INGHAMS GROUP LIMITED — Major Shareholding Notification 2020

May 3, 2020

Form 604

Corporations Act 2001 Section 671B

Notice of Change of Interests of Substantial Holder

To Company Name/Scheme: Inghams Group Ltd (ASX code: ING) ACN/ARSN: ACN 162 709 506

1. Details of Substantial Holder

Name: Sumitomo Mitsui Trust Holdings, Inc. (SMTH) and its Subsidiaries as listed in Annexure 3

ACN/ARSN (if applicable) n/a

There was a change in the Interests 29 April 2020 of the Substantial Holder on:

The previous notice was given to the company on: 6 March 2020

The previous notice was dated: 4 March 2020

2. Previous & 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
Fully Paid Ordinary	31,846,513	8.57%	28,013,408	7.54%

3. Changes in Relevant Interests

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

Date of Change	Person whose Relevant Interest Changed	Nature of Change	Consideration Given in Relation to Change	Class & Number of Securities Affected	Person’s Votes Affected
Refer Annexure 1

4. Present Relevant Interest

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	Persons Entitled to be Registered as Holder	Nature of Relevant Interest	Class & Number of Securities	Persons Votes
Refer Annexure 2

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:

Name & ACN/ARSN (ifapplicable)	Nature of Association
n/a

6. Addresses

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

Name	Address
Nikko AM Limited (NAML)	Level 26, One International Towers Sydney, 100 Barrangaroo Avenue, Barangaroo, NSW 2000
Sumitomo Mitsui Trust Holdings, Inc. (SMTH)	1-4-1 Marunouchi, Chiyoda-ku Tokyo 100- 8233, Japan
Nikko Asset Management Co., Ltd (NAM)	Midtown Tower, 9-7-1 Akasaka, Minato-ku Tokyo107-6242Japan

Signature

Print Name: Saffick Ramjahn Capacity: Authorised Person of SMTH Signed: Date: 04 May 2020

ANNEXURE 1

Part 3 - Changes in Relevant Interests

Date Range of Change	Person whose Relevant Interest Changed	Nature of Change	Consideration Given in Relation to Change	Class & Number of Securities Affected	Person’s Votes Affected
05 March 2020 to 29 April 2020	Nikko AM Limited (NAML)	Purchase of Shares	$ 1,284,474	Fully Paid Ordinary & 381,566	381,566
05 March 2020 to 29 April 2020	Nikko AM Limited (NAML)	Sales of Shares	$ 13,934,084	Fully Paid Ordinary & 4,159,522	4,159,522
05 March 2020 to 29 April 2020	Nikko Asset Management Co, Ltd (NAM)	Sales of Shares	$ 188,713	Fully Paid Ordinary & 55,149	55,149

ANNEXURE 2

Part 4 - Present Relevant Interest

Holder of Relevant Interest	Registered Holder of Securities	Person Entitled to be Registered as Holder	Nature of Relevant Interest	Class & Number of Securities	Person’s Votes
Nikko AM Limited (NAML)	BNP Paribas Security Services PtyLtd	BNP Paribas Security Services Pty Ltd 60 Castlereagh Street SydneyNSW 2000	Investment Manager	Fully Paid Ordinary & 2,696,106	2,696,106
Nikko AM Limited (NAML)	BNP Paribas Security Services PtyLtd	BNP Paribas Security Services Pty Ltd 60 Castlereagh Street SydneyNSW 2000	Investment Manager	Fully Paid Ordinary & 838,772	838,772
Nikko AM Limited (NAML)	BNP Paribas Security Services PtyLtd	BNP Paribas Security Services Pty Ltd 60 Castlereagh Street SydneyNSW 2000	Investment Manager	Fully Paid Ordinary & 185,630	185,630
Nikko AM Limited (NAML)	BNP Paribas Security Services PtyLtd	BNP Paribas Security Services Pty Ltd 60 Castlereagh Street SydneyNSW 2000	Investment Manager	Fully Paid Ordinary & 329,931	329,931
Nikko AM Limited (NAML)	JP Morgan Nominees Australia Ltd	JP Morgan Nominees Australia Ltd Level 26, Grosvenor Place, 225 George Street SydneyNSW 2000	Investment Manager	Fully Paid Ordinary & 446,352	446,352

Holder of Relevant Interest	Registered Holder of Securities	Person Entitled to be Registered as Holder	Nature of Relevant Interest	Class & Number of Securities	Person’s Votes
Nikko AM Limited (NAML)	BNP Paribas Security Services PtyLtd	BNP Paribas Security Services Pty Ltd 60 Castlereagh Street SydneyNSW 2000	Investment Manager	Fully Paid Ordinary & 1,598,812	1,598,812
Nikko AM Limited (NAML)	Citicorp Nominees Pty Limited	Citicorp Nominees Pty Limited Level 25 2 Park Street SYDNEY NSW 2000	Investment Manager	Fully Paid Ordinary & 2,906,726	2,906,726
Nikko AM Limited (NAML)	National Australia Bank Limited (NAB Custodian Services)	National Australia Bank Limited (NAB Custodian Services) Level 23, 255 George St, Sydney NSW 2000 Australia	Investment Manager	Fully Paid Ordinary & 1,539,599	1,539,599
Nikko AM Limited (NAML)	Citicorp Nominees Pty Limited	Citicorp Nominees Pty Limited Level 25 2 Park Street SYDNEY NSW 2000	Investment Manager	Fully Paid Ordinary & 139,605	139,605
Nikko AM Limited (NAML)	BNP Paribas Security Services PtyLtd	BNP Paribas Security Services Pty Ltd 60 Castlereagh Street SydneyNSW 2000	Investment Manager	Fully Paid Ordinary & 405,984	405,984
Nikko AM Limited (NAML)	BNP Paribas Security Services PtyLtd	BNP Paribas Security Services PtyLtd	Investment Manager	Fully Paid Ordinary & 204,542	204,542

