MESOBLAST LTD — Major Shareholding Notification 2025

Jun 2, 2025

605 Page 1 of 4

Form 605 Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme Mesoblast Ltd ACN/ARSN/ ABN 68 109 431 870

1. Details of substantial holder (1)

Name JPMorgan Chase & Co. and its affiliates

ACN/ARSN (if applicable) NA

The holder ceased to be a substantial holder on 29/May/2025 The previous notice was given to the company on 13/May/2025 The previous notice was dated 09/May/2025

605 Page 2 of 4

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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:

==> picture [507 x 447] intentionally omitted <==

----- Start of picture text -----

Date of Person whose relevant Nature of change (4) Consideration given Class (6) and Person's
change interest changed in relation to change number of votes
(5) securities affected affected
JPMORGAN CHASE 595,394 595,394
See Securities on Loan as Agent Lender
BANK, N.A. See Appendix (Ordinary) (Ordinary)
Appendix
J.P. MORGAN Holder of securities subject to an 4,800,000 4,800,000
See obligation to return under a securities
SECURITIES PLC See Appendix (Ordinary) (Ordinary)
Appendix lending agreement
J.P. MORGAN Purchase and sales of securities in its 12,061 12,061
See
SECURITIES PLC capacity as Principal/Proprietary See Appendix (Ordinary) (Ordinary)
Appendix
See J.P. MORGAN Rehypothecation of client securities 435,200 435,200
SECURITIES PLC under a Prime Brokerage Agreement See Appendix (Ordinary) (Ordinary)
Appendix
J.P. MORGAN Holder of securities subject to an 6,476,500 6,476,500
See obligation to return under a securities
SECURITIES LLC See Appendix (Ordinary) (Ordinary)
Appendix lending agreement
J.P. MORGAN Purchase and sales of securities in its 108,610 108,610
See
SECURITIES LLC capacity as Principal/Proprietary See Appendix (Ordinary) (Ordinary)
Appendix
J.P. MORGAN Rehypothecation of client securities 178,080 178,080
See
SECURITIES LLC under a Prime Brokerage Agreement See Appendix (Ordinary) (Ordinary)
Appendix
J.P. MORGAN
SECURITIES Holder of securities subject to an 700,000 700,000
See AUSTRALIA obligation to return under a securities See Appendix (Ordinary) (Ordinary)
Appendix LIMITED lending agreement
J.P. MORGAN
SECURITIES Purchase and sales of securities in its 215,222 215,222
See
AUSTRALIA capacity as Principal/Proprietary See Appendix (Ordinary) (Ordinary)
Appendix LIMITED
See J.P. MORGAN Rehypothecation of client securities 67,610 67,610
PRIME INC. under a Prime Brokerage Agreement See Appendix (Ordinary) (Ordinary)
Appendix
----- End of picture text -----

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

==> picture [381 x 119] intentionally omitted <==

----- Start of picture text -----

Name and ACN/ARSN (if applicable) Nature of association
J.P. MORGAN SECURITIES AUSTRALIA LIMITED Subsidiary of JPMorgan Chase & Co.
J.P. MORGAN SECURITIES PLC Subsidiary of JPMorgan Chase & Co.
J.P. MORGAN SECURITIES LLC Subsidiary of JPMorgan Chase & Co.
JPMORGAN CHASE BANK, N.A. Subsidiary of JPMorgan Chase & Co.
J.P. MORGAN PRIME INC. Subsidiary of JPMorgan Chase & Co.
----- End of picture text -----

605 Page 3 of 4

4. Addresses

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

Name	Name	Address
JPMorgan Chase & Co.		383 Madison Avenue, New York, New York, NY, 10179, United States
J.P. MORGAN SECURITIES AUSTRALIA LIMITED		LEVEL 18, 83-85 CASTLEREAGH STREET, SYDNEY, NSW 2000, Australia
J.P. MORGAN SECURITIES PLC		25 Bank Street,CanaryWharf,London,E14 5JP,England
J.P. MORGAN SECURITIES LLC		383 Madison Ave.,New York,New York,NY,10179,United States
JPMORGAN CHASE BANK,N.A.		1111 Polaris Parkway, Columbus, Delaware, OH, 43240, United States
J.P. MORGAN PRIME INC.		383 Madison Avenue, New York, New York, NY, 10179, United States
Signature Print name Sign here	S. Seshagiri Rao
		Date 02/June/2025

605 Page 4 of 4

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (e.g. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 4 of the form.

• (2) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (3) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (4) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (5) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional n the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (6) The voting shares of a company constitute one class unless divided into separate classes.

