GR ENGINEERING SERVICES LIMITED — Major Shareholding Notification 2019

Nov 7, 2019

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To: Company Name/Scheme:	GR ENGINEERING SERVICES LTD
ACN/ARSN	121 542 738
1. Details of substantial holder
Name	Mitsubishi UFJ Financial Group, Inc.
There was a change in the interests of the	5 November 2019
substantial holder on
The previous notice was given to the company on	6 November 2019
The previous notice was dated	6 November 2019
The holder became aware on	7 November 2019
2. Previous and present voting power
The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or
an associate had a relevant interest in when last required,	and when now required, to give a substantial holding notice to the
company or scheme are as follows:

Class of securities	Previous notice	Previous notice	Present notice	Present notice
	Person’s votes	Voting power(%)	Person’s votes	Voting power(%)
FullyPaid ordinaryshares	20,596,300	13.41	17,384,697	11.32

3. Changes in relevant interest

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

Date of change	Person whose relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of securities affected	Person's votes affected
See annexure A to this notice
4.Present relevant interests Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:
Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder	Nature of relevant interest	Class and number of securities	Person's votes
Mitsubishi UFJ Financial Group, Inc.	Morgan Stanley Australia Securities (Nominee) Pty Limited		Relevant interest in securities that Morgan Stanley has a relevant interest in under section 608(3) of the Corporations Act as Mitsubishi UFJ Financial Group, Inc. has voting power of over 20% in Morgan Stanley.	167,394 Ordinary Shares	167,394
Mitsubishi UFJ Financial Group, Inc.	Citicorp Nominees Pty Limited (Australia)		Relevant interest in securities that First Sentier Investors Holdings Pty Limited has a relevant interest in under section 608(3) of the Corporations Act as Mitsubishi UFJ Financial Group, Inc. has voting power of 100% in First Sentier Investors Holdings Pty Limited.	14,964,538 Fully paid ordinary shares	14,964,538
Mitsubishi UFJ Financial Group, Inc.	Citibank N A Hong Kong		Relevant interest in securities that First Sentier Investors Holdings Pty Limited has a relevant interest in under section 608(3) of the Corporations Act as Mitsubishi UFJ Financial Group, Inc. has voting power of 100% in First Sentier Investors Holdings Pty Limited.	1,433,601 Fully paid ordinary shares	1,433,601
Mitsubishi UFJ Financial Group, Inc.	JPMorgan (UK)		Relevant interest in securities that First Sentier Investors Holdings Pty Limited has a relevant interest in under section 608(3) of the Corporations Act as Mitsubishi UFJ Financial Group, Inc. has voting power of 100% in First Sentier Investors Holdings Pty Limited.	476,575 Fully paid ordinary shares	476,575
Mitsubishi UFJ Financial Group, Inc.	National Custodian Services		Relevant interest in securities that First Sentier Investors Holdings Pty Limited has a relevant interest in under section 608(3) of the Corporations Act as Mitsubishi UFJ Financial Group, Inc. has voting power of 100% in First Sentier Investors Holdings Pty Limited.	342,589 Fully paid ordinary shares	342,589

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:	The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:
Name and ACN/ARSN (if applicable)	Nature of association
N/A
6. Addresses The addresses of persons named in this form are as follows:
Name	Address
Mitsubishi UFJ Financial Group,Inc.	2-7-1,Marunouchi,Chiyoda-ku,Tokyo 100-8330,Japan

Signature

Dated 8 November 2019

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Authorised signatory

Annexure A

This is annexure A of 1 page referred to in Form 604, Notice of change of interest of substantial holder dated 8 November 2019

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Authorised signatory Dated 8 November 2019

Date of change	Person whose relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of securities affected	Person's votes affected
5 November 2019	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by First Sentier Investors Holdings PtyLimited	2,472,934.31	3,211,603 Ordinaryshares	3,211,603