MESOBLAST LTD — Major Shareholding Notification 2025

Jan 9, 2025

604 Page 1 of 4

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of 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 There was a change in the interests of the 07/January/2025 substantial holder on The previous notice was given to the company on 23/December/2024 The previous notice was dated 19/December/2024

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 (2) had a relevant interest (3) 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 (4)	Previous notice		Present notice
	Person’s votes	Voting power(5)	Person’s votes	Voting power(5)
Ordinary	95,254,918	8.34%	82,169,534	7.16%

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 (6)	Consideration given in relation to change (7) Class and number of securities affected	Consideration given in relation to change (7) Class and number of securities affected	Person's votes affected
See Appendix	JPMORGAN CHASE BANK, N.A.	Securities on Loan as Agent Lender	See Appendix	4,526,577 (Ordinary)	4,526,577 (Ordinary)
See Appendix	J.P. MORGAN SECURITIES PLC	Holder of securities subject to an obligation to return under a securities lending agreement	See Appendix	165,830 (Ordinary)	165,830 (Ordinary)
See Appendix	J.P. MORGAN SECURITIES PLC	Purchase and sales of securities in its capacity as Principal/Proprietary	See Appendix	26,642 (Ordinary)	26,642 (Ordinary)
See Appendix	J.P. MORGAN SECURITIES LLC	Holder of securities subject to an obligation to return under a securities lending agreement	See Appendix	10,012,700 (Ordinary)	10,012,700 (Ordinary)

604 Page 2 of 4

See Appendix	J.P. MORGAN SECURITIES LLC	Purchase and sales of securities in its capacity as Principal/Proprietary	See Appendix	19,590 (Ordinary)	19,590 (Ordinary)
See Appendix	J.P. MORGAN SECURITIES LLC	Rehypothecation of client securities under a Prime Brokerage Agreement	See Appendix	905,540 (Ordinary)	905,540 (Ordinary)
See Appendix	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Purchase and sales of securities in its capacity as Principal/Proprietary	See Appendix	668,361 (Ordinary)	668,361 (Ordinary)
See Appendix	J.P. MORGAN PRIME INC.	Rehypothecation of client securities under a Prime Brokerage Agreement	See Appendix	410 (Ordinary)	410 (Ordinary)

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

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Holder of relevant interest Registered holder of Person entitled to Nature of relevant interest Class and Person's
securities be registered as (6) number of votes
holder (8) securities
Various
Borrowers under
JPMORGAN CHASE JPM Nominees Australia the Securities Securities on Loan as Agent 18,783,937 18,783,937
BANK, N.A. Pty Limited Lender (Ordinary) (Ordinary)
Lending
Agreement
JPM Nominees Holder of securities subject
J.P. MORGAN JPM Nominees Australia to an obligation to return 17,787,628 17,787,628
SECURITIES PLC Pty Limited Australia Pty Limited under a securities lending (Ordinary) (Ordinary)
agreement
J.P. MORGAN Purchase and sales of
J.P. MORGAN JPM Nominees Australia 220,358 220,358
SECURITIES PLC Pty Limited SECURITIES PLC securities in its capacity as Principal/Proprietary (Ordinary) (Ordinary)
J.P. MORGAN Various Clients Rehypothecation of client 2,780,620 2,780,620
Citi Australia securities under a Prime
SECURITIES LLC and Custodians (Ordinary) (Ordinary)
Brokerage Agreement
J.P. MORGAN Purchase and sales of
J.P. MORGAN 19,590 19,590
SECURITIES LLC Citi Australia SECURITIES LLC securities in its capacity as Principal/Proprietary (Ordinary) (Ordinary)
Holder of securities subject
J.P. MORGAN Citi Australia Citi Australia to an obligation to return 32,642,327 32,642,327
SECURITIES LLC under a securities lending (Ordinary) (Ordinary)
agreement
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604 Page 3 of 4

	604 Page 3 of 4	604 Page 3 of 4	604 Page 3 of 4	604 Page 3 of 4	604 Page 3 of 4	604 Page 3 of 4
	J.P. MORGAN SECURITIES AUSTRALIA LIMITED Ecapital Nominees Pty Ltd J.P. MORGAN SECURITIES AUSTRALIA LIMITED Purchase and sales of securities in its capacity as Principal/Proprietary 1,084,290 (Ordinary) 1,084,290 (Ordinary)
	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Ecapital Nominees Pty Ltd	Ecapital Nominees Pty Ltd	Holder of securities subject to an obligation to return under a securities lending agreement	8,850,784 (Ordinary)	8,850,784 (Ordinary)

