State Street ceases to be substantial holder in Nick Scali

State Street Corporation and its named subsidiaries, including State Street Bank and Trust Company and State Street Global Advisors entities, have ceased to be a substantial holder in Nick Scali Limited (ACN: 000 403 896). The cessation of substantial holding occurred on December 18, 2025, following a previous notice given on December 19, 2025, dated December 17, 2025.

The changes in relevant interests primarily involved collateral received and stock borrow/lend activities by State Street Bank and Trust Company. Significant movements included a collateral received transaction of -34,125 ordinary shares, a collateral received transaction of 22,542 ordinary shares, and borrow/lend transactions of 6,940 ordinary shares. State Street Global Advisors, Australia, Limited, also reported a transfer out of -295 ordinary shares.

The document details State Street's role as a lender and borrower in securities lending agreements, with relevant interests acquired through lending and collateral arrangements. These activities involve the State Street Bank and Trust Company and its counterparties, with voting rights retained by the borrower in lending scenarios and by the lender when collateral ownership is enforced due to default.