Macquarie Group no longer substantial holder in Perpetual

Macquarie Group Limited and its controlled entities, including Macquarie Bank Limited, Macquarie Investment Management Limited, and Macquarie Investment Services Limited, are no longer a substantial holder in Perpetual Limited, effective September 5, 2025. The previous notice was given on September 9, 2025, and dated September 4, 2025.

The change in holdings involved various stock transactions at prices primarily around AUD 20.00 per security. Macquarie Bank Limited engaged in both stock purchases and sales, with sales ranging from AUD 19.93 to AUD 20.08 per security, and purchases at AUD 20.12. Notable transactions included a collateral receive return of -167,095 votes. Macquarie Investment Services Limited reported on-market purchases and transfers into and out of client accounts, while Macquarie Investment Management Limited conducted on-market sales.

These transactions indicate a strategic divestment by Macquarie Group, shifting its position from a substantial holder. The overall activity reflects a rebalancing of their investment portfolio, with no new associations or changes in the nature of existing associations reported.