PEET LIMITED — Major Shareholding Notification 2021

Jul 6, 2021

Form 603 Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme PEET LIMITED

ACN/ARSN

008 665 834

…

1. Details of substantial holder (1)

Name Morgan Stanley and its subsidiaries listed in Annexure A ACN/ARSN (if applicable) Not Applicable

The holder became a substantial holder on The holder became aware on

July 02, 2021 July 06, 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:

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Class of securities (4) Number of securities Person’s votes (5) Voting power (6)
Ordinary Shares 25,405,307 25,405,307 5.26%
Based on 483,300,489 Ordinary
Shares Outstanding
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
Class and number
Holder of relevant interest Nature of relevant interest (7) of securities
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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:

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Class and number
Holder of relevant interest Nature of relevant interest (7) of securities
Morgan Stanley & Co. Holder of securities subject to an obligation to return under a prime brokerage 24,970,246 Ordinary
International plc agreement. Shares
Morgan Stanley & Co. Shares held or in respect of which the holder may exercise control over 430,699 Ordinary
International plc disposal in the ordinary course of sales and trading businesses. Shares
Morgan Stanley Australia Shares held or in respect of which the holder may exercise control over
Securities Limited disposal in the ordinary course of sales and trading businesses. 4,362 Ordinary Shares
Each of the entities (as listed in 25,405,307 Ordinary
Annexure A) in the Morgan Each of the above entities is a body corporate that each upstream entity controls and therefore has the relevant interests that the above entities Shares (N.B.: Total of
Stanley group upstream of the the above direct
above entities collectively have. interest)
The persons registered as holders of the securities referred to in paragraph 3 above are as follows:
Person entitled to be Class and number of
Holder of relevant interest Registered holder of securities registered as holder (8) securities
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4. Details of present registered holders

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

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Person entitled to be Class and number of
Holder of relevant interest Registered holder of securities registered as holder (8) securities
25,400,945 Ordinary
Morgan Stanley & Co. International plc [HSBC Custody Nominees (Australia) ] Limited Not Applicable Shares
Morgan Stanley Australia Securities Morgan Stanley Australia Securities
Limited (Nominee) Pty Limited Not Applicable 4,362 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:

