Flight Centre Travel : Change in substantial holding

				Form 604
				Corporations Law
only			Section 671B
	Notice of change of interests of substantial holder
		To: Company Name/Scheme FLIGHT CENTRE TRAVEL GROUP LIMITED
		ACN/ARSN		003 377 188
	1. Details of substantial holder
use	Name		UBS Group AG and its related bodies corporate
		ACN/ARSN (if applicable):
		There was a change in the interests of the substantial holder on	01 June 2022
personal	The previous notice was given to the company on	02 March 2022
	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	Previous Notice		Present Notice
securities (4)
	Person's Votes	Voting Power (5)	Person's Votes		Voting Power (5)
Ordinary	10,915,907	5.47%	13,587,982		6.80%

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:

For		Date of	Person whose	Nature of Change (6)	Consideration	Class and	Person's
	change	relevant interest		given in	Number of	votes
			changed		relation to	securities	affected
					change (7)	affected
		Please see Appendix C.
	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	Registered	Person entitled to be	Nature of relevant interest	Class and	Person's
holder of	number of
interest	registered holder (8)	(6)	votes
securities	securities
UBS Asset	Various	UBS Asset	Fund Manager with power to	47,444	47,444
Management (UK)	Custodians	Management (UK)	exercise control over voting	Ordinary
Limited		Limited	shares
UBS Fund	Various	UBS Fund	Fund Manager with power to	14,243	14,243
Management	Custodians	Management	exercise control over voting	Ordinary
(Luxembourg) S.A.		(Luxembourg) S.A.	shares

UBS Fund

Management

(Switzerland) AG

UBS Securities

Australia Ltd

onlyUBS Asset Management

(Americas) Inc

UBS Asset

Management

(Australia) Ltd

UBS Asset

useManagement (Deutschland) GmbH

UBS Asset

Management Trust

Company

UBS Asset

Management Life

Limited

UBS Asset

personalManagement Switzerland AG

UBS Securities LLC

UBS Switzerland AG

UBS Europe SE

UBS AG London

Branch

For

Various	UBS Fund	Fund Manager with power to	96,286	96,286
Custodians	Management	exercise control over voting	Ordinary
	(Switzerland) AG	shares
Warbont	UBS Securities	Power to control disposal	9,323,102	9,323,102
Nominees Pty	Australia Ltd	over shares pursuant to	Ordinary
Ltd		stock borrowing and lending
		activities
N/A	UBS Securities	Beneficial Owner	181,000	181,000
	Australia Ltd		Options
Various	UBS Asset	Fund Manager with power to	2,127	2,127
Custodians	Management	exercise control over voting	Ordinary
	(Americas) Inc	shares
Various	UBS Asset	Fund Manager with power to	1,006,132	1,006,132
Custodians	Management	exercise control over voting	Ordinary
	(Australia) Ltd	shares
Various	UBS Asset	Fund Manager with power to	7,256	7,256
Custodians	Management	exercise control over voting	Ordinary
	(Deutschland) GmbH	shares
Various	UBS Asset	Fund Manager with power to	14,435	14,435
Custodians	Management Trust	exercise control over voting	Ordinary
	Company	shares
Various	UBS Asset	Fund Manager with power to	21,979	21,979
Custodians	Management Life	exercise control over voting	Ordinary
	Limited	shares
Various	UBS Asset	Fund Manager with power to	7,146	7,146
Custodians	Management	exercise control over voting	Ordinary
	Switzerland AG	shares
Various	UBS Securities LLC	Power to control disposal	31,215	31,215
Custodians		over shares pursuant to	Ordinary
		stock borrowing and lending
		activities
Various	UBS Switzerland AG	Power to control disposal	500	500
Custodians		over shares pursuant to	Ordinary
		stock borrowing and lending
		activities
Various	UBS Switzerland AG	Broker has the right to use	1,500	1,500
Custodians		over this position under a	Ordinary
		Securities Lending
		agreement
	UBS Europe SE	Power to control disposal	1,051,795	1,051,795
		over shares pursuant to	Ordinary
		stock borrowing and lending
		activities
Citicorp	UBS AG London	Prime Broker that has	24,549	24,549
Nominees Pty	Branch	exercised its borrowing right	Ordinary
Ltd		in respect of shares pursuant
		to a Prime Broking
		Agreement
Various	UBS AG London	Power to control disposal	1,748,551	1,748,551
Custodians	Branch	over shares pursuant to	Ordinary
		stock borrowing and lending
		activities
Various	UBS AG London	Beneficial Owner	8,722	8,722
Custodians	Branch		Ordinary

