State Street becomes substantial holder in Beach Energy

State Street Corporation and its named subsidiaries officially became a substantial holder in Beach Energy Limited on August 28, 2025. The group's total voting power in Beach Energy now stands at 5.02%, representing 114,453,023 ordinary shares.

The relevant interests are held across various State Street entities, including State Street Global Advisors Asia Limited, State Street Global Advisors Europe Limited, State Street Bank and Trust Company, State Street Global Advisors Trust Company, SSGA Funds Management, Inc., State Street Global Advisors Limited, and State Street Global Advisors, Australia, Limited. These entities hold power to control voting rights and/or dispose of securities as investment managers or trustees, with State Street Global Advisors, Australia, Limited holding the largest portion at 93,037,091 shares. Additionally, State Street Bank and Trust Company holds relevant interests related to securities lending agreements, acting as both lender and borrower of securities.

The consideration for these acquisitions involved a mix of cash and non-cash transactions over the preceding four months. This strategic move solidifies State Street's position as a key institutional investor in Beach Energy Limited.