XERO LIMITED — Major Shareholding Notification 2018

Aug 29, 2018

Corporations Law Section 671B

Notice of ceasing to be a substantial holder

Form 605

To: Company Name/Scheme XERO LIMITED ACN/ARSN 160 661 183

ACN/ARSN

1. Details of substantial holder (1)

Name UBS Group AG and its related bodies corporate

ACN/ARSN (if applicable):

The holder ceased to be a substantial shareholder on

The previous notice was given to the company on

The previous notice was dated

28 August 2018 28 August 2018 24 August 2018

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 (4)	Consideration given in relation to change (5)	Class (6) and Number of securities affected	Person’s votes affected
Please see Appendix A.

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) 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
N/A	N/A

4. Addresses

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

Name	Address
Details of all UBS offices can be found through the following link: http://apps2.ubs.com/locationfinder/

SIGNATURE

Print Name: Sign Here: Print Name: Sign Here:	Serene Peh Capacity: Authorised signatory
	Date: 30 August 2018
	Philip Alexander Capacity: Authorised signatory
	Date: 30 August 2018

Contact details for this notice:

----------------------------------------------------Serene Peh Compliance & Operational Risk Control (T) +65 6495 5283

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XRO - Appendix A
Date of change Person whose relevant interest changed Nature of Change Consideration given in Number of securities Class
relation to change
27-Aug-18 UBS Securities Australia Ltd Buy 1,499,684 29,740 Ordinary
27-Aug-18 UBS Securities Australia Ltd Sell 1,203,555 (23,818) Ordinary
27-Aug-18 UBS Securities Australia Ltd Buy 102 2 Ordinary
27-Aug-18 UBS Securities Australia Ltd Buy 153 3 Ordinary
27-Aug-18 UBS Securities Australia Ltd Buy 1,122 22 Ordinary
27-Aug-18 UBS Securities Australia Ltd Buy 1,734 34 Ordinary
27-Aug-18 UBS Securities Australia Ltd Buy 15,348 301 Ordinary
27-Aug-18 UBS Securities Australia Ltd Buy 41,812 820 Ordinary
27-Aug-18 UBS Securities Australia Ltd Buy 160,058 3,139 Ordinary
27-Aug-18 UBS Securities Australia Ltd Buy 170,154 3,337 Ordinary
27-Aug-18 UBS Securities Australia Ltd Sell 255 (5) Ordinary
27-Aug-18 UBS Securities Australia Ltd Sell 3,722 (73) Ordinary
27-Aug-18 UBS Securities Australia Ltd Buy 568,692 11,269 Ordinary
27-Aug-18 UBS Securities Australia Ltd Sell 290,645 (5,759) Ordinary
27-Aug-18 UBS Securities Australia Ltd Sell 1,601,269 (31,711) Ordinary
27-Aug-18 UBS Securities Australia Ltd Sell 1,180,324 (23,381) Ordinary
27-Aug-18 UBS Securities Australia Ltd Sell 317,659 (6,293) Ordinary
27-Aug-18 UBS Securities Australia Ltd Buy 2,311,943 45,726 Ordinary
27-Aug-18 UBS Securities Australia Ltd Buy 32,115 640 Ordinary
27-Aug-18 UBS Securities Australia Ltd Buy 11,371 223 Ordinary
27-Aug-18 UBS Securities Australia Ltd Sell 2,050 (41) Ordinary
27-Aug-18 UBS Securities Australia Ltd Sell 5,143 (102) Ordinary
27-Aug-18 UBS Securities Australia Ltd Sell 303,655 (6,008) Ordinary
27-Aug-18 UBS Securities Australia Ltd Sell 75,379 (1,490) Ordinary
27-Aug-18 UBS Securities Australia Ltd Sell 108,571 (2,146) Ordinary
27-Aug-18 UBS Securities Australia Ltd Buy 3,084 61 Ordinary
27-Aug-18 UBS Securities Australia Ltd Buy 308,481 6,114 Ordinary
27-Aug-18 UBS Securities Australia Ltd Sell 253,019 (5,008) Ordinary
27-Aug-18 UBS Securities Australia Ltd Buy 53,796 1,063 Ordinary
27-Aug-18 UBS Securities Australia Ltd Sell 5,077 (100) Ordinary
27-Aug-18 UBS Securities Australia Ltd Buy 77,784 1,539 Ordinary
27-Aug-18 UBS Securities Australia Ltd Sell 21,284 (422) Ordinary
27-Aug-18 UBS Securities Australia Ltd Buy 47,846 944 Ordinary
27-Aug-18 UBS Securities Australia Ltd Buy 16,580 327 Ordinary
27-Aug-18 UBS Securities Australia Ltd Buy 39,778 788 Ordinary
27-Aug-18 UBS Securities Australia Ltd Buy 29,076 576 Ordinary
27-Aug-18 UBS Securities Australia Ltd Sell 98,977 (1,943) Ordinary
