Western Areas : Change in substantial holding from MUFG

For personal use only

Form604

	Form 604
	Corporations Act 2001
	Section 671B
	Notice of change of interests of substantial holder
To: Company Name/Scheme:	Western Areas Limited
ACN/ARSN	091 049 357
1. Details of substantial holder	Mitsubishi UFJ Financial Group, Inc.
Name
There was a change in the interests of the	24/02/2022
substantial holder on
The previous notice was given to the company on	28/02/2022
The previous notice was dated	28/02/2022
The holder became aware on	28/02/2022
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 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		34,401,693		10.70%	42,018,151	13.06%

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	relation to change	affected
changed		affected
See annexure A 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	Registered holder	Person entitled to be	Nature of relevant	Class and number	Person's votes
relevant
of securities	registered as holder	interest	of securities
interest
			Relevant interest in securities that First
			Sentier Investors Holdings Pty Limited
Mitsubishi UFJ Financial			has a relevant interest in under section		Fully paid
Citibank N A Hong Kong	Not applicable	608(3) of the Corporations Act as	944,063	944,063
Group, Inc.	Mitsubishi UFJ Financial Group, Inc. has	ordinary shares
			voting power of 100% in First Sentier
			Investors Holdings Pty Limited.
			Relevant interest in securities that First
			Sentier Investors Holdings Pty Limited
Mitsubishi UFJ Financial	Citicorp Nominees Pty		has a relevant interest in under section		Fully paid
Not applicable	608(3) of the Corporations Act as	812,034	812,034
Group, Inc.	Limited (Australia)	Mitsubishi UFJ Financial Group, Inc. has	ordinary shares
			voting power of 100% in First Sentier
			Investors Holdings Pty Limited.
			Relevant interest in securities that First
			Sentier Investors Holdings Pty Limited
Mitsubishi UFJ Financial	National Custodian		has a relevant interest in under section		Fully paid
Not applicable	608(3) of the Corporations Act as	326,435	326,435
Group, Inc.	Services	Mitsubishi UFJ Financial Group, Inc. has	ordinary shares
			voting power of 100% in First 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	8,448,443	8,448,443
Group, Inc.	(Australia) Limited	voting power of over 20% in Morgan	ordinary shares
			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	8,379,559	8,379,559
Group, Inc.	(Australia) Limited	voting power of over 20% in Morgan	ordinary shares
			Stanley.
			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
	Mitsubishi UFJ Financial Group, Inc. has
Securities (Nominee) Pty	Not applicable	21,715,470	21,715,470
Group, Inc.	voting power of over 20% in Morgan	ordinary shares
	Limited		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	1,449	1,449
Group, Inc.	(Australia) Limited	voting power of over 20% in Morgan	ordinary shares
			Stanley.

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Form604

			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	3,125	3,125
Group, Inc.	(Australia) Limited	voting power of over 20% in Morgan	ordinary shares
			Stanley.
			Relevant interest in securities that Morgan
			Stanley has a relevant interest in under
Mitsubishi UFJ Financial	Morgan Stanley Wealth		section 608(3) of the Corporations Act as		Fully paid
	Mitsubishi UFJ Financial Group, Inc. has		303,450
Management Australia Pty	Not applicable	303,450
Group, Inc.	voting power of over 20% in Morgan	ordinary shares
	discretionary client account		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	913,682	913,682
Group, Inc.	voting power of over 20% in Morgan	ordinary shares
			Stanley.
			Relevant interest in securities that
			Mitsubishi UFJ Kokusai Asset
Mitsubishi UFJ Financial	Mitsubishi UFJ Kokusai		Management Co., Ltd. has a relevant		Fully paid
Not applicable	interest in under section 608(3) of the
Asset Management Co.,	170,441	170,441
Group, Inc.	Ltd.		Corporations Act as Mitsubishi UFJ		ordinary shares
		Financial Group, Inc. has voting power of
			100% in Mitsubishi UFJ Kokusai Asset
			Management Co., Ltd.

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	Not applicable
6. Addresses
The addresses of persons named in this form are as follows:
Name	Address
Mitsubishi UFJ Financial Group, Inc.	2-7-1, Marunouchi, Chiyoda-ku, Tokyo 100-8330, Japan
Signature

Dated 1 March 2022

Ryuichiro Sakuma

Authorised signatory

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For personal use only

AnnexureA

Annexure A

This is annexure A of 2 pages referred to in Form 604, Notice of change of interest of substantial holder dated 1 March 2022

