by giving notice to the other party at least five Local Business Days prior to the scheduled date for the payment or delivery to which such change applies unless such other party gives timely notice of a reasonable objection to such change.

  • (c) Netting . If on any date amounts would otherwise be payable:—

  • (i) in the same currency; and

  • (ii) in respect of the same Transaction,

by each party to the other, then, on such date, each party’s obligation to make payment of any such amount will be automatically satisfied and discharged and, if the aggregate amount that would otherwise have been payable by one party exceeds the aggregate amount that would otherwise have been payable by the other party, replaced by an obligation upon the party by whom the larger aggregate amount would have been payable to pay to the other party the excess of the larger aggregate amount over the smaller aggregate amount.

The parties may elect in respect of two or more Transactions that a net amount will be determined in respect of all amounts payable on the same date in the same currency in respect of such Transactions, regardless of whether such amounts are payable in respect of the same Transaction. The election may be made in the Schedule or a Confirmation by specifying that subparagraph (ii) above will not apply to the Transactions identified as being subject to the election, together with the starting date (in which case subparagraph (ii) above will not, or will cease to, apply to such Transactions from such date). This election may be made separately for different groups of Transactions and will apply separately to each pairing of Offices through which the parties make and receive payments or deliveries.

(d) Deduction or Withholding for Tax.

(i) Gross-Up . All payments under this Agreement will be made without any deduction or withholding for or on account of any Tax unless such deduction or withholding is required by any applicable law, as modified by the practice of any relevant governmental revenue authority, then in effect. If a party is so required to deduct or withhold, then that party (“X”) will:—

  • (1) promptly notify the other party (“Y”) of such requirement;

(2) pay to the relevant authorities the full amount required to be deducted or withheld (including the full amount required to be deducted or withheld from any additional amount paid by X to Y under this Section 2(d)) promptly upon the earlier of determining that such deduction or withholding is required or receiving notice that such amount has been assessed against Y;

(3) promptly forward to Y an official receipt (or a certified copy), or other documentation reasonably acceptable to Y, evidencing such payment to such authorities; and

(4) if such Tax is an Indemnifiable Tax, pay to Y, in addition to the payment to which Y is otherwise entitled under this Agreement, such additional amount as is necessary to ensure that the net amount actually received by Y (free and clear of Indemnifiable Taxes, whether assessed against X or Y) will equal the full amount Y would have received had no such deduction or withholding been required. However, X will not be required to pay any additional amount to Y to the extent that it would not be required to be paid but for:—

(A) the failure by Y to comply with or perform any agreement contained in Section 4(a)(i), 4(a)(iii) or 4(d); or

(B) the failure of a representation made by Y pursuant to Section 3(f) to be accurate and true unless such failure would not have occurred but for (I) any action taken by a taxing authority, or brought in a court of competent jurisdiction, on or after the date on which a Transaction is entered into (regardless of whether such action is taken or brought with respect to a party to this Agreement) or (II) a Change in Tax Law.

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(ii) Liability . If: —

(1) X is required by any applicable law, as modified by the practice of any relevant governmental revenue authority, to make any deduction or withholding in respect of which X would not be required to pay an additional amount to Y under Section 2(d)(i)(4);

  • (2) X does not so deduct or withhold; and

  • (3) a liability resulting from such Tax is assessed directly against X,

then, except to the extent Y has satisfied or then satisfies the liability resulting from such Tax, Y will promptly pay to X the amount of such liability (including any related liability for interest, but including any related liability for penalties only if Y has failed to comply with or perform any agreement contained in Section 4(a)(i), 4(a)(iii) or 4(d)).

(e) Default Interest ; Other Amounts . Prior to the occurrence or effective designation of an Early Termination Date in respect of the relevant Transaction, a party that defaults in the performance of any payment obligation will, to the extent permitted by law and subject to Section 6(c), be required to pay interest (before as well as after judgment) on the overdue amount to the other party on demand in the same currency as such overdue amount, for the period from (and including) the original due date for payment to (but excluding) the date of actual payment, at the Default Rate. Such interest will be calculated on the basis of daily compounding and the actual number of days elapsed. If, prior to the occurrence or effective designation of an Early Termination Date in respect of the relevant Transaction, a party defaults in the performance of any obligation required to be settled by delivery, it will compensate the other party on demand if and to the extent provided for in the relevant Confirmation or elsewhere in this Agreement.

3. Representations

Each party represents to the other party (which representations will be deemed to be repeated by each party on each date on which a Transaction is entered into and, in the case of the representations in Section 3(f), at all times until the termination of this Agreement) that:—

(a) Basic Representations .

(i) Status . It is duly organised and validly existing under the laws of the jurisdiction of its organisation or incorporation and, if relevant under such laws, in good standing;

(ii) Powers . It has the power to execute this Agreement and any other documentation relating to this Agreement to which it is a party, to deliver this Agreement and any other documentation relating to this Agreement that it is required by this Agreement to deliver and to perform its obligations under this Agreement and any obligations it has under any Credit Support Document to which it is a party and has taken all necessary action to authorise such execution, delivery and performance;

(iii) No Violation or Conflict . Such execution, delivery and performance do not violate or conflict with any law applicable to it, any provision of its constitutional documents, any order or judgment of any court or other agency of government applicable to it or any of its assets or any contractual restriction binding on or affecting it or any of its assets;

(iv) Consents . All governmental and other consents that are required to have been obtained by it with respect to this Agreement or any Credit Support Document to which it is a party have been obtained and are in full force and effect and all conditions of any such consents have been complied with; and

(v) Obligations Binding . Its obligations under this Agreement and any Credit Support Document to which it is a party constitute its legal, valid and binding obligations, enforceable in accordance with their respective terms (subject to applicable bankruptcy, reorganisation, insolvency, moratorium or similar laws affecting creditors’ rights generally and subject, as to enforceability, to equitable principles of general application (regardless of whether enforcement is sought in a proceeding in equity or at law)).

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(b) Absence of Certain Events . No Event of Default or Potential Event of Default or, to its knowledge, Termination Event with respect to it has occurred and is continuing and no such event or circumstance would occur as a result of its entering into or performing its obligations under this Agreement or any Credit Support Document to which it is a party.

(c) Absence of Litigation . There is not pending or, to its knowledge, threatened against it or any of its Affiliates any action, suit or proceeding at law or in equity or before any court, tribunal, governmental body, agency or official or any arbitrator that is likely to affect the legality, validity or enforceability against it of this Agreement or any Credit Support Document to which it is a party or its ability to perform its obligations under this Agreement or such Credit Support Document.

(d) Accuracy of Specified Information . All applicable information that is furnished in writing by or on behalf of it to the other party and is identified for the purpose of this Section 3(d) in the Schedule is, as of the date of the information, true, accurate and complete in every material respect.

(e) Payer Tax Representation . Each representation specified in the Schedule as being made by it for the purpose of this Section 3(e) is accurate and true.

(f) Payee Tax Representations . Each representation specified in the Schedule as being made by it for the purpose of this Section 3(f) is accurate and true.

4. Agreements

Each party agrees with the other that, so long as either party has or may have any obligation under this Agreement or under any Credit Support Document to which it is a party:—

(a) Furnish Specified Information . It will deliver to the other party or, in certain cases under subparagraph (iii) below, to such government or taxing authority as the other party reasonably directs:—

  • (i) any forms, documents or certificates relating to taxation specified in the Schedule or any Confirmation;

  • (ii) any other documents specified in the Schedule or any Confirmation; and

(iii) upon reasonable demand by such other party, any form or document that may be required or reasonably requested in writing in order to allow such other party or its Credit Support Provider to make a payment under this Agreement or any applicable Credit Support Document without any deduction or withholding for or on account of any Tax or with such deduction or withholding at a reduced rate (so long as the completion, execution or submission of such form or document would not materially prejudice the legal or commercial position of the party in receipt of such demand), with any such form or document to be accurate and completed in a manner reasonably satisfactory to such other party and to be executed and to be delivered with any reasonably required certification,

in each case by the date specified in the Schedule or such Confirmation or, if none is specified, as soon as reasonably practicable.

(b) Maintain Authorisations . It will use all reasonable efforts to maintain in full force and effect all consents of any governmental or other authority that are required to be obtained by it with respect to this Agreement or any Credit Support Document to which it is a party and will use all reasonable efforts to obtain any that may become necessary in the future.

(c) Comply with Laws . It will comply in all material respects with all applicable laws and orders to which it may be subject if failure so to comply would materially impair its ability to perform its obligations under this Agreement or any Credit Support Document to which it is a party.

(d) Tax Agreement . It will give notice of any failure of a representation made by it under Section 3(f) to be accurate and true promptly upon learning of such failure.

(e) Payment of Stamp Tax . Subject to Section 11, it will pay any Stamp Tax levied or imposed upon it or in respect of its execution or performance of this Agreement by a jurisdiction in which it is incorporated,

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organised, managed and controlled, or considered to have its seat, or in which a branch or office through which it is acting for the purpose of this Agreement is located (“Stamp Tax Jurisdiction”) and will indemnify the other party against any Stamp Tax levied or imposed upon the other party or in respect of the other party’s execution or performance of this Agreement by any such Stamp Tax Jurisdiction which is not also a Stamp Tax Jurisdiction with respect to the other party.

5. Events of Default and Termination Events

(a) Events of Default . The occurrence at any time with respect to a party or, if applicable, any Credit Support Provider of such party or any Specified Entity of such party of any of the following events constitutes an event of default (an “Event of Default”) with respect to such party:—

(i) Failure to Pay or Deliver . Failure by the party to make, when due, any payment under this Agreement or delivery under Section 2(a)(i) or 2(e) required to be made by it if such failure is not remedied on or before the third Local Business Day after notice of such failure is given to the party;

(ii) Breach of Agreement . Failure by the party to comply with or perform any agreement or obligation (other than an obligation to make any payment under this Agreement or delivery under Section 2(a)(i) or 2(e) or to give notice of a Termination Event or any agreement or obligation under Section 4(a)(i), 4(a)(iii) or 4(d)) to be complied with or performed by the party in accordance with this Agreement if such failure is not remedied on or before the thirtieth day after notice of such failure is given to the party;

(iii) Credit Support Default .

(1) Failure by the party or any Credit Support Provider of such party to comply with or perform any agreement or obligation to be complied with or performed by it in accordance with any Credit Support Document if such failure is continuing after any applicable grace period has elapsed;

(2) the expiration or termination of such Credit Support Document or the failing or ceasing of such Credit Support Document to be in full force and effect for the purpose of this Agreement (in either case other than in accordance with its terms) prior to the satisfaction of all obligations of such party under each Transaction to which such Credit Support Document relates without the written consent of the other party; or

(3) the party or such Credit Support Provider disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, such Credit Support Document;

(iv) Misrepresentation. A representation (other than a representation under Section 3(e) or (f)) made or repeated or deemed to have been made or repeated by the party or any Credit Support Provider of such party in this Agreement or any Credit Support Document proves to have been incorrect or misleading in any material respect when made or repeated or deemed to have been made or repeated;

(v) Default under Specified Transaction . The party, any Credit Support Provider of such party or any applicable Specified Entity of such party (1) defaults under a Specified Transaction and, after giving effect to any applicable notice requirement or grace period, there occurs a liquidation of, an acceleration of obligations under, or an early termination of, that Specified Transaction, (2) defaults, after giving effect to any applicable notice requirement or grace period, in making any payment or delivery due on the last payment, delivery or exchange date of, or any payment on early termination of, a Specified Transaction (or such default continues for at least three Local Business Days if there is no applicable notice requirement or grace period) or (3) disaffirms, disclaims, repudiates or rejects, in whole or in part, a Specified Transaction (or such action is taken by any person or entity appointed or empowered to operate it or act on its behalf);

(vi) Cross Default . If “Cross Default” is specified in the Schedule as applying to the party, the occurrence or existence of (1) a default, event of default or other similar condition or event (however

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described) in respect of such party, any Credit Support Provider of such party or any applicable Specified Entity of such party under one or more agreements or instruments relating to Specified Indebtedness of any of them (individually or collectively) in an aggregate amount of not less than the applicable Threshold Amount (as specified in the Schedule) which has resulted in such Specified Indebtedness becoming, or becoming capable at such time of being declared, due and payable under such agreements or instruments, before it would otherwise have been due and payable or (2) a default by such party, such Credit Support Provider or such Specified Entity (individually or collectively) in making one or more payments on the due date thereof in an aggregate amount of not less than the applicable Threshold Amount under such agreements or instruments (after giving effect to any applicable notice requirement or grace period);

(vii) Bankruptcy . The party, any Credit Support Provider of such party or any applicable Specified Entity of such party: —

  • (1) is dissolved (other than pursuant to a consolidation, amalgamation or merger); (2) becomes insolvent or is unable to pay its debts or fails or admits in writing its inability generally to pay its debts as they become due; (3) makes a general assignment, arrangement or composition with or for the benefit of its creditors; (4) institutes or has instituted against it a proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditors’ rights, or a petition is presented for its winding-up or liquidation, and, in the case of any such proceeding or petition instituted or presented against it, such proceeding or petition (A) results in a judgment of insolvency or bankruptcy or the entry of an order for relief or the making of an order for its winding-up or liquidation or (B) is not dismissed, discharged, stayed or restrained in each case within 30 days of the institution or presentation thereof; (5) has a resolution passed for its winding-up, official management or liquidation (other than pursuant to a consolidation, amalgamation or merger); (6) seeks or becomes subject to the appointment of an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar official for it or for all or substantially all its assets; (7) has a secured party take possession of all or substantially all its assets or has a distress, execution, attachment, sequestration or other legal process levied, enforced or sued on or against all or substantially all its assets and such secured party maintains possession, or any such process is not dismissed, discharged, stayed or restrained, in each case within 30 days thereafter; (8) causes or is subject to any event with respect to it which, under the applicable laws of any jurisdiction, has an analogous effect to any of the events specified in clauses (1) to (7) (inclusive); or (9) takes any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the foregoing acts; or

(viii) Merger Without Assumption . The party or any Credit Support Provider of such party consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets to, another entity and, at the time of such consolidation, amalgamation, merger or transfer: —

  • (1) the resulting, surviving or transferee entity fails to assume all the obligations of such party or such Credit Support Provider under this Agreement or any Credit Support Document to which it or its predecessor was a party by operation of law or pursuant to an agreement reasonably satisfactory to the other party to this Agreement; or

  • (2) the benefits of any Credit Support Document fail to extend (without the consent of the other party) to the performance by such resulting, surviving or transferee entity of its obligations under this Agreement.

(b) Termination Events . The occurrence at any time with respect to a party or, if applicable, any Credit Support Provider of such party or any Specified Entity of such party of any event specified below constitutes an Illegality if the event is specified in (i) below, a Tax Event if the event is specified in (ii) below or a Tax Event Upon Merger if the event is specified in (iii) below, and, if specified to be applicable, a Credit Event

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Upon Merger if the event is specified pursuant to (iv) below or an Additional Termination Event if the event is specified pursuant to (v) below:—

(i) Illegality . Due to the adoption of, or any change in, any applicable law after the date on which a Transaction is entered into, or due to the promulgation of, or any change in, the interpretation by any court, tribunal or regulatory authority with competent jurisdiction of any applicable law after such date, it becomes unlawful (other than as a result of a breach by the party of Section 4(b)) for such party (which will be the Affected Party): —

(1) to perform any absolute or contingent obligation to make a payment or delivery or to receive a payment or delivery in respect of such Transaction or to comply with any other material provision of this Agreement relating to such Transaction; or

(2) to perform, or for any Credit Support Provider of such party to perform, any contingent or other obligation which the party (or such Credit Support Provider) has under any Credit Support Document relating to such Transaction;

(ii) Tax Event . Due to (x) any action taken by a taxing authority, or brought in a court of competent jurisdiction, on or after the date on which a Transaction is entered into (regardless of whether such action is taken or brought with respect to a party to this Agreement) or (y) a Change in Tax Law, the party (which will be the Affected Party) will, or there is a substantial likelihood that it will, on the next succeeding Scheduled Payment Date (1) be required to pay to the other party an additional amount in respect of an Indemnifiable Tax under Section 2(d)(i)(4) (except in respect of interest under Section 2(e), 6(d)(ii) or 6(e)) or (2) receive a payment from which an amount is required to be deducted or withheld for or on account of a Tax (except in respect of interest under Section 2(e), 6(d)(ii) or 6(e)) and no additional amount is required to be paid in respect of such Tax under Section 2(d)(i)(4) (other than by reason of Section 2(d)(i)(4)(A) or (B));

(iii) Tax Event Upon Merger . The party (the “Burdened Party”) on the next succeeding Scheduled Payment Date will either (1) be required to pay an additional amount in respect of an Indemnifiable Tax under Section 2(d)(i)(4) (except in respect of interest under Section 2(e), 6(d)(ii) or 6(e)) or (2) receive a payment from which an amount has been deducted or withheld for or on account of any Indemnifiable Tax in respect of which the other party is not required to pay an additional amount (other than by reason of Section 2(d)(i)(4)(A) or (B)), in either case as a result of a party consolidating or amalgamating with, or merging with or into, or transferring all or substantially all its assets to, another entity (which will be the Affected Party) where such action does not constitute an event described in Section 5(a)(viii);

(iv) Credit Event Upon Merger . If “Credit Event Upon Merger” is specified in the Schedule as applying to the party, such party (“X”), any Credit Support Provider of X or any applicable Specified Entity of X consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets to, another entity and such action does not constitute an event described in Section 5(a)(viii) but the creditworthiness of the resulting, surviving or transferee entity is materially weaker than that of X, such Credit Support Provider or such Specified Entity, as the case may be, immediately prior to such action (and, in such event, X or its successor or transferee, as appropriate, will be the Affected Party); or

(v) Additional Termination Event . If any “Additional Termination Event” is specified in the Schedule or any Confirmation as applying, the occurrence of such event (and, in such event, the Affected Party or Affected Parties shall be as specified for such Additional Termination Event in the Schedule or such Confirmation).

(c) Event of Default and Illegality . If an event or circumstance which would otherwise constitute or give rise to an Event of Default also constitutes an Illegality, it will be treated as an Illegality and will not constitute an Event of Default.

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6. Early Termination

(a) Right to Terminate Following Event of Default . If at any time an Event of Default with respect to a party (the “Defaulting Party”) has occurred and is then continuing, the other party (the “Non-defaulting Party”) may, by not more than 20 days notice to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Transactions. If, however, “Automatic Early Termination” is specified in the Schedule as applying to a party, then an Early Termination Date in respect of all outstanding Transactions will occur immediately upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(1), (3), (5), (6) or, to the extent analogous thereto, (8), and as of the time immediately preceding the institution of the relevant proceeding or the presentation of the relevant petition upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(4) or, to the extent analogous thereto, (8).

(b) Right to Terminate Following Termination Event .

(i) Notice . If a Termination Event occurs, an Affected Party will, promptly upon becoming aware of it, notify the other party, specifying the nature of that Termination Event and each Affected Transaction and will also give such other information about that Termination Event as the other party may reasonably require.

(ii) Transfer to Avoid Termination Event . If either an Illegality under Section 5(b)(i)(1) or a Tax Event occurs and there is only one Affected Party, or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party, the Affected Party will, as a condition to its right to designate an Early Termination Date under Section 6(b)(iv), use all reasonable efforts (which will not require such party to incur a loss, excluding immaterial, incidental expenses) to transfer within 20 days after it gives notice under Section 6(b)(i) all its rights and obligations under this Agreement in respect of the Affected Transactions to another of its Offices or Affiliates so that such Termination Event ceases to exist.

If the Affected Party is not able to make such a transfer it will give notice to the other party to that effect within such 20 day period, whereupon the other party may effect such a transfer within 30 days after the notice is given under Section 6(b)(i).

Any such transfer by a party under this Section 6(b)(ii) will be subject to and conditional upon the prior written consent of the other party, which consent will not be withheld if such other party’s policies in effect at such time would permit it to enter into transactions with the transferee on the terms proposed.

(iii) Two Affected Parties . If an Illegality under Section 5(b)(i)(1) or a Tax Event occurs and there are two Affected Parties, each party will use all reasonable efforts to reach agreement within 30 days after notice thereof is given under Section 6(b)(i) on action to avoid that Termination Event.

(iv) Right to Terminate . If: —

(1) a transfer under Section 6(b)(ii) or an agreement under Section 6(b)(iii), as the case may be, has not been effected with respect to all Affected Transactions within 30 days after an Affected Party gives notice under Section 6(b)(i); or

(2) an Illegality under Section 5(b)(i)(2), a Credit Event Upon Merger or an Additional Termination Event occurs, or a Tax Event Upon Merger occurs and the Burdened Party is not the Affected Party,

either party in the case of an Illegality, the Burdened Party in the case of a Tax Event Upon Merger, any Affected Party in the case of a Tax Event or an Additional Termination Event if there is more than one Affected Party, or the party which is not the Affected Party in the case of a Credit Event Upon Merger or an Additional Termination Event if there is only one Affected Party may, by not more than 20 days notice to the other party and provided that the relevant Termination Event is then

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continuing, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all Affected Transactions.

