Australian Pharmaceutical Industries : Change in substantial holding from MUFG

Form604

				Form 604
			Corporations Act 2001
				Section 671B
			Notice of change of interests of substantial holder
only
To: Company Name/Scheme:		Australian Pharmaceutical Industries Limited
ACN/ARSN		000 004 320
1. Details of substantial holder		Mitsubishi UFJ Financial Group, Inc.
Name
There was a change in the interests of the	30 November 2021
substantial holder on
The previous notice was given to the company on	18 November 2021
The previous notice was dated		18 November 2021
The holder became aware on		2 December 2021
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
use	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	38,360,947	7.79%		32,806,093	6.66%
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	Class and number	Person's votes
relevant interest	Nature of change	of securities
	change	changed		relation to change	affected		affected
personal
See annexure A to this notice
4.Present relevant interests			Sentier Investors Holdings Pty Limited
	Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:
	Holder of	Registered holder	Person entitled to be	Nature of relevant	Class and number
	relevant	Person's votes
	of securities	registered as holder	interest	of securities
	interest
				Relevant interest in securities that First
				Sentier Investors Holdings Pty Limited
				has a relevant interest in under section
	Mitsubishi UFJ Financial	Citibank N A Hong Kong	Not applicable	608(3) of the Corporations Act as	15,542,121	Fully paid	15,542,121
	Group, Inc.	Mitsubishi UFJ Financial Group, Inc.	ordinary shares
				has voting power of 100% in First
				Sentier Investors Holdings Pty Limited.
				Relevant interest in securities that First
				Sentier Investors Holdings Pty Limited
				has a relevant interest in under section
	Mitsubishi UFJ Financial	Citicorp Nominees Pty	Not applicable	608(3) of the Corporations Act as	59,844	Fully paid	59,844
	Group, Inc.	Limited (Australia)	Mitsubishi UFJ Financial Group, Inc.	ordinary shares
				has voting power of 100% in First
				Sentier Investors Holdings Pty Limited.
				Relevant interest in securities that First
				Sentier Investors Holdings Pty Limited
				has a relevant interest in under section
	Mitsubishi UFJ Financial	HSBC Bank Australia	Not applicable	608(3) of the Corporations Act as	2,949,209	Fully paid	2,949,209
	Mitsubishi UFJ Financial Group, Inc.
	Group, Inc.	Limited		has voting power of 100% in First		ordinary shares
				Sentier Investors Holdings Pty Limited.
				Relevant interest in securities that First
For				has a relevant interest in under section
Mitsubishi UFJ Financial	JP Morgan Chase Bank NA	Not applicable	608(3) of the Corporations Act as	0	Fully paid	0
Group, Inc.	Mitsubishi UFJ Financial Group, Inc.	ordinary shares
			has voting power of 100% in First
			Sentier Investors Holdings Pty Limited.
			Relevant interest in securities that First
			Sentier Investors Holdings Pty Limited
			has a relevant interest in under section
Mitsubishi UFJ Financial	National Custodian	Not applicable	608(3) of the Corporations Act as	3,101,239	Fully paid	3,101,239
Mitsubishi UFJ Financial Group, Inc.
Group, Inc.	Services		has voting power of 100% in First		ordinary shares
			Sentier Investors Holdings Pty Limited.
			Relevant interest in securities that Morgan
			Stanley has a relevant interest in under
Mitsubishi UFJ Financial	HSBC Custody Nominees		section 608(3) of the Corporations Act as		Fully paid
	Not applicable	Mitsubishi UFJ Financial Group, Inc. has		7,369,855
	Group, Inc.	(Australia) Limited	7,369,855 ordinary shares
	voting power of over 20% in Morgan
				Stanley.
				Relevant interest in securities that Morgan
				Stanley has a relevant interest in under
	Mitsubishi UFJ Financial	HSBC Custody Nominees		section 608(3) of the Corporations Act as		Fully paid
	Not applicable	Mitsubishi UFJ Financial Group, Inc. has		387
	Group, Inc.	(Australia) Limited	387 ordinary shares
	voting power of over 20% in Morgan
				Stanley.