Ryuichiro Sakuma

Authorised signatory

Dated 1 March 2022

	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 entity controlled by
24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Morgan Stanley	36,320.70	10,842 Ordinary Shares	10,842
		Purchase of securities by an entity controlled by
24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Morgan Stanley	41,516.55	12,393 Ordinary Shares	12,393
		Purchase of securities by an entity controlled by
24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Morgan Stanley	906.50	271 Ordinary Shares	271
		Purchase of securities by an entity controlled by
24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Morgan Stanley	13,373.36	4,004 Ordinary Shares	4,004
		Purchase of securities by an entity controlled by
24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Morgan Stanley	10,663.86	3,188 Ordinary Shares	3,188
	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by		3,280 Ordinary Shares	3,280
24/02/2022	Morgan Stanley	10,971.60
		Purchase of securities by an entity controlled by
24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Morgan Stanley	4,268.52	1,278 Ordinary Shares	1,278
		Purchase of securities by an entity controlled by
24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Morgan Stanley	3,313,008.42	990,436 Ordinary Shares	990,436
		Purchase of securities by an entity controlled by
24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Morgan Stanley	4,498.98	1,347 Ordinary Shares	1,347
24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by	27,716.67	8,286 Ordinary Shares	8,286
Morgan Stanley
		Purchase of securities by an entity controlled by
24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Morgan Stanley	164,614.06	49,237 Ordinary Shares	49,237
24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by	11,245.89	3,362 Ordinary Shares	3,362
Morgan Stanley
		Purchase of securities by an entity controlled by
24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Morgan Stanley	16,639.45	4,967 Ordinary Shares	4,967
	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by
24/02/2022	Morgan Stanley	86,413.25	25,795 Ordinary Shares	25,795
		Purchase of securities by an entity controlled by
24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Morgan Stanley	450.90	135 Ordinary Shares	135
	Mitsubishi UFJ Financial Group, Inc.	Purchase of securities by an entity controlled by
24/02/2022	Morgan Stanley	17,126.40	5,120 Ordinary Shares	5,120
		Purchase of securities by an entity controlled by
24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Morgan Stanley	25,880.27	7,737 Ordinary Shares	7,737
		Purchase of securities by an entity controlled by
24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Morgan Stanley	14,927.60	4,456 Ordinary Shares	4,456
		Purchase of securities by an entity controlled by
24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Morgan Stanley	13,044.90	3,894 Ordinary Shares	3,894
		Sale of securities by an entity controlled by Morgan
24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Stanley	1,782.20	532 Ordinary Shares	532
		Sale of securities by an entity controlled by Morgan
24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Stanley	4,639.26	1,389 Ordinary Shares	1,389
24/02/2022		Sale of securities by an entity controlled by Morgan	573,486.36	171,706 Ordinary Shares	171,706
Mitsubishi UFJ Financial Group, Inc.	Stanley
		Sale of securities by an entity controlled by Morgan
24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Stanley	29,961.17	8,957 Ordinary Shares	8,957
		Sale of securities by an entity controlled by Morgan
24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Stanley	57,354.48	17,172 Ordinary Shares	17,172
		Sale of securities by an entity controlled by Morgan
24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Stanley	219,444.68	65,702 Ordinary Shares	65,702
		Sale of securities by an entity controlled by Morgan
24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Stanley	9,886.40	2,960 Ordinary Shares	2,960
		Sale of securities by an entity controlled by Morgan
24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Stanley	14,821.70	4,431 Ordinary Shares	4,431

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AnnexureA

only
		Sale of securities by an entity controlled by Morgan
	24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Stanley		8,162.96	2,444 Ordinary Shares	2,444
			Sale of securities by an entity controlled by Morgan
	24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Stanley		1,970.60	590 Ordinary Shares	590
use			Sale of securities by an entity controlled by Morgan
24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Stanley		533.60	160 Ordinary Shares	160
		Sale of securities by an entity controlled by Morgan
	24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Stanley		6,947.20	2,080 Ordinary Shares	2,080
			Sale of securities by an entity controlled by Morgan
	24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Stanley		180,924.46	54,169 Ordinary Shares	54,169
personal			Sale of securities by an entity controlled by Morgan
24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Stanley		17,411.42	5,213 Ordinary Shares	5,213
		Sale of securities by an entity controlled by Morgan
			Sale of securities by an entity controlled by Morgan
	24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Stanley		1,249.16	374 Ordinary Shares	374
			Sale of securities by an entity controlled by Morgan
	24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Stanley		67.00	20 Ordinary Shares	20
			Sale of securities by an entity controlled by Morgan
	24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Stanley		140.49	42 Ordinary Shares	42
			Sale of securities by an entity controlled by Morgan
	24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Stanley		51,917.75	15,521 Ordinary Shares	15,521
			Sale of securities by an entity controlled by Morgan
	24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Stanley		8,884.32	2,656 Ordinary Shares	2,656
For	24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Stanley		5,801.58	1,737 Ordinary Shares	1,737
		Collateral Received by an entity controlled by Morgan
	24/02/2022	Mitsubishi UFJ Financial Group, Inc.	Stanley - see Annexure B	N/A		6,834,285 Ordinary Shares	6,834,285

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AnnexureB

Annexure B

This is annexure B of 2 pages referred to in Form 604, Notice of change of interest of substantial holder dated 1 March 2022

Ryuichiro Sakuma

Authorised signatory

Dated 1 March 2022

The below schedules are based on the relevant standard agreements. The entity filing the report will, if requested by the company or responsible entity to whom the prescribed form must be given or ASIC, give a copy of the agreement to the company, responsible entity or ASIC.