27-Aug-18 UBS Securities Australia Ltd Sell 6,735 (134) Ordinary
27-Aug-18 UBS Securities Australia Ltd Sell 14,231 (281) Ordinary
27-Aug-18 UBS Securities Australia Ltd Sell 25,353 (502) Ordinary
27-Aug-18 UBS Securities Australia Ltd Buy 18,255 362 Ordinary
27-Aug-18 UBS Securities Australia Ltd Buy 222,506 4,417 Ordinary
27-Aug-18 UBS Securities Australia Ltd Sell 608 (12) Ordinary
27-Aug-18 UBS Securities Australia Ltd Sell 15,524 (307) Ordinary
27-Aug-18 UBS Securities Australia Ltd Sell 16,097 (317) Ordinary
27-Aug-18 UBS Securities Australia Ltd Sell 1,938,851 (38,134) Ordinary
27-Aug-18 UBS Securities Australia Ltd Stock borrowed N/A 200,000 Ordinary
27-Aug-18 UBS AG Australia Branch Stock received N/A 1,689 Ordinary
28-Aug-18 UBS Securities Australia Ltd Sell 102 (2) Ordinary
28-Aug-18 UBS Securities Australia Ltd Sell 509 (10) Ordinary
28-Aug-18 UBS Securities Australia Ltd Sell 437,836 (8,642) Ordinary
28-Aug-18 UBS Securities Australia Ltd Sell 392,939 (7,747) Ordinary
28-Aug-18 UBS Securities Australia Ltd Buy 361,894 7,147 Ordinary
28-Aug-18 UBS Securities Australia Ltd Sell 3,609 (71) Ordinary
28-Aug-18 UBS Securities Australia Ltd Buy 152 3 Ordinary
28-Aug-18 UBS Securities Australia Ltd Buy 305 6 Ordinary
28-Aug-18 UBS Securities Australia Ltd Sell 11,816 (233) Ordinary
28-Aug-18 UBS Securities Australia Ltd Buy 321,626 6,344 Ordinary
28-Aug-18 UBS Securities Australia Ltd Sell 441,429 (8,716) Ordinary
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28-Aug-18 UBS Securities Australia Ltd Buy 943,261 18,615 Ordinary
28-Aug-18 UBS Securities Australia Ltd Sell 40,865 (806) Ordinary
28-Aug-18 UBS Securities Australia Ltd Sell 1,006,679 (19,869) Ordinary
28-Aug-18 UBS Securities Australia Ltd Buy 11,176 219 Ordinary
28-Aug-18 UBS Securities Australia Ltd Sell 77,414 (1,523) Ordinary
28-Aug-18 UBS Securities Australia Ltd Buy 2,484 49 Ordinary
28-Aug-18 UBS Securities Australia Ltd Sell 186,648 (3,678) Ordinary
28-Aug-18 UBS Securities Australia Ltd Buy 9,939 196 Ordinary
28-Aug-18 UBS Securities Australia Ltd Sell 47,797 (945) Ordinary
28-Aug-18 UBS Securities Australia Ltd Buy 5,940 117 Ordinary
28-Aug-18 UBS Securities Australia Ltd Sell 20,438 (402) Ordinary
28-Aug-18 UBS Securities Australia Ltd Buy 20,205 400 Ordinary
28-Aug-18 UBS Securities Australia Ltd Sell 397,411 (7,842) Ordinary
28-Aug-18 UBS Securities Australia Ltd Buy 195,804 3,868 Ordinary
28-Aug-18 UBS Securities Australia Ltd Sell 11,592 (229) Ordinary
28-Aug-18 UBS Securities Australia Ltd Buy 5,764 114 Ordinary
28-Aug-18 UBS Securities Australia Ltd Sell 281,252 (5,553) Ordinary
28-Aug-18 UBS Securities Australia Ltd Sell 64,546 (1,274) Ordinary
28-Aug-18 UBS Securities Australia Ltd Sell 277,460 (5,462) Ordinary
28-Aug-18 UBS Securities Australia Ltd Sell 56,621 (1,115) Ordinary
28-Aug-18 UBS Securities Australia Ltd Buy 7,053 139 Ordinary
28-Aug-18 UBS Securities Australia Ltd Sell 28,371 (560) Ordinary
28-Aug-18 UBS Securities Australia Ltd Sell 3,094 (61) Ordinary
28-Aug-18 UBS Securities Australia Ltd Buy 15,091 298 Ordinary
28-Aug-18 UBS Securities Australia Ltd Sell 810,469 (16,000) Ordinary
28-Aug-18 UBS Securities Australia Ltd Sell 312,480 (6,150) Ordinary
28-Aug-18 UBS Securities Australia Ltd Sell 1,240,536 (24,487) Ordinary
28-Aug-18 UBS Securities Australia Ltd Stock returned N/A (146,844) Ordinary
28-Aug-18 UBS Securities Australia Ltd Stock returned N/A (151,642) Ordinary
28-Aug-18 UBS Securities Australia Ltd Stock returned N/A (1,700,000) Ordinary
28-Aug-18 UBS Securities Australia Ltd Stock returned N/A (1,300,000) Ordinary
28-Aug-18 UBS Securities Australia Ltd Stock returned N/A (500,000) Ordinary
28-Aug-18 UBS Securities Australia Ltd Stock returned N/A (400,000) Ordinary
28-Aug-18 UBS Securities Australia Ltd Stock returned N/A (200,000) Ordinary
28-Aug-18 UBS AG Australia Branch Stock received N/A 471,851 Ordinary
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