Holder of Relevant Interest	Registered Holder of Securities	Person Entitled to be Registered as Holder	Nature of Relevant Interest	Class & Number of Securities	Person’s Votes
		60 Castlereagh Street SydneyNSW 2000
Nikko AM Limited (NAML)	National Australia Bank Limited (NAB Custodian Services)	National Australia Bank Limited (NAB Custodian Services) Level 23, 255 George St, Sydney NSW 2000 Australia	Investment Manager	Fully Paid Ordinary & 798,866	798,866
Nikko AM Limited (NAML)	Citicorp Nominees Pty Limited	Citicorp Nominees Pty Limited Level 25 2 Park Street SYDNEY NSW 2000	Investment Manager	Fully Paid Ordinary & 609,955	609,955
Nikko AM Limited (NAML)	JP Morgan Nominees Australia Ltd	JP Morgan Nominees Australia Ltd Level 26, Grosvenor Place, 225 George Street SydneyNSW 2000	Investment Manager	Fully Paid Ordinary & 613,792	613,792
Nikko AM Limited (NAML)	BNP Paribas Security Services PtyLtd	BNP Paribas Security Services Pty Ltd 60 Castlereagh Street SydneyNSW 2000	Investment Manager	Fully Paid Ordinary & 820,561	820,561
Nikko AM Limited (NAML)	BNP Paribas Security Services PtyLtd	BNP Paribas Security Services Pty Ltd 60 Castlereagh Street SydneyNSW 2000	Investment Manager	Fully Paid Ordinary & 931,469	931,469

Holder of Relevant Interest	Registered Holder of Securities	Person Entitled to be Registered as Holder	Nature of Relevant Interest	Class & Number of Securities	Person’s Votes
Nikko AM Limited (NAML)	JP Morgan Nominees Australia Ltd	JP Morgan Nominees Australia Ltd Level 26, Grosvenor Place, 225 George Street SydneyNSW 2000	Investment Manager	Fully Paid Ordinary & 313,975	313,975
Nikko AM Limited (NAML)	JP Morgan Nominees Australia Ltd	JP Morgan Nominees Australia Ltd Level 26, Grosvenor Place, 225 George Street SydneyNSW 2000	Investment Manager	Fully Paid Ordinary & 134,756	134,756
Nikko AM Limited (NAML)	HSBC Custody Nominees (Australia) Limited	HSBC Custody Nominees (Australia) Limited Level 36, Tower 1, International Towers Sydney, 100 Barangaroo Avenue, SydneyNSW 2000	Investment Manager	Fully Paid Ordinary & 2,588,828	2,588,828
Nikko AM Limited (NAML)	BNP Paribas Security Services PtyLtd	BNP Paribas Security Services Pty Ltd 60 Castlereagh Street SydneyNSW 2000	Investment Manager	Fully Paid Ordinary & 256,231	256,231
Nikko AM Limited (NAML)	JP Morgan Nominees Australia Ltd	JP Morgan Nominees Australia Ltd	Investment Manager	Fully Paid Ordinary & 630,932	630,932

Holder of Relevant Interest	Registered Holder of Securities	Person Entitled to be Registered as Holder	Nature of Relevant Interest	Class & Number of Securities	Person’s Votes
		Level 26, Grosvenor Place, 225 George Street SydneyNSW 2000
Nikko AM Limited (NAML)	JP Morgan Nominees Australia Ltd	JP Morgan Nominees Australia Ltd Level 26, Grosvenor Place, 225 George Street SydneyNSW 2000	Investment Manager	Fully Paid Ordinary & 2,810,393	2,810,393
Nikko AM Limited (NAML)	HSBC Custody Nominees (Australia) Limited	HSBC Custody Nominees (Australia) Limited Level 36, Tower 1, International Towers Sydney, 100 Barangaroo Avenue, SydneyNSW 2000	Investment Manager	Fully Paid Ordinary & 766,072	766,072
Nikko AM Limited (NAML)	State Street Australia Limited	State Street Australia Limited, 420 George Street, Sydney, NSW 2000	Investment Manager	Fully Paid Ordinary & 3,120,226	3,120,226
Nikko AM Limited (NAML)	State Street Australia Limited	State Street Australia Limited, 420 George Street, Sydney, NSW 2000	Investment Manager	Fully Paid Ordinary & 172,882	172,882