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Consideration (9) Class and number interest
Holder of relevant interest Date of acquisition of securities
Cash Non-cash
Morgan Stanley Australia Securities Limited 03/15/2021 2.25 Buy 2 Ordinary Shares
Morgan Stanley Australia Securities Limited 03/15/2021 2.28 Buy 2 Ordinary Shares
Morgan Stanley Australia Securities Limited 03/15/2021 2.26 Buy 2 Ordinary Shares
Morgan Stanley Australia Securities Limited 03/15/2021 1.14 Buy 1 Ordinary Shares
Morgan Stanley Australia Securities Limited 03/16/2021 3.42 Buy 3 Ordinary Shares
Morgan Stanley Australia Securities Limited 03/26/2021 300.15 Buy 261 Ordinary Shares
Morgan Stanley Australia Securities Limited 03/30/2021 398.39 Buy 351 Ordinary Shares
Morgan Stanley Australia Securities Limited 03/30/2021 5.75 Buy 5 Ordinary Shares
Morgan Stanley Australia Securities Limited 04/01/2021 306.24 Buy 264 Ordinary Shares
Morgan Stanley Australia Securities Limited 04/01/2021 45.44 Buy 39 Ordinary Shares
Morgan Stanley Australia Securities Limited 04/07/2021 476.76 Buy 411 Ordinary Shares
Morgan Stanley Australia Securities Limited 04/14/2021 1,021.25 Buy 817 Ordinary Shares
Morgan Stanley Australia Securities Limited 04/21/2021 216.90 Buy 180 Ordinary Shares
Morgan Stanley & Co. International plc 04/21/2021 N/A Collateral Received 14,436,570 Ordinary Shares
Morgan Stanley & Co. International plc 04/23/2021 N/A Collateral Received 3,646,145 Ordinary Shares
Morgan Stanley Australia Securities Limited 04/26/2021 1,461.63 Buy 1,174 Ordinary Shares
Morgan Stanley & Co. International plc 04/27/2021 N/A Collateral Received 22,477,799 Ordinary Shares
Morgan Stanley Australia Securities Limited 04/29/2021 742.28 Buy 616 Ordinary Shares
Morgan Stanley Australia Securities Limited 04/30/2021 732.36 Buy 593 Ordinary Shares
Morgan Stanley & Co. International plc 04/30/2021 N/A Collateral Received 4,311,289 Ordinary Shares
Morgan Stanley & Co. International plc 05/04/2021 N/A Collateral Received 18,123,768 Ordinary Shares
Morgan Stanley & Co. International plc 05/05/2021 N/A Collateral Received 6,011,357 Ordinary Shares
Morgan Stanley & Co. International plc 05/07/2021 N/A Collateral Received 1 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/11/2021 212.28 Buy 174 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/11/2021 88.33 Buy 73 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/11/2021 123.42 Buy 102 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/11/2021 2.45 Buy 2 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/11/2021 1.22 Buy 1 Ordinary Shares
Morgan Stanley & Co. International plc 05/11/2021 N/A Collateral Received 1 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/12/2021 233.42 Buy 189 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/12/2021 1.22 Buy 1 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/12/2021 8.51 Buy 7 Ordinary Shares
Morgan Stanley & Co. International plc 05/12/2021 N/A Collateral Received 3,646,520 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/14/2021 704.93 Buy 585 Ordinary Shares
Morgan Stanley & Co. International plc 05/14/2021 N/A Collateral Received 3,646,027 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/17/2021 40.10 Buy 33 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/17/2021 830.25 Buy 675 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/18/2021 1,039.35 Buy 845 Ordinary Shares
Morgan Stanley & Co. International plc 05/19/2021 N/A Collateral Received 3,646,657 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/20/2021 56.12 Buy 46 Ordinary Shares
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Morgan Stanley Australia Securities Limited 05/20/2021 797.48 Buy 651 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/20/2021 65.34 Buy 54 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/20/2021 495.72 Buy 408 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/20/2021 30.44 Buy 25 Ordinary Shares
Morgan Stanley & Co. International plc 05/20/2021 N/A Collateral Received 1,654,734 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/21/2021 613.77 Buy 499 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/21/2021 111.02 Buy 91 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/24/2021 1,350.36 Buy 1,116 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/24/2021 1,249.50 Buy 1,020 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/24/2021 10.94 Buy 9 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/24/2021 1.20 Buy 1 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/24/2021 504.30 Buy 410 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/24/2021 3.62 Buy 3 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/24/2021 993.08 Buy 814 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/24/2021 219.60 Buy 180 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/24/2021 220.22 Buy 182 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/24/2021 710.78 Buy 585 Ordinary Shares
Morgan Stanley Australia Securities Limited 05/24/2021 2,244.92 Buy 1,863 Ordinary Shares
Morgan Stanley & Co. International plc 05/24/2021 N/A Collateral Received 13,988,067 Ordinary Shares
Morgan Stanley & Co. International plc 05/25/2021 N/A Collateral Received 6,364,307 Ordinary Shares
Morgan Stanley & Co. International plc 05/26/2021 N/A Collateral Received 3,782,756 Ordinary Shares
Morgan Stanley & Co. International plc 05/28/2021 N/A Collateral Received 4,311,288 Ordinary Shares
Morgan Stanley & Co. International plc 06/01/2021 N/A Collateral Received 4,311,287 Ordinary Shares
Morgan Stanley & Co. International plc 06/03/2021 N/A Collateral Received 3,646,657 Ordinary Shares
Morgan Stanley & Co. International plc 06/07/2021 N/A Collateral Received 17,670,746 Ordinary Shares
Morgan Stanley Australia Securities Limited 06/08/2021 41.30 Buy 35 Ordinary Shares
Morgan Stanley & Co. International plc 06/09/2021 N/A Collateral Received 6,393,953 Ordinary Shares
Morgan Stanley & Co. International plc 06/16/2021 N/A Collateral Received 18,123,768 Ordinary Shares
Morgan Stanley Australia Securities Limited 06/17/2021 160.48 Buy 136 Ordinary Shares
Morgan Stanley & Co. International plc 06/18/2021 N/A Collateral Received 19,387,446 Ordinary Shares
Morgan Stanley & Co. International plc 06/22/2021 N/A Collateral Received 664,631 Ordinary Shares
Morgan Stanley Australia Securities Limited 06/24/2021 993.65 Buy 835 Ordinary Shares
Morgan Stanley Australia Securities Limited 06/24/2021 444.13 Buy 374 Ordinary Shares
Morgan Stanley Australia Securities Limited 06/25/2021 235.00 Buy 200 Ordinary Shares
Morgan Stanley Australia Securities Limited 06/25/2021 1,345.20 Buy 1,140 Ordinary Shares
Morgan Stanley & Co. International plc 06/30/2021 N/A Collateral Received 18,123,768 Ordinary Shares
Morgan Stanley Australia Securities Limited 07/01/2021 542.64 Buy 456 Ordinary Shares
Morgan Stanley Australia Securities Limited 07/01/2021 170.64 Buy 144 Ordinary Shares
Morgan Stanley Australia Securities Limited 07/01/2021 232.46 Buy 197 Ordinary Shares
Morgan Stanley Australia Securities Limited 07/01/2021 169.20 Buy 144 Ordinary Shares
Morgan Stanley & Co. International plc 07/01/2021 N/A Collateral Received 4,786,317 Ordinary Shares
Morgan Stanley Australia Securities Limited 07/02/2021 977.60 Buy 832 Ordinary Shares
Morgan Stanley Australia Securities Limited 07/02/2021 47.80 Buy 40 Ordinary Shares
Morgan Stanley & Co. International plc 07/02/2021 N/A Collateral Received 2,027,246 Ordinary Shares
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6. Associates

