CHALLENGER LIMITED — Major Shareholding Notification 2021

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Sydney

Level 2, 5 Martin Place Sydney NSW 2000 Australia GPO Box 3698 Sydney NSW 2001 www.challenger.com.au

Telephone 02 9994 7000 Facsimile 02 9994 7777

6 April 2021

The Manager Company Announcements Office ASX Limited 20 Bridge Street SYDNEY NSW 2000

By electronic lodgement

Dear Sir/Madam

Re: Notice of change of interests of substantial holder – Omni Bridgeway Limited (OBL)

We attach a notice of change of interests of substantial holder in Omni Bridgeway Limited. This notice is given by Challenger Limited and each of its associated entities named in Annexure 2 to this notice.

Yours faithfully

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Linda Matthews Company Secretary

Melbourne Level 19, 31 Queen Street PO Box 297, Flinders Lane, Melbourne VIC 3000 Telephone 02 9994 7000 Facsimile 02 9994 7777 Brisbane Level 6, 215 Adelaide Street, Brisbane QLD 4000 Telephone 07 3136 5400 Facsimile 07 3136 5407 Perth Level 26, 140 St Georges Terrace, Perth WA 6000 Telephone 08 6466 9613 Adelaide Level 7, Suite 714, 147 Pirie Street, Adelaide SA 5000 Telephone 08 8427 9511

Challenger Limited ABN 85 106 842 371 Challenger Group Services Pty Limited ABN 91 085 657 307 Challenger Life Company Limited ABN 44 072 486 938 AFSL 234670 Challenger Investment Partners Limited ABN 29 092 382 842 AFSL 234 678 Challenger Retirement and Investment Services Limited ABN 80 115 534 453 AFSL295642 RSE Licence No. L0001304 Challenger Mortgage Management Pty Ltd ABN 72 087 271 109 Challenger Securitisation Management Pty Ltd ABN 56 100 346 898 AFSL 244593 Challenger Investment Solutions Management Pty Ltd ABN 63 130 035 353 AFSL 487354

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Form 604

Corporations Act 2001 Section 671B Notice of change of interests of substantial holder

2. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

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 or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

4. Present relevant interests

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

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 interests in the company or scheme are as follows:

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Name and ACN/ARSN (if applicable) Nature of association
N/A N/A
6. Addresses
The addresses of persons named in this form are as follows:
Name Address
Challenger Limited (and its entities Level 2, 5 Martin Place, Sydney NSW 2000
listed in Annexure 2)
Signature
print name Linda Matthews Capacity Company Secretary
sign here date 06/04/2021
DIRECTIONS
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(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 or scheme 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 and other, 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.

Annexure 1 consists of 1 page and is referred to in Form 604 signed by me and dated 06/04/2021

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Linda Matthews Company Secretary of Challenger Limited

Transactions: Company Name/Scheme: Omni Bridgeway Limited (OBL) As at: 31/03/2021 Class of security: Ordinary Fully Paid

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Number of Person's Votes
Date of Change Holder of relevant interest Nature of Change Consideration Securities Affected
Challenger Limited (and its
entities listed in Annexure
21/10/2020 2) Buy 12,579 3,412 3,412
21/10/2020 [As above] Buy 65,932 17,892 17,892
21/10/2020 [As above] Buy 12,214 3,313 3,313
21/10/2020 [As above] Buy 64,012 17,371 17,371
21/10/2020 [As above] Buy 5,847 1,586 1,586
21/10/2020 [As above] Buy 30,652 8,318 8,318
21/10/2020 [As above] Buy 20,147 5,465 5,465
21/10/2020 [As above] Buy 105,594 28,655 28,655
21/10/2020 [As above] Buy 1,943 527 527
21/10/2020 [As above] Buy 10,185 2,764 2,764
22/10/2020 [As above] Buy 59,206 16,082 16,082
22/10/2020 [As above] Buy 57,483 15,614 15,614
22/10/2020 [As above] Buy 27,527 7,477 7,477
22/10/2020 [As above] Buy 94,824 25,757 25,757
22/10/2020 [As above] Buy 9,145 2,484 2,484
23/10/2020 [As above] Buy 31,244 8,484 8,484
23/10/2020 [As above] Buy 30,069 8,165 8,165
23/10/2020 [As above] Buy 14,410 3,913 3,913
23/10/2020 [As above] Buy 49,606 13,470 13,470
23/10/2020 [As above] Buy 4,780 1,298 1,298
30/10/2020 [As above] Buy 765,487 223,350 223,350
30/10/2020 [As above] Buy 243,277 70,982 70,982
30/10/2020 [As above] Buy 116,453 33,978 33,978
30/10/2020 [As above] Buy 401,213 117,064 117,064
30/10/2020 [As above] Buy 38,574 11,255 11,255
02/11/2020 [As above] Buy 615,301 185,869 185,869
02/11/2020 [As above] Buy 195,545 59,070 59,070
02/11/2020 [As above] Buy 93,605 28,276 28,276
02/11/2020 [As above] Buy 322,496 97,419 97,419
02/11/2020 [As above] Buy 31,005 9,366 9,366
20/11/2020 [As above] Buy 377,874 97,900 97,900
25/11/2020 [As above] Buy 531,863 125,000 125,000
23/12/2020 [As above] Buy 29,735 7,816 7,816
30/12/2020 [As above] Buy 112,075 26,770 26,770
30/12/2020 [As above] Buy 11,141 2,661 2,661
30/12/2020 [As above] Buy 5,853 1,398 1,398
30/12/2020 [As above] Buy 34,657 8,278 8,278
30/12/2020 [As above] Buy 1,461 349 349
08/02/2021 [As above] Buy 589,536 160,000 160,000
15/02/2021 [As above] Buy 70,864 19,435 19,435
16/02/2021 [As above] Buy 289,542 79,573 79,573
17/02/2021 [As above] Buy 265,173 72,992 72,992
25/02/2021 [As above] Buy 213,268 56,987 56,987
26/02/2021 [As above] Buy 458,826 123,513 123,513
15/03/2021 [As above] Buy 780,791 215,688 215,688
15/03/2021 [As above] Buy 625,460 172,779 172,779
15/03/2021 [As above] Buy 298,639 82,497 82,497
15/03/2021 [As above] Buy 1,024,446 282,996 282,996
15/03/2021 [As above] Buy 98,631 27,246 27,246
29/03/2021 [As above] Buy 611,430 178,000 178,000
30/03/2021 [As above] Buy 722,127 210,000 210,000
31/03/2021 [As above] Buy 278,826 79,336 79,336
31/03/2021 [As above] Buy 221,016 62,887 62,887
31/03/2021 [As above] Buy 105,607 30,049 30,049
31/03/2021 [As above] Buy 362,201 103,059 103,059
31/03/2021 [As above] Buy 34,871 9,922 9,922
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Total Number of Securities 3,265,807 3,265,807
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Page 1 of 1

Annexure 2

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Linda Matthews - Company Secretary of Challenger Limited�

06/04/20�1

Annexure 2

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Linda Matthews - Company Secretary of Challenger Limited�

06/04/20�1

Annexure 2

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Linda Matthews - Company Secretary of Challenger Limited�

06/04/20�1

Annexure 2

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Linda Matthews - Company Secretary of Challenger Limited