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FUTURE GENERATION GLOBAL LIMITED Share Issue/Capital Change 2026

Mar 12, 2026

64914_rns_2026-03-12_0a9149bf-fab3-4916-9ae2-5f3989115611.pdf

Share Issue/Capital Change

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Dividend Re-Investment Plan Rules

13 March 2026 ASX announcement and media release

Future Generation Global Limited (ASX: FGG) advises that it has undertaken a review of the Company’s Dividend Re-Investment Plan ( DRP ) Rules.

The DRP Rules have been amended to permit residual balances to be carried forward and to align the DRP Rules with current market practice.

All other updates are administrative in nature.

A copy of the revised DRP Booklet, including the updated DRP Rules, is attached and can also be accessed on the Company’s website at futuregeninvest.com.au/future-generation-global .

About Future Generation

Future Generation Australia (ASX: FGX) and Future Generation Global (ASX: FGG) are Australia's first listed investment companies that offer both investment and social returns.

Future Generation provides shareholders with exposure to leading Australian and global fund managers with the aim of delivering longterm capital growth, a stream of fully franked dividends and preserving shareholder capital.

This group of leading fund managers manage $1.4 billion in assets on a pro bono basis, waiving their management and performance fees, which allows the Future Generation companies to donate 1% of their average net tangible assets each year in our social impact partners and other not-for-profit organisations.

Since inception, the Future Generation companies have donated $100 million in Australian not-for-profit organisations.

In December 2024, Future Generation launched Future Generation Women, Australia’s first philanthropic women’s investment fund. As an unlisted trust, Future Generation Women aims to deliver investment returns through a combination of income and capital growth, while making tangible strides towards gender equality in Australia.

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11 Years Listed

Future Generation Global receives coverage from the following independent investment research providers:

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This announcement has been authorised by the Board of Future Generation Global Limited.

Future Generation Global Limited (ASX: FGG) ABN 52 606 110 838 futuregeninvest.com.au

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About Future Generation Global

Future Generation Global Limited (ASX: FGG) was listed in 2015

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Shareholders gain exposure to leading fund managers, without paying management or performance fees.

Social impact partners receive a reliable stream of income and improve youth mental health.

Fund managers have the unique opportunity to make a positive difference to Australia’s future generations.

All major platforms provide access to Future Generation Global, including AMP North, BT Panorama, Colonial First State Wrap, Netwealth, Macquarie Wrap and Hub24.

For more information visit www.futuregeninvest.com.au or contact:

Jennifer Westacott AO Lee Hopperton Bonnie Ashton Chair Chief Investment Officer General Manager

Elly McNee Corporate Affairs Manager

E. [email protected] T. (02) 9247 9202 T. (02) 9247 9202 T. (02) 9247 9202 M. 0407 654 686 M. 0408 834 842

T. (02) 9247 9202

M. 0449 663 178

Future Generation Global Limited (ASX: FGG) ABN 52 606 110 838 futuregeninvest.com.au

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(ACN 606 110 838)

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Future Generation Global Limited

Dividend Re-Investment Plan Booklet

1. Introduction

The Dividend Re-Investment Plan ( Plan ) offers shareholders the opportunity to purchase additional shares in Future Generation Global Limited ( Company ) by reinvesting part or all of their periodic dividends.

The Board considers it important that the Plan operates to the advantage of all shareholders, not only those that participate in the Plan. Therefore, the Board will only operate the Plan where they have formed the view that the benefits derived from the capital raised through the Plan will exceed the costs associated with the Plan. Accordingly, under the terms of the Plan the Board has the ability to:

  • a) limit the amount of Dividend which may be invested in subscription for shares under the Plan;

  • b) determine the discount to the weighted average market price that will be used to calculate the issue price for each issue of shares under the Plan; and

  • c) suspend, amend or terminate the Plan.

The following sections outline the way the Plan works and should be read in conjunction with the rules of the Plan. The Plan rules that are currently in place were adopted on 13 March 2026 and are set out in full at the back of this booklet. If you are interested in participating in the Plan you are encouraged to read the rules of the Plan in full.

