Citigroup significantly boosts stake in IDP Education

Citigroup Global Markets Australia Pty Limited and its related bodies corporate have increased their substantial holding in IDP Education Ltd. The previous notice, dated December 4, 2025, showed a voting power of 5.3007% with 14,753,717 votes. The present notice, dated December 9, 2025, reveals an increase to 7.0114% voting power, representing 19,515,181 votes. This marks an increase of 4,761,464 votes in total.

The changes in relevant interests include Citibank, N.A. Sydney Branch increasing its relevant interest by 586,500 ordinary fully paid shares as agent lender and holder of securities subject to a return obligation. Conversely, Citigroup Global Markets Australia Pty Limited decreased its relevant interest by 32,252 ordinary fully paid shares due to securities lending agreements. Citigroup Global Markets Inc also decreased its relevant interest by 916,431 ordinary fully paid shares.

However, Citigroup Global Markets Limited significantly increased its relevant interest by 5,123,647 ordinary fully paid shares through contracts entered into subject to an obligation to return under a securities lending agreement. After the change, Citibank, N.A. Sydney Branch holds 4,705,788 ordinary fully paid shares, Citigroup Global Markets Australia Pty Limited holds 5,917,194 ordinary fully paid shares, and Citigroup Global Markets Limited holds 8,892,199 ordinary fully paid shares.