Citigroup ceases to be substantial holder in Lotus Resources

Citigroup Global Markets Australia Pty Limited, along with Citibank, N.A. Sydney Branch, and Citigroup Global Markets Limited, ceased to be a substantial holder in Lotus Resources Ltd on September 9, 2025. This follows a previous notification on September 8, 2025.

The changes in relevant interests include a decrease of 11,529,136 ordinary fully paid shares by Citibank, N.A. Sydney Branch, acting as agent lender, and a decrease of 23,000,000 ordinary fully paid shares by Citigroup Global Markets Limited, both under securities lending agreements. Additionally, Citigroup Global Markets Australia Pty Limited recorded a decrease of 62,902 ordinary fully paid shares from contracts entered into on the stock market.

These transactions involve various securities lending agreements, including AMSLA, GMSLA, and MSLA, where the borrower holds the voting rights. The agreements allow for early return by the borrower and early recall by the lender under standard terms. The securities are not specified to be returned on settlement.