BEACON LIGHTING GROUP LIMITED — Capital/Financing Update 2023

Feb 15, 2023

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ASX Announcement

16 February 2023

BEACON LIGHTING GROUP LIMITED TO RESUME DIVIDEND REINVESTMENT PLAN

Beacon Lighting Group (BLX) today announced the resumption of its Dividend Reinvestment Plan (DRP) which will be in operation for the FY2023 Interim dividend.

The Plan allows eligible shareholders to reinvest dividends on all or part of their shareholding to acquire additional shares in the Company free of brokerage and transaction costs, and at a 5% discount to market price (until further notice).

The enclosed letter to Shareholders and Dividend Reinvestment Plan Guide sets out a summary of key aspects the Plan and answers some frequently asked questions.

The last date for electing to participate in the DRP is 2 March 2023. Shares issued pursuant to the DRP will rank equally with other shares as from the date of issue. The issue price of shares under the Plan will generally be the average of the daily volume weighted average prices for the Company's shares on ASX on each of the five trading days commencing on the second trading day after the record date (the record date being 3 March 2023) for the relevant dividend minus a discount of 5%. The relevant date for the issue of shares under the DRP and the payment of cash dividends for those shareholders not participating is expected to be March 17, 2023 (rather than March 10[th] as previously advised).

Participation in the Plan is voluntary. If you elect to participate in the Plan now, you may vary or cancel your participation in the future in accordance with the terms and conditions of the Plan.

Any previously advised DRP elections will remain in place and if required to be changed can be done so via logging into www.computershare.com.au/easyupdate/blx.

The full terms and conditions of the Plan can be obtained from the Company's website (www.beaconlightinggroup.com.au). If you have any further questions, you should consult your stockbroker or licensed financial adviser.

For further information please contact:

Glen Robinson or David Speirs Chief Executive Officer Chief Financial Officer Ph: 03 9368 1000 Ph: 03 8561 1555

This update was authorised to be released to the ASX by the Beacon Lighting Group Board of Directors.

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16 February 2023

Dear Shareholder

Dividend Reinvestment Plan Guide

I am pleased to offer you the opportunity to participate in the Beacon Lighting Group Limited Dividend Reinvestment Plan (Plan).

The Plan allows eligible shareholders to reinvest dividends on all or part of their shareholding to acquire additional shares in the Company free of brokerage and transaction costs, and at a 5% discount to market price (until further notice).

Enclosed with this letter is the Dividend Reinvestment Plan Guide which provides a summary of key aspects of the Plan, and an Election Form that must be completed and returned to our share registry in order to participate in the Plan.

Eligible shareholders are shareholders with a registered address in Australia and New Zealand. The Company does not currently intend to extend the Plan to shareholders outside those countries, given the potential complexity and additional costs involved.

The issue price of shares under the Plan will generally be the average of the daily volume weighted average prices for the Company's shares on ASX on each of the five trading days commencing on the second trading day after the record date for the relevant dividend minus a discount of 5%.

Participation in the Plan is voluntary. If you elect to participate in the Plan now, you may vary or cancel your participation in the future in accordance with the terms and conditions of the Plan.

Any previously advised DRP elections will remain in place and if required to be change can be done so via logging into www.computershare.com.au/easyupdate/blx.

If you wish to participate in the Plan, please complete the enclosed Election Form and return it in accordance with the instructions on the form or apply via logging into www.computershare.com.au/easyupdate/blx . To receive shares under the Plan in respect of the interim dividend for the period 25 December 2022, Election Forms must be received by the share registry by no later than 2 March 2023 at the latest.

The full terms and conditions of the Plan can be obtained from the Company's website (www.beaconlightinggroup.com.au). The enclosed Dividend Reinvestment Plan Guide sets out a summary of key aspects the Plan and answers some frequently asked questions. If you have any further questions, you should consult your stockbroker or licensed financial adviser.

On behalf of the Board, I invite you to consider this opportunity to increase your investment in the Company.

Yours faithfully

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Glen Robinson Chief Executive Officer

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Beacon Lighting Group Limited Dividend Reinvestment Plan Guide

Participation in the Dividend Reinvestment Plan (Plan) is subject to the Dividend Reinvestment Plan Rules (Plan Rules) which are available at the Company's website (www.beaconlightinggroup.com.au). These questions and answers are intended only as a summary and guide to the Plan Rules.

You should be aware that this guide has been prepared without taking account your investment objectives, financial situation or needs and does not constitute investment advice to you. We recommend that you review the Plan Rules in full and seek professional tax and financial advice before making your election.

How does the Plan work?

