Navarre Minerals : Becoming a substantial holder from MUFG

Form 603

use only

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To: Company Name/Scheme:	Navarre Minerals Ltd
ACN/ARSN:	125 140 105
1. Details of substantial holder
Name	Mitsubishi UFJ Financial Group, Inc.
The holder became a substantial holder on:	25 February 2022
The holder became aware on:		1 March 2022
2. Details of voting power
The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or
an associate had a relevant interest in on the date the substantial holder became a substantial holder are as follows:
Class of securities		Number of securities	Person's votes	Voting power (%)
Fully Paid ordinary shares		75,411,825	75,411,825	5.53%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

personal

Holder of relevant interest

Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc.

4. Details of present registered holders

Nature of relevant interest

Relevant interest in securities that First Sentier Investors Holdings Pty Limited has a relevant interest in under section 608(3) of the Corporations Act as Mitsubishi UFJ Financial Group, Inc. has voting power of 100% in First Sentier Investors Holdings Pty Limited.

Relevant interest in securities that Morgan Stanley has a relevant interest in under section 608(3) of the Corporations Act as Mitsubishi UFJ Financial Group, Inc. has voting power of over 20% in Morgan Stanley.

Class and number of securities

75,303,096 Fully paid ordinary shares

108,729 Fully paid ordinary shares

For

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant	Registered holder of	Person entitled to be
interest	securities	registered as holder
Mitsubishi UFJ Financial Group, Inc.	Citicorp Nominees Pty Limited	Not applicable
	(Australia)
Mitsubishi UFJ Financial Group, Inc.	HSBC Custody Nominees	Not applicable
	(Australia) Limited
	Securities (Nominee) Pty Limited	Not applicable
5. Consideration

Class and number of securities

75,303,096 Fully paid ordinary

shares

78,729 Fully paid ordinary shares

30,000 Fully paid ordinary shares

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant	Date of acquisition	Consideration	Class and number of securities
interest
See Annexure B to this notice

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Form 603

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

For personal use only

Name and ACN/ARSN (if applicable)

See Annexure A to this notice

7. Addresses

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

Name

Mitsubishi UFJ Financial Group, Inc.

8. Signature

Kenji Takase

Authorised signatory

Nature of association

Each company referred to is an associate of Mitsubishi UFJ Financial Group, Inc. under section 12 of the Corporations Act

Address

2-7-1, Marunouchi, Chiyoda-ku, Tokyo 100-8330, Japan

Dated 2 March 2022

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For personal use only

Annexure A

Annexure A

This is Annexure A of 5 pages referred to in Form 603 (Notice of initial substantial holder), signed by me and dated 2 March 2022

Kenji Takase Authorised signatory

Dated 2 March 2022

SCHEDULE

MUFG Bank, Ltd.

Mitsubishi UFJ Trust and Banking Corporation

Mitsubishi UFJ Securities Holdings Co., Ltd.

MU Business Engineering, Ltd.

The Mitsubishi UFJ Factors Limited

Mitsubishi UFJ Jinji Service Co., Ltd.

MU Techno-service Co., Ltd.

Tokyo Credit Service, Ltd.

Tokyo Associates Finance Corp.

MU Business Service Co., Ltd.

Mitsubishi UFJ Loan Business Co.,Ltd.

Mitsubishi UFJ Information Technology, Ltd.

MU Center Service Tokyo Co., Ltd.

MU Center Service Nagoya Co., Ltd.

MU Center Service Osaka Co., Ltd.

MU Business Aid Co., Ltd.

MU Property Reserch Company Limited

Mitsubishi UFJ Home Loan CREDIT CO., LTD.

The Diamond Home Credit Company Limited

Mitsubishi UFJ Reserch & Consulting Co., Ltd.

MU Frontier Servicer Co., Ltd.

Otemachi Guarantee Co., Ltd.

GD Holdings Company Limited

MU Loan Administration Support Co., Ltd.

MU Communications Co.,Ltd.

Japan Electronic Monetary Claim Organization

MU Business Partner Co., Ltd.

MUT Business Outsourcing Co., Ltd.

Mezzanine Solution II Limited Partnership

Mezzanine Solution III Limited Partnership

Mitsubishi UFJ Capital Co., Ltd.

