BAPCOR LIMITED — Major Shareholding Notification 2025

Apr 1, 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 31 / 03 / 2025 The previous notice was given to the company on 15 / 11 / 2024 The previous notice was dated 15 / 11 / 2024

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 ordinary shares	29,154,188	8.590%	32,737,432	9.645%

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:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
Refer to Annexure A

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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Holder of Registered holder Person entitled to Nature of relevant Class and number Person's votes
relevant of securities be registered as interest (6) of securities
interest holder (8)
Australian Power to
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Holder of relevant interest Registered holder of securities Person entitled to be registered as holder (8) Nature of relevant interest (6) Class and number of securities Person's votes	Holder of relevant interest Registered holder of securities Person entitled to be registered as holder (8) Nature of relevant interest (6) Class and number of securities Person's votes	Holder of relevant interest Registered holder of securities Person entitled to be registered as holder (8) Nature of relevant interest (6) Class and number of securities Person's votes	Holder of relevant interest Registered holder of securities Person entitled to be registered as holder (8) Nature of relevant interest (6) Class and number of securities Person's votes	Holder of relevant interest Registered holder of securities Person entitled to be registered as holder (8) Nature of relevant interest (6) Class and number of securities Person's votes	Holder of relevant interest Registered holder of securities Person entitled to be registered as holder (8) Nature of relevant interest (6) Class and number of securities Person's votes
Australian			Power to
Retirement Trust Pty LTD ATF Australian Retirement Trust	HSBC Custody Nominees (Australia) Ltd		exercise voting rights pursuant to position held as trustee of a superannuation	Fully paid ordinary shares 32,737,432	32,737,432

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, the ubstantial 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, the ubstantial holder in relation to voting interests in the company or scheme are as follows:
Name and ACN/ARSN (if applicable) Nature of association
Not Applicable Not 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:
Name Address
Australian Retirement Trust Pty LTD ATF Australian Retirement Trust 266 George Street, Brisbane QLD 4000

Signature

print name sign here	Kristy Huxtable capacity Company Secretary
	date 02/04/2025

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 interest of substantial holder.

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Kristy Huxtable
Company Secretary Date: 2/04/2025
Consideration Consideration Number of
Holder of Relevant Interest Purchase/Sale Trade Date
(Cash) (Non-Cash) Securities
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 14/11/2024 16,394,454.00 3,595,275
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust BUY 14/11/2024 16,394,454.00 3,595,275
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust BUY 25/11/2024 1,361,568.88 300,000
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust BUY 5/12/2024 5,239,775.60 1,142,792
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust BUY 9/12/2024 989,322.58 216,661
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust BUY 10/12/2024 390,901.29 83,339
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust BUY 23/12/2024 44,988.84 10,000
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust BUY 31/01/2025 235,660.36 47,996
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust BUY 7/02/2025 226,513.32 48,092
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 10/02/2025 127,810.48 26,388
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 20/02/2025 386,669.84 80,532
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 21/02/2025 116,988.97 25,054
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 21/02/2025 53,753.58 11,457
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 24/02/2025 152,488.50 33,175
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 25/02/2025 8,768.29 1,935
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 25/02/2025 234,944.90 51,972
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 26/02/2025 61,082.12 13,523
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 26/02/2025 93,059.97 20,482
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 27/02/2025 33,130.57 7,398
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 27/02/2025 432,089.16 96,244
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 28/02/2025 508,748.99 99,910
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 28/02/2025 308,152.81 59,601
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 28/02/2025 277,647.51 54,091
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 3/03/2025 263,267.28 49,229
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 3/03/2025 1,523,680.05 285,508
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 3/03/2025 318,739.62 59,903
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 4/03/2025 234,665.06 44,901
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 5/03/2025 91,008.50 17,611
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 6/03/2025 104,247.39 20,350
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 10/03/2025 199,604.49 39,184
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 12/03/2025 123,151.86 24,293
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 13/03/2025 148,625.96 29,577
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 14/03/2025 258,314.24 51,745
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 18/03/2025 56,613.35 11,645
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 19/03/2025 149,594.22 30,039
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 19/03/2025 34,085.92 6,932
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 20/03/2025 204,453.37 40,820
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 21/03/2025 32,787.09 6,597
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 21/03/2025 133,138.48 26,918
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 24/03/2025 29,188.54 5,813
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 25/03/2025 202,665.47 40,459
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 26/03/2025 38,679.61 7,822
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 27/03/2025 70,544.10 14,231
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust SELL 28/03/2025 99,022.52 20,127
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust BUY 28/03/2025 522,747.55 107,783
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust BUY 31/03/2025 14,105,205.60 3,039,915
Australian Retirement Trust Pty Ltd ATF Australian Retirement Trust BUY 31/03/2025 9,892.48 2,132
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