Australian Finance : Change in substantial holding Opens in a new Window

		Form 604
	Corporations Act 2001
		Section 671B
	Notice of change of interests of substantial holder
To: Company Name/Scheme:	AUSTRALIAN FINANCE GROUP LTD
ACN/ARSN	066 385 822
1. Details of substantial holder
Name	First Sentier Investors Holdings Pty Ltd ACN 630 725 558 and its related bodies corporate listed in annexure A
There was a change in the interests of the	21/10/2019
substantial holder on
The previous notice was given to the company on	04/10/2019
The previous notice was dated	03/10/2019
2. Previous and present 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 had a relevant interest in when last required, and when now required, to give a substantial holding notice to the
company or scheme are as follows:
Class of securities	Previous notice		Present notice
	Person's votes	Voting power (%)	Person's votes	Voting power (%)
Fully Paid ordinary shares	22,880,234	10.61	20,604,841*	9.56

*Note these securities are comprised of 19,375,033 in which First Sentier Investors Holdings Pty Ltd and its subsidiaries have voting power and 1,229,808 in which First Sentier Investors Holdings Pty Ltd's ultimate parent entity (Mitsubishi UFJ Financial Group, Inc (MUFG) on and from 2 August 2019), has informed us that it has voting power prior to the date of this notice .

3. Changes in relevant interest

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	Person whose		Consideration given in
relevant interest	Nature of change
change	relation to change
changed
See annexure B to this notice

4.Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Class and number of securities affected

Person's votes affected

Holder of relevant interest

First Sentier Investors (Australia) IM Ltd ACN 114 194 311

First Sentier Investors (Australia) IM Ltd ACN 114 194 311

Registered holder	Person entitled to be	Nature of relevant
of securities	registered as holder	interest
		Relevant interest under paragraph
		608(1)(b) and/or 608(1)(c) of the
		Corporations Act 2001 (Cth), being a
		relevant interest arising from having
		the power to control the exercise of the
		right to vote attached to securities
		and/or to control the exercise of the
		power to dispose of securities in its
		capacity as investment manager (as
Citibank N A Hong Kong		provided for under its investment
	mandates). In addition, if any OTC
		derivatives, warrants or other securities
		(other than ordinary shares or ordinary
		units (as applicable)) are referred to
		below in this row, the relevant interest
		in respect of those securities arises
		under subsection 608(8) being an
		accelerated relevant interest held in
		the same capacity.
		Relevant interest under paragraph
		608(1)(b) and/or 608(1)(c) of the
		Corporations Act 2001 (Cth), being a
		relevant interest arising from having
		the power to control the exercise of the
		right to vote attached to securities
		and/or to control the exercise of the
		power to dispose of securities in its
		capacity as investment manager (as
Citicorp Nominees Pty		provided for under its investment
Limited (Australia)		mandates). In addition, if any OTC
		derivatives, warrants or other securities
		(other than ordinary shares or ordinary
		units (as applicable)) are referred to
		below in this row, the relevant interest
		in respect of those securities arises
		under subsection 608(8) being an
		accelerated relevant interest held in
		the same capacity.

Class and number of securities

4,496,051 Fully paid ordinary shares

8,968,292 Fully paid ordinary shares

Person's votes

4,496,051

8,968,292

First Sentier Investors (Australia) IM Ltd ACN 114 194 311

First Sentier Investors (Australia) IM Ltd ACN 114 194 311

Mitsubishi UFJ Financial Group, Inc. Not Applicable

First Sentier Investors Realindex Pty Ltd ACN 133 312 017

First Sentier Investors Realindex Pty Ltd ACN 133 312 017

First Sentier Investors Realindex Pty Ltd ACN 133 312 017

Northern Trust Company

State Street Global

Advisors (Australia)

Limited

Unknown

Citibank N A Hong Kong

JPMorgan (UK)

National Custodian Services

Relevant interest under paragraph 608(1)(b) and/or 608(1)(c) of the Corporations Act 2001 (Cth), being a relevant interest arising from having the power to control the exercise of the right to vote attached to securities and/or to control the exercise of the power to dispose of securities in its capacity as investment manager (as provided for under its investment mandates). In addition, if any OTC derivatives, warrants or other securities (other than ordinary shares or ordinary units (as applicable)) are referred to below in this row, the relevant interest in respect of those securities arises under subsection 608(8) being an accelerated relevant interest held in the same capacity.

