PEET LIMITED — Major Shareholding Notification 2020

Apr 23, 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:	21 April 2020
The previous notice was given to the company on:	22 April 2020
The previous notice was dated:	22 April 2020
The holder became aware on:	23 April 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	Consideration given inrelation to change	Class andnumber ofsecurities affected	Person's votesaffected
See Annexure A tothis notice

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
Notapplicable	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

5. Signature

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Authorised Signatory

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Dated 24 April 2020

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Annexure A

This is Annexure A of 1 page referred to in Form 605 (notice of ceasing to be a substantial holder) dated 24 April 2020

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Authorised Signatory Dated 24 April 2020

Date ofchange	Person whose relevant interest changed	Nature of change	Considerationgiven in relationto change	Class and number ofsecurities affected	Person'svotesaffected
20/04/2020	Mitsubishi UFJ Financial Group,Inc.	Purchase of securities by an entitycontrolled by First Sentier InvestorsHoldings PtyLimited	40,757.92	52,442 OrdinaryShares	52,442
20/04/2020	Mitsubishi UFJ Financial Group,Inc.	Purchase of securities by an entitycontrolled byMorgan Stanley	19.75	25 OrdinaryShares	25
21/04/2020	Mitsubishi UFJ Financial Group,Inc.	Collateral Returned by an entity controlledbyMorgan Stanley- see Annexure B	N/A	16,597,409 OrdinaryShares	16,597,409

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Annexure B

This is Annexure B of 2 pages referred to in Form 605 (notice of ceasing to be a substantial holder) dated 24 April 2020

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Authorised Signatory Dated 24 April 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
	Morgan Stanley & Co. International plc for itself and as agent and trustee for and on
Parties to agreement	behalf of the other Morgan Stanley Companies and EQUITY TRUSTEES LIMITED AS
	TRUSTEE FOR L1 CAPITAL LONG SHORT FUND
Transfer Date	20200421;
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, detailNot applicable
Scheduled Return Date (if any)	Open
Does the borrower have the right to return early?	Yes/No
If yes, detailPrime 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, detailPrime 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
	Morgan Stanley & Co. International plc for itself and as agent and trustee for and on
Parties to agreement	behalf of the other Morgan Stanley Companies and INTEGRATED CORE STRATEGIES
	(ASIA)PTE LTD.
Transfer Date	20200421;
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, detailNot applicable
Scheduled Return Date (if any)	Open
Does the borrower have the right to return early?	Yes/No
If yes, detailPrime broker may return shares which were rehypothecated from the client at any time.
Does the lender have the right to recall early?	Yes/No

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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? Ye s/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.

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