(c) Effect of Designation.

(i) If notice designating an Early Termination Date is given under Section 6(a) or (b), the Early Termination Date will occur on the date so designated, whether or not the relevant Event of Default or Termination Event is then continuing.

(ii) Upon the occurrence or effective designation of an Early Termination Date, no further payments or deliveries under Section 2(a)(i) or 2(e) in respect of the Terminated Transactions will be required to be made, but without prejudice to the other provisions of this Agreement. The amount, if any, payable in respect of an Early Termination Date shall be determined pursuant to Section 6(e).

(d) Calculations.

(i) Statement . On or as soon as reasonably practicable following the occurrence of an Early Termination Date, each party will make the calculations on its part, if any, contemplated by Section 6(e) and will provide to the other party a statement (1) showing, in reasonable detail, such calculations (including all relevant quotations and specifying any amount payable under Section 6(e)) and (2) giving details of the relevant account to which any amount payable to it is to be paid. In the absence of written confirmation from the source of a quotation obtained in determining a Market Quotation, the records of the party obtaining such quotation will be conclusive evidence of the existence and accuracy of such quotation.

(ii) Payment Date . An amount calculated as being due in respect of any Early Termination Date under Section 6(e) will be payable on the day that notice of the amount payable is effective (in the case of an Early Termination Date which is designated or occurs as a result of an Event of Default) and on the day which is two Local Business Days after the day on which notice of the amount payable is effective (in the case of an Early Termination Date which is designated as a result of a Termination Event). Such amount will be paid together with (to the extent permitted under applicable law) interest thereon (before as well as after judgment) in the Termination Currency, from (and including) the relevant Early Termination Date to (but excluding) the date such amount is paid, at the Applicable Rate. Such interest will be calculated on the basis of daily compounding and the actual number of days elapsed.

(e) Payments on Early Termination . If an Early Termination Date occurs, the following provisions shall apply based on the parties’ election in the Schedule of a payment measure, either “Market Quotation” or “Loss”, and a payment method, either the “First Method” or the “Second Method”. If the parties fail to designate a payment measure or payment method in the Schedule, it will be deemed that “Market Quotation” or the “Second Method”, as the case may be, shall apply. The amount, if any, payable in respect of an Early Termination Date and determined pursuant to this Section will be subject to any Set-off.

  • (i) Events of Default . If the Early Termination Date results from an Event of Default: —

(1) First Method and Market Quotation . If the First Method and Market Quotation apply, the Defaulting Party will pay to the Non-defaulting Party the excess, if a positive number, of (A) the sum of the Settlement Amount (determined by the Non-defaulting Party) in respect of the Terminated Transactions and the Termination Currency Equivalent of the Unpaid Amounts owing to the Non-defaulting Party over (B) the Termination Currency Equivalent of the Unpaid Amounts owing to the Defaulting Party.

(2) First Method and Loss . If the First Method and Loss apply, the Defaulting Party will pay to the Non-defaulting Party, if a positive number, the Non-defaulting Party’s Loss in respect of this Agreement.

(3) Second Method and Market Quotation . If the Second Method and Market Quotation apply, an amount will be payable equal to (A) the sum of the Settlement Amount (determined by the

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Non-defaulting Party) in respect of the Terminated Transactions and the Termination Currency Equivalent of the Unpaid Amounts owing to the Non-defaulting Party less (B) the Termination Currency Equivalent of the Unpaid Amounts owing to the Defaulting Party. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

(4) Second Method and Loss . If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party’s Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

  • (ii) Termination Events . If the Early Termination Date results from a Termination Event: —

(1) One Affected Party . If there is one Affected Party, the amount payable will be determined in accordance with Section 6(e)(i)(3), if Market Quotation applies, or Section 6(e)(i)(4), if Loss applies, except that, in either case, references to the Defaulting Party and to the Non-defaulting Party will be deemed to be references to the Affected Party and the party which is not the Affected Party, respectively, and, if Loss applies and fewer than all the Transactions are being terminated, Loss shall be calculated in respect of all Terminated Transactions.

  • (2) Two Affected Parties . If there are two Affected Parties: —

(A) if Market Quotation applies, each party will determine a Settlement Amount in respect of the Terminated Transactions, and an amount will be payable equal to (I) the sum of (a) one-half of the difference between the Settlement Amount of the party with the higher Settlement Amount (“X”) and the Settlement Amount of the party with the lower Settlement Amount (“Y”) and (b) the Termination Currency Equivalent of the Unpaid Amounts owing to X less (II) the Termination Currency Equivalent of the Unpaid Amounts owing to Y; and

(B) if Loss applies, each party will determine its Loss in respect of this Agreement (or, if fewer than all the Transactions are being terminated, in respect of all Terminated Transactions) and an amount will be payable equal to one-half of the difference between the Loss of the party with the higher Loss (“X”) and the Loss of the party with the lower Loss (“Y”).

If the amount payable is a positive number, Y will pay it to X; if it is a negative number, X will pay the absolute value of that amount to Y.

(iii) Adjustment for Bankruptcy . In circumstances where an Early Termination Date occurs because “Automatic Early Termination” applies in respect of a party, the amount determined under this Section 6(e) will be subject to such adjustments as are appropriate and permitted by law to reflect any payments or deliveries made by one party to the other under this Agreement (and retained by such other party) during the period from the relevant Early Termination Date to the date for payment determined under Section 6(d)(ii).

(iv) Pre-Estimate . The parties agree that if Market Quotation applies an amount recoverable under this Section 6(e) is a reasonable pre-estimate of loss and not a penalty. Such amount is payable for the loss of bargain and the loss of protection against future risks and except as otherwise provided in this Agreement neither party will be entitled to recover any additional damages as a consequence of such losses.

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7. Transfer

Subject to Section 6(b)(ii), neither this Agreement nor any interest or obligation in or under this Agreement may be transferred (whether by way of security or otherwise) by either party without the prior written consent of the other party, except that: —

(a) a party may make such a transfer of this Agreement pursuant to a consolidation or amalgamation with, or merger with or into, or transfer of all or substantially all its assets to, another entity (but without prejudice to any other right or remedy under this Agreement); and

(b) a party may make such a transfer of all or any part of its interest in any amount payable to it from a Defaulting Party under Section 6(e).

Any purported transfer that is not in compliance with this Section will be void.

8. Contractual Currency

(a) Payment in the Contractual Currency . Each payment under this Agreement will be made in the relevant currency specified in this Agreement for that payment (the “Contractual Currency”). To the extent permitted by applicable law, any obligation to make payments under this Agreement in the Contractual Currency will not be discharged or satisfied by any tender in any currency other than the Contractual Currency, except to the extent such tender results in the actual receipt by the party to which payment is owed, acting in a reasonable manner and in good faith in converting the currency so tendered into the Contractual Currency, of the full amount in the Contractual Currency of all amounts payable in respect of this Agreement. If for any reason the amount in the Contractual Currency so received falls short of the amount in the Contractual Currency payable in respect of this Agreement, the party required to make the payment will, to the extent permitted by applicable law, immediately pay such additional amount in the Contractual Currency as may be necessary to compensate for the shortfall. If for any reason the amount in the Contractual Currency so received exceeds the amount in the Contractual Currency payable in respect of this Agreement, the party receiving the payment will refund promptly the amount of such excess.

(b) Judgments . To the extent permitted by applicable law, if any judgment or order expressed in a currency other than the Contractual Currency is rendered (i) for the payment of any amount owing in respect of this Agreement, (ii) for the payment of any amount relating to any early termination in respect of this Agreement or (iii) in respect of a judgment or order of another court for the payment of any amount described in (i) or (ii) above, the party seeking recovery, after recovery in full of the aggregate amount to which such party is entitled pursuant to the judgment or order, will be entitled to receive immediately from the other party the amount of any shortfall of the Contractual Currency received by such party as a consequence of sums paid in such other currency and will refund promptly to the other party any excess of the Contractual Currency received by such party as a consequence of sums paid in such other currency if such shortfall or such excess arises or results from any variation between the rate of exchange at which the Contractual Currency is converted into the currency of the judgment or order for the purposes of such judgment or order and the rate of exchange at which such party is able, acting in a reasonable manner and in good faith in converting the currency received into the Contractual Currency, to purchase the Contractual Currency with the amount of the currency of the judgment or order actually received by such party. The term “rate of exchange” includes, without limitation, any premiums and costs of exchange payable in connection with the purchase of or conversion into the Contractual Currency.

(c) Separate Indemnities . To the extent permitted by applicable law, these indemnities constitute separate and independent obligations from the other obligations in this Agreement, will be enforceable as separate and independent causes of action, will apply notwithstanding any indulgence granted by the party to which any payment is owed and will not be affected by judgment being obtained or claim or proof being made for any other sums payable in respect of this Agreement.

(d) Evidence of Loss . For the purpose of this Section 8, it will be sufficient for a party to demonstrate that it would have suffered a loss had an actual exchange or purchase been made.

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9. Miscellaneous

(a) Entire Agreement . This Agreement constitutes the entire agreement and understanding of the parties with respect to its subject matter and supersedes all oral communication and prior writings with respect thereto.

(b) Amendments . No amendment, modification or waiver in respect of this Agreement will be effective unless in writing (including a writing evidenced by a facsimile transmission) and executed by each of the parties or confirmed by an exchange of telexes or electronic messages on an electronic messaging system.

(c) Survival of Obligations . Without prejudice to Sections 2(a)(iii) and 6(c)(ii), the obligations of the parties under this Agreement will survive the termination of any Transaction.

(d) Remedies Cumulative . Except as provided in this Agreement, the rights, powers, remedies and privileges provided in this Agreement are cumulative and not exclusive of any rights, powers, remedies and privileges provided by law.

(e) Counterparts and Confirmations .

(i) This Agreement (and each amendment, modification and waiver in respect of it) may be executed and delivered in counterparts (including by facsimile transmission), each of which will be deemed an original.

(ii) The parties intend that they are legally bound by the terms of each Transaction from the moment they agree to those terms (whether orally or otherwise). A Confirmation shall be entered into as soon as practicable and may be executed and delivered in counterparts (including by facsimile transmission) or be created by an exchange of telexes or by an exchange of electronic messages on an electronic messaging system, which in each case will be sufficient for all purposes to evidence a binding supplement to this Agreement. The parties will specify therein or through another effective means that any such counterpart, telex or electronic message constitutes a Confirmation.

(f) No Waiver of Rights . A failure or delay in exercising any right, power or privilege in respect of this Agreement will not be presumed to operate as a waiver, and a single or partial exercise of any right, power or privilege will not be presumed to preclude any subsequent or further exercise, of that right, power or privilege or the exercise of any other right, power or privilege.

(g) Headings . The headings used in this Agreement are for convenience of reference only and are not to affect the construction of or to be taken into consideration in interpreting this Agreement.

10. Offices; Multibranch Parties

(a) If Section 10(a) is specified in the Schedule as applying, each party that enters into a Transaction through an Office other than its head or home office represents to the other party that, notwithstanding the place of booking office or jurisdiction of incorporation or organisation of such party, the obligations of such party are the same as if it had entered into the Transaction through its head or home office. This representation will be deemed to be repeated by such party on each date on which a Transaction is entered into.

(b) Neither party may change the Office through which it makes and receives payments or deliveries for the purpose of a Transaction without the prior written consent of the other party.

(c) If a party is specified as a Multibranch Party in the Schedule, such Multibranch Party may make and receive payments or deliveries under any Transaction through any Office listed in the Schedule, and the Office through which it makes and receives payments or deliveries with respect to a Transaction will be specified in the relevant Confirmation.

11. Expenses

A Defaulting Party will, on demand, indemnify and hold harmless the other party for and against all reasonable out-of-pocket expenses, including legal fees and Stamp Tax, incurred by such other party by reason of the enforcement and protection of its rights under this Agreement or any Credit Support Document

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to which the Defaulting Party is a party or by reason of the early termination of any Transaction, including, but not limited to, costs of collection.

12. Notices

(a) Effectiveness . Any notice or other communication in respect of this Agreement may be given in any manner set forth below (except that a notice or other communication under Section 5 or 6 may not be given by facsimile transmission or electronic messaging system) to the address or number or in accordance with the electronic messaging system details provided (see the Schedule) and will be deemed effective as indicated:—

  • (i) if in writing and delivered in person or by courier, on the date it is delivered;

  • (ii) if sent by telex, on the date the recipient’s answerback is received;

(iii) if sent by facsimile transmission, on the date that transmission is received by a responsible employee of the recipient in legible form (it being agreed that the burden of proving receipt will be on the sender and will not be met by a transmission report generated by the sender’s facsimile machine);

(iv) if sent by certified or registered mail (airmail, if overseas) or the equivalent (return receipt requested), on the date that mail is delivered or its delivery is attempted; or

(v) if sent by electronic messaging system, on the date that electronic message is received,

unless the date of that delivery (or attempted delivery) or that receipt, as applicable, is not a Local Business Day or that communication is delivered (or attempted) or received, as applicable, after the close of business on a Local Business Day, in which case that communication shall be deemed given and effective on the first following day that is a Local Business Day.

(b) Change of Addresses . Either party may by notice to the other change the address, telex or facsimile number or electronic messaging system details at which notices or other communications are to be given to it.

13. Governing Law and Jurisdiction

(a) Governing Law . This Agreement will be governed by and construed in accordance with the law specified in the Schedule.

(b) Jurisdiction . With respect to any suit, action or proceedings relating to this Agreement (“Proceedings”), each party irrevocably:—

(i) submits to the jurisdiction of the English courts, if this Agreement is expressed to be governed by English law, or to the non-exclusive jurisdiction of the courts of the State of New York and the United States District Court located in the Borough of Manhattan in New York City, if this Agreement is expressed to be governed by the laws of the State of New York; and

(ii) waives any objection which it may have at any time to the laying of venue of any Proceedings brought in any such court, waives any claim that such Proceedings have been brought in an inconvenient forum and further waives the right to object, with respect to such Proceedings, that such court does not have any jurisdiction over such party.

Nothing in this Agreement precludes either party from bringing Proceedings in any other jurisdiction (outside, if this Agreement is expressed to be governed by English law, the Contracting States, as defined in Section 1(3) of the Civil Jurisdiction and Judgments Act 1982 or any modification, extension or re-enactment thereof for the time being in force) nor will the bringing of Proceedings in any one or more jurisdictions preclude the bringing of Proceedings in any other jurisdiction.

(c) Service of Process . Each party irrevocably appoints the Process Agent (if any) specified opposite its name in the Schedule to receive, for it and on its behalf, service of process in any Proceedings. If for any

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reason any party’s Process Agent is unable to act as such, such party will promptly notify the other party and within 30 days appoint a substitute process agent acceptable to the other party. The parties irrevocably consent to service of process given in the manner provided for notices in Section 12. Nothing in this Agreement will affect the right of either party to serve process in any other manner permitted by law.

(d) Waiver of Immunities . Each party irrevocably waives, to the fullest extent permitted by applicable law, with respect to itself and its revenues and assets (irrespective of their use or intended use), all immunity on the grounds of sovereignty or other similar grounds from (i) suit, (ii) jurisdiction of any court, (iii) relief by way of injunction, order for specific performance or for recovery of property, (iv) attachment of its assets (whether before or after judgment) and (v) execution or enforcement of any judgment to which it or its revenues or assets might otherwise be entitled in any Proceedings in the courts of any jurisdiction and irrevocably agrees, to the extent permitted by applicable law, that it will not claim any such immunity in any Proceedings.

14. Definitions

As used in this Agreement:—

“Additional Termination Event” has the meaning specified in Section 5(b).

“Affected Party” has the meaning specified in Section 5(b).

“Affected Transactions” means (a) with respect to any Termination Event consisting of an Illegality, Tax Event or Tax Event Upon Merger, all Transactions affected by the occurrence of such Termination Event and (b) with respect to any other Termination Event, all Transactions.

“Affiliate” means, subject to the Schedule, in relation to any person, any entity controlled, directly or indirectly, by the person, any entity that controls, directly or indirectly, the person or any entity directly or indirectly under common control with the person. For this purpose, “control” of any entity or person means ownership of a majority of the voting power of the entity or person.

“Applicable Rate” means:—

(a) in respect of obligations payable or deliverable (or which would have been but for Section 2(a)(iii)) by a Defaulting Party, the Default Rate;

(b) in respect of an obligation to pay an amount under Section 6(e) of either party from and after the date (determined in accordance with Section 6(d)(ii)) on which that amount is payable, the Default Rate;

(c) in respect of all other obligations payable or deliverable (or which would have been but for Section 2(a)(iii)) by a Non-defaulting Party, the Non-default Rate; and

(d) in all other cases, the Termination Rate.

“Burdened Party” has the meaning specified in Section 5(b).

“Change in Tax Law” means the enactment, promulgation, execution or ratification of, or any change in or amendment to, any law (or in the application or official interpretation of any law) that occurs on or after the date on which the relevant Transaction is entered into.

“consent” includes a consent, approval, action, authorisation, exemption, notice, filing, registration or exchange control consent.

“Credit Event Upon Merger” has the meaning specified in Section 5(b).

“Credit Support Document” means any agreement or instrument that is specified as such in this Agreement.

“Credit Support Provider” has the meaning specified in the Schedule.

“Default Rate” means a rate per annum equal to the cost (without proof or evidence of any actual cost) to the relevant payee (as certified by it) if it were to fund or of funding the relevant amount plus 1% per annum.

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“Defaulting Party” has the meaning specified in Section 6(a).

“Early Termination Date” means the date determined in accordance with Section 6(a) or 6(b)(iv).

“Event of Default” has the meaning specified in Section 5(a) and, if applicable, in the Schedule.

“Illegality” has the meaning specified in Section 5(b).

“Indemnifiable Tax” means any Tax other than a Tax that would not be imposed in respect of a payment under this Agreement but for a present or former connection between the jurisdiction of the government or taxation authority imposing such Tax and the recipient of such payment or a person related to such recipient (including, without limitation, a connection arising from such recipient or related person being or having been a citizen or resident of such jurisdiction, or being or having been organised, present or engaged in a trade or business in such jurisdiction, or having or having had a permanent establishment or fixed place of business in such jurisdiction, but excluding a connection arising solely from such recipient or related person having executed, delivered, performed its obligations or received a payment under, or enforced, this Agreement or a Credit Support Document).

“law” includes any treaty, law, rule or regulation (as modified, in the case of tax matters, by the practice of any relevant governmental revenue authority) and “lawful” and “unlawful” will be construed accordingly.

“Local Business Day” means, subject to the Schedule, a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) (a) in relation to any obligation under Section 2(a)(i), in the place(s) specified in the relevant Confirmation or, if not so specified, as otherwise agreed by the parties in writing or determined pursuant to provisions contained, or incorporated by reference, in this Agreement, (b) in relation to any other payment, in the place where the relevant account is located and, if different, in the principal financial centre, if any, of the currency of such payment, (c) in relation to any notice or other communication, including notice contemplated under Section 5(a)(i), in the city specified in the address for notice provided by the recipient and, in the case of a notice contemplated by Section 2(b), in the place where the relevant new account is to be located and (d) in relation to Section 5(a)(v)(2), in the relevant locations for performance with respect to such Specified Transaction.

“Loss” means, with respect to this Agreement or one or more Terminated Transactions, as the case may be, and a party, the Termination Currency Equivalent of an amount that party reasonably determines in good faith to be its total losses and costs (or gain, in which case expressed as a negative number) in connection with this Agreement or that Terminated Transaction or group of Terminated Transactions, as the case may be, including any loss of bargain, cost of funding or, at the election of such party but without duplication, loss or cost incurred as a result of its terminating, liquidating, obtaining or reestablishing any hedge or related trading position (or any gain resulting from any of them). Loss includes losses and costs (or gains) in respect of any payment or delivery required to have been made (assuming satisfaction of each applicable condition precedent) on or before the relevant Early Termination Date and not made, except, so as to avoid duplication, if Section 6(e)(i)(1) or (3) or 6(e)(ii)(2)(A) applies. Loss does not include a party’s legal fees and out-of-pocket expenses referred to under Section 11. A party will determine its Loss as of the relevant Early Termination Date, or, if that is not reasonably practicable, as of the earliest date thereafter as is reasonably practicable. A party may (but need not) determine its Loss by reference to quotations of relevant rates or prices from one or more leading dealers in the relevant markets.

