Citigroup becomes substantial shareholder in IPH Limited

Citigroup Global Markets Australia Pty Limited and its related bodies corporate have become substantial shareholders in IPH Limited, acquiring a total voting power of 5.7988%. The holder officially became a substantial shareholder on December 5, 2025.

The collective stake comprises several entities, with Citibank, N.A. Sydney Branch holding 6,510,183 ordinary fully paid shares. Citigroup Global Markets Limited holds 7,580,980 ordinary fully paid shares, while Citigroup Global Markets Australia Pty Limited and Citigroup Global Markets Inc hold 892,306 and 179,180 ordinary fully paid shares, respectively. These holdings are primarily through securities lending agreements and contracts in the ordinary course of business.

The registered holders of these securities include Citibank, N.A. Sydney Branch, and Citicorp Nominees Pty Limited, which holds securities on behalf of Citigroup Global Markets Australia Pty Limited, Citigroup Global Markets Inc, and Citigroup Global Markets Limited. The acquisition of these relevant interests occurred across various dates within the four months prior to the date Citigroup became a substantial holder.