SPH Notice – The Goldman Sachs Group, Inc. (“GSGI”)

1

Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013

To NZX Limited
and
To The A2 Milk Company Limited (ATM)

Date this disclosure made: 14 March 2022
Date last disclosure made: 10 February 2022
Date on which substantial holding ceased: 21 February 2022
Substantial product holder(s) giving disclosure
Full name(s): The Goldman Sachs Group, Inc. (“GSGI”) on behalf of itself and its subsidiaries
(“Goldman Sachs Group”) including its significant subsidiaries listed in Annexure A.

Summary of previous substantial holding
Class of quoted voting products: Ordinary shares
Summary for GSGI on behalf of itself and the Goldman Sachs Group.

For last disclosure,—
(a) total number held in class: 43,229,745
(b) total in class: 743,656,528
(c) total percentage held in class: 5.8131%

For current holding after ceasing to have substantial holding,—
(a) total number held in class: 37,046,858
(b) total in class: 743,656,528
(c) total percentage held in class: 4.9817%

Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure: Please see Annexure B.

Additional information

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

The Goldman Sachs Group, Inc. - Corporation Trust Center, 1209 Orange Street, Wilmington DE
19801, U.S.A.

Goldman Sachs International (GSI) - Plumtree Court, 25 Shoe Lane, London EC4A 4AU, United
Kingdom

2

Goldman Sachs Asset Management L.P. (GSAMLP) - Corporation Trust Center, 1209 Orange Street,
Wilmington DE 19801, USA

Goldman Sachs Financial Markets Pty Ltd (GAUS) - Level 17, 101 Collins Street, Melbourne,
Victoria 3000, Australia

Goldman Sachs & Co. LLC (GSCO) - 200 West Street, New York, NY 10282, USA

Goldman Sachs Asset Management International (GSAMI) - Plumtree Court, 25 Shoe Lane,
London EC4A 4AU, United Kingdom


Contact details:
Contact person – Noble Sebastian
Contact number - 852 2978 7432
Email - gs-reg-ops-pos-sgp@gs.com

Nature of connection between substantial product holders:

The Goldman Sachs Group, Inc. owns, directly or indirectly, at least 99% of the voting securities of
each of:
 Goldman Sachs International;
 Goldman Sachs Financial Markets Pty Ltd;
 Goldman Sachs & Co. LLC.
 Goldman Sachs Asset Management L.P. and
 Goldman Sachs Asset Management International


Certification
I, Noble Sebastian, declare 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.

Signature



Print name


Noble Sebastian
(signing under power of attorney)

Capacity

Authorised Person

Sign here




Date

14 March 2022

3

Annexure A

Significant Subsidiaries of The Goldman Sachs Group, Inc.

The following are significant subsidiaries of The Goldman Sachs Group, Inc. as of December 31, 2021 and the
states or jurisdictions in which they are organized. Each subsidiary is indented beneath its principal parent. The
Goldman Sachs Group, Inc. owns, directly or indirectly, at least 99% of the voting securities of substantially all of
the subsidiaries included below. The names of particular subsidiaries have been omitted because, considered in
the aggregate as a single subsidiary, they would not constitute, as of the end of the year covered by this report, a
“significant subsidiary” as that term is defined in Rule 1-02(w) of Regulation S-X under the Securities Exchange
Act of 1934.

4




THE GOLDMAN SACHS GROUP, INC AND ITS SUBSIDIARIES


Signature



Print name


Noble Sebastian
(signing under power of attorney)

Capacity

Authorised Person

Sign here




Date

14 March 2022

5


Annexure B
Date of
change
Person whose
relevant interest
changed
Nature of Change Consideration
given in
relation to
change (NZD)
Number of
Securities
Class
01/26/2022 GSAMLP Sell 6,192 1,096 Ordinary
01/27/2022 GAUS Sell 4,420 759 Ordinary
01/27/2022 GSI Buy 91,424 16,329 Ordinary
01/27/2022 GSI Sell 918,803 162,766 Ordinary
01/27/2022 GAUS Buy 154,270 26,492 Ordinary
01/27/2022 GSI Sell 28,155 5,000 Ordinary
01/27/2022 GSI Sell 566,547 100,495 Ordinary
01/27/2022 GAUS Sell 1,376 241 Ordinary
01/27/2022 GAUS Buy 12,118 2,081 Ordinary
01/27/2022 GAUS Buy 424,714 72,934 Ordinary
01/28/2022 GAUS Sell 4,266 764 Ordinary
01/28/2022 GAUS Sell 199,833 35,789 Ordinary
01/28/2022 GSI Sell 762,140 137,281 Ordinary
01/28/2022 GSI Sell 58,728 10,580 Ordinary
01/28/2022 GAUS Buy 3,035 553 Ordinary
01/28/2022 GAUS Sell 1,597 286 Ordinary
01/28/2022 GAUS Buy 84,095 15,061 Ordinary
01/28/2022 GAUS Buy 101 18 Ordinary
01/31/2022 GSI Return of Borrowed Securities N/A 403 Ordinary
01/31/2022 GSI Borrow of Securities N/A 403 Ordinary
01/31/2022 GSI Return of Borrowed Securities N/A 403 Ordinary
01/31/2022 GSI Borrow of Securities N/A 403 Ordinary
01/31/2022 GSAMLP Buy 324 58 Ordinary
01/31/2022 GSAMLP Sell 2,360 420 Ordinary
01/31/2022 GSAMLP Sell 7,614 1,355 Ordinary
01/31/2022 GAUS Sell 768,722 137,281 Ordinary
01/31/2022 GAUS Sell 20,710 3,616 Ordinary
01/31/2022 GAUS Buy 28,776 5,139 Ordinary
01/31/2022 GAUS Buy 181,607 32,432 Ordinary
02/01/2022 GAUS Sell 17,476 3,107 Ordinary
02/01/2022 GAUS Buy 179,000 31,752 Ordinary

