First Sentier group becomes substantial shareholder in JB Hi-Fi

First Sentier Group Limited and its related bodies corporate or associates became a substantial holder in JB Hi-Fi Ltd on December 4, 2025. The group's total voting power stands at 5.44%, representing 5,949,867 fully paid ordinary shares. This figure includes 1,468,927 shares with voting power attributed to First Sentier Group Limited and its subsidiaries, and an additional 4,480,940 shares where Mitsubishi UFJ Financial Group Inc., the ultimate parent, holds voting power.

The relevant interests are held by First Sentier Investors RQI Pty Ltd with 986,468 shares, and First Sentier Investors (Australia) IM Ltd with 613,173 shares. Mitsubishi UFJ Financial Group directly holds a relevant interest in 4,480,940 shares. These entities acquired shares through various cash transactions in the months leading up to the substantial holder announcement, with numerous acquisitions ranging from $2,279.66 to $6,990,874.10 for different tranches of ordinary shares.

Key acquisitions included $2,563,927.81 for 22,638 shares and $6,990,874.10 for 60,235 shares by First Sentier Investors RQI Pty Ltd on August 13 and August 14, 2025, respectively. Other significant purchases were $888,649.58 for 7,462 shares on September 23, 2025, and $1,108,171.00 for 11,409 shares on November 7, 2025, by the same entity.