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CHALLENGER LIMITED Major Shareholding Notification 2021

Oct 4, 2021

64641_rns_2021-10-04_f1153ecc-abac-4fbe-9d05-235fcd5fd458.pdf

Major Shareholding Notification

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Sydney

Level 2, 5 Martin Place Sydney NSW 2000 Australia GPO Box 3698 Sydney NSW 2001 www.challenger.com.au Telephone 02 9994 7000 Facsimile 02 9994 7777

5 October 2021

The Manager Company Announcements Office ASX Limited 20 Bridge Street SYDNEY NSW 2000

By electronic lodgement

Dear Sir/Madam

Re: Notice of initial substantial holder – Universal Store Holdings Limited (UNI)

We attach a notice of initial substantial holder in Universal Store Holdings Limited. This notice is given by Challenger Limited and each of its associated entities named in Annexure 2 to this notice.

Yours faithfully

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Linda Matthews Company Secretary

Melbourne Level 19, 31 Queen Street PO Box 297, Flinders Lane, Melbourne VIC 3000 Telephone 02 9994 7000 Facsimile 02 9994 7777 Brisbane Level 6, 215 Adelaide Street, Brisbane QLD 4000 Telephone 07 3136 5400 Facsimile 07 3136 5407 Perth Level 26, 140 St Georges Terrace, Perth WA 6000 Telephone 08 6466 9613 Adelaide Level 7, Suite 714, 147 Pirie Street, Adelaide SA 5000 Telephone 08 8427 9511

Challenger Limited ABN 85 106 842 371 Challenger Group Services Pty Limited ABN 91 085 657 307 Challenger Life Company Limited ABN 44 072 486 938 AFSL 234670 Challenger Investment Partners Limited ABN 29 092 382 842 AFSL 234 678 Challenger Retirement and Investment Services Limited ABN 80 115 534 453 AFSL295642 RSE Licence No. L0001304 Challenger Mortgage Management Pty Ltd ABN 72 087 271 109 Challenger Securitisation Management Pty Ltd ABN 56 100 346 898 AFSL 244593 Challenger Investment Solutions Management Pty Ltd ABN 63 130 035 353 AFSL 487354

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Form 603 Corporations Act 2001 Section 671B

Notice of initial substantial holder

To
CompanyName/Scheme
Universal Store Holdings Limited
ACN/ARSN 628 836 484
1. Details of substantial holder (1)
Name Challenger Limited(and its entities listed in Annexure 2)
ACN/ARSN (if applicable) 106 842 371
The holder became a substantial holder on 30/09/2021

2. Details of voting power

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:
Class of securities (4)
Number of securities
Person's votes (5) Voting power (6)
Ordinary Fully Paid
Same as persons votes
4,327,942 5.91%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest Holder of relevant interest Nature of relevant interest (7) Nature of relevant interest (7) Class and number of securities Class and number of securities
Challenger Limited (and its entities
listed in Annexure 2)

Ordinary Fully Paid securities
purchased on market by
Challenger Limited (and its
entities listed in Annexure 2) and
obtains a relevant interest by
virtue of section 608(3) of the
Corporations Act 2001 (Cth).
Refer Annexure 1
4. Details of present registered holders
The persons registered as holders of the securities referred to in paragraph 3 above are as follows:
Holder of relevant interest Registered holder of securities Person entitled to be registered as
holder (8)
Class and number of securities
Challenger Limited (and its entities
listed in Annexure 2)
J. P. Morgan Nominees
Australia Pty Limited
J. P. Morgan Nominees Australia Pty
Limited

965,641 (Ordinary Fully Paid)
Challenger Limited (and its entities
listed in Annexure 2)
HSBC Custody Nominees
(Australia) Limited
HSBC Custody Nominees (Australia)
Limited

547,968 (Ordinary Fully Paid)
Challenger Limited (and its entities
listed in Annexure 2)
BNP Paribas Nominees Pty
Limited
BNP Paribas Nominees Pty Limited 1,117,557 (Ordinary Fully
Paid)
Challenger Limited (and its entities
listed in Annexure 2)
Citicorp Nominees Pty Limited Citicorp Nominees Pty Limited 1,696,776 (Ordinary Fully
Paid)

