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CHALLENGER LIMITED Major Shareholding Notification 2026
64641_rns_2026-05-27_2d8ad48a-820c-499e-a51a-a6ca0b88ec6b.pdf
Major Shareholding Notification
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challenger
Level 2, 5 Martin Place
Sydney NSW 2000 Australia
GPO Box 3698
Sydney NSW 2001
challenger.com.au
Telephone 02 9994 7000
28 May 2026
The Manager
Company Announcements Office
ASX Limited
Level 27
39 Martin Place
Sydney NSW 2000
By electronic lodgement
Dear Sir/Madam
Re: Notice of ceasing to be a substantial holder ~ Smartgroup Corporation Ltd (SIQ)
We attach a notice of ceasing to be a substantial holder in Smartgroup Corporation Ltd. This notice is given by Challenger Limited and each of its associated entities named in Annexure 2 to this notice.
Yours faithfully
Linda Matthews
Company Secretary
Sydney Level 2, 5 Martin Place, Sydney NSW 2000 Australia, GPO Box 3698 Sydney NSW 2001, Telephone 02 9994 7000
Melbourne Level 19, 31 Queen Street PO Box 297, Flinders Lane, Melbourne VIC 3000 Telephone 02 9994 7000
Brisbane Level 6, 215 Adelaide Street GPO Box 3234, Brisbane QLD 4000 Telephone 07 3136 5400
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
challenger.com.au
Form 605
Corporations Act 2001
Section 671B
Notice of ceasing to be a substantial holder
To Company Name/Scheme
ACN/ARSN
Smartgroup Corporation Ltd
126 266 831
- Details of substantial holder (1)
Name
ACN/ARSN (if applicable)
Challenger Limited (and its entities listed in Annexure 2)
106 842 371 (Challenger Limited)
The holder ceased to be a substantial holder on
26/05/2026
The previous notice was given to the company on
10/02/2026
The previous notice was dated
10/02/2026
- Changes in relevant interests
Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 (4) | Consideration given in relation to change (5) | Class (6) 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 |
- Changes in association
The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) 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 |
- Addresses
The addresses of persons named in this form are as follows:
| Name | Address |
|---|---|
| Challenger Limited (and its entities listed in Annexure 2) | Level 2, 5 Martin Place, Sydney NSW 2000 |
Signature
print name
Linda Matthews
Capacity
Company Secretary of Challenger Limited
sign here
Date
28/05/2026
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 4 of the form.
(2) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
(3) See the definition of "associate" in section 9 of the Corporations Act 2001.
(4) 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.
(5) 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.
(6) The voting shares of a company constitute one class unless divided into separate classes.
(7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.
Annexure 1 consists of 6 pages and is referred to in Form 605 signed by me and dated 28/05/2026
Matthews
Linda Matthews
Company Secretary of Challenger Limited
Transactions:
Company Name/Scheme: Smartgroup Corporation Ltd (SIQ)
As at: 26/05/2026
Class of security: Ordinary Fully Paid
| Date of Change | Holder of relevant interest | Nature of Change | Consideration | Number of Securities | Person's Votes Affected |
|---|---|---|---|---|---|
| 06/02/2026 | Challenger Limited (and its entities listed in Annexure 2) | Buy | 7,719 | 907 | 907 |
| 06/02/2026 | As above | Buy | 3,234 | 380 | 380 |
| 06/02/2026 | As above | Buy | 4,127 | 485 | 485 |
| 06/02/2026 | As above | Buy | 24,305 | 2,856 | 2,856 |
| 06/02/2026 | As above | Buy | 2,519 | 296 | 296 |
| 06/02/2026 | As above | Buy | 519 | 61 | 61 |
| 06/02/2026 | As above | Buy | 1,387 | 163 | 163 |
| 06/02/2026 | As above | Buy | 3,098 | 364 | 364 |
| 09/02/2026 | As above | Buy | 9,567 | 1,114 | 1,114 |
| 09/02/2026 | As above | Buy | 59,161 | 6,889 | 6,889 |
| 09/02/2026 | As above | Buy | 141,302 | 16,454 | 16,454 |
| 09/02/2026 | As above | Buy | 75,503 | 8,792 | 8,792 |
| 09/02/2026 | As above | Buy | 56,790 | 6,613 | 6,613 |
