Resolute Mining Limited — Major Shareholding Notification 2021

Mar 23, 2021

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To: Company Name/Scheme:		Resolute Mining Ltd
ACN/ARSN:		097 088 689
	1. Details of substantial holder
Name:		Mitsubishi UFJ Financial Group, Inc.
	The holder ceased to be a substantial holder on:		19/03/2021
	The previous notice was given to the company on:		22/03/2021
The previous notice was dated:			22/03/2021
The holder became aware on:			23/03/2021

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 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:

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

5. Signature

Dated 24/03/2021

Authorised signatory

Annexure A

This is annexure A of 2 pages referred to in Form 605, Notice of ceasing to be a substantial holder dated 24 March 2021

Authorised signatory Dated 24 March 2021

Date of change	Person whose relevant interestchanged	Nature of change	Considerationgiven in relationto change	Class and number ofsecurities affected	Person's votesaffected
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	1,376.16	2,101 Ordinary Shares	2,101
18/03/202118/03/2021	Mitsubishi UFJ Financial Group, Inc.Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan StanleyPurchase of securities by an entity controlled by Morgan Stanley	69,649.4336.96	106,335 Ordinary Shares56 Ordinary Shares	106,33556
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	1,464.32	2,288 Ordinary Shares	2,288
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	364.98	553 Ordinary Shares	553
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	1,927.84	2,899 Ordinary Shares	2,899
18/03/202118/03/2021	Mitsubishi UFJ Financial Group, Inc.Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan StanleyPurchase of securities by an entity controlled by Morgan Stanley	7,014.4075,028.29	10,960 Ordinary Shares114,547 Ordinary Shares	10,960114,547
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	31,543.49	48,158 Ordinary Shares	48,158
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	201.74	308 Ordinary Shares	308
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	13,431.43	20,506 Ordinary Shares	20,506
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	12,925.77	19,734 Ordinary Shares	19,734
18/03/202118/03/2021	Mitsubishi UFJ Financial Group, Inc.Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan StanleyPurchase of securities by an entity controlled by Morgan Stanley	16,965.0016,440.60	26,100 Ordinary Shares24,910 Ordinary Shares	26,10024,910
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	13,134.98	20,685 Ordinary Shares	20,685
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	8,326.50	12,810 Ordinary Shares	12,810
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	61,224.90	92,765 Ordinary Shares	92,765
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	575.09	878 Ordinary Shares	878
18/03/202118/03/2021	Mitsubishi UFJ Financial Group, Inc.Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan StanleyPurchase of securities by an entity controlled by Morgan Stanley	7,415.911,884.96	11,322 Ordinary Shares2,856 Ordinary Shares	11,3222,856
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	741.24	1,136 Ordinary Shares	1,136
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	1,303.55	2,021 Ordinary Shares	2,021
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	6,350.00	10,000 Ordinary Shares	10,000
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	1,450.02	2,197 Ordinary Shares	2,197
18/03/202118/03/2021	Mitsubishi UFJ Financial Group, Inc.Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan StanleyPurchase of securities by an entity controlled by Morgan Stanley	5.247,795.47	8 Ordinary Shares12,086 Ordinary Shares	812,086
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	12,394.57	18,923 Ordinary Shares	18,923
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	4,116.45	6,333 Ordinary Shares	6,333
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	452.18	693 Ordinary Shares	693
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	4,499.04	6,791 Ordinary Shares	6,791
18/03/202118/03/2021	Mitsubishi UFJ Financial Group, Inc.Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan StanleyPurchase of securities by an entity controlled by Morgan Stanley	24,538.947,447.35	38,644 Ordinary Shares11,370 Ordinary Shares	38,64411,370
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	1,207.08	1,916 Ordinary Shares	1,916
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	1,073.75	1,718 Ordinary Shares	1,718
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	1.88	3 Ordinary Shares	3
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	15,194.34	24,118 Ordinary Shares	24,118
18/03/202118/03/2021	Mitsubishi UFJ Financial Group, Inc.Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan StanleySale of securities by an entity controlled by Morgan Stanley	32.8922,236.48	52 Ordinary Shares35,296 Ordinary Shares	5235,296