2. Eligibility to Participate

Participation in the Plan is optional and is open to all shareholders resident in Australia and those who are resident outside Australia and who have produced to the Company such evidence as the Company may require to satisfy it that any necessary governmental approvals required by shareholders to participate in the Plan have been obtained and that their participation is not contrary to any applicable laws.

3. How to Participate

Shareholders wishing to participate in the Plan, that are eligible to do so should read this booklet (including the Plan rules) and complete and return the application (in a form that is capable of authentication). If necessary, consult your financial adviser before joining.

The Company may in its absolute discretion refuse any application to participate in the Plan.

If you hold shares in the Company through multiple accounts, a separate application will be required for each account.

4. When Participation Begins

Subject to the Company’s acceptance of your application your participation in the Plan will, in general, begin with the first Dividend paid after the Company accepts your application. If your application is received after the closing date for elections to participate in the Plan with respect to a particular Dividend, it will not be effective until the Company’s next Dividend. For each Dividend, the Board will determine in accordance with the Listing Rules the last date on which applications for participation must be received.

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Level 26, Governor Phillip Tower, 1 Farrer Place, Sydney NSW 2000 Future Generation Global Limited (ASX: FGG) ABN: 52 606 110 838

E. [email protected] W. futuregeninvest.com.au T. (02) 9247 9202

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5. Full or Partial Participation

Shareholders wishing to participate in the Plan can elect to participate in respect of all of the shares registered in their name or in respect of a specified number of such shares only. Accordingly, shareholders have two options when completing an application form; shareholders can elect:

  • a) Full Participation: Dividends on all shares held by a shareholder (including any additional shares acquired in the future whether under the Plan or otherwise) will be reinvested in acquiring new shares under the Plan (subject to any limits on reinvestment announced by the Company from time to time).

  • b) Partial Participation: The shareholder can nominate the number of shares which participate in the Plan. Only the dividends on those shares (and any new shares issued under the Plan in respect of those shares) will be reinvested in acquiring new shares under the Plan and shareholders will continue to receive cash dividends on the rest of their shares.

If an application does not clearly indicate the level of participation in the Plan, it will be deemed to be an application for “full participation”.

6. Shares Issued Under the Plan

Under the Plan, participating shareholders are to be issued with new fully paid ordinary shares in the Company.

All new shares allotted and issued under the Plan will rank equally in all respects with existing shares from the date of issue. After allotment, the Company will apply to have the new shares issued under the Plan quoted on the ASX.

7. How the Plan Operates

When announcing a dividend, the Company will announce via the ASX:

  • a) the amount of the dividend;

  • b) any limit on the amount of dividend which may be invested in subscription for shares under the Plan (if applicable);

  • c) the record date for the dividend;

  • d) the closing date by which shareholders must lodge an election to participate or vary their Plan participation if they wish their election to take effect in respect of the current dividend period;

  • e) the payment date for that dividend; and

  • f) any other information required by the ASX Listing Rules from time to time.

Following the end of a dividend period, the Company will determine each shareholder’s net dividend entitlement.

8. Subscription Price

Shares allotted under the Plan will be allotted at a price determined in accordance with the Corporations Act and the Listing Rules equal to the volume weighted average market price of Shares sold on the ASX over the four trading days commencing on the ex-dividend date for the relevant dividend, less any discount determined by the Directors (at their discretion).

9. Disposal of Shares

If a participating shareholder elects for “Full Participation” and then sells some of its shares, the dividends on their remaining shares will continue to be reinvested under the Plan.2

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Level 26, Governor Phillip Tower, 1 Farrer Place, Sydney NSW 2000 Future Generation Global Limited (ASX: FGG) ABN: 52 606 110 838

E. [email protected] Page 2 of 9 W. futuregeninvest.com.au T. (02) 9247 9202

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If a participating shareholder elects for “Partial Participation” and then sells some of its shares, the number of shares sold will be deemed firstly to be shares that are not participating in the Plan and secondly, once all non-participating shares are all deemed to have been sold, participating shares under the Plan.

10. Variation or Termination of Participation

Shareholders may vary their level of participation in the Plan or withdraw from the Plan at any time by giving notice to the Company’s share registry. The notice must be in the form approved by the Company from time to time.

The Company may in its absolute discretion refuse any variation of level of participation in the Plan (but not any withdrawal). The Company will determine the last date on which it will accept variations with respect to each dividend.