5. Consideration

5. Consideration 5. Consideration 5. Consideration 5. Consideration 5. Consideration
Holder of relevant interest
Cash
Non-cash
Refer Annexure 2
Refer
Annexure 1
Date of acquisition
The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder
became a substantial holder is as follows:
Refer
Annexure 1
Refer
Annexure 1
Consideration (9)
Class and number of securities
Holder of relevant interest Date of acquisition Consideration (9) Class and number of securities
Cash Non-cash
Refer Annexure 2 Refer
Annexure 1
Refer
Annexure 1
Refer
Annexure 1

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows: Name and ACN/ARSN (if applicable) Nature of association N/A N/A 7. Addresses The addresses of persons named in this form are as follows: Name Address Challenger Limited (and its entities Level 2, 5 Martin Place, Sydney NSW 2000 listed in Annexure 2) Signature print name Linda Matthews capacity Company Secretary sign here date 05/10/2021

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 7 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 section s608 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 total number of votes attached to all the voting shares in the company or voting interests in thescheme (if any) that the person or an associate has a relevant interest in.

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

(7) Include details of:

(a) any relevant agreement or other circumstances by which the relevant interest was acquired. 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.

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

Annexure 1 consists of 1 page and is referred to in Form 603 signed by me and dated 05/10/2021

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Linda Matthews Company Secretary of Challenger Limited

Transactions: Company Name/Scheme: Universal Store Holdings Limited (UNI) As at: 30/09/2021 Class of security: Ordinary Fully Paid

Date of Change Holder of relevant interest Nature of Change Consideration Number of
Securities
Person's Votes
Affected
13/07/2021 Challenger Limited (and its
entities listed in Annexure 2)
Buy 28,105 4,022 4,022
13/07/2021 As above Buy 54,337 7,776 7,776
14/07/2021 As above Buy 210,390 30,069 30,069
14/07/2021 As above Buy 406,751 58,133 58,133
15/07/2021 As above Buy 98,878 14,127 14,127
15/07/2021 As above Buy 191,169 27,313 27,313
27/07/2021 As above Buy 477,274 68,182 68,182
27/07/2021 As above Buy 922,726 131,818 131,818
28/07/2021 As above Buy 14,174 2,089 2,089
28/07/2021 As above Buy 27,398 4,038 4,038
06/08/2021 As above Buy 477,274 68,182 68,182
06/08/2021 As above Buy 922,726 131,818 131,818
26/08/2021 As above Buy 343,606 47,723 47,723
26/08/2021 As above Buy 656,395 91,166 91,166
07/09/2021 As above Buy 141,381 19,358 19,358
07/09/2021 As above Buy 126,577 17,331 17,331
07/09/2021 As above Buy 258,244 35,359 35,359
07/09/2021 As above Buy 233,427 31,961 31,961
08/09/2021 As above Buy 98,210 13,272 13,272
08/09/2021 As above Buy 88,169 11,915 11,915
08/09/2021 As above Buy 179,897 24,311 24,311
08/09/2021 As above Buy 162,907 22,015 22,015
09/09/2021 As above Buy 16,406 2,217 2,217
09/09/2021 As above Buy 14,733 1,991 1,991
09/09/2021 As above Buy 30,059 4,062 4,062
09/09/2021 As above Buy 27,232 3,680 3,680
13/09/2021 As above Buy 500,874 66,809 66,809
13/09/2021 As above Buy 278,370 37,116 37,116
13/09/2021 As above Buy 449,301 59,930 59,930
13/09/2021 As above Buy 249,713 33,295 33,295
13/09/2021 As above Buy 916,251 122,214 122,214
13/09/2021 As above Buy 509,220 67,896 67,896
13/09/2021 As above Buy 832,530 111,047 111,047
13/09/2021 As above Buy 462,698 61,693 61,693
15/09/2021 As above Buy 665,741 85,902 85,902
15/09/2021 As above Buy 1,271,760 164,098 164,098
16/09/2021 As above Buy 266,298 34,361 34,361
16/09/2021 As above Buy 508,702 65,639 65,639
20/09/2021 As above Buy 46,290 6,298 6,298
20/09/2021 As above Buy 41,498 5,646 5,646
20/09/2021 As above Buy 84,599 11,510 11,510
20/09/2021 As above Buy 77,616 10,560 10,560
21/09/2021 As above Buy 13,690 1,850 1,850
21/09/2021 As above Buy 12,277 1,659 1,659
21/09/2021 As above Buy 25,019 3,381 3,381
21/09/2021 As above Buy 23,014 3,110 3,110
30/09/2021 As above Buy 3,619,699 464,064 464,064
30/09/2021 As above Buy 3,246,368 416,201 416,201
30/09/2021 As above Buy 6,620,827 848,824 848,824
30/09/2021 As above Buy 6,013,106 770,911 770,911
Total Number of Securities
4,327,942