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) 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
J.P. MORGAN SECURITIES AUSTRALIA LIMITED Subsidiary of JPMorgan Chase & Co.
J.P. MORGAN SECURITIES LLC Subsidiary of JPMorgan Chase & Co.
J.P. MORGAN SECURITIES PLC 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.
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6. Addresses

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

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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 LLC 383 Madison Ave., New York, New York, NY, 10179, United States
J.P. MORGAN SECURITIES PLC 25 Bank Street, Canary Wharf, London, E14 5JP, England
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
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Signature

print name sign here	S. Seshagiri Rao Capacity Compliance Officer
	Date 09/January/2025

604 Page 4 of 4

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. 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 6 of the form.

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

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

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

• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) 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.

• (7) 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 on 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.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

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

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TRADES FOR RELEVANT PERIOD Appendix
Transaction Date Entity Product Type Type of Transaction Quantity Price (AUD) Consideration
Balance at start of relevant period 95,254,918
20-Dec-24 J.P. MORGAN SECURITIES PLC Equity Buy 455 2.42 $ 1,101.10
20-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (321,964) 2.59 $ 834,826.25
20-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (3,476) 2.46 $ 8,562.66
20-Dec-24 J.P. MORGAN SECURITIES PLC Equity Borrow 200,000 - $ -
20-Dec-24 J.P. MORGAN SECURITIES PLC Equity Borrow 300,000 - $ -
20-Dec-24 J.P. MORGAN SECURITIES LLC Equity Adjustment (84,600) - $ -
20-Dec-24 J.P. MORGAN SECURITIES PLC Equity - Depository Receipt Buy 13,240 2.34 $ 30,988.32
20-Dec-24 J.P. MORGAN SECURITIES PLC Equity - Depository Receipt Buy 13,240 2.34 $ 30,988.32
20-Dec-24 JPMORGAN CHASE BANK, N.A. Equity Borrow 500,000 - $ -
20-Dec-24 JPMORGAN CHASE BANK, N.A. Equity - Depository Receipt Borrow 1,200 - $ -
23-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 66,339 2.57 $ 170,452.75
23-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (690) 2.60 $ 1,796.39
23-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 138,743 2.58 $ 358,271.61
23-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 197,900 2.60 $ 515,127.57
23-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (66,339) 2.56 $ 169,669.82
23-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (76,094) 2.56 $ 194,987.91
23-Dec-24 JPMORGAN CHASE BANK, N.A. Equity Borrow 200,000 - $ -
23-Dec-24 JPMORGAN CHASE BANK, N.A. Equity Borrow 500,000 - $ -
23-Dec-24 JPMORGAN CHASE BANK, N.A. Equity Borrow 200,000 - $ -
23-Dec-24 JPMORGAN CHASE BANK, N.A. Equity - Depository Receipt Borrow 8,000 - $ -
24-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 59,369 2.70 $ 160,296.30
24-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (59,369) 2.62 $ 155,620.64
24-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (682) 2.60 $ 1,771.23
24-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (143,250) 2.60 $ 372,326.95
24-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 80,601 2.70 $ 217,300.70
24-Dec-24 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (146,000) - $ -
24-Dec-24 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (96,000) - $ -
24-Dec-24 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (40,000) - $ -
24-Dec-24 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (50,000) - $ -
24-Dec-24 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (23,000) - $ -
25-Dec-24 J.P. MORGAN SECURITIES PLC Equity Buy 694 2.55 $ 1,769.70
26-Dec-24 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (58,000) - $ -
26-Dec-24 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (15,000) - $ -
26-Dec-24 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (7,000) - $ -
26-Dec-24 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (80,000) - $ -
26-Dec-24 JPMORGAN CHASE BANK, N.A. Equity - Depository Receipt Borrow Return (1,200) - $ -
27-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (3,754) 2.77 $ 10,391.03
27-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 59,019 2.80 $ 165,026.45
27-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (48,420) 2.74 $ 132,674.72
27-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 643,061 2.79 $ 1,791,822.60
27-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 48,420 2.77 $ 134,245.66
27-Dec-24 J.P. MORGAN SECURITIES PLC Equity Borrow Return (707,830) - $ -
27-Dec-24 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (496,000) - $ -
27-Dec-24 J.P. MORGAN SECURITIES PLC Equity - Depository Receipt Sell (130) 2.82 $ 366.58
27-Dec-24 J.P. MORGAN SECURITIES PLC Equity - Depository Receipt Sell (870) 2.82 $ 2,453.29
27-Dec-24 JPMORGAN CHASE BANK, N.A. Equity Borrow 345,000 - $ -
30-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 151,688 2.86 $ 434,132.57
30-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (35,656) 2.79 $ 99,598.90
30-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 19,862 2.80 $ 55,613.60
