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CHALLENGER LIMITED — Major Shareholding Notification 2026
Mar 22, 2026
64641_rns_2026-03-22_4cd9bc9a-0db7-4780-ac18-5f8c892d0070.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
23 March 2026
The Manager Company Announcements Office ASX Limited Level 27 39 Martin Place Sydney NSW 2000
By electronic lodgement
Dear Sir/Madam
Re: Notice of initial substantial holder – Ventia Services Group Limited (VNT)
We attach a notice of initial substantial holder in Ventia Services Group Limited. This notice is given by Challenger Limited and each of its associated entities named in Annexure 2 to this 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 603
Corporations Act 2001 Section 671B
Notice of initial substantial holder
| To CompanyName/Scheme |
Ventia Services Group Limited | Ventia Services Group Limited |
|---|---|---|
| ACN/ARSN | 603 253 541 | |
| 1. Details of substantial holder (1) | ||
| Name | Challenger Limited(and its entities listed in Annexure 2) | |
| ACN/ARSN (if applicable) | 106 842 371 | (Challenger Limited) |
| The holder became a substantial holder on | 19/03/2026 |
2. Details of 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 on the date the substantial holder became a substantial holder are as follows:
| Class of securities (4) | Number of securities | Number of securities | Person's votes (5) | Person's votes (5) | Voting power (6) |
|---|---|---|---|---|---|
| Ordinary Fully Paid | Same as persons votes | 41,561,754 | 5.03% | ||
| 3. Details of relevant interests The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial ho |
lder became a substantial holder | ||||
| Holder of relevant interest | Nature of relevant interest (7) | Class and number | of securities | ||
| Challenger Limited (and its entities listed in Annexure 2) |
Ordinary Fully Paid securities purchased and sold on market and acquired via off market transfer by Challenger Limited (and its entities listed in Annexure 2) and obtains a relevant interest by virtue of section 608(3) of the Corporations Act 2001 (Cth). |
Ordinary Fully Paid 41,561,754 |
The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:
4. Details of present registered holders
The persons registered as holders of the securities referred to in paragraph 3 above are as follows:
| Holder of relevant interest | Registered holder of securities | Person entitled to be registered as holder Class and number of securities |
Person entitled to be registered as holder Class and number of securities |
|
|---|---|---|---|---|
| (8) | ||||
| Challenger Limited (and its entities | Citicorp Nominees Pty Limited | Citicorp Nominees Pty Limited 4,937,598 (Ordinary Fully |
||
| listed in Annexure 2) | Paid) | |||
| As above | HSBC Custody Nominees (Australia) Limited | HSBC Custody Nominees (Australia) 18,480,974 (Ordinary Fully |
||
| Limited Paid) |
||||
| As above | BNP Paribas Nominees Pty Limited | BNP Paribas Nominees Pty Limited 3,982,810 (Ordinary Fully |
||
| Paid) | ||||
| As above | J. P. Morgan Nominees Australia Pty Limited | J. P. Morgan Nominees Australia Pty 14,160,372 (Ordinary Fully |
||
| Limited Paid) |
||||
| 5. Consideration | ||||
| The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows: | ||||
| Holder of relevant interest | Date of acquisition | Consideration (9) | Class and number of securities | |
| Cash | Non-cash | |||
| Refer Annexure 2 | Refer | Refer | Refer | |
| Annexure 1 | Annexure 1 | Annexure 1 |
6. Associates
The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:
Name and ACN/ARSN (if applicable) Nature of association N/A N/A
7. Addresses
The addresses of persons named in this form are as follows: Name Address Challenger Limited (and its entities listed in Level 2, 5 Martin Place, Sydney NSW 2000 Annexure 2)
Signature
print name Linda Matthews capacity Company Secretary of Challenger Limited sign here date 23/03/2026
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 7 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 section s608 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 total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.
(6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
(7) Include details of:
(a) any relevant agreement or other circumstances by which the relevant interest was acquired. 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.
(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) 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.
