State Street corporation boosts stake in Santos limited to 8.35%

State Street Corporation and its subsidiaries have become a more prominent substantial holder in Santos Limited, increasing their voting power from 7.21% to 8.35%. This change reflects an acquisition of 37,109,198 ordinary shares, bringing their total relevant interest to 271,121,141 ordinary shares as of November 24, 2025. The previous notice, dated November 4, 2025, reported a holding of 234,011,943 ordinary shares.

The increase in holdings primarily stems from various transactions including "transfer in" and "collateral received" activities by State Street Bank and Trust Company, State Street Global Advisors, Australia, Limited, and SSGA Funds Management, Inc. These movements indicate a dynamic shift in the investment manager's position within Santos Limited, encompassing both direct share transfers and collateral arrangements.

A key aspect of State Street's relevant interest includes the power to control voting and disposal of securities as an investment manager or trustee. Furthermore, the disclosure details various securities lending agreements, distinguishing between securities lent, borrowed, and those held as collateral, with specific clauses outlining the rights and obligations of the borrower and lender.