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

Name and ACN/ARSN (if applicable) Nature of association Morgan Stanley & Co. International plc Is a body corporate controlled by each upstream entity as listed in Annexure A Morgan Stanley Australia Securities Limited Is a body corporate controlled by each upstream entity as listed in Annexure A 7. Addresses The addresses of persons named in this form are as follows: Name Address Morgan Stanley 1585 Broadway, New York, New York, 10036, USA. Morgan Stanley & Co. International plc Legal & Compliance Department, 25 Cabot Square, Canary Wharf, London, E14 4QA, UNITED KINGDOM. Morgan Stanley Australia Securities Limited Level 39, Chifley Tower, 2 Chifley Square, Sydney, 2000, AUSTRALIA. Signature print name Olivia Zhang capacity Vice President sign here date July 06, 2021	Name and ACN/ARSN (if applicable) Nature of association	Name and ACN/ARSN (if applicable) Nature of association	Name and ACN/ARSN (if applicable) Nature of association
	Morgan Stanley & Co. International plc Is a body corporate controlled by each upstream entity as listed in Annexure A
	Morgan Stanley Australia Securities Limited Is a body corporate controlled by each upstream entity as listed in Annexure A
		Name Address
		Morgan Stanley 1585 Broadway, New York, New York, 10036, USA.
		Morgan Stanley & Co. International plc Legal & Compliance Department, 25 Cabot Square, Canary Wharf, London, E14 4QA, UNITED KINGDOM.
		Morgan Stanley Australia Securities Limited Level 39, Chifley Tower, 2 Chifley Square, Sydney, 2000, AUSTRALIA.
			Olivia Zhang capacity Vice President
Signature		print name sign here
			date July 06, 2021

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Annexure A

List of Morgan Stanley and its subsidiaries that have a relevant interest or deemed to have a relevant interest in the shares or units stated in Section 3.

Name └─┬─ Morgan Stanley └─┬─ Morgan Stanley International Holdings Inc. ├─┬─ Morgan Stanley (Australia) Securities Holdings Pty Limited │ └─── Morgan Stanley Australia Securities Limited └─┬─ Morgan Stanley International Limited └─┬─ Morgan Stanley Investments (UK) └─── Morgan Stanley & Co. International plc

Signature

print name sign here	Olivia Zhang capacity Vice President date July 06, 2021

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• 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 7 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 total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

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

• (7) Include details of:

• (a) any relevant agreement or other circumstances by which the relevant interest was acquired. 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.

• (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) Details of the consideration must include any and all benefits, moneys 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.

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GUIDE

This guide does not form part of the prescribed form and is included by ASIC to assist you in completing and lodging form 603.

Signature This form must be signed by either a director or a secretary of the substantial holder. Nil

Lodging period

Lodging Fee

Other forms to be completed

Additional information

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Nil Nil

• (a) If additional space is required to complete a question, the information may be included on a separate piece of paper annexed to the form.

• (b) This notice must be given to a listed company, or the responsible entity for a listed managed investment scheme. A copy of this notice must also be given to each relevant securities exchange.

• (c) The person must give a copy of this notice:

• (i) within 2 business days after they become aware of the information; or

• (ii) by 9.30 am on the next trading day of the relevant securities exchange after they become aware of the information if:

  • (A) a takeover bid is made for voting shares in the company or voting interests in the scheme; and

  • (B) the person becomes aware of the information during the bid period.

Annexures

To make any annexure conform to the regulations, you must

• 1 use A4 size paper of white or light pastel colour with a margin of at least 10mm on all sides

• 2 show the corporation name and ACN or ARBN

• 3 number the pages consecutively

• 4 print or type in BLOCK letters in dark blue or black ink so that the document is clearly legible when photocopied

• 5 identify the annexure with a mark such as A, B, C, etc

• 6 endorse the annexure with the words:

• This is annexure (mark) of (number) pages referred to in form (form number and title)

• 7 sign and date the annexure.

The annexure must be signed by the same person(s) who signed the form.

Information in this guide is intended as a guide only. Please consult your accountant or solicitor for further advice.

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Annexure B:

This is Annexure B referred to in the Form 603: Notice of becoming a substantial holder issued by Morgan Stanley and its subsidiaries. The following is description of the securities lending agreements referenced in the accompanying Form 603.

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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 20210702;
Holder of Voting Rights Prime broker has the right to vote securities rehypothecated from
the Client.
Are there any restrictions on voting rights? Yes/N o
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.
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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 CAPITAL LONG SHORT (MASTER) FUND
Transfer Date 20210702;
Holder of Voting Rights Prime broker has the right to vote securities rehypothecated from
the Client.
Are there any restrictions on voting rights? Yes/N o
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.
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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 20210702;
Holder of Voting Rights Prime broker has the right to vote securities rehypothecated from
the Client.
Are there any restrictions on voting rights? Yes/N o
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
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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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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 20210702;
Holder of Voting Rights Prime broker has the right to vote securities rehypothecated from
the Client.
Are there any restrictions on voting rights? Yes/N o
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.
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The above 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.

Signature

print name Olivia Zhang

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sign here

capacity Vice President date July 06, 2021

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