Ann: Becoming a substantial holder, page-28

Joe, can you take another look at your figures as I think that you calculated the value column rather than the volume column.

My figures came out to the following:

• As at 2/3/17, UBS held 19,034,610 shares of which 10,511,323 were beneficially held. The remainder, being 8,523,287 represented shares that they presently control the power of disposal over (ie: short held). Measured in context, UBS held (as at 2/3) 8.5M out of the 23.5M short positions listed as o/s on Shortman.
• Since 16/2, UBS has bought 21,379,104 shares in SGH, but sold 18,744,397, for a net purchase of 2,634,707 shares.
• More significantly, during last week, UBS acquired the following shares in SGH:

	Column 1	Column 2	Column 3	Column 4	Column 5
0	Date	Buy	Sell	Net	Net Bought
1	27/2	1,034,064	903,936	130,218	130,218
2	28/2	1,154,859	1,424,173	(269,314)	(139,096)
3	1/3	6,274,602	5,976,858	297,744	158,648
4	2/3	10,281,030	7,379,918	2,901,112	3,059,760