Macquarie Group exits substantial holding in Sandfire Resources

Macquarie Group Limited and its controlled bodies corporate, including Macquarie Bank Limited, ceased to be a substantial holder in Sandfire Resources Limited as of November 20, 2025. This follows previous notices given on November 21 and November 18, 2025. Transactions leading to this change included a series of on-market purchases and sales of Sandfire Resources shares, as well as collateral movements. Notable movements include Macquarie Bank Limited's purchases of AUD 15.6 million shares and sales of AUD 15.82 million shares, along with a AUD 0.00 collateral return of 500,000 FPO shares.

Simultaneously, Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust became a new substantial holder in Sandfire Resources Limited on November 21, 2025, with a 5.003% voting power, holding 23,051,219 fully paid ordinary shares. This was primarily through the exercise of voting rights as a trustee of a superannuation fund. The consideration for these acquisitions involved various on-market purchases and sales, with cash values ranging from AUD 1,546.55 to AUD 5,839,222.49, including both buys and sells between July and November 2025.