Schedule

Type of Agreement	International Prime Brokerage Agreement
Parties to agreement	Morgan Stanley & Co. International plc for itself and as agent and trustee for and on behalf of the other Morgan Stanley Companies and METRICA ASIA EVENT
DRIVEN MASTER FUND
Transfer Date	20220224;
Holder of Voting Rights	Prime broker has the right to vote securities rehypothecated from the Client.
Are there any restrictions on voting rights?	Yes/No
If yes, detail Not applicable
Scheduled Return Date (if any)	Open
Does the borrower have the right to return early?	Yes/No
If yes, detail Prime broker may return shares which were rehypothecated from the client at any time.
Does the lender have the right to recall early?	Yes/No
If yes, detail Prime broker will be required to return to the client shares rehypothecated from the client's account upon a sale of those shares by the client.
Will the securities be returned on settlement?	Yes/No

If yes, detail any exceptions Upon an Event of Default, the default market value of all Equivalent Securities to be delivered will be determined and on the basis of the amounts so established, an account shall be taken of what is due from each party to the other. The amounts due from one party shall be set off against the amounts due from the other party and only the balance of the account shall be payable.

Schedule

Type of Agreement	International Prime Brokerage Agreement
Parties to agreement	Morgan Stanley & Co. International plc for itself and as agent and trustee for and on behalf of the other Morgan Stanley Companies and SAMSON ROCK
EVENT DRIVEN MASTER FUND LIMITED
Transfer Date	20220224;
Holder of Voting Rights	Prime broker has the right to vote securities rehypothecated from the Client.
Are there any restrictions on voting rights?	Yes/No
If yes, detail Not applicable
Scheduled Return Date (if any)	Open
Does the borrower have the right to return early?	Yes/No
If yes, detail Prime broker may return shares which were rehypothecated from the client at any time.
Does the lender have the right to recall early?	Yes/No
If yes, detail Prime broker will be required to return to the client shares rehypothecated from the client's account upon a sale of those shares by the client.
Will the securities be returned on settlement?	Yes/No

If yes, detail any exceptions Upon an Event of Default, the default market value of all Equivalent Securities to be delivered will be determined and on the basis of the amounts so established, an account shall be taken of what is due from each party to the other. The amounts due from one party shall be set off against the amounts due from the other party and only the balance of the account shall be payable.

Schedule

Type of Agreement	International Prime Brokerage Agreement
Parties to agreement	Morgan Stanley & Co. International plc for itself and as agent and trustee for and on behalf of the other Morgan Stanley Companies and LAKEVILLE CAPITAL
INVESTORS LIMITED
Transfer Date	20220224;
Holder of Voting Rights	Prime broker has the right to vote securities rehypothecated from the Client.
Are there any restrictions on voting rights?	Yes/No
If yes, detail Not applicable
Scheduled Return Date (if any)	Open
Does the borrower have the right to return early?	Yes/No
If yes, detail Prime broker may return shares which were rehypothecated from the client at any time.
Does the lender have the right to recall early?	Yes/No
If yes, detail Prime broker will be required to return to the client shares rehypothecated from the client's account upon a sale of those shares by the client.
Will the securities be returned on settlement?	Yes/No

If yes, detail any exceptions Upon an Event of Default, the default market value of all Equivalent Securities to be delivered will be determined and on the basis of the amounts so established, an account shall be taken of what is due from each party to the other. The amounts due from one party shall be set off against the amounts due from the other party and only the balance of the account shall be payable.

Schedule

Type of Agreement	International Prime Brokerage Agreement
Parties to agreement	Morgan Stanley & Co. International plc for itself and as agent and trustee for and on behalf of the other Morgan Stanley Companies and INTEGRATED CORE
STRATEGIES (ASIA) PTE LTD.
Transfer Date	20220224;
Holder of Voting Rights	Prime broker has the right to vote securities rehypothecated from the Client.
Are there any restrictions on voting rights?	Yes/No
If yes, detail Not applicable
Scheduled Return Date (if any)	Open
Does the borrower have the right to return early?	Yes/No
If yes, detail Prime broker may return shares which were rehypothecated from the client at any time.
Does the lender have the right to recall early?	Yes/No
If yes, detail Prime broker will be required to return to the client shares rehypothecated from the client's account upon a sale of those shares by the client.

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