Challenger significantly reduces holding in IDP Education

Challenger Limited and its associated entities have submitted a notice of change in substantial holding for IDP Education Limited, indicating a decrease in voting power from 11.68% to 10.13%. This represents a reduction of 4,321,145 ordinary fully paid shares, bringing Challenger's total voting rights to 28,189,071 as of August 25, 2025. The previous notice was given on March 25, 2025.

The change resulted from a series of on-market purchases and sales, as well as off-market transfers, by Challenger Limited and its associated entities. These movements included numerous sell transactions across July and August 2025, alongside smaller buy transactions. HSBC Custody Nominees (Australia) Limited now holds 18,077,911 shares, Citicorp Nominees Pty Limited holds 6,968,395 shares, J.P. Morgan Nominees Australia Pty Limited holds 2,904,123 shares, and Morgan Stanley & Co. International plc holds 238,642 shares.

Concurrently, Macquarie Group Limited and its controlled bodies corporate have ceased to be a substantial holder in IDP Education Limited as of August 22, 2025. This cessation is attributed to various stock purchases and sales by Macquarie Bank Limited, Macquarie Investment Management Limited, and Macquarie Investment Management Global Limited between August 11, 2025, and August 22, 2025.