CHALLENGER LIMITED — Major Shareholding Notification 2021

May 11, 2021

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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

12 May 2021

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

By electronic lodgement

Dear Sir/Madam

Re: Notice of change of interests of substantial holder – IRESS Limited (IRE)

We attach a notice of change of interests of substantial holder in IRESS Limited (ACN 060 313 359). 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 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

IRESS Limited

ACN/ARSN 060 313 359 1. Details of substantial holder(1) Name Challenger Limited (and its entities listed in Annexure 2) ACN/ARSN (if applicable) 106 842 371 There was a change in the interests of the substantial holder on 10/05/2021 The previous notice was given to the company on 13/10/2020 The previous notice was dated 13/10/2020

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:

Classof securities (4)	Previous notice	Previous notice	Present notice	Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary Fully Paid	17,681,049	9.15%	15,627,020	8.07%

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 Annexure 1	Challenger Limited (and its entities listed in Annexure 2)	Refer Annexure 1	Refer Annexure 1	Refer Annexure 1	Refer Annexure 1

4. Present relevant interests

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

Holder of relevant	Registered holder of	Person entitled to be	**Nature of relevant interest (6) **	Class and number of	Person's votes
interest	securities	registered as holder		securities
		(8)
Challenger Limited (and	Citicorp Nominees Pty	Citicorp Nominees Pty	Ordinary Fully Paid	4,593,055 (Ordinary	4,593,055
its entities listed in	Limited	Limited	securities purchased and	Fully Paid)
Annexure 2)			sold on market and sold (via
			off market transfer) by
			Challenger Limited (and its
			entities listed in Annexure 2)
Challenger Limited (and	HSBC Custody	HSBC Custody	As above	8,514,932 (Ordinary	8,514,932
its entities listed in	Nominees (Australia)	Nominees (Australia)		Fully Paid)
Annexure 2)	Limited	Limited
Challenger Limited (and	National Nominees	National Nominees	As above	1,045,690 (Ordinary	1,045,690
its entities listed in	Limited	Limited		Fully Paid)
Annexure 2)
Challenger Limited (and	J. P. Morgan Nominees	J. P. Morgan	As above	1,473,343 (Ordinary	1,473,343
its entities listed in	Australia Pty Limited	Nominees Australia		Fully Paid)
Annexure 2)		Pty Limited

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:

Name and ACN/ARSN(if applicable)	Nature of association
N/A	N/A
6. 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	12/05/2021
	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 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 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.

Annexure 1 consists of 4 page/s and is referred to in Form 604 signed by me and dated 12/05/2021

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Linda Matthews Company Secretary of Challenger Limited

Transactions: Company Name/Scheme: IRESS Limited (IRE) As at: 10/05/2021 Class of security: Ordinary Fully Paid

