HUMM GROUP LIMITED — Major Shareholding Notification 2025

Dec 7, 2025

604 page 1/2 15 July 2018

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company/registered scheme/notified foreign passport fund name Humm Group Limited ACN/ARSN/APFRN ACN 122 574 583 NFPFRN (if applicable)

1. Details of substantial holder (1)

Name

Jeremy Michael Kersten Raper and Collins St Asset Management Pty Ltd ACN 601 897 974 as trustee for Collins St Value Fund

ACN/ARSN/APFRN (if applicable) NFPFRN (if applicable)

There was a change in the interests of the substantial holder on

substantial holder on 5/12/2025 The previous notice was given to the company, or the responsible entity for a registered scheme, or the operator of a notified foreign passport fund on 29/10/2025 The previous notice was dated 29/10/2025

2. Previous and present voting power

The total number of votes attached to all the voting shares or interests in the company, scheme or fund that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company, scheme or fund, are as follows:

Class of securities (4)	Previous notice	Previous notice	Previous notice	Present notice	Present notice	Present notice
	’			’	Voting power(5)
	Persons votes	Voting pow	er(5)	Persons votes	Voting
OrdinaryShares	36,285,841	7.36%		41,815,841	8.36%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company, scheme or fund, since the substantial holder was last required to give a substantial holding notice to the company, scheme or fund are as follows:

Date ofchange	Person whoserelevant interestchanged	Nature ofchange (6)	Considerationgiven in relationto change (7)	Class andnumber ofsecuritiesaffected	Person’s votesaffected
31/10/25-5/12/25	JeremyMichaelKersten Raper	On market purchase	$3,400,950	5,530,000 OrdinaryShares	5,530,000

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder ofrelevantinterest	Registeredholder ofsecurities	Person entitledto be registeredas holder (8)	Nature ofrelevantinterest (6)	Class andnumber ofsecurities	Person’s votes
JeremyMichaelKersten Raper	JeremyMichaelKersten Raper	Jeremy MichaelKersten Raper	Pursuant to sections608(1)(a), (b) and (c)	24,200,000	24,200,000
CollinsStAssetManagement Pty Ltdas trustee for CollinsSt Value Fund	SandhurstTrustees Ltd	Collins St AssetManagement Pty Ltdas trustee for CollinsSt Value Fund	Pursuant to sections 608(1)(b) and (c)	17,615,841	17,615,841

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5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting securities in the company, scheme or fund are as follows:

Name and ACN/ARSN/APFRN (if	Nature of association
applicable) and NFPFRN (if
applicable)
JeremyMichael Kersten Raper
Collins St Asset Management Pty LtdACN 601 897 974 as trustee for Collins	Each holder is an associate of the other because they are acting in concert in relation to theaffairs of the Company.
St Value Fund

6. Addresses

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

Name	Address
JeremyMichael Kersten Raper	112 New South Head Road, Vaucluse NSW 2030
Collins St Asset Management Pty Ltd
ACN 601 897 974 as trustee for Collins	Level 9, 365 Little Collins Street, Melbourne VIC 3000
St Value Fund

Signature

print nameJeremy Raper Vasilios Piperoglou	capacity	Owner, CIO
sign here	date	8/12/2025
DIRECTIONS
er of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and
trust), the names could be included in an annexure to the form. If the relevant interests	of a group of persons are essentially similar,
ed to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members
paragraph 6 of the form.
f "associate" in section 9 of the Corporations Act 2001.
f "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
of a company constitute one class unless divided into separate classes.
divided by the total votes in the body corporate, scheme or fund multiplied by 100.

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person’s votes divided by the total votes in the body corporate, scheme or fund multiplied by 100.

• (6) Include details of:

  • (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

  • (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

  • See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (7) Details of the consideration must include any and all benefits, money or otherwise, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write “unknown’”.

• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

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