Under the Plan eligible shareholders can choose to reinvest dividends on all, a specified number of their shares, to acquire further fully paid ordinary shares in the Company instead of receiving dividends in cash.

Do I have to participate?

No, participation is entirely optional. If you do not return an Election Form you will continue to receive cash dividends in the usual way.

What will it cost me to participate?

There are no fees for participation. You will not be charged brokerage, commission, transaction or stamp duty costs for any issue or transfer of shares under the Plan. Please refer to the tax summary at the back of this guide.

Who can participate?

All shareholders who are residents of Australia and New Zealand can participate in the Plan. Shareholders with a registered address outside those countries are not currently eligible to participate in the Plan given the potential complexity and additional costs involved.

Can I participate in the Plan for only a portion of my shares?

Yes, you can indicate this on the Election Form. In the case of partial participation, your participation in the Plan will depend on the specified number of your shares you have nominated to participate in the Plan. Your entitlement to cash dividend payments in respect of shares not participating in the Plan will be paid in the normal way.

If you return an Election Form and do not specify partial participation then you will be deemed to have elected full participation.

At what price will shares be issued under the Plan?

Shares will be issued at the Average Market Price, which is the arithmetic average of the daily volume weighted average prices of the Company's shares sold on ASX on each day during the five trading day period that commences on the second trading day after the record date for the relevant dividend minus a discount of 5%. The Board has a discretion to adjust the issue price if it considers that the Average Market Price does not represent the fair market value of shares.

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Is there a discount?

Yes, shares will be issued at a 5% discount to the Average Market Price (referred to above) in relation to the dividend for the period ending 25 December2022. The Board has a discretion to change or remove the discount for future dividends, and if this occurs an announcement will be made to ASX.

When will my shares be issued?

Shares will be issued on or as soon as practicable after the payment date for the relevant dividend.

How many shares will I receive?

The number of shares to be allotted will be the amount of the cash dividend payable on your participating Plan shares, divided by the issue price per share, and rounded down to the nearest whole number if a fractional share would be issued.

If any withholding tax is payable in respect of the dividend or if there is any other amount the Company must retain or withhold (e.g. if you have not provided a Tax File Number), these amounts will be deducted from the dividend before making the calculation.

What happens if the number of shares to be issued is rounded down?

Where there is a residual balance following the calculation of the number of shares to be issued, the residual balance amount will be carried forward and added to your next dividend for reinvestment in further shares under the Plan. This is illustrated in the above example.

However, if you sell all your shares that are participating in the Plan or terminate your participation in the Plan, or the Plan is suspended or terminated by the Board, then the amount of any residual balance held on your behalf will become the property of the Company, and the Company will pay it to a charity of the Board's choice in its discretion.

Can I sell my shares when I choose?

Shares participating in the Plan or acquired under the Plan may be sold at any time.

If you have elected partial participation in the Plan with a fixed number of shares participating, the shares sold will be deducted first from your holding of shares which are not shares participating in the Plan and then from shares that are participating in the Plan.

What happens if I acquire more shares?

If you acquire more shares (including under the Plan) and you have elected for full participation, those shares will also become participating shares in the Plan.

If you have elected partial participation in the Plan with a specified number of shares participating, then any shares you acquire over and above that number (including under the Plan) will not become participating shares in the Plan.

What if my shares are subject to restrictions on sale or transfer?

If you hold ordinary shares in your own name under an employee incentive plan, you can still participate in the Dividend Reinvestment Plan (subject to normal eligibility criteria above).

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What do I have to do to participate?

Any previously advised DRP elections will remain in place and if required to be change can be done so via logging into www.computershare.com.au/easyupdate/blx.

Complete the enclosed Election Form and return to the Share Registry’s office as follows:

By mail: Computershare Investor Services Pty Limited GPO Box 242 Melbourne, Victoria, 3001, Australia

Or update your preferences via logging into www.computershare.com.au/easyupdate/blx

Joint holders : If your shares are held in joint names, all joint holders have to sign the Election Form.

Multiple holdings : If you hold shares in multiple holdings or accounts, you will need to complete an Election Form for each holding.

When will my participation begin?

Subject to eligibility, your participation will begin with the first dividend payment after receipt of your Election Form. This is subject to the form being received by the share registry no later than the next business day after the record date for that dividend (or a later date approved by the Company).

Can I terminate or change my participation?

Yes, at any time. Simply complete and return a new Election From which is available from the share registry (contact details below). The change will be effective from the next dividend after it is received, provided the form is received by the share registry no later than the next business day after the relevant record date for that dividend (or a later date approved by the Company).

How does the Plan affect my tax position?