Date of Change	Holder of relevant interest	Nature of Change	Consideration	Number of Securities	Person's Votes Affected
22/10/2020	Challenger Limited (and its entities listed in Annexure 2)	Sell	328,653	-33,200	33,200
30/10/2020	As above	Buy	481,823	52,400	52,400
03/11/2020	As above	Sell	305,347	-33,768	33,768
03/11/2020	As above	Sell	327,628	-36,232	36,232
04/11/2020	As above	Sell	347,599	-38,593	38,593
04/11/2020	As above	Sell	372,945	-41,407	41,407
20/11/2020	As above	Buy	122,295	12,500	12,500
26/11/2020	As above	Sell	609,162	-57,300	57,300
01/12/2020	As above	Buy	838,711	80,100	80,100
03/12/2020	As above	Sell	325,085	-32,000	32,000
03/12/2020	As above	Sell	14,222	-1,400	1,400
03/12/2020	As above	Sell	72,128	-7,100	7,100
03/12/2020	As above	Sell	104,637	-10,300	10,300
03/12/2020	As above	Sell	142,225	-14,000	14,000
03/12/2020	As above	Sell	233,655	-23,000	23,000
03/12/2020	As above	Sell	187,940	-18,500	18,500
03/12/2020	As above	Sell	238,734	-23,500	23,500
11/12/2020	As above	Sell- transfer	770,457	-75,535	75,535
14/12/2020	As above	Buy	34,960	3,507	3,507
14/12/2020	As above	Sell	53,964	-5,405	5,405
14/12/2020	As above	Sell	4,832	-484	484
14/12/2020	As above	Sell	26,577	-2,662	2,662
14/12/2020	As above	Sell	122,953	-12,315	12,315
14/12/2020	As above	Sell	27,656	-2,770	2,770
14/12/2020	As above	Sell	123,482	-12,368	12,368
14/12/2020	As above	Sell	38,658	-3,872	3,872
15/12/2020	As above	Buy	66,792	6,686	6,686
30/12/2020	As above	Buy	104,164	9,625	9,625
30/12/2020	As above	Buy	10,162	939	939
30/12/2020	As above	Buy	5,086	470	470
30/12/2020	As above	Buy	34,728	3,209	3,209
30/12/2020	As above	Buy	1,699	157	157
27/01/2021	As above	Sell	144,954	-14,198	14,198
27/01/2021	As above	Sell	13,946	-1,366	1,366
27/01/2021	As above	Sell	72,477	-7,099	7,099
27/01/2021	As above	Sell	304,151	-29,791	29,791
27/01/2021	As above	Sell	64,596	-6,327	6,327
27/01/2021	As above	Sell	294,146	-28,811	28,811
27/01/2021	As above	Sell	72,477	-7,099	7,099
27/01/2021	As above	Sell	170,733	-16,723	16,723
27/01/2021	As above	Sell	182,862	-17,911	17,911
27/01/2021	As above	Sell	151,928	-14,881	14,881
27/01/2021	As above	Sell	103,708	-10,158	10,158
28/01/2021	As above	Sell	22,764	-2,291	2,291
28/01/2021	As above	Sell	2,186	-220	220
28/01/2021	As above	Sell	11,377	-1,145	1,145
28/01/2021	As above	Sell	47,774	-4,808	4,808
28/01/2021	As above	Sell	10,145	-1,021	1,021

Page 1 of 4

Date of Change	Holder of relevant interest	Nature of Change	Consideration	Number of Securities	Person's Votes Affected
28/01/2021	As above	Sell	46,204	-4,650	4,650
28/01/2021	As above	Sell	11,377	-1,145	1,145
28/01/2021	As above	Sell	26,808	-2,698	2,698