• (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

==> picture [555 x 702] intentionally omitted <==

----- Start of picture text -----

TRADES FOR RELEVANT PERIOD Appendix
Transaction Date Entity Product Type Type of Transaction Quantity Price (AUD) Consideration
Balance at start of relevant period 64,261,812
12-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Adjustment (20,090) - $ -
12-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 123,505 1.73 $ 213,532.98
12-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (31) 1.73 $ 53.67
12-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (123,505) 1.71 $ 210,576.03
12-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Buy 12,000 1.78 $ 21,325.66
12-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Adjustment (6,250) - $ -
12-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Buy 4,190 1.77 $ 7,422.03
13-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 6,981 1.82 $ 12,673.06
13-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 71,540 1.81 $ 129,711.61
13-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (71,540) 1.73 $ 123,406.50
13-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 57 1.82 $ 103.74
13-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (57) 1.82 $ 103.74
13-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 34 1.82 $ 61.88
13-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 3,451 1.82 $ 6,280.82
13-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (3,451) 1.82 $ 6,280.82
13-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 2,291 1.82 $ 4,169.62
13-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (2,291) 1.82 $ 4,169.62
13-May-25 J.P. MORGAN SECURITIES PLC Equity Buy 99 1.82 $ 180.18
13-May-25 J.P. MORGAN SECURITIES PLC Equity Borrow 150,000 - $ -
13-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Sell (15,000) 1.84 $ 27,608.11
13-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow Return (213,000) - $ -
13-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow 213,000 - $ -
13-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow 44,376 - $ -
13-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow 7,669 - $ -
13-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow 9,816 - $ -
13-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow 2,023,139 - $ -
13-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow Return (11,765) - $ -
14-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (4,312) 1.82 $ 7,847.84
14-May-25 J.P. MORGAN SECURITIES PLC Equity Buy 105 1.78 $ 186.90
14-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (39,462) 1.78 $ 70,242.36
14-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (1) 1.83 $ 1.83
14-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 15,328 1.79 $ 27,472.02
14-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (15,328) 1.82 $ 27,896.96
14-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (7,038) 1.78 $ 12,527.64
14-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (39,437) 1.78 $ 70,197.86
14-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 39,437 1.78 $ 70,197.86
14-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (82) 1.78 $ 145.96
14-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 82 1.78 $ 145.96
14-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Borrow 129,344 - $ -
15-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 18,006 1.78 $ 32,050.68
15-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 5,672 1.85 $ 10,471.91
15-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (14) 1.79 $ 24.99
15-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (74,272) 1.78 $ 131,972.88
15-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 23,780 1.74 $ 41,486.42
15-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow 87,000 - $ -
15-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow Return (284,000) - $ -
15-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow 11,765 - $ -
15-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow 688,235 - $ -
16-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 2,444 1.73 $ 4,228.12
16-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 74 1.80 $ 133.20
16-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (74) 1.80 $ 133.20
16-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (13,725) 1.73 $ 23,744.25
16-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 13,725 1.73 $ 23,744.25
16-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (1,175) 1.73 $ 2,032.75
16-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 267 1.73 $ 461.91
16-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (267) 1.73 $ 461.91
16-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (13,726) 1.73 $ 23,745.98
16-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 74 1.82 $ 134.68
16-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 1,175 1.69 $ 1,985.34
16-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 40,616 1.76 $ 71,363.73
16-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow 127,000 - $ -
16-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow Return (384,000) - $ -
16-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Buy 120,410 1.82 $ 218,588.80
16-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow 330,000 - $ -
19-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 268 1.76 $ 471.68
19-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 93,539 1.76 $ 164,248.78
19-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 8 1.74 $ 13.92
19-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 12,169 1.75 $ 21,303.01
19-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 28,647 1.75 $ 50,198.54
19-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 1,033 1.75 $ 1,807.75
19-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 89 1.74 $ 154.86
19-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (89) 1.74 $ 154.86
19-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 75 1.74 $ 130.50
19-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 8,773 1.76 $ 15,452.67
19-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (28,647) 1.73 $ 49,559.31
19-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 2,034 1.71 $ 3,472.85
19-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow 20,000 - $ -
19-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow Return (4,000) - $ -
19-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow Return (304,000) - $ -
19-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow Return (20,000) - $ -
19-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow Return (103,000) - $ -
19-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow Return (39,000) - $ -
19-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow 4,000 - $ -
19-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow 81,737 - $ -
19-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow 255,000 - $ -
20-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 2,419 1.74 $ 4,209.06
20-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (595) 1.75 $ 1,041.25
20-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 595 1.75 $ 1,041.25
20-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 10,733 1.75 $ 18,764.25
20-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 20,186 1.78 $ 35,931.08
20-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (87) 1.81 $ 157.04
20-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 10,162 1.75 $ 17,804.35
20-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 44,158 1.74 $ 76,872.85
20-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 9,998 1.76 $ 17,559.16
20-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 9,412 1.74 $ 16,403.23
20-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (10,162) 1.74 $ 17,681.88
20-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Buy 6,000 1.80 $ 10,778.78
20-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow Return (15,000) - $ -
20-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow Return (15,000) - $ -
20-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow 50,000 - $ -
20-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow Return (4,000) - $ -
20-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow 4,000 - $ -
20-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow Return (4,000) - $ -
20-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow Return (637,000) - $ -
20-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Buy 13,400 1.79 $ 24,028.12
20-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Sell (730) 1.79 $ 1,309.39
21-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 1,630 1.69 $ 2,746.55
21-May-25 J.P. MORGAN SECURITIES PLC Equity Sell (11,825) 1.69 $ 19,925.13
21-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (12,527) 1.69 $ 21,108.00
21-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 1,203 1.69 $ 2,027.06
21-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (1,203) 1.69 $ 2,027.06
21-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 82 1.69 $ 138.17
21-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (82) 1.69 $ 138.17
21-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (11,147) 1.71 $ 19,081.20
21-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 1,238 1.72 $ 2,123.17
21-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (581) 1.69 $ 978.99
21-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (44) 1.71 $ 75.24
21-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (519) 1.74 $ 900.47
21-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 6,501 1.71 $ 11,115.40
21-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (22) 1.72 $ 37.74
1/3
----- End of picture text -----

