CHALLENGER LIMITED — Major Shareholding Notification 2021

Jun 29, 2021

Notice by Challenger Limited (and associates) required pursuant to a Corporations Act Section 259C(2) Exemption

To: Company Announcements ASX Limited

Shareholder

Name of shareholder: Challenger Limited (ACN 106 842 371) (Challenger) (and entities listed in Annexure 1).

Date of this Notice: 30 June 2021.

1. Previous Notice

The shareholder’s previous notice, given pursuant to an exemption under section 259C(2) of the Corporations Act 2001 (Cth), was dated 31 March 2021.

2. Total number of voting shares

The total number of voting shares in Challenger in respect of which Challenger, or its controlled entities, have the power to control voting or disposal (Interest) or to which a derivative exposure is held on the date of this notice is:

Class of shares	Total number of shares	Percentage of total shares in Challenger
Ordinary shares in Challenger	3,389,083 ordinary shares	0.5013%

3. Details of Present Interests and derivatives exposures

On the date of this notice, Challenger or its controlled entities had an Interest in, or derivatives exposure to, the following voting shares in Challenger, and the Interest or derivatives exposure was of the following nature:

Holder of Interest or derivatives exposure	Nature of Interest or derivatives exposure	Class and number of shares	Percentage of total shares in Challenger Limited
CPU Share Plans Pty Limited (CPU) as trustee of Challenger Performance Plan Trust (CPP Trust)	CPU is not a controlled entity of Challenger. Challenger has an Interest over Challenger shares held by CPU in the CPP Trust because under the trust deed, Challenger may direct CPU to allocate and transfer those shares to participants under the Challenger Performance Plan (Plan).	ordinary shares 1,389,083	0.2055%
Challenger Treasury Limited (CTL)	CTL has derivative exposures in respect of Challenger shares for the purpose of hedging its obligations to participants under the Plan.	ordinary shares 2,000,000	0.2958%

1

4. Changes (if any) in Interest or derivatives exposure since the previous notice

Particulars of each change in, or change in the nature of, the Interests of the shareholder in, or derivative exposure to, voting shares since the previous notice given by the shareholder are:

Holder of Interest	Date of Change	Nature of change (if any) since the previous notice	Class and number of voting shares
CPU as trustee of CPP Trust	N/a	N/a	N/a
Challenger Treasury Limited	N/a	N/a	N/a

5. Addresses

Name	Address
Challenger Treasury Limited, Challenger Limited and each entity listed in Annexure 1.	Level 2 5 Martin Place Sydney NSW 2000

6. Signature

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Linda Matthews Company Secretary Challenger Limited Date: 30 June 2021

This notice is pursuant to a Corporations Act 2001 (Cth) section 259C(2) exemption dated 18 December 2019 and comprises 6 pages in total.

2

Annexure 1

This is page 1 of 4 of Annexure 1 referred to in the notice given by Challenger Limited pursuant to an exemption under section 259C(2) of the Corporations Act 2001 (Cth)

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Linda Matthews

Company Secretary, Challenger Limited 30/06/2021

Company name	ACN / company number	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
255 Finance Services Pty Ltd	168 107 355	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
Ares Australia Management Pty Ltd	636 490 732	Australia
Assetsecure Pty. Ltd.	110 953 618	Australia
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 (Asia) Pte Ltd	202113533D	Singapore
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	4244127	England/Wales
Challenger Group Services Pty. Ltd.	085 657 307	Australia
Challenger Holdco1 Holdings Pty Ltd	645 868 659	Australia
Challenger Holdco2 Holdings Pty Ltd	646 761 275	Australia
Challenger Home Loan Corporation Pty Ltd	058 891 302	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	Japan
Challenger Japan Holdings Pty Limited	617 208 205	Australia
Challenger Japan Kabushiki Kaisha	0100-01-182920	Japan
Challenger Kabushiki Kaisha	0100-01-182872	Japan
Challenger LBC Terminals Holding Company Limited	C41149	Malta
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	7626067	England/Wales
Challenger Life Fund Property Investments Pty Ltd	161 212 693	Australia
Challenger Life Investments UK Limited	6067787	England/Wales

Annexure 1

This is page 2 of 4 of Annexure 1 referred to in the notice given by Challenger Limited pursuant to an exemption under section 259C(2) of the Corporations Act 2001 (Cth)

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Linda Matthews

Company Secretary, Challenger Limited 30/06/2021

Company name	ACN / company number	Country of incorporation
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	6393787	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
Challenger Treasury Limited	093 307 996	Australia
Challenger UK Terminals Limited	95751	Jersey
Challenger Wholesale Finance Holdings Pty Limited	087 284 240	Australia
Challenger Wind Holdings Pty Limited	151 496 061	Australia
CLS US Holdings, LLC	5302598	United States
CPHIC Investments Pty Ltd	093 340 526	Australia
CSPP1 Maitland Pty Ltd	122 460 968	Australia
CSPP1 Mavis Court Pty Ltd	122 461 983	Australia
Eiger Capital Pty Limited	631 838 607	Australia
Fidante Partners (Guernsey) Limited	40288	Guernsey
Fidante Partners AAM Holdings Pty Limited	636 490 189	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
Fidante Partners Europe Limited	4040660	England/Wales
Fidante Partners FME Holdings Limited	11410594	United Kingdom
Fidante Partners GP US LLC	5651702	United States
Fidante Partners Holdings (Guernsey) Limited	43315	Guernsey
Fidante Partners Holdings Europe Limited	6172534	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

Annexure 1

This is page 3 of 4 of Annexure 1 referred to in the notice given by Challenger Limited pursuant to an exemption under section 259C(2) of the Corporations Act 2001 (Cth)

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Linda Matthews Company Secretary, Challenger Limited 30/06/2021

Company name	ACN / company number	Country of incorporation
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 Ox Holdings Pty Ltd	649 174 087	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 Limited	133 626 276	Australia
Fidante Partners Whitehelm Holdings Pty Ltd	169 043 903	Australia
Fidante Partners Wyetree Limited	9387239	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 Nominees Holdings Pty Limited	122 853 114	Australia
Mawbury Pty Limited	096 097 479	Australia
Metisq Capital Holdings Pty Ltd	158 011 351	Australia
Metisq Capital Pty Ltd	104 642 613	Australia
Metisq Libra Greater China Equity Fund Ltd.	WK-237319	Cayman Islands
MIR Greater China Pte Ltd	200715836D	Singapore
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
Ox Capital Management Pty Ltd	648 887 914	Australia
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 Limited	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

Annexure 1

This is page 4 of 4 of Annexure 1 referred to in the notice given by Challenger Limited pursuant to an exemption under section 259C(2) of the Corporations Act 2001 (Cth)

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Linda Matthews

Company Secretary, Challenger Limited 30/06/2021

Company name	ACN / company number	Country of incorporation
US LLC Investments LLC	36-4811214	United States
Waterford County Pty Limited	122 853 089	Australia
Welcome Break Group Limited	3147949	England/Wales
Welcome Break Holdings (1) Limited	4099287	England/Wales
Welcome Break Holdings (2) Limited	4379574	England/Wales
Welcome Break Holdings Limited	3290817	Cayman Islands
Welcome Break Limited	1735476	England/Wales
Welcome Break No.1 Limited	8331837	England/Wales
Welcome Break No.2 Limited	8331870	England/Wales
Welcome Break Services Limited	4099292	England/Wales