Citigroup reduces stake in Bluescope Steel

As of November 20, 2025, Citigroup's relevant interest in Bluescope Steel's ordinary fully paid shares fell from 7.5629% to 6.4805%. This represents a net decrease of 4,747,311 votes, with the total votes held now standing at 28,424,118. This change was reported in an updated substantial holder notice.

The reduction was primarily driven by Citibank, N.A. Sydney Branch, which reported a decrease of 6,188,904 shares acting as an agent lender. However, several Citigroup entities also increased their holdings through ordinary course of business contracts on the stock market. Citigroup Global Markets Australia Pty Limited increased its interest by 837,143 shares, Citigroup Global Markets Limited by 1,416,791 shares, and Citibank, N.A. by 78,176 shares.

Concurrently, Citigroup Global Markets Inc. and Citigroup Trust Delaware N.A. reported decreases of 889,837 and 680 shares, respectively. Citibank, N.A. Sydney Branch now holds 8,927,969 shares, representing its largest present relevant interest as an agent lender.