Relevant interest under paragraph 608(1)(b) and/or 608(1)(c) of the Corporations Act 2001 (Cth), being a relevant interest arising from having the power to control the exercise of the right to vote attached to securities and/or to control the exercise of the power to dispose of securities in its capacity as investment manager (as provided for under its investment mandates). In addition, if any OTC derivatives, warrants or other securities (other than ordinary shares or ordinary units (as applicable)) are referred to below in this row, the relevant interest in respect of those securities arises under subsection 608(8) being an accelerated relevant interest held in the same capacity.

MUFG owns 100% of First Sentier Investors Holdings Pty Ltd (indirectly) and has informed First Sentier Investors Holdings Pty Ltd that it has a relevant interest in the shares noted in this column. Accordingly, First Sentier Investors Holdings Pty Ltd has a relevant interest or voting power in those shares pursuant to section 608(3) or section 12(2)(a) of the Corporations Act (as relevant). MUFG has not provided any further details of that relevant interest - accordingly no transaction information is recorded in Appendix B or holder information is recorded in Section 4. Reference is made to any subsequent filing of MUFG which will reflect this interest.

Relevant interest under paragraph 608(1)(b) and/or 608(1)(c) of the Corporations Act 2001 (Cth), being a relevant interest arising from having the power to control the exercise of the right to vote attached to securities and/or to control the exercise of the power to dispose of securities in its capacity as investment manager, as provided for under its investment mandates. In addition, if any OTC derivatives, warrants or other securities (other than ordinary shares or ordinary units (as applicable)) are referred to below in this row, the relevant interest in respect of those securities arises under subsection 608(8) being an accelerated relevant interest held in the same capacity.

Relevant interest under paragraph 608(1)(b) and/or 608(1)(c) of the Corporations Act 2001 (Cth), being a relevant interest arising from having the power to control the exercise of the right to vote attached to securities and/or to control the exercise of the power to dispose of securities in its capacity as investment manager, as provided for under its investment mandates. In addition, if any OTC derivatives, warrants or other securities (other than ordinary shares or ordinary units (as applicable)) are referred to below in this row, the relevant interest in respect of those securities arises under subsection 608(8) being an accelerated relevant interest held in the same capacity.

Relevant interest under paragraph 608(1)(b) and/or 608(1)(c) of the Corporations Act 2001 (Cth), being a relevant interest arising from having the power to control the exercise of the right to vote attached to securities and/or to control the exercise of the power to dispose of securities in its capacity as investment manager, as provided for under its investment mandates. In addition, if any OTC derivatives, warrants or other securities (other than ordinary shares or ordinary units (as applicable)) are referred to below in this row, the relevant interest in respect of those securities arises under subsection 608(8) being an accelerated relevant interest held in the same capacity.

1,032,315

736,972

1,229,808

2,535,892

575,490

1,030,021

Fully paid ordinary shares

Fully paid ordinary shares

Fully paid ordinary shares

Fully paid ordinary shares

Fully paid ordinary shares

Fully paid ordinary shares

1,032,315

736,972

1,229,808

2,535,892

575,490

1,030,021

5. 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
6. Addresses
The addresses of persons named in this form are as follows:
Name	Address
First Sentier Investors (Australia) IM Ltd ACN 114 194 311	Level 5, Tower Three International Towers Sydney, 300 Barangaroo Avenue, Barangaroo NSW 2000
Mitsubishi UFJ Financial Group, Inc. Not Applicable	2-7-1, Marunouchi, Chiyoda-ku, Tokyo 100-8330, Japan
First Sentier Investors Realindex Pty Ltd ACN 133 312 017	Level 5, Tower Three International Towers Sydney, 300 Barangaroo Avenue, Barangaroo NSW 2000
Signature

Dated the 23 day of October 2019

Rachel Lim - Company Secretary

Annexure A

This is annexure A referred to in Form 604, Notice of change of interest of substantial holder dated 21/10/2019

