CHALLENGER LIMITED — Transaction in Own Shares 2026

Jun 2, 2026

Appendix 3C - Notification of buy-back

Announcement Summary

Name of entity
CHALLENGER LIMITED

Announcement type
Update announcement

Type of update
Daily buy-back notification

Date of this announcement
2/6/2026

Reason for update
Daily buy-back notification

ASX Security code and description of the class of +securities the subject of the buy-back
CGF : ORDINARY FULLY PAID

The type of buy-back is:
On market buy-back

Total number of +securities bought back before previous day
6,758,109

Total number of +securities bought back on previous day
202,188

Refer to next page for full details of the announcement

Appendix 3C - Notification of buy-back

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Appendix 3C - Notification of buy-back

Part 1 - Entity and announcement details

1.1 Name of entity
CHALLENGER LIMITED
We (the entity named above) provide the following information about our buy-back.
1.2 Registration number type
Registration number
ABN
85106842371
1.3 ASX issuer code
CGF
1.4 The announcement is
Update/amendment to previous announcement
1.4a Type of update
Daily buy-back notification
1.4b Reason for update
Daily buy-back notification
1.4c Date of initial notification of buy-back
17/2/2026
1.4d Date of previous announcement to this update
29/5/2026
1.5 Date of this announcement
2/6/2026
1.6 ASX Security code and description of the class of +securities the subject of the buy-back
CGF : ORDINARY FULLY PAID

Appendix 3C - Notification of buy-back

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Appendix 3C - Notification of buy-back

Part 2 - Type of buy-back

2.1 The type of buy-back is:
On market buy-back

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Appendix 3C - Notification of buy-back

Part 3 - Buy-back details

Part 3A - Details of +securities, price and reason

3A.1 Total number of +securities on issue in the class of +securities to be bought back
691,661,481

3A.4 Does the entity intend to buy back a minimum number of +securities
No

3A.5 Does the entity intend to buy back a maximum number of securities
No

3A.6 Name of broker or brokers who will offer to buy back +securities on the entity's behalf
Broker name:
UBS Securities Australia Limited

3A.9 Are the +securities being bought back for a cash consideration?
Yes

3A.9a Is the price to be paid for +securities bought back known?
No

3A.9a.1 In what currency will the buy-back consideration be paid?
AUD - Australian Dollar

Part 3B - Buy-back restrictions and conditions

3B.1 Does the buy-back require security holder approval?
No

Appendix 3C - Notification of buy-back

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Appendix 3C - Notification of buy-back

Part 3C - Key dates

On-market buy-back
3C.2 Proposed buy-back start date
4/3/2026
3C.3 Proposed buy-back end date
16/2/2027

Part 3D - Other Information

3D.1 Any other information the entity wishes to notify to ASX about the buy-back
The proposed on-market buy-back is subject to approval by the Australian Prudential Regulation Authority.

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Appendix 3C - Notification of buy-back

Part 4 - Daily buy-back notification

A daily buy-back notification must be submitted for Employee share scheme, On-market, Equal access share scheme and Other buy-backs at least half an hour before the commencement of trading on the +business day after any day on which +securities are bought back (per listing rule 3.8A)

Please verify if the pre-populated values are accurate as they are only indicative based on previous online submissions. The pre-populated values may not be accurate if previous online submissions are still in-flight or in case of announcements made via a MS Word form.

Whilst you may over-ride a pre-populated value, once over-ridden it will not be possible to retrieve the previously pre-populated value.

4.1 Date of this notification

2/6/2026

4.2 Previous day on which +securities were bought back

1/6/2026

	Before previous day	On previous day
4.3 Total number of +securities bought back, or in relation to which acceptances have been received	6,758,109	202,188
4.4 Total consideration paid or payable for the +securities	AUD 59,017,825.90000	AUD 1,808,531.83000
4.5 Highest price paid	AUD 9.61000000	AUD 8.99000000
	Date highest price was paid:
	21/5/2026
4.6 Lowest price paid	AUD 7.98000000	AUD 8.80000000
	Date lowest price was paid:
	13/4/2026

4.7 Highest price allowed to be paid by entity on the previous day under listing rule 7.33:

AUD 9.40060000

4.8 If the entity has disclosed an intention to buy back a maximum number of +securities, the remaining number of +securities to be bought back as at the end of the previous day

Appendix 3C - Notification of buy-back