State Street no longer substantial holder in Smartgroup

State Street Corporation and its subsidiaries, including State Street Bank and Trust Company and State Street Global Advisors, Australia, Limited, ceased to be a substantial holder in Smartgroup Corporation Ltd. on December 9, 2025.

Changes in relevant interests included various collateral transactions, predominantly "Collateral received" actions by State Street Bank and Trust Company. These actions impacted numerous ordinary securities, with instances on December 9, 2025, reporting "Collateral received" affecting securities ranging from -1 to -159,898 ordinary shares. Concurrently, State Street Global Advisors, Australia, Limited, recorded a "Transfer in" of 220 ordinary shares with a consideration of 9.06.

State Street Bank and Trust Company acts as both lender and takes a security interest over securities as collateral in securities lending agreements. These agreements, such as the Global Master Securities Lending Agreement, outline conditions for returning borrowed securities and the lender's right to recall. The voting rights for these securities are typically held by the borrower, with restrictions applied if the borrower defaults.