Annexure 1 consists of 7 pages and is referred to in Form 603 signed by me and dated 23/03/2026
==> picture [110 x 42] intentionally omitted <==
Linda Matthews Company Secretary of Challenger Limited
Transactions: Company Name/Scheme: Ventia Services Group Limited (VNT) As at: 19/03/2026 Class of security: Ordinary Fully Paid
| Date of Change | Holder of relevant interest | Nature of Change | Consideration | Number of Securities |
Person's Votes Affected |
|---|---|---|---|---|---|
| 19/12/2025 | Challenger Limited (and its entities listed in Annexure 2) |
Openingbalance Adj | u 282,859,176 |
29,979,213 | 29,979,213 |
| 19/12/2025 | As above | Buy | 1,216,166 | 209,170 | 209,170 |
| 19/12/2025 | As above | Buy | 164,793 | 28,343 | 28,343 |
| 19/12/2025 | As above | Buy | 279,427 | 47,749 | 47,749 |
| 19/12/2025 | As above | Buy | 1,225,840 | 209,474 | 209,474 |
| 19/12/2025 | As above | Buy | 220,544 | 37,687 | 37,687 |
| 19/12/2025 | As above | Buy | 141,829 | 24,236 | 24,236 |
| 19/12/2025 | As above | Buy | 18,317 | 3,130 | 3,130 |
| 19/12/2025 | As above | Buy | 72,190 | 12,336 | 12,336 |
| 19/12/2025 | As above | Buy | 171,434 | 29,295 | 29,295 |
| 19/12/2025 | As above | Buy | 352,249 | 60,193 | 60,193 |
| 19/12/2025 | As above | Buy | 240,312 | 41,065 | 41,065 |
| 19/12/2025 | As above | Buy | 63,201 | 10,800 | 10,800 |
| 19/12/2025 | As above | Buy | 486,838 | 83,732 | 83,732 |
| 22/12/2025 | As above | Buy | 235,133 | 39,710 | 39,710 |
| 22/12/2025 | As above | Buy | 20,653 | 3,488 | 3,488 |
| 22/12/2025 | As above | Buy | 150,755 | 25,460 | 25,460 |
| 22/12/2025 | As above | Buy | 50,011 | 8,446 | 8,446 |
| 22/12/2025 | As above | Buy | 9,018 | 1,523 | 1,523 |
| 22/12/2025 | As above | Buy | 543,371 | 91,766 | 91,766 |
| 22/12/2025 | As above | Buy | 70,451 | 11,898 | 11,898 |
| 22/12/2025 | As above | Buy | 527,296 | 88,775 | 88,775 |
| 22/12/2025 | As above | Buy | 2,621,369 | 441,331 | 441,331 |
| 22/12/2025 | As above | Buy | 1,325,252 | 223,118 | 223,118 |
| 22/12/2025 | As above | Buy | 174,948 | 29,454 | 29,454 |
| 22/12/2025 | As above | Buy | 91,661 | 15,480 | 15,480 |
| 23/12/2025 | As above | Buy | 492,139 | 82,144 | 82,144 |
| 23/12/2025 | As above | Buy | 1,247,451 | 208,215 | 208,215 |
| 23/12/2025 | As above | Buy | 164,512 | 27,459 | 27,459 |
| 24/12/2025 | As above | Buy | 52,613 | 8,782 | 8,782 |
| 24/12/2025 | As above | Buy | 59,946 | 10,006 | 10,006 |
| 24/12/2025 | As above | Buy | 67,902 | 11,334 | 11,334 |
| 24/12/2025 | As above | Buy | 72,863 | 12,162 | 12,162 |
| 24/12/2025 | As above | Buy | 11,167 | 1,864 | 1,864 |
| 24/12/2025 | As above | Buy | 111,259 | 18,571 | 18,571 |
| 24/12/2025 | As above | Buy | 52,368 | 8,741 | 8,741 |
| 24/12/2025 | As above | Buy | 48,539 | 8,102 | 8,102 |
| 24/12/2025 | As above | Buy | 39,195 | 9,777 | 9,777 |
| 24/12/2025 | As above | Buy | 23,970 | 4,001 | 4,001 |
| 24/12/2025 | As above | Buy | 10,538 | 1,759 | 1,759 |
| 24/12/2025 | As above | Buy | 17,823 | 2,975 | 2,975 |
| 24/12/2025 | As above | Buy | 3,199 | 534 | 534 |