“Market Quotation” means, with respect to one or more Terminated Transactions and a party making the determination, an amount determined on the basis of quotations from Reference Market-makers. Each quotation will be for an amount, if any, that would be paid to such party (expressed as a negative number) or by such party (expressed as a positive number) in consideration of an agreement between such party (taking into account any existing Credit Support Document with respect to the obligations of such party) and the quoting Reference Market-maker to enter into a transaction (the “Replacement Transaction”) that would have the effect of preserving for such party the economic equivalent of any payment or delivery (whether the underlying obligation was absolute or contingent and assuming the satisfaction of each applicable condition precedent) by the parties under Section 2(a)(i) in respect of such Terminated Transaction or group of Terminated Transactions that would, but for the occurrence of the relevant Early Termination Date, have

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been required after that date. For this purpose, Unpaid Amounts in respect of the Terminated Transaction or group of Terminated Transactions are to be excluded but, without limitation, any payment or delivery that would, but for the relevant Early Termination Date, have been required (assuming satisfaction of each applicable condition precedent) after that Early Termination Date is to be included. The Replacement Transaction would be subject to such documentation as such party and the Reference Market-maker may, in good faith, agree. The party making the determination (or its agent) will request each Reference Market-maker to provide its quotation to the extent reasonably practicable as of the same day and time (without regard to different time zones) on or as soon as reasonably practicable after the relevant Early Termination Date. The day and time as of which those quotations are to be obtained will be selected in good faith by the party obliged to make a determination under Section 6(e), and, if each party is so obliged, after consultation with the other. If more than three quotations are provided, the Market Quotation will be the arithmetic mean of the quotations, without regard to the quotations having the highest and lowest values. If exactly three such quotations are provided, the Market Quotation will be the quotation remaining after disregarding the highest and lowest quotations. For this purpose, if more than one quotation has the same highest value or lowest value, then one of such quotations shall be disregarded. If fewer than three quotations are provided, it will be deemed that the Market Quotation in respect of such Terminated Transaction or group of Terminated Transactions cannot be determined.

“Non-default Rate” means a rate per annum equal to the cost (without proof or evidence of any actual cost) to the Non-defaulting Party (as certified by it) if it were to fund the relevant amount.

“Non-defaulting Party” has the meaning specified in Section 6(a).

“Office” means a branch or office of a party, which may be such party’s head or home office.

“Potential Event of Default” means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

“Reference Market-makers” means four leading dealers in the relevant market selected by the party determining a Market Quotation in good faith (a) from among dealers of the highest credit standing which satisfy all the criteria that such party applies generally at the time in deciding whether to offer or to make an extension of credit and (b) to the extent practicable, from among such dealers having an office in the same city.

“Relevant Jurisdiction” means, with respect to a party, the jurisdictions (a) in which the party is incorporated, organised, managed and controlled or considered to have its seat, (b) where an Office through which the party is acting for purposes of this Agreement is located, (c) in which the party executes this Agreement and (d) in relation to any payment, from or through which such payment is made.

“Scheduled Payment Date” means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

“Set-off” means set-off, offset, combination of accounts, right of retention or withholding or similar right or requirement to which the payer of an amount under Section 6 is entitled or subject (whether arising under this Agreement, another contract, applicable law or otherwise) that is exercised by, or imposed on, such payer.

“Settlement Amount” means, with respect to a party and any Early Termination Date, the sum of: —

(a) the Termination Currency Equivalent of the Market Quotations (whether positive or negative) for each Terminated Transaction or group of Terminated Transactions for which a Market Quotation is determined; and

(b) such party’s Loss (whether positive or negative and without reference to any Unpaid Amounts) for each Terminated Transaction or group of Terminated Transactions for which a Market Quotation cannot be determined or would not (in the reasonable belief of the party making the determination) produce a commercially reasonable result.

“Specified Entity” has the meanings specified in the Schedule.

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“Specified Indebtedness” means, subject to the Schedule, any obligation (whether present or future, contingent or otherwise, as principal or surety or otherwise) in respect of borrowed money.

“Specified Transaction” means, subject to the Schedule, (a) any transaction (including an agreement with respect thereto) now existing or hereafter entered into between one party to this Agreement (or any Credit Support Provider of such party or any applicable Specified Entity of such party) and the other party to this Agreement (or any Credit Support Provider of such other party or any applicable Specified Entity of such other party) which is a rate swap transaction, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any other similar transaction (including any option with respect to any of these transactions), (b) any combination of these transactions and (c) any other transaction identified as a Specified Transaction in this Agreement or the relevant confirmation.

“Stamp Tax” means any stamp, registration, documentation or similar tax.

“Tax” means any present or future tax, levy, impost, duty, charge, assessment or fee of any nature (including interest, penalties and additions thereto) that is imposed by any government or other taxing authority in respect of any payment under this Agreement other than a stamp, registration, documentation or similar tax.

  • “Tax Event” has the meaning specified in Section 5(b).

“Tax Event Upon Merger” has the meaning specified in Section 5(b).

“Terminated Transactions” means with respect to any Early Termination Date (a) if resulting from a Termination Event, all Affected Transactions and (b) if resulting from an Event of Default, all Transactions (in either case) in effect immediately before the effectiveness of the notice designating that Early Termination Date (or, if “Automatic Early Termination” applies, immediately before that Early Termination Date).

“Termination Currency” has the meaning specified in the Schedule.

“Termination Currency Equivalent” means, in respect of any amount denominated in the Termination Currency, such Termination Currency amount and, in respect of any amount denominated in a currency other than the Termination Currency (the “Other Currency”), the amount in the Termination Currency determined by the party making the relevant determination as being required to purchase such amount of such Other Currency as at the relevant Early Termination Date, or, if the relevant Market Quotation or Loss (as the case may be), is determined as of a later date, that later date, with the Termination Currency at the rate equal to the spot exchange rate of the foreign exchange agent (selected as provided below) for the purchase of such Other Currency with the Termination Currency at or about 11:00 a.m. (in the city in which such foreign exchange agent is located) on such date as would be customary for the determination of such a rate for the purchase of such Other Currency for value on the relevant Early Termination Date or that later date. The foreign exchange agent will, if only one party is obliged to make a determination under Section 6(e), be selected in good faith by that party and otherwise will be agreed by the parties.

“Termination Event” means an Illegality, a Tax Event or a Tax Event Upon Merger or, if specified to be applicable, a Credit Event Upon Merger or an Additional Termination Event.

“Termination Rate” means a rate per annum equal to the arithmetic mean of the cost (without proof or evidence of any actual cost) to each party (as certified by such party) if it were to fund or of funding such amounts.

“Unpaid Amounts” owing to any party means, with respect to an Early Termination Date, the aggregate of (a) in respect of all Terminated Transactions, the amounts that became payable (or that would have become payable but for Section 2(a)(iii)) to such party under Section 2(a)(i) on or prior to such Early Termination Date and which remain unpaid as at such Early Termination Date and (b) in respect of each Terminated Transaction, for each obligation under Section 2(a)(i) which was (or would have been but for Section 2(a)(iii)) required to be settled by delivery to such party on or prior to such Early Termination Date and which has not been so settled as at such Early Termination Date, an amount equal to the fair market

ISDA1992

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value of that which was (or would have been) required to be delivered as of the originally scheduled date for delivery, in each case together with (to the extent permitted under applicable law) interest, in the currency of such amounts, from (and including) the date such amounts or obligations were or would have been required to have been paid or performed to (but excluding) such Early Termination Date, at the Applicable Rate. Such amounts of interest will be calculated on the basis of daily compounding and the actual number of days elapsed. The fair market value of any obligation referred to in clause (b) above shall be reasonably determined by the party obliged to make the determination under Section 6(e) or, if each party is so obliged, it shall be the average of the Termination Currency Equivalents of the fair market values reasonably determined by both parties.

IN WITNESS WHEREOF the parties have executed this document on the respective dates specified below with effect from the date specified on the first page of this document.

............................................................................... ........................................................................ (Name of Party) (Name of Party) By: ............................................................................. By: ................................................................... Name: Name: Title: Title: Date: Date:

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(Multicurrency — Cross Border)

ISDA 

International Swap Dealers Association, Inc.

SCHEDULE to the Master Agreement

dated as of ........................................................................ between ........................................................................ and ............................................................................... (“Party A”) (“Party B”) Part 1. Termination Provisions. (a) “Specified Entity” means in relation to Party A for the purpose of: — Section 5(a)(v), ....................................................................................................................................... Section 5(a)(vi), ....................................................................................................................................... Section 5(a)(vii), ....................................................................................................................................... Section 5(b)(iv), ....................................................................................................................................... and in relation to Party B for the purpose of:— Section 5(a)(v), ..................................................................................................................................... Section 5(a)(vi), ..................................................................................................................................... Section 5(a)(vii), ..................................................................................................................................... Section 5(b)(iv), .....................................................................................................................................

(b) “Specified Transaction” will have the meaning specified in Section 14 of this Agreement unless another meaning is specified here ............................................................................................................ .................................................................................................................................................................... ....................................................................................................................................................................

  • (c) The “Cross Default” provisions of Section 5(a)(vi) will/will not * apply to Party A will/will not * apply to Party B

If such provisions apply:—

“Specified Indebtedness” will have the meaning specified in Section 14 of this Agreement unless

another meaning is specified here .............................................................................................................. ....................................................................................................................................................................

  • Delete as applicable.

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“Threshold Amount” means ............................................................................................................................

...........................................................................................................................................................................

  • (d) The “Credit Event Upon Merger” provisions of Section 5(b)(iv) will/will not * apply to Party A will/will not * apply to Party B

  • (e) The “Automatic Early Termination” provision of Section 6(a) will/will not * apply to Party A will/will not * apply to Party B

  • (f) Payments on Early Termination . For the purpose of Section 6(e) of this Agreement: —

  • (i) Market Quotation/Loss * will apply.

  • (ii) The First Method/The Second Method * will apply.

  • (g) “Termination Currency” means ......................................................... , if such currency is specified and freely available, and otherwise United States Dollars.

  • (h) Additional Termination Event will/will not apply*. The following shall constitute an Additional Termination Event: — .....................................................................................................................................

…………… ....................................................................................................................................................... ........................................................................................................................................................................... ........................................................................................................................................................................... ........................................................................................................................................................................... ...........................................................................................................................................................................

For the purpose of the foregoing Termination Event, the Affected Party or Affected Parties shall be: — ...

...........................................................................................................................................................................

Part 2. Tax Representations .

  • (a) Payer Representations . For the purpose of Section 3(e) of this Agreement, Party A will/will not make the following representation and Party B will/will not make the following representation: —

It is not required by any applicable law, as modified by the practice of any relevant governmental revenue authority, of any Relevant Jurisdiction to make any deduction or withholding for or on account of any Tax from any payment (other than interest under Section 2(e), 6(d)(ii) or 6(e) of this Agreement) to be made by it to the other party under this Agreement. In making this representation, it may rely on (i) the accuracy of any representations made by the other party pursuant to Section 3(f) of this Agreement, (ii) the satisfaction of the agreement contained in Section 4(a)(i) or 4(a)(iii) of this Agreement and the accuracy and effectiveness of any document provided by the other party pursuant to Section 4(a)(i) or 4(a)(iii) of this Agreement and (iii) the satisfaction of the agreement of the other party contained in Section 4(d) of this Agreement, provided that it shall not be a breach of this representation where reliance is placed on clause (ii) and the other party does not deliver a form or document under Section 4(a)(iii) by reason of material prejudice to its legal or commercial position.

  • (b) Payee Representations . For the purpose of Section 3(f) of this Agreement, Party A and Party B make the representations specified below, if any:

  • (i) The following representation will/will not* apply to Party A and will/will not apply to Party B: —

It is fully eligible for the benefits of the “Business Profits” or “Industrial and Commercial Profits” provision, as the case may be, the “Interest” provision or the “Other Income” provision (if any) of the Specified Treaty with respect to any payment described in such provisions and received or to be received

  • Delete as applicable.

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by it in connection with this Agreement and no such payment is attributable to a trade or business carried on by it through a permanent establishment in the Specified Jurisdiction.

If such representation applies, then: —

“Specified Treaty” means with respect to Party A

..............................................................................................

“Specified Jurisdiction” means with respect to Party A ......................................................................................

“Specified Treaty” means with respect to Party B .............................................................................................. “Specified Jurisdiction” means with respect to Party B ......................................................................................

(ii) The following representation will/will not apply to Party A and will/will not apply to Party B: —

Each payment received or to be received by it in connection with this Agreement will be effectively connected with its conduct of a trade or business in the Specified Jurisdiction.

If such representation applies, then: —

“Specified Jurisdiction” means with respect to Party A ...................................................................................... “Specified Jurisdiction” means with respect to Party B ......................................................................................

(iii) The following representation will/will not apply to Party A and will/will not apply to Party B: —

(A) It is entering into each Transaction in the ordinary course of its trade as, and is, either (1) a recognised U.K. bank or (2) a recognised U.K. swaps dealer (in either case (1) or (2), for purposes of the United Kingdom Inland Revenue extra statutory concession C17 on interest and currency swaps dated March 14, 1989), and (B) it will bring into account payments made and received in respect of each Transaction in computing its income for United Kingdom tax purposes.

(iv) Other Payee Representations: — ........................................................................................................

............................................................................................................................................................... ............................................................................................................................................................... ...............................................................................................................................................................

N.B. The above representations may need modification if either party is a Multibranch Party.

  • Delete as applicable.

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Part 3. Agreement to Deliver Documents .

For the purpose of Sections 4(a)(i) and (ii) of this Agreement, each party agrees to deliver the following documents, as applicable: —

  • (a) Tax forms, documents or certificates to be delivered are: —

Party required to Form/Document/ Date by which deliver document Certificate to be delivered ..................................... .............................................................. .............................................................. ..................................... .............................................................. .............................................................. ..................................... .............................................................. .............................................................. ..................................... .............................................................. .............................................................. ..................................... .............................................................. ..............................................................

  • (b) Other documents to be delivered are: —

Party required to Form/Document/ Date by which Covered by deliver document Certificate to be delivered Section 3(d) Representation ................................. ............................................................ ........................................... Yes/No ................................. ............................................................ ........................................... Yes/No ................................. ............................................................ ........................................... Yes/No ................................. ............................................................ ........................................... Yes/No ................................. ............................................................ ........................................... Yes/No*

Part 4. Miscellaneous.

  • (a) Addresses for Notices . For the purpose of Section 12(a) of this Agreement: —
Address for notices or communications to Party A: —
Address:
...................................................................................................................................................
Attention: ...................................................................................................................................................
Telex No.: ........................................................................
Answerback: ...............................................
Facsimile No.: ..................................................................
Telephone No: ..............................................
Electronic Messaging System Details: ........................................................................................................
Address for notices or communications to Party B: —
Address:
...................................................................................................................................................
Attention: ...................................................................................................................................................
Telex No.: ........................................................................
Answerback: ...............................................
  • Delete as applicable.

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Facsimile No.: ................................................................... Telephone No.: ................................................ Electronic Messaging System Details: ............................................................................................................

  • (b) Process Agent. For the purpose of Section 13(c) of this Agreement: —

Party A appoints as its Process Agent ............................................................................................................

Party B appoints as its Process Agent ............................................................................................................

  • (c) Offices. The provisions of Section 10(a) will/will not* apply to this Agreement.

  • (d) Multibranch Party . For the purpose of Section 10(c) of this Agreement: —

Party A is/is not* a Multibranch Party and, if so, may act through the following Offices: —

……………………………… ……………………………… ……………………………………..

……………………………… ……………………………… ……………………………………..

Party B is/is not* a Multibranch Party and, if so, may act through the following Offices: —

……………………………… ……………………………… ……………………………………..

……………………………… ……………………………… ……………………………………..

  • (e) Calculation Agent . The Calculation Agent is ……………………………………………., unless otherwise specified in a Confirmation in relation to the relevant Transaction.

  • (f) Credit Support Document . Details of any Credit Support Document: — …………………………………..

………………………………………………………………………………………………………………...

………………………………………………………………………………………………………………...

………………………………………………………………………………………………………………...

  • (g) Credit Support Provider . Credit Support Provider means in relation to Party A, …………………………...

………………………………………………………………………………………………………………...

………………………………………………………………………………………………………………...

Credit Support Provider means in relation to Party B, ……………………………………………………….

………………………………………………………………………………………………………………...

………………………………………………………………………………………………………………...

  • (h) Governing Law . This Agreement will be governed by and construed in accordance with English law/the laws of the State of New York (without reference to choice of law doctrine) *.
  • Delete as applicable.

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  • (i) Netting of Payments . Subparagraph (ii) of Section 2(c) of this Agreement will not apply to the

following Transactions or groups of Transactions (in each case starting from the date of this

Agreement/in each case starting from ……………………………… *) ………………………….……….

……………………………………………………………………………………………………………….

……………………………………………………………………………………………………………….

  • (j) “Affiliate” will have the meaning specified in Section 14 of this Agreement unless another meaning is specified here

……………………………………………………………………………………………………………….

……………………………………………………………………………………………………………….

Part 5. Other Provisions .

  • Delete as applicable.

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Annexure G

ISDA®

International Swaps and Derivatives Association, Inc.

2002 MASTER AGREEMENT

dated as of [To be specified at execution]

MORGAN STANLEY & CO. INTERNATIONAL PLC

and [Counterparty Name]

have entered and/or anticipate entering into one or more transactions (each a “Transaction”) that are or will be governed by this 2002 Master Agreement, which includes the schedule (the “Schedule”), and the documents and other confirming evidence (each a “Confirmation”) exchanged between the parties or otherwise effective for the purpose of confirming or evidencing those Transactions. This 2002 Master Agreement and the Schedule are together referred to as this “Master Agreement”.

Accordingly, the parties agree as follows:―

1. Interpretation

(a) Definitions. The terms defined in Section 14 and elsewhere in this Master Agreement will have the meanings therein specified for the purpose of this Master Agreement.

(b) Inconsistency . In the event of any inconsistency between the provisions of the Schedule and the other provisions of this Master Agreement, the Schedule will prevail. In the event of any inconsistency between the provisions of any Confirmation and this Master Agreement, such Confirmation will prevail for the purpose of the relevant Transaction.

(c) Single Agreement . All Transactions are entered into in reliance on the fact that this Master Agreement and all Confirmations form a single agreement between the parties (collectively referred to as this “Agreement”), and the parties would not otherwise enter into any Transactions.

2. Obligations

(a) General Conditions .

(i) Each party will make each payment or delivery specified in each Confirmation to be made by it, subject to the other provisions of this Agreement.

(ii) Payments under this Agreement will be made on the due date for value on that date in the place of the account specified in the relevant Confirmation or otherwise pursuant to this Agreement, in freely transferable funds and in the manner customary for payments in the required currency. Where settlement is by delivery (that is, other than by payment), such delivery will be made for receipt on the due date in the manner customary for the relevant obligation unless otherwise specified in the relevant Confirmation or elsewhere in this Agreement.

Copyright © 2002 by International Swaps and Derivatives Association, Inc.

(iii) Each obligation of each party under Section 2(a)(i) is subject to (1) the condition precedent that no Event of Default or Potential Event of Default with respect to the other party has occurred and is continuing, (2) the condition precedent that no Early Termination Date in respect of the relevant Transaction has occurred or been effectively designated and (3) each other condition specified in this Agreement to be a condition precedent for the purpose of this Section 2(a)(iii).

(b) Change of Account. Either party may change its account for receiving a payment or delivery by giving notice to the other party at least five Local Business Days prior to the Scheduled Settlement Date for the payment or delivery to which such change applies unless such other party gives timely notice of a reasonable objection to such change.

(c) Netting of Payments . If on any date amounts would otherwise be payable:―

  • (i) in the same currency; and

  • (ii) in respect of the same Transaction,

by each party to the other, then, on such date, each party’s obligation to make payment of any such amount will be automatically satisfied and discharged and, if the aggregate amount that would otherwise have been payable by one party exceeds the aggregate amount that would otherwise have been payable by the other party, replaced by an obligation upon the party by which the larger aggregate amount would have been payable to pay to the other party the excess of the larger aggregate amount over the smaller aggregate amount.

The parties may elect in respect of two or more Transactions that a net amount and payment obligation will be determined in respect of all amounts payable on the same date in the same currency in respect of those Transactions, regardless of whether such amounts are payable in respect of the same Transaction. The election may be made in the Schedule or any Confirmation by specifying that “Multiple Transaction Payment Netting” applies to the Transactions identified as being subject to the election (in which case clause (ii) above will not apply to such Transactions). If Multiple Transaction Payment Netting is applicable to Transactions, it will apply to those Transactions with effect from the starting date specified in the Schedule or such Confirmation, or, if a starting date is not specified in the Schedule or such Confirmation, the starting date otherwise agreed by the parties in writing. This election may be made separately for different groups of Transactions and will apply separately to each pairing of Offices through which the parties make and receive payments or deliveries.