28/01/2021	As above	Sell	28,716	-2,890	2,890
28/01/2021	As above	Sell	23,857	-2,401	2,401
28/01/2021	As above	Sell	16,286	-1,639	1,639
04/02/2021	As above	Sell	95,421	-9,355	9,355
04/02/2021	As above	Sell	206,963	-20,368	20,368
04/02/2021	As above	Sell	9,313	-913	913
04/02/2021	As above	Sell	20,200	-1,988	1,988
04/02/2021	As above	Sell	50,439	-4,945	4,945
04/02/2021	As above	Sell	109,395	-10,766	10,766
04/02/2021	As above	Sell	208,100	-20,402	20,402
04/02/2021	As above	Sell	451,391	-44,423	44,423
04/02/2021	As above	Sell	43,166	-4,232	4,232
04/02/2021	As above	Sell	93,625	-9,214	9,214
04/02/2021	As above	Sell	188,557	-18,486	18,486
04/02/2021	As above	Sell	409,019	-40,253	40,253
04/02/2021	As above	Sell	42,707	-4,187	4,187
04/02/2021	As above	Sell	92,640	-9,117	9,117
04/02/2021	As above	Sell	103,591	-10,156	10,156
04/02/2021	As above	Sell	224,705	-22,114	22,114
04/02/2021	As above	Sell	101,776	-9,978	9,978
04/02/2021	As above	Sell	220,762	-21,726	21,726
04/02/2021	As above	Sell	88,373	-8,664	8,664
04/02/2021	As above	Sell	191,691	-18,865	18,865
04/02/2021	As above	Sell	68,156	-6,682	6,682
04/02/2021	As above	Sell	147,835	-14,549	14,549
15/02/2021	As above	Sell	9,023	-900	900
19/02/2021	As above	Buy	287,682	28,816	28,816
19/02/2021	As above	Buy	279,246	27,971	27,971
19/02/2021	As above	Buy	28,113	2,816	2,816
19/02/2021	As above	Buy	140,556	14,079	14,079
19/02/2021	As above	Buy	617,523	61,855	61,855
19/02/2021	As above	Buy	129,315	12,953	12,953
19/02/2021	As above	Buy	544,435	54,534	54,534
19/02/2021	As above	Buy	200,527	20,086	20,086
22/02/2021	As above	Buy	300,261	31,019	31,019
22/02/2021	As above	Buy	290,639	30,025	30,025
22/02/2021	As above	Buy	28,875	2,983	2,983
22/02/2021	As above	Buy	147,241	15,211	15,211
22/02/2021	As above	Buy	644,788	66,611	66,611
22/02/2021	As above	Buy	134,735	13,919	13,919
22/02/2021	As above	Buy	567,804	58,658	58,658
22/02/2021	As above	Buy	208,834	21,574	21,574
23/02/2021	As above	Buy	93,663	9,887	9,887
23/02/2021	As above	Buy	90,735	9,578	9,578
23/02/2021	As above	Buy	9,075	958	958
23/02/2021	As above	Buy	45,661	4,820	4,820
23/02/2021	As above	Buy	201,080	21,226	21,226
23/02/2021	As above	Buy	42,147	4,449	4,449
23/02/2021	As above	Buy	176,791	18,662	18,662
23/02/2021	As above	Buy	64,977	6,859	6,859
24/02/2021	As above	Buy	155,049	16,815	16,815
24/02/2021	As above	Buy	35,214	3,836	3,836
24/02/2021	As above	Buy	150,208	16,290	16,290
24/02/2021	As above	Buy	34,113	3,716	3,716
24/02/2021	As above	Buy	15,012	1,628	1,628
24/02/2021	As above	Buy	3,415	372	372
24/02/2021	As above	Buy	75,584	8,197	8,197
24/02/2021	As above	Buy	17,167	1,870	1,870
24/02/2021	As above	Buy	332,874	36,100	36,100

