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CHALLENGER LIMITED Major Shareholding Notification 2011

Nov 24, 2011

64641_rns_2011-11-24_4977b6aa-f192-48de-b3f0-c5dad9b341ef.pdf

Major Shareholding Notification

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Form 605

Corporations Law Section 671B

Notice of ceasing to be a substantial holder

To: Company Name/Scheme CHALLENGER LIMITED
ACN/ARSN 106 842 371
1. Details of substantial holder (1)
Name UBS AG and its related bodies corporate
ACN/ARSN (if applicable):
The holder ceased to be a substantial shareholder on 23 November 2011
The previous notice was given to the company on 24 November 2011
The previous notice was dated 22 November 2011

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of
change
Person whose relevant
interest changed
Nature of
Change
(4)
Consideration
given in relation
to change (5)
Class (6) and
Number of
securities affected
Person's votes
affected
Please see Appendix A.

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association
-------
N/A N/A
---------------------------------------
_________

4. Addresses

The addresses of persons named in this form are as follows:

Name Address
Details of all UBS offices can be found through the
following link: http://apps.ubs.com/locationfinder

SIGNATURE

Print Name: So Young Kim Capacity Authorised signatory
Sign Here: $\equiv$ $\equiv$ $\equiv$ $\equiv$ $\equiv$ $\equiv$ $\equiv$ $\equiv$ Date: 25 November 2011
Print Name: Tiffany Leung Capacity: Authorised signatory
Sign Here: MW Date: 25 November 2011

Contact details for this notice: . _________________


Tiffany Leung

Legal & Compliance

(T) +852 2971 8042

(F) +852 2971 7895 ......................................

$\mathcal{L}_{\text{eff}}$

CGF - Appendix A
Date of
change
Person whose relevant interest
changed
Nature of Change Consideration given:
in relation to change
Number of
securities
Class
$23 - Nov-11$ UBS Global Asset Management Ltd Sell 7.049 (1.723): Ordinary
23-Nov-11 UBS Global Asset Management Ltd Sell 94,898 (23, 225) Ordinary
23-Nov-11 UBS AG, London Branch Sell 15,935 (3,891) Ordinary
$23-Nov-11$ UBS AG Collateral received N/Al 4,604 Ordinary
23-Nov-11 IUBS AG- Collateral returned N/A (321, 755) Ordinary
23-Nov-11 UBS Securities Australia Ltd IBuv 50,694 12,365 Ordinary
23-Nov-11 UBS Securities Australia Ltd Sell 14,742 (3,600) Ordinary
23-Nov-11 UBS Securities Australia Ltd 'Buv 4,120 .000 Ordinary
23-Nov-11 UBS Securities Australia Ltd Buv 241,475 58,905 Ordinary
23-Nov-11 UBS AG, Australia Branch Stock returned N/A (55,000) Ordinary

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