REGION GROUP — Major Shareholding Notification 2025

Feb 27, 2025

Form 605

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To: Company Name/Scheme:	Region Group
ACN/ARSN:	Region Re Ltd (ABN 47 158 809 851), Region Management Trust (ARSN 160 612 626),Region Retail Trust (ARSN 160 612 788)
1. Details of substantial holder
Name:	Mitsubishi UFJ Financial Group, Inc.
The holder ceased to be a substantial holder on:	25 February 2025
The previous notice was given to the company on:	26 February 2025
The previous notice was dated:	26 February 2025
The holder became aware on:	27 February 2025

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 of change	Person whose relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of securities affected	Person's votes affected
See annexure A to this 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

4. Addresses

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

The addresses of persons named in this form are as follows:
Name	Address
Mitsubishi UFJ Financial Group, Inc.	1-4-5, Marunouchi, Chiyoda-ku, Tokyo 100-8330, Japan

5. Signature

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Authorised signatory

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Dated 28 February 2025

Page 1

Annexure A

This is annexure A of 4 pages referred to in Form 605, Notice of ceasing to be a substantial holder dated 28 February 2025

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Authorised signatory Dated 28 February 2025

Date of change	Person whose relevant interest	Nature of change	Consideration given in	Class and number of securities affected	Person's votes
	**hd **		**lti t h **		affected
	**cange **		**reaon o cange **
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	56,090.13	26,583 Fully Paid Stapled Securities	26,583
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	698.41	331 Fully Paid Stapled Securities	331
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	7,068.50	3,350 Fully Paid Stapled Securities	3,350
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	1,209.84	568 Fully Paid Stapled Securities	568
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	150.52	71 Fully Paid Stapled Securities	71
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	283.41	134 Fully Paid Stapled Securities	134
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	13,553.19	6,363 Fully Paid Stapled Securities	6,363
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	60,379.76	28,616 Fully Paid Stapled Securities	28,616
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2.13	1 Fully Paid Stapled Securities	1
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	1,700.66	806 Fully Paid Stapled Securities	806
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	347.33	165 Fully Paid Stapled Securities	165
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	211.50	100 Fully Paid Stapled Securities	100
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	27,826.00	13,219 Fully Paid Stapled Securities	13,219
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	938.95	445 Fully Paid Stapled Securities	445
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	12,688.20	6,042 Fully Paid Stapled Securities	6,042
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	2.10	1 Fully Paid Stapled Securities	1
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	13,582.80	6,468 Fully Paid Stapled Securities	6,468
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	7,614.99	3,609 Fully Paid Stapled Securities	3,609
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	18,815.00	8,875 Fully Paid Stapled Securities	8,875
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	14,813.40	7,054 Fully Paid Stapled Securities	7,054
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	736.39	349 Fully Paid Stapled Securities	349
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	29,410.76	13,873 Fully Paid Stapled Securities	13,873
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	67.84	32 Fully Paid Stapled Securities	32