(d) Deduction or Withholding for Tax .

(i) Gross-Up . All payments under this Agreement will be made without any deduction or withholding for or on account of any Tax unless such deduction or withholding is required by any applicable law, as modified by the practice of any relevant governmental revenue authority, then in effect. If a party is so required to deduct or withhold, then that party (“X”) will―

  • (1) promptly notify the other party (“Y”) of such requirement;

(2) pay to the relevant authorities the full amount required to be deducted or withheld (including the full amount required to be deducted or withheld from any additional amount paid by X to Y under this Section 2(d)) promptly upon the earlier of determining that such deduction or withholding is required or receiving notice that such amount has been assessed against Y;

(3) promptly forward to Y an official receipt (or a certified copy), or other documentation reasonably acceptable to Y, evidencing such payment to such authorities; and

ISDA® 2002

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(4) if such Tax is an Indemnifiable Tax, pay to Y, in addition to the payment to which Y is otherwise entitled under this Agreement, such additional amount as is necessary to ensure that the net amount actually received by Y (free and clear of Indemnifiable Taxes, whether assessed against X or Y) will equal the full amount Y would have received had no such deduction or withholding been required. However, X will not be required to pay any additional amount to Y to the extent that it would not be required to be paid but for:―

  • (A) the failure by Y to comply with or perform any agreement contained in Section 4(a)(i), 4(a)(iii) or 4(d); or

(B) the failure of a representation made by Y pursuant to Section 3(f) to be accurate and true unless such failure would not have occurred but for (I) any action taken by a taxing authority, or brought in a court of competent jurisdiction, after a Transaction is entered into (regardless of whether such action is taken or brought with respect to a party to this Agreement) or (II) a Change in Tax Law.

  • (ii)

Liability . If:―

(1) X is required by any applicable law, as modified by the practice of any relevant governmental revenue authority, to make any deduction or withholding in respect of which X would not be required to pay an additional amount to Y under Section 2(d)(i)(4);

  • (2) X does not so deduct or withhold; and

  • (3) a liability resulting from such Tax is assessed directly against X,

then, except to the extent Y has satisfied or then satisfies the liability resulting from such Tax, Y will promptly pay to X the amount of such liability (including any related liability for interest, but including any related liability for penalties only if Y has failed to comply with or perform any agreement contained in Section 4(a)(i), 4(a)(iii) or 4(d)).

3. Representations

Each party makes the representations contained in Sections 3(a), 3(b), 3(c), 3(d), 3(e) and 3(f) and, if specified in the Schedule as applying, 3(g) to the other party (which representations will be deemed to be repeated by each party on each date on which a Transaction is entered into and, in the case of the representations in Section 3(f), at all times until the termination of this Agreement). If any “Additional Representation” is specified in the Schedule or any Confirmation as applying, the party or parties specified for such Additional Representation will make and, if applicable, be deemed to repeat such Additional Representation at the time or times specified for such Additional Representation.

(a) Basic Representations .

(i) Status . It is duly organised and validly existing under the laws of the jurisdiction of its organization or incorporation and, if relevant under such laws, in good standing;

(ii) Powers . It has the power to execute this Agreement and any other documentation relating to this Agreement to which it is a party, to deliver this Agreement and any other documentation relating to this Agreement that it is required by this Agreement to deliver and to perform its obligations under this Agreement and any obligations it has under any Credit Support Document to which it is a party and has taken all necessary action to authorize such execution, delivery and performance;

ISDA® 2002

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(iii) No Violation or Conflict . Such execution, delivery and performance do not violate or conflict with any law applicable to it, any provision of its constitutional documents, any order or judgment of any court or other agency of government applicable to it or any of its assets or any contractual restriction binding on or affecting it or any of its assets;

(iv) Consents . All governmental and other consents that are required to have been obtained by it with respect to this Agreement or any Credit Support Document to which it is a party have been obtained and are in full force and effect and all conditions of any such consents have been complied with; and

(v) Obligations Binding . Its obligations under this Agreement and any Credit Support Document to which it is a party constitute its legal, valid and binding obligations, enforceable in accordance with their respective terms (subject to applicable bankruptcy, reorganization, insolvency, moratorium or similar laws affecting creditors’ rights generally and subject, as to enforceability, to equitable principles of general application (regardless of whether enforcement is sought in a proceeding in equity or at law)).

(b) Absence of Certain Events . No Event of Default or Potential Event of Default or, to its knowledge, Termination Event with respect to it has occurred and is continuing and no such event or circumstance would occur as a result of its entering into or performing its obligations under this Agreement or any Credit Support Document to which it is a party.

(c) Absence of Litigation . There is not pending or, to its knowledge, threatened against it, any of its Credit Support Providers or any of its applicable Specified Entities any action, suit or proceeding at law or in equity or before any court, tribunal, governmental body, agency or official or any arbitrator that is likely to affect the legality, validity or enforceability against it of this Agreement or any Credit Support Document to which it is a party or its ability to perform its obligations under this Agreement or such Credit Support Document.

(d) Accuracy of Specified Information . All applicable information that is furnished in writing by or on behalf of it to the other party and is identified for the purpose of this Section 3(d) in the Schedule is, as of the date of the information, true, accurate and complete in every material respect.

(e) Payer Tax Representation . Each representation specified in the Schedule as being made by it for the purpose of this Section 3(e) is accurate and true.

(f) Payee Tax Representations . Each representation specified in the Schedule as being made by it for the purpose of this Section 3(f) is accurate and true.

(g) No Agency . It is entering into this Agreement, including each Transaction, as principal and not as agent of any person or entity.

4. Agreements

Each party agrees with the other that, so long as either party has or may have any obligation under this Agreement or under any Credit Support Document to which it is a party:―

(a) Furnish Specified Information. It will deliver to the other party or, in certain cases under clause (iii) below, to such government or taxing authority as the other party reasonably directs:―

(i) any forms, documents or certificates relating to taxation specified in the Schedule or any Confirmation;

(ii) any other documents specified in the Schedule or any Confirmation; and

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(iii) upon reasonable demand by such other party, any form or document that may be required or reasonably requested in writing in order to allow such other party or its Credit Support Provider to make a payment under this Agreement or any applicable Credit Support Document without any deduction or withholding for or on account of any Tax or with such deduction or withholding at a reduced rate (so long as the completion, execution or submission of such form or document would not materially prejudice the legal or commercial position of the party in receipt of such demand), with any such form or document to be accurate and completed in a manner reasonably satisfactory to such other party and to be executed and to be delivered with any reasonably required certification,

in each case by the date specified in the Schedule or such Confirmation or, if none is specified, as soon as reasonably practicable.

(b) Maintain Authorisations . It will use all reasonable efforts to maintain in full force and effect all consents of any governmental or other authority that are required to be obtained by it with respect to this Agreement or any Credit Support Document to which it is a party and will use all reasonable efforts to obtain any that may become necessary in the future.

(c) Comply With Laws . It will comply in all material respects with all applicable laws and orders to which it may be subject if failure so to comply would materially impair its ability to perform its obligations under this Agreement or any Credit Support Document to which it is a party.

(d) Tax Agreement . It will give notice of any failure of a representation made by it under Section 3(f) to be accurate and true promptly upon learning of such failure.

(e) Payment of Stamp Tax . Subject to Section 11, it will pay any Stamp Tax levied or imposed upon it or in respect of its execution or performance of this Agreement by a jurisdiction in which it is incorporated, organised, managed and controlled or considered to have its seat, or where an Office through which it is acting for the purpose of this Agreement is located (“Stamp Tax Jurisdiction”), and will indemnify the other party against any Stamp Tax levied or imposed upon the other party or in respect of the other party’s execution or performance of this Agreement by any such Stamp Tax Jurisdiction which is not also a Stamp Tax Jurisdiction with respect to the other party.

5. Events of Default and Termination Events

(a) Events of Default . The occurrence at any time with respect to a party or, if applicable, any Credit Support Provider of such party or any Specified Entity of such party of any of the following events constitutes (subject to Sections 5(c) and 6(e)(iv)) an event of default (an “Event of Default”) with respect to such party:―

(i) Failure to Pay or Deliver . Failure by the party to make, when due, any payment under this Agreement or delivery under Section 2(a)(i) or 9(h)(i)(2) or (4) required to be made by it if such failure is not remedied on or before the first Local Business Day in the case of any such payment or the first Local Delivery Day in the case of any such delivery after, in each case, notice of such failure is given to the party;

(ii) Breach of Agreement; Repudiation of Agreement .

(1) Failure by the party to comply with or perform any agreement or obligation (other than an obligation to make any payment under this Agreement or delivery under Section 2(a)(i) or 9(h)(i)(2) or (4) or to give notice of a Termination Event or any agreement or obligation under Section 4(a)(i), 4(a)(iii) or 4(d)) to be complied with or performed by the party in accordance with this Agreement if such failure is not remedied within 30 days after notice of such failure is given to the party; or

(2) the party disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, this Master Agreement, any Confirmation executed and delivered by that party or any

ISDA® 2002

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Transaction evidenced by such a Confirmation (or such action is taken by any person or entity appointed or empowered to operate it or act on its behalf);

(iii) Credit Support Default .

(1) Failure by the party or any Credit Support Provider of such party to comply with or perform any agreement or obligation to be complied with or performed by it in accordance with any Credit Support Document if such failure is continuing after any applicable grace period has elapsed;

(2) the expiration or termination of such Credit Support Document or the failing or ceasing of such Credit Support Document, or any security interest granted by such party or such Credit Support Provider to the other party pursuant to any such Credit Support Document, to be in full force and effect for the purpose of this Agreement (in each case other than in accordance with its terms) prior to the satisfaction of all obligations of such party under each Transaction to which such Credit Support Document relates without the written consent of the other party; or

(3) the party or such Credit Support Provider disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, such Credit Support Document (or such action is taken by any person or entity appointed or empowered to operate it or act on its behalf);

(iv) Misrepresentation . A representation (other than a representation under Section 3(e) or 3(f)) made or repeated or deemed to have been made or repeated by the party or any Credit Support Provider of such party in this Agreement or any Credit Support Document proves to have been incorrect or misleading in any material respect when made or repeated or deemed to have been made or repeated;

(v) Default Under Specified Transaction . The party, any Credit Support Provider of such party or any applicable Specified Entity of such party:―

(1) defaults (other than by failing to make a delivery) under a Specified Transaction or any credit support arrangement relating to a Specified Transaction and, after giving effect to any applicable notice requirement or grace period, such default results in a liquidation of, an acceleration of obligations under, or an early termination of, that Specified Transaction;

(2) defaults, after giving effect to any applicable notice requirement or grace period, in making any payment due on the last payment or exchange date of, or any payment on early termination of, a Specified Transaction (or, if there is no applicable notice requirement or grace period, such default continues for at least one Local Business Day);

(3) defaults in making any delivery due under (including any delivery due on the last delivery or exchange date of) a Specified Transaction or any credit support arrangement relating to a Specified Transaction and, after giving effect to any applicable notice requirement or grace period, such default results in a liquidation of, an acceleration of obligations under, or an early termination of, all transactions outstanding under the documentation applicable to that Specified Transaction; or

(4) disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, a Specified Transaction or any credit support arrangement relating to a Specified Transaction that is, in either case, confirmed or evidenced by a document or other confirming evidence executed and delivered by that party, Credit Support Provider or Specified Entity (or such action is taken by any person or entity appointed or empowered to operate it or act on its behalf);

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(vi) Cross-Default . If “Cross-Default” is specified in the Schedule as applying to the party, the occurrence or existence of:―

(1) a default, event of default or other similar condition or event (however described ) in respect of such party, any Credit Support Provider of such party or any applicable Specified Entity of such party under one or more agreements or instruments relating to Specified Indebtedness of any of them (individually or collectively) where the aggregate principal amount of such agreements or instruments, either alone or together with the amount, if any, referred to in clause (2) below, is not less than the applicable Threshold Amount (as specified in the Schedule) which has resulted in such Specified Indebtedness becoming, or becoming capable at such time of being declared, due and payable under such agreements or instruments before it would otherwise have been due and payable; or

(2) a default by such party, such Credit Support Provider or such Specified Entity (individually or collectively) in making one or more payments under such agreements or instruments on the due date for payment (after giving effect to any applicable notice requirement or grace period) in an aggregate amount, either alone or together with the amount, if any, referred to in clause (1) above, of not less than the applicable Threshold Amount;

(vii) Bankruptcy . The party, any Credit Support Provider of such party or any applicable Specified Entity of such party:―

(1) is dissolved (other than pursuant to a consolidation, amalgamation or merger); (2) becomes insolvent or is unable to pay its debts or fails or admits in writing its inability generally to pay its debts as they become due; (3) makes a general assignment, arrangement or composition with or for the benefit of its creditors; (4)(A) institutes or has instituted against it, by a regulator, supervisor or any similar official with primary insolvency, rehabilitative or regulatory jurisdiction over it in the jurisdiction of its incorporation or organization or the jurisdiction of its head or home office, a proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditors’ rights, or a petition is presented for its winding-up or liquidation by it or such regulator, supervisor or similar official, or (B) has instituted against it a proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditors’ rights, or a petition is presented for its winding-up or liquidation, and such proceeding or petition is instituted or presented by a person or entity not described in clause (A) above and either (I) results in a judgment of insolvency or bankruptcy or the entry of an order for relief or the making of an order for its winding-up or liquidation or (II) is not dismissed, discharged, stayed or restrained in each case within 15 days of the institution or presentation thereof; (5) has a resolution passed for its winding-up, official management or liquidation (other than pursuant to a consolidation, amalgamation or merger); (6) seeks or becomes subject to the appointment of an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar official for it or for all or substantially all its assets; (7) has a secured party take possession of all or substantially all its assets or has a distress, execution, attachment, sequestration or other legal process levied, enforced or sued on or against all or substantially all its assets and such secured party maintains possession, or any such process is not dismissed, discharged, stayed or restrained, in each case within 15 days thereafter; (8) causes or is subject to any event with respect to it which, under the applicable laws of any jurisdiction, has an analogous effect to any of the events specified in clauses (l) to (7) above (inclusive); or (9) takes any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the foregoing acts; or

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(viii) Merger Without Assumption . The party or any Credit Support Provider of such party consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets to, or reorganizes, reincorporates or reconstitutes into or as, another entity and, at the time of such consolidation, amalgamation, merger, transfer, reorganization, reincorporation or reconstitution:―

(1) the resulting, surviving or transferee entity fails to assume all the obligations of such party or such Credit Support Provider under this Agreement or any Credit Support Document to which it or its predecessor was a party; or

(2) the benefits of any Credit Support Document fail to extend (without the consent of the other party) to the performance by such resulting, surviving or transferee entity of its obligations under this Agreement.

(b) Termination Events . The occurrence at any time with respect to a party or, if applicable, any Credit Support Provider of such party or any Specified Entity of such party of any event specified below constitutes (subject to Section 5(c)) an Illegality if the event is specified in clause (i) below, a Force Majeure Event if the event is specified in clause (ii) below, a Tax Event if the event is specified in clause (iii) below, a Tax Event Upon Merger if the event is specified in clause (iv) below, and, if specified to be applicable, a Credit Event Upon Merger if the event is specified pursuant to clause (v) below or an Additional Termination Event if the event is specified pursuant to clause (vi) below:―

(i) Illegality . After giving effect to any applicable provision, disruption fallback or remedy specified in, or pursuant to, the relevant Confirmation or elsewhere in this Agreement, due to an event or circumstance (other than any action taken by a party or, if applicable, any Credit Support Provider of such party) occurring after a Transaction is entered into, it becomes unlawful under any applicable law (including without limitation the laws of any country in which payment, delivery or compliance is required by either party or any Credit Support Provider, as the case may be), on any day, or it would be unlawful if the relevant payment, delivery or compliance were required on that day (in each case, other than as a result of a breach by the party of Section 4(b)):―

(1) for the Office through which such party (which will be the Affected Party) makes and receives payments or deliveries with respect to such Transaction to perform any absolute or contingent obligation to make a payment or delivery in respect of such Transaction, to receive a payment or delivery in respect of such Transaction or to comply with any other material provision of this Agreement relating to such Transaction; or

(2) for such party or any Credit Support Provider of such party (which will be the Affected Party) to perform any absolute or contingent obligation to make a payment or delivery which such party or Credit Support Provider has under any Credit Support Document relating to such Transaction, to receive a payment or delivery under such Credit Support Document or to comply with any other material provision of such Credit Support Document;

(ii) Force Majeure Event . After giving effect to any applicable provision, disruption fallback or remedy specified in, or pursuant to, the relevant Confirmation or elsewhere in this Agreement, by reason of force majeure or act of state occurring after a Transaction is entered into, on any day:―

(1) the Office through which such party (which will be the Affected Party) makes and receives payments or deliveries with respect to such Transaction is prevented from performing any absolute or contingent obligation to make a payment or delivery in respect of such Transaction, from receiving a payment or delivery in respect of such Transaction or from complying with any other material provision of this Agreement relating to such Transaction (or would be so prevented if such payment, delivery or compliance were required on that day), or it becomes impossible or

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impracticable for such Office so to perform, receive or comply (or it would be impossible or impracticable for such Office so to perform, receive or comply if such payment, delivery or compliance were required on that day); or

(2) such party or any Credit Support Provider of such party (which will be the Affected Party) is prevented from performing any absolute or contingent obligation to make a payment or delivery which such party or Credit Support Provider has under any Credit Support Document relating to such Transaction, from receiving a payment or delivery under such Credit Support Document or from complying with any other material provision of such Credit Support Document (or would be so prevented if such payment, delivery or compliance were required on that day), or it becomes impossible or impracticable for such party or Credit Support Provider so to perform, receive or comply (or it would be impossible or impracticable for such party or Credit Support Provider so to perform, receive or comply if such payment, delivery or compliance were required on that day),

so long as the force majeure or act of state is beyond the control of such Office, such party or such Credit Support Provider, as appropriate, and such Office, party or Credit Support Provider could not, after using all reasonable efforts (which will not require such party or Credit Support Provider to incur a loss, other than immaterial, incidental expenses), overcome such prevention, impossibility or impracticability;

(iii) Tax Event . Due to (1) any action taken by a taxing authority, or brought in a court of competent jurisdiction, after a Transaction is entered into (regardless of whether such action is taken or brought with respect to a party to this Agreement) or (2) a Change in Tax Law, the party (which will be the Affected Party) will, or there is a substantial likelihood that it will, on the next succeeding Scheduled Settlement Date (A) be required to pay to the other party an additional amount in respect of an Indemnifiable Tax under Section 2(d)(i)(4) (except in respect of interest under Section 9(h)) or (B) receive a payment from which an amount is required to be deducted or withheld for or on account of a Tax (except in respect of interest under Section 9(h)) and no additional amount is required to be paid in respect of such Tax under Section 2(d)(i)(4) (other than by reason of Section 2(d)(i)(4)(A) or (B));

(iv) Tax Event Upon Merger . The party (the “Burdened Party”) on the next succeeding Scheduled Settlement Date will either (1) be required to pay an additional amount in respect of an Indemnifiable Tax under Section 2(d)(i)(4) (except in respect of interest under Section 9(h)) or (2) receive a payment from which an amount has been deducted or withheld for or on account of any Tax in respect of which the other party is not required to pay an additional amount (other than by reason of Section 2(d)(i)(4)(A) or (B)), in either case as a result of a party consolidating or amalgamating with, or merging with or into, or transferring all or substantially all its assets (or any substantial part of the assets comprising the business conducted by it as of the date of this Master Agreement) to, or reorganizing, reincorporating or reconstituting into or as, another entity (which will be the Affected Party) where such action does not constitute a Merger Without Assumption;

(v) Credit Event Upon Merger . If “Credit Event Upon Merger” is specified in the Schedule as applying to the party, a Designated Event (as defined below) occurs with respect to such party, any Credit Support Provider of such party or any applicable Specified Entity of such party (in each case, “X”) and such Designated Event does not constitute a Merger Without Assumption, and the creditworthiness of X or, if applicable, the successor, surviving or transferee entity of X, after taking into account any applicable Credit Support Document, is materially weaker immediately after the occurrence of such Designated Event than that of X immediately prior to the occurrence of such Designated Event (and, in any such event, such party or its successor, surviving or transferee entity, as appropriate, will be the Affected Party). A “Designated Event” with respect to X means that:―

(1) X consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets (or any substantial part of the assets comprising the business conducted by X as of the

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date of this Master Agreement) to, or reorganizes, reincorporates or reconstitutes into or as, another entity;

(2) any person, related group of persons or entity acquires directly or indirectly the beneficial ownership of (A) equity securities having the power to elect a majority of the board of directors (or its equivalent) of X or (B) any other ownership interest enabling it to exercise control of X; or

(3) X effects any substantial change in its capital structure by means of the issuance, incurrence or guarantee of debt or the issuance of (A) preferred stock or other securities convertible into or exchangeable for debt or preferred stock or (B) in the case of entities other than corporations, any other form of ownership interest; or

(vi) Additional Termination Event . If any “Additional Termination Event” is specified in the Schedule or any Confirmation as applying, the occurrence of such event (and, in such event, the Affected Party or Affected Parties will be as specified for such Additional Termination Event in the Schedule or such Confirmation).