==> picture [555 x 702] intentionally omitted <==

----- Start of picture text -----

TRADES FOR RELEVANT PERIOD Appendix
21-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 7,488 1.72 $ 12,893.47
21-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (6,501) 1.74 $ 11,311.74
21-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 921 1.73 $ 1,591.12
21-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Buy 4,500 1.75 $ 7,873.24
21-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow Return (306,000) - $ -
21-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Sell (35,760) 1.75 $ 62,403.13
21-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow Return (125,787) - $ -
21-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow 3,629 - $ -
22-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 1,792 1.70 $ 3,046.40
22-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (1,511) 1.69 $ 2,553.59
22-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (2,221) 1.69 $ 3,753.49
22-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 2,221 1.69 $ 3,753.49
22-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 77 1.69 $ 130.13
22-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (123) 1.69 $ 207.87
22-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 123 1.69 $ 207.87
22-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 245 1.69 $ 414.05
22-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (245) 1.69 $ 414.05
22-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 982 1.69 $ 1,663.56
22-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 2,570 1.68 $ 4,319.97
22-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (80) 1.70 $ 135.80
22-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 1,285 1.70 $ 2,184.50
22-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (3,664) 1.70 $ 6,212.73
22-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (982) 1.69 $ 1,654.67
22-May-25 J.P. MORGAN SECURITIES PLC Equity Borrow 237,000 - $ -
22-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow Return (494,000) - $ -
22-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow 145,000 - $ -
22-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow Return (289,000) - $ -
22-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow Return (145,000) - $ -
22-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow 230,401 - $ -
23-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 345 1.69 $ 584.73
23-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (190) 1.69 $ 321.38
23-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (89) 1.69 $ 150.65
23-May-25 J.P. MORGAN SECURITIES PLC Equity Borrow Return (150,000) - $ -
23-May-25 J.P. MORGAN SECURITIES PLC Equity Borrow 5,000,000 - $ -
23-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Borrow Return (129,344) - $ -
23-May-25 J.P. MORGAN SECURITIES LLC Equity Borrow Return (2,756,500) - $ -
23-May-25 J.P. MORGAN SECURITIES PLC Equity - Depository Receip Sell (440) 1.68 $ 740.97
23-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Buy 9,000 1.67 $ 15,051.07
23-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow Return (96,000) - $ -
23-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow Return (421,000) - $ -
23-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow 4,347 - $ -
23-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow Return (4,347) - $ -
26-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (8,311) 1.66 $ 13,760.25
26-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 956 1.67 $ 1,594.13
26-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (28) 1.68 $ 46.97
26-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 70,246 1.66 $ 116,775.69
26-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (11,684) 1.66 $ 19,445.45
26-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (70,246) 1.71 $ 119,769.43
26-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (65) 1.71 $ 110.83
26-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 65 1.71 $ 110.83
26-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow 26,492 - $ -
26-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow 4,347 - $ -
26-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow Return (4,347) - $ -
26-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow 1,450,000 - $ -
26-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow 190,631 - $ -
27-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (7,697) 1.64 $ 12,584.60
27-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 161,451 1.62 $ 261,739.03
27-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 12,645 1.61 $ 20,360.47
27-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (153,793) 1.62 $ 248,375.70
27-May-25 J.P. MORGAN SECURITIES PLC Equity Borrow Return (237,000) - $ -
27-May-25 J.P. MORGAN SECURITIES PLC Equity Borrow Return (200,000) - $ -
27-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Sell (10,500) 1.70 $ 17,877.54
27-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow Return (110,000) - $ -
27-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Sell (12,470) 1.70 $ 21,223.53
27-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow Return (1,122) - $ -
27-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow Return (1,478) - $ -
27-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow Return (234,030) - $ -
27-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow Return (190,631) - $ -
28-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (16,153) 1.64 $ 26,410.16
28-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (95) 1.69 $ 160.31
28-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 40,526 1.69 $ 68,652.02
28-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 6,229 1.69 $ 10,533.82
28-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 18,248 1.72 $ 31,303.31
28-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 5,169 1.69 $ 8,735.61
28-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 150 1.70 $ 255.00
28-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 1,470 1.69 $ 2,480.63
28-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 3,633 1.64 $ 5,939.96
28-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (3,633) 1.64 $ 5,939.96
28-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (7,530) 1.64 $ 12,311.55
28-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 7,530 1.64 $ 12,311.55
28-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 7 1.64 $ 11.45
28-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (82) 1.69 $ 138.17
28-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 82 1.69 $ 138.17
28-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 2,167 1.69 $ 3,662.23
28-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (2,167) 1.69 $ 3,662.23
28-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (59) 1.69 $ 99.71
28-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 5,146 1.69 $ 8,696.74
28-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (5,146) 1.69 $ 8,696.74
28-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (245) 1.69 $ 414.05
28-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 245 1.69 $ 414.05
28-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Sell (1,500) 1.70 $ 2,555.85
28-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow 2,000 - $ -
28-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow Return (2,000) - $ -
28-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow Return (45,000) - $ -
28-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow 45,000 - $ -
28-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Buy 17,520 1.70 $ 29,779.40
28-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow Return (211,019) - $ -
28-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow Return (155,309) - $ -
28-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow 135,824 - $ -
29-May-25 J.P. MORGAN PRIME INC. Equity - Depository Receip On-Lend 67,610 - $ -
29-May-25 J.P. MORGAN SECURITIES LLC Equity On-Lend 84,560 - $ -
29-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip On-Lend Return (262,640) - $ -
29-May-25 J.P. MORGAN SECURITIES PLC Equity On-Lend Return (435,200) - $ -
29-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 953 1.67 $ 1,591.51
29-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (953) 1.67 $ 1,591.51
29-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 1 1.67 $ 1.67
29-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (1) 1.67 $ 1.67
29-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (131) 1.67 $ 218.12
29-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (160) 1.67 $ 266.40
29-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 160 1.67 $ 266.40
29-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 20,394 1.66 $ 33,887.32
29-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 2,911 1.67 $ 4,846.82
29-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 2,657 1.66 $ 4,404.19
29-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 9 1.67 $ 14.99
29-May-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Borrow 700,000 - $ -
29-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Buy 4,500 1.66 $ 7,460.49
29-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow Return (179,000) - $ -
29-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow Return (58,000) - $ -
29-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Borrow Return (246,000) - $ -
29-May-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receip Sell (700) 1.65 $ 1,158.33
29-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow Return (26,492) - $ -
29-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow Return (3,789,687) - $ -
29-May-25 JPMORGAN CHASE BANK, N.A. Equity Borrow Return (146,000) - $ -
2/3
----- End of picture text -----

