Brambles : Change in substantial holding

604 page 1/2 15 July 2001

		Form 604
		Corporations Act 2001
		Section 671B
	Notice of change of interests of substantial holder
ToCompany Name/Scheme		BRAMBLES LTD
ACN/ARSN
118 896 021
1. Details of substantial holder(1)
Name		BlackRock Group (BlackRock Inc. and subsidiaries named in Annexures
ACN/ARSN (if applicable)
	to this form)

There was a change in the interests of the substantial holder on

The previous notice was given to the company on

The previous notice was dated

1. / 09 / 2020

1. / 04 / 2020

1. / 04 / 2020

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 (2) had a relevant interest (3) 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 (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
ord	108,920,943	7.15	123,490,646	8.22
ADR 2:1	3,491	0.00	0	0.00

3. 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	Person whose	Nature of	Consideration	Class and	Person's votes
change	relevant interest	change (6)	given in relation	number of	affected
	changed		to change (7)	securities
				affected
	See Annexure A & D

4. Present relevant interests

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

Holder of	Registered	Person entitled	Nature of	Class and	Person's votes
relevant	holder of	to be registered	relevant	number of
interest	securities	as holder (8)	interest (6)	securities
	See Annexure B

604 page 2/2 15 July 2001

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) 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

Annexure C

Signature

print name Haley Harris	capacity *Authorised Signatory
sign here	date	21 / 09 / 2020

• At a meeting of the Board on 22 November 2013, the Directors resolved to approve the delegation of the preparation an lodgement of substantial shareholder notices on behalf of BlackRock Investment Management (Australia) Limited.

DIRECTIONS

1. If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.
2. See the definition of "associate" in section 9 of the Corporations Act 2001.
3. See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
4. The voting shares of a company constitute one class unless divided into separate classes.
5. The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
6. Include details of:
7. 1. any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
   2. any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

1. Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, becom`e entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
2. If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

1. Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Annexure A

This is Annexure A of 88 pages referred to in form 604 Notice of change of interests of substantial shareholder