| 09/02/2026 | As above | Buy | 46,082 | 5,366 | 5,366 |
| 09/02/2026 | As above | Buy | 25,463 | 2,965 | 2,965 |
| 09/02/2026 | As above | Buy | 444,903 | 51,807 | 51,807 |
| 10/02/2026 | As above | Buy | 5,665 | 661 | 661 |
| 10/02/2026 | As above | Buy | 35,034 | 4,088 | 4,088 |
| 10/02/2026 | As above | Buy | 44,710 | 5,217 | 5,217 |
| 10/02/2026 | As above | Buy | 263,416 | 30,737 | 30,737 |
| 10/02/2026 | As above | Buy | 15,075 | 1,759 | 1,759 |
| 10/02/2026 | As above | Buy | 83,669 | 9,763 | 9,763 |
| 10/02/2026 | As above | Buy | 27,278 | 3,183 | 3,183 |
| 10/02/2026 | As above | Buy | 33,620 | 3,923 | 3,923 |
| 27/02/2026 | As above | Sell | 58,679 | -6,653 | 6,653 |
| 06/03/2026 | As above | Sell | 76,924 | -9,381 | 9,381 |
| 19/03/2026 | As above | Buy | 28,287 | 3,765 | 3,765 |
| 23/03/2026 | As above | Sell | 182,462 | -24,811 | 24,811 |
| 23/03/2026 | As above | Buy | 815,909 | 110,601 | 110,601 |
| 24/03/2026 | As above | Sell | 89,969 | -11,730 | 11,730 |
| 27/03/2026 | As above | Buy | 30,402 | 3,786 | 3,786 |
| 27/03/2026 | As above | Buy | 26,298 | 3,275 | 3,275 |
| 02/04/2026 | As above | Buy | 81,820 | 9,728 | 9,728 |
| 02/04/2026 | As above | Buy | 265,545 | 31,572 | 31,572 |
| 02/04/2026 | As above | Buy | 15,282 | 1,817 | 1,817 |
| 02/04/2026 | As above | Buy | 6,199 | 737 | 737 |
| 02/04/2026 | As above | Buy | 32,112 | 3,818 | 3,818 |
| 02/04/2026 | As above | Buy | 43,837 | 5,212 | 5,212 |
| 02/04/2026 | As above | Buy | 32,398 | 3,852 | 3,852 |
| 02/04/2026 | As above | Buy | 1,119 | 133 | 133 |
| 02/04/2026 | As above | Buy | 26,334 | 3,131 | 3,131 |
| 07/04/2026 | As above | Buy | 47,841 | 5,630 | 5,630 |
| 07/04/2026 | As above | Buy | 8,931 | 1,051 | 1,051 |
| 07/04/2026 | As above | Buy | 3,620 | 426 | 426 |
| 07/04/2026 | As above | Buy | 15,398 | 1,812 | 1,812 |
| 07/04/2026 | As above | Buy | 18,771 | 2,209 | 2,209 |
| 07/04/2026 | As above | Buy | 25,629 | 3,016 | 3,016 |
| 07/04/2026 | As above | Buy | 18,941 | 2,229 | 2,229 |
| 07/04/2026 | As above | Buy | 654 | 77 | 77 |
| 07/04/2026 | As above | Buy | 27,626 | 3,243 | 3,243 |
| 07/04/2026 | As above | Buy | 89,641 | 10,523 | 10,523 |
| 07/04/2026 | As above | Buy | 5,162 | 606 | 606 |
| 07/04/2026 | As above | Buy | 2,096 | 246 | 246 |
| 07/04/2026 | As above | Buy | 8,893 | 1,044 | 1,044 |
| 07/04/2026 | As above | Buy | 10,844 | 1,273 | 1,273 |
| 07/04/2026 | As above | Buy | 14,797 | 1,737 | 1,737 |
| 07/04/2026 | As above | Buy | 10,938 | 1,284 | 1,284 |
| 07/04/2026 | As above | Buy | 375 | 44 | 44 |
Page 1 of 6
| Date of Change | Holder of relevant interest | Nature of Change | Consideration | Number of Securities | Person's Votes Affected |
|---|---|---|---|---|---|
| 07/04/2026 | As above | Buy | 34,491 | 4,053 | 4,053 |
| 07/04/2026 | As above | Buy | 111,949 | 13,155 | 13,155 |
| 07/04/2026 | As above | Buy | 6,442 | 757 | 757 |
| 07/04/2026 | As above | Buy | 2,613 | 307 | 307 |
| 07/04/2026 | As above | Buy | 11,106 | 1,305 | 1,305 |
| 07/04/2026 | As above | Buy | 13,539 | 1,591 | 1,591 |
| 07/04/2026 | As above | Buy | 18,484 | 2,172 | 2,172 |
| 07/04/2026 | As above | Buy | 13,659 | 1,605 | 1,605 |
| 07/04/2026 | As above | Buy | 468 | 55 | 55 |
| 07/04/2026 | As above | Buy | 155,277 | 18,273 | 18,273 |
| 08/04/2026 | As above | Buy | 4,195 | 482 | 482 |
| 08/04/2026 | As above | Buy | 3,676 | 423 | 423 |
| 08/04/2026 | As above | Buy | 3,076 | 354 | 354 |
| 08/04/2026 | As above | Buy | 304 | 35 | 35 |
| 08/04/2026 | As above | Buy | 179,607 | 20,636 | 20,636 |
| 08/04/2026 | As above | Buy | 10,331 | 1,187 | 1,187 |
| 08/04/2026 | As above | Buy | 17,808 | 2,046 | 2,046 |
| 08/04/2026 | As above | Buy | 55,329 | 6,357 | 6,357 |
| 08/04/2026 | As above | Buy | 5,344 | 614 | 614 |
| 08/04/2026 | As above | Buy | 40,669 | 4,680 | 4,680 |
| 08/04/2026 | As above | Buy | 21,715 | 2,495 | 2,495 |
| 08/04/2026 | As above | Buy | 29,644 | 3,406 | 3,406 |
| 08/04/2026 | As above | Buy | 21,907 | 2,517 | 2,517 |
| 08/04/2026 | As above | Buy | 757 | 87 | 87 |