Appendix

TRADES FOR RELEVANT PERIOD Balance at end of relevant period 63,646,807

3/3

Appendix: Prescribed information pursuant to securities lending arrangement disclosed under the substantial shareholding notice filed with ASX.

Date:		02-Jun-2025
Company’s name:		MESOBLAST LTD
ISIN:		AU000000MSB8
Date of change of **relevant interests: **		29-May-2025
Schedule
Type of agreement		Overseas Securities Lending Agreement (“OSLA”)
Parties to agreement		JPMorgan Chase Bank, N.A. (acting as agent) (“lender”) and Barclays Capital Securities Limited (“Borrower”)
Transfer date		Settlement date 24-Mar-2025
Holder of voting rights		Borrower
Are there any restriction on voting rights		Yes
If yes, detail		The borrower undertakes to use its best endeavors to arrange for the voting rights to be exercised in accordance with the instructions of the lender, provided that the lender uses its best endeavors to notify the borrower of its instructions in writing no later than 7 business days prior to the date upon which such votes are exercisable or as otherwise agreed between the parties. This undertaking is set out in clause 4(B)(vi) of the standard form OSLA.
Scheduled return date (if any)		None
Does the borrower have the right to **returnearly? **		Yes
If yes, detail		Borrower has right to return all and any equivalent securities early at any time in accordance with the lender’s instructions.
Does the lender have the right to **recallearly? **		Yes
If yes, detail		Lender has right to recall 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 relevant borrowed securities were originally delivered (and where there is a difference between the settlement time for sales and purchases on the relevant exchange or clearing organisation, the standard settlement time shall be the shorter of the two times). The borrower must return the securities not later than the expiry of such notice in accordance with the lender’s instructions.
Will the securities be returned on **settlement? **		Yes
If yes, detail any exceptions		No exceptions
Statement		If requested by the company to whom the prescribed form must be given, or if requested by ASIC, a copy of the agreement will be given to that company or ASIC.

