Mitsubishi UFJ financial group increases stake in Karoon Energy

Mitsubishi UFJ Financial Group Inc. announced a change in its substantial holding in Karoon Energy Ltd, with an update effective December 16, 2025, showing a shift in the group’s voting power in the company.

The total voting power of Mitsubishi UFJ Financial Group in Karoon Energy Ltd increased from 7.72% (56,962,815 fully paid ordinary shares) to 8.80% (64,004,159 fully paid ordinary shares). This change is attributed to various transactions, including purchases and sales of securities by entities controlled by Morgan Stanley and First Sentier Group Limited.

The relevant interests held by Mitsubishi UFJ Financial Group include substantial holdings through various entities such as BNP Paribas Securities, Citibank N.A Hong Kong, JP Morgan Chase, Northern Trust Singapore, and State Street Global Services, all managed by First Sentier Group Limited and Morgan Stanley. These interests primarily involve fully paid ordinary shares, reflecting the group’s indirect exposure to the company's voting stock.