First Sentier group becomes substantial holder in National Storage REIT

First Sentier Group Limited and its related bodies corporate or associates became a substantial holder in National Storage REIT on December 9, 2025. Their total voting power in the company reached 5.07%, representing 71,199,222 fully paid ordinary shares. This includes 23,975,923 shares where First Sentier Group Limited and its subsidiaries have voting power, and an additional 47,223,299 shares where Mitsubishi UFJ Financial Group, Inc., First Sentier’s ultimate parent, has informed it holds voting power.

The relevant interests are held through various entities, including First Sentier Investors RQI Pty Ltd, First Sentier Investors (Australia) IM Ltd, First Sentier Investors (Australia) RE Ltd, First Sentier Investors (Ireland) Limited, and First Sentier Investors (UK) IM Limited. These entities hold relevant interests as investment managers, controlling the exercise of voting and disposal power over the securities.

The acquisition of shares involved both cash transactions and borrowed securities. For instance, First Sentier Investors RQI Pty Ltd borrowed substantial amounts of fully paid ordinary shares from Citigroup Global Markets Limited, with acquisitions spanning from August 13, 2025, to December 8, 2025. Similarly, First Sentier Investors (Australia) IM Ltd made numerous cash acquisitions of fully paid ordinary shares during the same period, with individual transactions ranging from A$733,482.49 to A$1,897,364.34.