| 08/04/2026 | As above | Buy | 1,123 | 129 | 129 |
| 08/04/2026 | As above | Buy | 1,497 | 172 | 172 |
| 08/04/2026 | As above | Buy | 5,005 | 575 | 575 |
| 08/04/2026 | As above | Buy | 3,928 | 452 | 452 |
| 08/04/2026 | As above | Buy | 132,018 | 15,192 | 15,192 |
| 08/04/2026 | As above | Buy | 7,595 | 874 | 874 |
| 08/04/2026 | As above | Buy | 13,087 | 1,506 | 1,506 |
| 08/04/2026 | As above | Buy | 15,964 | 1,837 | 1,837 |
| 08/04/2026 | As above | Buy | 21,795 | 2,508 | 2,508 |
| 08/04/2026 | As above | Buy | 16,103 | 1,853 | 1,853 |
| 08/04/2026 | As above | Buy | 556 | 64 | 64 |
| 08/04/2026 | As above | Buy | 826 | 95 | 95 |
| 08/04/2026 | As above | Buy | 1,104 | 127 | 127 |
| 08/04/2026 | As above | Buy | 418 | 48 | 48 |
| 09/04/2026 | As above | Buy | 936 | 107 | 107 |
| 09/04/2026 | As above | Buy | 1,382 | 158 | 158 |
| 09/04/2026 | As above | Buy | 516 | 59 | 59 |
| 09/04/2026 | As above | Buy | 6,596 | 754 | 754 |
| 09/04/2026 | As above | Buy | 1,846 | 211 | 211 |
| 09/04/2026 | As above | Buy | 6,168 | 705 | 705 |
| 09/04/2026 | As above | Buy | 68,239 | 7,800 | 7,800 |
| 09/04/2026 | As above | Buy | 221,498 | 25,318 | 25,318 |
| 09/04/2026 | As above | Buy | 12,747 | 1,457 | 1,457 |
| 09/04/2026 | As above | Buy | 5,170 | 591 | 591 |
| 09/04/2026 | As above | Buy | 21,968 | 2,511 | 2,511 |
| 09/04/2026 | As above | Buy | 26,780 | 3,061 | 3,061 |
| 09/04/2026 | As above | Buy | 36,561 | 4,179 | 4,179 |
| 09/04/2026 | As above | Buy | 27,025 | 3,089 | 3,089 |
| 10/04/2026 | As above | Buy | 407 | 47 | 47 |
| 10/04/2026 | As above | Buy | 68,273 | 7,800 | 7,800 |
| 10/04/2026 | As above | Buy | 221,606 | 25,318 | 25,318 |
| 10/04/2026 | As above | Buy | 12,753 | 1,457 | 1,457 |
| 10/04/2026 | As above | Buy | 5,173 | 591 | 591 |
| 10/04/2026 | As above | Buy | 21,979 | 2,511 | 2,511 |
| 10/04/2026 | As above | Buy | 26,793 | 3,061 | 3,061 |
| 10/04/2026 | As above | Buy | 36,587 | 4,180 | 4,180 |
| 10/04/2026 | As above | Buy | 27,038 | 3,089 | 3,089 |
| 10/04/2026 | As above | Buy | 928 | 106 | 106 |
| 10/04/2026 | As above | Buy | 1,383 | 158 | 158 |
| 10/04/2026 | As above | Buy | 516 | 59 | 59 |
| 10/04/2026 | As above | Buy | 6,600 | 754 | 754 |
| 10/04/2026 | As above | Buy | 1,847 | 211 | 211 |
| 10/04/2026 | As above | Buy | 6,171 | 705 | 705 |
| 10/04/2026 | As above | Buy | 4,459 | 515 | 515 |
| 10/04/2026 | As above | Buy | 14,461 | 1,670 | 1,670 |
| 10/04/2026 | As above | Buy | 831 | 96 | 96 |
| 10/04/2026 | As above | Buy | 338 | 39 | 39 |
| 10/04/2026 | As above | Buy | 1,437 | 166 | 166 |
| 10/04/2026 | As above | Buy | 1,749 | 202 | 202 |
Page 2 of 6
| Date of Change | Holder of relevant interest | Nature of Change | Consideration | Number of Securities | Person's Votes Affected |
|---|---|---|---|---|---|
| 10/04/2026 | As above | Buy | 2,390 | 276 | 276 |
| 10/04/2026 | As above | Buy | 1,766 | 204 | 204 |
| 10/04/2026 | As above | Buy | 61 | 7 | 7 |
| 10/04/2026 | As above | Buy | 87 | 10 | 10 |
| 10/04/2026 | As above | Buy | 35 | 4 | 4 |
| 10/04/2026 | As above | Buy | 433 | 50 | 50 |
| 10/04/2026 | As above | Buy | 121 | 14 | 14 |
| 13/04/2026 | As above | Buy | 86,476 | 10,126 | 10,126 |
| 13/04/2026 | As above | Buy | 26,645 | 3,120 | 3,120 |
| 13/04/2026 | As above | Buy | 2,015 | 236 | 236 |
| 13/04/2026 | As above | Buy | 8,574 | 1,004 | 1,004 |
| 13/04/2026 | As above | Buy | 10,462 | 1,225 | 1,225 |
| 13/04/2026 | As above | Buy | 14,279 | 1,672 | 1,672 |
| 13/04/2026 | As above | Buy | 10,547 | 1,235 | 1,235 |
| 13/04/2026 | As above | Buy | 367 | 43 | 43 |
| 13/04/2026 | As above | Buy | 538 | 63 | 63 |
| 13/04/2026 | As above | Buy | 205 | 24 | 24 |
| 13/04/2026 | As above | Buy | 2,579 | 302 | 302 |
| 13/04/2026 | As above | Buy | 726 | 85 | 85 |
| 13/04/2026 | As above | Buy | 2,408 | 282 | 282 |
| 13/04/2026 | As above | Buy | 53,622 | 6,240 | 6,240 |
| 13/04/2026 | As above | Buy | 174,057 | 20,255 | 20,255 |
| 13/04/2026 | As above | Buy | 10,011 | 1,165 | 1,165 |
| 13/04/2026 | As above | Buy | 4,065 | 473 | 473 |