30-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (14,739) 2.90 $ 42,743.10
30-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 54,883 2.84 $ 156,045.49
30-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (39,817) 2.83 $ 112,682.11
30-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (39,471) 2.83 $ 111,702.93
30-Dec-24 J.P. MORGAN SECURITIES PLC Equity Buy 229 2.90 $ 664.10
30-Dec-24 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (70,000) - $ -
30-Dec-24 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (2,000) - $ -
30-Dec-24 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (3,000) - $ -
30-Dec-24 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (1,000) - $ -
30-Dec-24 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (2,000) - $ -
30-Dec-24 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (6,000) - $ -
30-Dec-24 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (1,000) - $ -
30-Dec-24 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (45,000) - $ -
30-Dec-24 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (50,000) - $ -
30-Dec-24 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (1,000) - $ -
30-Dec-24 JPMORGAN CHASE BANK, N.A. Equity Borrow 19,400 - $ -
30-Dec-24 JPMORGAN CHASE BANK, N.A. Equity Borrow 600 - $ -
30-Dec-24 JPMORGAN CHASE BANK, N.A. Equity Borrow Return (200,000) - $ -
31-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (68,722) 3.25 $ 223,597.68
31-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 24,964 3.24 $ 80,977.60
31-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 85,251 3.20 $ 272,884.87
31-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (14,802) 3.28 $ 48,603.03
31-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (10,489) 2.90 $ 30,418.10
31-Dec-24 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (16,529) 2.90 $ 47,934.10
31-Dec-24 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (4,000) - $ -
31-Dec-24 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (192,000) - $ -
31-Dec-24 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Buy 26,000 3.25 $ 84,481.15
31-Dec-24 JPMORGAN CHASE BANK, N.A. Equity Borrow Return (200,000) - $ -
02-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (2,294) 3.31 $ 7,593.20
02-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (40,687) 3.29 $ 133,740.69
02-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 94,239 3.28 $ 308,697.18
02-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 234,708 3.25 $ 763,668.48
02-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 6,606 3.32 $ 21,928.17
02-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (15,045) 3.10 $ 46,639.50
02-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (6,606) 3.10 $ 20,478.60
02-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (36,825) 3.10 $ 114,157.50
02-Jan-25 J.P. MORGAN SECURITIES LLC Equity Borrow Return (167,800) - $ -
02-Jan-25 J.P. MORGAN SECURITIES LLC Equity Borrow Return (84,600) - $ -
02-Jan-25 J.P. MORGAN SECURITIES LLC Equity Borrow Return (142,900) - $ -
02-Jan-25 J.P. MORGAN SECURITIES LLC Equity Borrow Return (464,700) - $ -
02-Jan-25 J.P. MORGAN SECURITIES LLC Equity Borrow Return (3,000,100) - $ -
02-Jan-25 J.P. MORGAN SECURITIES LLC Equity Borrow Return (6,000,000) - $ -
02-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow 1,250,000 - $ -
02-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (3,000) - $ -
02-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow 900,000 - $ -
02-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (690,000) - $ -
02-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (60,000) - $ -
02-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (885,000) - $ -
02-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (5,000) - $ -
02-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow 540,000 - $ -
02-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (47,000) - $ -
02-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (15,000) - $ -
02-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (8,000) - $ -
02-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (1,070,000) - $ -
02-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (1,000) - $ -
02-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (42,000) - $ -
1/2
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TRADES FOR RELEVANT PERIOD Appendix
02-Jan-25 J.P. MORGAN SECURITIES PLC Equity - Depository Receipt Borrow 6,000 - $ -
02-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Sell (4,000) 3.41 $ 13,642.55
02-Jan-25 JPMORGAN CHASE BANK, N.A. Equity Borrow 32,200 - $ -
02-Jan-25 JPMORGAN CHASE BANK, N.A. Equity - Depository Receipt Borrow Return (80,000) - $ -
03-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 1,031 3.17 $ 3,272.86
03-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (191,799) 3.25 $ 622,453.54
03-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (11,532) 3.23 $ 37,248.36
03-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 185 3.22 $ 595.08
03-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (6,226) 3.35 $ 20,857.10
03-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (25,570) 3.35 $ 85,659.50
03-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (23,000) - $ -
03-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (17,000) - $ -
03-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (500,000) - $ -
03-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow 10,000 - $ -
03-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow 289,000 - $ -
03-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (56,000) - $ -
03-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow 40,000 - $ -
