ORICA LIMITED — Major Shareholding Notification 2021

Feb 25, 2021

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme: Orica Ltd

ACN/ARSN: 004 145 868

1. Details of substantial holder (1)

Schroder Investment Management Australia Limited and all of its Name: related bodies corporate

ACN/ARSN (if applicable): 000 443 274

The holder became a substantial holder on:

24/02/2021

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person’s Votes (5)	Voting Power (6)
Ordinary shares	20,643,910	20,643,910	5.09%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

SIMSL SIMAL Holder of relevant interest SIM LTD	Power to dispose of securities Nature of relevant interest (7) Power to dispose of securities	9,041,804 Ordinary Shares Class and number of securities 5,858,412 Ordinary Shares
	Power to dispose of securities	5,743,694 Ordinary Shares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as

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Holder of relevant Registered holder of Person entitled to be Class and number of
JP Morgan Chase JP Morgan Chase 5,072,384
SIM LTD
B'Mouth B'Mouth Ordinary Shares
786,028
SIM LTD HSBC London HSBC London
Ordinary Shares
BNP Paribas Securities BNP Paribas Securities 2,095,624
SIMAL
Services Services Ordinary Shares
Citicorp Nominees Ltd Citicorp Nominees Ltd 1,375,634
SIMAL
HK HK Ordinary Shares
JP Morgan Custodial JP Morgan Custodial 4,517,259
SIMAL
Services Services Ordinary Shares
National Nominees Ltd - National Nominees Ltd - 1,052,869
SIMAL
Melbourne Melbourne Ordinary Shares
UBS AG London JP Morgan Chase 418
SIMAL
Branch B'Mouth Ordinary Shares
JP Morgan Chase Bk, 5,160,475
SIMSL HSBC London
London Ordinary Shares
HSBC Bank Plc London 583,219
SIMSL Citibank, London
GB Ordinary Shares
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5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of	Date of	Consideration	Consideration	(9)		Class and number of
		Cash		Non-cash
SIM LTD	25/10/2020- 24/02/2021	$ 50,880,847.47			-	3,.291,355 Ordinary shares
SIMSL	25/10/2020- 24/02/2021	$ 95,830,545.99			-	5,948,840 Ordinary shares

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

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Name and ACN/ARSN (if applicable) Nature of association
Schroder Investment Management Australia Related Fund Manager
Schroder Investment Management Limited (“SIM
Related Fund Manager
LTD”)
Schroder Investment (Singapore) Limited
Related Fund Manager
(“SIMSL”)
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7. Address

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

Name			Address
Schroder	Investment	Management Australia	Level 20, Angel Place, 123 Pitt Street, Sydney,
Schroder LTD”)	Investment	Management Limited (“SIM	31 Gresham Street, London EC2V 7QA, UK
Schroder	Investment	(Singapore) Limited	138 Market Street #23-01 CapitaGreen
(“SIMSL”)			Singapore 048946