Please note that neither the Company nor its share registry is in a position to answer enquiries concerning the financial or taxation implications for shareholders. Such enquiries should be addressed to professional accounting or taxation advisers.

The Company does not accept any responsibility for any interpretation of, or application by, shareholders of the general information set out in this document. In particular, this information is relevant only for residents of Australia and cannot be relied upon by non residents of Australia.

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Tax summary to be confirmed with Company and/or accounting advisers

In general for Australian resident tax payers, under current Australian tax legislation, dividends reinvested under the Plan will be assessable for income tax purposes in the same manner as cash dividends. The dividend may also be fully or partly franked under Australia’s dividend imputation system. Any franking credits attached to the dividend also form part of your Australian taxable income. However you are generally entitled to a rebate of tax based on the franking credits attached to the dividend.

For capital gains tax purposes under current Australian tax legislation, shares issued or transferred under the Plan will have a cost base equal to the amount of the cash dividend entitlement which is reinvested. Shareholders may be subject to tax on disposal of the shares depending on the sale proceeds and the cost base of the shares.

Can the Plan be amended?

The Plan may be amended, suspended, recommenced, or terminated by the Board at any time after giving notice to ASX.

How can I get more information?

The Plan Rules are available on the Company's website (www.beaconlightinggroup.com.au). If you require any further information you may wish to contact Computershare Investor Services, the Company's share registry on 1300 850 505 (within Australia) or +61 3 9415 4000 (outside Australia) or online at www.investorcentre.com/contact.

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Return your information:

Online:

www.investorcentre.com/contact

Beacon Lighting Group Limited ABN 90 164 122 785

By Mail:

Computershare Investor Services Pty Limited GPO Box 2975 Melbourne Victoria 3001 Australia

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BLX
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Enquiries:

(within Australia) 1300 850 505 (international) +61 3 9415 4000

Securityholder Reference Number (SRN)

SRN WITHHELD

 For your security keep your SRN/HIN confi dential.

Dividend Reinvestment Plan

Use a black pen. Where a choice is required, Print in CAPITAL letters A B C 1 2 3 mark the box with an ‘X’ X inside the grey areas.

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A Dividend Reinvestment Plan (DRP)
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ALL Please mark this box with an ‘X’ if you wish all of your holding to participate in the company’s DRP. Show the number of securities you wish to PART participate in the company’s DRP.

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B
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Sign Here - This section must be signed for your instructions to be executed.

I/We authorise you to act in accordance with my/our instructions set out above. I/We acknowledge that these instructions supersede and have priority over all previous instructions in respect to my/our securities. Where I/we have indicated participation in the Dividend Reinvestment Plan, I/we hereby agree to be bound by the Terms and Conditions of the Dividend Reinvestment Plan.

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Individual or Securityholder 1 Securityholder 2 Securityholder 3
Director Director/Company Secretary Sole Director and Sole Company Secretary
Date - Day Month Year
Note: When signed under Power of Attorney, the attorney states that
they have not received a notice of revocation. Computershare Investor
Services Pty Limited needs to sight a certified copy of the Power of Attorney.
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B L X

0 1 D I

BLX

Samples/000001/000004/i12

How to complete this form

A Dividend Reinvestment Plan (DRP)

Complete this section if you wish to have your cash dividends reinvested in the form of more company securities.

If you wish to reinvest all of your securities in the company’s DRP, please cross the box marked ALL.

If you wish to reinvest part of your securities in the company’s DRP, please show the number of securities that you wish to participate.

Please note that an election to participate fully in the Dividend Reinvestment Plan will override any instruction on the registry record regarding direct payment of cash dividends into a nominated account.

This instruction only applies to the specific holding identified by the SRN/HIN and the name appearing on the front of this form.

B Signature(s)

If you have chosen to have your cash dividends fully or partially reinvested into company securities and you have completed Section A, you must sign this form as follows in the spaces provided:-

Joint Holding: where the holding is in more than one name, all of the securityholders must sign.

Power of Attorney:

to sign under Power of Attorney, you must have already lodged this document with the registry. If you have not previously lodged this document for notation, please attach a certified photocopy of the Power of Attorney to this form when you return it.

Companies: where the company has a Sole Director who is also the Sole Company Secretary, this form must be signed by that person. If the Company (pursuant to section 204A of the Corporations Act 2001) does not have a Company Secretary, a Sole Director can also sign alone. Otherwise this form must be signed by a Director jointly with either another Director or a Company Secretary. Please indicate the office held by signing in the appropriate place.

Please return the completed form to:

Computershare Investor Services Pty Limited GPO Box 2975 Melbourne VIC 3001 Australia