Page 2 of 4

Date of Change	Holder of relevant interest	Nature of Change	Consideration	Number of Securities	Person's Votes Affected
24/02/2021	As above	Buy	75,616	8,237	8,237
24/02/2021	As above	Buy	69,775	7,567	7,567
24/02/2021	As above	Buy	15,845	1,726	1,726
24/02/2021	As above	Buy	292,653	31,738	31,738
24/02/2021	As above	Buy	66,472	7,241	7,241
24/02/2021	As above	Buy	107,562	11,665	11,665
24/02/2021	As above	Buy	24,437	2,662	2,662
02/03/2021	As above	Sell	277,719	30,376 -	30,376
02/03/2021	As above	Sell	126,069	13,789 -	13,789
03/03/2021	As above	Sell	250,392	27,512 -	27,512
03/03/2021	As above	Sell	113,656	12,488 -	12,488
24/03/2021	As above	Sell	266,951	28,756 -	28,756
24/03/2021	As above	Sell	73,339	7,900 -	7,900
24/03/2021	As above	Sell	147,764	15,917 -	15,917
24/03/2021	As above	Sell	142,639	15,365 -	15,365
24/03/2021	As above	Sell	155,051	16,702 -	16,702
24/03/2021	As above	Sell	243,631	26,244 -	26,244
25/03/2021	As above	Sell	179,648	19,300 -	19,300
25/03/2021	As above	Sell	361,931	38,883 -	38,883
25/03/2021	As above	Sell	349,383	37,535 -	37,535
25/03/2021	As above	Sell	379,756	40,798 -	40,798
12/04/2021	As above	Sell	240,716	25,756 -	25,756
12/04/2021	As above	Sell	263,628	28,200 -	28,200
12/04/2021	As above	Sell	245,276	26,244 -	26,244
21/04/2021	As above	Sell	580,687	58,089 -	58,089
21/04/2021	As above	Sell- transfer	945,250	95,000 -	95,000
21/04/2021	As above	Sell	452,572	45,273 -	45,273
21/04/2021	As above	Sell	49,083	4,910 -	4,910
21/04/2021	As above	Sell	216,304	21,638 -	21,638
21/04/2021	As above	Sell	138,522	13,857 -	13,857
21/04/2021	As above	Sell	133,113	13,316 -	13,316
21/04/2021	As above	Sell	741,660	74,192 -	74,192
21/04/2021	As above	Sell	71,545	7,157 -	7,157
21/04/2021	As above	Sell	115,640	11,568 -	11,568
22/04/2021	As above	Sell	222,522	22,349 -	22,349
22/04/2021	As above	Sell	348,540	34,854 -	34,854
22/04/2021	As above	Sell	277,578	28,000 -	28,000
22/04/2021	As above	Sell	173,426	17,418 -	17,418
22/04/2021	As above	Sell	271,640	27,164 -	27,164
22/04/2021	As above	Sell	18,808	1,889 -	1,889
22/04/2021	As above	Sell	29,460	2,946 -	2,946
22/04/2021	As above	Sell	82,890	8,325 -	8,325
22/04/2021	As above	Sell	129,830	12,983 -	12,983
22/04/2021	As above	Sell	53,079	5,331 -	5,331
22/04/2021	As above	Sell	83,140	8,314 -	8,314
22/04/2021	As above	Sell	51,008	5,123 -	5,123
22/04/2021	As above	Sell	79,890	7,989 -	7,989
22/04/2021	As above	Sell	284,224	28,546 -	28,546
22/04/2021	As above	Sell	445,150	44,515 -	44,515
22/04/2021	As above	Sell	27,421	2,754 -	2,754
22/04/2021	As above	Sell	42,940	4,294 -	4,294
22/04/2021	As above	Sell	44,307	4,450 -	4,450
22/04/2021	As above	Sell	69,410	6,941 -	6,941
22/04/2021	As above	Sell	594,810	60,000 -	60,000
23/04/2021	As above	Sell	242,847	24,308 -	24,308
23/04/2021	As above	Sell	189,268	18,945 -	18,945
23/04/2021	As above	Sell	20,530	2,055 -	2,055
23/04/2021	As above	Sell	90,453	9,054 -	9,054
23/04/2021	As above	Sell	57,924	5,798 -	5,798
23/04/2021	As above	Sell	55,667	5,572 -	5,572
23/04/2021	As above	Sell	310,172	31,047 -	31,047
23/04/2021	As above	Sell	29,921	2,995 -	2,995
23/04/2021	As above	Sell	48,364	4,841 -	4,841
27/04/2021	As above	Sell	203,102	20,000 -	20,000
27/04/2021	As above	Sell	406,204	40,000 -	40,000
28/04/2021	As above	Sell	151,659	15,000 -	15,000
28/04/2021	As above	Sell	303,318	30,000 -	30,000
30/04/2021	As above	Sell	184,996	18,333 -	18,333
30/04/2021	As above	Sell	370,003	36,667 -	36,667
03/05/2021	As above	Sell	82,494	8,333 -	8,333
03/05/2021	As above	Sell	164,998	16,667 -	16,667
04/05/2021	As above	Sell	380,166	38,334 -	38,334
04/05/2021	As above	Sell	760,312	76,666 -	76,666

