Citigroup increases stake in Vulcan energy

Citigroup Global Markets Australia Pty Limited and its related bodies corporate have increased their substantial holding in Vulcan Energy Ltd, with their combined voting power rising from 6.6940% to 9.8888%. This represents an increase of 23,182,221 votes from their previous holding of 15,692,644 votes in the company's ordinary fully paid shares.

The change in relevant interests primarily occurred on December 9, 2025. Citibank, N.A. Sydney Branch, acting as agent lender, increased its relevant interest by 13,573 ordinary fully paid shares. Citigroup Global Markets Australia Pty Limited saw a substantial increase of 10,896,696 ordinary fully paid shares through contracts subject to securities lending agreements and ordinary course stock market transactions. Other Citigroup entities also reported changes, including an increase of 23,510 ordinary fully paid shares by Citigroup Global Markets Inc. and a decrease of 3,444,202 ordinary fully paid shares by Citigroup Global Markets Limited.

Following these changes, Citibank, N.A. Sydney Branch now holds a relevant interest in 753,094 ordinary fully paid shares. Citigroup Global Markets Australia Pty Limited's holding stands at 11,396,272 ordinary fully paid shares, while Citigroup Global Markets Inc. holds 2,113,925 ordinary fully paid shares. Citigroup Global Markets Limited holds 8,918,930 ordinary fully paid shares. These holdings are largely through securities lending agreements and ordinary market transactions.