Fleetwood : Change in substantial holding

Form 604
Corporations Act 2001
Section 671B
Notice of change of interests of substantial holder
To Company Name/Scheme	Fleetwood Ltd
ACN/ARSN	009 205 261
1. Details of substantial holder (1)
Name	First Sentier Investors Holdings Pty Limited ACN 630 725 558 and its related bodies corporate listed in annexure A
ACN/ARSN (if applicable)	630 725 558
There was a change in the interests of the	04/04/2022
substantial holder on
The previous notice was given to the company on	14/05/2021
The previous notice was dated	11/05/2021
2. Previous and present voting power

Class of securities (4)	Previous notice	Present notice
Person's votes	Voting power (5)	Person's votes	Voting power (5)
Fully Paid ordinary shares	6,768,156	7.14%	5,526,515	5.87%

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:

*Note these securities are comprised of 4,982,931 shares in which First Sentier Investors Holdings Pty Limited and its subsidiaries have voting power and 543,584 securities in which First Sentier Investors Holdings Pty Limited's ultimate parent, Mitsubishi UFJ Financial Group, Inc. on and from 4 April 2022, has informed it that it has voting power prior to the date of this notice.

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 change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
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:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
First Sentier Investors Realindex Pty Ltd ACN 133 312 017	Citibank N A Hong Kong	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.	136,500 Fully Paid ordinary shares	136,500
First Sentier Investors Realindex Pty Ltd ACN 133 312 017	JPMorgan (UK)	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.	79,546 Fully Paid ordinary shares	79,546
First Sentier Investors Realindex Pty Ltd ACN 133 312 017	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.	39,899 Fully Paid ordinary shares	39,899
First Sentier Investors (Australia) IM Ltd ACN 114 194 311	Citicorp Nominees Pty Limited (Australia)	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.	4,726,986 Fully Paid ordinary shares	4,726,986
Mitsubishi UFJ Financial Group	Mitsubishi UFJ Financial Group	Mitsubishi UFJ Financial Group Inc. (MUFG) owns 100% of First Sentier Investors Holdings Pty Limited (indirectly) and has informed First Sentier Investors Holdings Pty Limited that it has a relevant interest in the shares noted in this column. Accordingly, First Sentier Investors Holdings Pty Limited 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.	Fully Paid ordinary 543,584 shares	543,584

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
First Sentier Investors Realindex Pty Ltd ACN 133 312 017	Level 5, Tower Three International Towers Sydney, 300 Barangaroo Avenue, Barangaroo NSW 2000, Australia
First Sentier Investors (Australia) IM Ltd ACN 114 194 311	Level 5, Tower Three International Towers Sydney, 300 Barangaroo Avenue, Barangaroo NSW 2000, Australia
Mitsubishi UFJ Financial Group	2-7-1, Marunouchi, Chiyoda-ku, Tokyo 100-8330, Japan

Signature

print name

Poh Wan Lee

capacity Company Secretary

sign here

date

06/04/2022

Annexure A

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

04/04/2022

SCHEDULE

First Sentier Investors (Malta) Limited (Company Code C41267)

Dated the 06/04/2022

First Sentier Investors (Malta) Holdings Limited (Company Code C41260)

CFSIM (Company No. 00153197)

First Sentier Investors (Luxembourg) EDIF II GP S.Á.R.L (Company No. B204413)

First Sentier Investors (Australia) Services Pty Limited (ACN 624 305 595)

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

First Sentier Investors (Australia) Infrastructure Holdings Ltd (ACN 085 313 926)

First Sentier Investors (Australia) Infrastructure Managers Pty Ltd (ACN 101 384 294)

First Sentier Investors Strategic Investments Pty Limited (ACN 625 765 399)

First Sentier Investors (Australia) RE Ltd (ACN 006 464 428)

First Sentier Investors Asia Holdings Limited (ACN 054 571 701)

First Sentier Investors Realindex Pty Ltd (ACN 133 312 017)

First Sentier Investors (Luxembourg) EDIF I Feeders MC S.A.R.L (Company No. B134314)

First Sentier Infrastructure Managers (International) Limited (Company No. 298444)

First Sentier Investors (UK) IM Limited (Company No. SC047708)

First Sentier Investors (UK) Services Limited (Company No. 03904320)

First Sentier Investors (Hong Kong) Limited (CR No. 0206616)

First Sentier Investors (Ireland) Limited (Company No. 629188)

First Sentier Investors (Japan) Limited (Company No. 0104-01-093090)

First Sentier Investors (Singapore) (COMPANY NO. 196900420D)

First Sentier Investors Europe Holdings Limited (Company No. 03904310)

First Sentier Investors (UK) Funds Limited (Company No. 02294743)

First Sentier Investors (US) LLC (File Number 546 9442)

First Sentier Investors (Luxembourg) EDIF I MC S.A.R.L (Company No. B128117)

First Sentier Investors (Singapore) Holdings Limited (Registration No. 199901706Z)