Page 3 of 4

Date of Change	Holder of relevant interest	Nature of Change	Consideration	Number of Securities	Person's Votes Affected
05/05/2021	As above	Sell	499,900	50,000 -	50,000
05/05/2021	As above	Sell	999,800	100,000 -	100,000
10/05/2021	As above	Sell	997,000	100,000 -	100,000
10/05/2021	As above	Sell	1,994,000	200,000 -	200,000
					-
			Total Number of Securities	-2,054,029

Page 4 of 4

Annexure 2

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==> picture [119 x 50] intentionally omitted <==

Linda Matthews - Company Secretary of Challenger Limited�

12/05/20�1

Linda Matthews - Company Secretary of Challenger Limited 12/05/20�1
Company Name	ACN / Company No.	Country of Incorporation
255 FINANCE GROUP PTY LTD	628 853 056	AUSTRALIA
255 FINANCE INVESTMENTS PTY LTD	164 516 401	AUSTRALIA
255 FINANCE PTY LTD	168 112 507	AUSTRALIA
ACCURIUM HOLDINGS PTY LTD	158 242 936	AUSTRALIA
ACCURIUM PTY LTD	009 492 219	AUSTRALIA
APPIA EUROPE LIMITED	6490323	ENGLAND/WALES
APPIA GROUP LIMITED	99865	JERSEY
CDPG AUSTRALIA PTY LIMITED	124 498 095	AUSTRALIA
CDPG LUXEMBOURG HOLDINGS SARL	B 127717	LUXEMBOURG
CDPG LUXEMBOURG II SARL	B 127580	LUXEMBOURG
CDPG LUXEMBOURG SARL	B 127515	LUXEMBOURG
CDPG MALTA LIMITED	C 41110	MALTA
CESCADE PTY LIMITED	096 097 399	AUSTRALIA
CHALLENGER DIRECT PTY LTD	006 475 501	AUSTRALIA
CHALLENGER DIVERSIFIED PROPERTY DEVELOPMENT PTY LIMITED	121 624 833	AUSTRALIA
CHALLENGER EMERGING MARKET INFRASTRUCTURE FUND PTE. LTD	200804361D	SINGAPORE
CHALLENGER EMERGING MARKET INFRASTRUCTURE FUND, L.P.		CAYMAN ISLANDS
CHALLENGER FINANCIAL SERVICES PTY LIMITED	087 464 131	AUSTRALIA
CHALLENGER FM 2 HOLDINGS PTY LIMITED	080 036 657	AUSTRALIA
CHALLENGER FUNDS MANAGEMENT HOLDINGS PTY LIMITED	107 728 030	AUSTRALIA
CHALLENGER GROUP HOLDINGS LIMITED	002 993 302	AUSTRALIA
CHALLENGER GROUP PTY LIMITED	003 374 196	AUSTRALIA
CHALLENGER GROUP SERVICES (UK) LIMITED	04244127	ENGLAND/WALES
CHALLENGER GROUP SERVICES PTY. LTD.	085 657 307	AUSTRALIA
CHALLENGER HOME LOAN CORPORATION PTY LTD	058 891 302	AUSTRALIA
CHALLENGER HOLDCO1 HOLDINGS PTY LTD	645 868 659	AUSTRALIA
CHALLENGER HOLDCO2 HOLDINGS PTY LTD	646 761 275	AUSTRALIA
CHALLENGER INVENTORY FINANCE SERVICING PTY LIMITED	107 706 810	AUSTRALIA
CHALLENGER INVESTMENT PARTNERS LIMITED	092 382 842	AUSTRALIA
CHALLENGER INVESTMENT SOLUTIONS MANAGEMENT PTY LTD	130 035 353	AUSTRALIA
CHALLENGER JAPAN HOLDINGS KABUSHIKI KAISHA	0100-01-182399	�����
CHALLENGER JAPAN HOLDINGS PTY LIMITED	617 208 205	���������
CHALLENGER JAPAN KABUSHIKI KAISHA	0100-01-182920	�����
CHALLENGER KABUSHIKI KAISHA	0100-01-182872	�����
CHALLENGER LBC TERMINALS HOLDING COMPANY LIMITED	C41149	MALTA

Annexure 2

������������������������������������������������������������04 - change of interest

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Linda Matthews - Company Secretary of Challenger Limited�

