HUB24 LIMITED — M&A Activity 2021

Dec 14, 2021

15 December 2021

Correction to ASX Announcement

Class Limited (ASX:CL1) ( Class ) wishes to advise of a correction to its announcement dated 14 December 2021 in relation to the amendment of the Scheme Implementation Deed.[1]

The announcement stated that HUB24 shares issued as Scrip Consideration would now include the 'right' or 'entitlement' to the interim dividend paid by HUB24 in respect of 1H22 (if any) and any associated franking credits, provided that the Scheme is implemented prior to the ex-dividend date for the HUB24 interim dividend.

It should instead state the HUB24 shares issued as Scrip Consideration include an 'unconditional right' or 'unconditional entitlement' to the interim dividend paid by HUB24 in respect of 1H22 (if any) and any associated franking credits, provided that the Scheme is implemented prior to the ex-dividend date for the HUB24 interim dividend.[2]

This announcement has been approved for release by Mr. Andrew Russell, Managing Director and CEO.

ENDS

For further information please contact:

Zoe Wise

Investor Relations Assistant

investor@class.com.au

1 Terms not otherwise defined have the meaning given in the Scheme Implementation Deed released to the ASX in connection with the Scheme ( Scheme Implementation Deed ).

2 Under the terms of the Scheme Implementation Deed dated 18 October 2021, if Class declared, determined or paid an interim dividend for or in respect of 1H22, the HUB24 Shares issued as Scrip Consideration would not include the right to receive any interim dividend declared, determined, or paid by HUB24 for or in respect of 1H22. Under the amended and restated Scheme Implementation Deed, this no longer applies, and Class will not be entitled to pay any dividends.