Holder of Relevant Interest	Registered Holder of Securities	Person Entitled to be Registered as Holder	Nature of Relevant Interest	Class & Number of Securities	Person’s Votes
Nikko AM Limited (NAML)	State Street Australia Limited	State Street Australia Limited, 420 George Street, Sydney, NSW 2000	Investment Manager	Fully Paid Ordinary & 1,875,330	1,875,330
Nikko Asset Management Co., Ltd (NAM)	Mizuho Trust & BankingCo.,Ltd.	1-2-1 Yaesu, Chuo-ku, Tokyo	Investment Manager	Fully Paid Ordinary & 277,081	277,081

Annexure 3 Sumitomo subsidiaries

Sumitomo Mitsui Trust Holdings Inc. Subsidiaries: Sumitomo Mitsui Trust Bank, Limited Sumitomo Mitsui Trust Asset Management Co., Ltd. Sumitomo Mitsui Trust International Limited Nikko Asset Management Co., Ltd. Nippon Institutional Securities Co., Ltd. Nikko Asset Management Americas, Inc. Nikko Asset Management Asia Limited Nikko Asset Management Australia Limited Nikko Asset Management Europe Ltd Nikko AM Limited Nikko Asset Management International Limited AIIMAN Asset Management Sdn.Bhd. Nikko Asset Management New Zealand Limited Nikko AM Americas Holding Co., Inc. Nikko AM Global Holdings Limited Nikko Asset Management Hong Kong Limited Nikko AM Global Cayman Limited Nikko AM (Cayman) Ltd Nikko Asset Management Luxembourg S.A. NAMA Investment Partneres,Inc. Nikko AM Equities Australia Pty Limited Affin Hwang Asset Management Berhad AccelVantage Academy Sdn.Bhd. Rongtong Fund Management Co., Ltd Shen Zhen Rongtong Capital Management Co., Ltd. Rongtong Global Investment Limited Bintang Capital Partners Berhad Mutual Fund & Insurance Research Institute MJV Co., Ltd. Sky Ocean Asset Management Co,Ltd. JP Asset Management Co.,Ltd. SBI Sumishin Net Bank, Ltd. SBI Sumishin Net Bank Card Co., Ltd. SBI Card Co., Ltd. NetMove Corporation Dayta Consulting Co., Ltd. Sumitomo Mitsui Trust General Service Co., Ltd. Sumitomo Mitsui Trust Career Partners Co., Ltd. HR One Corporation HR One Shanghai Co., Ltd. Sumitomo Mitsui Trust Systems & Services Co., Ltd. Sumitomo Mitsui Trust Guarantee Co., Ltd. Sumishin Guaranty Company Limited Sumitomo Mitsui Trust Wealth Partners Co., Ltd. Sumitomo Mitsui Trust Card Co., Ltd. Sumitomo Mitsui Trust Club Co., Ltd. Sumitomo Mitsui Trust Life Partners Co., Ltd. Sumitomo Mitsui Trust Business Service Co., Ltd. Cardif Assurance Vie Japan Cardif Assurances Risques Divers Japan Sumitomo Mitsui Trust Loan & Finance Co., Ltd. Sumitomo Mitsui Trust Panasonic Finance Co., Ltd. Japan Machinery Leasing and Sales Co., Ltd. Sumitomo Mitsui Trust Leasing （ SINGAPORE ） Pte.Ltd. OIF(PANAMA) S.A. SMPT OCEAN PTE.LTD. Sumishin Life Card Company, Limited

Zijin Trust Co., Ltd Nanjing Zijin Financial Leasing Co., Ltd. Marubeni SumiT Rail Transport Inc. Midwest Rail Corporation Sumitomo Mitsui Trust Bank(Thai) Public Company Limited BIDV-SuMi TRUST Leasing Co.,Ltd. Japan Management Succession Support Co. Ltd. Sumitomo Mitsui Trust Investment Co., Ltd. Sumitomo Mitsui Trust(Hong Kong) Limited Sumitomo Mitsui Trust Real Estate Investment Management Co., Ltd. Enex Asset Management Co., Ltd. Tokyo Securities Transfer Agent Co.,Ltd. Japan Securities Agents, Ltd. Sumitomo Mitsui Trust TA Solution, Ltd. Japan Stockholders Data Service Company ， Limited Sumitomo Mitsui Trust Research Institute Co., Ltd. Sumitomo Mitsui Trust Realty Co., Ltd. Mitsui & Co., Logistics Partners Ltd. JTC Holdings, Ltd. Japan Trustee Services Bank, Ltd. Trust & Custody Services Bank, Ltd NS Holdings LLP NS Asset Management LLP Sumitomo Mitsui Trust Bank (Luxembourg)S.A. Sumitomo Mitsui Trust Bank (U.S.A.) Limited Sumitomo Mitsui Trust (Ireland) Limited SMT Fund Services (Ireland) Limited SMT Trustees (Ireland) Limited G.A.S. (Cayman) Limited Sumitomo Mitsui Trust (UK) Limited Japan Pension Operation Service, Ltd.