ORORA LIMITED — Major Shareholding Notification 2020

May 10, 2020

Form 603 Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme ORORA LIMITED (ASX Code: ORA)

ACN/ARSN 004 275 165

1. Details of substantial holder (1)

Name

ACN/ARSN (if applicable)

Sumitomo Mitsui Trust Holdings, Inc. (SMTH) and its Subsidiaries as listed in Annexure C n/a

The holder became a substantial holder on 05 May 2020

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 had a relevant interest in on the date the substantial holder became a substantial holder are as follows:

	Class of securities	Number of securities	Person’s votes		Voting power
	Ordinary Shares	62,573,261	62,573,261		5.19%
s of relevant interests
of the relevant interest the substantial holder or		an associate had in the following voting securities on the date the substantial holder became a
holder are as follows:
Holder of relevant interest		Nature of relevant interest		Class	and number of securities

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:

substantial holder are as follows:
Holder of relevant interest		Nature of relevant interest	Class and number of securities
Nikko AM Limited (NAML)		Under section 608(1) and 608(3) of the Corporations Act in its capacity as fund manager.	62,558,131 fully paid ordinary shares
Sumitomo Mitsui Trust Asset Management Co., Ltd (SMTAM)		Under section 608(1) and 608(3) of the Corporations Act in its capacity as fund manager.	15,130 shares	fully paid ordinary
4. Details of present registered holders
The persons registered as holders of the securities referred		to in paragraph 3 above are as follows:
Holder of relevant	Registered holder of Person entitled to be			Class and number
interest	securities registered as holder			of securities
Each person named in section 3 above		As set out in Annexure A
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:

became a substantial holder is as follows:
Holder of relevant interest	Date of acquisition	Consideration	Class and number of securities
As set out in Annexure B

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
Nikko AM Limited (NAML) ABN: 99 003 376 252	Ultimately a subsidiary of Sumitomo Mitsui Trust Holdings, Inc.
Nikko Asset Management Co., Ltd (NAM)	Ultimately a subsidiary of Sumitomo Mitsui Trust Holdings, Inc.
Sumitomo Mitsui Trust Asset Management Co., Ltd (SMTAM)	Ultimately a subsidiary of Sumitomo Mitsui Trust Holdings, Inc.

7. Addresses

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

7. Addresses The addresses of persons named in this form are as follows:	7. Addresses The addresses of persons named in this form are as follows:	7. Addresses The addresses of persons named in this form are as follows:	7. Addresses The addresses of persons named in this form are as follows:
Name		Address
Nikko AM Limited (NAML)		Level 26, One International Towers Sydney, 100 Barangaroo Avenue,Barangaroo NSW 2000
Nikko Asset Management Co., Ltd (NAM)		Midtown Tower 9-7-1 Akasaka, Minato-ku Tokyo 107-6242 Japan
Sumitomo Mitsui Trust Asset Management Co., Ltd (SMTAM)		1-1-1 Shibakoen Minato-Ku, Tokyo 105-0011, Japan
Sumitomo Mitsui Trust Holdings, Inc. (SMTH)		1-4-1 Marunouchi, Chiyoda-ku, Tokyo 100-8233, Japan
	Saffick Ramjahn capacity		Authorised Person of SMTH
Signature print name sign here
	date		11 May 2020

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Annexure A – Details of present registered holders

This is Annexure A of 2 pages referred to in the Form 603 Notice of initial substantial holder

