SPH Notice – Bennelong Funds Management Group Pty Ltd

1
Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To NZX
and
To ASX
and
To A2 Milk Company Ltd
Date this disclosure made: 16 February 2024
Date on which substantial holding began: 13 February 2024
Substantial product holder(s) giving disclosure
Full name(s):
Bennelong Funds Management Group Pty Ltd (and its Subsidiaries and
Affiliates
1
as listed in Annexure A)

Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Bennelong Funds Management Group Pty Ltd
For this disclosure,—
(a) total number held in class: 41,186,962
(b) total in class: 41,186,962
(c) total percentage held in class: 5.6972%
Details of relevant interests
Details for Bennelong Funds Management Group Pty Ltd
Nature of relevant interest(s):
Class and
number of
Ordinary
Shares
Percentage
held in class
Holder of relevant Interest
Registered holder
of securities
39,491,019 5.4626%
Bennelong Funds Management
Group Pty Ltd
Citi
472,030 0.0653%
Bennelong Funds Management
Group Pty Ltd
JPM
1,223,913 0.1693%
Bennelong Funds Management
Group Pty Ltd
NAS


1
For the purposes of this Notice and pursuant to s 608(3) of the Corporations Act 2001 (Cth), ‘Affiliates’
means any body corporate or managed investment scheme in which the Group’s voting power is over 20%
or which is controlled by the Group.

2
For a derivative relevant interest, also—
(a) type of derivative: [eg, option or swap agreement]
(b) details of derivative: [specify details required by the instructions to this form]
(c) parties to the derivative:
(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative:
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure:

Consideration
Holder of relevant Interest
Date of
Acquisition/Sales Cash Non-cash
Class and number of
securities
Bennelong Funds
Management Group Pty Ltd
18 Dec 2023 –
16 Feb 2024

Price range: AUD
$4.0521 - $5.0382
N/A
35,596,730 Ordinary
shares

Additional information
Address(es) of substantial product holder(s): Bennelong House, 9 Queen St,
Melbourne, VIC 3000, Australia
Contact details: Compliance Team, Telephone: +61 (0)3
8611 6545, Email:
compliance@bennelongfunds.com
*Nature of connection between substantial product holders: [names and nature of
connection]
*Omit if disclosure is made for only 1 substantial product holder.
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: [full name]
*Disclosure has effect for purposes of directors’ and senior managers’ disclosure
[Name] is also a [specify either director or senior manager] of [name of listed issuer].
This disclosure also constitutes disclosure for the purposes of the directors’ and senior
managers’ disclosure obligations.
*Omit if inapplicable (see section 302 of the Financial Markets Conduct Act 2013).
Certification
I, Jeffrey Phillips 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.

3

Annexure A


Subsidiaries
BennBridge Ltd (Company Number 10480050)
Bennelong Funds Management Ltd (ACN 111 214 085)


Affiliates
4D Infrastructure Pty Ltd (ACN 604 979 259)
Bennelong Australian Equity Partners Pty Ltd (ACN 131 665 122)
Bennelong Long Short Equity Management Pty Ltd (ACN 118 724 173)
Quay Global Investors Pty Ltd (ACN 163 911 859)
Skerryvore Asset Management LLP (OC429371)
Touchstone Asset Management Pty Ltd (ACN 605 911 519)