21-Sep-20

Haley Harris,		Date
Authorised Signatory
5. Consideration
		BRAMBLES LTD (BXB)
	Person whose relevant interest	Nature of change (6) /		Class and number of	Person's
Date of Change	Consideration given in relation to	CCY	votes
changed	securities affected
	change (7)			affected
02-Apr-20	BlackRock Fund Advisors	in specie	n/a	AUD	ORD	-2,030	-2,030
02-Apr-20	BlackRock Fund Advisors	in specie	n/a	AUD	ORD	6,136	6,136
02-Apr-20	BlackRock Fund Advisors	in specie	n/a	AUD	ORD	-31,192	-31,192
02-Apr-20	BlackRock Fund Advisors	in specie	n/a	AUD	ORD	-17,824	-17,824
02-Apr-20	BlackRock Fund Advisors	in specie	n/a	AUD	ORD	-35,648	-35,648
02-Apr-20	BlackRock Institutional Trust Company,	on mkt sell	11.54	AUD	ORD	-625	-625
	National Association
02-Apr-20	BlackRock Institutional Trust Company,	on mkt sell	11.54	AUD	ORD	-4,390	-4,390
	National Association
02-Apr-20	BlackRock Investment Management (UK)	on mkt buy	11.04	AUD	ORD	3,603	3,603
	Limited
02-Apr-20	BlackRock Investment Management (UK)	on mkt sell	11.54	AUD	ORD	-16,572	-16,572
	Limited
02-Apr-20	BlackRock Institutional Trust Company,	on mkt sell	11.54	AUD	ORD	-18,801	-18,801
	National Association
02-Apr-20	BlackRock Institutional Trust Company,	on mkt sell	11.54	AUD	ORD	-1,898	-1,898
	National Association
02-Apr-20	BLACKROCK ADVISORS, LLC	on mkt sell	11.54	AUD	ORD	-1,665	-1,665
02-Apr-20	BlackRock Institutional Trust Company,	on mkt sell	11.54	AUD	ORD	-39,800	-39,800
	National Association
02-Apr-20	BlackRock Institutional Trust Company,	on mkt sell	11.54	AUD	ORD	-6,443	-6,443
	National Association
02-Apr-20	BlackRock Investment Management (UK)	on mkt sell	11.54	AUD	ORD	-2,681	-2,681
	Limited
02-Apr-20	BLACKROCK FINANCIAL	on mkt sell	11.54	AUD	ORD	-2,007	-2,007
	MANAGEMENT, INC.
02-Apr-20	BlackRock Asset Management Canada	on mkt sell	11.54	AUD	ORD	-1,899	-1,899
	Limited
02-Apr-20	BlackRock Asset Management Canada	on mkt sell	11.54	AUD	ORD	-5,403	-5,403
	Limited
02-Apr-20	BlackRock Institutional Trust Company,	on mkt sell	11.54	AUD	ORD	-12,563	-12,563
	National Association
02-Apr-20	BlackRock Institutional Trust Company,	on mkt sell	11.54	AUD	ORD	-6,072	-6,072
	National Association
02-Apr-20	BlackRock Investment Management	on mkt sell	11.59	AUD	ORD	-14,968	-14,968
	(Australia) Limited
02-Apr-20	BlackRock Investment Management	on mkt sell	11.59	AUD	ORD	-2,621	-2,621
	(Australia) Limited
02-Apr-20	BlackRock Investment Management	on mkt sell	11.59	AUD	ORD	-18,839	-18,839
	(Australia) Limited
02-Apr-20	BlackRock Investment Management (UK)	on mkt buy	11.57	AUD	ORD	2,802	2,802
	Limited
02-Apr-20	BlackRock Advisors (UK) Limited	on mkt buy	11.57	AUD	ORD	385	385
02-Apr-20	BlackRock Advisors (UK) Limited	on mkt buy	11.57	AUD	ORD	592	592
02-Apr-20	BlackRock Advisors (UK) Limited	on mkt buy	11.57	AUD	ORD	1,191	1,191
02-Apr-20	BlackRock Advisors (UK) Limited	on mkt sell	11.57	AUD	ORD	-3,583	-3,583
02-Apr-20	BlackRock Investment Management, LLC	on mkt buy	11.57	AUD	ORD	2,189	2,189
02-Apr-20	BlackRock Fund Advisors	on mkt buy	11.57	AUD	ORD	19,423	19,423
02-Apr-20	BlackRock Advisors (UK) Limited	on mkt buy	11.57	AUD	ORD	2,377	2,377
02-Apr-20	BlackRock Institutional Trust Company,	on mkt sell	11.57	AUD	ORD	-4,420	-4,420
	National Association
02-Apr-20	BlackRock Investment Management	on mkt buy	11.57	AUD	ORD	13,822	13,822
	(Australia) Limited
02-Apr-20	BlackRock Japan Co., Ltd.	collateral transfer	n/a	AUD	ORD	1,495,235	1,495,235
02-Apr-20	BlackRock (Singapore) Limited	collateral transfer	n/a	AUD	ORD	9,268	9,268
02-Apr-20	BlackRock Advisors (UK) Limited	collateral transfer	n/a	AUD	ORD	-2,005,223	-2,005,223
02-Apr-20	BLACKROCK FINANCIAL	collateral transfer	n/a	AUD	ORD	13,201	13,201
	MANAGEMENT, INC.