Provided the variation notice is received by the Company before the cut-off for a specific dividend, the variation (subject to acceptance by the Company) will be effective in relation to any dividends paid after the notice is received.

The termination notice will be effective with respect to all dividends paid after the notice is received by the Company.

11. Variation, Suspension and Termination of Plan

The Company may at its discretion vary the Plan rules at any time by notice on the Company’s website and by notice to the ASX. If the Plan rules are varied, participating shareholders will continue to participate under the Plan and the rules, in their varied form, will apply to them.

The Company may also suspend or terminate the operation of the Plan at any time by notice on the Company’s website and by notice to ASX. The Company may reinstate the Plan following a suspension at any time by notice on the Company’s website and by notice to ASX.

12. Brokerage and Commission

The Company will issue new shares under the Plan free of brokerage fees and/or commission.

13. Plan Underwriting

Where the Board considers it appropriate, the Company may periodically have the Plan underwritten.

14. Taxation

Under current Australian taxation laws, reinvested income will be regarded for tax purposes as if it were received in cash. Please refer to the Plan dividend statement for the details of each dividend.

The Company does not take any responsibility for the taxation liabilities of shareholders and suggests that you obtain independent advice concerning your taxation position.

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Level 26, Governor Phillip Tower, 1 Farrer Place, Sydney NSW 2000 Future Generation Global Limited (ASX: FGG) ABN: 52 606 110 838

E. [email protected] W. futuregeninvest.com.au T. (02) 9247 9202

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Dividend Re-Investment Plan Rules

Set out below are the terms and conditions ( Rules ) that apply in relation to the Future Generation Global Limited Dividend Re-Investment Plan ( Plan ).

1. Definitions and interpretation

  • 1.1 Definitions

In these Rules:

ASX means ASX Limited (ACN 008 624 691) or the financial market operated by ASX Limited (as the context requires).

Board means the board of Directors of the Company.

Company means in Future Generation Global Limited (ACN 606 110 838).

Directors means the directors of the Company.

Dividend means a cash dividend or cash component of a dividend.

Eligible Member means a person registered as the holder of a Share:

  • (i) whose address as it appears in the register of members of the Company is (and, in the case of a Share held jointly by two or more persons, all of whose addresses appearing in such register are situated) in Australia; or

  • (ii) whose address as it appears in the register of members of the Company is (and, in the case of a Share held jointly by two or more persons, one of whose addresses appearing in such register is) outside Australia and who has produced to the Company such evidence as the Company may require to satisfy the Company that any necessary approvals of any governmental authority in relation to participation in the Plan have been obtained and that participation is not contrary to any applicable laws of Australia or any other relevant jurisdiction;

Listing Rules means the listing rules of ASX.

Participant means an Eligible Member who has applied to participate in the Plan and whose application has been accepted by the Board under Rule 3.

Plan Share means a Share that is designated a plan share under Rule 3(a).

Record Date means the date on which the Share’s register is closed in order to determine entitlements to a Dividend in accordance with the requirements of the Listing Rules.

Register means the register established and maintained under Rule 4(a).

Share means an ordinary share fully paid in the capital of the Company.

Subscription Price means the subscription price determined in accordance with Rule 5(a).

Trading Day means a business day on which one or more Shares are traded on the ASX.

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Level 26, Governor Phillip Tower, 1 Farrer Place, Sydney NSW 2000 Future Generation Global Limited (ASX: FGG) ABN: 52 606 110 838

E. [email protected] W. futuregeninvest.com.au T. (02) 9247 9202

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1.2 Interpretation

Subject to any express or implied contrary intention:

  • (i) words importing the singular include the plural and vice versa;

  • (ii) a gender includes all genders;

  • (iii) words importing natural persons include corporations and vice versa; and

  • (iv) references to Rules are references to individual paragraphs of this Plan.

2. Applications

  • a) No person other than an Eligible Member may apply to participate in the Plan.

  • b) Each Eligible Member who wishes to participate in the Plan must complete and lodge with the Company an application form in the form approved by the Directors for that purpose ( Dividend Election Notice ).