Mitsubishi UFJ Capital Ⅲ, Limited Partnership

Mitsubishi UFJ Capital Ⅳ, Limited Partnership

Mitsubishi UFJ Capital Ⅴ, Limited Partnership

Mitsubishi UFJ Capital Ⅵ, Limited Partnership

Mitsubishi UFJ Capital Ⅶ, Limited Partnership

Mitsubishi UFJ Life Science 1, Limited Partnership

Mitsubishi UFJ Life Science 2, Limited Partnership

Tohoku Senary Industry Support, Limited Partnership

OiDE Fund Investment Limited Partnership

Mitsubishi UFJ Personal Financial Advisers Co., Ltd.

Mitsubishi UFJ Financial Partners Co.,Ltd.

The Mitsubishi Asset Brains Company, Limited

BOT Lease Co., Ltd.

The Chukyo Bank, Ltd.

Nippon Mutual Housing Loan Co., Ltd.

JM Real Estate Co., Ltd.

Jibun Bank Corporation

JACCS CO.,LTD.

JALCARD Inc.

Yume Shokei Fund No.2

Yume Shokei Fund No.3

Marunouchi Capital Fund II Limited Partnership

M･U･Trust Sougou Kanri Co., Ltd.

Mitsubishi UFJ Trust Business Co., Ltd.

Ryoshin Data Co., Ltd.

Mitsubishi UFJ Trust Systems Co., Ltd.

Mitsubishi UFJ Trust Investment Technology Institute Co., Ltd.

Mitsubishi UFJ Trust Hosyo Co., Ltd.

M･U･Trust･Apple Planning Company, Ltd.

Mitsubishi UFJ Real Estate Services Co., Ltd.

Mitsubishi UFJ Daiko Business Co., Ltd.

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For personal use only

Annexure A

The Master Trust Bank of Japan, Ltd. MU Investments Co., Ltd.

Japan Shareholder Services Ltd.

Mitsubishi UFJ Kokusai Asset Management Co., Ltd. Tokumei-Kumiai (CPI)

Tokumei-Kumiai (GII) Tokumei-Kumiai (Gate Bridge 1) Tokumei-Kumiai (CENTOMILIARDO) Tokumei-Kumiai (MEET) Tokumei-Kumiai (FIELD)

Ippan Shadan Houjin Leone

Jointly Managed Monetary Trust Fund (Fund Number:550001) MU Trust Property Management Co., Ltd.

Tokumei-Kumiai (RICE) TOKKINGAI (Fund Number.900338) TOKKINGAI (Fund Number.900327) TOKKINGAI (Fund Number.900344) AMP Capital Investors KK

MM Partnership

MUS Information Systems Co., Ltd. MUS Business Service Co., Ltd.

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Mitsubishi UFJ Morgan Stanley PB Securities Co., Ltd. kabu.com Securities Co., Ltd.

Morgan Stanley MUFG Securities Co., Ltd. Mitsubishi UFJ NICOS Co., Ltd.

Card Business Service Co.,Ltd.

MU NICOS Business Service Co., Ltd. MU NICOS Credit Co.,Ltd.

Ryoshin DC Card Company Ltd. JMS Co., Ltd.

Paygent Co., Ltd.

JA Card Co., Ltd

ACOM CO., LTD.

IR Loan Servicing, Inc.

MU Credit Guarantee Co., Ltd. Japan Digital Design, Inc. Crowd Money Inc.

MUMEC Visionary Design, Ltd. Global Open Network, Inc. Global Open Network Japan, Inc. MUFG Innovation Partners Co., Ltd.

MUFG Innovation Partners No.1 Investment Partnership Mitsubishi Research Institute DCS Co.,Ltd.

HR Solution DCS Co.,Ltd.

Mitsubishi UFJ Lease & Finance Company Limited Hitachi Capital Corporation

Nihombashi TG Jigyo Kyodo Kumiai

NIHOMBASHI TG SERVICE CO., LTD.

SHIN-NIHOMBASHI TSUSHO CO., LTD. Solution Design Co.,ltd.

Nippon Record Keeping Network Co., Ltd. Banco MUFG Brasil S.A.

9808680 Canada Inc.

BTMU (Curacao) Holdings N.V. MUFG Bank (Europe) N.V.

MUFG Business Services (Holland) B.V. MUFG Funding (UK) Limited

MUFG Europe Lease (Deutschland) GmbH MUFG Bank (Malaysia) Berhad

MUFG North America International, Inc. MUFG Bank Mexico, S.A.