| 24/12/2025 | As above | Buy | 1,036 | 173 | 173 |
| 24/12/2025 | As above | Buy | 11,844 | 1,977 | 1,977 |
| 24/12/2025 | As above | Buy | 5,727 | 956 | 956 |
| 24/12/2025 | As above | Buy | 22,754 | 3,798 | 3,798 |
| 24/12/2025 | As above | Buy | 102,746 | 17,150 | 17,150 |
| 29/12/2025 | As above | Buy | 166 | 28 | 28 |
| 29/12/2025 | As above | Buy | 516 | 87 | 87 |
| 29/12/2025 | As above | Buy | 925 | 156 | 156 |
| 29/12/2025 | As above | Buy | 3,671 | 619 | 619 |
| 29/12/2025 | As above | Buy | 9,672 | 1,631 | 1,631 |
| 29/12/2025 | As above | Buy | 8,492 | 1,432 | 1,432 |
| 29/12/2025 | As above | Buy | 16,586 | 2,797 | 2,797 |
| 29/12/2025 | As above | Buy | 10,959 | 1,848 | 1,848 |
| 29/12/2025 | As above | Buy | 11,759 | 1,983 | 1,983 |
| 29/12/2025 | As above | Buy | 1,803 | 304 | 304 |
| 29/12/2025 | As above | Buy | 17,962 | 3,029 | 3,029 |
| 29/12/2025 | As above | Buy | 8,450 | 1,425 | 1,425 |
| 29/12/2025 | As above | Buy | 7,834 | 1,321 | 1,321 |
| 29/12/2025 | As above | Buy | 6,348 | 1,594 | 1,594 |
| 29/12/2025 | As above | Buy | 3,866 | 652 | 652 |
Page 1 of 7
| Date of Change | Holder of relevant interest | Nature of Change | Consideration | Number of Securities |
Person's Votes Affected |
|---|---|---|---|---|---|
| 29/12/2025 | As above | Buy | 1,702 | 287 | 287 |
| 29/12/2025 | As above | Buy | 2,876 | 485 | 485 |
| 29/12/2025 | As above | Buy | 1,909 | 322 | 322 |
| 30/12/2025 | As above | Buy | 9,760 | 1,631 | 1,631 |
| 30/12/2025 | As above | Buy | 16,737 | 2,797 | 2,797 |
| 30/12/2025 | As above | Buy | 11,059 | 1,848 | 1,848 |
| 30/12/2025 | As above | Buy | 11,866 | 1,983 | 1,983 |
| 30/12/2025 | As above | Buy | 1,819 | 304 | 304 |
| 30/12/2025 | As above | Buy | 18,126 | 3,029 | 3,029 |
| 30/12/2025 | As above | Buy | 8,527 | 1,425 | 1,425 |
| 30/12/2025 | As above | Buy | 7,905 | 1,321 | 1,321 |
| 30/12/2025 | As above | Buy | 6,387 | 1,594 | 1,594 |
| 30/12/2025 | As above | Buy | 3,902 | 652 | 652 |
| 30/12/2025 | As above | Buy | 1,717 | 287 | 287 |
| 30/12/2025 | As above | Buy | 2,902 | 485 | 485 |
| 30/12/2025 | As above | Buy | 521 | 87 | 87 |
| 30/12/2025 | As above | Buy | 168 | 28 | 28 |
| 30/12/2025 | As above | Buy | 1,927 | 322 | 322 |
| 30/12/2025 | As above | Buy | 934 | 156 | 156 |
| 30/12/2025 | As above | Buy | 3,704 | 619 | 619 |
| 30/12/2025 | As above | Buy | 8,569 | 1,432 | 1,432 |
| 31/12/2025 | As above | Buy | 29,494 | 4,957 | 4,957 |
| 31/12/2025 | As above | Buy | 21,301 | 3,580 | 3,580 |
| 31/12/2025 | As above | Buy | 15,891 | 3,986 | 3,986 |
| 31/12/2025 | As above | Buy | 9,704 | 1,631 | 1,631 |
| 31/12/2025 | As above | Buy | 4,266 | 717 | 717 |
| 31/12/2025 | As above | Buy | 1,297 | 218 | 218 |
| 31/12/2025 | As above | Buy | 417 | 70 | 70 |
| 31/12/2025 | As above | Buy | 4,796 | 806 | 806 |
| 31/12/2025 | As above | Buy | 9,211 | 1,548 | 1,548 |
| 31/12/2025 | As above | Buy | 41,596 | 6,991 | 6,991 |
| 31/12/2025 | As above | Buy | 27,489 | 4,620 | 4,620 |
| 31/12/2025 | As above | Buy | 4,522 | 760 | 760 |
