WAM ACTIVE LIMITED — M&A Activity 2020

Mar 1, 2020

WAM Active Limited (ACN 126 420 719)

Notice pursuant to section 650F of the Corporations Act 2001 (Cth)

• To: Keybridge Capital Limited (ACN 088 267 190) ( KBC

ASX Limited

WAM Active Limited (ACN 126 420 719) ( WAM Active ) gives this notice ( Notice ) under section 650F of the Corporations Act 2001 (Cth) ( Corporations Act ) in relation to the offer dated 3 January 2020 ( Offer ) to acquire all of the ordinary shares in KBC on the terms set out in the bidder’s statement dated 13 December 2019 ( Bidder’s Statement ) (as varied on 24 January 2020, 10 February 2020 and 24 February 2020).

Unless defined to the contrary, words defined in the Bidder’s Statement have the same meaning in this Notice.

Freeing of Conditions

Pursuant to section 650F of the Corporations Act 2001 (Cth), WAA gives notice that:

• (a) The Offer is free of the Condition set out in section 10.7(c) (No Prescribed Occurrences) of the Bidder’s Statement; and

• (b) As at the date of this Notice, WAA’s voting power in KBC is approximately 50.06%.

Accordingly, the Offer is now unconditional .

Dated: 2 March 2020

Signed for and on behalf of WAM Active Limited by:

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Geoff Wilson AO Chairman