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				Form604
				Relevant interest in securities that Morgan
				Stanley has a relevant interest in under
	Mitsubishi UFJ Financial	Morgan Stanley Australia		section 608(3) of the Corporations Act as		Fully paid
	Securities (Nominee) Pty	Not applicable	Mitsubishi UFJ Financial Group, Inc. has	228,473	228,473
	Group, Inc.	ordinary shares
	voting power of over 20% in Morgan
		Limited
				Stanley.
only				Relevant interest in securities that Morgan
			Stanley has a relevant interest in under
Mitsubishi UFJ Financial	Morgan Stanley Australia		section 608(3) of the Corporations Act as		Fully paid
		Stanley.
	Group, Inc.	Securities (Nominee) Pty	Not applicable	Mitsubishi UFJ Financial Group, Inc. has	2,975,881	ordinary shares	2,975,881
		Limited		voting power of over 20% in Morgan
				Stanley.
				Relevant interest in securities that Morgan
				Stanley has a relevant interest in under
	Mitsubishi UFJ Financial	HSBC Custody Nominees		section 608(3) of the Corporations Act as		Fully paid
	Group, Inc.	(Australia) Limited	Not applicable	Mitsubishi UFJ Financial Group, Inc. has	1,765	ordinary shares	1,765
	voting power of over 20% in Morgan
				Stanley.
				Relevant interest in securities that Morgan
				Stanley has a relevant interest in under
	Mitsubishi UFJ Financial			section 608(3) of the Corporations Act as		Fully paid
	Unknown	Not applicable	Mitsubishi UFJ Financial Group, Inc. has	577,319	577,319
	Group, Inc.	ordinary shares
	voting power of over 20% in Morgan
use
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
	Not applicable
	6. Addresses
	The addresses of persons named in this form are as follows:
	Name			Address
personalFor
Mitsubishi UFJ Financial Group, Inc.		2-7-1, Marunouchi, Chiyoda-ku, Tokyo 100-8330, Japan
Signature

Dated 3 December 2021

Authorised signatory

Page 2

For personal use only

AnnexureA

Annexure A

This is annexure A of 6 pages referred to in Form 604, Notice of change of interest of substantial holder dated 3 December 2021

	Authorised signatory	Dated 3 December 2021
	Person whose relevant interest		Consideration given in	Class and number of	Person's
		votes
Date of change	changed	Nature of change	relation to change	securities affected	affected
		Purchase of securities by an
16/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	53.03	35	Ordinary Shares	35
		Stanley
		Purchase of securities by an
16/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	646.46	426	Ordinary Shares	426
		Stanley
		Purchase of securities by an
16/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	14,348.02	9,502	Ordinary Shares	9,502
		Stanley
		Purchase of securities by an
16/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	2,355.83	1,555	Ordinary Shares	1,555
		Stanley
16/11/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity	3,749.33	2,483	Ordinary Shares	2,483
controlled by Morgan Stanley
16/11/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity	2,636.46	1,746	Ordinary Shares	1,746
controlled by Morgan Stanley
16/11/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity	3.02	2	Ordinary Shares	2
controlled by Morgan Stanley
16/11/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity	269.23	178	Ordinary Shares	178
controlled by Morgan Stanley
16/11/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity	1,365.02	901	Ordinary Shares	901
controlled by Morgan Stanley
		Borrow Returned by an entity
16/11/2021	Mitsubishi UFJ Financial Group, Inc.	controlled by Morgan Stanley -	N/A	1,268	Ordinary Shares	1,268
		see Annexure B
		Collateral Returned by an
16/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	N/A	685,720	Ordinary Shares	685,720
		Stanley - see Annexure B
		Purchase of securities by an
17/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	237.46	157	Ordinary Shares	157
		Stanley
		Purchase of securities by an
17/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	3,500.18	2,318	Ordinary Shares	2,318
		Stanley
17/11/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity	169.12	112	Ordinary Shares	112
controlled by Morgan Stanley
		Purchase of securities by an
17/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	1,175.64	776	Ordinary Shares	776
		Stanley
		Purchase of securities by an
17/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	104.54	69	Ordinary Shares	69
		Stanley

