PEET LIMITED — Major Shareholding Notification 2020

May 7, 2020

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

	To: Company Name/Scheme:	Peet Limited
ACN/ARSN:		008 665 834
1. Details of substantial holder
Name:	Mitsubishi UFJ Financial Group, Inc.
The holder ceased to be a substantial holder on:			04/05/2020
The previous notice was given to the company on:		07/05/2020
The previous notice was dated:		07/05/2020
The holder became aware on:			07/05/2020

2. 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 ofchange	Person whoserelevant interestchanged	Nature of change	Considerationgiven in relationto change	Class andnumber ofsecurities affected	Person's votesaffected
01/05/2020	Mitsubishi UFJ FinancialGroup, Inc.	Sale of securities by an entitycontrolled by Morgan Stanley	0.71	1 Ordinary Shares	1
01/05/2020	Mitsubishi UFJ FinancialGroup, Inc.	Sale of securities by an entitycontrolled by Morgan Stanley		209.45 295 Ordinary Shares	295
01/05/2020	Mitsubishi UFJ FinancialGroup, Inc.	Collateral Received by anentity controlled by MorganStanley - see Annexure A	N/A	1,217,757 OrdinaryShares	1,217,757
04/05/2020	Mitsubishi UFJ FinancialGroup, Inc.	Sale of securities by an entitycontrolled by Morgan Stanley	1,184.82	1,612 OrdinaryShares	1,612
04/05/2020	Mitsubishi UFJ FinancialGroup, Inc.	Collateral Returned by anentity controlled by MorganStanley - see Annexure A		N/A 12,784,944 OrdinaryShares	12,784,944

3. Changes in association

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

Name and ACN/ARSN (if applicable)	Nature of association
Not applicable	Not applicable

4. Addresses

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

Name	Address
Mitsubishi UFJ Financial Group, Inc	2-7-1, Marunouchi, Chiyoda-ku, Tokyo 100-8330, Japan

Form 605

5. Signature

Ryuichiro Sakuma

Authorised signatory Date: 8 May 2020

Annexure A:

This is Annexure A of 3 pages referred to in the Form 605: Notice of ceasing to be a substantial holder, dated 8 May 2020.

Ryuichiro Sakuma

Authorised signatory Dated 8 May 2020

The below schedules are based on the relevant standard agreements. The entity filing the report will, if requested by the company or responsible entity to whom the prescribed form must be given or ASIC, give a copy of the agreement to the company, responsible entity or ASIC.

Schedule
Type of Agreement	International Prime Brokerage Agreement
Parties to agreement	Morgan Stanley & Co. International plc for itself and as agent and
	trustee for and on behalf of the other Morgan Stanley Companies and
	EQUITY TRUSTEES LIMITED AS TRUSTEE FOR L1 CAPITAL LONG SHORT
	FUND
Transfer Date	20200504;
Holder of Voting Rights	Prime broker has the right to vote securities rehypothecated from the
	Client.
Are there any restrictions on voting rights?	Yes/No
If yes, detail Not applicable
Scheduled Return Date (if any)	Open
Does the borrower have the right to return early?	Yes/No
If yes, detail Prime broker may return shares which were rehypothecated from the client at any time.
Does the lender have the right to recall early?	Yes/No
If yes, detail Prime broker will be required to return to the client shares rehypothecated from the client's account upon a sale of those shares
by the client.
Will the securities be returned on settlement?	Yes/No
If yes, detail any exceptions Upon an Event of Default, the default market value of all Equivalent Securities to be delivered will be determined
and on the basis of the amounts so established, an account shall be taken of what is due from each party to the other. The amounts due from
one party shall be set off against the amounts due from the other party and only the balance of the account shall be payable.
Schedule
Type of Agreement	International Prime Brokerage Agreement
Parties to agreement	Morgan Stanley & Co. International plc for itself and as agent and
	trustee for and on behalf of the other Morgan Stanley Companies and
	INTEGRATED CORE STRATEGIES (ASIA) PTE LTD.
Transfer Date	20200504;
Holder of Voting Rights	Prime broker has the right to vote securities rehypothecated from the
	Client.
Are there any restrictions on voting rights?	Yes/No
If yes, detail Not applicable
Scheduled Return Date (if any)	Open
Does the borrower have the right to return early?	Yes/No
If yes, detail Prime broker may return shares which were rehypothecated from the client at any time.
Does the lender have the right to recall early?	Yes/No
If yes, detail Prime broker will be required to return to the client shares rehypothecated from the client's account upon a sale of those shares
by the client.
Will the securities be returned on settlement?	Yes/No
and on the basis of the amounts so established, an account shall be taken of what is due from each party to the other. The amounts due from	If yes, detail any exceptions Upon an Event of Default, the default market value of all Equivalent Securities to be delivered will be determined