  • c) An Eligible Member may elect in the Dividend Election Notice to participate in the Plan in respect of:

  • (i) part only of the Shares of which they are registered holders at the time the Company receives the Dividend Election Notice including any Shares allotted to them under the Plan ( First Alternative ); or

  • (ii) all of the Shares of which they are the registered holder as at each record date for a dividend including any Shares allotted to them pursuant to the Plan or otherwise and any Shares acquired by them other than by allotment ( Second Alternative ),

  • and must nominate in their Dividend Election Notice which of the First Alternative or Second Alternative they wish to apply in respect of their application.

  • d) If Eligible Members nominate the First Alternative, they must specify the number of Shares in respect of which they seek to participate in the Plan. If they fail to nominate either the First Alternative or the Second Alternative or, where they nominate the First Alternative, fail to specify the number of Shares in respect of which they wish to participate, the Eligible Member will be deemed to have elected the Second Alternative.

  • e) No Eligible Member may transfer their right to any allotment of Shares pursuant to this Plan.

3. Acceptance of Applications

  • a) The Company may in its absolute discretion accept or refuse any application made by an Eligible Member under Rule 2. The Company’s acceptance of such an application must be recorded in the Register in accordance with Rule 4(a). The Shares subject of such an application become designated Plan Shares from that date.

  • b) For each Dividend, the Company will determine in accordance with the Listing Rules the last date on which Dividend Election Notices must be received.

  • c) Subject to Rule 3(d), each application accepted by the Company is effective in respect of the first Dividend payable after acceptance of the applicable Dividend Election Notice and each subsequent Dividend (subject to Rules 6 and 9).

  • d) Any application form received by the Company after the deadline for Dividend Election Notices with respect to a particular Dividend (determined in accordance with Rule 3(b)) is not effective in respect of that Dividend but is effective in respect of subsequent Dividends.

  • e) An Eligible Member who applies to participate in the Plan is deemed to have directed the Company to apply such cash Dividend amounts as required for the subscription of the number of Shares determined in accordance with Rule 5.

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Level 26, Governor Phillip Tower, 1 Farrer Place, Sydney NSW 2000 Future Generation Global Limited (ASX: FGG) ABN: 52 606 110 838

E. [email protected] W. futuregeninvest.com.au T. (02) 9247 9202

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4. Register

  • a) The Company must establish and maintain a register in which it will record, in respect of each Participant, particulars of:

  • (i) the Participant’s name and address;

  • (ii) the number of the Participant’s Plan Shares; and

  • (iii) any variation approved by the Company under Rule 6(a).

  • b) The Register is conclusive evidence of the matters recorded in it.

5. Investment of Dividends

  • a) Shares allotted under Rule 5(b)(v) will be allotted at a price determined in accordance with the Corporations Act and the Listing Rules equal to the volume weighted average market price of Shares sold on the ASX over the four trading days commencing on the ex-dividend date for the relevant dividend less any discount determined by the Directors (at their discretion) ( Subscription Price ).

  • b) In respect of each cash Dividend due and payable to a Participant in respect of this Plan Shares which the Board determines will be satisfied (in whole or in part) by issue and allotment of new Shares, the Company must:

  • (i) determine the amount of cash Dividend payable in respect of one of the Participant’s Plan Shares;

  • (ii) aggregate the amount so determined (multiplying it by the total number of Plan Shares held by that Participant) and deduct (where applicable) any Australian withholding or other tax deductible by the Company or required to be remitted to the Australian Tax Office in respect of the Dividend, and any other sum the Company is entitled to retain in respect of that Participant’s Plan Shares;

  • (iii) determine the maximum number of Shares that could be acquired by the application of that aggregate to the subscription for Shares at the Subscription Price;

  • (iv) on behalf of and in the name of the Participant subscribe for that number of additional Shares; (v) allot and issue that number of additional Shares to the Participant and adjust the Register accordingly;

  • (vi) where the number of Shares ascertained in accordance with Rule 5(b)(iii) results in a fraction, round the number of Shares so ascertained down to the nearest whole number; and

  • (vii) retain in the Participant’s Plan account, without interest, any cash balance remaining. If a Participant ceases to participate in the Plan for any reason, ceases to be eligible to participate, or if the Board suspends or terminates the Plan, the Company is not required to pay, or account, to a Participant for any balance held in the Participant’s Plan account. By applying to participate in the Plan, each Participant is taken to have agreed to such forfeiture.