| 13/04/2026 | As above | Buy | 17,255 | 2,008 | 2,008 |
| 13/04/2026 | As above | Buy | 21,045 | 2,449 | 2,449 |
| 13/04/2026 | As above | Buy | 28,736 | 3,344 | 3,344 |
| 13/04/2026 | As above | Buy | 21,234 | 2,471 | 2,471 |
| 13/04/2026 | As above | Buy | 730 | 85 | 85 |
| 13/04/2026 | As above | Buy | 1,091 | 127 | 127 |
| 13/04/2026 | As above | Buy | 404 | 47 | 47 |
| 13/04/2026 | As above | Buy | 5,182 | 603 | 603 |
| 13/04/2026 | As above | Buy | 1,452 | 169 | 169 |
| 13/04/2026 | As above | Buy | 4,847 | 564 | 564 |
| 13/04/2026 | As above | Buy | 39,071 | 4,543 | 4,543 |
| 13/04/2026 | As above | Buy | 126,795 | 14,743 | 14,743 |
| 13/04/2026 | As above | Buy | 7,293 | 848 | 848 |
| 13/04/2026 | As above | Buy | 2,959 | 344 | 344 |
| 13/04/2026 | As above | Buy | 12,574 | 1,462 | 1,462 |
| 13/04/2026 | As above | Buy | 15,334 | 1,783 | 1,783 |
| 13/04/2026 | As above | Buy | 20,933 | 2,434 | 2,434 |
| 13/04/2026 | As above | Buy | 15,472 | 1,799 | 1,799 |
| 13/04/2026 | As above | Buy | 533 | 62 | 62 |
| 13/04/2026 | As above | Buy | 791 | 92 | 92 |
| 13/04/2026 | As above | Buy | 292 | 34 | 34 |
| 13/04/2026 | As above | Buy | 3,776 | 439 | 439 |
| 13/04/2026 | As above | Buy | 1,058 | 123 | 123 |
| 13/04/2026 | As above | Buy | 3,535 | 411 | 411 |
| 13/04/2026 | As above | Buy | 4,979 | 583 | 583 |
| 14/04/2026 | As above | Buy | 42,701 | 4,992 | 4,992 |
| 14/04/2026 | As above | Buy | 7,972 | 932 | 932 |
| 14/04/2026 | As above | Buy | 3,233 | 378 | 378 |
| 14/04/2026 | As above | Buy | 13,746 | 1,607 | 1,607 |
| 14/04/2026 | As above | Buy | 16,757 | 1,959 | 1,959 |
| 14/04/2026 | As above | Buy | 22,882 | 2,675 | 2,675 |
| 14/04/2026 | As above | Buy | 16,911 | 1,977 | 1,977 |
| 14/04/2026 | As above | Buy | 582 | 68 | 68 |
| 14/04/2026 | As above | Buy | 864 | 101 | 101 |
| 14/04/2026 | As above | Buy | 325 | 38 | 38 |
| 14/04/2026 | As above | Buy | 4,132 | 483 | 483 |
| 14/04/2026 | As above | Buy | 1,155 | 135 | 135 |
| 14/04/2026 | As above | Buy | 3,858 | 451 | 451 |
| 14/04/2026 | As above | Buy | 138,609 | 16,204 | 16,204 |
| 15/04/2026 | As above | Buy | 34,137 | 4,000 | 4,000 |
| 15/04/2026 | As above | Buy | 13,518 | 1,584 | 1,584 |
| 15/04/2026 | As above | Buy | 3,303 | 387 | 387 |
| 15/04/2026 | As above | Buy | 11,641 | 1,364 | 1,364 |
| 15/04/2026 | As above | Buy | 2,586 | 303 | 303 |
| 15/04/2026 | As above | Buy | 256 | 30 | 30 |
| 15/04/2026 | As above | Buy | 888 | 104 | 104 |
| 15/04/2026 | As above | Buy | 6,793 | 796 | 796 |
| 15/04/2026 | As above | Buy | 48,705 | 5,714 | 5,714 |
| 15/04/2026 | As above | Buy | 158,073 | 18,545 | 18,545 |
Page 3 of 6
| Date of Change | Holder of relevant interest | Nature of Change | Consideration | Number of Securities | Person's Votes Affected |
|---|---|---|---|---|---|
| 15/04/2026 | As above | Buy | 9,095 | 1,067 | 1,067 |
| 15/04/2026 | As above | Buy | 3,691 | 433 | 433 |
| 15/04/2026 | As above | Buy | 15,675 | 1,839 | 1,839 |
| 15/04/2026 | As above | Buy | 19,110 | 2,242 | 2,242 |
| 15/04/2026 | As above | Buy | 26,091 | 3,061 | 3,061 |
| 15/04/2026 | As above | Buy | 19,281 | 2,262 | 2,262 |
| 15/04/2026 | As above | Buy | 665 | 78 | 78 |
| 15/04/2026 | As above | Buy | 989 | 116 | 116 |
| 15/04/2026 | As above | Buy | 367 | 43 | 43 |
| 15/04/2026 | As above | Buy | 4,705 | 552 | 552 |
| 15/04/2026 | As above | Buy | 1,321 | 155 | 155 |
| 15/04/2026 | As above | Buy | 4,407 | 517 | 517 |
| 15/04/2026 | As above | Buy | 60,271 | 7,071 | 7,071 |
| 15/04/2026 | As above | Buy | 8,677 | 1,018 | 1,018 |
| 15/04/2026 | As above | Buy | 3,060 | 359 | 359 |
| 15/04/2026 | As above | Buy | 8,583 | 1,007 | 1,007 |
| 15/04/2026 | As above | Buy | 10,984 | 1,287 | 1,287 |
| 15/04/2026 | As above | Buy | 922 | 108 | 108 |
| 15/04/2026 | As above | Buy | 4,105 | 481 | 481 |
| 15/04/2026 | As above | Buy | 1,262 | 148 | 148 |
| 15/04/2026 | As above | Buy | 16,604 | 1,948 | 1,948 |
| 15/04/2026 | As above | Buy | 5,856 | 687 | 687 |
| 15/04/2026 | As above | Buy | 9,692 | 1,137 | 1,137 |