Page 2

Annexure A

24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	4.23	2 Fully Paid Stapled Securities	2
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	141,597.88	67,108 Fully Paid Stapled Securities	67,108
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	2,717.68	1,288 Fully Paid Stapled Securities	1,288
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	128.10	61 Fully Paid Stapled Securities	61
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	325.71	154 Fully Paid Stapled Securities	154
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	3,065.52	1,446 Fully Paid Stapled Securities	1,446
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	144,458.92	68,141 Fully Paid Stapled Securities	68,141
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	19,491.28	9,194 Fully Paid Stapled Securities	9,194
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	8,817.08	4,159 Fully Paid Stapled Securities	4,159
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	585.90	279 Fully Paid Stapled Securities	279
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Borrow by an entity controlled by Morgan Stanley- see Annexure B	N/A	75,690 Fully Paid Stapled Securities	75,690
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	449.43	213 Fully Paid Stapled Securities	213
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	6,583.20	3,120 Fully Paid Stapled Securities	3,120
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	4,855.11	2,301 Fully Paid Stapled Securities	2,301
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	3,635.80	1,715 Fully Paid Stapled Securities	1,715
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	5,107.61	2,438 Fully Paid Stapled Securities	2,438
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	1,325.00	625 Fully Paid Stapled Securities	625
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	782.55	370 Fully Paid Stapled Securities	370
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	12.66	6 Fully Paid Stapled Securities	6
24/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	18,380.21	8,711 Fully Paid Stapled Securities	8,711
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by First Sentier Investors Holdings PtyLtd	537,557.54	253,529 Fully Paid Stapled Securities	253,529
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by First Sentier Investors Holdings PtyLtd	635,820.72	299,873 Fully Paid Stapled Securities	299,873
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by First Sentier Investors Holdings PtyLtd	1,852,221.99	873,566 Fully Paid Stapled Securities	873,566
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by First Sentier Investors Holdings PtyLtd	699,811.38	330,053 Fully Paid Stapled Securities	330,053
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by First Sentier Investors Holdings PtyLtd	3,246,535.51	1,531,168 Fully Paid Stapled Securities	1,531,168
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by First Sentier Investors Holdings PtyLtd	284,537.90	134,197 Fully Paid Stapled Securities	134,197
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by First Sentier Investors Holdings PtyLtd	2,246,139.81	1,059,350 Fully Paid Stapled Securities	1,059,350

Page 3

Annexure A

25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	6,266.70	2,970 Fully Paid Stapled Securities	2,970
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	29.68	14 Fully Paid Stapled Securities	14
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	780.70	370 Fully Paid Stapled Securities	370
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	6,643.47	3,119 Fully Paid Stapled Securities	3,119
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	264.38	125 Fully Paid Stapled Securities	125
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	4,664.68	2,216 Fully Paid Stapled Securities	2,216
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	2,576.31	1,221 Fully Paid Stapled Securities	1,221
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Borrow Returned by an entity controlled by Morgan Stanley - see Annexure B	N/A	3,954 Fully Paid Stapled Securities	3,954
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	110,682.16	52,456 Fully Paid Stapled Securities	52,456
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	2,268.40	1,070 Fully Paid Stapled Securities	1,070
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	913.63	433 Fully Paid Stapled Securities	433
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	195.77	93 Fully Paid Stapled Securities	93
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	4,515.53	2,135 Fully Paid Stapled Securities	2,135
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	2.14	1 Fully Paid Stapled Securities	1
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	7,203.69	3,406 Fully Paid Stapled Securities	3,406
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	9,262.90	4,390 Fully Paid Stapled Securities	4,390
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	84.60	40 Fully Paid Stapled Securities	40
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	7,266.84	3,444 Fully Paid Stapled Securities	3,444
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	300.33	142 Fully Paid Stapled Securities	142
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	1,480.50	700 Fully Paid Stapled Securities	700
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	102.00	48 Fully Paid Stapled Securities	48
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	231.55	110 Fully Paid Stapled Securities	110
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	66,977.73	31,743 Fully Paid Stapled Securities	31,743
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	651.18	305 Fully Paid Stapled Securities	305
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	4,655.52	2,196 Fully Paid Stapled Securities	2,196
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	20,000.70	9,390 Fully Paid Stapled Securities	9,390
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	13,656.30	6,503 Fully Paid Stapled Securities	6,503
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	117,177.90	55,799 Fully Paid Stapled Securities	55,799
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	1,248.18	586 Fully Paid Stapled Securities	586

