MUFG ceases to be substantial holder in Bega Cheese

Mitsubishi UFJ Financial Group, Inc. (MUFG) has ceased to be a substantial holder in Bega Cheese Limited as of November 26, 2025. The last notice provided to the company was on October 30, 2025, with MUFG becoming aware of the change on the same date. The announcement details numerous transactions involving the purchase and sale of fully paid ordinary shares by entities controlled by Morgan Stanley and First Sentier Group Limited between October 28, 2025, and November 24, 2025.

Notable transactions include the sale of 130,497 shares for AUD778,440.70 by an entity controlled by First Sentier Group Limited on November 24, 2025, and the purchase of 18,600 shares for AUD99,651.42 by an entity controlled by Morgan Stanley on November 3, 2025. Collateral arrangements also played a role, with 69,139 ordinary shares returned on November 11, 2025, and 33,670 shares received on November 10, 2025. These activities collectively led to MUFG's reduced holding, falling below the substantial holder threshold.