Macquarie Group becomes substantial holder in St George Mining

Macquarie Group Limited and its controlled bodies corporate became a substantial holder in St George Mining Limited on October 14, 2025. The group now holds a relevant interest in 182,274,914 ordinary fully paid shares, representing 6.19% of the voting power in St George Mining.

Macquarie Bank Limited (MBL) holds the majority of this interest, with the power to control voting and/or disposal rights over 177,043,603 shares, including 5,000,000 shares related to stock borrowing and lending activities. Macquarie Investment Management Limited (MIML) holds 231,311 shares as trustee of APRA regulated superannuation funds, with the power to control voting and/or disposal.

Transactions by MBL in the four months leading up to the announcement included numerous stock purchases and sales. A significant transaction was a "Borrow Delivery" of 5,000,000 shares on October 13, 2025, with a consideration of A$0.00. MIML also made on-market purchases, including 129,032 shares for A$0.03 on June 23, 2025, and 75,000 shares for A$0.16 on October 14, 2025.