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CHALLENGER LIMITED Major Shareholding Notification 2024

Sep 2, 2024

64641_rns_2024-09-02_1c8c65a2-0173-4a9b-b5ec-78ae51edc342.pdf

Major Shareholding Notification

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==> picture [596 x 97] intentionally omitted <==

Level 2, 5 Martin Place Sydney NSW 2000 Australia GPO Box 3698 Sydney NSW 2001

challenger.com.au

Telephone 02 9994 7000

3 September 2024

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 – Sigma Healthcare Ltd (SIG)

We attach a notice of change of interests of substantial holder in Sigma Healthcare Ltd. The notice is given by Challenger Limited and each of its associated entities named in Annexure 2 to the notice and Apollo Global Management, Inc. and its controlled entities named in Annexure 3 to the notice.

Yours faithfully

==> picture [168 x 71] intentionally omitted <==

Linda Matthews

Company Secretary

Sydney Level 2, 5 Martin Place, Sydney NSW 2000 Australia, GPO Box 3698 Sydney NSW 2001, Telephone 02 9994 7000 Melbourne Level 19, 31 Queen Street PO Box 297, Flinders Lane, Melbourne VIC 3000 Telephone 02 9994 7000 Brisbane Level 6, 215 Adelaide Street GPO Box 3234, Brisbane QLD 4000 Telephone 07 3136 5400 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

challenger.com.au

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To
Company Name/Scheme
Sigma Healthcare Ltd
ACN/ARSN 088 417 403
1. Details of substantial holder(1)
Challenger Limited (and its entities listed in Annexure 2)
Apollo Global Management, Inc. (and its controlled entities from time to
Name time which, as at the date of this notice, are as listed in Annexure 3)
ACN/ARSN (if applicable) 106 842 371(Challenger Limited)
There was a change in the interests of the substantial holder on 30/08/2024
The previous notice was given to the company on 14/06/2024
The previous notice was dated 14/06/2024

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:

Class of securities (4) Previous notice Previous notice Present notice Present notice
Person's votes Voting power (5) Person's votes Voting power (5)
Ordinary Fully Paid 87,294,919 5.35% 104,014,251 6.37%

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:

Date of change Person whose relevant interest
changed
Nature of change (6) Consideration given in
relation to change (7)
Class and number of
securities affected
Person's votes
affected
Refer
Annexure 1
Challenger Limited (and its
entities listed in Annexure
2)
Apollo Global Management,
Inc. (and its controlled
entities from time to time
which, as at the date of this
notice, are as listed in
Annexure 3)


Refer
Annexure 1
Refer
Annexure 1
Refer
Annexure 1
Refer
Annexure 1

4. Present relevant interests

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

Holder of relevant interest Registered holder of securities Person entitled to be Nature of relevant interest Class and number of Person's votes
registered as holder (6) securities
(8)
Challenger Limited (and its HSBC Custody Nominees HSBC Custody Ordinary Fully Paid 35,639,534 35,639,534
entities listed in Annexure 2) (Australia) Limited Nominees securities purchased (Ordinary Fully
Apollo Global Management, Inc.
(and its controlled entities from
(Australia)
Limited
and sold on market
and acquired via off
Paid)
time to time which, as at the market transfer by
date of this notice, are as listed Challenger Limited
in Annexure 3) (and its entities listed
in Annexure 2) and
obtains a relevant
interest by virtue of
section 608(3) of the
Corporations Act 2001
(Cth).
As above Citicorp Nominees Pty Citicorp As above 49,414,759 49,414,759
Limited Nominees Pty (Ordinary Fully
Limited Paid)
As above J. P. Morgan Nominees
Australia Pty Limited
J. P. Morgan
Nominees
Australia Pty
Limited
As above 15,626,697
(Ordinary Fully
Paid)
15,626,697
As above UBS Nominees Pty Limited UBS Nominees
Pty Limited
As above 221,858 (Ordinary
Fully Paid)

221,858
As above National Nominees Limited National
Nominees
Limited
As above 3,111,403
(Ordinary Fully
Paid)
3,111,403

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:

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 listed in Annexure
2)
Level 2, 5 Martin Place, Sydney NSW 2000
Apollo Global Management, Inc. 9 West 57th Street, 42nd Floor, New York NT 10019

