HASTINGS TECHNOLOGY METALS LTD — Major Shareholding Notification 2023

Jul 9, 2023

Form 604

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

To: Company Name/Scheme:	Hastings Technology Metals Limited
ACN/ARSN	122 911 399
1. Details of substantial holder	Mitsubishi UFJ Financial Group, Inc.
Name
There was a change in the interests of the	5 July 2023
substantial holder on
The previous notice was given to the company on	6 July 2023
The previous notice was dated	6 July 2023
The holder became aware on	7 July 2023

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:

company or scheme are as follows:
Class of securities	Previous notice		Present notice
	Person’s votes	Voting power(%)	Person’s votes	Voting power(%)
FullyPaid ordinaryshares	10,708,661	8.28%	14,249,807	11.02%

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:

as follows:
Date of change	Person whose relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of securities affected	Person's votes affected
See Annexure A to this notice
4.Present relevant interests Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:
Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder	Nature of relevant interest	Class and number of securities	Person's votes
Mitsubishi UFJ Financial Group, Inc.	Citicorp Nominees Pty Limited (Australia)	Not applicable	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.	305,293 Fully paid ordinary shares	305,293
Mitsubishi UFJ Financial Group, Inc.	State Street Global Advisors (Australia) Limited	Not applicable	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.	14,073 Fully paid ordinary shares	14,073
Mitsubishi UFJ Financial Group, Inc.	HSBC Custody Nominees (Australia) Limited	Not applicable	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.	13,727,264 Fully paid ordinary shares	13,727,264
Mitsubishi UFJ Financial Group, Inc.	Morgan Stanley Australia Securities (Nominee) Pty Limited	Not applicable	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.	203,177 Fully paid ordinary shares	203,177

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:

substantial holder in relation to voting interests in the company or scheme are as follows:
Name and ACN/ARSN (if applicable)	Nature of association
Not applicable
6. Addresses The addresses of persons named in this form are as follows:
Name	Address
Mitsubishi UFJ Financial Group,Inc.	2-7-1,Marunouchi,Chiyoda-ku,Tokyo 100-8330,Japan

Signature

Page 1

Form 604

Dated 10 July 2023

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Authorised signatory

Page 2

Annexure A

Annexure A

This is Annexure A of 2 pages referred to in Form 604, Notice of change of interest of substantial holder dated 10 July 2023

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Authorised signatory Dated 10 July 2023

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
4/07/2023	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	743.12	463 Fully Paid Ordinary Shares	463
4/07/2023	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	421.92	288 Fully Paid Ordinary Shares	288
4/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	2,997.72	2,271 Fully Paid Ordinary Shares	2,271
4/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	51.87	38 Fully Paid Ordinary Shares	38
4/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	8,731.68	6,581 Fully Paid Ordinary Shares	6,581
4/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	3,027.06	2,259 Fully Paid Ordinary Shares	2,259
4/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	1,397.46	1,039 Fully Paid Ordinary Shares	1,039
4/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	1,511.74	1,154 Fully Paid Ordinary Shares	1,154
4/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	514.35	381 Fully Paid Ordinary Shares	381
4/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	1,300.29	974 Fully Paid Ordinary Shares	974
4/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	6,490.45	4,790 Fully Paid Ordinary Shares	4,790
4/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	51.30	38 Fully Paid Ordinary Shares	38
4/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	1,113.21	837 Fully Paid Ordinary Shares	837
4/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	412.72	308 Fully Paid Ordinary Shares	308
4/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	3,476.80	2,624 Fully Paid Ordinary Shares	2,624
4/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	2,272.32	1,728 Fully Paid Ordinary Shares	1,728
4/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	1,974.70	1,519 Fully Paid Ordinary Shares	1,519
4/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	581.04	432 Fully Paid Ordinary Shares	432
4/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	1,372.86	1,052 Fully Paid Ordinary Shares	1,052
4/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	575.89	433 Fully Paid Ordinary Shares	433
4/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	845.35	638 Fully Paid Ordinary Shares	638
4/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	3,267.00	2,420 Fully Paid Ordinary Shares	2,420
4/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	542.64	399 Fully Paid Ordinary Shares	399
4/07/2023	Mitsubishi UFJ Financial Group, Inc.	Borrow by an entity controlled by Morgan Stanley - see Annexure B	N/A	2,043 Fully Paid Ordinary Shares	2,043
4/07/2023	Mitsubishi UFJ Financial Group, Inc.	Collateral Returned by an entity controlled by Morgan Stanley-see Annexure B	N/A	1,254,534 Fully Paid Ordinary Shares	1,254,534