Appendix: Prescribed information pursuant to securities lending arrangement disclosed under the substantial shareholding notice filed with ASX.

shareholding notice	filed with ASX.
Date:	02-Jun-2025
Company’s name:	MESOBLAST LTD
ISIN:	AU000000MSB8
Date of change of relevant interests:	29-May-2025
Schedule
Type of agreement	Global Master Securities Lending Agreement ("GMSLA")
Parties to agreement	JPMorgan Chase Bank, N.A. (acting as agent) (“lender”) and Citigroup Global Markets Limited (Borrower)
Transfer date	Settlement Date 07-Mar-2025 15-Apr-2025 14-May-2025 19-May-2025 20-May-2025 23-May-2025 26-May-2025
Holder of voting rights	Borrower
Are there any restriction on voting rights	Yes
If yes, detail	The borrower undertakes to use its best endeavors to arrange for the voting rights to be exercised in accordance with the instructions of the lender, provided that the lender uses its best endeavors to notify the borrower of its instructions in writing no later than 7 business days prior to the date upon which such votes are exercisable or as otherwise agreed between the parties. This undertaking is set out in clause 6.6 of the standard form GMSLA.
Scheduled return date(if any)	None
Does the borrower have the right to **return early? **	Yes
If yes, detail	Borrower has right to return all and any equivalent securities early at any time in accordance with the lender's instructions.
Does the lender have the right to **recall early? **	Yes
If yes, detail	Lender has right to recall 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 relevant borrowed securities were originally delivered (and where there is a difference between the settlement time for sales and purchases on the relevant exchange or clearing organisation, the standard settlement time shall be the shorter of the two times). The borrower must return the securities not later than the expiry of such notice in accordance with the lender's instructions.
Will the securities be returned on settlement?	Yes
If yes, detail any exceptions	No exceptions
Statement	If requested by the company to whom the prescribed form must be given, or if requested by ASIC, a copy of the agreement will begiven to that companyor ASIC.

Appendix: Prescribed information pursuant to securities lending arrangement disclosed under the substantial shareholding notice filed with ASX.

shareholding notice	filed with ASX.
Date:	02-Jun-2025
Company’s name:	MESOBLAST LTD
ISIN:	AU000000MSB8
Date of change of relevant interests:	29-May-2025
Schedule
Type of agreement	Australian Master Securities Lending Agreement (“AMSLA”)
Parties to agreement	JPMorgan Chase Bank, N.A. (acting as agent) (“lender”) and Merrill Lynch Equities (Australia) Limited(Borrower)
Transfer date	Settlement Date 11-Apr-2025 14-Apr-2025
Holder of voting rights	Borrower
Are there any restriction on voting rights	Yes
If yes, detail	The borrower undertakes to use its best endeavors to arrange for the voting rights to be exercised in accordance with the instructions of the lender, provided that the lender uses its best endeavors to notify the borrower of its instructions in writing no later than 7 business days prior to the date upon which such votes are exercisable or as otherwise agreed between the parties. This undertaking is set out in clause 4.3 of the standard form AMSLA.
Scheduled return date(if any)	None
Does the borrower have the right to **return early? **	Yes
If yes, detail	Borrower has right to return all and any equivalent securities early at any time in accordance with the lender’s instructions.
Does the lender have the right to **recall early? **	Yes
If yes, detail	Lender has right to recall 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 relevant borrowed securities were originally delivered (and where there is a difference between the settlement time for sales and purchases on the relevant exchange or clearing organisation, the standard settlement time shall be the shorter of the two times). The borrower must return the securities not later than the expiry of such notice in accordance with the lender’s instructions.
Will the securities be returned on settlement?	Yes
If yes, detail any exceptions	No exceptions
Statement	If requested by the company to whom the prescribed form must be given, or if requested by ASIC, a copy of the agreement will begiven to that companyor ASIC.

Appendix: Prescribed information pursuant to securities lending arrangement disclosed under the substantial shareholding notice filed with ASX.