Page 1 of 1

Annexure 2

This is page 1 of 4 of Annexure 2 referred to in ASIC Form 603 - becoming a substantial holder

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Linda Matthews - Company Secretary of Challenger Limited

05/10/2021

Company Name ACN / Country of
Company Number Incorporation
Challenger Limited 106842371 Australia
255 Finance Group Pty Ltd 628853056 Australia
255 Finance Investments Pty Ltd 164516401 Australia
255 Finance Pty Ltd 168112507 Australia
255 Finance Services Pty Ltd 168107355 Australia
Accurium Holdings Pty Ltd 158242936 Australia
Accurium Pty Ltd 009492219 Australia
Alphinity Investment Management Pty Ltd 140833709 Australia
Appia Europe Limited 6490323 United Kingdom
Appia Group Limited 99865 Jersey
Ardea Investment Management Pty Ltd 132902722 Australia
Ares Australia Management Pty Limited 636490732 Australia
Assetsecure Pty. Limited 110953618 Australia
Bentham Asset Management Pty Ltd 140833674 Australia
CDPG Australia Pty Limited 124498095 Australia
CDPG Luxembourg Holdings Sarl B127717 Luxembourg
CDPG Luxembourg II S.a.r.l B127580 Luxembourg
CDPG Luxembourg Sarl B127515 Luxembourg
CDPG Malta Limited C41110 Malta
Cescade Pty Limited 096097399 Australia
Challenger Direct Pty Ltd 006475501 Australia
Challenger Diversified Property Development Pty Limited 121624833 Australia
Challenger Emerging Market Infrastructure Fund Pte. Ltd 200804361D Singapore
Challenger Emerging Market Infrastructure Fund, L.P. Cayman Islands
Challenger Financial Services Pty Limited 087464131 Australia
Challenger FM 2 Holdings Pty Limited 080036657 Australia
Challenger Funds Management (Asia) Pte Ltd 202113533D Singapore
Challenger Funds Management Holdings Pty Limited 107728030 Australia
Challenger Group Holdings Limited 002993302 Australia
Challenger Group Pty Limited 003374196 Australia
Challenger Group Services Pty. Ltd. 085657307 Australia
Challenger Holdco1 Holdings Pty Ltd 645868659 Australia
Challenger Holdco2 Holdings Pty Ltd 646761275 Australia
Challenger Home Loan Corporation Pty Ltd 058891302 Australia
Challenger Inventory Finance Servicing Pty Limited 107706810 Australia
Challenger Investment Partners Limited 092382842 Australia
Challenger Investment Solutions Management Pty Ltd 130035353 Australia
Challenger Japan Holdings Kabushiki Kaisha 0100-01-182399 Japan
Challenger Japan Holdings Pty Limited 617208205 Australia
Challenger Japan Kabushiki Kaisha 0100-01-182920 Unknown