Signature

print name Linda Matthews Capacity Company Secretary of Challenger Limited
sign here date 03/09/2024

DIRECTIONS

  • (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 2 pages and is referred to in Form 604 signed by me and dated 03/09/2024

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Linda Matthews Company Secretary of Challenger Limited

Transactions: Company Name/Scheme: Sigma Healthcare Ltd (SIG) As at: 30/08/2024 Class of security: Ordinary Fully Paid

Date of Change Holder of relevant interest Nature of Change Consideration Number of
Securities
Person's Votes
Affected
13/06/2024 Challenger Limited (and its entities listed in
Annexure 2)
Apollo Global Management, Inc. (and its
controlled entities from time to time which,
as at the date of this notice, are as listed in
Annexure 3)
Buy 80,834 72,190 72,190
13/06/2024 As above Buy 31,279 27,934 27,934
13/06/2024 As above Buy 98,216 87,714 87,714
13/06/2024 As above Buy 160,373 143,224 143,224
13/06/2024 As above Buy 38,863 34,707 34,707
13/06/2024 As above Buy 56,904 50,819 50,819
13/06/2024 As above Buy 217,325 194,086 194,086
13/06/2024 As above Buy 137,408 122,715 122,715
13/06/2024 As above Buy 84,885 75,808 75,808
13/06/2024 As above Buy 65,901 58,854 58,854
25/06/2024 As above Buy 280,071 221,400 221,400
25/06/2024 As above Sell 435,287 -344,100 344,100
25/06/2024 As above Buy 79,695 63,000 63,000
25/06/2024 As above Buy 75,521 59,700 59,700
26/06/2024 As above Sell 258,817 -207,200 207,200
07/08/2024 As above Buy- Transfer 3,143,189 2,545,092 2,545,092
27/08/2024 As above Buy 150,044 120,035 120,035
27/08/2024 As above Buy 1,067,688 854,150 854,150
27/08/2024 As above Buy 1,388,198 1,110,558 1,110,558
27/08/2024 As above Buy 1,398,801 1,119,041 1,119,041
27/08/2024 As above Buy 789,143 631,314 631,314
27/08/2024 As above Buy 809,539 647,631 647,631
27/08/2024 As above Buy 2,526,403 2,021,122 2,021,122
27/08/2024 As above Buy 1,527,274 1,221,819 1,221,819
27/08/2024 As above Buy 241,800 193,440 193,440
27/08/2024 As above Buy 526,638 421,310 421,310
27/08/2024 As above Buy 1,255,140 1,004,112 1,004,112
27/08/2024 As above Buy 614,115 491,292 491,292
27/08/2024 As above Buy 205,220 164,176 164,176
28/08/2024 As above Buy 79,689 64,061 64,061
28/08/2024 As above Buy 11,199 9,003 9,003
28/08/2024 As above Buy 103,612 83,292 83,292
28/08/2024 As above Buy 104,403 83,928 83,928
28/08/2024 As above Buy 58,900 47,349 47,349
28/08/2024 As above Buy 60,421 48,572 48,572
28/08/2024 As above Buy 113,991 91,636 91,636
28/08/2024 As above Buy 18,047 14,508 14,508
28/08/2024 As above Buy 39,307 31,598 31,598
28/08/2024 As above Buy 93,680 75,308 75,308
28/08/2024 As above Buy 45,836 36,847 36,847
28/08/2024 As above Buy 15,317 12,313 12,313
28/08/2024 As above Buy 188,565 151,585 151,585
29/08/2024 As above Buy 76,189 61,091 61,091
29/08/2024 As above Buy 126,028 101,053 101,053
29/08/2024 As above Buy 40,385 32,382 32,382
29/08/2024 As above Buy 39,367 31,566 31,566
29/08/2024 As above Buy 69,780 55,952 55,952
29/08/2024 As above Buy 69,252 55,528 55,528
29/08/2024 As above Buy 7,485 6,002 6,002
29/08/2024 As above Buy 53,263 42,708 42,708
29/08/2024 As above Buy 10,261 8,209 8,209
29/08/2024 As above Buy 30,706 24,565 24,565
29/08/2024 As above Buy 62,757 50,206 50,206
29/08/2024 As above Buy 26,332 21,066 21,066
29/08/2024 As above Buy 12,090 9,672 9,672
29/08/2024 As above Buy 76,364 61,091 61,091
29/08/2024 As above Buy 126,316 101,053 101,053
29/08/2024 As above Buy 40,477 32,382 32,382