BXB	page 1 of 88

	Person whose relevant interest	Nature of change (6) /		Class and number of	Person's
Date of Change	Consideration given in relation to	CCY	votes
changed	securities affected
	change (7)			affected
02-Apr-20	BlackRock Investment Management, LLC	collateral transfer	n/a	AUD	ORD	713	713
02-Apr-20	BlackRock Investment Management (UK)	collateral transfer	n/a	AUD	ORD	-239,308	-239,308
	Limited
02-Apr-20	BlackRock Asset Management North Asia	collateral transfer	n/a	AUD	ORD	764	764
	Limited
03-Apr-20	BlackRock Institutional Trust Company,	on mkt sell	11.30	AUD	ORD	-1,429	-1,429
	National Association
03-Apr-20	BlackRock Institutional Trust Company,	on mkt sell	11.26	AUD	ORD	-3,475	-3,475
	National Association
03-Apr-20	BlackRock Investment Management (UK)	on mkt sell	11.26	AUD	ORD	-10,609	-10,609
	Limited
03-Apr-20	BlackRock Institutional Trust Company,	on mkt sell	11.26	AUD	ORD	-23,767	-23,767
	National Association
03-Apr-20	BlackRock Institutional Trust Company,	on mkt sell	11.26	AUD	ORD	-1,785	-1,785
	National Association
03-Apr-20	BLACKROCK ADVISORS, LLC	on mkt sell	11.26	AUD	ORD	-1,435	-1,435
03-Apr-20	BlackRock Institutional Trust Company,	on mkt sell	11.26	AUD	ORD	-25,009	-25,009
	National Association
03-Apr-20	BlackRock Institutional Trust Company,	on mkt sell	11.26	AUD	ORD	-3,820	-3,820
	National Association
03-Apr-20	BlackRock Investment Management (UK)	on mkt sell	11.26	AUD	ORD	-3,577	-3,577
	Limited
03-Apr-20	BLACKROCK FINANCIAL	on mkt sell	11.26	AUD	ORD	-1,419	-1,419
	MANAGEMENT, INC.
03-Apr-20	BlackRock Asset Management Canada	on mkt sell	11.26	AUD	ORD	-1,652	-1,652
	Limited
03-Apr-20	BlackRock Asset Management Canada	on mkt sell	11.26	AUD	ORD	-3,729	-3,729
	Limited
03-Apr-20	BlackRock Investment Management, LLC	on mkt sell	11.26	AUD	ORD	-1,500	-1,500
03-Apr-20	BlackRock Institutional Trust Company,	on mkt sell	11.26	AUD	ORD	-9,271	-9,271
	National Association
03-Apr-20	BlackRock Investment Management	on mkt buy	11.25	AUD	ORD	2,991	2,991
	(Australia) Limited
03-Apr-20	BlackRock Investment Management	on mkt buy	11.25	AUD	ORD	19,734	19,734
	(Australia) Limited
03-Apr-20	BlackRock Investment Management	on mkt buy	11.25	AUD	ORD	3,588	3,588
	(Australia) Limited
03-Apr-20	BlackRock Advisors (UK) Limited	on mkt sell	11.25	AUD	ORD	-7,148	-7,148
03-Apr-20	BlackRock Advisors (UK) Limited	on mkt buy	11.25	AUD	ORD	870	870
03-Apr-20	BlackRock Advisors (UK) Limited	on mkt buy	11.25	AUD	ORD	772	772
03-Apr-20	BlackRock Advisors (UK) Limited	on mkt buy	11.25	AUD	ORD	212	212
03-Apr-20	BlackRock Advisors (UK) Limited	on mkt buy	11.25	AUD	ORD	946	946
03-Apr-20	BlackRock Advisors (UK) Limited	on mkt buy	11.25	AUD	ORD	8,323	8,323
03-Apr-20	BLACKROCK ADVISORS, LLC	on mkt buy	11.25	AUD	ORD	7,185	7,185
03-Apr-20	BlackRock Investment Management	on mkt buy	11.25	AUD	ORD	178,754	178,754
	(Australia) Limited
03-Apr-20	BlackRock Advisors (UK) Limited	on mkt buy	11.25	AUD	ORD	25,138	25,138
03-Apr-20	BlackRock Institutional Trust Company,	on mkt buy	11.25	AUD	ORD	48,250	48,250
	National Association
03-Apr-20	BlackRock Investment Management (UK)	on mkt buy	11.25	AUD	ORD	50,679	50,679
	Limited
03-Apr-20	BlackRock (Netherlands) B.V.	on mkt buy	11.25	AUD	ORD	491	491
03-Apr-20	BlackRock Fund Advisors	on mkt buy	11.25	AUD	ORD	11,800	11,800
03-Apr-20	BlackRock Japan Co., Ltd.	on mkt buy	11.25	AUD	ORD	5,341	5,341
03-Apr-20	BlackRock Institutional Trust Company,	on mkt buy	11.25	AUD	ORD	15,688	15,688
	National Association
03-Apr-20	BlackRock Institutional Trust Company,	on mkt buy	11.25	AUD	ORD	5,670	5,670
	National Association
03-Apr-20	BlackRock (Netherlands) B.V.	on mkt buy	11.25	AUD	ORD	19,829	19,829
03-Apr-20	BlackRock Asset Management Canada	on mkt buy	11.25	AUD	ORD	4,992	4,992
	Limited
03-Apr-20	BlackRock Fund Advisors	in specie	n/a	AUD	ORD	-722	-722
03-Apr-20	BlackRock Japan Co., Ltd.	collateral transfer	n/a	AUD	ORD	-1,492,471	-1,492,471
03-Apr-20	BlackRock (Singapore) Limited	collateral transfer	n/a	AUD	ORD	-4,638	-4,638
03-Apr-20	BlackRock Advisors (UK) Limited	collateral transfer	n/a	AUD	ORD	4,027,422	4,027,422
03-Apr-20	BLACKROCK FINANCIAL	collateral transfer	n/a	AUD	ORD	627	627
	MANAGEMENT, INC.
03-Apr-20	BlackRock Investment Management, LLC	collateral transfer	n/a	AUD	ORD	2,650	2,650
03-Apr-20	BlackRock Investment Management (UK)	collateral transfer	n/a	AUD	ORD	-944,971	-944,971
	Limited

BXB	page 2 of 88