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
N/A	N/A

6. Addresses

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

	Name and ACN/ ARSN (if applicable)	Nature of association
only
UBS Asset Management (Australia) Ltd	Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
UBS AG London Branch	5 Broadgate, London, United Kingdom
	UBS Asset Management (Americas) Inc	Corporation Service Company, 251 Little Falls Drive, Wilmington,
		Delaware, USA
	UBS Asset Management (Deutschland) GmbH
		Bockenheimer Landstrasse 2-4, Frankfurt am Main, Germany
	UBS Asset Management Switzerland AG
		Bahnhofstrasse 45, Zürich, Switzerland
use
UBS Europe SE	Bockenheimer Landstrasse 2-4 OpernTurm, Frankfurt am Main
Germany
UBS Asset Management Trust Company	Illinois Corporation Service Company 801 Adlai Stevenson Drive,
		Springfield, IL, USA
	UBS Asset Management (UK) Limited	5 Broadgate, London, United Kingdom
	UBS Asset Management Life Limited	5 Broadgate, London, United Kingdom
	UBS Fund Management (Luxembourg) S.A.	33A avenue J.F. Kennedy, Luxembourg
	UBS Fund Management (Switzerland) AG	Aeschenplatz 6, Basel, Switzerland
	UBS Securities Australia Ltd	Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
	UBS Securities LLC	Corporation Service Company 251 Little Falls Drive, Wilmington,
		Delaware, USA
	Warbont Nominees Pty Ltd	Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
	UBS Switzerland AG	Bahnhofstrasse 45, Zürich, Switzerland

personal
	SIGNATURE
			Print Name:	Andrew Costley	Capacity:	Authorised signatory
			Sign Here:		Date:	03 June 2022
For
Print Name:	Florian Naef	Capacity:	Authorised signatory
Sign Here:		Date:	03 June 2022

Contact details for this notice:

--------------------------------------------------------------

Andrew Costley

Group Compliance, Regulatory & Governance

(T) [phone]

---------------------------------------------------------

Appendix A

	Holder of relevant interest		UBS AG, London Branch		UBS AG, London Branch		UBS Securities Australia Ltd
	Type of agreement		Securities Lending Agreement		Prime Brokerage Agreement		Securities Lending Agreement
	Parties to agreement		(i) UBS AG, London Branch ("UBS AG		(i) UBS AG, London Branch ("UBS AG")		(i) UBS AG, Australia Branch ("UBS
	only		")				AG")/ UBS Securities Australia
				(ii) Client (Please refer to Appendix A-		Limited
			(ii) Client (Please refer to Appendix A-		1(a).)
			1(a).)				(ii) Client (Please refer to Appendix
							A-1(a).)
	Tra sfer date		Please refer to Appendix A-1(a).		Please refer to Appendix A-1(a).		Please refer to Appendix A-1(a).
	H lder of voting rights		UBS AG		UBS AG		UBS AG/ UBS Securities Australia
							Limited
	use		Please refer to the details below.		No.		Please refer to the details below.
	Are th re any restrictions on voting
	rights?
	If ye , detail		Since all right and title in the securities		N/A		Since all right and title in the
			passes to the transferee (i.e. UBS AG),				securities passes to the transferee
			the transferee has the right to vote.				(i.e. UBS AG/ UBS Securities
			However, in certain circumstances,				Australia Limited), the transferee
	personal		the transferee may seek to arrange				has the right to vote. However, in
		for voting rights to be exercised in				certain circumstances, the
			accordance with the instructions of				transferee may seek to arrange for
			the transferor (i.e. Client).				voting rights to be exercised in
							accordance with the instructions of
							the transferor (i.e. Client).
	Scheduled return date (if any)		None.		None.		None, subject to the terms of the
							relevant loan.
	Does the borrower have the right to		Yes.		Yes.		Yes.
	return early?
	If yes, detail		The borrower (i.e. UBS AG) has the		The borrower (i.e. UBS AG) has the		The borrower (i.e. UBS AG/ UBS
			right to return at its discretion		right to return at its discretion.		Securities Australia Limited) has the
			subject to the terms of the relevant				right to return at its discretion.
			loan.
	Does the lender have the right to		Yes.		Yes.		Yes.
	recall early?
For		The lender (i.e. Client) can recall at its		The lender (i.e. Client) can recall at its		The lender (i.e. Client) can recall at
	If yes, detail
			request subject to compliance with		request subject to compliance with		its request subject to compliance
			margin requirements and the terms of		margin requirements and the terms of		with margin requirements and the
			the relevant loan.		the relevant loan.		terms of the relevant loan.
	Will the securities be returned on		Yes.		Yes.		Yes.
	settlement?
	If yes, detail any exceptions		None.		None.		None.

The information in this appendix is based on the relevant standard UBS agreement.

A copy of the agreement is available to the company, or responsible entity to whom the prescribed form must be given, or to ASIC, upon request.

Appendix A

	Holder of relevant interest		UBS Securities LLC
	Type of agreement		Securities Lending Agreement
	Parties to agreement		(i) UBS Securities LLC ("UBS Sec LLC")
	only		(ii) Client (Please refer to Appendix A-1(a).)
	Transfer date		Please refer to Appendix A-1(a).
	Holder of voting rights		UBS Sec LLC
	Are there any restrictions on voting		No.
	rights?
	If y s, detail		N/A
	use
Sched led return date (if any)		None unless agreed to by the parties.
	Does the borrower have the right to		Yes. Either party can terminate the loan upon notice unless
	personalFor		otherwise agreed.
	return early?
	If yes, detail		The borrower (i.e. UBS Sec LLC) has the right to return at its
			discretion.
	Does the lender have the right to recall		Yes. Either party can terminate the loan upon notice unless
	early?		otherwise agreed.
	If ye , detail		The lender has the right to return at its discretion.
	Will the securities be returned on		Yes (equivalent securities).
	s ttl ment?
	If yes, detail any exceptions		None.

The information in this appendix is based on the relevant standard UBS agreement.

A copy of the agreement is available to the company, or responsible entity to whom the prescribed form must be given, or to ASIC, upon request.