Date:	02-Jun-2025
Company’s name:	MESOBLAST LTD
ISIN:	AU000000MSB8
Date of change of relevant interests:	29-May-2025
Schedule
Type of agreement	Global Master Securities Lending Agreement ("GMSLA")
Parties to agreement	JPMorgan Chase Bank, N.A. (acting as agent) (“lender”) and Merrill Lynch International(Borrower)
Transfer date	Settlement Date 13-Mar-2025 15-Apr-2025 09-May-2025 21-May-2025
Holder of voting rights	Borrower
Are there any restriction on voting rights	Yes
If yes, detail	The borrower undertakes to use its best endeavors to arrange for the voting rights to be exercised in accordance with the instructions of the lender, provided that the lender uses its best endeavors to notify the borrower of its instructions in writing no later than 7 business days prior to the date upon which such votes are exercisable or as otherwise agreed between the parties. This undertaking is set out in clause 6.6 of the standard form GMSLA.
Scheduled return date(if any)	None
Does the borrower have the right to **return early? **	Yes
If yes, detail	Borrower has right to return all and any equivalent securities early at any time in accordance with the lender's instructions.
Does the lender have the right to **recall early? **	Yes
If yes, detail	Lender has right to recall 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 relevant borrowed securities were originally delivered (and where there is a difference between the settlement time for sales and purchases on the relevant exchange or clearing organisation, the standard settlement time shall be the shorter of the two times). The borrower must return the securities not later than the expiry of such notice in accordance with the lender's instructions.
Will the securities be returned on settlement?	Yes
If yes, detail any exceptions	No exceptions
Statement	If requested by the company to whom the prescribed form must be given, or if requested by ASIC, a copy of the agreement will begiven to that companyor ASIC.

Appendix: Prescribed information pursuant to securities lending arrangement disclosed under the substantial shareholding notice filed with ASX.

shareholding notice	filed with ASX.
Date:	02-Jun-2025
Company’s name:	MESOBLAST LTD
ISIN:	AU000000MSB8
Date of change of relevant interests:	29-May-2025
Schedule
Type of agreement	Global Master Securities Lending Agreement ("GMSLA")
Parties to agreement	JPMorgan Chase Bank, N.A. (acting as agent) (“lender”) and Morgan Stanley & Co. International PLC (Borrower)
Transfer date	Settlement Date 09-Apr-2025 10-Apr-2025 11-Apr-2025 05-May-2025 30-May-2025
Holder of voting rights	Borrower
Are there any restriction on voting rights	Yes
If yes, detail	The borrower undertakes to use its best endeavors to arrange for the voting rights to be exercised in accordance with the instructions of the lender, provided that the lender uses its best endeavors to notify the borrower of its instructions in writing no later than 7 business days prior to the date upon which such votes are exercisable or as otherwise agreed between the parties. This undertaking is set out in clause 6.6 of the standard form GMSLA.
Scheduled return date(if any)	None
Does the borrower have the right to **return early? **	Yes
If yes, detail	Borrower has right to return all and any equivalent securities early at any time in accordance with the lender's instructions.
Does the lender have the right to **recall early? **	Yes
If yes, detail	Lender has right to recall 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 relevant borrowed securities were originally delivered (and where there is a difference between the settlement time for sales and purchases on the relevant exchange or clearing organisation, the standard settlement time shall be the shorter of the two times). The borrower must return the securities not later than the expiry of such notice in accordance with the lender's instructions.
Will the securities be returned on settlement?	Yes
If yes, detail any exceptions	No exceptions
Statement	If requested by the company to whom the prescribed form must be given, or if requested by ASIC, a copy of the agreement will begiven to that companyor ASIC.

Appendix: Prescribed information pursuant to securities lending transaction disclosed under the substantial shareholding notice filed with ASX.

Date:	02-Jun-2025
Company’s name:	MESOBLAST LTD
ISIN:	AU000000MSB8
Date of change of relevant interests:	29-May-2025
Schedule
Type of agreement	Australian Master Securities LendingAgreement("AMSLA")
Parties to agreement	Citibank N.A. as agent (“lender”), J.P. Morgan Securities Australia Limited (“borrower”)
Transfer date	Settlement Date 05-Mar-2025
Holder of voting rights	Borrower
Are there any restriction on voting rights	Yes
If yes, detail	The borrower undertakes to use its best endeavours to arrange for the voting rights to be exercised in accordance with the instructions of the lender, provided that the lender uses its best endeavours to notify the borrower of its instructions in writing no later than 7 business days prior to the date upon which such votes are exercisable or as otherwise agreed between the parties. This undertaking is set out in clause 4.3 of the standard form AMSLA
Scheduled return date (if any)	None
Does the borrower have **the right to return early? **	Yes
If yes, detail	Borrower has right to return all and any securities or equivalent securities early at any time in accordance with the lender’s instructions.
Does the lender have the right to recall early?	Yes
If yes, detail	Lender has right to recall all or any equivalent securities on any business day by giving such notice as agreed by the parties. The borrower must return the securities not later than the expiry of such notice in accordance with the lender’s instructions.
Will the securities be returned on settlement?	Yes
If yes, detail any exceptions	No exceptions
Statement	If requested by the company to whom the prescribed form must be given, or if requested by ASIC, a copy of the agreement will be given to that company or ASIC.

