Morgan Stanley, Mitsubishi UFJ exit as substantial holders in Arafura Rare Earths

Morgan Stanley and its subsidiaries, including Morgan Stanley Australia Securities Limited, ceased to be a substantial holder in Arafura Rare Earths Ltd on December 17, 2025. This cessation followed a series of transactions, primarily sales, on that date, affecting over 58 million ordinary shares. Noteworthy sales included 58,460,570 ordinary shares for AUD 12,861,325.40 and 5,615,695 ordinary shares for AUD 1,224,979.63. Additionally, a significant number of ordinary shares were returned from borrowing by Morgan Stanley & Co. International plc (6,385,067 shares) and Morgan Stanley & Co. LLC (13,059,600 shares).

Concurrently, Mitsubishi UFJ Financial Group, Inc. also ceased to be a substantial holder in Arafura Rare Earths Ltd on December 17, 2025. This action was attributed to the cessation of Morgan Stanley as a substantial holder, as Morgan Stanley is a controlled entity of Mitsubishi UFJ Financial Group, Inc. The transactions detailed in Morgan Stanley's announcement reflect the basis for Mitsubishi UFJ Financial Group, Inc.'s cessation of its substantial holding.