Page 3

Annexure A

5/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	12.60	9 Fully Paid Ordinary Shares	9
5/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	674.96	477 Fully Paid Ordinary Shares	477
5/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	491.04	341 Fully Paid Ordinary Shares	341
5/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	600.66	423 Fully Paid Ordinary Shares	423
5/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	805.56	588 Fully Paid Ordinary Shares	588
5/07/2023	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,469.26	1,492 Fully Paid Ordinary Shares	1,492
5/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	35.04	24 Fully Paid Ordinary Shares	24
5/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	274.48	188 Fully Paid Ordinary Shares	188
5/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	528.08	368 Fully Paid Ordinary Shares	368
5/07/2023	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	701.10	410 Fully Paid Ordinary Shares	410
5/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	102.60	71 Fully Paid Ordinary Shares	71
5/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	1,264.40	872 Fully Paid Ordinary Shares	872
5/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	328.02	231 Fully Paid Ordinary Shares	231
5/07/2023	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	864.60	524 Fully Paid Ordinary Shares	524
5/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	434.50	316 Fully Paid Ordinary Shares	316
5/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	65.52	48 Fully Paid Ordinary Shares	48
5/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	91.20	64 Fully Paid Ordinary Shares	64
5/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	427.72	296 Fully Paid Ordinary Shares	296
5/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	8.76	6 Fully Paid Ordinary Shares	6
5/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	796.64	567 Fully Paid Ordinary Shares	567
5/07/2023	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	54.94	41 Fully Paid Ordinary Shares	41
5/07/2023	Mitsubishi UFJ Financial Group, Inc.	Borrow by an entity controlled by Morgan Stanley - see Annexure B	N/A	611 Fully Paid Ordinary Shares	611
5/07/2023	Mitsubishi UFJ Financial Group, Inc.	Collateral Received by an entity controlled by Morgan Stanley-see Annexure B	N/A	4,847,874 Fully Paid Ordinary Shares	4,847,874

Page 4

Annexure B

Annexure B

This is Annexure B of 2 pages referred to in Form 604, Notice of change of interest of substantial holder dated 10 July 2023

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Authorised signatory Dated 10 July 2023

The below schedules are based on the relevant standard agreements. The entity filing the report will, if requested by the company or responsible entity to whom the prescribed form must be given or ASIC, give a copy of the agreement to the company, responsible entity or ASIC.

Schedule	Schedule
Type of Agreement	Global Master Securities LendingAgreement
Parties to agreement	Morgan Stanley& Co. Internationalplc and UBS SWITZERLAND AG
Transfer Date	20230516;
Holder of Voting Rights	Borrower
Are there any restrictions on voting rights?	~~Yes/~~ No
Ifyes, detailNot applicable
Scheduled Return Date (if any)	Open
Does the borrower have the right to return early?	Yes~~/No~~
Ifyes, detailThe Borrower is entitled at anytime to terminate a Loan and to redeliver all and anyEquivalent Securities due and outstandingto the Lender in accordance with the Lender's instructions.
Does the lender have the right to recall early?	Yes~~/No~~
If yes, detailThe Lender is entitled to terminate a Loan and to call for the redelivery 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 clearingorganisation through which the Loaned Securities were originallydelivered.
Will the securities be returned on settlement?	Yes~~/No~~
If yes, detail any exceptionsIf the Borrower does not redeliver Equivalent Securities in accordance with the Agreement, the Lender may by written notice to Borrower terminate the Loan forthwith and the Parties' delivery and payment obligations in respect thereof.
Schedule
Type of Agreement	Global Master Securities LendingAgreement
Parties to agreement	Morgan Stanley& Co. Internationalplc and SCHRODER INTERNATIONAL SELECTION FUND
Transfer Date	20230616;20230619;20230620;20230622;20230626;20230630;
Holder of Voting Rights	Borrower
Are there any restrictions on voting rights?	~~Yes/~~ No
Ifyes, detailNot applicable
Scheduled Return Date (if any)	Open
Does the borrower have the right to return early?	Yes~~/No~~
Ifyes, detailThe Borrower is entitled at anytime to terminate a Loan and to redeliver all and anyEquivalent Securities due and outstandingto the Lender in accordance with the Lender's instructions.
Does the lender have the right to recall early?	Yes~~/No~~
If yes, detailThe Lender is entitled to terminate a Loan and to call for the redelivery 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 clearingorganisation through which the Loaned Securities were originallydelivered.
Will the securities be returned on settlement?	Yes~~/No~~
If yes, detail any exceptionsIf the Borrower does not redeliver Equivalent Securities in accordance with the Agreement, the Lender may by written notice to Borrower terminate the Loan forthwith and the Parties' delivery and payment obligations in respect thereof.

