BAPCOR LIMITED — Major Shareholding Notification 2025

Dec 22, 2025

604 Page 1 of 3 15 July 2001

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

BAPCOR LIMITED

ACN/ARSN 153 199 912

1. Details of substantial holder (1)

Name Australian Retirement Trust Pty LTD ATF Australian Retirement Trust ACN/ARSN (if applicable) 010 720 840

There was a change in the interests of the substantial holder on 19 / 12 / 2025 The previous notice was given to the company on 12 / 09 / 2025 The previous notice was dated 12 / 09 / 2025

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

cheme, are as follows:
Class of securities (4)	Previous notice		Present notice
	Person’s votes	Voting power(5)	Person’s votes	Voting power(5)
Fully paid ordinaryshares	36,258,188	10.683%	41,435,705	12.208%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

llows:
Date ofchange	Person whoserelevant interestchanged	Nature of change (6)	Consideration given inrelation to change (7)	Class and numberof securitiesaffected	Person's votesaffected
Refer toAnnexureA

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

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----- Start of picture text ----- Holder of Registered holder Person entitled to be Nature of relevant Class and number Person's votesrelevant of securities registered as holder interest (6) of securitiesinterest (8)Australian Power to----- End of picture text -----

articulars of each relevant interest of the substantial holder in voting securities after the change are as follows:	articulars of each relevant interest of the substantial holder in voting securities after the change are as follows:	articulars of each relevant interest of the substantial holder in voting securities after the change are as follows:	articulars of each relevant interest of the substantial holder in voting securities after the change are as follows:	articulars of each relevant interest of the substantial holder in voting securities after the change are as follows:	articulars of each relevant interest of the substantial holder in voting securities after the change are as follows:
Holder ofrelevantinterestRegistered holderof securitiesPerson entitled to beregistered as holder(8)Nature of relevantinterest (6)Class and numberof securitiesPerson's votes
Australian			Power to
RetirementTrust PtyLTD ATFAustralianRetirementTrust	HSBC CustodyNominees(Australia)Ltd		exercise votingrights pursuantto positionheld as trusteeof asuperannuation	Fully paidordinaryshares41,435,705	41,435,705

604 Page 2 of 3 15 July 2001

fund

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

he persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, theubstantial holder in relation to voting interests in the company or scheme are as follows:	he persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, theubstantial holder in relation to voting interests in the company or scheme are as follows:
Name and ACN/ARSN (if applicable)Nature of association
Not ApplicableNot Applicable

6. Addresses

The addresses of persons named in this form are as follows:

he addresses of persons named in this form are as follows:	he addresses of persons named in this form are as follows:
NameAddress
Australian RetirementTrust Pty LTD ATFAustralian RetirementTrust266 George Street, Brisbane QLD 4000

Signature

re
print namesign here	Kristy HuxtablecapacityCompany Secretary
	date23/12/2025

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

  • (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

  • (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

  • See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the

604 Page 3 of 3 15 July 2001

• acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Page 1 of 1

Annexure A

Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust ACN 010 720 840

This is Annexure A of 1 page referred to in Form 604, Notice of change of interests of substantial holder

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----- Start of picture text ----- Kristy HuxtableCompany Secretary Date: 23/12/2025Consideration Consideration Number ofHolder of Relevant Interest Purchase/Sale Trade Date(Cash) (Non-Cash) SecuritiesAustralian Retirement Trust Pty Ltd ATF Australian Retirement Trust BUY 15/09/2025 1,795,653.70 514,817Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust BUY 15/09/2025 225,006.10 64,090Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust BUY 16/09/2025 872,008.86 247,991Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 10/11/2025 2,121.03 904Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust BUY 10/12/2025 845,980.89 368,574Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 11/12/2025 254,453.14 131,748Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 11/12/2025 17,179.26 8,633Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust BUY 11/12/2025 1,411,303.73 736,721Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 15/12/2025 303,005.32 166,945Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 16/12/2025 628.02 349Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 17/12/2025 97,037.00 54,798Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 18/12/2025 7,643.00 4,266Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 18/12/2025 1,351,773.24 687,345Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust BUY 18/12/2025 1,587,246.63 800,082Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust BUY 18/12/2025 17,785.23 9,832Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust BUY 18/12/2025 463,219.56 272,076Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 19/12/2025 1,421,437.61 677,024Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 19/12/2025 987,722.22 475,000Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 19/12/2025 265,427.69 150,690Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust BUY 19/12/2025 8,548,121.44 4,078,105Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust BUY 19/12/2025 781,539.94 442,931----- End of picture text -----