| 31/12/2025 | As above | Buy | 45,036 | 7,569 | 7,569 |
| 31/12/2025 | As above | Buy | 19,647 | 3,302 | 3,302 |
| 31/12/2025 | As above | Buy | 7,217 | 1,213 | 1,213 |
| 31/12/2025 | As above | Buy | 2,321 | 390 | 390 |
| 31/12/2025 | As above | Buy | 24,270 | 4,079 | 4,079 |
| 31/12/2025 | As above | Buy | 21,200 | 3,563 | 3,563 |
| 02/01/2026 | As above | Buy | 10,758 | 1,790 | 1,790 |
| 02/01/2026 | As above | Buy | 13,883 | 2,310 | 2,310 |
| 02/01/2026 | As above | Buy | 14,899 | 2,479 | 2,479 |
| 02/01/2026 | As above | Buy | 2,284 | 380 | 380 |
| 02/01/2026 | As above | Buy | 22,748 | 3,785 | 3,785 |
| 02/01/2026 | As above | Buy | 10,710 | 1,782 | 1,782 |
| 02/01/2026 | As above | Buy | 9,923 | 1,651 | 1,651 |
| 02/01/2026 | As above | Buy | 7,987 | 1,993 | 1,993 |
| 02/01/2026 | As above | Buy | 4,904 | 816 | 816 |
| 02/01/2026 | As above | Buy | 2,152 | 358 | 358 |
| 02/01/2026 | As above | Buy | 3,642 | 606 | 606 |
| 02/01/2026 | As above | Buy | 655 | 109 | 109 |
| 02/01/2026 | As above | Buy | 210 | 35 | 35 |
| 02/01/2026 | As above | Buy | 2,422 | 403 | 403 |
| 02/01/2026 | As above | Buy | 1,172 | 195 | 195 |
| 02/01/2026 | As above | Buy | 4,652 | 774 | 774 |
| 02/01/2026 | As above | Buy | 12,254 | 2,039 | 2,039 |
| 02/01/2026 | As above | Buy | 21,005 | 3,495 | 3,495 |
| 05/01/2026 | As above | Buy | 18,386 | 3,029 | 3,029 |
| 05/01/2026 | As above | Buy | 1,845 | 304 | 304 |
| 05/01/2026 | As above | Buy | 8,018 | 1,321 | 1,321 |
| 05/01/2026 | As above | Buy | 6,471 | 1,594 | 1,594 |
| 05/01/2026 | As above | Buy | 3,958 | 652 | 652 |
| 05/01/2026 | As above | Buy | 1,742 | 287 | 287 |
| 05/01/2026 | As above | Buy | 2,944 | 485 | 485 |
| 05/01/2026 | As above | Buy | 528 | 87 | 87 |
| 05/01/2026 | As above | Buy | 170 | 28 | 28 |
| 05/01/2026 | As above | Buy | 1,955 | 322 | 322 |
| 05/01/2026 | As above | Buy | 947 | 156 | 156 |
| 05/01/2026 | As above | Buy | 3,757 | 619 | 619 |
| 05/01/2026 | As above | Buy | 9,900 | 1,631 | 1,631 |
| 05/01/2026 | As above | Buy | 8,692 | 1,432 | 1,432 |
| 05/01/2026 | As above | Buy | 16,978 | 2,797 | 2,797 |
| 05/01/2026 | As above | Buy | 11,217 | 1,848 | 1,848 |
| 05/01/2026 | As above | Buy | 12,037 | 1,983 | 1,983 |
| 05/01/2026 | As above | Buy | 8,650 | 1,425 | 1,425 |
| 06/01/2026 | As above | Buy | 21,408 | 3,580 | 3,580 |
| 06/01/2026 | As above | Buy | 41,806 | 6,991 | 6,991 |
| 06/01/2026 | As above | Buy | 27,628 | 4,620 | 4,620 |
| 06/01/2026 | As above | Buy | 29,643 | 4,957 | 4,957 |
Page 2 of 7
| Date of Change | Holder of relevant interest | Nature of Change | Consideration | Number of Securities |
Person's Votes Affected |
|---|---|---|---|---|---|
| 06/01/2026 | As above | Buy | 4,545 | 760 | 760 |
| 06/01/2026 | As above | Buy | 45,257 | 7,568 | 7,568 |
| 06/01/2026 | As above | Buy | 21,307 | 3,563 | 3,563 |
| 06/01/2026 | As above | Buy | 19,746 | 3,302 | 3,302 |
| 06/01/2026 | As above | Buy | 15,991 | 3,986 | 3,986 |
| 06/01/2026 | As above | Buy | 9,753 | 1,631 | 1,631 |