Annexure 2

This is page 2 of 4 of Annexure 2 referred to in ASIC Form 603 - becoming a substantial holder

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Linda Matthews - Company Secretary of Challenger Limited

05/10/2021

Company Name ACN / Country of
Company Number Incorporation
Challenger Kabushiki Kaisha 0100-01-182872 Unknown
Challenger LBC Terminals Holding Company Limited C41149 Malta
Challenger Life CDI Nominees Pty Ltd 055293644 Australia
Challenger Life Company Holdings Pty Ltd 006381193 Australia
Challenger Life Company Limited 072486938 Australia
Challenger Life Debt Investments (Europe) Limited 7626067 United Kingdom
Challenger Life Fund Property Investments Pty Ltd 161212693 Australia
Challenger Life Investments UK Limited 6067787 United Kingdom
Challenger Life Nominees No.2 Pty Ltd 078627013 Australia
Challenger Life Nominees No.3 Pty Limited 151482147 Australia
Challenger Life Nominees Pty Ltd 091336793 Australia
Challenger Life Subsidiary Holdings Pty Limited 099742122 Australia
Challenger Managed Investments (International) Pty Limited 120871212 Australia
Challenger Management Services (UK) Limited 6393787 United Kingdom
Challenger Margin Lending Pty Ltd 091338822 Australia
Challenger MBK Emerging Market Infrastructure Fund GP Ltd WK-209744 Cayman Islands
Challenger Mortgage Management Pty Ltd 087271109 Australia
Challenger Non-conforming Finance Pty Ltd 107725486 Australia
Challenger Originator Finance Pty Ltd 095085466 Australia
Challenger Property Asset Management Pty Ltd 077569021 Australia
Challenger Retirement and Investment Services Limited 115534453 Australia
Challenger Securitisation Management Pty Ltd 100346898 Australia
Challenger Skybridge (Group) Holding Company Pty Ltd 130888327 Australia
Challenger Skybridge (Hastings) Holding Company Pty Ltd 130888274 Australia
Challenger Special Servicing Pty Ltd 107707415 Australia
Challenger Treasury Limited 093307996 Australia
Challenger Wholesale Finance Holdings Pty Limited 087284240 Australia
Challenger Wind Holdings Pty Limited 151496061 Australia
CLS US Holdings, LLC 5302598 United States
CPHIC Investments Pty Ltd 093340526 Australia
CSPP1 Maitland Pty Ltd 122460968 Australia
CSPP1 Mavis Court Pty Ltd 122461983 Australia
Eiger Capital Pty Limited 631838607 Australia
Fidante Partners (Guernsey) Limited 40288 Guernsey
Fidante Partners AAM Holdings Pty Limited 636490189 Australia
Fidante Partners Alphinity Holdings Pty Ltd 140716016 Australia
Fidante Partners Ardea Holdings Pty Ltd 133865853 Australia
Fidante Partners Arete Holdings Pty Ltd 143836373 Australia
Fidante Partners Avenir Capital Holdings Pty Ltd 616504502 Australia
Fidante Partners Bentham Holdings Pty Ltd 140715573 Australia
Fidante Partners Eiger Holdings Pty Limited 631837360 Australia
Fidante Partners Europe Limited 4040660 United Kingdom
Fidante Partners FME Holdings Limited 11410594 United Kingdom

Annexure 2

This is page 3 of 4 of Annexure 2 referred to in ASIC Form 603 - becoming a substantial holder

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Linda Matthews - Company Secretary of Challenger Limited

