HUB24 LIMITED — Major Shareholding Notification 2026

Apr 1, 2026

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02 April 2026

ASX Market Announcements ASX Limited Exchange Centre Level 27, 39 Martin Place, Sydney NSW 2000

Dear Sir/Madam,

Re: Notice of Initial substantial holder - Kapstream Investment Trust (ASX: KIT)

Please find attached a HUB24 Limited Form 603 Notice of Initial Substantial Holder.

Yours sincerely,

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Andrew Brown Company Secretary HUB24 Limited

HUB24 Limited | ABN 87 124 891 685 Level 17, 5 Martin Place, Sydney NSW 2000, Australia

E admin@HUB24.com.au T 1300 854 994

HUB24.COM.AU

A GPO Box 529, Sydney NSW 2001

Form 603

Corporations Act 2001

Section 671B

To Company Name/Scheme Kapstream Investment Trust (ASX:KIT) ACN/ARSN/ABN ARSN 691 029 124

1. Details of substantial holder (1)

HUB24 Limited ABN 87 124 891 685 (HUB) Name Investment Administration Services Pty Ltd ABN 86 109 199 108 ( IAS) Xplore Wealth Pty Limited ABN 34 128 316 441 ( Xplore ) ACN/ARSN (if applicable) HUB24 Limited ACN 124 891 685

The holder became a substantial holder on

31 March 2026 (HUB became aware of the change on 02 April 2026)

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person’s votes (5)	Voting power (6)
Ordinary Units	7,308,500 (as at date of this notice)	7,308,500 (as at date of this notice)	7.13% (as at date of this notice)

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
		7,308,500 ordinary units (as at
	HUB’s relevant interest arises from the	the date of this notice)
	appointment of its subsidiary, HUB24 Custodial
	Services Ltd, as Investment Manager of the
	HUB24 Super Fund under a term in the relevant
	agreement. Actual investment management is
	undertaken by sub-managers. The HUB24
	Super Fund invests into in the HUB24 Managed
	Portfolio Service, and the number of securities
	stated in the next column is adjusted to remove
	double counting of holdings.
HUB/IAS/Xplore	A relevant interest also arises through Managed Discretionary Account service for IAS clients
	and the IDPS-like Scheme known as the Xplore
	Managed Account. In practice these powers are
	delegated to and exercised by the relevant
	investment manager appointed by IAS to
	manage the client’s portfolio for both the Xplore
	Managed Account and the Managed
	Discretionary Account services.
	HUB has the same relevant interest as
	Xplore/IAS as Xplore/IAS are wholly owned
	subsidiaries of HUB24 and therefore it controls
	Xplore and IAS (section 608(3) (b) Corporations
	Act).

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
HUB/IAS/Xplore	BNP Paribas Securities Services (held as sub- custodian for HUB24 Custodial Services Ltd, the custodian for HUB24 Super and for HUB24 Managed Portfolio Service and the Xplore Managed Account).	BNP Paribas Securities Services (held as sub- custodian for HUB24 Custodial Services Ltd, the custodian for HUB24 Super and for HUB24 Managed Portfolio Service and the Xplore Managed Account).	258,500 ordinary units
HUB/IAS/Xplore	JP Morgan (held as sub- custodian for IAS, the custodian for IAS Managed Discretionary Account clients.	JP Morgan (held as sub- custodian for IAS, the custodian for IAS Managed Discretionary Account clients.	7,050,000 ordinary units

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number ofsecurities
		Cash	Non- cash
HUB/IAS/Xplore	All relevant dates of acquisitions	Refer to Annexure A		Refer to Annexure A

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

	Name and ACN/ARSN (if applicable)	Nature of association
	s
	s of persons named in this form are as follows:
	Name	Address
	HUB24 Limited	Level 17, 5 Martin Place, Sydney NSW 2000
	Investment Administration Services Pty	Level 17, 5 Martin Place, Sydney NSW 2000
	Ltd
	BNP Paribas Securities Services	L6, BNP Paribas Centre, 60 Castlereagh Street Sydney NSW
	JP Morgan	Level 15, 85 Castlereagh Street, Sydney, NSW 2000

7. Addresses

The addresses of persons named in this form are as follows:

Signature

print name Andrew Brown capacity Company Secretary, HUB24 Limited

sign here

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Date 02 April 2026

This is Annexure A of 1 page referred to in ASIC Form 603 lodged by HUB24 Limited.

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……………………………………………………….

Andrew Brown Company Secretary HUB24 Limited 02 April 2026

Transaction Date	Settlement Date	**Transaction Type **	Price	Quantity
18/03/2026	18/03/2026	Buy	2.000	5,130,947
18/03/2026	18/03/2026	Buy	2.001	726,341
18/03/2026	18/03/2026	Buy	2.004	128,210
18/03/2026	18/03/2026	Buy	2.006	74,908
18/03/2026	18/03/2026	Buy	2.002	640,660
18/03/2026	18/03/2026	Buy	2.008	24,868
18/03/2026	18/03/2026	Buy	2.003	329,433
18/03/2026	18/03/2026	Buy	2.005	150,856
18/03/2026	18/03/2026	Buy	2.007	60,729
18/03/2026	18/03/2026	Buy	2.009	18,713
18/03/2026	18/03/2026	Buy	2.019	1,499
18/03/2026	18/03/2026	Buy	2.010	13,817
18/03/2026	18/03/2026	Buy	2.011	5,121
18/03/2026	18/03/2026	Buy	2.012	2,398

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