  • c) All Shares allotted and issued under the Plan rank equally in all respects with existing Shares from the date of allotment.

  • d) Shares to be allotted under the Plan must be allotted within the time required by the Listing Rules.

  • e) Shares allotted under the Plan must be registered on a register where the Participant to whom the Shares are allotted already holds Shares.

6. Variation or Termination of Participation

  • a) Participants may at any time apply to increase or decrease the number of their Plan Shares by completing and lodging with the Company a form approved for that purpose by the Board and the Company may, in its absolute discretion, approve or refuse such an application ( Variation Notice ). The Company will determine in accordance with the Listing Rules the last date on which Variation Notices must be received with respect to each Dividend.

  • b) The Company’s approval of a Variation Notice must be recorded by entering the variation requested in the Register and the variation is effective on that entry being made.

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Level 26, Governor Phillip Tower, 1 Farrer Place, Sydney NSW 2000 Future Generation Global Limited (ASX: FGG) ABN: 52 606 110 838

E. [email protected] W. futuregeninvest.com.au T. (02) 9247 9202

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  • c) Participants may at any time give to the Company notice of termination of their participation in the Plan in such form as the Board approves for that purpose ( Termination Notice ) and on the date the Company receives that notice, the Participant ceases to be a Participant and all Plan Shares held by that Participant cease to be Plan Shares on that date.

  • d) If a Participant dies, participation by him/her and any other Participants with whom the deceased was a joint Participant is terminated on the date the Company receives notice of death of the deceased Participant.

  • e) If Participants dispose of all of their Shares without giving the Company a Termination Notice and are not registered as the holders of any Shares when the Company’s Share register is next closed for determination of entitlements to a payment of a Dividend, the Participants are deemed to have terminated their participation on the last date when the Company registered a transfer or instrument of disposal of their Shares.

  • f) Where Participants dispose of some but not all of their Shares, then unless they advise the Company otherwise prior to the registration of the transfer or instrument of disposal of such Shares:

  • (i) if the Shares disposed of (Sold Shares) are in number less than or equal to the number of their Shares which are not Plan Shares (non-Plan Shares), the Sold Shares are deemed to be nonPlan Shares;

  • (ii) if the Sold Shares are more in number than the number of their non-Plan Shares, the Sold Shares are deemed to include all of their non-Plan Shares together with that additional number of their Plan Shares which is equal to the number calculated by subtracting from the number of Sold Shares, the number of their non-Plan Shares.

7. Stock Exchange Listing

After each allotment of new Shares under the Plan, the Company must promptly apply for their quotation on the official list of ASX.

8. Limitation of Subscription

The Board may at any time by notice on the Company’s website and on the ASX:

  • a) limit the amount of Dividend that may be invested in subscriptions for Plan Shares; and

  • b) require that the amount of Dividend that may be invested in subscriptions for Plan Shares exceed a minimum amount (in aggregate or individually for each Participant).

9. Variation, Suspension and Termination of the Plan

  • a) The Board may vary, suspend or terminate these Rules at any time or from time to time by notification on the Company’s website and by notice to the ASX. For the avoidance of doubt, where the Company has announced that the Plan will operate in respect of a Dividend, subject to the Listing Rules, the Company retains the discretion to suspend the Plan in respect of that Dividend at any time prior to the payment date for that Dividend.

  • b) The variation, suspension or termination takes effect on the date specified by the Board and the variation, suspension or termination does not give rise to any liability on the part of, or right or action against, the Company or its officers, employees or agents.

  • c) If the Plan is suspended, an election as to participation in the Plan will also be suspended and all Plan Shares are deemed not to be Plan Shares for the purpose of any Dividend paid while the Plan is suspended.

  • d) Any suspension under Rule 9(c) will continue until such time as the Board resolves to recommence or terminate the Plan.

  • e) The Board may reinstate the Plan following a suspension in accordance with this Rule 9 by notification on the Company’s website and by notice to ASX. Upon reinstatement of the Plan, all

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Level 26, Governor Phillip Tower, 1 Farrer Place, Sydney NSW 2000 Future Generation Global Limited (ASX: FGG) ABN: 52 606 110 838

E. [email protected] W. futuregeninvest.com.au T. (02) 9247 9202

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prior elections will be reinstated and will continue to apply unless the Board determines otherwise.

