State Street becomes substantial holder in Austal Limited

State Street Corporation and its subsidiaries collectively became a substantial holder in Austal Limited on December 2, 2025. The total voting power held by the group is 5.07%, representing 21,416,141 ordinary shares. Entities under State Street Global Advisors (Europe Limited, Trust Company, and Australia Limited) along with SSGA Funds Management, Inc. and State Street Bank and Trust Company hold relevant interests through various capacities including investment management, trusteeship, and securities lending arrangements.

The detailed breakdown of holdings shows State Street Global Advisors Trust Company as the largest holder with 2,461,487 ordinary shares, followed by State Street Bank and Trust Company with 3,899,094 ordinary shares through collateral for securities loans. Other significant holdings include State Street Global Advisors Europe Limited with 178,514 shares and SSGA Funds Management, Inc. with 260,365 shares.

A substantial portion of the relevant interests arise from securities lending activities, where State Street Bank and Trust Company acts as both lender and borrower. As a lender, it acquires a security interest over shares taken as collateral, while as a borrower, it on-lends securities but retains a relevant interest. Voting rights for lent securities are generally retained by the lender, or exercisable by the borrower if they are the registered holder and certain conditions are met, such as default by the borrower or recall of the loan by the lender.