MUFG Nominees (HK) Limited

MUFG Nominees (UK) Limited

MUFG Americas Holdings Corporation MUFG Union Bank, N.A.

Union Bank of California Leasing, Inc. UBOC Community Development Corporation UnionBanc Investment Services, LLC Bankers Commercial Corporation UnionBanCal Equities, Inc.

UnionBanCal Leasing Corporation

UnionBanCal Mortgage Corporation Mills-Ralston, Inc.

HighMark Capital Management, Inc. BCC OX I, Inc.

BCC OX II, Inc.

SEMA OP9 LLC

SEMA OP8 LLC MORGANTOWN OL6 LLC MORGANTOWN OL7 LLC

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For personal use only

Annexure A

MORGANTOWN OL5 LLC

DICKERSON OL4 LLC

TRL One A, LLC

TRL One B, LLC

TRL One, LP

BM1,LLC

UB Leasing Corporation

Pacific Capital Statutory Trust I

Shiloh Ⅳ Wind Project, LLC

Shiloh Ⅳ Holdings Lessor Trust

Green Union I Trust

Green Union II Trust

Green Union III Trust

Tohlease Corporation

MUFG Americas Funding Corporation

MUFG Americas Financial & Leasing Corporation B-4

U.B. Vehicle Leasing, Inc.

MUFG Americas Leasing Corporation

MUFG Americas Financial Services, Inc.

MUFG Americas Leasing (Canada) Corporation

MUFG Americas Leasing & Finance, Inc.

MUFG Americas Capital Leasing & Finance, LLC

MUFG Americas Corporate Advisory, Inc.

MUFG Americas LF Capital LLC

MUFG Americas Capital Company

MUFG Fund Services (USA) LLC

MUFG Securities Americas Inc.

MUFG Capital Analytics LLC

MUFG Investor Services (US), LLC

Intrepid Investment Bankers LLC

Southern California Business Development Corporation

Catalina Solar Holdings Lessor Trust

Catalina Solar, LLC

Morgan Stanley MUFG Loan Partners, LLC

PT U Finance Indonesia

PT. MU Research and Consulting Indonesia

MU Research and Consulting (Thailand) Co., Ltd.

MUFG Participation (Thailand) Co., Ltd.

AO MUFG Bank (Eurasia)

MUFG Bank (China), Ltd.

BTMU Preferred Capital 8 Limited

BTMU Preferred Capital 9 Limited

BTMU Liquidity Reserve Investment Limited

MUFG Bank Turkey Anonim Sirketi

Bank of Ayudhya Public Company Limited

Krungsri Ayudhya AMC Limited

Krungsri Factoring Company Limited

Ayudhya Development Leasing Company Limited

Ayudhya Capital Auto Lease Public Company Limited

Krungsriayudhya Card Company Limited

General Card Services Limited

Ayudhya Capital Services Company Limited

Krungsri General Insurance Broker Limited

Krungsri Life Assurance Broker Limited

Krungsri Asset Management Company Limited

Total Services Solutions Public Company Limited

Ngern Tid Lor Company Limited

Krungsri Securities Public Company Limited

Siam Realty and Services Security Co.,Ltd.

Krungsri Leasing Services Co., Ltd.

Hattha Kaksekar Limited

Krungsri Finnovate Co., Ltd.

Tesco Card Services Limited

BTMU Liquidity Reserve Investment 2 Limited

BTMU Liquidity Reserve Investment 3 Limited

PT Guna Dharma

PT Bank Danamon Indonesia, Tbk.

PT Adira Quantum Multifinance

PT Adira Dinamika Multi Finance Tbk

PT Asuransi Adira Dinamika

BOT Lease (HK) Co., Ltd.

PT Bumiputera - BOT Finance

BOT Lease Holding Philippines, Inc.

BOT Lease and Finance, Philippines, Inc.

BOT Lease (Thailand) Co., Ltd.

MUFG Holding (Thailand) Co., Ltd.

Bangkok MUFG Limited

BOT Lease(Eurasia)LLC

BOT Lease (Tianjin) Co., Ltd.

BOTL Factoring (Shanghai) Co., Ltd.

BOT LEASE MEXICO S.A. DE C.V.

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