State Street becomes substantial holder in Generation Development Group

State Street Corporation and its subsidiaries became a substantial holder in Generation Development Group Limited on December 2, 2025. The total voting power held by State Street amounts to 5.26%, representing 21,009,645 ordinary securities.

The relevant interests are held across several State Street entities. State Street Global Advisors, Australia, Limited holds the largest individual stake with 15,351,120 ordinary shares, primarily through its role as investment manager or trustee. State Street Bank and Trust Company holds significant interests, including 3,918,168 ordinary shares for lent securities and 6,917 ordinary shares for borrowed securities. Other notable holdings include State Street Global Advisors Trust Company with 1,323,608 ordinary shares and SSGA Funds Management, Inc. with 251,204 ordinary shares.

The acquisitions involve both cash and non-cash considerations, with various transactions occurring between August and December 2025. For instance, State Street Global Advisors, Australia, Limited acquired 1,100 ordinary shares on November 11, 2025, for AUD6.61, and 1,300,000 ordinary shares on December 2, 2025, for AUD6.20. The nature of these relevant interests includes controlling voting rights and the power to dispose of securities as an investment manager or trustee, as well as interests arising from securities lending agreements.