UBS Group AG becomes substantial holder in West African Resources

UBS Group AG and its related bodies corporate became a substantial holder in West African Resources Ltd (ACN 121 539 375) on December 2, 2025. The total voting power held by UBS amounts to 5.14%, representing 58,673,743 ordinary shares.

The relevant interests are spread across several UBS entities. UBS Securities Australia Ltd holds the largest individual interest with 15,070,376 ordinary shares, primarily through stock borrowing and lending activities. UBS AG London Branch holds 3,659,787 ordinary shares via a prime broking agreement, alongside 133,905 ordinary shares as a beneficial owner.

Other significant holdings include UBS AG Australia Branch with 125,430 and 4,712,000 ordinary shares from stock borrowing and lending. UBS Asset Management (Australia) Ltd holds 7,470,507 ordinary shares, and UBS Fund Management (Switzerland) AG controls 2,285,420 ordinary shares, both through their fund management capacities.