03-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (260,000) - $ -
03-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (99,000) - $ -
03-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (111,000) - $ -
03-Jan-25 J.P. MORGAN SECURITIES PLC Equity - Depository Receipt Borrow 31,000 - $ -
03-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Buy 4,780 3.24 $ 15,470.49
03-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Sell (10,000) 3.29 $ 32,908.42
03-Jan-25 JPMORGAN CHASE BANK, N.A. Equity Borrow 200,000 - $ -
03-Jan-25 JPMORGAN CHASE BANK, N.A. Equity Borrow Return (500,000) - $ -
03-Jan-25 JPMORGAN CHASE BANK, N.A. Equity Borrow Return (600) - $ -
03-Jan-25 JPMORGAN CHASE BANK, N.A. Equity Borrow Return (4,687) - $ -
03-Jan-25 JPMORGAN CHASE BANK, N.A. Equity - Depository Receipt Borrow Return (8,000) - $ -
03-Jan-25 JPMORGAN CHASE BANK, N.A. Equity - Depository Receipt Borrow Return (20,000) - $ -
06-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 23,164 3.18 $ 73,572.92
06-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 5,327 3.17 $ 16,862.21
06-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 18,335 3.14 $ 57,551.84
06-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (18,335) 3.17 $ 58,121.95
06-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (5,327) 3.17 $ 16,886.59
06-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (23,164) 3.17 $ 73,429.88
06-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (600,000) - $ -
06-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow 65,000 - $ -
06-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow 65,000 - $ -
06-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow 260,000 - $ -
06-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow 310,000 - $ -
06-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow 700,000 - $ -
06-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow 150,000 - $ -
06-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow 400,000 - $ -
06-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow 200,000 - $ -
06-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow 104,000 - $ -
06-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow 350,000 - $ -
06-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow 118,000 - $ -
06-Jan-25 J.P. MORGAN SECURITIES PLC Equity - Depository Receipt Borrow 5,000 - $ -
06-Jan-25 J.P. MORGAN SECURITIES PLC Equity - Depository Receipt Sell (320) 3.04 $ 971.36
06-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Sell (7,000) 3.21 $ 22,498.39
06-Jan-25 JPMORGAN CHASE BANK, N.A. Equity Borrow Return (620,997) - $ -
06-Jan-25 JPMORGAN CHASE BANK, N.A. Equity Borrow Return (19,400) - $ -
06-Jan-25 JPMORGAN CHASE BANK, N.A. Equity Borrow Return (845,000) - $ -
06-Jan-25 JPMORGAN CHASE BANK, N.A. Equity - Depository Receipt Borrow 13,000 - $ -
07-Jan-25 J.P. MORGAN PRIME INC. Equity - Depository Receipt On-Lend Return (410) - $ -
07-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt On-Lend 905,540 - $ -
07-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (16,986) 2.88 $ 48,870.83
07-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 9,004 2.86 $ 25,750.12
07-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 19,367 2.90 $ 56,105.44
07-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (155) 2.99 $ 463.45
07-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Buy 81,283 2.92 $ 237,422.28
07-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (79,103) 3.05 $ 241,264.15
07-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (2,067) 3.05 $ 6,304.35
07-Jan-25 J.P. MORGAN SECURITIES AUSTRALIA LIMITED Equity Sell (9,004) 3.05 $ 27,462.20
07-Jan-25 J.P. MORGAN SECURITIES PLC Equity Buy 104 3.05 $ 317.20
07-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (650,000) - $ -
07-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow 200,000 - $ -
07-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow 1,000,000 - $ -
07-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (65,000) - $ -
07-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (156,000) - $ -
07-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (540,000) - $ -
07-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (65,000) - $ -
07-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (260,000) - $ -
07-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (104,000) - $ -
07-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (201,000) - $ -
07-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (10,000) - $ -
07-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (289,000) - $ -
07-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow 159,000 - $ -
07-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (40,000) - $ -
07-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow 1,550,000 - $ -
07-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (350,000) - $ -
07-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Borrow Return (118,000) - $ -
07-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Sell (30) 2.87 $ 86.19
07-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Buy 9,810 2.87 $ 28,183.64
07-Jan-25 J.P. MORGAN SECURITIES LLC Equity - Depository Receipt Buy 30 2.87 $ 86.19
07-Jan-25 JPMORGAN CHASE BANK, N.A. Equity Borrow Return (1,435) - $ -
07-Jan-25 JPMORGAN CHASE BANK, N.A. Equity Borrow Return (1,000,000) - $ -
07-Jan-25 JPMORGAN CHASE BANK, N.A. Equity Borrow Return (3,031,658) - $ -
07-Jan-25 JPMORGAN CHASE BANK, N.A. Equity - Depository Receipt Borrow Return (13,000) - $ -
Balance at End of relevant period 82,169,534
----- End of picture text -----

