WAM ACTIVE LIMITED — Capital/Financing Update 2021

Feb 23, 2021

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Share Purchase Plan Cleansing Notice under ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 (ASIC SPP Instrument)

24 February 2021 ASX announcement

For release to the market

Issuer: WAM Active Limited ACN 126 420 719

Notice:

WAM Active Limited (ASX: WAA) refers to its announcement on 24 February 2021 whereby eligible shareholders will have the opportunity to purchase a parcel of shares up to the value of $30,000 under a Share Purchase Plan (SPP).

The SPP will be offered in accordance with ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547. It is a condition of that Class Order that WAM Active Limited gives ASX this notice before the SPP offer is made. The SPP will open (and the SPP offer will be made) on 25 February 2021.

Accordingly, WAM Active Limited gives the ASX (as the relevant market operator) notice that:

1. WAM Active Limited will make offers to issue shares under a Share Purchase Plan without disclosure to investors under Part 6D.2 of the Corporations Act 2001(Cth);

2. This notice is given in accordance with paragraph 7(f)(ii) of ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547;

3. As at the date of this notice, WAM Active Limited has complied with:

4. (a) the provisions of Chapter 2M of the Corporations Act 2001 (Cth) as they apply to it;

5. (b) Section 674 of the Corporations Act 2001 (Cth); and

6. As at the date of this notice, there is no excluded information (as defined in subsections 708A(7) and 708A(8) of the Corporations Act 2001 (Cth)).

This announcement has been authorised by the Board of WAM Active Limited.

--Ends—

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info@wilsonassetmanagement.com.au Level 26, Governor Phillip Tower 1 Farrer Place Sydney NSW 2000 Australia

wilsonassetmanagement.com.au Telephone. + 61 2 9247 6755 Fax. +61 2 9247 6855

ABN 49 126 420 719

About WAM Active

WAM Active Limited has an investment management agreement with Wilson Asset Management. Listed in January 2008, WAM Active provides investors with exposure to an active trading style with the aim of achieving a sound return with a low correlation to traditional markets. WAM Active’s investment objectives are to deliver a regular income stream via fully franked dividends, provide a positive return with low volatility, after fees, over most periods of time, and to preserve capital.

All major platforms provide access to WAM Active, including AMP North, BT Panorama, Colonial First State FirstWrap, Netwealth, Macquarie Wrap and Hub24. WAM Active receives coverage from the following independent investment research providers:

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About Wilson Asset Management

Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for seven leading LICs: WAM Capital, WAM Leaders, WAM Global, WAM Microcap, WAM Alternative Assets, WAM Research and WAM Active, Wilson Asset Management invests over $3.5 billion on behalf of more than 90,000 retail investors. Wilson Asset Management is the created and is the lead supporter of the first listed investment companies to deliver both investment and social returns: Future Generation Australia (ASX: FGX) and Future Generation Global (ASX: FGG) Wilson Asset Management advocates and acts for retail investors, is a member of the global philanthropic Pledge 1% movement is a significant funder of many Australian charities and provides all team members with $10,000 each year to donate to charities of their choice. All philanthropic investments are made by the Investment Manager.

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For further information, visit wilsonassetmanagement.com.au or contact:

Geoff Wilson AO

Kate Thorley

Jesse Hamilton

Chairman & Chief Executive Officer Chief Financial Officer Chief Investment Officer (02) 9247 6755 (02) 9258 4953 (02) 9247 6755 0405 115 644 0401 944 807

James McNamara

Head of Corporate Affairs (02) 9258 4915 0416 734 080

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info@wilsonassetmanagement.com.au Level 26, Governor Phillip Tower 1 Farrer Place Sydney NSW 2000 Australia

wilsonassetmanagement.com.au Telephone. + 61 2 9247 6755 Fax. +61 2 9247 6855

ABN 49 126 420 719