  • f) The Board may settle any difficulties, anomalies or disputes which may arise in connection with, or by reason of, the operation of the Plan, whether generally or in relation to any Participant or any Shares in such manner as they think is expedient and the determination of the Board is conclusive and binding on all Participants and other persons to whom the determination relates.

  • g) The accidental omission to give any notice of any variation, suspension or termination of the Plan to any participant or the non-receipt of any notice by any participant does not invalidate the variation, suspension or termination of the Plan.

10. Applications and Other Notices

  • a) Applications and notices to the Company must be in the form the Board has approved from time to time. The Board may determine that applications and notices to the Company may be lodged electronically either through the Company’s website or that of an authorised third party (including the Company’s share registry). Any application or notice lodged electronically must comply with the applicable terms and conditions of the electronic lodgement facility.

  • b) Subject to Rules 10(c) and 10(d), applications and notices are effective upon acceptance by the Company or its share registry (where appropriate).

  • c) Applications or notices accepted after the closing date determined by the Company for elections to participate or vary participation in the Plan for a particular Dividend are not effective in respect of that Dividend but are effective in respect of subsequent Dividends.

  • d) The Company has absolute discretion to:

  • (i) accept or reject any Dividend Election Notice or Variation Notice;

  • (ii) accept or reject an application or notice that is not properly completed or signed; and

  • (iii) prior to acceptance, clarify with an Eligible Member any instruction with respect to an application or notice in order for the application or notice to be properly completed.

  • e) The accidental omission by the Company to give any notice under these Rules to any Participant, Eligible Member, ASX or any other person will not invalidate any act, matter or thing.

  • f) For the purposes of this Rule 10, an application or notice includes, but is not limited to, a Dividend Election Notice, a Variation Notice and a Termination Notice.

11. Costs of Participants

No brokerage, commissions or other transaction costs is payable by Participants for an allotment of new Shares under the Plan.

12. Statements

As soon as practicable after each allotment of Shares under Rule 5 and as required by the Listing Rules, the Company must send to each Participant to whom Shares have been allotted a statement setting out, in respect of each Participant:

  • a) the number of the Participant’s Plan Shares as at the Record Date for the relevant Dividend;

  • b) the amount of any withholding or other tax or other sum the Company has retained or remitted to the Australian Tax Office in relation to the Dividend or the Plan Shares;

  • c) the amount of the cash Dividend due and payable to that Participant in respect of the Participant’s Plan Shares which have been applied towards subscription for additional Shares;

  • d) the number of additional Shares allotted to the Participant under Rule 5;

  • e) the number of Shares (including Plan Shares) in respect of which the Participant is the registered holder after such allotment;

  • f) any cash balance carried forward; and

  • g) such other information as the Board or Company may at any time determine.

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Level 26, Governor Phillip Tower, 1 Farrer Place, Sydney NSW 2000 Future Generation Global Limited (ASX: FGG) ABN: 52 606 110 838

E. [email protected] Page 8 of 9 W. futuregeninvest.com.au T. (02) 9247 9202

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13. Participants to be Bound

Participants are bound by these Rules in respect of the Plan as modified or varied from time to time under Rule 9.

14. Disputes

The Board has absolute discretion to resolve any dispute concerning the Plan in the manner it sees fit or to adopt any administrative procedures as it deems appropriate. The decision of the Board will be final and binding on the Participants.

15. Disclaimer

Subject to applicable laws, none of the Board, its officers, employees, representatives or agents guarantee or warrant the future performance of the Company. International investors should be aware that the offer of Shares under the Plan may involve currency exchange risk as Shares will be quoted on the ASX in Australian dollars.

16. Governing Law

The Plan, the Plan rules and the operation of the Plan are governed by the laws of New South Wales, Australia.

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Level 26, Governor Phillip Tower, 1 Farrer Place, Sydney NSW 2000 Future Generation Global Limited (ASX: FGG) ABN: 52 606 110 838

E. [email protected] W. futuregeninvest.com.au T. (02) 9247 9202

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