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	6,645.91	10,466 Ordinary Shares	10,466
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	28.35	45 Ordinary Shares	45
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	1,385.18	2,190 Ordinary Shares	2,190
18/03/2021	Mitsubishi UFJ Financial Group, Inc.	Collateral Returned by an entity controlled by Morgan Stanley – see Annexure B	N/A	572,824 Ordinary Shares	572,824
19/03/202119/03/2021	Mitsubishi UFJ Financial Group, Inc.Mitsubishi UFJ Financial Group, Inc.	Collateral Returned by an entity controlled by Morgan Stanley – see Annexure BSale of securities by an entity controlled by Morgan Stanley	N/A12,811.29	22,859,791 Ordinary Shares20,255 Ordinary Shares	22,859,79120,255
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	8,820.21	13,945 Ordinary Shares	13,945
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	3,339.63	5,301 Ordinary Shares	5,301
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	43,583.70	66,540 Ordinary Shares	66,540
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,386.97	3,759 Ordinary Shares	3,759
19/03/202119/03/2021	Mitsubishi UFJ Financial Group, Inc.Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan StanleyPurchase of securities by an entity controlled by Morgan Stanley	81,627.4834,578.03	123,678 Ordinary Shares51,609 Ordinary Shares	123,67851,609
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	3,825.50	5,931 Ordinary Shares	5,931
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,383.68	3,710 Ordinary Shares	3,710
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	6,284.60	9,897 Ordinary Shares	9,897
19/03/202119/03/2021	Mitsubishi UFJ Financial Group, Inc.Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan StanleyPurchase of securities by an entity controlled by Morgan Stanley	40.328,054.34	63 Ordinary Shares12,684 Ordinary Shares	6312,684
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	224.01	342 Ordinary Shares	342
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	3,130.25	4,779 Ordinary Shares	4,779
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	11,808.30	18,818 Ordinary Shares	18,818
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	1,902.56	3,008 Ordinary Shares	3,008
19/03/202119/03/2021	Mitsubishi UFJ Financial Group, Inc.Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan StanleySale of securities by an entity controlled by Morgan Stanley	8,293.7458,282.84	13,061 Ordinary Shares91,784 Ordinary Shares	13,06191,784
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	2,050.42	3,229 Ordinary Shares	3,229
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	4,808.79	7,633 Ordinary Shares	7,633
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	46,175.93	72,718 Ordinary Shares	72,718
19/03/202119/03/2021	Mitsubishi UFJ Financial Group, Inc.Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan StanleyPurchase of securities by an entity controlled by Morgan Stanley	3,177.30936	4,760 Ordinary Shares1,440 Ordinary Shares	4,7601,440
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	93,496.77	147,239 Ordinary Shares	147,239
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	13,999.85	22,047 Ordinary Shares	22,047
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	16,312.96	25,489 Ordinary Shares	25,489
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	35,749.35	56,745 Ordinary Shares	56,745
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	27,292.30	42,980 Ordinary Shares	42,980
19/03/202119/03/2021	Mitsubishi UFJ Financial Group, Inc.Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan StanleySale of securities by an entity controlled by Morgan Stanley	21,222.2714,586.24	33,553 Ordinary Shares23,245 Ordinary Shares	33,55323,245
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	18,905.67	30,009 Ordinary Shares	30,009
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	476,615.13	750,575 Ordinary Shares	750,575
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	526.66	789 Ordinary Shares	789
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	45,501.56	71,656 Ordinary Shares	71,656
19/03/202119/03/2021	Mitsubishi UFJ Financial Group, Inc.Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan StanleyPurchase of securities by an entity controlled by Morgan Stanley	3,933.15126,574.11	6,051 Ordinary Shares190,337 Ordinary Shares	6,051190,337
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	275.31	437 Ordinary Shares	437
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	317.52	502 Ordinary Shares	502
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	5,732.84	9,136 Ordinary Shares	9,136
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	847.36	1,324 Ordinary Shares	1,324
19/03/202119/03/2021	Mitsubishi UFJ Financial Group, Inc.Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan StanleyPurchase of securities by an entity controlled by Morgan Stanley	13,344.032,569.21	21,181 Ordinary Shares4,046 Ordinary Shares	21,1814,046