Appendix: Prescribed information pursuant to securities lending transaction disclosed under the substantial shareholding notice filed with ASX.

Date:	02-Jun-2025
Company’s name:	MESOBLAST LTD
ISIN:	AU000000MSB8
Date of change of relevant interests:	29-May-2025
Schedule
Type of agreement	Global Master Securities Lending Agreement ("GMSLA")
Parties to agreement	State Street Bank and Trust Company ("lender") and J.P. Morgan Securities Australia Limited ("borrower")
Transfer date	Settlement Date 02-Jun-2025
Holder of voting rights	Borrower
Are there any restriction on voting rights	Yes
If yes, detail	The borrower shall have no obligation to arrange for voting rights to be exercised in accordance with the instructions of the otherparty, unless otherwise agreed between theparties.
Scheduled return date (if any)	None
Does the borrower have the right to return early?	Yes
If yes, detail	Borrower has the right to terminate a loan and redeliver all and any equivalent securities due and outstanding to the lender in accordance with lender's instructions and lender shall accept such redelivery.
Does the lender have the **right to recall early? **	Yes
If yes, detail	Lender has right to recall all or any equivalent securities on any business day by giving such notice as agreed by the parties. The borrower must return the securities not later than the expiry of such notice in accordance with the lender’s instructions.
Will the securities be returned on settlement?	Yes
If yes, detail any exceptions	No exceptions
Statement	If requested by the company to whom the prescribed form must be given, or if requested by ASIC, a copy of the agreement will be given to that company or ASIC.

Appendix: Prescribed information pursuant to securities lending transaction disclosed under the substantial shareholding notice filed with ASX.

==> picture [508 x 590] intentionally omitted <==

----- Start of picture text -----

Date: 02-Jun-2025
Company’s name: MESOBLAST LTD
ISIN: AU000000MSB8
Date of change of
relevant 29-May-2025
interests:
Schedule
Type of agreement [Institutional Account Agreement ]
JP Morgan Securities LLC for itself and as agent and trustee for the other J.P. Morgan Entities and
CANACCORD GENUITY CORP,VELOCITY CLEARING, LLC,NATIONAL BANK OF CANADA FINANCIAL
INC,NATIONAL FINANCIAL SERVICES LLC,BLACKROCK,CITADEL SECURITIES LLC,APEX CLEARING
CORPORATION,TRADESTATION SECURITIES INC,VANGUARD GROUP INC (AS AGT),ROBINHOOD
Parties to SECURITIES, LLC,CHARLES SCHWAB & CO., INC,HILLTOP SECURITIES INC. (herein referred to as
agreement “JPMS” ). “ J.P. Morgan Entities”
means, as the context may require or permit, any and all of JPMSL, JPMorgan Chase Bank, N.A., J.P.
Morgan Securities LLC., J.P. Morgan Markets Limited, J.P. Morgan Securities Australia Limited, J.P.
Morgan Securities (Asia Pacific) Limited, J.P. Morgan Securities Japan Co., Ltd and J.P. Morgan Prime
Nominees Limited and any additional entity notified to the Company from time to time.
Settlement Date
24-Jan-2025
31-Jan-2025
04-Feb-2025
07-Feb-2025
11-Feb-2025
12-Feb-2025
18-Feb-2025
27-Feb-2025
28-Feb-2025
02-Apr-2025
10-Apr-2025
21-Apr-2025
23-Apr-2025
Transfer date 24-Apr-2025
30-Apr-2025
01-May-2025
02-May-2025
05-May-2025
06-May-2025
07-May-2025
08-May-2025
09-May-2025
13-May-2025
15-May-2025
19-May-2025
20-May-2025
22-May-2025
28-May-2025
JPMS is the holder of the voting rights from the time at which it exercises its right to borrow.
Holder of voting
Notwithstanding this, please note that the Company has the right to recall equivalent securities if it
rights
wishes to exercise its voting rights in respect of the securities.
----- End of picture text -----

==> picture [508 x 314] intentionally omitted <==

----- Start of picture text -----

Are there any
restriction on Yes
voting rights
JPMS will not be able to exercise voting rights in circumstances where the Company has recalled
If yes, detail equivalent securities from JPMS before the voting rights have been exercised. In these circumstances,
JPMS must return the securities to the Company and the Company holds the voting rights.
Scheduled return
N/A. There is no term to the loan of securities.
date (if any)
Does the borrower
have the right to Yes.
return early?
If yes, detail JPMS has the right to return all and any securities or equivalent securities early at any time.
Does the lender
have the right to Yes.
recall early?
If yes, detail The Company has the right to recall all or any equivalent securities on demand.
Will the securities
Yes. Settlement of the loan will occur when JPMS returns equivalent securities to the Company. There
be returned on
is no term to the loan of securities.
settlement?
If yes, detail any
exceptions
If requested by the company to whom the prescribed form must be given, or if requested by ASIC, a
Statement
copy of the agreement will be given to that company or ASIC.
----- End of picture text -----

Appendix: Prescribed information pursuant to securities lending transaction disclosed under the substantial shareholding notice filed with ASX.