2/2

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

shareholding notice	filed with ASX.
Date:	09-Jan-2025
Company’s name:	MESOBLAST LTD
ISIN:	AU000000MSB8
Date of change of relevant interests:	07-Jan-2025
Schedule
Type of agreement	Global Master Securities Lending Agreement ("GMSLA")
Parties to agreement	JPMorgan Chase Bank, N.A. (acting as agent) (“lender”) and Goldman Sachs International (Borrower)
Transfer date	Settlement Date 07-Jan-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.

Date:	09-Jan-2025
Company’s name:	MESOBLAST LTD
ISIN:	AU000000MSB8
Date of change of relevant interests:	07-Jan-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 16-Dec-2024 23-Dec-2024
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:	09-Jan-2025
Company’s name:	MESOBLAST LTD
ISIN:	AU000000MSB8
Date of change of relevant interests:	07-Jan-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 19-Nov-2024 20-Nov-2024 27-Nov-2024 28-Nov-2024 09-Dec-2024 10-Dec-2024 20-Dec-2024 23-Dec-2024 06-Jan-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.

==> picture [509 x 611] intentionally omitted <==

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

Date: 09-Jan-2025
Company’s name: MESOBLAST LTD
ISIN: AU000000MSB8
Date of change of
07-Jan-2025
relevant interests:
Schedule
Institutional Account Agreement
Type of agreement
JP Morgan Securities LLC for itself and as agent and trustee for the other J.P. Morgan Entities and
RBC CAPITAL MARKETS LLC, NATIONAL FINANCIAL SERVICES LLC - AS AGENT, CHARLES
SCHWAB & CO., INC, VANGUARD GROUP INC (AS AGT), CANACCORD GENUITY CORP,
JPMORGAN CHASE BANK, AS AGENT, STATE STREET BANK AND TRUST CO (AS AGENT),
BLACKROCK, COWEN AND COMPANY, LLC, NATIONAL FINANCIAL SERVICES LLC,
Parties to agreement ROBINHOOD SECURITIES, LLC (herein referred to as “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
01-Oct-24
17-Oct-24
18-Nov-24
20-Nov-24
Transfer date 09-Dec-24
12-Dec-24
23-Dec-24
02-Jan-25
06-Jan-25
07-Jan-25
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.
Are there any
restriction on voting Yes
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 recall Yes.
early?
If yes, detail The Company has the right to recall all or any equivalent securities on demand.
----- End of picture text -----

Will the securities be Yes. Settlement of the loan will occur when JPMS returns equivalent securities to the Company. There 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.