| 06/01/2026 | As above | Buy | 4,288 | 717 | 717 |
| 06/01/2026 | As above | Buy | 7,254 | 1,213 | 1,213 |
| 06/01/2026 | As above | Buy | 1,304 | 218 | 218 |
| 06/01/2026 | As above | Buy | 425 | 71 | 71 |
| 06/01/2026 | As above | Buy | 4,820 | 806 | 806 |
| 06/01/2026 | As above | Buy | 2,332 | 390 | 390 |
| 06/01/2026 | As above | Buy | 9,257 | 1,548 | 1,548 |
| 06/01/2026 | As above | Buy | 24,392 | 4,079 | 4,079 |
| 07/01/2026 | As above | Sell | 22,652 | 3,797 - |
3,797 |
| 12/01/2026 | As above | Buy | 312,637 | 51,294 | 51,294 |
| 12/01/2026 | As above | Buy | 403,519 | 66,205 | 66,205 |
| 12/01/2026 | As above | Buy | 432,971 | 71,037 | 71,037 |
| 12/01/2026 | As above | Buy | 66,362 | 10,888 | 10,888 |
| 12/01/2026 | As above | Buy | 661,119 | 108,469 | 108,469 |
| 12/01/2026 | As above | Buy | 311,199 | 51,058 | 51,058 |
| 12/01/2026 | As above | Buy | 288,428 | 47,322 | 47,322 |
| 12/01/2026 | As above | Buy | 232,560 | 57,111 | 57,111 |
| 12/01/2026 | As above | Buy | 142,446 | 23,371 | 23,371 |
| 12/01/2026 | As above | Buy | 62,608 | 10,272 | 10,272 |
| 12/01/2026 | As above | Buy | 105,931 | 17,380 | 17,380 |
| 12/01/2026 | As above | Buy | 19,010 | 3,119 | 3,119 |
| 12/01/2026 | As above | Buy | 6,156 | 1,010 | 1,010 |
| 12/01/2026 | As above | Buy | 70,373 | 11,546 | 11,546 |
| 12/01/2026 | As above | Buy | 34,053 | 5,587 | 5,587 |
| 12/01/2026 | As above | Buy | 135,236 | 22,188 | 22,188 |
| 12/01/2026 | As above | Buy | 356,222 | 58,445 | 58,445 |
| 12/01/2026 | As above | Buy | 610,561 | 100,174 | 100,174 |
| 13/01/2026 | As above | Buy | 101,561 | 16,315 | 16,315 |
| 13/01/2026 | As above | Buy | 38,558 | 6,194 | 6,194 |
| 13/01/2026 | As above | Buy | 797 | 128 | 128 |
| 13/01/2026 | As above | Buy | 1,562 | 251 | 251 |
| 13/01/2026 | As above | Buy | 1,033 | 166 | 166 |
| 13/01/2026 | As above | Buy | 1,108 | 178 | 178 |
| 13/01/2026 | As above | Buy | 168 | 27 | 27 |
| 13/01/2026 | As above | Buy | 1,681 | 270 | 270 |
| 13/01/2026 | As above | Buy | 797 | 128 | 128 |
| 13/01/2026 | As above | Buy | 735 | 118 | 118 |
| 13/01/2026 | As above | Buy | 598 | 143 | 143 |
| 13/01/2026 | As above | Buy | 367 | 59 | 59 |
| 13/01/2026 | As above | Buy | 162 | 26 | 26 |
| 13/01/2026 | As above | Buy | 274 | 44 | 44 |
| 13/01/2026 | As above | Buy | 50 | 8 | 8 |
| 13/01/2026 | As above | Buy | 19 | 3 | 3 |
| 13/01/2026 | As above | Buy | 181 | 29 | 29 |
| 13/01/2026 | As above | Buy | 87 | 14 | 14 |
| 13/01/2026 | As above | Buy | 349 | 56 | 56 |
| 13/01/2026 | As above | Buy | 909 | 146 | 146 |
| 13/01/2026 | As above | Buy | 58,907 | 9,463 | 9,463 |
| 13/01/2026 | As above | Buy | 115,044 | 18,481 | 18,481 |
| 13/01/2026 | As above | Buy | 76,032 | 12,214 | 12,214 |
| 13/01/2026 | As above | Buy | 81,579 | 13,105 | 13,105 |
| 13/01/2026 | As above | Buy | 12,506 | 2,009 | 2,009 |
| 13/01/2026 | As above | Buy | 124,575 | 20,012 | 20,012 |
| 13/01/2026 | As above | Buy | 58,640 | 9,420 | 9,420 |
| 13/01/2026 | As above | Buy | 54,344 | 8,730 | 8,730 |