Rachel Lim

Company Secretary

Dated the 23/10/2019

SCHEDULE

CFSPAI EUROPE CO LIMITED

CFSPAI EUROPE HOLDCO LIMITED

COLONIAL FIRST STATE INVESTMENT MANAGERS (UK) LIMITED

EDIF II GP S.A.R.L

FIRST SENTIER INVESTOR (AUSTRALIA) SERVICES PTY LTD

FIRST SENTIER INVESTORS (AUSTRALIA) IM LTD

FIRST SENTIER INVESTORS (AUSTRALIA) INFRASTRUCTURE HOLDINGS LTD

FIRST SENTIER INVESTORS (AUSTRALIA) INFRASTRUCTURE MANAGERS PTY LTD

FIRST SENTIER INVESTORS (AUSTRALIA) IP HOLDINGS PTY LTD

FIRST SENTIER INVESTORS (AUSTRALIA) RE LTD

FIRST SENTIER INVESTORS ASIA HOLDINGS LTD

FIRST SENTIER INVESTORS REALINDEX PTY LTD

FIRST STATE EUROPEAN DIVERSIFIED INFRASTRUCTURE S.A.R.L

FIRST STATE INFRASTRUCTURE MANAGERS (INTERNATIONAL) LIMITED

FIRST STATE INVESTMENT MANAGEMENT (UK) LIMITED

FIRST STATE INVESTMENT SERVICES (UK) LIMITED

FIRST STATE INVESTMENTS (HONG KONG) LIMITED

FIRST STATE INVESTMENTS (IRELAND) LIMITED

FIRST STATE INVESTMENTS (JAPAN) LIMITED

FIRST STATE INVESTMENTS (SINGAPORE)

FIRST STATE INVESTMENTS (UK HOLDINGS) LIMITED

FIRST STATE INVESTMENTS (UK) LIMITED

FIRST STATE INVESTMENTS (US) LLC

FIRST STATE INVESTMENTS FUND MANAGEMENT S.A.R.L

FIRST STATE INVESTMENTS HOLDINGS (SINGAPORE) LIMITED

FIRST STATE INVESTMENTS INTERNATIONAL LIMITED

FIRST STATE NOMINEES (HONG KONG) LIMITED

FSIB LTD

MITSUBISHI UFJ FINANCIAL GROUP, INC

MITSUBISHI UFJ TRUST AND BANKING CORPORATION

SI HOLDINGS LIMITED

TOTAL KEEN INVESTMENT LIMITED

Annexure B

This is annexure B referred to in Form 604, Notice of change of interest of substantial holder dated 21/10/2019