(c) Hierarchy of Events .

(i) An event or circumstance that constitutes or gives rise to an Illegality or a Force Majeure Event will not, for so long as that is the case, also constitute or give rise to an Event of Default under Section 5(a)(i), 5(a)(ii)(1) or 5(a)(iii)(1) insofar as such event or circumstance relates to the failure to make any payment or delivery or a failure to comply with any other material provision of this Agreement or a Credit Support Document, as the case may be.

(ii) Except in circumstances contemplated by clause (i) above, if an event or circumstance which would otherwise constitute or give rise to an Illegality or a Force Majeure Event also constitutes an Event of Default or any other Termination Event, it will be treated as an Event of Default or such other Termination Event, as the case may be, and will not constitute or give rise to an Illegality or a Force Majeure Event.

(iii) If an event or circumstance which would otherwise constitute or give rise to a Force Majeure Event also constitutes an Illegality, it will be treated as an Illegality, except as described in clause (ii) above, and not a Force Majeure Event.

(d) Deferral of Payments and Deliveries During Waiting Period . If an Illegality or a Force Majeure Event has occurred and is continuing with respect to a Transaction, each payment or delivery which would otherwise be required to be made under that Transaction will be deferred to, and will not be due until:―

(i) the first Local Business Day or, in the case of a delivery, the first Local Delivery Day (or the first day that would have been a Local Business Day or Local Delivery Day, as appropriate, but for the occurrence of the event or circumstance constituting or giving rise to that Illegality or Force Majeure Event) following the end of any applicable Waiting Period in respect of that Illegality or Force Majeure Event, as the case may be; or

(ii) if earlier, the date on which the event or circumstance constituting or giving rise to that Illegality or Force Majeure Event ceases to exist or, if such date is not a Local Business Day or, in the case of a delivery, a Local Delivery Day, the first following day that is a Local Business Day or Local Delivery Day, as appropriate.

(e) Inability of Head or Home Office to Perform Obligations of Branch . If (i) an Illegality or a Force Majeure Event occurs under Section 5(b)(i)(1) or 5(b)(ii)(1) and the relevant Office is not the Affected Party’s head or home office, (ii) Section 10(a) applies, (iii) the other party seeks performance of the relevant obligation or

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compliance with the relevant provision by the Affected Party’s head or home office and (iv) the Affected Party’s head or home office fails so to perform or comply due to the occurrence of an event or circumstance which would, if that head or home office were the Office through which the Affected Party makes and receives payments and deliveries with respect to the relevant Transaction, constitute or give rise to an Illegality or a Force Majeure Event, and such failure would otherwise constitute an Event of Default under Section 5(a)(i) or 5(a)(iii)(1) with respect to such party, then, for so long as the relevant event or circumstance continues to exist with respect to both the Office referred to in Section 5(b)(i)(1) or 5(b)(ii)(1), as the case may be, and the Affected Party’s head or home office, such failure will not constitute an Event of Default under Section 5(a)(i) or 5(a)(iii)(1).

6. Early Termination; Close-Out Netting

(a) Right to Terminate Following Event of Default . If at any time an Event of Default with respect to a party (the “Defaulting Party”) has occurred and is then continuing, the other party (the “Non-defaulting Party”) may, by not more than 20 days notice to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Transactions. If, however, “Automatic Early Termination” is specified in the Schedule as applying to a party, then an Early Termination Date in respect of all outstanding Transactions will occur immediately upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(1), (3), (5), (6) or, to the extent analogous thereto, (8), and as of the time immediately preceding the institution of the relevant proceeding or the presentation of the relevant petition upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(4) or, to the extent analogous thereto, (8).

(b) Right to Terminate Following Termination Event .

(i) Notice . If a Termination Event other than a Force Majeure Event occurs, an Affected Party will, promptly upon becoming aware of it, notify the other party, specifying the nature of that Termination Event and each Affected Transaction, and will also give the other party such other information about that Termination Event as the other party may reasonably require. If a Force Majeure Event occurs, each party will, promptly upon becoming aware of it, use all reasonable efforts to notify the other party, specifying the nature of that Force Majeure Event, and will also give the other party such other information about that Force Majeure Event as the other party may reasonably require.

(ii) Transfer to Avoid Termination Event . If a Tax Event occurs and there is only one Affected Party, or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party, the Affected Party will, as a condition to its right to designate an Early Termination Date under Section 6(b)(iv), use all reasonable efforts (which will not require such party to incur a loss, other than immaterial, incidental expenses) to transfer within 20 days after it gives notice under Section 6(b)(i) all its rights and obligations under this Agreement in respect of the Affected Transactions to another of its Offices or Affiliates so that such Termination Event ceases to exist.

If the Affected Party is not able to make such a transfer it will give notice to the other party to that effect within such 20 day period, whereupon the other party may effect such a transfer within 30 days after the notice is given under Section 6(b)(i).

Any such transfer by a party under this Section 6(b)(ii) will be subject to and conditional upon the prior written consent of the other party, which consent will not be withheld if such other party’s policies in effect at such time would permit it to enter into transactions with the transferee on the terms proposed.

(iii) Two Affected Parties . If a Tax Event occurs and there are two Affected Parties, each party will use all reasonable efforts to reach agreement within 30 days after notice of such occurrence is given under Section 6(b)(i) to avoid that Termination Event.

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(iv) Right to Terminate

  • (1) If:―

(A) a transfer under Section 6(b)(ii) or an agreement under Section 6(b)(iii), as the case may be, has not been effected with respect to all Affected Transactions within 30 days after an Affected Party gives notice under Section 6(b)(i); or

(B) a Credit Event Upon Merger or an Additional Termination Event occurs, or a Tax Event Upon Merger occurs and the Burdened Party is not the Affected Party,

the Burdened Party in the case of a Tax Event Upon Merger, any Affected Party in the case of a Tax Event or an Additional Termination Event if there are two Affected Parties, or the Non-affected Party in the case of a Credit Event Upon Merger or an Additional Termination Event if there is only one Affected Party may, if the relevant Termination Event is then continuing, by not more than 20 days notice to the other party, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all Affected Transactions.

(2) If at any time an Illegality or a Force Majeure Event has occurred and is then continuing and any applicable Waiting Period has expired:―

(A) Subject to clause (B) below, either party may, by not more than 20 days notice to the other party, designate (I) a day not earlier than the day on which such notice becomes effective as an Early Termination Date in respect of all Affected Transactions or (II) by specifying in that notice the Affected Transactions in respect of which it is designating the relevant day as an Early Termination Date, a day not earlier than two Local Business Days following the day on which such notice becomes effective as an Early Termination Date in respect of less than all Affected Transactions. Upon receipt of a notice designating an Early Termination Date in respect of less than all Affected Transactions, the other party may, by notice to the designating party, if such notice is effective on or before the day so designated, designate that same day as an Early Termination Date in respect of any or all other Affected Transactions.

(B) An Affected Party (if the Illegality or Force Majeure Event relates to performance by such party or any Credit Support Provider of such party of an obligation to make any payment or delivery under, or to compliance with any other material provision of, the relevant Credit Support Document) will only have the right to designate an Early Termination Date under Section 6(b)(iv)(2)(A) as a result of an Illegality under Section 5(b)(i)(2) or a Force Majeure Event under Section 5(b)(ii)(2) following the prior designation by the other party of an Early Termination Date, pursuant to Section 6(b)(iv)(2)(A), in respect of less than all Affected Transactions.

(c) Effect of Designation .

(i) If notice designating an Early Termination Date is given under Section 6(a) or 6(b), the Early Termination Date will occur on the date so designated, whether or not the relevant Event of Default or Termination Event is then continuing.

(ii) Upon the occurrence or effective designation of an Early Termination Date, no further payments or deliveries under Section 2(a)(i) or 9(h)(i) in respect of the Terminated Transactions will be required to be made, but without prejudice to the other provisions of this Agreement. The amount, if any, payable in respect of an Early Termination Date will be determined pursuant to Sections 6(e) and 9(h)(ii).

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(d) Calculations; Payment Date .

(i) Statement . On or as soon as reasonably practicable following the occurrence of an Early Termination Date, each party will make the calculations on its part, if any, contemplated by Section 6(e) and will provide to the other party a statement (l) showing, in reasonable detail, such calculations (including any quotations, market data or information from internal sources used in making such calculations), (2) specifying (except where there are two Affected Parties) any Early Termination Amount payable and (3) giving details of the relevant account to which any amount payable to it is to be paid. In the absence of written confirmation from the source of a quotation or market data obtained in determining a Close-out Amount, the records of the party obtaining such quotation or market data will be conclusive evidence of the existence and accuracy of such quotation or market data.

(ii) Payment Date . An Early Termination Amount due in respect of any Early Termination Date will, together with any amount of interest payable pursuant to Section 9(h)(ii)(2), be payable (1) on the day on which notice of the amount payable is effective in the case of an Early Termination Date which is designated or occurs as a result of an Event of Default and (2) on the day which is two Local Business Days after the day on which notice of the amount payable is effective (or, if there are two Affected Parties, after the day on which the statement provided pursuant to clause (i) above by the second party to provide such a statement is effective) in the case of an Early Termination Date which is designated as a result of a Termination Event.

(e) Payments on Early Termination . If an Early Termination Date occurs, the amount, if any, payable in respect of that Early Termination Date (the “Early Termination Amount”) will be determined pursuant to this Section 6(e) and will be subject to Section 6(f).

(i) Events of Default . If the Early Termination Date results from an Event of Default, the Early Termination Amount will be an amount equal to (1) the sum of (A) the Termination Currency Equivalent of the Close-out Amount or Close-out Amounts (whether positive or negative) determined by the Non-defaulting Party for each Terminated Transaction or group of Terminated Transactions, as the case may be, and (B) the Termination Currency Equivalent of the Unpaid Amounts owing to the Non-defaulting Party less (2) the Termination Currency Equivalent of the Unpaid Amounts owing to the Defaulting Party. If the Early Termination Amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of Early Termination Amount to the Defaulting Party.

(ii) Termination Events . If the Early Termination Date results from a Termination Event:―

(1) One Affected Party . Subject to clause (3) below, if there is one Affected Party, the Early Termination Amount will be determined in accordance with Section 6(e)(i), except that references to the Defaulting Party and to the Non-defaulting Party will be deemed to be references to the Affected Party and to the Non-affected Party, respectively.

(2) Two Affected Parties. Subject to clause (3) below, if there are two Affected Parties, each party will determine an amount equal to the Termination Currency Equivalent of the sum of the Close-out Amount or Close-out Amounts (whether positive or negative) for each Terminated Transaction or group of Terminated Transactions, as the case may be, and the Early Termination Amount will be an amount equal to (A) the sum of (I) one-half of the difference between the higher amount so determined (by party “X”) and lower amount so determined (by party “Y”) and (II) the Termination Currency Equivalent of the Unpaid Amounts owing to X less (B) the Termination Currency Equivalent of the Unpaid Amounts owing to Y. If the Early Termination Amount is a positive number, Y will pay it to X; if it is a negative number, X will pay the absolute value of the Early Termination Amount to Y.

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(3) Mid-Market Events. If that Termination Event is an Illegality or a Force Majeure Event, then the Early Termination Amount will be determined in accordance with clause (1) or (2) above, as appropriate, except that, for the purpose of determining a Close-out Amount or Close-out Amounts, the Determining Party will:―

  • (A) if obtaining quotations from one or more third parties (or from any of the Determining Party’s Affiliates), ask each third party or Affiliate (I) not to take account of the current creditworthiness of the Determining Party or any existing Credit Support Document and (II) to provide mid-market quotations; and

(B) in any other case, use mid-market values without regard to the creditworthiness of the Determining Party.

(iii) Adjustment for Bankruptcy . In circumstances where an Early Termination Date occurs because Automatic Early Termination applies in respect of a party, Early Termination Amount will be subject to such adjustments as are appropriate and permitted by applicable law to reflect any payments or deliveries made by one party to the other under this Agreement (and retained by such other party) during the period from the relevant Early Termination Date to the date for payment determined under Section 6(d)(ii).

(iv) Adjustment for Illegality or Force Majeure Event . The failure by a party or any Credit Support Provider of such party to pay, when due, any Early Termination Amount will not constitute an Event of Default under Section 5(a)(i) or 5(a)(iii)(1) if such failure is due to the occurrence of an event or circumstance which would, if it occurred with respect to payment, delivery or compliance related to a Transaction, constitute or give rise to an Illegality or a Force Majeure Event. Such amount will (1) accrue interest and otherwise be treated as an Unpaid Amount owing to the other party if subsequently an Early Termination Date results from an Event of Default, a Credit Event Upon Merger or an Additional Termination Event in respect of which all outstanding Transactions are Affected Transactions and (2) otherwise accrue interest in accordance with Section 9(h)(ii)(2).

(v) Pre-Estimate . The parties agree that an amount recoverable under this Section 6(e) is a reasonable preestimate of loss and not a penalty. Such amount is payable for the loss of bargain and the loss of protection against future risks, and, except as otherwise provided in this Agreement, neither party will be entitled to recover any additional damages as a consequence of the termination of the Terminated Transactions.

(f) Set-Off . Any Early Termination Amount payable to one party (the “Payee”) by the other party (the “Payer”), in circumstances where there is a Defaulting Party or where there is one Affected Party in the case where either a Credit Event Upon Merger has occurred or any other Termination Event in respect of which all outstanding Transactions are Affected Transactions has occurred, will, at the option of the Non-defaulting Party or the Non-affected Party, as the case may be (“X”) (and without prior notice to the Defaulting Party or the Affected Party, as the case may be), be reduced by its set-off against any other amounts (“Other Amounts”) payable by the Payee to the Payer (whether or not arising under this Agreement, matured or contingent and irrespective of the currency, place of payment or place of booking of the obligation). To the extent that any Other Amounts are so set off, those Other Amounts will be discharged promptly and in all respects. X will give notice to the other party of any set-off effected under this Section 6(f).

For this purpose, either the Early Termination Amount or the Other Amounts (or the relevant portion of such amounts) may be converted by X into the currency in which the other is denominated at the rate of exchange at which such party would be able, in good faith and using commercially reasonable procedures, to purchase the relevant amount of such currency.

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If an obligation is unascertained, X may in good faith estimate that obligation and set off in respect of the estimate, subject to the relevant party accounting to the other when the obligation is ascertained.

Nothing in this Section 6(f) will be effective to create a charge or other security interest. This Section 6(f) will be without prejudice and in addition to any right of set-off, offset, combination of accounts, lien, right of retention or withholding or similar right or requirement to which any party is at any time otherwise entitled or subject (whether by operation of law, contract or otherwise).

7. Transfer

Subject to Section 6(b)(ii) and to the extent permitted by applicable law, neither this Agreement nor any interest or obligation in or under this Agreement may be transferred (whether by way of security or otherwise) by either party without the prior written consent of the other party, except that:―

(a) a party may make such a transfer of this Agreement pursuant to a consolidation or amalgamation with, or merger with or into, or transfer of all or substantially all its assets to, another entity (but without prejudice to any other right or remedy under this Agreement); and

(b) a party may make such a transfer of all or any part of its interest in any Early Termination Amount payable to it by a Defaulting Party, together with any amounts payable on or with respect to that interest and any other rights associated with that interest pursuant to Sections 8, 9(h) and 11.

Any purported transfer that is not in compliance with this Section7 will be void.

8. Contractual Currency

(a) Payment in the Contractual Currency . Each payment under this Agreement will be made in the relevant currency specified in this Agreement for that payment (the “Contractual Currency”). To the extent permitted by applicable law, any obligation to make payments under this Agreement in the Contractual Currency will not be discharged or satisfied by any tender in any currency other than the Contractual Currency, except to the extent such tender results in the actual receipt by the party to which payment is owed, acting in good faith and using commercially reasonable procedures in converting the currency so tendered into the Contractual Currency, of the full amount in the Contractual Currency of all amounts payable in respect of this Agreement. If for any reason the amount in the Contractual Currency so received falls short of the amount in the Contractual Currency payable in respect of this Agreement, the party required to make the payment will, to the extent permitted by applicable law, immediately pay such additional amount in the Contractual Currency as may be necessary to compensate for the shortfall. If for any reason the amount in the Contractual Currency so received exceeds the amount in the Contractual Currency payable in respect of this Agreement, the party receiving the payment will refund promptly the amount of such excess.

(b) Judgments . To the extent permitted by applicable law, if any judgment or order expressed in a currency other than the Contractual Currency is rendered (i) for the payment of any amount owing in respect of this Agreement, (ii) for the payment of any amount relating to any early termination in respect of this Agreement or (iii) in respect of a judgment or order of another court for the payment of any amount described in clause (i) or (ii) above, the party seeking recovery, after recovery in full of the aggregate amount to which such party is entitled pursuant to the judgment or order, will be entitled to receive immediately from the other party the amount of any shortfall of the Contractual Currency received by such party as a consequence of sums paid in such other currency and will refund promptly to the other party any excess of the Contractual Currency received by such party as a consequence of sums paid in such other currency if such shortfall or such excess arises or results from any variation between the rate of exchange at which the Contractual Currency is converted into the currency of the judgment or order for the purpose of such judgment or order and the rate of exchange at which such party is able, acting in good faith and using

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commercially reasonable procedures in converting the currency received into the Contractual Currency, to purchase the Contractual Currency with the amount of the currency of the judgment or order actually received by such party.

(c) Separate Indemnities . To the extent permitted by applicable law, the indemnities in this Section 8 constitute separate and independent obligations from the other obligations in this Agreement, will be enforceable as separate and independent causes of action, will apply notwithstanding any indulgence granted by the party to which any payment is owed and will not be affected by judgment being obtained or claim or proof being made for any other sums payable in respect of this Agreement.

(d) Evidence of Loss . For the purpose of this Section 8, it will be sufficient for a party to demonstrate that it would have suffered a loss had an actual exchange or purchase been made.

9. Miscellaneous

(a) Entire Agreement . This Agreement constitutes the entire agreement and understanding of the parties with respect to its subject matter. Each of the parties acknowledges that in entering into this Agreement it has not relied on any oral or written representation, warranty or other assurance (except as provided for or referred to in this Agreement) and waives all rights and remedies which might otherwise be available to it in respect thereof, except that nothing in this Agreement will limit or exclude any liability of a party for fraud.

(b) Amendments . An amendment, modification or waiver in respect of this Agreement will only be effective if in writing (including a writing evidenced by a facsimile transmission) and executed by each of the parties or confirmed by an exchange of telexes or by an exchange of electronic messages on an electronic messaging system.

(c) Survival of Obligations . Without prejudice to Sections 2(a)(iii) and 6(c)(ii), the obligations of the parties under this Agreement will survive the termination of any Transaction.

(d) Remedies Cumulative . Except as provided in this Agreement, the rights, powers, remedies and privileges provided in this Agreement are cumulative and not exclusive of any rights, powers, remedies and privileges provided by law.

(e) Counterparts and Confirmations .

(i) This Agreement (and each amendment, modification and waiver in respect of it) may be executed and delivered in counterparts (including by facsimile transmission and by electronic messaging system), each of which will be deemed an original.

(ii) The parties intend that they are legally bound by the terms of each Transaction from the moment they agree to those terms (whether orally or otherwise). A Confirmation will be entered into as soon as practicable and may be executed and delivered in counterparts (including by facsimile transmission) or be created by an exchange of telexes, by an exchange of electronic messages on an electronic messaging system or by an exchange of e-mails, which in each case will be sufficient for all purposes to evidence a binding supplement to this Agreement. The parties will specify therein or through another effective means that any such counterpart, telex, electronic message or e-mail constitutes a Confirmation.

(f) No Waiver of Rights . A failure or delay in exercising any right, power or privilege in respect of this Agreement will not be presumed to operate as a waiver, and a single or partial exercise of any right, power or privilege will not be presumed to preclude any subsequent or further exercise, of that right, power or privilege or the exercise of any other right, power or privilege

(g) Headings . The headings used in this Agreement are for convenience of reference only and are not to affect the construction of or to be taken into consideration in interpreting this Agreement.

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(h) Interest and Compensation .