19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	92,863.67	146,242 Ordinary Shares	146,242
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,729.00	4,231 Ordinary Shares	4,231
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,428.01	3,779 Ordinary Shares	3,779
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	5,813.28	8,808 Ordinary Shares	8,808
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	13,244.16	20,694 Ordinary Shares	20,694
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	1,489.90	2,266 Ordinary Shares	2,266
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	813.4	1,286 Ordinary Shares	1,286
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	22,965.12	35,883 Ordinary Shares	35,883
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	1,014.53	1,604 Ordinary Shares	1,604
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	6,008.96	9,389 Ordinary Shares	9,389
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	2,552.13	4,051 Ordinary Shares	4,051
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	999.75	1,550 Ordinary Shares	1,550
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	288.29	454 Ordinary Shares	454
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	350.08	547 Ordinary Shares	547
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	43,429.12	67,858 Ordinary Shares	67,858
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	433.61	662 Ordinary Shares	662
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	18,837.00	29,900 Ordinary Shares	29,900
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	6,499.86	10,236 Ordinary Shares	10,236
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	304,638.08	479,745 Ordinary Shares	479,745
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	3,771.32	5,847 Ordinary Shares	5,847
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	33,867.66	52,508 Ordinary Shares	52,508
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	2,509.71	3,876 Ordinary Shares	3,876
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	1,189.50	1,830 Ordinary Shares	1,830
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	3,156.30	5,010 Ordinary Shares	5,010
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	76.84	121 Ordinary Shares	121
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	4,467.90	6,744 Ordinary Shares	6,744
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	1,562.09	2,349 Ordinary Shares	2,349
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	30,674.95	48,307 Ordinary Shares	48,307
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	602.28	956 Ordinary Shares	956
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity controlled by Morgan Stanley	1,548.04	2,467 Ordinary Shares	2,467
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	4,721.90	7,209 Ordinary Shares	7,209
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	85,328.76	134,376 Ordinary Shares	134,376
19/03/2021	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by Morgan Stanley	5,508.55	8,410 Ordinary Shares	8,410

Annexure B

This is annexure B of 2 pages referred to in Form 605, Notice of ceasing to be a substantial holder dated 24 March 2021

Authorised signatory Dated 24 March 2021

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.

Type of Agreement	International Prime Brokerage Agreement
Parties to agreement	Morgan Stanley & Co. International plc for itself and as agent and trustee forand on behalf of the other Morgan Stanley Companies and L1 LONG SHORTFUND LIMITED
Transfer Date	20210319;
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 thebasis 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 offagainst 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 forand on behalf of the other Morgan Stanley Companies and CERES CAPITAL PTYLTD
Transfer Date	20210319;
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 thebasis 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 offagainst 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 forand on behalf of the other Morgan Stanley Companies and L1 CAPITAL LONGSHORT (MASTER) FUND
Transfer Date	20210319;
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 applicableScheduled Return Date (if any)	Open
Does the borrower have the right to return early?	Yes/No

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 theagainst the amounts due from the other party and only the balance of the account shall be payable.	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
Schedule
Type of Agreement	International Prime Brokerage Agreement
Parties to agreement	Morgan Stanley & Co. International plc for itself and as agent and trustee forand on behalf of the other Morgan Stanley Companies and COWENINTERNATIONAL LIMITED
Transfer Date	20210318;
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 theagainst the amounts due from the other party and only the balance of the account shall be payable.	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
Schedule
Type of Agreement	International Prime Brokerage Agreement
Parties to agreement	Morgan Stanley & Co. International plc for itself and as agent and trustee forand on behalf of the other Morgan Stanley Companies and EQUITY TRUSTEESLIMITED AS TRUSTEE FOR L1 CAPITAL LONG SHORT FUND
Transfer Date	20210319;
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 theagainst the amounts due from the other party and only the balance of the account shall be payable.	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