| 15/04/2026 | As above | Buy | 13,399 | 1,570 | 1,570 |
| 15/04/2026 | As above | Buy | 469 | 55 | 55 |
| 15/04/2026 | As above | Buy | 6,085 | 713 | 713 |
| 15/04/2026 | As above | Buy | 18,289 | 2,143 | 2,143 |
| 15/04/2026 | As above | Buy | 3,089 | 362 | 362 |
| 15/04/2026 | As above | Buy | 6,017 | 705 | 705 |
| 15/04/2026 | As above | Buy | 110,767 | 12,979 | 12,979 |
| 15/04/2026 | As above | Buy | 42,236 | 4,949 | 4,949 |
| 15/04/2026 | As above | Buy | 6,375 | 747 | 747 |
| 15/04/2026 | As above | Buy | 691 | 81 | 81 |
| 15/04/2026 | As above | Buy | 2,151 | 252 | 252 |
| 16/04/2026 | As above | Buy | 4,468 | 522 | 522 |
| 16/04/2026 | As above | Buy | 12,676 | 1,481 | 1,481 |
| 16/04/2026 | As above | Buy | 1,699 | 200 | 200 |
| 16/04/2026 | As above | Buy | 22,305 | 2,626 | 2,626 |
| 16/04/2026 | As above | Buy | 7,865 | 926 | 926 |
| 16/04/2026 | As above | Buy | 13,021 | 1,533 | 1,533 |
| 16/04/2026 | As above | Buy | 37,162 | 4,342 | 4,342 |
| 16/04/2026 | As above | Buy | 120,619 | 14,093 | 14,093 |
| 16/04/2026 | As above | Buy | 6,941 | 811 | 811 |
| 16/04/2026 | As above | Buy | 2,816 | 329 | 329 |
| 16/04/2026 | As above | Buy | 11,965 | 1,398 | 1,398 |
| 16/04/2026 | As above | Buy | 14,584 | 1,704 | 1,704 |
| 16/04/2026 | As above | Buy | 19,916 | 2,327 | 2,327 |
| 16/04/2026 | As above | Buy | 14,713 | 1,719 | 1,719 |
| 16/04/2026 | As above | Buy | 505 | 59 | 59 |
| 16/04/2026 | As above | Buy | 65,410 | 7,701 | 7,701 |
| 16/04/2026 | As above | Buy | 212,319 | 24,997 | 24,997 |
| 16/04/2026 | As above | Buy | 12,214 | 1,438 | 1,438 |
| 16/04/2026 | As above | Buy | 4,952 | 583 | 583 |
| 16/04/2026 | As above | Buy | 21,048 | 2,478 | 2,478 |
| 16/04/2026 | As above | Buy | 25,668 | 3,022 | 3,022 |
| 16/04/2026 | As above | Buy | 35,045 | 4,126 | 4,126 |
| 16/04/2026 | As above | Buy | 25,897 | 3,049 | 3,049 |
| 16/04/2026 | As above | Buy | 892 | 105 | 105 |
| 16/04/2026 | As above | Buy | 753 | 88 | 88 |
| 16/04/2026 | As above | Buy | 282 | 33 | 33 |
| 16/04/2026 | As above | Buy | 3,595 | 420 | 420 |
| 16/04/2026 | As above | Buy | 1,010 | 118 | 118 |
| 16/04/2026 | As above | Buy | 3,364 | 393 | 393 |
| 16/04/2026 | As above | Buy | 45,995 | 5,374 | 5,374 |
| 16/04/2026 | As above | Buy | 6,625 | 774 | 774 |
| 16/04/2026 | As above | Buy | 2,337 | 273 | 273 |
| 16/04/2026 | As above | Buy | 6,548 | 765 | 765 |
| 16/04/2026 | As above | Buy | 1,325 | 156 | 156 |
| 16/04/2026 | As above | Buy | 493 | 58 | 58 |
| 16/04/2026 | As above | Buy | 6,319 | 744 | 744 |
| 16/04/2026 | As above | Buy | 1,775 | 209 | 209 |
| 16/04/2026 | As above | Buy | 5,912 | 696 | 696 |
| 16/04/2026 | As above | Buy | 80,954 | 9,531 | 9,531 |
Page 4 of 6
| Date of Change | Holder of relevant interest | Nature of Change | Consideration | Number of Securities | Person's Votes Affected |
|---|---|---|---|---|---|
| 16/04/2026 | As above | Buy | 11,662 | 1,373 | 1,373 |
| 16/04/2026 | As above | Buy | 4,111 | 484 | 484 |
| 16/04/2026 | As above | Buy | 11,526 | 1,357 | 1,357 |
| 16/04/2026 | As above | Buy | 967 | 113 | 113 |
| 16/04/2026 | As above | Buy | 7,395 | 864 | 864 |
| 17/04/2026 | As above | Buy | 30,049 | 3,428 | 3,428 |
| 17/04/2026 | As above | Buy | 97,544 | 11,128 | 11,128 |
| 17/04/2026 | As above | Buy | 5,610 | 640 | 640 |
| 17/04/2026 | As above | Buy | 2,279 | 260 | 260 |
| 17/04/2026 | As above | Buy | 9,668 | 1,103 | 1,103 |
| 17/04/2026 | As above | Buy | 11,790 | 1,345 | 1,345 |
| 17/04/2026 | As above | Buy | 16,102 | 1,837 | 1,837 |
| 17/04/2026 | As above | Buy | 11,895 | 1,357 | 1,357 |
| 17/04/2026 | As above | Buy | 412 | 47 | 47 |
| 17/04/2026 | As above | Buy | 614 | 70 | 70 |
| 17/04/2026 | As above | Buy | 228 | 26 | 26 |
| 17/04/2026 | As above | Buy | 2,901 | 331 | 331 |
| 17/04/2026 | As above | Buy | 815 | 93 | 93 |
| 17/04/2026 | As above | Buy | 2,717 | 310 | 310 |
| 17/04/2026 | As above | Buy | 37,184 | 4,242 | 4,242 |
| 17/04/2026 | As above | Buy | 5,356 | 611 | 611 |
| 17/04/2026 | As above | Buy | 1,893 | 216 | 216 |
| 17/04/2026 | As above | Buy | 5,294 | 604 | 604 |