(i) Prior to Early Termination . Prior to the occurrence or effective designation of an Early Termination Date in respect of the relevant Transaction:―

(1) Interest on Defaulted Payments . If a party defaults in the performance of any payment obligation, it will, to the extent permitted by applicable law and subject to Section 6(c), pay interest (before as well as after judgment) on the overdue amount to the other party on demand in the same currency as the overdue amount, for the period from (and including) the original due date for payment to (but excluding) the date of actual payment (and excluding any period in respect of which interest or compensation in respect of the overdue amount is due pursuant to clause (3)(B) or (C) below), at the Default Rate.

(2) Compensation for Defaulted Deliveries . If a party defaults in the performance of any obligation required to be settled by delivery, it will on demand (A) compensate the other party to the extent provided for in the relevant Confirmation or elsewhere in this Agreement and (B) unless otherwise provided in the relevant Confirmation or elsewhere in this Agreement, to the extent permitted by applicable law and subject to Section 6(c), pay to the other party interest (before as well as after judgment) on an amount equal to the fair market value of that which was required to be delivered in the same currency as that amount, for the period from (and including) the originally scheduled date for delivery to (but excluding) the date of actual delivery (and excluding any period in respect of which interest or compensation in respect of that amount is due pursuant to clause (4) below), at the Default Rate. The fair market value of any obligation referred to above will be determined as of the originally scheduled date for delivery, in good faith and using commercially reasonable procedures, by the party that was entitled to take delivery.

(3) Interest on Deferred Payments . If:―

(A) a party does not pay any amount that, but for Section 2(a)(iii), would have been payable, it will, to the extent permitted by applicable law and subject to Section 6(c) and clauses (B) and (C) below, pay interest (before as well as after judgment) on that amount to the other party on demand (after such amount becomes payable) in the same currency as that amount, for the period from (and including) the date the amount would, but for Section 2(a)(iii), have been payable to (but excluding) the date the amount actually becomes payable, at the Applicable Deferral Rate;

(B) a payment is deferred pursuant to Section 5(d), the party which would otherwise have been required to make that payment will, to the extent permitted by applicable law, subject to Section 6(c) and for so long as no Event of Default or Potential Event of Default with respect to that party has occurred and is continuing, pay interest (before as well as after judgment) on the amount of the deferred payment to the other party on demand (after such amount becomes payable) in the same currency as the deferred payment, for the period from (and including) the date the amount would, but for Section 5(d), have been payable to (but excluding) the earlier of the date the payment is no longer deferred pursuant to Section 5(d) and the date during the deferral period upon which an Event of Default or Potential Event of Default with respect to that party occurs, at the Applicable Deferral Rate; or

(C) a party fails to make any payment due to the occurrence of an Illegality or a Force Majeure Event (after giving effect to any deferral period contemplated by clause (B) above), it will, to the extent permitted by applicable law, subject to Section 6(c) and for so long as the event or circumstance giving rise to that Illegality or Force Majeure Event

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continues and no Event of Default or Potential Event of Default with respect to that party has occurred and is continuing, pay interest (before as well as after judgment) on the overdue amount to the other party on demand in the same currency as the overdue amount, for the period from (and including) the date the party fails to make the payment due to the occurrence of the relevant Illegality or Force Majeure Event (or, if later, the date the payment is no longer deferred pursuant to Section 5(d)) to (but excluding) the earlier of the date the event or circumstance giving rise to that Illegality or Force Majeure Event ceases to exist and the date during the period upon which an Event of Default or Potential Event of Default with respect to that party occurs (and excluding any period in respect of which interest or compensation in respect of the overdue amount is due pursuant to clause (B) above), at the Applicable Deferral Rate.

  • (4) Compensation for Deferred Deliveries . If:―

(A) a party does not perform any obligation that, but for Section 2(a)(iii), would have been required to be settled by delivery;

  • (B) a delivery is deferred pursuant to Section 5(d); or

  • (C) a party fails to make a delivery due to the occurrence of an Illegality or a Force Majeure Event at a time when any applicable Waiting Period has expired,

the party required (or that would otherwise have been required) to make the delivery will, to the extent permitted by applicable law and subject to Section 6(c), compensate and pay interest to the other party on demand (after, in the case of clauses (A) and (B) above, such delivery is required) if and to the extent provided for in the relevant Confirmation or elsewhere in this Agreement.

(ii) Early Termination . Upon the occurrence or effective designation of an Early Termination Date in respect of a Transaction:―

(1) Unpaid Amounts . For the purpose of determining an Unpaid Amount in respect of the relevant Transaction, and to the extent permitted by applicable law, interest will accrue on the amount of any payment obligation or the amount equal to the fair market value of any obligation required to be settled by delivery included in such determination in the same currency as that amount, for the period from (and including) the date the relevant obligation was (or would have been but for Section 2(a)(iii) or 5(d)) required to have been performed to (but excluding) the relevant Early Termination Date, at the Applicable Close-out Rate.

(2) Interest on Early Termination Amounts . If an Early Termination Amount is due in respect of such Early Termination Date, that amount will, to the extent permitted by applicable law, be paid together with interest (before as well as after judgment) on that amount in the Termination Currency, for the period from (and including) such Early Termination Date to (but excluding) the date the amount is paid, at the Applicable Close-out Rate.

(iii) Interest Calculation . Any interest pursuant to this Section 9(h) will be calculated on the basis of daily compounding and the actual number of days elapsed.

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10. Offices; Multibranch Parties

(a) If Section 10(a) is specified in the Schedule as applying, each party that enters into a Transaction through an Office other than its head or home office represents to and agrees with the other party that, notwithstanding the place of booking or its jurisdiction of incorporation or organization, its obligations are the same in terms of recourse against it as if it had entered into the Transaction through its head or home office, except that a party will not have recourse to the head or home office of the other party in respect of any payment or delivery deferred pursuant to Section 5(d) for so long as the payment or delivery is so deferred. This representation and agreement will be deemed to be repeated by each party on each date on which the parties enter into a Transaction.

(b) If a party is specified as a Multibranch Party in the Schedule, such party may, subject to clause (c) below, enter into a Transaction through, book a Transaction in and make and receive payments and deliveries with respect to a Transaction through any Office listed in respect of that party in the Schedule(but not any other Office unless otherwise agreed by the parties in writing).

(c) The Office through which a party enters into a Transaction will be the Office specified for that party in the relevant Confirmation or as otherwise agreed by the parties in writing, and, if an Office for that party is not specified in the Confirmation or otherwise agreed by the parties in writing, its head or home office. Unless the parties otherwise agree in writing, the Office through which a party enters into a Transaction will also be the Office in which it books the Transaction and the Office through which it makes and receives payments and deliveries with respect to the Transaction. Subject to Section 6(b)(ii), neither party may change the Office in which it books the Transaction or the Office through which it makes and receives payments or deliveries with respect to a Transaction without the prior written consent of the other party.

11. Expenses

A Defaulting Party will on demand indemnify and hold harmless the other party for and against all reasonable out-ofpocket expenses, including legal fees, execution fees and Stamp Tax, incurred by such other party by reason of the enforcement and protection of its rights under this Agreement or any Credit Support Document to which the Defaulting Party is a party or by reason of the early termination of any Transaction, including, but not limited to, costs of collection.

12. Notices

(a) Effectiveness . Any notice or other communication in respect of this Agreement may be given in any manner described below (except that a notice or other communication under Section 5 or 6 may not be given by electronic messaging system or e-mail) to the address or number or in accordance with the electronic messaging system or e-mail details provided (see the Schedule) and will be deemed effective as indicated:―

  • (i) if in writing and delivered in person or by courier, on the date it is delivered;

  • (ii) if sent by telex, on the date the recipient’s answerback is received;

(iii) if sent by facsimile transmission, on the date it is received by a responsible employee of the recipient in legible form (it being agreed that the burden of proving receipt will be on the sender and will not be met by a transmission report generated by the sender’s facsimile machine);

(iv) if sent by certified or registered mail (airmail, if overseas) or the equivalent (return receipt requested), on the date it is delivered or its delivery is attempted;

  • (v) if sent by electronic messaging system, on the date it is received; or

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(vi) if sent by e-mail, on the date it is delivered,

unless the date of that delivery (or attempted delivery) or that receipt, as applicable, is not a Local Business Day or that communication is delivered (or attempted) or received, as applicable, after the close of business on a Local Business Day, in which case that communication will be deemed given and effective on the first following day that is a Local Business Day.

(b) Change of Details . Either party may by notice to the other change the address, telex or facsimile number or electronic messaging system or e-mail details at which notices or other communications are to be given to it.

13. Governing Law and Jurisdiction

(a) Governing Law . This Agreement will be governed by and construed in accordance with the law specified in the Schedule.

(b) Jurisdiction . With respect to any suit, action or proceedings relating to any dispute arising out of or in connection with this Agreement (“Proceedings”), each party irrevocably:―

(i) submits:―

(1) if this Agreement is expressed to be governed by English law, to (A) the non-exclusive jurisdiction of the English courts if the Proceedings do not involve a Convention Court and (B) the exclusive jurisdiction of the English courts if the Proceedings do involve a Convention Court; or

(2) if this Agreement is expressed to be governed by the laws of the State of New York, to the non-exclusive jurisdiction of the courts of the State of New York and the United States District Court located in the Borough of Manhattan in New York City;

(ii) waives any objection which it may have at any time to the laying of venue of any Proceedings brought in any such court, waives any claim that such Proceedings have been brought in an inconvenient forum and further waives the right to object, with respect to such Proceedings, that such court does not have any jurisdiction over such party; and

(iii) agrees, to the extent permitted by applicable law, that the bringing of Proceedings in any one or more jurisdictions will not preclude the bringing of Proceedings in any other jurisdiction.

(c) Service of Process . Each party irrevocably appoints the Process Agent, if any, specified opposite its name in the Schedule to receive, for it and on its behalf, service of process in any Proceedings. If for any reason any party’s Process Agent is unable to act as such, such party will promptly notify the other party and within 30 days appoint a substitute process agent acceptable to the other party. The parties irrevocably consent to service of process given in the manner provided for notices in Section 12(a)(i), 12(a)(iii) or 12(a)(iv). Nothing in this Agreement will affect the right of either party to serve process in any other manner permitted by applicable law.

(d) Waiver of Immunities . Each party irrevocably waives, to the extent permitted by applicable law, with respect to itself and its revenues and assets (irrespective of their use or intended use), all immunity on the grounds of sovereignty or other similar grounds from (i) suit, (ii) jurisdiction of any court, (iii) relief by way of injunction or order for specific performance or recovery of property, (iv) attachment of its assets (whether before or after judgment) and (v) execution or enforcement of any judgment to which it or its revenues or assets might otherwise be entitled in any Proceedings in the courts of any jurisdiction and irrevocably agrees, to the extent permitted by applicable law, that it will not claim any such immunity in any Proceedings.

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14. Definitions

As used in this Agreement:―

“Additional Representation” has the meaning specified in Section 3.

“Additional Termination Event” has the meaning specified in Section 5(b).

  • “Affected Party” has the meaning specified in Section 5(b).

“Affected Transactions” means (a) with respect to any Termination Event consisting of an Illegality, Force Majeure Event, Tax Event or Tax Event Upon Merger, all Transactions affected by the occurrence of such Termination Event (which, in the case of an Illegality under Section 5(b)(i)(2) or a Force Majeure Event under Section 5(b)(ii)(2), means all Transactions unless the relevant Credit Support Document references only certain Transactions, in which case those Transactions and, if the relevant Credit Support Document constitutes a Confirmation for a Transaction, that Transaction) and (b) with respect to any other Termination Event, all Transactions.

“Affiliate” means, subject to the Schedule, in relation to any person, any entity controlled, directly or indirectly, by the person, any entity that controls, directly or indirectly, the person or any entity directly or indirectly under common control with the person. For this purpose, “control” of any entity or person means ownership of a majority of the voting power of the entity or person.

“Agreement” has the meaning specified in Section 1(c).

“Applicable Close-out Rate” means:―

  • (a) in respect of the determination of an Unpaid Amount:―

  • (i) in respect of obligations payable or deliverable (or which would have been but for Section 2(a)(iii)) by a Defaulting Party, the Default Rate;

(ii) in respect of obligations payable or deliverable (or which would have been but for Section 2(a)(iii)) by a Non-defaulting Party, the Non-default Rate;

(iii) in respect of obligations deferred pursuant to Section 5(d), if there is no Defaulting Party and for so long as the deferral period continues, the Applicable Deferral Rate; and

(iv) in all other cases following the occurrence of a Termination Event (except where interest accrues pursuant to clause (iii) above), the Applicable Deferral Rate; and

  • (b)

in respect of an Early Termination Amount:―

(i) for the period from (and including) the relevant Early Termination Date to (but excluding) the date (determined in accordance with Section 6(d)(ii)) on which that amount is payable:―

  • (1) if the Early Termination Amount is payable by a Defaulting Party, the Default Rate;

  • (2) if the Early Termination Amount is payable by a Non-defaulting Party, the Non-default Rate; and

  • (3) in all other cases, the Applicable Deferral Rate; and

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(ii) for the period from (and including) the date (determined in accordance with Section 6(d)(ii)) on which that amount is payable to (but excluding) the date of actual payment:―

(1) if a party fails to pay the Early Termination Amount due to the occurrence of an event or circumstance which would, if it occurred with respect to a payment or delivery under a Transaction, constitute or give rise to an Illegality or a Force Majeure Event, and for so long as the Early Termination Amount remains unpaid due to the continuing existence of such event or circumstance, the Applicable Deferral Rate;

(2) if the Early Termination Amount is payable by a Defaulting Party (but excluding any period in respect of which clause (1) above applies), the Default Rate;

(3) if the Early Termination Amount is payable by a Non-defaulting Party (but excluding any period in respect of which clause (1) above applies), the Non-default Rate; and

(4) in all other cases, the Termination Rate.

“Applicable Deferral Rate” means:―

(a) for the purpose of Section 9(h)(i)(3)(A), the rate certified by the relevant payer to be a rate offered to the payer by a major bank in a relevant interbank market for overnight deposits in the applicable currency, such bank to be selected in good faith by the payer for the purpose of obtaining a representative rate that will reasonably reflect conditions prevailing at the time in that relevant market;

(b) for purposes of Section 9(h)(i)(3)(B) and clause (a)(iii) of the definition of Applicable Close-out Rate, the rate certified by the relevant payer to be a rate offered to prime banks by a major bank in a relevant interbank market for overnight deposits in the applicable currency, such bank to be selected in good faith by the payer after consultation with the other party, if practicable, for the purpose of obtaining a representative rate that will reasonably reflect conditions prevailing at the time in that relevant market; and

(c) for purposes of Section 9(h)(i)(3)(C) and clauses (a)(iv), (b)(i)(3) and (b)(ii)(1) of the definition of Applicable Close-out Rate, a rate equal to the arithmetic mean of the rate determined pursuant to clause (a) above and a rate per annum equal to the cost (without proof or evidence of any actual cost) to the relevant payee (as certified by it) if it were to fund or of funding the relevant amount.

“Automatic Early Termination” has the meaning specified in Section 6(a).

“Burdened Party” has the meaning specified in Section 5(b)(iv).

“Change in Tax Law” means the enactment, promulgation, execution or ratification of, or any change in or amendment to, any law (or in the application or official interpretation of any law) that occurs after the parties enter into the relevant Transaction.

“Close-out Amount” means, with respect to each Terminated Transaction or each group of Terminated Transactions and a Determining Party, the amount of the losses or costs of the Determining Party that are or would be incurred under then prevailing circumstances (expressed as a positive number) or gains of the Determining Party that are or would be realized under then prevailing circumstances (expressed as a negative number) in replacing, or in providing for the Determining Party the economic equivalent of, (a) the material terms of that Terminated Transaction or group of Terminated Transactions, including the payments and deliveries by the parties under Section 2(a)(i) in respect of that Terminated Transaction or group of Terminated Transactions that would, but for the occurrence of the relevant Early Termination Date, have been required after that date (assuming satisfaction of the conditions precedent in

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Section 2(a)(iii)) and (b) the option rights of the parties in respect of that Terminated Transaction or group of Terminated Transactions.

Any Close-out Amount will be determined by the Determining Party (or its agent), which will act in good faith and use commercially reasonable procedures in order to produce a commercially reasonable result. The Determining Party may determine a Close-out Amount for any group of Terminated Transactions or any individual Terminated Transaction but, in the aggregate, for not less than all Terminated Transactions. Each Close-out Amount will be determined as of the Early Termination Date or, if that would not be commercially reasonable, as of the date or dates following the Early Termination Date as would be commercially reasonable.

Unpaid Amounts in respect of a Terminated Transaction or group of Terminated Transactions and legal fees and out-ofpocket expenses referred to in Section 11 are to be excluded in all determinations of Close-out Amounts.

In determining a Close-out Amount, the Determining Party may consider any relevant information, including, without limitation, one or more of the following types of information:―

(i) quotations (either firm or indicative) for replacement transactions supplied by one or more third parties that may take into account the creditworthiness of the Determining Party at the time the quotation is provided and the terms of any relevant documentation, including credit support documentation, between the Determining Party and the third party providing the quotation;

(ii) information consisting of relevant market data in the relevant market supplied by one or more third parties including, without limitation, relevant rates, prices, yields, yield curves, volatilities, spreads, correlations or other relevant market data in the relevant market; or

(iii) information of the types described in clause (i) or (ii) above from internal sources (including any of the Determining Party’s Affiliates) if that information is of the same type used by the Determining Party in the regular course of its business for the valuation of similar transactions.

The Determining Party will consider, taking into account the standards and procedures described in this definition, quotations pursuant to clause (i) above or relevant market data pursuant to clause (ii) above unless the Determining Party reasonably believes in good faith that such quotations or relevant market data are not readily available or would produce a result that would not satisfy those standards. When considering information described in clause (i), (ii) or (iii) above, the Determining Party may include costs of funding, to the extent costs of funding are not and would not be a component of the other information being utilized. Third parties supplying quotations pursuant to clause (i) above or market data pursuant to clause (ii) above may include, without limitation, dealers in the relevant markets, end-users of the relevant product, information vendors, brokers and other sources of market information.

Without duplication of amounts calculated based on information described in clause (i), (ii) or (iii) above, or other relevant information, and when it is commercially reasonable to do so, the Determining Party may in addition consider in calculating a Close-out Amount any loss or cost incurred in connection with its terminating, liquidating or reestablishing any hedge related to a Terminated Transaction or group of Terminated Transactions (or any gain resulting from any of them).

Commercially reasonable procedures used in determining a Close-out Amount may include the following:―

(1) application to relevant market data from third parties pursuant to clause (ii) above or information from internal sources pursuant to clause (iii) above of pricing or other valuation models that are, at the time of the determination of the Close-out Amount, used by the Determining Party in the regular course of its business in pricing or valuing transactions between the Determining Party and unrelated third parties that are similar to the Terminated Transaction or group of Terminated Transactions; and

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(2) application of different valuation methods to Terminated Transactions or groups of Terminated Transactions depending on the type, complexity, size or number of the Terminated Transactions or group of Terminated Transactions.

“Confirmation” has the meaning specified in the preamble.

“consent” includes a consent, approval, action, authorization, exemption, notice, filing, registration or exchange control consent.

“Contractual Currency” has the meaning specified in Section 8(a).

“Convention Court” means any court which is bound to apply to the Proceedings either Article 17 of the 1968 Brussels Convention on Jurisdiction and the Enforcement of Judgments in Civil and Commercial Matters or Article 17 of the 1988 Lugano Convention on Jurisdiction and the Enforcement of Judgments in Civil and Commercial Matters.

“Credit Event Upon Merger” has the meaning specified in Section 5(b).

“Credit Support Document” means any agreement or instrument that is specified as such in this Agreement.

“Credit Support Provider” has the meaning specified in the Schedule.

“Cross-Default” means the event specified in Section 5(a)(vi).

“Default Rate” means a rate per annum equal to the cost (without proof or evidence of any actual cost) to the relevant payee (as certified by it) if it were to fund or of funding the relevant amount plus 1% per annum.

“Defaulting Party” has the meaning specified in Section 6(a).

“Designated Event” has the meaning specified in Section 5(b)(v).

“Determining Party” means the party determining a Close-out Amount.

“Early Termination Amount” has the meaning specified in Section 6(e).

“Early Termination Date” means the date determined in accordance with Section 6(a) or 6(b)(iv).

“electronic messages” does not include e-mails but does include documents expressed in markup languages, and “electronic messaging system” will be construed accordingly.

“English law” means the law of England and Wales, and “English” will be construed accordingly.

“Event of Default” has the meaning specified in Section 5(a) and, if applicable, in the Schedule.

“Force Majeure Event” has the meaning specified in Section 5(b).

“General Business Day” means a day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits).

“Illegality” has the meaning specified in Section 5(b).

