ARC FUNDS LIMITED — Director's Dealing 2023

Jul 3, 2023

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity ARC Funds Limited

ABN 52 001 746 710

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Harley Grosser
Date of last notice	16 March 2023

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest	Director/Shareholder of Capital H Group
(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	consisting of:•Capital H Active Fund
	•Capital H A/C
	•Capital H Management Pty Ltd
Date of change	28-30 June 2023
No. of securities held prior to change	7,229,393 Ordinary Shares – Capital H Active
	Fund;
	184,892 Ordinary Shares – Capital H
	Management Pty Ltd <Capital H A/C>;
	3,088,751 Ordinary Shares – Capital H
	ManagementPtyLtd
Class	Ordinary Shares
Number acquired	14,530 - Capital H Management Pty Ltd
	<Capital H A/C>;
Number disposed	-
Value/Consideration	$3,165.60
Note: If consideration is non-cash, provide details and estimated valuation

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	7,229,393 Ordinary Shares – Capital H ActiveFund;199,422 Ordinary Shares – Capital HManagement Pty Ltd <Capital H A/C>;3,088,751 Ordinary Shares – Capital HManagement PtyLtd
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	On-market acquisitions

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011