ECOGRAF LIMITED — Major Shareholding Notification 2021

Feb 23, 2021

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|---|---|
|Form 604|
|Corporations Act 2001|
|Section 671B|
|Notice of change of interests of substantial holder|
|To: Company Name/Scheme:|Ecograf Limited|
|ACN/ARSN|117 330 757|
|1. Details of substantial holder|
|Name|First Sentier Investors Holdings Pty Limited ACN 630 725 558 and its related bodies corporate listed in annexure A|
|There was a change in the interests of the|22/02/2021|
|substantial holder on|
|The previous notice was given to the company on|19/02/2021|
|The previous notice was dated|16/02/2021|

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2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant interest in when last required, and when now required, to give a substantial holding notice to the company or scheme are as follows:

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Class of securities Previous notice Present notice
Person’s votes Voting power (%) Person’s votes Voting power (%)
Fully Paid ordinary shares 40,175,549 11.04 39,261,624 8.63
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*Note these securities are comprised of 38,453,836 in which First Sentier Investors Holdings Pty Limited and its subsidiaries have voting power and 807,788 in which First Sentier Investors Holdings Pty Limited's ultimate parent entity (Mitsubishi UFJ Financial Group, Inc (MUFJ) on and from 22 February 2021), has informed us that it has voting power prior to the date of this notice.

3. Changes in relevant interest

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

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|---|---|---|---|---|---|---|
|Person whose|Class and number|
|Date of change|relevant interest changed|Nature of change|Consideration given in relation to change|of securities affected|Person's votesaffected|
|See annexure B to this notice|
|4.Present relevant interests|
|Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:|
|Holder of|
|relevant|Registered holder|Person entitled to be|Nature of relevant|Class and number|Person's votes|
|interest|of securities|registered as holder|interest|of securities|
|Relevant interest under paragraph|
|608(1)(b) and/or 608(1)(c) of the|
|Corporations Act 2001 (Cth), being a|
|relevant interest arising from having|
|the power to control the exercise of|
|the right to vote attached to securities|
|and/or to control the exercise of the|
|power to dispose of securities in its|
|First Sentier Investors|capacity as investment manager (as|
|(Australia) IM Ltd ACN 114 194 311|Citicorp Nominees Pty Limited (Australia)|provided for under its investment mandates). In addition, if any OTC|38,453,836|[Fully paid ]|ordinary shares|38,453,836|
|derivatives, warrants or other|
|securities (other than ordinary shares|
|or ordinary units (as applicable)) are|
|referred to below in this row, the|
|relevant interest in respect of those|
|securities arises under subsection|
|608(8) being an accelerated relevant|
|interest held in the same capacity.|
|MUFJ owns 100% of First Sentier|
|Investors Holdings Pty Limited|
|(indirectly) and has informed First|
|Sentier Investors Holdings Pty Limited|
|that it has a relevant interest in the|
|shares noted in this column.|
|Accordingly, First Sentier Investors|
|Holdings Pty Limited has a relevant|
|Mitsubishi UFJ Financial|Unknown|interest or voting power in those shares pursuant to section 608(3) or|807,788|[Fully paid ]|807,788|
|Group, Inc.|section 12(2)(a) of the Corporations|ordinary shares|
|Act (as relevant). MUFJ has not|
|provided any further details of that|
|relevant interest - accordingly no|
|transaction information is recorded in|
|Appendix B or holder information is|
|recorded in Section 4. Reference is|
|made to any subsequent filing of|
|MUFJ which will reflect this interest.|

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5. Changes in association

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

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Name and ACN/ARSN (if applicable) Nature of association
6. Addresses
The addresses of persons named in this form are as follows:
Name Address
First Sentier Investors (Australia) IM Ltd ACN 114 194 311 Level 5, Tower Three International Towers Sydney, 300 Barangaroo Avenue, Barangaroo NSW 2000
Mitsubishi UFJ Financial Group, Inc. 2-7-1, Marunouchi, Chiyoda-ku, Tokyo 100-8330, Japan
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Signature

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Dated the 24 day of Februray 2021

Rachel Lim - Company Secretary

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Annexure A

This is annexure A referred to in Form 604, Notice of change of interest of substantial holder dated 22/02/2021

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Rachel Lim Company Secretary Dated the 24/02/2021