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“Indemnifiable Tax” means any Tax other than a Tax that would not be imposed in respect of a payment under this Agreement but for a present or former connection between the jurisdiction of the government or taxation authority imposing such Tax and the recipient of such payment or a person related to such recipient (including, without limitation, a connection arising from such recipient or related person being or having been a citizen or resident of such jurisdiction, or being or having been organised, present or engaged in a trade or business in such jurisdiction, or having or having had a permanent establishment or fixed place of business in such jurisdiction, but excluding a connection arising solely from such recipient or related person having executed, delivered, performed its obligations or received a payment under, or enforced, this Agreement or a Credit Support Document).

“law” includes any treaty, law, rule or regulation (as modified, in the case of tax matters, by the practice of any relevant governmental revenue authority), and “unlawful” will be construed accordingly.

“Local Business Day” means (a) in relation to any obligation under Section 2(a)(i), a General Business Day in the place or places specified in the relevant Confirmation and a day on which a relevant settlement system is open or operating as specified in the relevant Confirmation or, if a place or a settlement system is not so specified, as otherwise agreed by the parties in writing or determined pursuant to provisions contained, or incorporated by reference, in this Agreement, (b) for the purpose of determining when a Waiting Period expires, a General Business Day in the place where the event or circumstance that constitutes or gives rise to the Illegality or Force Majeure Event, as the case may be, occurs, (c) in relation to any other payment, a General Business Day in the place where the relevant account is located and, if different, in the principal financial centre, if any, of the currency of such payment and, if that currency does not have a single recognized principal financial centre, a day on which the settlement system necessary to accomplish such payment is open, (d) in relation to any notice or other communication, including notice contemplated under Section 5(a)(i), a General Business Day (or a day that would have been a General Business Day but for the occurrence of an event or circumstance which would, if it occurred with respect to payment, delivery or compliance related to a Transaction, constitute or give rise to an Illegality or a Force Majeure Event) in the place specified in the address for notice provided by the recipient and, in the case of a notice contemplated by Section 2(b), in the place where the relevant new account is to be located and (e) in relation to Section 5(a)(v)(2), a General Business Day in the relevant locations for performance with respect to such Specified Transaction.

“Local Delivery Day” means, for purposes of Sections 5(a)(i) and 5(d), a day on which settlement systems necessary to accomplish the relevant delivery are generally open for business so that the delivery is capable of being accomplished in accordance with customary market practice, in the place specified in the relevant Confirmation or, if not so specified, in a location as determined in accordance with customary market practice for the relevant delivery.

“Master Agreement” has the meaning specified in the preamble.

“Merger Without Assumption” means the event specified in Section 5(a)(viii).

“Multiple Transaction Payment Netting” has the meaning specified in Section 2(c).

“Non-affected Party” means, so long as there is only one Affected Party, the other party.

“Non-default Rate” means the rate certified by the Non-defaulting Party to be a rate offered to the Non-defaulting Party by a major bank in a relevant interbank market for overnight deposits in the applicable currency, such bank to be selected in good faith by the Non-defaulting Party for the purpose of obtaining a representative rate that will reasonably reflect conditions prevailing at the time in that relevant market.

“Non-defaulting Party” has the meaning specified in Section 6(a).

“Office” means a branch or office of a party, which may be such party’s head or home office.

“Other Amounts” has the meaning specified in Section 6(f).

ISDA® 2002

25

“Payee” has the meaning specified in Section 6(f).

“Payer” has the meaning specified in Section 6(f).

“Potential Event of Default” means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

“Proceedings” has the meaning specified in Section 13(b).

“Process Agent” has the meaning specified in the Schedule.

“rate of exchange” includes, without limitation, any premiums and costs of exchange payable in connection with the purchase of or conversion into the Contractual Currency.

“Relevant Jurisdiction” means, with respect to a party, the jurisdictions (a) in which the party is incorporated, organised, managed and controlled or considered to have its seat, (b) where an Office through which the party is acting for purposes of this Agreement is located, (c) in which the party executes this Agreement and (d) in relation to any payment, from or through which such payment is made.

“Schedule” has the meaning specified in the preamble.

“ Scheduled Settlement Date” means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

“Specified Entity” has the meaning specified in the Schedule.

“Specified Indebtedness” means, subject to the Schedule, any obligation (whether present or future, contingent or otherwise, as principal or surety or otherwise) in respect of borrowed money.

“Specified Transaction” means, subject to the Schedule, (a) any transaction (including an agreement with respect to any such transaction) now existing or hereafter entered into between one party to this Agreement (or any Credit Support Provider of such party or any applicable Specified Entity of such party) and the other party to this Agreement (or any Credit Support Provider of such other party or any applicable Specified Entity of such other party) which is not a Transaction under this Agreement but (i) which is a rate swap transaction, swap option, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, currency swap transaction, cross-currency rate swap transaction, currency option, credit protection transaction, credit swap, credit default swap, credit default option, total return swap, credit spread transaction, repurchase transaction, reverse repurchase transaction, buy/sell-back transaction, securities lending transaction, weather index transaction or forward purchase or sale of a security, commodity or other financial instrument or interest (including any option with respect to any of these transactions) or (ii) which is a type of transaction that is similar to any transaction referred to in clause (i) above that is currently, or in the future becomes, recurrently entered into in the financial markets (including terms and conditions incorporated by reference in such agreement) and which is a forward, swap, future, option or other derivative on one or more rates, currencies, commodities, equity securities or other equity instruments, debt securities or other debt instruments, economic indices or measures of economic risk or value, or other benchmarks against which payments or deliveries are to be made, (b) any combination of these transactions and (c) any other transaction identified as a Specified Transaction in this Agreement or the relevant confirmation.

“Stamp Tax” means any stamp, registration, documentation or similar tax.

“Stamp Tax Jurisdiction” has the meaning specified in Section 4(e).

ISDA® 2002

26

“Tax” means any present or future tax, levy, impost, duty, charge, assessment or fee of any nature (including interest, penalties and additions thereto) that is imposed by any government or other taxing authority in respect of any payment under this Agreement other than a stamp, registration, documentation or similar tax.

“Tax Event” has the meaning specified in Section 5(b).

“Tax Event Upon Merger” has the meaning specified in Section 5(b).

“Terminated Transactions” means, with respect to any Early Termination Date, (a) if resulting from an Illegality or a Force Majeure Event, all Affected Transactions specified in the notice given pursuant to Section 6(b)(iv), (b) if resulting from any other Termination Event, all Affected Transactions and (c) if resulting from an Event of Default, all Transactions in effect either immediately before the effectiveness of the notice designating that Early Termination Date or, if Automatic Early Termination applies, immediately before that Early Termination Date.

“Termination Currency” means (a) if a Termination Currency is specified in the Schedule and that currency is freely available, that currency, and (b) otherwise, Euro if this Agreement is expressed to be governed by English law or United States Dollars if this Agreement is expressed to be governed by the laws of the State of New York.

“Termination Currency Equivalent” means, in respect of any amount denominated in the Termination Currency, such Termination Currency amount and, in respect of any amount denominated in a currency other than the Termination Currency (the “Other Currency”), the amount in the Termination Currency determined by the party making the relevant determination as being required to purchase such amount of such Other Currency as at the relevant Early Termination Date, or, if the relevant Close-out Amount is determined as of a later date, that later date, with the Termination Currency at the rate equal to the spot exchange rate of the foreign exchange agent (selected as provided below) for the purchase of such Other Currency with the Termination Currency at or about 11:00 a.m. (in the city in which such foreign exchange agent is located) on such date as would be customary for the determination of such a rate for the purchase of such Other Currency for value on the relevant Early Termination Date or that later date. The foreign exchange agent will, if only one party is obliged to make a determination under Section 6(e), be selected in good faith by that party and otherwise will be agreed by the parties.

“Termination Event” means an Illegality, a Force Majeure Event, a Tax Event, a Tax Event Upon Merger or, if specified to be applicable, a Credit Event Upon Merger or an Additional Termination Event.

“Termination Rate” means a rate per annum equal to the arithmetic mean of the cost (without proof or evidence of any actual cost) to each party (as certified by such party) if it were to fund or of funding such amounts.

“Threshold Amount” means the amount, if any, specified as such in the Schedule.

“Transaction” has the meaning specified in the preamble.

“Unpaid Amounts” owing to any party means, with respect to an Early Termination Date, the aggregate of (a) in respect of all Terminated Transactions, the amounts that became payable (or that would have become payable but for Section 2(a)(iii) or due but for Section 5(d)) to such party under Section 2(a)(i) or 2(d)(i)(4) on or prior to such Early Termination Date and which remain unpaid as at such Early Termination Date, (b) in respect of each Terminated Transaction, for each obligation under Section 2(a)(i) which was (or would have been but for Section 2(a)(iii) or 5(d)) required to be settled by delivery to such party on or prior to such Early Termination Date and which has not been so settled as at such Early Termination Date, an amount equal to the fair market value of that which was (or would have been) required to be delivered and (c) if the Early Termination Date results from an Event of Default, a Credit Event Upon Merger or an Additional Termination Event in respect of which all outstanding Transactions are Affected Transactions, any Early Termination Amount due prior to such Early Termination Date and which remains unpaid as of such Early Termination Date, in each case together with any amount of interest accrued or other

ISDA® 2002

27

compensation in respect of that obligation or deferred obligation, as the case may be, pursuant to Section 9(h)(ii)(1) or (2), as appropriate. The fair market value of any obligation referred to in clause (b) above will be determined as of the originally scheduled date for delivery, in good faith and using commercially reasonable procedures, by the party obliged to make the determination under Section 6(e) or, if each party is so obliged, it will be the average of the Termination Currency Equivalents of the fair market values so determined by both parties.

“Waiting Period” means:―

(a) in respect of an event or circumstance under Section 5(b)(i), other than in the case of Section 5(b)(i)(2) where the relevant payment, delivery or compliance is actually required on the relevant day (in which case no Waiting Period will apply), a period of three Local Business Days (or days that would have been Local Business Days but for the occurrence of that event or circumstance) following the occurrence of that event or circumstance; and

(b) in respect of an event or circumstance under Section 5(b)(ii), other than in the case of Section 5(b)(ii)(2) where the relevant payment, delivery or compliance is actually required on the relevant day (in which case no Waiting Period will apply), a period of eight Local Business Days (or days that would have been Local Business Days but for the occurrence of that event or circumstance) following the occurrence of that event or circumstance.

IN WITNESS WHEREOF the parties have executed this document on the respective dates specified below with effect from the date specified on the first page of this document.

MORGAN STANLEY & CO. INTERNATIONAL [Counterparty Name] PLC

By:........................................................................................ By:........................................................................................ Name: Name: Title: Title: Date: Date:

ISDA® 2002

28

SCHEDULE

to the

2002 MASTER AGREEMENT

dated as of [To be specified at execution] between

MORGAN STANLEY & CO. INTERNATIONAL PLC a public limited company duly organized under the laws of England and Wales

(“Party A”)

and

[Counterparty Name] a [TBC] duly organized under the laws of [Jurisdiction]

(“Party B”)

acting through [Manager Name] (the “Investment Manager”)

Part 1. Termination Provisions.

  • (a) “Specified Entity” means in relation to Party A for the purpose of:

Section 5(a)(v) (Default Under Specified Transaction) ................................................. Affiliates Section 5(a)(vi) (Cross Default) .......................................................................... None Specified Section 5(a)(vii) (Bankruptcy) ............................................................................ None Specified Section 5(b)(v) (Credit Event Upon Merger) ...................................................... None Specified and in relation to Party B for the purpose of:

Section 5(a)(v) (Default Under Specified Transaction) ................................................. Affiliates Section 5(a)(vi) (Cross Default) .......................................................................... None Specified Section 5(a)(vii) (Bankruptcy) ............................................................................ None Specified Section 5(b)(v) (Credit Event Upon Merger) ...................................................... None Specified

(b) “Specified Transaction” means, in lieu of the meaning specified in Section 14, any contract or transaction, including an agreement with respect thereto (whether or not documented under or effected pursuant to a master agreement) now existing or hereafter entered into between one party to this Agreement (or any applicable Credit Support Provider of such party or any applicable Specified Entity of such party) and the other party to this Agreement (or any applicable Credit Support Provider of such party or any applicable Specified Entity of such party).

  • (c) Cross Default applies to Party A and Party B.

“Specified Indebtedness” has the meaning specified in Section 14 of this Agreement.

“Threshold Amount” means, with respect to Party A an amount equal to USD 10,000,000 (or the equivalent in another currency, currency unit or combination thereof) and with respect to Party B an amount equal to USD 1,000,000 (or the equivalent in another currency, currency unit or combination thereof).

  • (d) Credit Event Upon Merger will apply to Party A and will apply to Party B.

29

  • (e) The Automatic Early Termination provision of Section 6(a) of this Agreement will not apply to Party A and will not apply to Party B.

  • (f) “Termination Currency” means United States Dollars (“USD”).

  • (g) Additional Termination Event will apply. Each of the following shall constitute an Additional Termination Event with respect to the party specified below:

  • (i) Decline in Net Assets. On any day, the Net Asset Value of Party B (as defined below) has declined by:

    • (A) 15% or more from the Net Asset Value of Party B calculated as of the end of the immediately preceding month; or

    • (B) 25% or more from the Net Asset Value of Party B calculated as of the end of the third preceding month; or

    • (C) 35% or more from the Net Asset Value of Party B calculated as of the end of the twelfth preceding month.

For the purposes of the foregoing Additional Termination Event, Party B shall be the sole Affected Party and all Transactions shall be Affected Transactions.

“Net Asset Value” of Party B shall mean an amount in USD equal to the total assets of Party B minus the total liabilities of Party B, calculated by Party B or by Party A in its reasonable judgment, in either case, in accordance with U.S. generally accepted accounting principles or international accounting standards (in the event Party B does not apply U.S. generally accepted accounting principles).

  • (ii) Failure to Provide Net Asset Value Calculation.

Party B fails to provide its Net Asset Value information in accordance with the terms of Part 3 of this Schedule.

For the purposes of the foregoing Additional Termination Event, Party B shall be the sole Affected Party and all Transactions shall be Affected Transactions.

(iii) Breach of Investment Guideline Restrictions.

There occurs a material and continuing breach of the restrictions applicable to Party B contained in the most recent prospectus issued by Party B.

For the purposes of the foregoing Additional Termination Event, Party B shall be the sole Affected Party and all Transactions shall be Affected Transactions.

Part 2. Representations.

  • (a) Party A and Party B Payer Tax Representations. For the purpose of Section 3(e) of this Agreement, each of Party A and Party B makes the following representation:

It is not required by any applicable law, as modified by the practice of any relevant governmental revenue authority, of any Relevant Jurisdiction to make any deduction or withholding for or on account of any Tax from any payment (other than interest under Section 9(h) of this Agreement) to be made by it to the other party under this Agreement. In making this representation, it may rely on: (i) the accuracy of any representations made by the other party pursuant to Section 3(f) of this Agreement; (ii) the satisfaction of the agreement contained in Sections 4(a)(i) or 4(a)(iii) of this Agreement and the accuracy and effectiveness of any document provided by the other party pursuant to Sections 4(a)(i) or 4(a)(iii) of this Agreement; and (iii) the satisfaction of the agreement of the other

30

party contained in Section 4(d) of this Agreement, except that it will not be a breach of this representation where reliance is placed on clause (ii) and the other party does not deliver a form or document under Section 4(a)(iii) of this Agreement by reason of material prejudice to its legal or commercial position.

(b) Party A and Party B Payee Tax Representations.

  • (i) For the purpose of Section 3(f) of this Agreement, Party A makes the following representation:

It is a public limited company duly organized under the laws of England and Wales.

  • (ii) For the purpose of Section 3(f) of this Agreement, Party B makes the following representation:

It is a [TBC] duly organized under the laws of [Jurisdiction].

Part 3. Agreement to Deliver Documents.

For the purpose of Sections 4(a)(i) and (ii) of this Agreement, each party agrees to deliver the following documents, as applicable:

  • (a) Tax forms, documents or certificates to be delivered are:
Party Form/Document/Certificate Date by which to be delivered
required to
deliver
document
Party B An executed United States Internal (i) Upon the execution of this Agreement;
Revenue Service Form W-8IMY (or (ii) promptly upon reasonable demand by
any successor thereto) and any Party A; and (iii) promptly upon any Form W-
required supporting documentation. 8IMY (or any successor thereto) and any
required supporting documentation previously
provided by Party B becoming obsolete,
incorrect or expired.
  • (b) Other documents to be delivered are:

Party Covered by required to Date by which to be Section 3(d) deliver document Form/Document/Certificate delivered Representation Party A and Either (i) a signature booklet The earlier of (i) the fifth Yes Party B containing a secretary’s certificate Local Business Day after the and resolutions (“authorizing trade date of the first resolutions”) or (ii) other authority Transaction and (ii) upon documentation, in either case, execution of this Agreement which (x) authorizes the party to and as deemed necessary for enter into derivatives transactions of any further documentation. the type contemplated by the parties and (y) is reasonably satisfactory in form and substance to the other party.

31

Party A and
Party B
Party A
Party B
Party B
Party B		 Certified
copies
of
documents
evidencing each party’s capacity to
execute
this
Agreement,
each
Confirmation
and
any
Credit
Support Document (if applicable)
and to perform its obligations
hereunder and thereunder.
Upon the execution of this
Agreement, and, with respect
to a Confirmation, upon the
other party’s request.
Yes
A copy of the annual report of Party
A (or of its Credit Support Provider,
if
any)
containing
audited
consolidated financial statements
for each such fiscal year, certified
by independent certified public
accountants
and
prepared
in
accordance with generally accepted
accounting principles in the country
in which such party is organized;
provided however that Party A shall
not be required to deliver such
annual report if it is publicly
available
at
www.morganstanley.com,
or
at
www.sec.gov.
As soon as practicable after
the
execution
of
this
Agreement and also within
120 calendar days after the
end of each fiscal year while
there are any obligations
outstanding
under
this
Agreement.
Yes
A copy of the annual report of such
party
containing
audited
consolidated financial statements
for each such fiscal year, certified
by independent certified public
accountants
and
prepared
in
accordance with generally accepted
accounting principles in the country
in which such party is organized.
As soon as practicable after
the
execution
of
this
Agreement and also within
120 calendar days after the
end of each fiscal year while
there are any obligations
outstanding
under
this
Agreement.
Yes
Evidence satisfactory to Party A
that the Process Agent designated
by Party B pursuant to Part 4(b) of
this Schedule has agreed to act as
such in respect of this Agreement.
Upon request from Party A.
No
A
certificate
or
report
of
a
responsible officer of Party B, or the
Investment
Manager,
stating: (A) the Net Asset Value of
Party B as of the last day of the
most
recently
ended
calendar
month, and (B) the estimate of the
Net Asset Value of Party B as of the
close of business on the most recent
Local Business Day presented or
determined in the form or manner
customarily employed to inform
Party B’s investors of its Net Asset
Value, each of which may be
delivered by email to:
For
the
purposes
of
(A): within 10 calendar days
after the end of each such
calendar month, and for the
purposes of (B): within 2
Local
Business
Days
following the request of Party
A.
Yes

32

Party B
Party B
Party B
Party A and
Party B		 [email protected].
Copies of all relevant offering
documents of Party B as may be
amended from time to time.
The earlier of the fifth Local
Business Day after the trade
date of the first Transaction
or upon execution of this
Agreement and as deemed
necessary for any further
documentation.
Yes
The
investment
management
agreement
or
power-of-attorney
from Party B, an incumbency
certificate from Party B or Party B’s
attorney-in-fact (as appropriate) and
the Investment Manager side letter
in a form acceptable to Party A and
substantially similar to the sample
attached hereto and marked Exhibit
A.
Upon the execution of this
Agreement.
Yes
A copy of all relevant formation
documents (such as certificate of
formation, articles of incorporation,
partnership
agreement,
trust
agreement and/or central register of
charities),
disclosure
documents
(such as offering memorandum,
prospectus,
memorandum
and
articles
of
association
and/or
audited financial statement), a list of
all principals (such as directors /
trustees / general partners) (in each
case as may be amended from time
to time), the government-issued or
taxpayer identification number (as
applicable),
and
any
other
documentation required to meet
customer
identification
program
requirements.
The earlier of (i) execution of
this Agreement and (ii) the
trade
date
of
the
first
Transaction and as deemed
necessary for any further
documentation.
Yes
Such other documents as the other
party may reasonably request.
Upon request
No

Part 4. Miscellaneous.

