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: Z Energy Limited

Relevant event being disclosed: Movement of 1% or more in substantial holding Date of relevant event: 19 April 2022

Date this disclosure made: 21 April 2022

Date last disclosure made: 19 April 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,-

  • (a) total number held in class: 45,647,058 shares

  • (b) total in class: 518,309,402 shares

  • (c) total percentage held in class: 8.81%

For last disclosure,-

  • (a) total number held in class: 50,992,548 shares

  • (b) total in class: 518,309,402 shares

  • (c) total percentage held in class: 9.84%

Details of transactions and events giving rise to relevant event

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

Details for: UBS AG London Branch

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,-

  • (a) number held in class: 16,935,072

  • (b) percentage held in class: 3.267%

  • (c) current registered holder(s): Not applicable

  • (d) registered holder(s) once transfers are registered: UBS AG London Branch

  • (a) type of derivative: Not applicable

  • (b) details of derivative: Not applicable

  • (c) parties to the derivative: Not applicable

  • (d) 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): Prime Broker that has exercised its borrowing right in respect of shares pursuant to a Prime Broking Agreement

For that relevant interest,-

  • (a) number held in class: 5,829,595

  • (b) percentage held in class: 1.125%

  • (c) current registered holder(s): Not applicable

  • (d) registered holder(s) once transfers are registered: UBS AG London Branch

For a derivative relevant interest, also-

  • (a) type of derivative: Not applicable

  • (b) details of derivative: Not applicable

  • (c) parties to the derivative: Not applicable

  • (d) 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,-

  • (a) number held in class: 20,072,977

  • (b) percentage held in class: 3.873%

  • (c) current registered holder(s): Not applicable

  • (d) registered holder(s) once transfers are registered: UBS AG London Branch

For a derivative relevant interest, also-

  • (a) type of derivative: Swaps on Baskets

  • (b) details of derivative: 57,302 cash-settled swap on baskets (0.011% held in class)

  • (c) parties to the derivative: Please see Appendix B

  • (d) 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

  • (a) type of derivative: Swap on Indices

  • (b) details of derivative: 905 Cash-settled swap on indices (0.0002% held in class)

  • (c) parties to the derivative: Please see Appendix B

  • (d) 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 Asset Management (Australia) Ltd

Nature of relevant interest(s): Fund Manager with power to exercise control over voting shares For that relevant interest,-

  • (a) number held in class: 719,349

  • (b) percentage held in class: 0.139%

  • (c) current registered holder(s): Not applicable

  • (d) registered holder(s) once transfers are registered: UBS Asset Management (Australia) Ltd

For a derivative relevant interest, also-

  • (a) type of derivative: Not applicable

  • (b) details of derivative: Not applicable

  • (c) parties to the derivative: Not applicable

  • (d) 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 Asset Management (Deutschland) GmbH

Nature of relevant interest(s): Fund Manager with power to exercise control over voting shares For that relevant interest,-

  • (a) number held in class: 76,358

  • (b) percentage held in class: 0.015%

  • (c) current registered holder(s): Not applicable

  • (d) registered holder(s) once transfers are registered: UBS Asset Management (Deutschland) GmbH

For a derivative relevant interest, also-

  • (a) type of derivative: Not applicable

  • (b) details of derivative: Not applicable

  • (c) parties to the derivative: Not applicable

  • (d) 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 Asset Management (UK) Limited

Nature of relevant interest(s): Fund Manager with power to exercise control over voting shares For that relevant interest,-

  • (a) number held in class: 118,169

  • (b) percentage held in class: 0.023%

  • (c) current registered holder(s): Not applicable

  • (d) registered holder(s) once transfers are registered: UBS Asset Management (UK) Limited

For a derivative relevant interest, also-

  • (a) type of derivative: Not applicable

  • (b) details of derivative: Not applicable

  • (c) parties to the derivative: Not applicable

  • (d) 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 Asset Management Trust Company

Nature of relevant interest(s): Fund Manager with power to exercise control over voting shares For that relevant interest,-

  • (a) number held in class: 33,202

  • (b) percentage held in class: 0.0064%

  • (c) current registered holder(s): Not applicable

  • (d) registered holder(s) once transfers are registered: UBS Asset Management Trust Company

For a derivative relevant interest, also-

  • (a) type of derivative: Not applicable

  • (b) details of derivative: Not applicable

  • (c) parties to the derivative: Not applicable

  • (d) 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 Fund Management (Switzerland) AG

Nature of relevant interest(s): Fund Manager with power to exercise control over voting shares For that relevant interest,-

  • (a) number held in class: 261,688

  • (b) percentage held in class: 0.05%

  • (c) current registered holder(s): Not applicable

  • (d) registered holder(s) once transfers are registered: UBS Fund Management (Switzerland) AG

For a derivative relevant interest, also-

  • (a) type of derivative: Not applicable

  • (b) details of derivative: Not applicable

  • (c) parties to the derivative: Not applicable

  • (d) 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 Europe SE

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

For that relevant interest,-

  • (a) number held in class: 827,571

  • (b) percentage held in class: 0.16%

  • (c) current registered holder(s): Not applicable

  • (d) registered holder(s) once transfers are registered: UBS Europe SE

For a derivative relevant interest, also-

  • (a) type of derivative: Not applicable

  • (b) details of derivative: Not applicable

  • (c) parties to the derivative: Not applicable

  • (d) 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 Securities Australia Ltd Nature of relevant interest(s): Beneficial Owner For that relevant interest,-

  • (a) number held in class: 214,157

  • (b) percentage held in class: 0.041%

  • (c) current registered holder(s): Not applicable

  • (d) registered holder(s) once transfers are registered: UBS Securities Australia Ltd

For a derivative relevant interest, also-

  • (a) type of derivative: Not applicable

  • (b) details of derivative: Not applicable

  • (c) parties to the derivative: Not applicable

  • (d) if the substantial product holder is not a party to the derivative, the nature of the relevant interest in the derivative: Not applicable

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Z Energy Limited published this content on 21 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 April 2022 09:14:10 UTC.