First Sentier Investors International IM Limited (Company No. SC079063)

First Sentier Investors (Hong Kong) Nominees Limited (CR NO. 0206615)

FSIB LTD (Registration No. 26193)

Mitsubishi UFJ Financial Group, Inc (Registration No. 0100-01-073486)

Mitsubishi UFJ Trust and Banking Corporation (Registration No. 0100-01-008770)

SI Holdings Limited (Company No. SC109439)

First Sentier Investors (Hong Kong) AMC Limited (CR NO. 0580652)

Annexure B

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

04/04/2022

Date of change	Person whose relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of securities affected	Person's votes affected
17/06/2021	First Sentier Investors Realindex Pty Ltd ACN 133 312 017	Purchase	14,154.24	6,146	Fully Paid ordinary shares	6,146
18/06/2021	First Sentier Investors Realindex Pty Ltd ACN 133 312 017	Purchase	14,484.84	6,353	Fully Paid ordinary shares	6,353
23/06/2021	First Sentier Investors Realindex Pty Ltd ACN 133 312 017	Sale	46,533.92	20,775	Fully Paid ordinary shares	20,775
24/06/2021	First Sentier Investors Realindex Pty Ltd ACN 133 312 017	Sale	95,580.01	42,337	Fully Paid ordinary shares	42,337
25/06/2021	First Sentier Investors Realindex Pty Ltd ACN 133 312 017	Sale	81,142.40	35,535	Fully Paid ordinary shares	35,535
28/06/2021	First Sentier Investors Realindex Pty Ltd ACN 133 312 017	Sale	139,394.22	61,865	Fully Paid ordinary shares	61,865
29/06/2021	First Sentier Investors (Australia) IM Ltd ACN 114 194 311	Sale	61,628.57	27,136	Fully Paid ordinary shares	27,136
30/06/2021	First Sentier Investors (Australia) IM Ltd ACN 114 194 311	Sale	35,086.50	15,594	Fully Paid ordinary shares	15,594
11/08/2021	First Sentier Investors Realindex Pty Ltd ACN 133 312 017	Purchase	49,681.38	18,221	Fully Paid ordinary shares	18,221
16/08/2021	First Sentier Investors (Australia) IM Ltd ACN 114 194 311	Purchase	110,344.00	40,000	Fully Paid ordinary shares	40,000
17/08/2021	First Sentier Investors (Australia) IM Ltd ACN 114 194 311	Purchase	102,842.35	37,150	Fully Paid ordinary shares	37,150
18/08/2021	First Sentier Investors (Australia) IM Ltd ACN 114 194 311	Purchase	106,981.86	38,962	Fully Paid ordinary shares	38,962
19/08/2021	First Sentier Investors (Australia) IM Ltd ACN 114 194 311	Purchase	53,172.28	19,341	Fully Paid ordinary shares	19,341
20/08/2021	First Sentier Investors Realindex Pty Ltd ACN 133 312 017	Purchase	37,346.14	13,904	Fully Paid ordinary shares	13,904
20/08/2021	First Sentier Investors (Australia) IM Ltd ACN 114 194 311	Purchase	64,004.56	23,631	Fully Paid ordinary shares	23,631
23/08/2021	First Sentier Investors (Australia) IM Ltd ACN 114 194 311	Purchase	105,036.11	38,713	Fully Paid ordinary shares	38,713
23/08/2021	First Sentier Investors Realindex Pty Ltd ACN 133 312 017	Purchase	32,829.97	12,105	Fully Paid ordinary shares	12,105
24/08/2021	First Sentier Investors Realindex Pty Ltd ACN 133 312 017	Purchase	1,165.71	427	Fully Paid ordinary shares	427
24/08/2021	First Sentier Investors (Australia) IM Ltd ACN 114 194 311	Purchase	409,471.73	152,203	Fully Paid ordinary shares	152,203
06/09/2021	First Sentier Investors Realindex Pty Ltd ACN 133 312 017	Purchase	67,557.25	27,624	Fully Paid ordinary shares	27,624
08/09/2021	First Sentier Investors Realindex Pty Ltd ACN 133 312 017	Purchase	95,494.79	39,508	Fully Paid ordinary shares	39,508
09/09/2021	First Sentier Investors Realindex Pty Ltd ACN 133 312 017	Purchase	62,045.62	26,097	Fully Paid ordinary shares	26,097
24/09/2021	First Sentier Investors (Australia) IM Ltd ACN 114 194 311	Purchase	66,129.05	29,580	Fully Paid ordinary shares	29,580
27/09/2021	First Sentier Investors (Australia) IM Ltd ACN 114 194 311	Purchase	233,060.00	100,000	Fully Paid ordinary shares	100,000
28/09/2021	First Sentier Investors (Australia) IM Ltd ACN 114 194 311	Purchase	235,320.00	100,000	Fully Paid ordinary shares	100,000

Dated the 06/04/2022