First Sentier group raises stake in Platinum Asset Management to over 10%

First Sentier Group Limited, along with its related bodies corporate and associates, has become a more significant shareholder in Platinum Asset Management Ltd. As of August 22, 2025, the group's total voting power increased from 8.35% (48,606,148 fully paid ordinary shares) to 10.34% (60,202,450 fully paid ordinary shares). This change reflects an accumulation of shares since the previous notice on August 4, 2025.

The increase in holdings includes shares where First Sentier Group Limited and its subsidiaries have direct voting power, as well as shares where Mitsubishi UFJ Financial Group, Inc., First Sentier's ultimate parent, has informed of its voting power. Key entities involved in the relevant interests include First Sentier Investors RQI Pty Ltd and First Sentier Investors (Australia) IM Ltd.

Several transactions contributed to this increase, predominantly through purchases of fully paid ordinary shares. Notable purchases by First Sentier Investors RQI Pty Ltd occurred on August 14, 2025, for 1,484,458 shares and on August 6, 2025, for 305,493 and 80,034 shares. Sales by First Sentier Investors (Australia) IM Ltd also took place on August 8, 2025, but the overall trend indicates a net increase in First Sentier Group's total voting power.