05/10/2021

Company Name ACN / Country of
Company Number Incorporation
Fidante Partners Holdings (Guernsey) Limited 43315 Guernsey
Fidante Partners Holdings Europe Limited 6172534 United Kingdom
Fidante Partners Holdings Pty Limited 123318650 Australia
Fidante Partners Kapstream Holdings Pty Limited 123319460 Australia
Fidante Partners Latigo Holdings LLC 5651705 Unknown
Fidante Partners Lennox Holdings Pty Limited 616975565 Australia
Fidante Partners Limited 002835592 Australia
Fidante Partners Merlon Holdings Pty Ltd 140715662 Australia
Fidante Partners Metisq Holdings Pty Ltd 143376961 Australia
Fidante Partners Novaport Holdings Pty Ltd 140715797 Australia
Fidante Partners Ox Holdings Pty Ltd 649174087 Australia
Fidante Partners R&M Holdings Pty Limited 152375436 Australia
Fidante Partners Services Limited 119605373 Australia
Fidante Partners Tempo Holdings Pty Ltd 167321262 Australia
Fidante Partners USA LLC 81-4925448 United States
Fidante Partners Wavestone Holdings Pty Limited 133626276 Australia
Fidante Partners Whitehelm Holdings Pty Ltd 169043903 Australia
Fidante Partners Wyetree Limited 9387239 United Kingdom
Gasvalpo S.A. 96.960.800-6 Chile
Greencape Capital Pty Ltd 120328529 Australia
GV Cayman Company Limited OG-206918 Cayman Islands
GV Chile Holding Limitada 124311723611675 Chile
GV Chile Limitada 124301725311696 Chile
GV Jersey Holding Company Limited 100293 Jersey
GV Jersey Trustee Company Limited 100294 Jersey
GV Jersey Trustee Company No. 2 Limited 100367 Jersey
Howard Commercial Lending Pty Ltd 000033143 Australia
Kudu Investment Partners I, Lp 47-2497501 Unknown
Lanv Pty Ltd 147224502 Australia
Lease Collateral No.2 Pty Ltd 168112481 Australia
Lease Collateral Pty Ltd 168112472 Australia
Lease Funding Management Pty Ltd 168112490 Australia
Lennox Capital Partners Pty Limited 617001966 Australia
Maitland Nominee Holdings Pty Limited 122853114 Australia
Mawbury Pty Limited 096097479 Australia
Merlon Capital Partners Pty Ltd 140833683 Australia
Metisq Capital Holdings Pty Ltd 158011351 Australia
Metisq Capital Pty Ltd 104642613 Australia
MIR Libra Capital Management Ltd 236748 Cayman Islands
MyLifeMyFinance Limited 087651750 Australia

Annexure 2

This is page 4 of 4 of Annexure 2 referred to in ASIC Form 603 - becoming a substantial holder

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Linda Matthews - Company Secretary of Challenger Limited

05/10/2021

Company Name ACN / Country of
Company Number Incorporation
Novaport Capital Pty Ltd 140833656 Australia
Oaklands Hill Pty Ltd 149814559 Australia
Oaklands Hill Wind Farm Pty Ltd 126595935 Australia
Offshore Reinsurer (Bermuda) Company Limited 51746 Bermuda
Ox Capital Management Pty Ltd 648887914 Australia
Residential Real Estate Total Return Opportunities Fund Ltd. 212456 Cayman Islands
Residential Real Estate Total Return Opportunities Master Fund L.P27263 Cayman Islands
Sabrand Limited 126677 Cyprus
The Liberty Group Consortium Pty Ltd 082564289 Australia
TLG Services Pty Limited 092500608 Australia
TLGH Pty Limited 092927467 Australia
TRE Data Centres Canberra Pty Ltd 141881227 Australia
US LLC Holdings Pty Ltd 130888292 Australia
US LLC Investments LLC 36-4811214 Unknown
Waterford County Pty Limited 122853089 Australia
Wavestone Capital Pty Limited 120179419 Australia
Welcome Break Group Limited 3147949 United Kingdom
Welcome Break Holdings (1) Limited 4099287 United Kingdom
Welcome Break Holdings (2) Limited 4379574 United Kingdom
Welcome Break Holdings Limited 3290817 Cayman Islands
Welcome Break Limited 1735476 United Kingdom
Welcome Break No.1 Limited 8331837 United Kingdom
Welcome Break No.2 Limited 8331870 United Kingdom
Welcome Break Services Limited 4099292 United Kingdom
Whitehelm Capital Pty Ltd 008636717 Australia