Details of present registered holders

Holder of relevant interest	Registered holder of securities	Registration details	Person's votes
Nikko AM Limited (NAML)	BNP Paribas Security Services PtyLtd	BNP Paribas Security Services Pty Ltd 60 Castlereagh Street SydneyNSW 2000	Fully Paid Ordinary & 7,437,838
Nikko AM Limited (NAML)	BNP Paribas Security Services PtyLtd	BNP Paribas Security Services Pty Ltd 60 Castlereagh Street SydneyNSW 2000	Fully Paid Ordinary & 6,302,575
Nikko AM Limited (NAML)	Citicorp Nominees Pty Limited	Citicorp Nominees Pty Limited Level 25 2 Park Street SYDNEY NSW 2000	Fully Paid Ordinary & 8,131,062
Nikko AM Limited (NAML)	National Australia Bank Limited (NAB Custodian Services)	National Australia Bank Limited (NAB Custodian Services) Level 23, 255 George St, Sydney NSW 2000 Australia	Fully Paid Ordinary & 4,197,825
Nikko AM Limited (NAML)	Citicorp Nominees Pty Limited	Citicorp Nominees Pty Limited Level 25 2 Park Street SYDNEY NSW 2000	Fully Paid Ordinary & 599,420
Nikko AM Limited (NAML)	National Australia Bank Limited (NAB Custodian Services)	National Australia Bank Limited (NAB Custodian Services) Level 23, 255 George St, Sydney NSW 2000 Australia	Fully Paid Ordinary & 2,178,342
Nikko AM Limited (NAML)	JP Morgan Nominees Australia Ltd	JP Morgan Nominees Australia Ltd Level 26, Grosvenor Place, 225 George Street SydneyNSW 2000	Fully Paid Ordinary & 1,919,406
Nikko AM Limited (NAML)	BNP Paribas Security Services PtyLtd	BNP Paribas Security Services Pty Ltd 60 Castlereagh Street SydneyNSW 2000	Fully Paid Ordinary & 2,238,124
Nikko AM Limited (NAML)	BNP Paribas Security Services PtyLtd	BNP Paribas Security Services Pty Ltd 60 Castlereagh Street SydneyNSW 2000	Fully Paid Ordinary & 2,538,914

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Holder of relevant interest	Registered holder of securities	Registration details	Person's votes
Nikko AM Limited (NAML)	JP Morgan Nominees Australia Ltd	JP Morgan Nominees Australia Ltd Level 26, Grosvenor Place, 225 George Street SydneyNSW 2000	Fully Paid Ordinary & 913,802
Nikko AM Limited (NAML)	JP Morgan Nominees Australia Ltd	JP Morgan Nominees Australia Ltd Level 26, Grosvenor Place, 225 George Street SydneyNSW 2000	Fully Paid Ordinary & 385,628
Nikko AM Limited (NAML)	HSBC Custody Nominees (Australia)Limited	HSBC Custody Nominees (Australia) Limited Level 36, Tower 1, International Towers Sydney, 100 Barangaroo Avenue, SydneyNSW 2000	Fully Paid Ordinary & 7,062,246
Nikko AM Limited (NAML)	JP Morgan Nominees Australia Ltd	JP Morgan Nominees Australia Ltd Level 26, Grosvenor Place, 225 George Street SydneyNSW 2000	Fully Paid Ordinary & 8,064,387
Nikko AM Limited (NAML)	HSBC Custody Nominees (Australia)Limited	HSBC Custody Nominees (Australia) Limited Level 36, Tower 1, International Towers Sydney, 100 Barangaroo Avenue, SydneyNSW 2000	Fully Paid Ordinary & 2,090,160
Nikko AM Limited (NAML)	State Street Australia Limited	State Street Australia Limited, 420 George Street,Sydney,NSW 2000	Fully Paid Ordinary & 8,498,402
Sumitomo Mitsui Trust Asset Management Co.,Ltd.(SMTAM)	Japan Trustee Services Bank,Ltd．	1-8-11 Harumi,Chuo-ku, Tokyo 104-6107,Japan	Fully Paid Ordinary & 15,130

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Annexure B – Consideration

This is Annexure B of 1 page referred to in the Form 603 Notice of initial substantial holder

Holder of relevant interest	Date of acquisition	Consideration	Class	Number of securities
Nikko AM Limited (NAML)	05 January 2020 to 05May2020	$ 46,086,943	Fully Paid Ordinary	17,070,252
Nikko Asset Management Co., Ltd (NAM)	05 January 2020 to 05 May 2020	$ 26,395	Fully Paid Ordinary	8,362

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Annexure C – Sumitomo subsidiaries

This is Annexure C of 2 pages referred to in the Form 603 Notice of initial substantial holder

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

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

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