MUFG ceases substantial holding in BlueScope Steel

Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in BlueScope Steel Limited as of November 26, 2025. The holder became aware of this change on November 28, 2025.

The cessation is primarily driven by a series of sales and purchases of securities between November 21, 2025, and November 26, 2025. Notable transactions include the sale of 266,036 fully paid ordinary shares for A$6,015,073.96 and 191,088 fully paid ordinary shares for A$4,320,499.68 by entities controlled by Morgan Stanley on November 26, 2025. Similarly, large sales by Morgan Stanley-controlled entities include 555,457 fully paid ordinary shares for A$12,558,882.77, 113,311 fully paid ordinary shares for A$2,561,961.71, and 549,072 fully paid ordinary shares for A$12,414,517.92. These sales significantly reduced MUFG's overall holding in BlueScope Steel Limited.

Additionally, the announcement details various agreements underlying the securities transactions, including Australian Master Securities Lending Agreements, International Prime Brokerage Agreements, and Customer Prime Broker Account Agreements. These agreements outline the terms under which securities are held, lent, and returned, with specific clauses addressing voting rights, early return options, and settlement procedures in case of default.