Citi Group ceases substantial holding in IDP Education

Citigroup Global Markets Australia Pty Limited and its global affiliates have ceased to be a substantial holder in IDP Education Ltd (IEL), with the change becoming effective on September 16, 2025. This follows their previous notice to the company on September 15, 2025.

Several transactions contributed to this change. Citibank, N.A. Sydney Branch, decreased its relevant interest by 715,812 ordinary fully paid shares due to its role as an agent lender and securities lending agreements. Concurrently, Citigroup Global Markets Australia Pty Limited increased its relevant interest by 1,393,563 ordinary fully paid shares through contracts in the ordinary course of business on a stock market, while Citigroup Global Markets Inc also increased its interest by 35,000 ordinary fully paid shares under securities lending agreements.

Conversely, Citigroup Global Markets Limited significantly decreased its relevant interest by 6,964,966 ordinary fully paid shares, also pursuant to securities lending agreements. These movements collectively resulted in the cessation of the substantial holding.