Page 4

Annexure A

25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	3,033.12	1,424 Fully Paid Stapled Securities	1,424
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	5,180.16	2,432 Fully Paid Stapled Securities	2,432
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	164,662.29	78,039 Fully Paid Stapled Securities	78,039
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	10,626.57	4,989 Fully Paid Stapled Securities	4,989
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	1,635.41	766 Fully Paid Stapled Securities	766
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	7,260.51	3,441 Fully Paid Stapled Securities	3,441
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	65.88	31 Fully Paid Stapled Securities	31
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	877.76	416 Fully Paid Stapled Securities	416
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	12,047.96	5,683 Fully Paid Stapled Securities	5,683
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	20,335.04	9,592 Fully Paid Stapled Securities	9,592
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	178.93	85 Fully Paid Stapled Securities	85
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	95.18	45 Fully Paid Stapled Securities	45
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2.10	1 Fully Paid Stapled Securities	1
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	5,907.20	2,793 Fully Paid Stapled Securities	2,793
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	19,613.10	9,165 Fully Paid Stapled Securities	9,165
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	6,873.75	3,250 Fully Paid Stapled Securities	3,250
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	7,971.20	3,760 Fully Paid Stapled Securities	3,760
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	1,351.41	642 Fully Paid Stapled Securities	642
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	6.30	3 Fully Paid Stapled Securities	3
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	144.16	68 Fully Paid Stapled Securities	68
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	8,918.84	4,207 Fully Paid Stapled Securities	4,207
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	6,329.40	3,014 Fully Paid Stapled Securities	3,014
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	1,129.80	538 Fully Paid Stapled Securities	538
25/02/2025	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	123,383.40	58,754 Fully Paid Stapled Securities	58,754

Page 5

Annexure B

This is annexure B of 3 pages referred to in Form 605, Notice of ceasing to be a substantial holder dated 28 February 2025

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Authorised signatory Dated 28 February 2025

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	Schedule
Type of Agreement	Australian Master Securities Lending Agreement
Parties to agreement	Morgan Stanley Australia Securities Limited and BNP PARIBAS
Transfer Date	20250220;
Holder of Voting Rights	Borrower
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?	Ye~~s/No~~
If yes, detailThe Borrower shall be entitled at any time to terminate a particular loan of Securities and to redeliver all and any Equivalent Securities due and outstanding to the Lender in accordance with the Lender's instructions.
Does the lender have the right to recall early?	Ye~~s/No~~
If yes, detailThe Lender may call for the redelivery of all or any Equivalent Securities at any time by giving notice on any Business Day of not less than the Standard Settlement Time for such Equivalent Securities or the equivalent time on the exchange or in the clearing organisation through which the relevant borrowed Securities were originally delivered.
Will the securities be returned on settlement?	Ye~~s/No~~
If yes, detail any exceptionsIf an Event of Default occurs in relation to either Party, the Parties' delivery and payment obligations shall be accelerated so as to require performance thereof at the time such Event of Default occurs. In such event the Relevant Value of the Securities to be delivered by each Party shall be established and on the basis of the Relevant Values so established, an account shall be taken of what is due from each Party to the other and the sums due from one Party shall be set‐off against the sums due from the other and only the balance of the account shall be payable.
Schedule
Type of Agreement	Australian Master Securities Lending Agreement
Parties to agreement	Morgan Stanley Australia Securities Limited and JPMORGAN CHASE BANK, N.A.
Transfer Date	20250213; 20250217; 20250218; 20250220; 20250221;
Holder of Voting Rights	Borrower
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?	Ye~~s/No~~
If yes, detailThe Borrower shall be entitled at any time to terminate a particular loan of Securities and to redeliver all and any Equivalent Securities due and outstanding to the Lender in accordance with the Lender's instructions.
Does the lender have the right to recall early?	Ye~~s/No~~
If yes, detailThe Lender may call for the redelivery of all or any Equivalent Securities at any time by giving notice on any Business Day of not less than the Standard Settlement Time for such Equivalent Securities or the equivalent time on the exchange or in the clearing organisation through which the relevant borrowed Securities were originally delivered.
Will the securities be returned on settlement?	Ye~~s/No~~
If yes, detail any exceptionsIf an Event of Default occurs in relat such Event of Default occurs. In such event the Relevant Value of be taken of what is due from each Party to the other and the su	ion to either Party, the Parties' delivery and payment obligations shall be accelerated so as to require performance thereof at the time the Securities to be delivered by each Party shall be established and on the basis of the Relevant Values so established, an account shall ms due from one Party shall be set‐off against the sums due from the other and only the balance of the account shall be payable.
Schedule
Type of Agreement	Global Master Securities Lending Agreement
Parties to agreement	Morgan Stanley & Co. International plc and HSBC ETFS PLC‐HSBC FTSE EPRA/NAREIT DEVELOPED UCITS ETF
Transfer Date	20250114; 20250115; 20250116; 20250122; 20250123; 20250128; 20250130; 20250131; 20250204; 20250207; 20250211; 20250212; 20250214; 20250218;
Holder of Voting Rights	Borrower
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?	Ye~~s/No~~
If yes, detailThe Borrower is entitled at any time to terminate a L	oan and to redeliver all and any Equivalent Securities due and outstanding to the Lender in accordance with the Lender's instructions.
Does the lender have the right to recall early?	Ye~~s/No~~
If yes, detailThe Lender is entitled to terminate a Loan and to ca settlement time for such Equivalent Securities on the exchange or	ll for the redelivery of all or any Equivalent Securities at any time by giving notice on any Business Day of not less than the standard in the clearing organisation through which the Loaned Securities were originally delivered.
Will the securities be returned on settlement?	Ye~~s/No~~

