Australian Retirement Trust becomes substantial Metcash shareholder

Australian Retirement Trust became a substantial holder in Metcash Limited on October 23, 2025, acquiring a 5.031% voting power. This interest comprises 55,290,433 fully paid ordinary shares. The relevant interest stems from the trustee's power to exercise voting rights for a superannuation fund.

The acquisition involved numerous transactions between June 25, 2025, and October 23, 2025, with a mix of purchases and sales. A significant final purchase on October 23, 2025, amounted to AUD 2,006,798.01 for 521,499 shares, contributing to the substantial holder threshold.

Total consideration for relevant interests acquired during the four months prior to becoming a substantial holder included cash payments for purchases and cash proceeds from sales. Individual transactions varied, with some of the larger purchases including AUD 1,320,739.03 on July 8, 2025, and AUD 751,870.88 on October 16, 2025.