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02/01/2022 GAUS Buy 34 6 Ordinary
02/01/2022 GSI Buy 2,367 421 Ordinary
02/02/2022 GSCO Return of Borrowed Securities N/A 47,267 Ordinary
02/02/2022 GSCO Return of Borrowed Securities N/A 1,100,000 Ordinary
02/02/2022 GSCO Return of Borrowed Securities N/A 315,049 Ordinary
02/02/2022 GSAMLP Sell 674 118 Ordinary
02/02/2022 GAUS Sell 131 23 Ordinary
02/02/2022 GAUS Sell 52,783 9,347 Ordinary
02/02/2022 GAUS Buy 49,694 8,800 Ordinary
02/03/2022 GSAMLP Buy 2,625 468 Ordinary
02/03/2022 GAUS Sell 3,184 557 Ordinary
02/03/2022 GAUS Sell 2,562,310 448,308 Ordinary
02/03/2022 GSI Buy 350,926 62,216 Ordinary
02/03/2022 GAUS Sell 336 59 Ordinary
02/03/2022 GAUS Buy 307,152 53,740 Ordinary
02/04/2022 GSI Buy 177,424 31,121 Ordinary
02/04/2022 GAUS Buy 150,688 26,733 Ordinary
02/04/2022 GSI Buy 357,883 63,660 Ordinary
02/04/2022 GAUS Buy 230 41 Ordinary
02/04/2022 GAUS Buy 133,057 23,605 Ordinary
02/07/2022 GAUS Sell 151,404 26,495 Ordinary
02/07/2022 GSI Buy 215,230 37,543 Ordinary
02/07/2022 GAUS Buy 1,631 286 Ordinary
02/07/2022 GAUS Buy 321,785 56,311 Ordinary
02/08/2022 GSI Return of Borrowed Securities N/A 121,482 Ordinary
02/08/2022 GSI Sell 1,078,975 190,200 Ordinary
02/08/2022 GAUS Buy 243,982 42,446 Ordinary
02/08/2022 GSI Sell 19,946 3,516 Ordinary
02/08/2022 GSI Buy 25,929 4,541 Ordinary
02/08/2022 GAUS Sell 19,946 3,516 Ordinary
02/08/2022 GAUS Sell 199 35 Ordinary
02/08/2022 GAUS Buy 426,615 74,219 Ordinary
02/09/2022 GAUS Sell 2,152,271 379,646 Ordinary
02/09/2022 GSI Buy 331,882 56,098 Ordinary
02/09/2022 GAUS Sell 203,330 35,866 Ordinary
02/09/2022 GAUS Sell 53,863 9,501 Ordinary

7

02/09/2022 GAUS Buy 44,044 7,769 Ordinary
02/10/2022 GSCO Return of Borrowed Securities N/A 1,900,000 Ordinary
02/10/2022 GAUS Sell 45,511 7,693 Ordinary
02/10/2022 GSI Sell 429,807 73,050 Ordinary
02/10/2022 GSI Sell 60,933 10,226 Ordinary
02/10/2022 GAUS Sell 150,756 25,483 Ordinary
02/10/2022 GAUS Buy 92,159 15,578 Ordinary
02/10/2022 GAUS Buy 124 21 Ordinary
02/11/2022 GSI Sell 70,676 12,495 Ordinary
02/11/2022 GAUS Buy 80,051 13,600 Ordinary
02/14/2022 GAUS Sell 161,049 28,378 Ordinary
02/14/2022 GSI Sell 69,647 12,492 Ordinary
02/14/2022 GAUS Sell 19,778 3,485 Ordinary
02/14/2022 GAUS Buy 312,258 55,022 Ordinary
02/15/2022 GAUS Sell 154,045 27,459 Ordinary
02/15/2022 GSI Sell 70,355 12,683 Ordinary
02/15/2022 GAUS Sell 283,562 50,546 Ordinary
02/16/2022 GSAMLP Sell 1,624 287 Ordinary
02/16/2022 GAUS Sell 5,367,879 962,117 Ordinary
02/16/2022 GSI Sell 358,808 62,974 Ordinary
02/16/2022 GAUS Sell 71,085 12,741 Ordinary
02/16/2022 GAUS Sell 101,670 18,223 Ordinary
02/16/2022 GSI Sell 121,305 21,449 Ordinary
02/16/2022 GAUS Sell 84,425 15,132 Ordinary
02/17/2022 GAUS Sell 168,300 29,620 Ordinary
02/17/2022 GSI Sell 267,756 46,625 Ordinary
02/17/2022 GAUS Sell 153,822 27,072 Ordinary
02/18/2022 GSI Sell 358,248 63,089 Ordinary
02/18/2022 GAUS Sell 72,355 12,742 Ordinary
02/18/2022 GAUS Buy 204,623 36,035 Ordinary
02/18/2022 GSI Buy 129,840 23,053 Ordinary
02/21/2022 GAUS Sell 3,407,138 599,147 Ordinary
02/21/2022 GSI Buy 652,240 106,824 Ordinary
02/21/2022 GAUS Buy 190,343 33,472 Ordinary
02/21/2022 GAUS Sell 350,576 61,649 Ordinary
02/21/2022 GAUS Buy 490,380 80,531 Ordinary

8



Signature



Print name


Noble Sebastian
(signing under power of attorney)

Capacity

Authorised Person

Sign here




Date

14 March 2022