Honestly right now it's a bit premature to tell. UTAS has once again changed up their criteria and their selection process this year, which may no doubt impact the way in which candidates are selected. 95+ is just a threshold like you said, and a 95 is likely to be very uncompetitive in their selection process, whatever it may be. Your best bet is to wait and see when offers are released. Your ATAR is close to a 99, but according to their website they rank applicants based on ATAR once their UCAT has passed the 50th percentile threshold. Ultimately, you just need to wait and see.
congrats