**Date: **	02-Jun-2025
Company’s name:	MESOBLAST LTD
ISIN:	AU000000MSB8
Date of change of relevant interests:	29-May-2025
Schedule
Type of agreement	Global Master Securities Lending Agreement ("GMSLA")
Parties to agreement	Blackrock Advisors (UK) Limited ("lender") and J.P. Morgan Securities plc ("borrower")
Transfer date	Settlement Date 09-May-2025
Holder of voting rights	Borrower
Are there any restriction on voting rights	Yes
If yes, detail	The borrower shall have no obligation to arrange for voting rights to be exercised in accordance with the instructions of the other party, unless otherwise agreed between the parties.
Scheduled return date (if any)	None
Does the borrower have the right to return early?	Yes
If yes, detail	Borrower has the right to terminate a loan and redeliver all and any equivalent securities due and outstanding to the lender in accordance with lender's instructions and lender shall accept such redelivery.
Does the lender have the right to recall early?	Yes.
If yes, detail	Lender has right to recall 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 relevant borrowed securities were originallydelivered. The borrower must return the

	securities not later than the expiry of such notice in accordance with the lender’s instructions.
Will the securities be returned on settlement?	Yes
If yes, detail any exceptions	No exceptions
Statement	If requested by the company to whom the prescribed form must be given, or if requested by ASIC, a copy of the agreement will be given to that company or ASIC.

Appendix: Prescribed information pursuant to securities lending transaction disclosed under the substantial shareholding notice filed with ASX.

**Date: **	02-Jun-2025
Company’s name:	MESOBLAST LTD
ISIN:	AU000000MSB8
Date of change of relevant interests:	29-May-2025
Schedule
Type of agreement	Overseas Securities Lender's Agreement ("OSLA")
Parties to agreement	J.P. Morgan Securities Plc ("borrower") and Citibank N.A. acting as Agent ("lender")
Transfer date	Settlement Date 26-May-2025
Holder of voting rights	Borrower
Are there any restriction on voting rights	Yes
If yes, detail	The borrower undertakes to use its best endeavours to arrange for the voting rights to be exercised in accordance with the instructions of the lender, provided that the lender uses its best endeavours to notify the borrower of its instructions in writing no later than 7 business days prior to the date upon which such votes are exercisable or as otherwise agreed between the parties. This undertaking is set out in clause 4(B)(vi) of the standard form OSLA.
Scheduled return date (if any)	None
Does the borrower have the right to return early?	Yes
If yes, detail	Borrower has right to return all and any equivalent securities early at any time in accordance with the lender’s instructions.
Does the lender have the right to recall early?	Yes
If yes, detail	Lender has right to recall 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 relevant borrowed securities were originally delivered. The borrower must return the securities not later than the expiry of such notice in accordance with the lender’s instructions.

Will the securities be returned on settlement?	Yes
If yes, detail any exceptions	No exceptions
Statement	If requested by the company to whom the prescribed form must be given, or if requested by ASIC, a copy of the agreement will be given to that company or ASIC.

Appendix: Prescribed information pursuant to securities lending transaction disclosed under the substantial shareholding notice filed with ASX.

**Date: **	02-Jun-2025
Company’s name:	MESOBLAST LTD
ISIN:	AU000000MSB8
Date of change of relevant interests:	29-May-2025
Schedule
Type of agreement	Global Master Securities Lending Agreement ("GMSLA")
Parties to agreement	J.P. Morgan Securities plc ("borrower") and UBS Switzerland AG ("lender")
Transfer date	Settlement Date 09-Apr-2025 10-Apr-2025 11-Apr-2025 14-Apr-2025 28-Apr-2025
Holder of voting rights	Borrower
Are there any restriction on voting rights	Yes
If yes, detail	The borrower shall have no obligation to arrange for voting rights to be exercised in accordance with the instructions of the other party, unless otherwise agreed between the parties.
Scheduled return date (if any)	None
Does the borrower have the right to return early?	Yes
If yes, detail	Borrower has the right to terminate a loan and redeliver all and any equivalent securities due and outstanding to the lender in accordance with lender's instructions and lender shall accept such redelivery.
Does the lender have the right to recall early?	Yes
If yes, detail	Lender has right to recall 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 relevant borrowed securities were originallydelivered. The borrower must return the

	securities not later than the expiry of such notice in accordance with the lender’s instructions.
Will the securities be returned on settlement?	Yes
If yes, detail any exceptions	No exceptions
Statement	If requested by the company to whom the prescribed form must be given, or if requested by ASIC, a copy of the agreement will be given to that company or ASIC.