Schedule
Type of Agreement	International Prime Brokerage Agreement
Parties to agreement	Morgan Stanley & Co. International plc for itself and as agent and
	trustee for and on behalf of the other Morgan Stanley Companies and
	ELLERSTON CAPITAL LIMITED AS RESPONSIBLE ENTITY FOR ELLERSTON
	AUSTRALIAN MARKET NEUTRAL FUND
Transfer Date	20200504;
Holder of Voting Rights	Prime broker has the right to vote securities rehypothecated from the
	Client.
Are there any restrictions on voting rights?	Yes/No
If yes, detail Not applicable
Scheduled Return Date (if any)	Open
Does the borrower have the right to return early?	Yes/No
If yes, detail Prime broker may return shares which were rehypothecated from the client at any time.
Does the lender have the right to recall early?	Yes/No
If yes, detail Prime broker will be required to return to the client shares rehypothecated from the client's account upon a sale of those shares
by the client.
Will the securities be returned on settlement?	Yes/No

If yes, detail any exceptions Upon an Event of Default, the default market value of all Equivalent Securities to be delivered will be determined and on the basis of the amounts so established, an account shall be taken of what is due from each party to the other. The amounts due from one party shall be set off against the amounts due from the other party and only the balance of the account shall be payable.

Schedule
Type of Agreement	International Prime Brokerage Agreement
Parties to agreement	Morgan Stanley & Co. International plc for itself and as agent and
	trustee for and on behalf of the other Morgan Stanley Companies and
	L1 LONG SHORT FUND LIMITED
Transfer Date	20200504;
Holder of Voting Rights	Prime broker has the right to vote securities rehypothecated from the
	Client.
Are there any restrictions on voting rights?	Yes/No
If yes, detail Not applicable
Scheduled Return Date (if any)	Open
Does the borrower have the right to return early?	Yes/No
If yes, detail Prime broker may return shares which were rehypothecated from the client at any time.
Does the lender have the right to recall early?Yes/No
If yes, detail Prime broker will be required to return to the client shares rehypothecated from the client's account upon a sale of those shares
by the client.
Will the securities be returned on settlement?	Yes/No
If yes, detail any exceptions Upon an Event of Default, the default market value of all Equivalent Securities to be delivered will be determined
and on the basis of the amounts so established, an account shall be taken of what is due from each party to the other. The amounts due from

one party shall be set off against the amounts due from the other party and only the balance of the account shall be payable.

Schedule
Type of Agreement	International Prime Brokerage Agreement
Parties to agreement	Morgan Stanley & Co. International plc for itself and as agent and
	trustee for and on behalf of the other Morgan Stanley Companies and
	CERES CAPITAL PTY LTD
Transfer Date	20200504;
Holder of Voting Rights	Prime broker has the right to vote securities rehypothecated from the
	Client.
Are there any restrictions on voting rights?	Yes/No
If yes, detail Not applicable
Scheduled Return Date (if any)	Open
Does the borrower have the right to return early?	Yes/No
If yes, detail Prime broker may return shares which were rehypothecated from the client at any time.
Does the lender have the right to recall early?Yes/No

If yes, detail Prime broker will be required to return to the client shares rehypothecated from the client's account upon a sale of those shares by the client.

Will the securities be returned on settlement? Yes/No

If yes, detail any exceptions Upon an Event of Default, the default market value of all Equivalent Securities to be delivered will be determined and on the basis of the amounts so established, an account shall be taken of what is due from each party to the other. The amounts due from one party shall be set off against the amounts due from the other party and only the balance of the account shall be payable.