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

**Date: **		09-Jan-2025
Company’s name:		MESOBLAST LTD
ISIN:		AU000000MSB8
Date of change of relevant interests:		07-Jan-2025
Schedule
Type of agreement		Australian Master Securities Lending Agreement ("AMSLA")
Parties to agreement		BNP Paribas Fund Securities Services S.C.A.(“lender”), J.P. Morgan Securities Australia Limited (“borrower”)
Transfer date		Settlement Date 23-Dec-2024
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 other 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 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 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:	09-Jan-2025
Company’s name:	MESOBLAST LTD
ISIN:	AU000000MSB8
Date of change of relevant interests:	07-Jan-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 01-Aug-2024 11-Nov-2024 23-Dec-2024
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:	09-Jan-2025
Company’s name:	MESOBLAST LTD
ISIN:	AU000000MSB8
Date of change of relevant interests:	07-Jan-2025
Schedule
Type of agreement	Australian Master Securities LendingAgreement("AMSLA")
Parties to agreement	JPMorgan Chase Bank, N.A. (acting as agent) ("lender"), J.P. Morgan Securities Australia Limited ('borrower')
Transfer date	Settlement Date 23-Dec-2024
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 exception
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:	09-Jan-2025
Company’s name:	MESOBLAST LTD
ISIN:	AU000000MSB8
Date of change of relevant interests:	07-Jan-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-Jul-2024 11-Jul-2024 08-Oct-2024
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.

Date:	09-Jan-2025
Company’s name:	MESOBLAST LTD
ISIN:	AU000000MSB8
Date of change of relevant interests:	07-Jan-2025
Schedule
Type of agreement	Global Master Securities Lending Agreement ("GMSLA")
Parties to agreement	ABU DHABI INVESTMENT AUTHORITY (HSBC GULF FUND (TP EQ) 2021) ('lender'), J.P. Morgan Securities PLC('borrower)
Transfer date	Settlement Date 23-Dec-2024
Holder of voting rights	Partyholdingcollateral that has the votingrights.
Are there any restriction on voting rights	No, unless separately agreed to the contrary.
If yes, detail	NA
Scheduled return date (if any)	None
Does the borrower have **the right to return early? **	Yes
If yes, detail	This right is subject to the requirement that the borrower deliver alternative collateral acceptable to the lender and also to the mark to market requirements of ss 5.4 and 5.5 of this agreement.
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?	Equivalent Securities must be returned.
If yes, detail any exceptions	Absent default, there are no exceptions.
Statement	No

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

Date:	09-Jan-2025
Company’s name:	MESOBLAST LTD
ISIN:	AU000000MSB8
Date of change of relevant interests:	07-Jan-2025
Schedule
Type of agreement	Exclusive Securities Lending Agreement dated November 17, 2020 to the Global Master Securities Lending Agreement
Parties to agreement	SFT ("lending agent") - CALIFORNIA STATE TEACHERS' RETIREMENT SYSTEM ("lender") and J.P. Morgan Securities Plc("borrower")
Transfer date	Settlement date 07-Oct-2024 11-Oct-2024
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 outstandingto 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 originally delivered. The borrower must return the securities not later than the expiryof 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: **	09-Jan-2025
Company’s name:	MESOBLAST LTD
ISIN:	AU000000MSB8
Date of change of relevant interests:	07-Jan-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 01-Aug-2024 06-Dec-2024 24-Dec-2024
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:	09-Jan-2025
Company’s name:	MESOBLAST LTD
ISIN:	AU000000MSB8
Date of change of relevant interests:	07-Jan-2025
Schedule
Type of agreement	Overseas Securities Lender’s Agreement (“OSLA”)
Parties to agreement	JPMorgan Chase Bank, N.A. (acting as agent) (“lender”) J.P. Morgan Securities plc (“borrower”)
Transfer date	Settlement Date 23-Dec-2024 24-Dec-2024
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 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 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: **	09-Jan-2025
Company’s name:	MESOBLAST LTD
ISIN:	AU000000MSB8
Date of change of relevant interests:	07-Jan-2025
Schedule
Type of agreement	Global Master Securities Lending Agreement ("GMSLA")
Parties to agreement	J.P. Morgan Securities plc ("borrower") and State St Bank and Trust Company as agent ("lender")
Transfer date	Settlement Date 04-Nov-2024 02-Dec-2024 06-Dec-2024 23-Dec-2024
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 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: **	09-Jan-2025
Company’s name:	MESOBLAST LTD
ISIN:	AU000000MSB8
Date of change of relevant interests:	07-Jan-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 02-Jan-2025 03-Jan-2025 06-Jan-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.