State Street ceases to be substantial holder in Austal Limited

State Street Corporation and its named subsidiaries ceased to be a substantial holder in Austal Limited (ACN/ARSN: 009 250 266) as of December 9, 2025. This follows a previous notice given to the company on the same date, with the prior notice dated December 5, 2025.

The changes in relevant interests primarily involved "collateral received" transactions for State Street Bank and Trust Company on December 8 and 9, 2025. These transactions included both reductions and increases in "ordinary" class securities, with affected votes mirroring the number of securities. For instance, on December 8, 2025, there was a collateral received transaction for -962,303 ordinary shares, and on December 9, 2025, a collateral received transaction for -720,969 ordinary shares.

State Street Bank and Trust Company, along with its associated entities, including State Street Global Advisors Europe Limited, SSGA Funds Management, Inc., and State Street Global Advisors, Australia, Limited, are party to Securities Lending Authorisation Agreements or Global Master Securities Lending Agreements. These agreements outline that State Street Bank and Trust Company acts as a lender and, in some cases, acquires relevant interest in securities through taking a security interest as collateral for securities loans.