Rachel Lim

Company Secretary

Dated the 23/10/2019

						Person's
	Person whose relevant interest			Consideration given in	Class and number of	votes
Date of change	changed		Nature of change	relation to change	securities affected	affected
	First Sentier Investors (Australia)				45,043 Ordinary shares
Monday, 07 October 2019	IM Ltd ACN 114 194 311	Sale		100,351.30		45,043
	First Sentier Investors (Australia)				19,316 Ordinary shares
Monday, 07 October 2019	IM Ltd ACN 114 194 311	Sale		43,034.12		19,316
	First Sentier Investors (Australia)				33,012 Ordinary shares
Tuesday, 08 October 2019	IM Ltd ACN 114 194 311	Sale		73,953.48		33,012
	First Sentier Investors (Australia)				14,156 Ordinary shares
Tuesday, 08 October 2019	IM Ltd ACN 114 194 311	Sale		31,712.27		14,156
	First Sentier Investors (Australia)				152,168 Ordinary shares
Friday, 11 October 2019	IM Ltd ACN 114 194 311	Sale		340,095.48		152,168
	First Sentier Investors (Australia)				102,092 Ordinary shares
Friday, 11 October 2019	IM Ltd ACN 114 194 311	Sale		228,175.62		102,092
	First Sentier Investors (Australia)				87,152 Ordinary shares
Friday, 11 October 2019	IM Ltd ACN 114 194 311	Sale		194,784.72		87,152
	First Sentier Investors (Australia)				64,847 Ordinary shares
Friday, 11 October 2019	IM Ltd ACN 114 194 311	Sale		144,933.05		64,847
	First Sentier Investors (Australia)				320,370 Ordinary shares
Friday, 11 October 2019	IM Ltd ACN 114 194 311	Sale		716,026.95		320,370
	First Sentier Investors (Australia)				143,355 Ordinary shares
Friday, 11 October 2019	IM Ltd ACN 114 194 311	Sale		320,398.43		143,355
	First Sentier Investors (Australia)				4,196 Ordinary shares
Wednesday, 16 October 2019	IM Ltd ACN 114 194 311	Sale		10,259.22		4,196
	First Sentier Investors (Australia)				1,224 Ordinary shares
Wednesday, 16 October 2019	IM Ltd ACN 114 194 311	Sale		2,992.68		1,224
	First Sentier Investors (Australia)				1,875 Ordinary shares
Wednesday, 16 October 2019	IM Ltd ACN 114 194 311	Sale		4,584.38		1,875
	First Sentier Investors (Australia)				1,914 Ordinary shares
Wednesday, 16 October 2019	IM Ltd ACN 114 194 311	Sale		4,689.49		1,914
	First Sentier Investors (Australia)				1,008 Ordinary shares
Wednesday, 16 October 2019	IM Ltd ACN 114 194 311	Sale		2,464.56		1,008
	First Sentier Investors (Australia)				1,029 Ordinary shares
Wednesday, 16 October 2019	IM Ltd ACN 114 194 311	Sale		2,521.15		1,029
	First Sentier Investors (Australia)				1,249 Ordinary shares
Wednesday, 16 October 2019	IM Ltd ACN 114 194 311	Sale		3,060.17		1,249
	First Sentier Investors (Australia)				1,340 Ordinary shares
Wednesday, 16 October 2019	IM Ltd ACN 114 194 311	Sale		3,276.30		1,340
	First Sentier Investors (Australia)				1,368 Ordinary shares
Wednesday, 16 October 2019	IM Ltd ACN 114 194 311	Sale		3,351.74		1,368
	First Sentier Investors (Australia)				4,284 Ordinary shares
Wednesday, 16 October 2019	IM Ltd ACN 114 194 311	Sale		10,496.23		4,284
	First Sentier Investors (Australia)				2,357 Ordinary shares
Wednesday, 16 October 2019	IM Ltd ACN 114 194 311	Sale		5,762.87		2,357
	First Sentier Investors (Australia)				2,405 Ordinary shares
Wednesday, 16 October 2019	IM Ltd ACN 114 194 311	Sale		5,892.49		2,405
	First Sentier Investors (Australia)				188 Ordinary shares
Thursday, 17 October 2019	IM Ltd ACN 114 194 311	Sale		454.02		188
	First Sentier Investors (Australia)				287 Ordinary shares
Thursday, 17 October 2019	IM Ltd ACN 114 194 311	Sale		693.11		287
	First Sentier Investors (Australia)				361 Ordinary shares
Thursday, 17 October 2019	IM Ltd ACN 114 194 311	Sale		871.82		361
	First Sentier Investors (Australia)				2,524 Ordinary shares
Thursday, 17 October 2019	IM Ltd ACN 114 194 311	Sale		6,158.56		2,524
	First Sentier Investors (Australia)				205 Ordinary shares
Thursday, 17 October 2019	IM Ltd ACN 114 194 311	Sale		495.08		205
	First Sentier Investors (Australia)				2,764 Ordinary shares
Thursday, 17 October 2019	IM Ltd ACN 114 194 311	Sale		6,744.16		2,764
	First Sentier Investors (Australia)				4,861 Ordinary shares
Thursday, 17 October 2019	IM Ltd ACN 114 194 311	Sale		11,860.84		4,861
	First Sentier Investors (Australia)				2,079 Ordinary shares
Thursday, 17 October 2019	IM Ltd ACN 114 194 311	Sale		5,072.76		2,079
	First Sentier Investors (Australia)				5,990 Ordinary shares
Thursday, 17 October 2019	IM Ltd ACN 114 194 311	Sale		14,526.35		5,990
	First Sentier Investors (Australia)				8,656 Ordinary shares
Thursday, 17 October 2019	IM Ltd ACN 114 194 311	Sale		21,120.64		8,656
	First Sentier Investors (Australia)				13,621 Ordinary shares
Thursday, 17 October 2019	IM Ltd ACN 114 194 311	Sale		33,032.29		13,621