Macquarie Group ceases to be substantial holder in Perpetual Limited

Macquarie Group Limited, along with its controlled bodies corporate, announced that it ceased to be a substantial holder in Perpetual Limited, with the change effective on September 5, 2025. The previous notice of substantial holding was given on September 9, 2025, and dated September 4, 2025.

The changes in relevant interests primarily involved Macquarie Bank Limited (MBL) engaging in both stock purchases and sales, with prices ranging from AUD 19.93 to AUD 20.12 per security. Macquarie Investment Services Limited (MISL) also conducted on-market purchases and transfers related to client accounts. A significant collateral receive return of 167,095 FPO was recorded by MBL at AUD 0.00.

The relevant legal agreements governing these changes are Securities Lending Agreements between MBL and various clients, as detailed in Annexures C and C-1. These agreements stipulate that the transferee/Borrower holds voting rights, though the transferor/Lender may provide instructions in certain circumstances. The securities are returnable early at the Borrower's discretion with notice or recallable by the Lender with notice.