12/05/20�1

Linda Matthews - Company Secretary of Challenger Limited 12/05/20�1
Company Name	ACN / Company No.	Country of Incorporation
CHALLENGER LIFE CDI NOMINEES PTY LTD	055 293 644	AUSTRALIA
CHALLENGER LIFE COMPANY HOLDINGS PTY LTD	006 381 193	AUSTRALIA
CHALLENGER LIFE COMPANY LIMITED	072 486 938	AUSTRALIA
CHALLENGER LIFE DEBT INVESTMENTS (EUROPE) LIMITED	07626067	ENGLAND/WALES
CHALLENGER LIFE FUND PROPERTY INVESTMENTS PTY LTD	161 212 693	AUSTRALIA
CHALLENGER LIFE INVESTMENTS UK LIMITED	6067787	ENGLAND/WALES
CHALLENGER LIFE NOMINEES NO.2 PTY LTD	078 627 013	AUSTRALIA
CHALLENGER LIFE NOMINEES NO.3 PTY LIMITED	151 482 147	AUSTRALIA
CHALLENGER LIFE NOMINEES PTY LTD	091 336 793	AUSTRALIA
CHALLENGER LIFE SUBSIDIARY HOLDINGS PTY LIMITED	099 742 122	AUSTRALIA
CHALLENGER LIMITED	106 842 371	AUSTRALIA
CHALLENGER MANAGED INVESTMENTS (INTERNATIONAL) PTY LIMITED	120 871 212	AUSTRALIA
CHALLENGER MANAGEMENT SERVICES (UK) LIMITED	06393787	ENGLAND/WALES
CHALLENGER MARGIN LENDING PTY LTD	091 338 822	AUSTRALIA
CHALLENGER MBK EMERGING MARKET INFRASTRUCTURE FUND GP LTD	WK-209744	CAYMAN ISLANDS
CHALLENGER MORTGAGE MANAGEMENT PTY LTD	087 271 109	AUSTRALIA
CHALLENGER NON-CONFORMING FINANCE PTY LTD	107 725 486	AUSTRALIA
CHALLENGER ORIGINATOR FINANCE PTY LTD	095 085 466	AUSTRALIA
CHALLENGER PROPERTY ASSET MANAGEMENT PTY LTD	077 569 021	AUSTRALIA
CHALLENGER RETIREMENT AND INVESTMENT SERVICES LIMITED	115 534 453	AUSTRALIA
CHALLENGER SECURITISATION MANAGEMENT PTY LTD	100 346 898	AUSTRALIA
CHALLENGER SKYBRIDGE (GROUP) HOLDING COMPANY PTY LTD	130 888 327	AUSTRALIA
CHALLENGER SKYBRIDGE (HASTINGS) HOLDING COMPANY PTY LTD	130 888 274	AUSTRALIA
CHALLENGER SPECIAL SERVICING PTY LTD	107 707 415	AUSTRALIA
������������������������	168 107 355	AUSTRALIA
CHALLENGER TREASURY LIMITED	093 307 996	AUSTRALIA
CHALLENGER UK TERMINALS LIMITED	95751	AUSTRALIA
CHALLENGER WHOLESALE FINANCE HOLDINGS PTY LIMITED	087 284 240	AUSTRALIA
CHALLENGER WIND HOLDINGS PTY LIMITED	151 496 061	UNITED STATES
CLS US HOLDINGS, LLC	5302598	AUSTRALIA
CPHIC INVESTMENTS PTY LTD	093 340 526	AUSTRALIA
CSPP1 MAITLAND PTY LTD	122 460 968	AUSTRALIA
CSPP1 MAVIS COURT PTY LTD	122 461 983	GUERNSEY
FIDANTE PARTNERS (GUERNSEY) LIMITED	40288	AUSTRALIA
FIDANTE PARTNERS ALPHINITY HOLDINGS PTY LTD	140 716 016	AUSTRALIA
FIDANTE PARTNERS ARDEA HOLDINGS PTY LTD	133 865 853	AUSTRALIA
FIDANTE PARTNERS ARETE HOLDINGS PTY LTD	143 836 373	AUSTRALIA
FIDANTE PARTNERS AVENIR CAPITAL HOLDINGS PTY LTD	616 504 502	AUSTRALIA
FIDANTE PARTNERS BENTHAM HOLDINGS PTY LTD	140 715 573	AUSTRALIA
FIDANTE PARTNERS EIGER HOLDINGS PTY LIMITED	631 837 360	AUSTRALIA

Annexure 2

�������������������������������������������������������������4 - change of interest

