NZME : Change in Substantial Holding from UBS Group AG

For personal use only

Disclosure of movement of 1% or more in substantial holding or change in nature of

relevant interest, or both

Sections 277 and 278, Financial Markets Conduct Act 2013

To: NZX Limited and

To: NZME Limited

Relevant event being disclosed: Movement of 1% or more in substantial holding

Date of relevant event: 24 February 2022

Date this disclosure made: 28 February 2022

Date last disclosure made: 03 January 2022

Substantial product holder(s) giving disclosure

Full name(s): UBS Group AG and its related bodies corporate

Summary of substantial holding

Class of quoted voting products: Ordinary shares

Summary for: UBS Group AG and its related bodies corporate

For this disclosure,-

1. total number held in class: 24,322,956 shares
2. total in class: 197,570,061 shares
3. total percentage held in class: 12.31%

For last disclosure,-

1. total number held in class: 21,942,512 shares
2. total in class: 197,570,061 shares
3. total percentage held in class: 11.11%

Details of transactions and events giving rise to relevant event

Details of the transactions or other events requiring disclosure: Please see Appendix B.

Details for: UBS AG London Branch

Nature of relevant interest(s): Power to control disposal over shares pursuant to stock borrowing and lending activities

For that relevant interest,-

1. number held in class: 105
2. percentage held in class: 0.0001%
3. current registered holder(s): Not applicable
4. registered holder(s) once transfers are registered: UBS AG London Branch

For personal use only

For a derivative relevant interest, also-

1. type of derivative: Not applicable
2. details of derivative: Not applicable
3. parties to the derivative: Not applicable
4. if the substantial product holder is not a party to the derivative, the nature of the relevant interest in the derivative: Not applicable

Details for: UBS AG London Branch

Nature of relevant interest(s): Beneficial Owner

For that relevant interest,-

1. number held in class: Not applicable
2. percentage held in class: Not applicable
3. current registered holder(s): Not applicable
4. registered holder(s) once transfers are registered: Not applicable

For a derivative relevant interest, also-

1. type of derivative: Swaps on Baskets
2. details of derivative: 8,716 Cash-settled Swaps on Baskets (0.004 % held in class)
3. parties to the derivative: Please see Appendix A
4. if the substantial product holder is not a party to the derivative, the nature of the relevant interest in the derivative: UBS AG London Branch

Details for: UBS Securities Australia Ltd

Nature of relevant interest(s): Beneficial Owner

For that relevant interest,-

1. number held in class: 13,955,869
2. percentage held in class: 7.064%
3. current registered holder(s): Not applicable
4. registered holder(s) once transfers are registered: UBS Securities Australia Ltd

For a derivative relevant interest, also-

1. type of derivative: Not applicable
2. details of derivative: Not applicable
3. parties to the derivative: Not applicable
4. if the substantial product holder is not a party to the derivative, the nature of the relevant interest in the derivative: Not applicable

For personal use only

Details for: UBS Securities LLC

Nature of relevant interest(s): Prime Broker that has the right to exercise its borrowing right in respect of shares pursuant to a Prime Broking Agreement

For that relevant interest,-

1. number held in class: 10,358,266
2. percentage held in class: 5.243%
3. current registered holder(s): Not applicable
4. registered holder(s) once transfers are registered: UBS Securities LLC

For a derivative relevant interest, also-

1. type of derivative: Not applicable
2. details of derivative: Not applicable
3. parties to the derivative: Not applicable
4. if the substantial product holder is not a party to the derivative, the nature of the relevant interest in the derivative: Not applicable

Details of transactions and events giving rise to substantial holding

Details of the transactions or other events requiring disclosure: Please see Appendix B.

Additional information

Address(es) of substantial product holder(s):

Name	Addresses
UBS AG London Branch	5 Broadgate, London, United Kingdom
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
Contact details: Andrew Costley
Tel: [phone]
Email:[e-mail]

Nature of connection between substantial product holders:

UBS AG London Branch : Related body corporate

UBS Securities Australia Ltd: Related body corporate

UBS Securities LLC: Related body corporate

Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: Not applicable

For personal use only

Certification

We, certify that, to the best of our knowledge and belief, the information contained in this disclosure is correct and that we are duly authorised to make this disclosure by all persons for whom it is made.

SIGNATURE

Print Name: Andrew Costley

Capacity: Authorised signatory

Sign Here:

Date: 28 February 2022

Print Name: Florian Naef

Capacity: Authorised signatory

Sign Here:	Date: 28 February 2022

Appendix A - For a derivative relevant interest

							Details of Derivative (B)
onlyusepersonalr	Details for	Type of Derivative (A)	Notional value	Currency	Settlement Type	Expiry date		Prices Specified in the terms	Parties to the Derivative (C)
		of the Derivative
					of Derivative (B)		of the derivative (if any)
UBS AG London Branch	Swaps on Baskets	82	AUD	Cash	14 November 2022		1.1600	Not Applicable
	UBS AG London Branch	Swaps on Baskets	10,761	AUD	Cash	31 July 2024		1.2448	Not Applicable