SCHEDULE

CFSIM (COMPANY NO. 00153197) FIRST SENTIER INVESTORS (MALTA) LIMITED (COMPANY CODE C41267) FIRST SENTIER INVESTORS (MALTA) HOLDINGS LIMITED (COMPANY CODE C41260) FIRST SENTIER INVESTORS (LUXEMBOURG) EDIF II GP S.Á.R.L(COMPANY NO. B204413) FIRST SENTIER INVESTORS (AUSTRALIA) IM LTD (ACN 114 194 311) FIRST SENTIER INVESTORS (AUSTRALIA) INFRASTRUCTURE HOLDINGS LTD (ACN 085 313 926) FIRST SENTIER INVESTORS (AUSTRALIA) INFRASTRUCTURE MANAGERS PTY LTD (ACN 101 384 294) FIRST SENTIER INVESTORS (AUSTRALIA) IP HOLDINGS PTY LIMITED (ACN 625 765 399) FIRST SENTIER INVESTORS (AUSTRALIA) RE LTD (ACN 006 464 428) FIRST SENTIER INVESTORS (AUSTRALIA) SERVICES PTY LIMITED (ACN 624 305 595) FIRST SENTIER INVESTORS (HONG KONG) NOMINEES LIMITED (CR NO. 0206615) FIRST SENTIER INVESTORS (HONG KONG) AMC LIMITED (CR NO. 0580652) FIRST SENTIER INVESTORS (HONG KONG) LIMITED (CR NO. 0206616) FIRST SENTIER INVESTORS (IRELAND) LIMITED (COMPANY NO. 629188) FIRST SENTIER INVESTORS (JAPAN) LIMITED (COMPANY NUMBER 0104-01-093090) FIRST SENTIER INVESTORS (LUXEMBOURG) EDIF I FEEDERS MC S.A.R.L (COMPANY NO. B134314) FIRST SENTIER INVESTORS (LUXEMBOURG) EDIF I MC S.A.R.L (COMPANY NO. B128117) FIRST SENTIER INVESTORS (SINGAPORE) (REGISTRATION NO. 196900420D) FIRST SENTIER INVESTORS (SINGAPORE) HOLDINGS LIMITED (REGISTRATION NO. 199901706Z) FIRST SENTIER INVESTORS (UK) FUNDS LIMITED (COMPANY NO. 02294743) FIRST SENTIER INVESTORS (UK) IM LIMITED (COMPANY NO. SC047708) FIRST SENTIER INVESTORS (UK) SERVICES LIMITED (COMPANY NO. 03904320) FIRST SENTIER INVESTORS (US) LLC (FILE NUMBER 546 9442) FIRST SENTIER INVESTORS ASIA HOLDINGS LIMITED (ACN 054 571 701) FIRST SENTIER INVESTORS EUROPE HOLDINGS LIMITED (COMPANY NO. 03904310) FIRST SENTIER INVESTORS INTERNATIONAL IM LIMITED (COMPANY NO. SC079063) FIRST SENTIER INVESTORS REALINDEX PTY LTD (ACN 133 312 017) FIRST STATE INFRASTRUCTURE MANAGERS (INTERNATIONAL) LIMITED (COMPANY NO. 298444) FSIB LTD (REGISTRATION NO. 26193) MITSUBISHI UFJ FINANCIAL GROUP, INC (REGISTRATION NO. 0100-01-073486) MITSUBISHI UFJ TRUST AND BANKING CORPORATION (REGISTRATION NO. 0100-01-008770) SI HOLDINGS LIMITED (COMPANY NO. SC109439)

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AnnexureB

Annexure B

This is annexure B referred to in Form 604, Notice of change of interest of substantial holder dated 22/02/2021

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Rachel Lim Company Secretary Dated the 24/02/2021

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Person whose relevant interest Consideration given in Class and number of Person's
Date of change changed Nature of change relation to change securities affected votes affected
Friday, 19 February 2021 First Sentier Investors (Australia) IM Ltd ACN 114 194 311 Sale 171,078.53 201,665 Ordinary shares 201,665
Thursday, 18 February 2021 First Sentier Investors (Australia) IM Ltd ACN 114 194 311 Sale 311,521.80 308,377 Ordinary shares 308,377
Wednesday, 17 February 2021 First Sentier Investors (Australia) IM Ltd ACN 114 194 311 Sale 994,501.06 1,000,000 Ordinary shares 1,000,000
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