CHALLENGER LIMITED — Major Shareholding Notification 2020

Form 605

Corporations Law Section 671B

Notice of ceasing to be a substantial holder

To: Company Name/Scheme CHALLENGER LIMITED

ACN/ARSN

106 842 371

1. Details of substantial holder (1)

Name

UBS Group AG and its related bodies corporate

ACN/ARSN (if applicable):

The holder ceased to be a substantial shareholder on

The previous notice was given to the company on

The previous notice was dated

28 August 2020 31 August 2020 27 August 2020

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

4. Addresses

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

SIGNATURE

Contact details for this notice:

-------------------------------------------------------------Andrew Costley Group Compliance, Regulatory & Governance (T) +852 3712 3707