Page 6

Annexure B

If yes, detail any exceptions If the Borrower does not redeliver Equivalent Securities in accordance with the Agreement, the Lender may by written notice to Borrower terminate the Loan forthwith and the Parties' delivery and payment obligations in respect thereof.

Schedule	Schedule
Type of Agreement	Global Master Securities Lending Agreement
Parties to agreement	Morgan Stanley & Co. International plc and THE NORTHERN TRUST COMPANY
Transfer Date	20250123; 20250124; 20250128; 20250203; 20250213; 20250214; 20250217; 20250218; 20250219; 20250220;
Holder of Voting Rights	Borrower
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?	Ye~~s/No~~
If yes, detailThe Borrower is entitled at any time to terminate a Loan and to redeliver all and any Equivalent Securities due and outstanding to the Lender in accordance with the Lender's instructions.
Does the lender have the right to recall early?	Ye~~s/No~~
If yes, detailThe Lender is entitled to terminate a Loan and to call for the redelivery of all or any Equivalent Securities at any time by giving notice on any Business Day of not less than the standard settlement time for such Equivalent Securities on the exchange or in the clearing organisation through which the Loaned Securities were originally delivered.
Will the securities be returned on settlement?	Ye~~s/No~~
If yes, detail any exceptionsIf the Borrower does not redeliver Equivalent Securities in accordance with the Agreement, the Lender may by written notice to Borrower terminate the Loan forthwith and the Parties' delivery and payment obligations in respect thereof.
Schedule
Type of Agreement	Global Master Securities Lending Agreement
Parties to agreement	Morgan Stanley & Co. International plc and THE BANK OF NEW YORK MELLON
Transfer Date	20250220;
Holder of Voting Rights	Borrower
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?	Ye~~s/No~~
If yes, detailThe Borrower is entitled at any time to terminate a Loan and to redeliver all and any Equivalent Securities due and outstanding to the Lender in accordance with the Lender's instructions.
Does the lender have the right to recall early?	Ye~~s/No~~
If yes, detailThe Lender is entitled to terminate a Loan and to call for the redelivery of all or any Equivalent Securities at any time by giving notice on any Business Day of not less than the standard settlement time for such Equivalent Securities on the exchange or in the clearing organisation through which the Loaned Securities were originally delivered.
Will the securities be returned on settlement?	Ye~~s/No~~
If yes, detail any exceptionsIf the Borrower does not redeliver Equivalent Securities in accordance with the Agreement, the Lender may by written notice to Borrower terminate the Loan forthwith and the Parties' delivery and payment obligations in respect thereof.

