Citigroup no longer a substantial holder in Karoon Energy

Citigroup Global Markets Australia Pty Limited and its global affiliates have ceased to be substantial holders in Karoon Energy Ltd as of August 29, 2025. This change follows a series of transactions, including decreased relevant interests through securities lending agreements and contracts in the ordinary course of business.

Specifically, Citibank, N.A. Sydney Branch decreased its holdings by 409,978 ordinary fully paid shares. Citigroup Global Markets Australia Pty Limited's relevant interest decreased by 1,725,906 ordinary fully paid shares, and Citigroup Global Markets Limited reduced its holdings by 15,849,036 ordinary fully paid shares. These changes reflect adjustments to various lending agreements and market transactions.

In a related development, State Street Corporation increased its voting power in Karoon Energy Ltd from 7.64% (56,172,885 votes) to 8.72% (63,865,788 votes) on August 29, 2025. This increase involved multiple transactions including both lending for stock and collateral received, with various changes in relevant interests across its entities.