| 17/04/2026 | As above | Buy | 780 | 89 | 89 |
| 17/04/2026 | As above | Buy | 10,247 | 1,169 | 1,169 |
| 17/04/2026 | As above | Buy | 3,611 | 412 | 412 |
| 17/04/2026 | As above | Buy | 5,978 | 682 | 682 |
| 20/04/2026 | As above | Buy | 370 | 42 | 42 |
| 20/04/2026 | As above | Buy | 246 | 28 | 28 |
| 20/04/2026 | As above | Buy | 1,751 | 199 | 199 |
| 20/04/2026 | As above | Buy | 493 | 56 | 56 |
| 20/04/2026 | As above | Buy | 1,637 | 186 | 186 |
| 20/04/2026 | As above | Buy | 22,405 | 2,546 | 2,546 |
| 20/04/2026 | As above | Buy | 3,230 | 367 | 367 |
| 20/04/2026 | As above | Buy | 1,135 | 129 | 129 |
| 20/04/2026 | As above | Buy | 3,186 | 362 | 362 |
| 20/04/2026 | As above | Buy | 466 | 53 | 53 |
| 20/04/2026 | As above | Buy | 6,169 | 701 | 701 |
| 20/04/2026 | As above | Buy | 2,174 | 247 | 247 |
| 20/04/2026 | As above | Buy | 3,599 | 409 | 409 |
| 20/04/2026 | As above | Buy | 15,657 | 1,783 | 1,783 |
| 20/04/2026 | As above | Buy | 50,826 | 5,788 | 5,788 |
| 20/04/2026 | As above | Buy | 2,924 | 333 | 333 |
| 20/04/2026 | As above | Buy | 1,185 | 135 | 135 |
| 20/04/2026 | As above | Buy | 5,040 | 574 | 574 |
| 20/04/2026 | As above | Buy | 6,147 | 700 | 700 |
| 20/04/2026 | As above | Buy | 8,386 | 955 | 955 |
| 20/04/2026 | As above | Buy | 6,200 | 706 | 706 |
| 20/04/2026 | As above | Buy | 211 | 24 | 24 |
| 20/04/2026 | As above | Buy | 316 | 36 | 36 |
| 20/04/2026 | As above | Buy | 114 | 13 | 13 |
| 20/04/2026 | As above | Buy | 1,510 | 172 | 172 |
| 20/04/2026 | As above | Buy | 422 | 48 | 48 |
| 20/04/2026 | As above | Buy | 1,414 | 161 | 161 |
| 20/04/2026 | As above | Buy | 19,380 | 2,207 | 2,207 |
| 20/04/2026 | As above | Buy | 2,792 | 318 | 318 |
| 20/04/2026 | As above | Buy | 984 | 112 | 112 |
| 20/04/2026 | As above | Buy | 2,757 | 314 | 314 |
| 20/04/2026 | As above | Buy | 404 | 46 | 46 |
| 20/04/2026 | As above | Buy | 5,339 | 608 | 608 |
| 20/04/2026 | As above | Buy | 1,888 | 215 | 215 |
| 20/04/2026 | As above | Buy | 3,117 | 355 | 355 |
| 20/04/2026 | As above | Buy | 18,102 | 2,057 | 2,057 |
| 20/04/2026 | As above | Buy | 58,758 | 6,677 | 6,677 |
| 20/04/2026 | As above | Buy | 3,379 | 384 | 384 |
| 20/04/2026 | As above | Buy | 1,373 | 156 | 156 |
| 20/04/2026 | As above | Buy | 5,826 | 662 | 662 |
| 20/04/2026 | As above | Buy | 7,102 | 807 | 807 |
| 20/04/2026 | As above | Buy | 9,698 | 1,102 | 1,102 |
| 20/04/2026 | As above | Buy | 7,163 | 814 | 814 |
| 20/04/2026 | As above | Buy | 141 | 16 | 16 |
| 21/04/2026 | As above | Buy | 289,041 | 32,568 | 32,568 |
| 21/04/2026 | As above | Buy | 39,037 | 4,369 | 4,369 |
Page 5 of 6
| Date of Change | Holder of relevant interest | Nature of Change | Consideration | Number of Securities | Person's Votes Affected |
|---|---|---|---|---|---|
| 21/04/2026 | As above | Buy | 53,996 | 6,084 | 6,084 |
| 21/04/2026 | As above | Buy | 21,886 | 2,466 | 2,466 |
| 21/04/2026 | As above | Buy | 93,028 | 10,482 | 10,482 |
| 21/04/2026 | As above | Buy | 113,431 | 12,781 | 12,781 |
| 21/04/2026 | As above | Buy | 154,860 | 17,449 | 17,449 |
| 21/04/2026 | As above | Buy | 114,452 | 12,896 | 12,896 |
| 21/04/2026 | As above | Buy | 3,949 | 445 | 445 |
| 21/04/2026 | As above | Buy | 5,866 | 661 | 661 |
| 21/04/2026 | As above | Buy | 2,183 | 246 | 246 |
| 21/04/2026 | As above | Buy | 27,939 | 3,148 | 3,148 |
| 21/04/2026 | As above | Buy | 7,828 | 882 | 882 |
| 21/04/2026 | As above | Buy | 26,128 | 2,944 | 2,944 |
| 21/04/2026 | As above | Buy | 357,680 | 40,302 | 40,302 |
| 21/04/2026 | As above | Buy | 51,511 | 5,804 | 5,804 |
| 21/04/2026 | As above | Buy | 18,176 | 2,048 | 2,048 |
| 21/04/2026 | As above | Buy | 50,925 | 5,738 | 5,738 |
| 21/04/2026 | As above | Buy | 7,508 | 846 | 846 |
| 21/04/2026 | As above | Buy | 98,557 | 11,105 | 11,105 |
| 21/04/2026 | As above | Buy | 34,772 | 3,918 | 3,918 |
| 21/04/2026 | As above | Buy | 57,528 | 6,482 | 6,482 |
| 21/04/2026 | As above | Buy | 196,123 | 21,950 | 21,950 |
| 21/04/2026 | As above | Buy | 636,556 | 71,243 | 71,243 |
