Z Energy : ZEL) ceasing to have a substantial holding

For personal use only

Disclosure of ceasing to have substantial holding

Section 279, Financial Markets Conduct Act 2013

To NZX Limited and

To Z Energy Ltd

Date this disclosure made: 6 January, 2022

Date last disclosure made: 5 January, 2022

Date on which substantial holding ceased: 3 January, 2022

Substantial product holder(s) giving disclosure

Full name(s): Mitsubishi UFJ Financial Group, Inc., First Sentier Investors Realindex Pty Ltd, First Sentier Investors (Australia) IM Ltd.

Summary of previous substantial holding

Class of quoted voting products: Ordinary Shares (security code: NZZELE0001S1)

Summary for Mitsubishi UFJ Financial Group, Inc., First Sentier Investors Realindex Pty Ltd, First Sentier Investors (Australia) IM Ltd.

For last disclosure,-

1. total number held in class: 27,157,089
2. total in class: 520,136,969
3. total percentage held in class: 5.221%

For current holding after ceasing to have substantial holding,-

1. total number held in class: 24,636,752
2. total in class: 520,136,969
3. total percentage held in class: 4.737%

Details of transactions and events giving rise to ceasing of substantial holding Details of the transactions or other events requiring disclosure:

For transaction details relating to subsidiaries of Mitsubishi UFJ Financial Group, Inc. see Annexure A.

For transaction details relating to the Morgan Stanley group see Annexure C.

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For personal use only

Additional information

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

Mitsubishi UFJ Financial Group, Inc. - 2-7-1, Marunouchi, Chiyoda-ku, Tokyo 100-8330, Japan

First Sentier Investors Realindex Pty Ltd - Level 5, Tower Three International Towers Sydney, 300 Barangaroo Avenue, Barangaroo NSW 2000, Australia

First Sentier Investors (Australia) IM Ltd - Level 5, Tower Three International Towers Sydney, 300 Barangaroo Avenue, Barangaroo NSW 2000, Australia

Contact details: Mariko Onda, Phone: [phone],E-mail:[e-mail]

Nature of connection between substantial product holders: First Sentier Investors (Australia) IM Ltd and First Sentier Investors Realindex Pty Ltd are wholly-owned subsidiaries of Mitsubishi UFJ Financial Group, Inc.

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

Certification

I, Mariko Onda, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made.

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For personal use only

Annexure A

Transaction details for subsidiaries of Mitsubishi UFJ Financial Group, Inc.

Nature

Number

Cash

Date of

Holder of Relevant

of

Class of

of

Consideration

Transaction

Interest

Transa

Securities

Securities

(NZD)

ction

None

-

-

-

0

0

3

For personal use only

Annexure B

Relevant interests held in the Morgan Stanley group

List of Morgan Stanley and its subsidiaries that have a relevant interest or are deemed to have a relevant interest in the shares.

Entities

└─┬─Morgan Stanley

├─┬─Morgan Stanley Capital Management, LLC

• └─┬─Morgan Stanley Domestic Holdings, Inc.
• ├─┬─Eaton Vance Acquisitions LLC
• │ └───Parametric Portfolio Associates LLC
• ├───Morgan Stanley & Co. LLC
• ├───Morgan Stanley Capital Services LLC
• └───Morgan Stanley Investment Management Inc.

└─┬─Morgan Stanley International Holdings Inc.

├─┬─Morgan Stanley (Australia) Securities Holdings Pty Limited

• └───Morgan Stanley Australia Securities Limited

└─┬─Morgan Stanley International Limited └─┬─Morgan Stanley Investments (UK)

└───Morgan Stanley & Co. International plc

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Annexure C

Transaction details for the Morgan Stanley group

only

Date of

Holder of

Transaction

Class and

Relevant

Consideration

number of

Transaction

Nature

Interest

securities

12/31/2021

Morgan Stanley &

Buy

1,151.28

328 Ordinary

Co. International

Shares

use

plc

12/31/2021

Morgan Stanley &

Buy

25,528.05

7,191 Ordinary

Co. International

Shares

plc

12/31/2021

Morgan Stanley

Sell

745.92 (AUD)

224 Ordinary

Australia

Shares

personal

Securities Limited

which the

12/31/2021

Morgan Stanley

Sell

4,671.99

1,403 Ordinary

Australia

(AUD)

Shares

Securities Limited

12/31/2021

Morgan Stanley

Buy

3,340.00

1,000 Ordinary

Australia

(AUD)

Shares

Securities Limited

12/31/2021

Morgan Stanley

Sell

2,620.20

794 Ordinary

Australia

(AUD)

Shares

Securities Limited

12/31/2021

Morgan Stanley &

Decrease in

N/A

1,137,040

Co. International

shares held or

Ordinary Shares

plc

in respect of

For

holder may

exercise right

to

rehypothecate

pursuant to the

agreement(s)

12/31/2021

Morgan Stanley &

Collateral

N/A

187,968 Ordinary

Co. International

Received

Shares

plc

1/03/2022

Morgan Stanley &

Decrease in

N/A

1,577,363

Co. International

shares held or

Ordinary Shares

plc

in respect of

which the

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