Unity trustee's TPG Telecom stake diluted by share issuance

Li Ka-Shing Unity Trustee Company Limited's substantial holding in TPG Telecom Limited was diluted to 47.96% from 50.10% on November 25, 2025. This change occurred due to TPG Telecom's issuance of 83,102,493 new fully paid ordinary shares to parties other than the substantial holders, as part of an institutional reinvestment offer. The total number of TPG Telecom shares on issue increased from 1,859,341,669 to 1,942,444,162.

Unity Trustee, as the trustee of The Li Ka-Shing Unity Trust, does not directly hold shares in TPG Telecom. Its relevant interest is derived from its deemed interest in all shares where CK Hutchison Holdings Limited (CKHH) has a relevant interest, due to Unity Trustee and its wholly-owned subsidiaries being registered holders of approximately 26.26% of CKHH's shares. This deemed interest now encompasses 931,530,176 shares in TPG Telecom.

The substantial holder’s relevant interests include direct holdings by Hutchison 3G Australia Holdings Pty Limited (H3GAH), Vodafone International Operations Limited (VIOL), and Vodafone Hutchison (Australia) Holdings Limited (JVCo). These entities hold 207,092,576 shares, 207,092,576 shares, and 517,345,024 shares respectively, contributing to the overall relevant interest of Unity Trustee.