| 21/04/2026 | As above | Buy | 36,634 | 4,100 | 4,100 |
| 21/04/2026 | As above | Buy | 14,850 | 1,662 | 1,662 |
| 21/04/2026 | As above | Buy | 63,117 | 7,064 | 7,064 |
| 21/04/2026 | As above | Buy | 76,975 | 8,615 | 8,615 |
| 21/04/2026 | As above | Buy | 105,085 | 11,761 | 11,761 |
| 21/04/2026 | As above | Buy | 77,654 | 8,691 | 8,691 |
| 21/04/2026 | As above | Buy | 2,681 | 300 | 300 |
| 21/04/2026 | As above | Buy | 3,976 | 445 | 445 |
| 21/04/2026 | As above | Buy | 1,483 | 166 | 166 |
| 21/04/2026 | As above | Buy | 18,951 | 2,121 | 2,121 |
| 21/04/2026 | As above | Buy | 5,307 | 594 | 594 |
| 21/04/2026 | As above | Buy | 17,736 | 1,985 | 1,985 |
| 21/04/2026 | As above | Buy | 242,701 | 27,163 | 27,163 |
| 21/04/2026 | As above | Buy | 34,954 | 3,912 | 3,912 |
| 21/04/2026 | As above | Buy | 12,339 | 1,381 | 1,381 |
| 21/04/2026 | As above | Buy | 34,561 | 3,868 | 3,868 |
| 21/04/2026 | As above | Buy | 5,093 | 570 | 570 |
| 21/04/2026 | As above | Buy | 66,870 | 7,484 | 7,484 |
| 21/04/2026 | As above | Buy | 23,597 | 2,641 | 2,641 |
| 21/04/2026 | As above | Buy | 938,132 | 105,705 | 105,705 |
| 24/04/2026 | As above | Sell | 338,077 | 38,354 | 38,354 |
| 14/05/2026 | As above | Sell - Transfer | 2,928,673 | 266,243 | 266,243 |
| 15/05/2026 | As above | Sell | 272,083 | 24,322 | 24,322 |
| 15/05/2026 | As above | Sell | 531,581 | 47,519 | 47,519 |
| 15/05/2026 | As above | Sell | 514,130 | 45,959 | 45,959 |
| 18/05/2026 | As above | Sell | 1,033,622 | 92,279 | 92,279 |
| 18/05/2026 | As above | Sell | 1,060,392 | 94,669 | 94,669 |
| 18/05/2026 | As above | Sell | 545,838 | 48,731 | 48,731 |
| 19/05/2026 | As above | Sell | 445,428 | 38,870 | 38,870 |
| 19/05/2026 | As above | Sell | 433,246 | 37,807 | 37,807 |
| 19/05/2026 | As above | Sell | 227,573 | 19,859 | 19,859 |
| 20/05/2026 | As above | Sell | 517,481 | 44,847 | 44,847 |
| 20/05/2026 | As above | Sell | 513,500 | 44,502 | 44,502 |
| 20/05/2026 | As above | Sell | 268,970 | 23,310 | 23,310 |
| 21/05/2026 | As above | Sell | 83,251 | 7,183 | 7,183 |
| 21/05/2026 | As above | Sell | 790,478 | 67,915 | 67,915 |
| 21/05/2026 | As above | Sell | 789,361 | 67,819 | 67,819 |
| 21/05/2026 | As above | Sell | 453,185 | 38,936 | 38,936 |
| 22/05/2026 | As above | Sell | 712,359 | 61,699 | 61,699 |
| 22/05/2026 | As above | Sell | 712,844 | 61,741 | 61,741 |
| 22/05/2026 | As above | Sell | 355,262 | 30,770 | 30,770 |
| 25/05/2026 | As above | Sell | 330,070 | 28,718 | 28,718 |
| 25/05/2026 | As above | Sell | 447,671 | 38,950 | 38,950 |
| 25/05/2026 | As above | Sell | 449,211 | 39,084 | 39,084 |
| 26/05/2026 | As above | Sell | 209,501 | 18,247 | 18,247 |
| 26/05/2026 | As above | Sell | 238,458 | 20,769 | 20,769 |
| 26/05/2026 | As above | Sell | 232,614 | 20,260 | 20,260 |
| Total Number of Securities | 30,303 |
Page 6 of 6
Annexure 2
This is page 1 of 2 of Annexure 2 referred to in ASIC Form 605 - ceasing to be a substantial holder
Matthews
Linda Matthews - Company Secretary of Challenger Limited
28/05/2026
| Company Name | ACN / Company Number | Country of 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 |
| Alphinity Investment Management Pty Ltd | 140833709 | Australia |
| Ardea Investment Management Pty Ltd | 132902722 | Australia |
| Ardea Investment Management (UK) Limited | 13043903 | United Kingdom |
| Artega Investment Administration Pty Limited | 661042093 | Australia |
| Bentham Asset Management Pty Ltd | 140833674 | Australia |
| Calix Re Holdings Limited | 202504686 | Bermuda |
| Calix Re Holdings US Limited | 10548639 | United States |
| Calix Re Limited | 202504726 | Bermuda |
| Calix Re MidCo Limited | 202504725 | Bermuda |
| Calix Re MidCo US Limited | 10548643 | United States |
| Calix Re Services Limited | 202505098 | Bermuda |
| Carolina HoldCo Pty Ltd | 695152900 | Australia |
| Carolina Pty Ltd | 695153023 | Australia |
| CDPG Australia Pty Limited | 124498095 | Australia |
| Challenger Financial Services Pty Limited | 087464131 | Australia |