Page 1 of 2

Date of Change Holder of relevant interest Nature of Change Consideration Number of
Securities
Person's Votes
Affected
29/08/2024 As above Buy 39,457 31,566 31,566
29/08/2024 As above Buy 69,940 55,952 55,952
29/08/2024 As above Buy 69,410 55,528 55,528
29/08/2024 As above Buy 7,502 6,002 6,002
29/08/2024 As above Buy 53,385 42,708 42,708
29/08/2024 As above Buy 10,238 8,209 8,209
29/08/2024 As above Buy 30,636 24,565 24,565
29/08/2024 As above Buy 62,614 50,206 50,206
29/08/2024 As above Buy 26,272 21,066 21,066
29/08/2024 As above Buy 12,062 9,672 9,672
29/08/2024 As above Buy 4,913 3,946 3,946
29/08/2024 As above Buy 14,701 11,808 11,808
29/08/2024 As above Buy 30,046 24,133 24,133
29/08/2024 As above Buy 12,607 10,126 10,126
29/08/2024 As above Buy 5,788 4,649 4,649
29/08/2024 As above Buy 36,559 29,365 29,365
29/08/2024 As above Buy 60,475 48,574 48,574
29/08/2024 As above Buy 19,378 15,565 15,565
29/08/2024 As above Buy 18,890 15,173 15,173
29/08/2024 As above Buy 33,484 26,895 26,895
29/08/2024 As above Buy 33,230 26,691 26,691
29/08/2024 As above Buy 3,592 2,885 2,885
29/08/2024 As above Buy 25,557 20,528 20,528
30/08/2024 As above Buy 6,555 5,210 5,210
30/08/2024 As above Buy 37,587 29,831 29,831
30/08/2024 As above Buy 40,089 31,864 31,864
30/08/2024 As above Buy 16,821 13,370 13,370
30/08/2024 As above Buy 7,724 6,139 6,139
30/08/2024 As above Buy 48,781 38,773 38,773
30/08/2024 As above Buy 80,692 64,137 64,137
30/08/2024 As above Buy 25,857 20,552 20,552
30/08/2024 As above Buy 25,205 20,034 20,034
30/08/2024 As above Buy 44,678 35,512 35,512
30/08/2024 As above Buy 44,339 35,242 35,242
30/08/2024 As above Buy 4,792 3,809 3,809
30/08/2024 As above Buy 34,102 27,106 27,106
30/08/2024 As above Buy 17,576 13,955 13,955
30/08/2024 As above Buy 52,597 41,760 41,760
30/08/2024 As above Buy 107,499 85,350 85,350
30/08/2024 As above Buy 45,104 35,811 35,811
30/08/2024 As above Buy 20,709 16,442 16,442
30/08/2024 As above Buy 130,806 103,855 103,855
30/08/2024 As above Buy 216,376 171,795 171,795
30/08/2024 As above Buy 69,334 55,049 55,049
30/08/2024 As above Buy 67,588 53,662 53,662
30/08/2024 As above Buy 119,802 95,118 95,118
30/08/2024 As above Buy 118,893 94,397 94,397
30/08/2024 As above Buy 12,851 10,203 10,203
30/08/2024 As above Buy 91,444 72,603 72,603
30/08/2024 As above Buy 133 106 106
30/08/2024 As above Buy 398 318 318
30/08/2024 As above Buy 811 649 649
30/08/2024 As above Buy 340 272 272
30/08/2024 As above Buy 156 125 125
30/08/2024 As above Buy 988 790 790
30/08/2024 As above Buy 1,635 1,308 1,308
30/08/2024 As above Buy 524 419 419
30/08/2024 As above Buy 510 408 408
30/08/2024 As above Buy 905 724 724
30/08/2024 As above Buy 898 718 718
30/08/2024 As above Buy 98 78 78
30/08/2024 As above Buy 690 552 552
30/08/2024 As above Buy 7,225 5,734 5,734
30/08/2024 As above Buy 21,619 17,158 17,158
30/08/2024 As above Buy 44,186 35,068 35,068
30/08/2024 As above Buy 18,540 14,714 14,714
30/08/2024 As above Buy 8,513 6,756 6,756
30/08/2024 As above Buy 53,765 42,671 42,671
30/08/2024 As above Buy 88,940 70,587 70,587
30/08/2024 As above Buy 28,499 22,618 22,618
30/08/2024 As above Buy 27,780 22,048 22,048
30/08/2024 As above Buy 49,243 39,082 39,082
30/08/2024 As above Buy 48,870 38,786 38,786
30/08/2024 As above Buy 5,282 4,192 4,192
30/08/2024 As above Buy 19,615 15,591 15,591
Total Number of Securities
16,719,332