Page 3

			AnnexureA
			Purchase of securities by an
	17/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	365.12	241	Ordinary Shares	241
			Stanley
only			Purchase of securities by an
17/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	1,239.71	821	Ordinary Shares	821
		Stanley
		Borrow Returned by an entity
	17/11/2021	Mitsubishi UFJ Financial Group, Inc.	controlled by Morgan Stanley -	N/A	2,196	Ordinary Shares	2,196
			see Annexure B
			Collateral Received by an
	17/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	N/A	1,344,707	Ordinary Shares	1,344,707
			Stanley - see Annexure B
			Purchase of securities by an
	18/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	4,495.27	2,977	Ordinary Shares	2,977
			Stanley
use
18/11/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity	52.94	35	Ordinary Shares	35
controlled by Morgan Stanley
	18/11/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity	24,147.92	15,992	Ordinary Shares	15,992
	controlled by Morgan Stanley
			Purchase of securities by an
	18/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	6,203.93	4,095	Ordinary Shares	4,095
			Stanley
personal			Purchase of securities by an
18/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	1,499.85	990	Ordinary Shares	990
		Stanley
		Sale of securities by an entity
			Borrow Returned by an entity
	18/11/2021	Mitsubishi UFJ Financial Group, Inc.	controlled by Morgan Stanley -	N/A	544	Ordinary Shares	544
			see Annexure B
	19/11/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity	453.00	300	Ordinary Shares	300
			controlled by Morgan Stanley
			Purchase of securities by an
	19/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	5,288.87	3,491	Ordinary Shares	3,491
			Stanley
	19/11/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity	8,529.99	5,649	Ordinary Shares	5,649
	controlled by Morgan Stanley
	19/11/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity	73,302.95	48,545	Ordinary Shares	48,545
	controlled by Morgan Stanley
			Purchase of securities by an
	19/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	3,177.04	2,104	Ordinary Shares	2,104
			Stanley
For	19/11/2021	Mitsubishi UFJ Financial Group, Inc.	controlled by Morgan Stanley	2,225.74	1,474	Ordinary Shares	1,474
19/11/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity	42,655.99	28,249	Ordinary Shares	28,249
controlled by Morgan Stanley
19/11/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity	1,239.71	821	Ordinary Shares	821
controlled by Morgan Stanley
19/11/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity	20,252.12	13,412	Ordinary Shares	13,412
			controlled by Morgan Stanley
			Purchase of securities by an
	19/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	6,903.72	4,572	Ordinary Shares	4,572
			Stanley
	19/11/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity	1,863.40	1,232	Ordinary Shares	1,232
	controlled by Morgan Stanley

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			AnnexureA
			Purchase of securities by an
	19/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	1,616.51	1,067	Ordinary Shares	1,067
			Stanley
only			Purchase of securities by an
19/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	1.52	1 Ordinary Share	1
		Stanley
		Collateral Returned by an
	19/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	N/A	163,721	Ordinary Shares	163,721
			Stanley - see Annexure B
			Sale of securities by an entity		113,058 Fully Paid ordinary
	22/11/2021	Mitsubishi UFJ Financial Group, Inc.	controlled by First Sentier	170,740.19	113,058
		shares
			Investors Holdings Pty Ltd
			Purchase of securities by an
	22/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	1,294.43	853	Ordinary Shares	853
			Stanley
use
		Purchase of securities by an
22/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	1,548.33	1,022	Ordinary Shares	1,022
		Stanley
	22/11/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity	2,043.39	1,351	Ordinary Shares	1,351
	controlled by Morgan Stanley
			Purchase of securities by an
	22/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	22,608.48	14,874	Ordinary Shares	14,874
			Stanley
personal	22/11/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity	784.99	519	Ordinary Shares	519
controlled by Morgan Stanley
		Sale of securities by an entity
	22/11/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity	3,357.75	2,220	Ordinary Shares	2,220
			controlled by Morgan Stanley
	22/11/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity	3,073.40	2,032	Ordinary Shares	2,032
			controlled by Morgan Stanley
			Purchase of securities by an
	22/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	87.87	58	Ordinary Shares	58
			Stanley
			Purchase of securities by an
	22/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	24,729.35	16,323	Ordinary Shares	16,323
			Stanley
	22/11/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity	30,696.79	20,329	Ordinary Shares	20,329
	controlled by Morgan Stanley
	22/11/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity	6.06	4	Ordinary Shares	4
	controlled by Morgan Stanley
For	22/11/2021	Mitsubishi UFJ Financial Group, Inc.	controlled by Morgan Stanley	3,681.38	2,438	Ordinary Shares	2,438
22/11/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity	5,275.94	3,494	Ordinary Shares	3,494
controlled by Morgan Stanley
22/11/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity	10,973.17	7,267	Ordinary Shares	7,267
controlled by Morgan Stanley
22/11/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity	25,549.20	16,920	Ordinary Shares	16,920
			controlled by Morgan Stanley
	22/11/2021	Mitsubishi UFJ Financial Group, Inc.	Sale of securities by an entity	1,001.42	661	Ordinary Shares	661
	controlled by Morgan Stanley
			Purchase of securities by an
	22/11/2021	Mitsubishi UFJ Financial Group, Inc.	entity controlled by Morgan	25,929.23	17,115	Ordinary Shares	17,115
			Stanley

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