(a) Addresses for Notices. For the purpose of Section 12(a) of this Agreement:

(i) Address for notices or communications to Party A:

For notices or communications with respect to Sections 5 or 6 only:

33

MORGAN STANLEY & CO. INTERNATIONAL PLC 25 Cabot Square / Canary Wharf London E14 4QA England Attention: Close-out Notices With a mandatory copy to: Facsimile No.: +1 212 507 4622

For notices or communications with respect to all purposes other than Sections 5 or 6:

MORGAN STANLEY & CO. INTERNATIONAL PLC 25 Cabot Square / Canary Wharf London E14 4QA England Attention: Miscellaneous Notices Facsimile No.: +1 212 404 9899

  • (ii) Address for notices or communications to Party B:

[Counterparty Name] [PLEASE INSERT DETAILS] Attention: [PLEASE INSERT DETAILS] Telephone No.: [PLEASE INSERT DETAILS] Facsimile No.: [PLEASE INSERT DETAILS]

(b) Process Agent. For the purpose of Section 13(c) of this Agreement:

  • (i) Party A does not appoint a Process Agent.

  • (ii) Party B irrevocably appoints as its Process Agent:

[PLEASE INSERT LONDON PROCESS AGENT ADDRESS]

  • (c) Offices. The provisions of Section 10(a) of this Agreement will apply to Party A and Party B.

  • (d) Multibranch Party. For the purpose of Section 10(b) of this Agreement:

Party A is not a Multibranch Party.

Party B is not a Multibranch Party.

  • (e) “Calculation Agent” means Party A.

  • (f) “Credit Support Document” means with respect to Party A, any credit support annex, any Confirmation and any other document which by its terms secures, guarantees or otherwise supports Party A’s obligations under this Agreement.

“Credit Support Document” means with respect to Party B, any credit support annex, any Confirmation and any other document which by its terms secures, guarantees or otherwise supports Party B’s obligations under this Agreement.

  • (g) “Credit Support Provider” means in relation to Party A: None.

“Credit Support Provider” means in relation to Party B: None.

  • (h) Governing Law; Jurisdiction. Sections 13(a) and (b) of the Agreement shall be deleted and replaced with the following:

34

  • “(a) Governing Law. This Agreement and any non-contractual obligations arising out of or in relation to it will be governed by and construed in accordance with the laws of England and Wales.

  • (b) Jurisdiction and Third Party Rights.

    • (i) Jurisdiction. With respect to any suit, action or proceedings relating to any dispute, whether contractual or non-contractual, arising out of or in connection with this Agreement, (“Proceedings”), each party:

      • (1) irrevocably submits to the exclusive jurisdiction of the English courts; and

      • (2) waives any objection which it may have at any time to the laying of venue of any Proceedings brought in any such court, waives any claim that such Proceedings have been brought in an inconvenient forum and further waives the right to object, with respect to such Proceedings, that such court does not have any jurisdiction over such party.

    • (ii) Third Party Rights

      • (1) Subject to this clause, a person who is not a party to this Agreement has no right under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of this Agreement.

      • (2) Notwithstanding the foregoing, an Affiliate may enforce the rights expressly granted to an Affiliate under this Agreement, if any, subject to and in accordance with this clause, Section 13(a) and (b) of this Agreement and the provisions of the Contracts (Rights of Third Parties) Act 1999. However, such an Affiliate may not bring proceedings to enforce any of those terms unless it has first given written notice to the parties (in accordance with Section 12 of this Agreement) agreeing to the provisions of Section 13 of this Agreement. The parties to this Agreement do not require the consent of any Affiliate or other third party to rescind or vary this Agreement.”

  • (i) Waiver of Jury Trial. EACH PARTY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY PROCEEDINGS RELATING TO THIS AGREEMENT OR ANY CREDIT SUPPORT DOCUMENT.

  • (j) Netting of Payments. “Multiple Transaction Payment Netting” will apply for the purpose of Section 2(c) of this Agreement to all Transactions under this Agreement, provided, however, that (i) obligations to make payments pursuant to FX Transactions shall only be netted, satisfied and discharged against obligations to make payments arising out of the same or other FX Transactions and obligations to make payments pursuant to Currency Option Transactions shall only be netted, satisfied and discharged against obligations to make payments arising out of the same or other Currency Option Transactions and (ii) Premiums in respect of Currency Option Transactions shall be netted, satisfied and discharged only against other Premiums in respect of Currency Option Transactions. The Calculation Agent shall notify the parties of the amounts of any such netted payments (which notice may be by telephone).

  • (k) “Affiliate” has the meaning specified in Section 14 of this Agreement, provided that in relation to Party A excludes Morgan Stanley Derivative Products Inc.

  • (l) Absence of Litigation . For the purpose of Section 3(c) of this Agreement “Specified Entity” shall mean Affiliates in relation to Party A and Affiliates in relation to Party B.

  • (m) No Agency. The provisions of Section 3(g) will apply to both parties of this Agreement.

35

  • (n) Additional Representation will apply. For the purpose of Section 3 of this Agreement the following Sections will constitute Additional Representations:

  • (h) Relationship Between Parties. Each party will be deemed to represent to the other party on each date on which it enters into a Transaction that (absent a written agreement between the parties that expressly imposes affirmative obligations to the contrary for that Transaction):

    • (i) Non-Reliance. It is acting for its own account, and it has made its own independent decisions to enter into that Transaction and as to whether that Transaction is appropriate or proper for it based upon its own judgment and upon advice from such advisers as it has deemed necessary. It is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into that Transaction; it being understood that information and explanations related to the terms and conditions of a Transaction shall not be considered investment advice or a recommendation to enter into that Transaction. No communication (written or oral) received from the other party shall be deemed to be an assurance or guarantee as to the expected results of that Transaction;

    • (ii) Assessment and Understanding. It is capable of assessing the merits of and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of that Transaction. It is also capable of assuming, and assumes, the risks of that Transaction; and

    • (iii) Status of Parties. The other party is not acting as a fiduciary for or an adviser to it in respect of that Transaction.

  • (i) Non-ERISA Representation. Party B represents (which representations will be deemed to be repeated by it at all times until termination of this Agreement) that it is not (i) an employee benefit plan, as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), subject to Title I of ERISA (an "ERISA Plan") or a plan subject to Section 4975 of the Internal Revenue Code of 1986, as amended, or subject to any other statute, regulation, procedure or restriction that is materially similar to Section 406 of ERISA or Section 4975 of the Code (together with ERISA Plans, "Plans"), (ii) a person any of the assets of whom constitute assets of a Plan, or (iii) in connection with any Transaction under this Agreement, a person acting on behalf of a Plan, or using the assets of a Plan. It will provide notice to the other party in the event that it is aware that it is in breach of any aspect of this representation or is aware that with the passing of time, giving of notice or expiry of any applicable grace period it will breach this representation.

  • (j) Investment Manager Trading Authorization. Party B and the Investment Manager, in its individual capacity, each represents and warrants to Party A (which representations and warranty will be deemed to be repeated by Party B and the Investment Manager, in its individual capacity at all times until the Termination of this Agreement) that:

    • (i) the Investment Manager is duly authorized and empowered by Party B to enter into and perform on behalf of Party B all the obligations of Party B under the Agreement and all Transactions thereunder:

    • (ii) each Transaction is and will be entered into by the Investment Manager on behalf of Party B and not for the Investment Manager’s own account and constitutes and will constitute legal, valid and binding obligations of Party B enforceable in accordance with its terms;

    • (iii) in respect of this Agreement, Party B has full legal capacity and power to enter into this Agreement and all Transactions thereunder and to do so through Investment Manager’s agency (and all actions required to be taken by Party B and/or each of its agents to authorize the same and all other acts, conditions, and things required to be

36

done, fulfilled or performed by it or them in relation thereto, have been done, fulfilled or performed); and

  • (iv) it is entitled to rely conclusively upon any request, order, instruction, certificate, opinion or other document or information furnished to Party A by any employee or agent of Investment Manager or a sub-adviser and reasonably believed by Party A to be genuine, as though such request, order, instruction, certificate, opinion or other document or information were given by Party B.

  • (o) Recording of Conversations. Each party (i) consents to the recording of telephone conversations between the trading, marketing and other relevant personnel of the parties in connection with this Agreement or any potential Transaction, (ii) agrees to obtain any necessary consent of, and give any necessary notice of such recording to, its relevant personnel and (iii) agrees, to the extent permitted by applicable law, that recordings may be submitted in evidence in any Proceedings.

Part 5. Other Provisions.

  • (a) Set-Off. Section 6(f) of the Agreement shall be deleted and replaced with the following:

  • “(f) Set-Off.

    • (i) In addition to any rights of set-off a party may have as a matter of law or otherwise, upon the occurrence of an Event of Default with respect to a party (“X”) hereof (or a provision analogous thereto) or a Termination Event where X is the sole Affected Party, the other party (“Y”) shall have the right (but shall not be obliged) without prior notice to X or any other person to set off any obligation of X owing to Y or any Affiliate of Y (whether or not arising under this Agreement, whether or not matured, whether or not contingent and regardless of the currency, place of payment or booking office of the obligation) against any obligations of Y or any Affiliate of Y owing to X (whether or not arising under this Agreement, whether or not matured, whether or not contingent and regardless of the currency, place of payment or booking office of the obligation).

    • (ii) For the purpose of cross-currency set off, Y may convert any obligation to another currency at a market rate determined by Y.

    • (iii) If any obligation is unascertained, Y may in good faith estimate that obligation and set off in respect of the estimate, subject to the relevant party accounting to the other when the obligation is ascertained.

    • (iv) Nothing in this paragraph will have the effect of creating a charge or other security interest. This paragraph shall be without prejudice and in addition to any right of setoff, combination of accounts, lien or other right to which any party is at any time otherwise entitled (whether by operation of law, contract or otherwise).”

  • (b) Export of Defaults. The occurrence or effective designation of an Early Termination Date with respect to an Event of Default, a Credit Event Upon Merger, or an Additional Termination Event where a party to this Agreement (“X”) is the Defaulting Party or sole Affected Party shall constitute a material breach and event of default (howsoever described) under all agreements, contracts and transactions other than this Agreement (1) between X and the other party to this Agreement (“Y”) and (2) between X and any Affiliate of Y (together, the “Other Contracts”), whereupon Y and the relevant Affiliate(s) of Y shall each have the right to terminate, liquidate and otherwise close out any such Other Contracts to which it is a party (and X shall be liable for any damages, losses, costs or other expenses suffered by Y and the relevant Affiliate(s) of Y as a result thereof).

  • (c) Single Relationship. The parties and their Affiliates intend that all Transactions and all other obligations (whether or not arising under this Agreement, whether or not matured, whether or not

37

contingent and regardless of the currency, place of payment or booking office of the obligation) shall be treated as mutual and part of a single, indivisible contractual and business relationship.

  • (d) Procedures for Entering Into Transactions. Party A will deliver to Party B a Confirmation relating to each Transaction.

  • (e) Form of Agreement. The parties hereby agree that the text of the body of the Agreement is intended to be the printed form of 2002 ISDA Master Agreement as published and copyrighted by the International Swaps and Derivatives Association, Inc.

  • (f)

  • Transfers. The following provision (c) is hereby added to Section 7 of this Agreement:

  • “(c) Party A may, for any legal, tax, accounting, or regulatory reason, transfer its rights and obligations under this Agreement or any agreement for a Specified Transaction to any Affiliate of Party A, and Party B agrees to such transfer; provided, however, that the transferee (or its Credit Support Provider) has substantially the same credit-worthiness as Party A.”

  • (g) 2002 Master Agreement Protocol. Party A and Party B each agree that either 1) it is an adherent to the ISDA 2002 Master Agreement Protocol published by the International Swaps and Derivatives Association, Inc. on July 15, 2003 (the “2002 Protocol”) or 2) in accordance with the terms of the 2002 Protocol, certain amendments shall be deemed to be made to:

  • (i) sets of definitions and provisions published before 2002 by ISDA (each an “ISDA Definitions Booklet”); and

  • (ii) documents containing credit support provisions published before 2002 by ISDA (each called “Credit Support Provisions”);

in each case in accordance with the terms of the 2002 Protocol as specified in Annexes 1-18 thereof. As used in this Agreement (including in all Confirmations related to it), any reference to any ISDA Definitions Booklet and/or Credit Support Provisions shall mean that ISDA Definitions Booklet and/or those Credit Support Provisions as deemed amended in accordance with the terms of the 2002 Protocol.

  • (h) ISDA 2013 EMIR Portfolio Reconciliation, Dispute Resolution and Disclosure Protocol. Party A and Party B hereby confirm that to the extent they are (or are in the process of becoming) adhering parties to the ISDA 2013 EMIR Portfolio Reconciliation, Dispute Resolution and Disclosure Protocol published by the International Swaps and Derivatives Association Inc. on 19 July 2013 (the “ PDD Protocol ”), the PDD Protocol and Party A and Party B’s respective elections under the PDD Protocol are incorporated into and apply to this Agreement as if this Agreement was a Protocol Covered Agreement.

  • (i) Equity Swap Transactions on Financial Underliers. The occurrence of any final valuation date of a Transaction (a) where a Party A is the equity amount payer and (b) the underlier of which is the common stock (or the equivalent thereof) of a “financial institution” (as defined in “Regulatory Capital Rules: Regulatory Capital, Implementation of Basel III, Capital Adequacy, Transition Provisions, Prompt Corrective Action, Standardized Approach for Risk-weighted Assets, Market Discipline and Disclosure Requirements, Advanced Approaches Risk-Based Capital Rule, and Market Risk Capital Rule” promulgated by the Office of the Comptroller of the Currency, Treasury; and the Board of Governors of the Federal Reserve System on July 2, 2013) or an index/basket, or security that contains the common stock (or the equivalent thereof) of a “financial institution” shall be delayed, in whole or in part, to the extent necessary to allow such Party A to unwind any hedge it may have to a Transaction; provided, however, that on any scheduled final valuation date the relevant Party A will use all commercially reasonable efforts to unwind any relevant hedge in light of then-prevailing market condition.

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  • (j) ISDA 2015 Section 871(m) Protocol. Party A is an adherent to the ISDA 2015 Section 871 (m) Protocol published by the International Swaps and Derivatives Association, Inc. on November 2, 2015, as may be amended or modified from time to time (the “Section 871(m) Protocol”). In the event that Party B is not an adherent to the Section 871(m) Protocol, Party A and Party B hereby agree that this Agreement shall be treated as a Covered Master Agreement (as that term is defined in the Section 871(m) Protocol) and certain amendments shall be deemed to be made to this Agreement in accordance with the Attachment to the Section 871(m) Protocol.

  • (k) 2015 Universal Resolution Stay Protocol. The terms of the ISDA 2015 Universal Resolution Stay Protocol are incorporated into and form part of this Agreement, and this Agreement shall be deemed a Covered Agreement for purposes thereof. In the event of any inconsistencies between this Agreement and the Protocol, the Protocol will prevail.

  • (l) Conditions Precedent. Section 2(a)(iii)(1) of the Agreement shall be modified to insert the words “Additional Termination Event” after the words “Event of Default” in line 2 thereof.

  • (m) Withholding Tax imposed on payments to non-US counterparties under the United States Foreign Account Tax Compliance Act. “Tax” as used in Part 2(a) of this Schedule (Payer Tax Representation) and “Indemnifiable Tax” as defined in Section 14 of this Agreement shall not include any U.S. federal withholding tax imposed or collected pursuant to Sections 1471 through 1474 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), any current or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b) of the Code, or any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such Sections of the Code (a " FATCA Withholding Tax "). For the avoidance of doubt, a FATCA Withholding Tax is a Tax the deduction or withholding of which is required by applicable law for the purposes of Section 2(d) of this Agreement.

Part 6. FX Transactions and Currency Option Transactions.

  • (a) Scope. If the parties enter into or have any outstanding FX Transactions or Currency Option Transactions, as each defined in the FX Definitions (hereinafter defined), (whether before or after this Agreement is entered into), this Part (FX Transactions and Currency Option Transactions) of the Schedule shall apply.

  • (b) Definitions. Any Confirmation between the parties relating to an FX Transaction or Currency Option Transaction, whether or not it is expressed to be, shall constitute a “Confirmation” as referred to in this Agreement and shall incorporate the 1998 FX and Currency Option Definitions (as published by the International Swaps and Derivatives Association, Inc., the Emerging Markets Traders Association and The Foreign Exchange Committee), including Annex A thereto as in effect on the Trade Date of the relevant Transaction (collectively, the “FX Definitions”). In the event of any inconsistency between the provisions of this Agreement and the FX Definitions, this Agreement will prevail. In the event of any inconsistency between the provisions of any Confirmation and this Agreement or the FX Definitions, such Confirmation will prevail for the purposes of the relevant Transaction.

  • (c) Discharge and Termination of Options. The FX Definitions are hereby amended by adding the following new Section 3.9:

“ Section 3.9. Discharge and Termination of Currency Option Transactions. Unless otherwise agreed, any Call or Put written by a party will automatically be terminated and discharged, in whole or in part, as applicable, against a Call or a Put, respectively, written by the other party, such termination and discharge to occur automatically upon the payment in full of the last Premium payable in respect of such Currency Option Transactions; provided that , such termination and discharge may only occur in respect of Currency Option Transactions:

  • (a) each being with respect to the same Put Currency and the same Call Currency;

39

  • (b) each having the same Expiration Date and Expiration Time;

  • (c) each being of the same style (i.e., both being American Style Options, both being European Style Options or both being Bermuda or Mid-Atlantic Style Options);

  • (d) each having the same Strike Price;

  • (e) neither of which shall have been exercised by delivery of a Notice of Exercise;

  • (f) which are otherwise identical in terms that are material for the purposes of offset and discharge;

and, upon the occurrence of such termination and discharge, neither party shall have any further obligation to the other party in respect of the relevant Currency Option Transactions or, as the case may be, parts thereof so terminated and discharged. Such termination and discharge shall be effective notwithstanding that either party (i) may fail to send out a Confirmation, (ii) may fail to record such termination and discharge in its books, or (iii) may send out a Confirmation that is inconsistent with such termination and discharge. In the case of a partial termination and discharge ( i.e. , where the relevant Currency Option Transactions are for different amounts of the Currency Pair), the remaining portion of the Currency Option Transaction which is partially terminated and discharged shall continue to be a Currency Option Transaction for all purposes hereunder.”

  • (d) Payments Relating to FX Transactions and Currency Option Transactions. In the case of FX Transactions and Currency Option Transactions only, payments shall be made to the parties as specified in the relevant Confirmation or as otherwise advised.

IN WITNESS WHEREOF , the parties have executed this Schedule by their duly authorized officers as of the date hereof.

MORGAN STANLEY & CO. INTERNATIONAL PLC

[Counterparty Name]

By: _________

Name: Title: Date:

By: _________ Name: Title: Date:

[Manager Name]

in its individual capacity with respect to Sections 3(i) and 3(j)

By: _________ Name: Title: Date:

40

EXHIBIT A

[To be specified at execution]

Morgan Stanley & Co. International plc ("Morgan Stanley") 25 Cabot Square / Canary Wharf London E14 4QA England

To Whom It May Concern: Re: The ISDA Master Agreement between [Counterparty Name] (the “ Client ”) and MORGAN STANLEY & CO. INTERNATIONAL PLC (the “ Agreement ”)

We continuously represent and warrant to Morgan Stanley that:

  • (i) we act as investment adviser for the Client and we are duly authorized and empowered by them, on their behalf and on a discretionary basis, to direct orders, enter into Transactions, sign Confirmations, and perform all of their obligations under the Agreement and all Transactions thereunder;

  • (ii) each Transaction is and will be entered into by us on behalf of the Client and constitutes a valid and binding obligation of the Client, enforceable in accordance with its terms;

  • (iii) Morgan Stanley may rely on our assurance that the Client has full legal capacity and power to enter into the ISDA Master Agreement and all Transactions thereunder and to do so through our agency (and all actions required to be taken by the Client and/or each of its agents to authorize the same and all other acts, conditions, and things required to be done, fulfilled or performed by it or them in relation thereto, have been done, fulfilled or performed); and

  • (iv) you are entitled to rely conclusively upon any request, order, instruction, certificate, opinion or other document or information furnished to you by any employee or agent of ours or a sub-adviser and reasonably believed by you to be genuine, as though such request, order, instruction, certificate, opinion or other document or information were given by the Client.

  • (v) any order given to Morgan Stanley by us (a) shall not exceed the scope of the authority granted to us by the Client and (b) will be suitable for the Client.

We agree that the representations contained in this letter will be deemed to be repeated by us on each date on which a Transaction is entered into by the Client with Morgan Stanley.

This letter shall be governed by and construed in accordance with the applicable law governing the Agreement, as amended from time to time. The terms of Section 13(b) of the Agreement, as amended from time to time, shall apply to this letter with references in such Section to "this Agreement" being deemed references to this letter.

Sincerely,

[Manager Name]

ACKNOWLEDGED AND CONFIRMED this_ day of _____ , 201_ [Counterparty Name]

By: ______ By: ______ Name: Name: Title: Title: Date: Date:

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