State Street becomes substantial holder in Bannerman Energy

As of November 17, 2025, State Street Corporation and its subsidiaries collectively hold a relevant interest in 10,432,175 ordinary shares of Bannerman Energy Ltd, representing a 5.03% voting power. This makes State Street a substantial holder in the company.

The relevant interest arises from various activities, including acting as a lender with the right to dispose of shares transferred to secure a securities loan (1,240,341 ordinary shares) and holding securities subject to an obligation to return under a securities lending agreement (290,478 ordinary shares). Additionally, State Street acts as an investment manager or trustee, controlling the exercise of voting rights and the disposal of 8,776,151 ordinary shares.

The transactions leading to this substantial holding involved numerous acquisitions and disposals of ordinary shares through both cash and non-cash considerations, primarily between July 17, 2025, and November 17, 2025. These activities reflect State Street's role in securities lending and asset management.