==> picture [119 x 50] intentionally omitted <==

Linda Matthews - Company Secretary of Challenger Limited�

12/05/20�1

Linda Matthews - Company Secretary of Challenger Limited 12/05/20�1
Company Name	ACN / Company No.	Country of Incorporation
FIDANTE PARTNERS EUROPE LIMITED	04040660	ENGLAND/WALES
FIDANTE PARTNERS FME HOLDINGS LIMITED	11410594	UNITED KINGDOM
FIDANTE PARTNERS HOLDINGS (GUERNSEY) LIMITED	43315	GUERNSEY
FIDANTE PARTNERS HOLDINGS EUROPE LIMITED	06172534	ENGLAND/WALES
FIDANTE PARTNERS HOLDINGS PTY LIMITED	123 318 650	AUSTRALIA
FIDANTE PARTNERS KAPSTREAM HOLDINGS PTY LIMITED	123 319 460	AUSTRALIA
FIDANTE PARTNERS LATIGO HOLDINGS LLC	5651705	UNITED STATES
FIDANTE PARTNERS LENNOX HOLDINGS PTY LIMITED	616 975 565	AUSTRALIA
FIDANTE PARTNERS LIMITED	002 835 592	AUSTRALIA
FIDANTE PARTNERS MERLON HOLDINGS PTY LTD	140 715 662	AUSTRALIA
FIDANTE PARTNERS METISQ HOLDINGS PTY LTD	143 376 961	AUSTRALIA
FIDANTE PARTNERS NOVAPORT HOLDINGS PTY LTD	140 715 797	AUSTRALIA
FIDANTE PARTNERS R&M HOLDINGS PTY LIMITED	152 375 436	AUSTRALIA
FIDANTE PARTNERS SERVICES LIMITED	119 605 373	AUSTRALIA
FIDANTE PARTNERS TEMPO HOLDINGS PTY LTD	167 321 262	AUSTRALIA
FIDANTE PARTNERS USA LLC	81-4925448	UNITED STATES
FIDANTE PARTNERS WAVESTONE HOLDINGS PTY LIMITEDFIDANTE	133 626 276	AUSTRALIA
PARTNERS WHITEHELM HOLDINGS PTY LTD	169 043 903	AUSTRALIA
FIDANTE PARTNERS WYETREE LIMITED	09387239	ENGLAND/WALES
GASVALPO S.A.	96.960.800-6	CHILE
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	000 033 143	AUSTRALIA
KUDU INVESTMENT MANAGEMENT LLC	1231609	UNITED STATES
KUDU INVESTMENT PARTNERS I, LP	47-2497501	UNITED STATES
KUDU INVESTMENTS GP LLC	1244682	UNITED STATES
LANV PTY LTD	147 224 502	AUSTRALIA
LEASE COLLATERAL NO.2 PTY LTD	168 112 481	AUSTRALIA
LEASE COLLATERAL PTY LTD	168 112 472	AUSTRALIA
LEASE FUNDING MANAGEMENT PTY LTD	168 112 490	AUSTRALIA
MAITLAND NOMINEE HOLDINGS PTY LIMITED	122 853 114	AUSTRALIA
MAWBURY PTY LIMITED	096 097 479	AUSTRALIA
METISQ CAPITAL HOLDINGS PTY LTD	158 011 351	AUSTRALIA

Annexure 2

�������������������������������������������������������������4 - change of interest

==> picture [119 x 50] intentionally omitted <==

Linda Matthews - Company Secretary of Challenger Limited�

Linda Matthews - Company Secretary of Challenger Limited
12/05/20�1	ACN /	Country of
Company Name	Company No.	Incorporation
METISQ CAPITAL PTY LTD	104 642 613	AUSTRALIA
METISQ LIBRA GREATER CHINA EQUITY FUND LTD.	WK-237319	CAYMANISLANDS
MIR LIBRA CAPITAL MANAGEMENT LTD	236748	CAYMAN ISLANDS
OAKLANDS HILL PTY LTD	149 814 559	AUSTRALIA
OAKLANDS HILL WIND FARM PTY LTD	126 595 935	AUSTRALIA
OFFSHORE REINSURER (BERMUDA) COMPANY LIMITED	51746	BERMUDA
RESIDENTIAL REAL ESTATE TOTAL RETURN OPPORTUNITIES FUND LTD.	212456	CAYMAN ISLANDS
RESIDENTIAL REAL ESTATE TOTAL RETURN OPPORTUNITIES MASTER FUND L.P. 27263		CAYMAN ISLANDS
SABRAND LIMITED	126677	CYPRUS
THE LIBERTY GROUP CONSORTIUM PTY LTD	082 564 289	AUSTRALIA
TLG SERVICES PTY LIMITED	092 500 608	AUSTRALIA
TLGH PTY LIMITED	092 927 467	AUSTRALIA
TRE DATA CENTRES CANBERRA PTY LTD	141 881 227	AUSTRALIA
US LLC HOLDINGS PTY LTD	130 888 292	AUSTRALIA
US LLC INVESTMENTS LLC	4811214 36-	UNITED STATES
WATERFORD COUNTY PTY LIMITED	122 853 089	AUSTRALIA
WELCOME BREAK GROUP LIMITED	03147949	ENGLAND/WALES
WELCOME BREAK HOLDINGS (1) LIMITED	04099287	ENGLAND/WALES
WELCOME BREAK HOLDINGS (2) LIMITED	04379574	ENGLAND/WALES
WELCOME BREAK HOLDINGS LIMITED	03290817	CAYMAN ISLANDS
WELCOME BREAK LIMITED	01735476	ENGLAND/WALES
WELCOME BREAK NO.1 LIMITED WELCOME	08331837	ENGLAND/WALES
BREAK NO.2 LIMITED WELCOME BREAK	08331870	ENGLAND/WALES
SERVICES LIMITED	04099292	ENGLAND/WALES
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