Page 2 of 2

Annexure 2

This is page 1 of 2 of Annexure 2 referred to in ASIC Form 604 - change of interest holder

==> picture [118 x 46] intentionally omitted <==

Linda Matthews - Company Secretary of Challenger Limited

03/09/2024

Company Name ACN / Country of
Company Number Incorporation
Challenger Limited 106842371 Australia
255 Finance Group Pty Ltd 628853056 Australia
255 Finance Investments Pty Ltd 164516401 Australia
255 Finance Pty Ltd 168112507 Australia
255 Finance Services Pty Ltd 168107355 Australia
Alphinity Investment Management Pty Ltd 140833709 Australia
Ardea Investment Management Pty Ltd 132902722 Australia
Ardea Investment Management (UK) Limited 13043903 United Kingdom
Artega Investment Administration Pty Limited 661042093 Australia
Bentham Asset Management Pty Ltd 140833674 Australia
CDPG Australia Pty Limited 124498095 Australia
Challenger DPG France II SAS 495391062 France
Challenger Financial Services Pty Limited 087464131 Australia
Challenger Funds Management (Asia) Pte Ltd 202113533D Singapore
Challenger Funds Management Holdings Pty Limited 107728030 Australia
Challenger Group Holdings Limited 002993302 Australia
Challenger Group Pty Limited 003374196 Australia
Challenger Group Services Pty. Ltd. 085657307 Australia
Challenger Holdco2 Holdings Pty Ltd 646761275 Australia
Challenger Holdco3 Holdings Pty Ltd 657425744 Australia
Challenger Home Loan Corporation Pty Ltd 058891302 Australia
Challenger Investment Partners Limited 092382842 Australia
Challenger Investment Solutions Management Pty Ltd 130035353 Australia
Challenger Japan Holdings Kabushiki Kaisha 0100-01-182399 Japan
Challenger Japan Holdings Pty Limited 617208205 Australia
Challenger Kabushiki Kaisha 0100-01-182872 Unknown
Challenger Life CDI Nominees Pty Ltd 055293644 Australia
Challenger Life Company Holdings Pty Ltd 006381193 Australia
Challenger Life Company Limited 072486938 Australia
Challenger Life Debt Investments (Europe) Limited 7626067 United Kingdom
Challenger Life Fund Property Investments Pty Ltd 161212693 Australia
Challenger Life Investments UK Limited 6067787 United Kingdom
Challenger Life Nominees No.2 Pty Ltd 078627013 Australia
Challenger Life Nominees No.3 Pty Limited 151482147 Australia
Challenger Life Nominees Pty Ltd 091336793 Australia
Challenger Life Subsidiary Holdings Pty Limited 099742122 Australia
Challenger Management Services (UK) Limited 6393787 United Kingdom
Challenger Mortgage Management Pty Ltd 087271109 Australia
Challenger Non-conforming Finance Pty Ltd 107725486 Australia
Challenger Retirement and Investment Services Limited 115534453 Australia
Challenger Securitisation Management Pty Ltd 100346898 Australia
Challenger Special Servicing Pty Ltd 107707415 Australia
Challenger Treasury Limited 093307996 Australia
Challenger Wholesale Finance Holdings Pty Limited 087284240 Australia
Challenger Wind Holdings Pty Limited 151496061 Australia
CLS US Holdings, LLC 5302598 United States
CPHIC Investments Pty Ltd 093340526 Australia
Cultiv8 Carry Services Pty Ltd 661978356 Australia
Cultiv8 Funds Management Pty Ltd 659433593 Australia

