First Sentier group reduces stake in Gold Road Resources

First Sentier Group Limited and its related bodies corporate, including Mitsubishi UFJ Financial Group, Inc., have reported a change in their substantial holding in Gold Road Resources Ltd. The group's voting power in the company has decreased from 6.34% (68,920,843 fully paid ordinary shares) to 5.23% (56,775,488 fully paid ordinary shares). This change was effective on August 29, 2025, with the previous notice filed on June 10, 2025.

The reduction primarily stems from a series of sales and borrow decreases executed by First Sentier Investors RQI Pty Ltd and First Sentier Investors (Australia) IM Ltd. Notable transactions include sales by First Sentier Investors (Australia) IM Ltd totaling AUD 1,409,849.94 (422,807 shares), AUD 3,137,704.48 (940,982 shares), and AUD 1,804,167.90 (541,061 shares) on August 29, 2025. These transactions contributed to a substantial decrease in the group's overall holding.

The group’s relevant interest arises from their capacity as investment managers, controlling voting and disposal rights of securities under their mandates. This includes an accelerated relevant interest through OTC derivatives, warrants, or other securities as per subsection 608(8) of the Corporations Act 2001 (Cth).