Schedule	Schedule
Type of Agreement	International Prime Brokerage Agreement
Parties to agreement	Morgan Stanley & Co. International plc for itself and as agent and trustee for and on behalf of the other Morgan Stanley Companies and L1 LONG SHORT FUND LIMITED
Transfer Date	20230705;
Holder of Voting Rights	Prime broker has the right to vote securities rehypothecated from the Client.
Are there any restrictions on voting rights?	~~Yes/~~ No
Ifyes, detailNot applicable
Scheduled Return Date (if any)	Open
Does the borrower have the right to return early?	Yes~~/No~~
Ifyes, detailPrime broker mayreturn shares which were rehypothecated from the client at anytime.
Does the lender have the right to recall early?	Yes~~/No~~
Ifyes, detailPrime broker will be required to return to the client shares rehypothecated from the client's account upon a sale of those shares bythe client.
Will the securities be returned on settlement?	Yes~~/No~~
If yes, detail any exceptionsUpon an Event of Default, the default market value of all Equivalent Securities to be delivered will be determined and on the basis of the amounts so established, an account shall be taken of what is due from eachpartyto the other. The amounts due from onepartyshall be set off against the amounts due from the otherpartyand onlythe balance of the account shall bepayable.
Schedule
Type of Agreement	International Prime Brokerage Agreement
Parties to agreement	Morgan Stanley & Co. International plc for itself and as agent and trustee for and on behalf of the other Morgan Stanley Companies and EQUITY TRUSTEES LIMITEDAS TRUSTEEFORL1CAPITAL LONG SHORT FUND
Transfer Date	20230705;
Holder of Voting Rights	Prime broker has the right to vote securities rehypothecated from the Client.
Are there any restrictions on voting rights?	~~Yes/~~ No
Ifyes, detailNot applicable
Scheduled Return Date (if any)	Open
Does the borrower have the right to return early?	Yes~~/No~~
Ifyes, detailPrime broker mayreturn shares which were rehypothecated from the client at anytime.
Does the lender have the right to recall early?	Yes~~/No~~
Ifyes, detailPrime broker will be required to return to the client shares rehypothecated from the client's account upon a sale of those shares bythe client.
Will the securities be returned on settlement?	Yes~~/No~~
If yes, detail any exceptionsUpon an Event of Default, the default market value of all Equivalent Securities to be delivered will be determined and on the basis of the amounts so established, an account shall be taken of what is due from eachpartyto the other. The amounts due from onepartyshall be set off against the amounts due from the otherpartyand onlythe balance of the account shall bepayable.
Schedule
Type of Agreement	International Prime Brokerage Agreement
Parties to agreement	Morgan Stanley & Co. International plc for itself and as agent and trustee for and on behalf of the other Morgan Stanley Companies and CGS-CIMB SECURITIES (SINGAPORE) PTE. LTD.
Transfer Date	20230705;
Holder of Voting Rights	Prime broker has the right to vote securities rehypothecated from the Client.
Are there any restrictions on voting rights?	~~Yes/~~ No
Ifyes, detailNot applicable
Scheduled Return Date (if any)	Open
Does the borrower have the right to return early?	Yes~~/No~~

Page 5

Annexure B

Ifyes, detailPrime broker mayreturn shares which were rehypothecated from the client at anytime.	Ifyes, detailPrime broker mayreturn shares which were rehypothecated from the client at anytime.
Does the lender have the right to recall early?	Yes~~/No~~
Ifyes, detailPrime broker will be required to return to the client shares rehypothecated from the client's account upon a sale of those shares bythe client.
Will the securities be returned on settlement?	Yes~~/No~~
If yes, detail any exceptionsUpon an Event of Default, the default market value of all Equivalent Securities to be delivered will be determined and on the basis of the amounts so established, an account shall be taken of what is due from eachpartyto the other. The amounts due from onepartyshall be set off against the amounts due from the otherpartyand onlythe balance of the account shall bepayable.
Schedule
Type of Agreement	International Prime Brokerage Agreement
Parties to agreement	Morgan Stanley & Co. International plc for itself and as agent and trustee for and on behalf of the other Morgan Stanley Companies and L1 CAPITAL LONG SHORT (MASTER) FUND
Transfer Date	20230705;
Holder of Voting Rights	Prime broker has the right to vote securities rehypothecated from the Client.
Are there any restrictions on voting rights?	~~Yes/~~ No
Ifyes, detailNot applicable
Scheduled Return Date (if any)	Open
Does the borrower have the right to return early?	Yes~~/No~~
Ifyes, detailPrime broker mayreturn shares which were rehypothecated from the client at anytime.
Does the lender have the right to recall early?	Yes~~/No~~
Ifyes, detailPrime broker will be required to return to the client shares rehypothecated from the client's account upon a sale of those shares bythe client.
Will the securities be returned on settlement?	Yes~~/No~~
If yes, detail any exceptionsUpon an Event of Default, the default market value of all Equivalent Securities to be delivered will be determined and on the basis of the amounts so established, an account shall be taken of what is due from eachpartyto the other. The amounts due from onepartyshall be set off against the amounts due from the otherpartyand onlythe balance of the account shall bepayable.

Page 6