Annexure 2

This is page 2 of 2 of Annexure 2 referred to in ASIC Form 604 - change of interest holder

==> picture [118 x 46] intentionally omitted <==

Linda Matthews - Company Secretary of Challenger Limited

03/09/2024

Company Name ACN / Country of
Company Number Incorporation
Cultiv8 GPCo Pty Ltd 655 779 105 Australia
Eiger Capital Pty Limited 631838607 Australia
Fidante Partners (Guernsey) Limited 40288 Guernsey
Fidante Partners AAM Holdings Pty Limited 636490189 Australia
Fidante Partners AB 559327-5497 Sweden
Fidante Partners Alphinity Holdings Pty Ltd 140716016 Australia
Fidante Partners Ardea Holdings Pty Ltd 133865853 Australia
Fidante Partners Bentham Holdings Pty Ltd 140715573 Australia
Fidante Partners Cultiv8 Holdings Pty Ltd 659373109 Australia
Fidante Partners Eiger Holdings Pty Limited 631837360 Australia
Fidante Partners Europe Limited 4040660 United Kingdom
Fidante Partners FME Holdings Limited 11410594 United Kingdom
Fidante Partners Holdco1 Pty Limited 666942196 Australia
Fidante Partners Holdings (Guernsey) Limited 43315 Guernsey
Fidante Partners Holdings Europe Limited 6172534 United Kingdom
Fidante Partners Holdings Pty Limited 123318650 Australia
Fidante Partners Lennox Holdings Pty Limited 616975565 Australia
Fidante Partners Limited 002835592 Australia
Fidante Partners Liquid Strategies ICAV C139635 Ireland
Fidante Partners Merlon Holdings Pty Ltd 140715662 Australia
Fidante Partners Novaport Holdings Pty Ltd 140715797 Australia
Fidante Partners Ox Holdings Pty Ltd 649174087 Australia
Fidante Partners Services Limited 119605373 Australia
Fidante Partners System Holdings Pty Ltd 678592928 Australia
Fidante Partners Wavestone Holdings Pty Limited 133626276 Australia
Fidante Partners Whitehelm Holdings Pty Ltd 169043903 Australia
FME Asset Management Limited 11064883 United Kingdom
Greencape Capital Pty Ltd 120328529 Australia
Kabushiki Kaisha C & K 0104-01-067168 Japan
Kudu Investment Partners I, Lp 47-2497501 Unknown
Lease Collateral No.2 Pty Ltd 168112481 Australia
Lease Collateral Pty Ltd 168112472 Australia
Lease Funding Management Pty Ltd 168112490 Australia
Lending JV Holdco Pty Ltd 661671683 Australia
Lennox Capital Partners Pty Limited 617001966 Australia
Novaport Capital Pty Ltd 140833656 Australia
Oaklands Hill Pty Ltd 149814559 Australia
Oaklands Hill Wind Farm Pty Ltd 126595935 Australia
Offshore Reinsurer (Bermuda) Company Limited 51746 Bermuda
Ox Capital Management Pty Ltd 648887914 Australia
Ox Capital Manegement HK Pty. Limited 76656681 Hong Kong
Resonance Asset Management Limited 9028327 United Kingdom
The Liberty Group Consortium Pty Ltd 082564289 Australia
TLGH Pty Limited 092927467 Australia
US LLC Holdings Pty Ltd 130888292 Australia
US LLC Investments LLC 36-4811214 United States
Water Ventures Limited 9592184 United Kingdom
Wavestone Capital Pty Limited 120179419 Australia

Annexure 3

This is page 1 of 1 of Annexure 3 referred to in ASIC Form 604 - change of interest holder

==> picture [119 x 47] intentionally omitted <==

Linda Matthews - Company Secretary of Challenger Limited

03/09/2024

Company Name Company State of
Number Incorporation/Country
of Incorporation
Apollo Management Holdings, L.P. 4291041 Delaware, USA
Athene Life Re Ltd 43286 Bermuda
AP Liberty GP, LLC WC-4527 Cayman Islands
AP Liberty LP (with AP Liberty GP, LLC acts as general partner of AP WC-113262 Cayman Islands
Liberty LP)