Schedule	Schedule
Type of Agreement	Global Master Securities Lending Agreement
Parties to agreement	Morgan Stanley & Co. International plc and OHIO PUBLIC EMPLOYEES RETIREMENT SYSTEM
Transfer Date	20250220; 20250224;
Holder of Voting Rights	Borrower
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?	Ye~~s/No~~
If yes, detailThe Borrower is entitled at any time to terminate a Loan and to redeliver all and any Equivalent Securities due and outstanding to the Lender in accordance with the Lender's instructions.
Does the lender have the right to recall early?	Ye~~s/No~~
If yes, detailThe Lender is entitled to terminate a Loan and to call for the redelivery of all or any Equivalent Securities at any time by giving notice on any Business Day of not less than the standard settlement time for such Equivalent Securities on the exchange or in the clearing organisation through which the Loaned Securities were originally delivered.
Will the securities be returned on settlement?	Ye~~s/No~~
If yes, detail any exceptionsIf the Borrower does not redeliver Equivalent Securities in accordance with the Agreement, the Lender may by written notice to Borrower terminate the Loan forthwith and the Parties' delivery and payment obligations in respect thereof.
Schedule
Type of Agreement	Global Master Securities Lending Agreement
Parties to agreement	Morgan Stanley & Co. International plc and JPMORGAN CHASE BANK, N.A.
Transfer Date	20250220; 20250225;
Holder of Voting Rights	Borrower
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?	Ye~~s/No~~
If yes, detailThe Borrower is entitled at any time to terminate a Loan and to redeliver all and any Equivalent Securities due and outstanding to the Lender in accordance with the Lender's instructions.
Does the lender have the right to recall early?	Ye~~s/No~~
If yes, detailThe Lender is entitled to terminate a Loan and to call for the redelivery of all or any Equivalent Securities at any time by giving notice on any Business Day of not less than the standard settlement time for such Equivalent Securities on the exchange or in the clearing organisation through which the Loaned Securities were originally delivered.
Will the securities be returned on settlement?	Ye~~s/No~~
If yes, detail any exceptionsIf the Borrower does not redeliver Equivalent Securities in accordance with the Agreement, the Lender may by written notice to Borrower terminate the Loan forthwith and the Parties' delivery and payment obligations in respect thereof.
Schedule
Type of Agreement	Global Master Securities Lending Agreement
Parties to agreement	Morgan Stanley & Co. International plc and RBC INVESTOR SERVICES TRUST
Transfer Date	20250217; 20250225;

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Annexure B

Holder of Voting Rights	Borrower
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?	Ye~~s/No~~
If yes, detailThe Borrower is entitled at any time to terminate a Loan and to redeliver all and any Equivalent Securities due and outstanding to the Lender in accordance with the Lender's instructions.
Does the lender have the right to recall early?	Ye~~s/No~~
If yes, detailThe Lender is entitled to terminate a Loan and to call for the redelivery of all or any Equivalent Securities at any time by giving notice on any Business Day of not less than the standard settlement time for such Equivalent Securities on the exchange or in the clearing organisation through which the Loaned Securities were originally delivered.
Will the securities be returned on settlement?	Ye~~s/No~~
If yes, detail any exceptionsIf the Borrower does not redeliver Equivalent Securities in accordance with the Agreement, the Lender may by written notice to Borrower terminate the Loan forthwith and the Parties' delivery and payment obligations in respect thereof.
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 CHANNEL INVESTMENT MANAGEMENT LIMITED AS RESPONSIBLE ENTITY FOR CC SAGE CAPITAL EQUITY PLUS FUND
Transfer Date	20250224;
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?	Ye~~s/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?	Ye~~s/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?	Ye~~s/No~~
If yes, detail any exceptionsUpon 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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