| 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 Holdco2 Holdings Pty Ltd | 646761275 | Australia |
| Challenger Holdco3 Holdings Pty Ltd | 657425744 | Australia |
| Challenger Home Loan Corporation Pty Ltd | 058891302 | Australia |
| Challenger IM Capital FinCo Pty Ltd | 695836527 | Australia |
| Challenger IM Capital Limited | 687738263 | 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 Kabushiki Kaisha | 0100-01-182872 | Unknown |
| 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 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 Management Services (UK) Limited | 6393787 | United Kingdom |
| Challenger Mortgage Management Pty Ltd | 087271109 | Australia |
| Challenger NZ Holdco1 Limited | 9279773 | New Zealand |
| Challenger Non-conforming Finance Pty Ltd | 107725486 | Australia |
| Challenger Retirement and Investment Services Limited | 115534453 | Australia |
| Challenger Securitisation Management Pty Ltd | 100346898 | 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 |
| Eiger Capital Pty Limited | 631838607 | Australia |
| Fidante Partners AAM Holdings Pty Limited | 636490189 | Australia |
| Fidante Partners AB | 559327-5497 | Sweden |
Annexure 2
This is page 2 of 2 of Annexure 2 referred to in ASIC Form 605 - ceasing to be a substantial holder
Linda Matthews - Company Secretary of Challenger Limited
28/05/2026
| Company Name | ACN / Company Number | Country of Incorporation |
|---|---|---|
| Fidante Partners Alphinity Holdings Pty Ltd | 140716016 | Australia |
| Fidante Partners Ardea Holdings Pty Ltd | 133865853 | Australia |
| Fidante Partners Bentham Holdings Pty Ltd | 140715573 | Australia |
| Fidante Partners Cultiv8 Holdings Pty Ltd | 659373109 | Australia |
| Fidante Partners Eiger Holdings Pty Limited | 631837360 | Australia |
| Fidante Partners Europe Limited | 4040660 | United Kingdom |
| Fidante Partners FME Holdings Limited | 11410594 | United Kingdom |
| Fidante Partners Holdco1 Pty Limited | 666942196 | Australia |
| Fidante Partners Holdings (Guernsey) Limited | 43315 | Guernsey |
| Fidante Partners Holdings Europe Limited | 6172534 | United Kingdom |
| Fidante Partners Holdings Pty Limited | 123318650 | Australia |
| Fidante Partners Lennox Holdings Pty Limited | 616975565 | Australia |
| Fidante Partners Limited | 002835592 | Australia |
| Fidante Partners Liquid Strategies ICAV | C139635 | Ireland |
| Fidante Partners Merlon Holdings Pty Ltd | 140715662 | Australia |
| Fidante Partners Novaport Holdings Pty Ltd | 140715797 | Australia |
| Fidante Partners Ox Holdings Pty Ltd | 649174087 | Australia |
| Fidante Partners Services Limited | 119605373 | Australia |
| Fidante Partners System Holdings Pty Ltd | 678592928 | Australia |
| Fidante Partners Wavestone Holdings Pty Limited | 133626276 | Australia |
| Fidante Partners Whitehelm Holdings Pty Ltd | 169043903 | Australia |
| FME Asset Management Limited | 11064883 | United Kingdom |
| Fulcrum Asset Management LLP | OC306401 | United Kingdom |
| Fulcrum Asset Management Holdings Limited | 16777662 | United Kingdom |
| FAM Services Limited | 05000601 | United Kingdom |
| Greencape Capital Pty Ltd | 120328529 | Australia |
| Kabushiki Kaisha C & K | 0104-01-067168 | Japan |
| Kudu Investment Partners I, Lp | 47-2497501 | Unknown |
| Lease Collateral No.2 Pty Ltd | 168112481 | Australia |
| Lease Collateral Pty Ltd | 168112472 | Australia |
| Lease Funding Management Pty Ltd | 168112490 | Australia |
| Lending JV Holdco Pty Ltd | 661671683 | Australia |
| Lennox Capital Partners Pty Limited | 617001966 | Australia |
| 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 |
| Ox Capital Management HK Pty. Limited | 76656681 | Hong Kong |
| Resonance Asset Management Limited | 9028327 | United Kingdom |
| System Capital Pty Ltd | 657739323 | Australia |
| System Holdings Pty Ltd | 657737276 | Australia |
| US LLC Holdings Pty Ltd | 130888292 | Australia |
| US LLC Investments LLC | 36-4811214 | United States |
| Water Ventures Limited | 9592184 | United Kingdom |
| Wavestone Capital Pty Limited | 120179419 | Australia |