State Street becomes substantial holder in Austal

State Street Corporation and its named subsidiaries became a substantial holder in Austal Limited on September 16, 2025, acquiring a relevant interest in 22,990,240 ordinary shares, representing 5.46% of the company's voting power. The relevant interests are held through various entities, including State Street Global Advisors Europe Limited, State Street Bank and Trust Company, State Street Global Advisors Trust Company, SSGA Funds Management, Inc., State Street Global Advisors Limited, and State Street Global Advisors, Australia, Limited.

The nature of these relevant interests includes the power to control voting rights and dispose of securities as investment manager or trustee. For borrowed securities, State Street Bank and Trust Company holds relevant interest under section 608(1) and retains a relevant interest on-lent securities. For collateral securities, the relevant interest arises under section 608(8A), granting the right as lender to dispose of shares transferred to secure a securities loan.

The acquisition transactions for these interests involved both cash and non-cash considerations, with numerous transactions occurring between May 16, 2025, and September 16, 2025. State Street Bank and Trust Company has disclosed multiple transactions involving significant volumes of ordinary shares during this period, with individual cash considerations varying for certain transactions.