| 13/01/2026 | As above | Buy | 44,074 | 10,536 | 10,536 |
| 13/01/2026 | As above | Buy | 26,842 | 4,312 | 4,312 |
| 13/01/2026 | As above | Buy | 11,796 | 1,895 | 1,895 |
| 13/01/2026 | As above | Buy | 19,957 | 3,206 | 3,206 |
| 13/01/2026 | As above | Buy | 3,579 | 575 | 575 |
| 13/01/2026 | As above | Buy | 1,158 | 186 | 186 |
| 13/01/2026 | As above | Buy | 13,259 | 2,130 | 2,130 |
| 13/01/2026 | As above | Buy | 6,418 | 1,031 | 1,031 |
| 13/01/2026 | As above | Buy | 25,479 | 4,093 | 4,093 |
| 13/01/2026 | As above | Buy | 67,118 | 10,782 | 10,782 |
| 13/01/2026 | As above | Buy | 89,136 | 14,319 | 14,319 |
| 13/01/2026 | As above | Buy | 174,070 | 27,963 | 27,963 |
| 13/01/2026 | As above | Buy | 115,044 | 18,481 | 18,481 |
| 13/01/2026 | As above | Buy | 123,442 | 19,830 | 19,830 |
| 13/01/2026 | As above | Buy | 18,918 | 3,039 | 3,039 |
| 13/01/2026 | As above | Buy | 188,468 | 30,276 | 30,276 |
| 13/01/2026 | As above | Buy | 88,725 | 14,253 | 14,253 |
| 13/01/2026 | As above | Buy | 82,232 | 13,210 | 13,210 |
Page 3 of 7
| Date of Change | Holder of relevant interest | Nature of Change | Consideration | Number of Securities |
Person's Votes Affected |
|---|---|---|---|---|---|
| 13/01/2026 | As above | Buy | 66,689 | 15,942 | 15,942 |
| 13/01/2026 | As above | Buy | 40,612 | 6,524 | 6,524 |
| 13/01/2026 | As above | Buy | 17,847 | 2,867 | 2,867 |
| 13/01/2026 | As above | Buy | 30,204 | 4,852 | 4,852 |
| 13/01/2026 | As above | Buy | 5,422 | 871 | 871 |
| 13/01/2026 | As above | Buy | 1,755 | 282 | 282 |
| 13/01/2026 | As above | Buy | 20,063 | 3,223 | 3,223 |
| 13/01/2026 | As above | Buy | 9,705 | 1,559 | 1,559 |
| 14/01/2026 | As above | Buy | 2,396 | 387 | 387 |
| 14/01/2026 | As above | Buy | 7,392 | 1,194 | 1,194 |
| 14/01/2026 | As above | Buy | 13,236 | 2,138 | 2,138 |
| 14/01/2026 | As above | Buy | 52,571 | 8,492 | 8,492 |
| 14/01/2026 | As above | Buy | 138,484 | 22,370 | 22,370 |
| 14/01/2026 | As above | Buy | 121,540 | 19,633 | 19,633 |
| 14/01/2026 | As above | Buy | 237,360 | 38,342 | 38,342 |
| 14/01/2026 | As above | Buy | 156,870 | 25,340 | 25,340 |
| 14/01/2026 | As above | Buy | 168,323 | 27,190 | 27,190 |
| 14/01/2026 | As above | Buy | 25,802 | 4,168 | 4,168 |
| 14/01/2026 | As above | Buy | 257,028 | 41,519 | 41,519 |
| 14/01/2026 | As above | Buy | 120,977 | 19,542 | 19,542 |
| 14/01/2026 | As above | Buy | 112,131 | 18,113 | 18,113 |
| 14/01/2026 | As above | Buy | 90,489 | 21,859 | 21,859 |
| 14/01/2026 | As above | Buy | 55,375 | 8,945 | 8,945 |
| 14/01/2026 | As above | Buy | 24,335 | 3,931 | 3,931 |
| 14/01/2026 | As above | Buy | 41,180 | 6,652 | 6,652 |
| 14/01/2026 | As above | Buy | 27,356 | 4,419 | 4,419 |
| 16/01/2026 | As above | Buy | 592,021 | 93,897 | 93,897 |
| 16/01/2026 | As above | Buy | 519,582 | 82,408 | 82,408 |
| 16/01/2026 | As above | Buy | 1,014,708 | 160,937 | 160,937 |
| 16/01/2026 | As above | Buy | 670,606 | 106,361 | 106,361 |
| 16/01/2026 | As above | Buy | 719,558 | 114,125 | 114,125 |
| 16/01/2026 | As above | Buy | 110,293 | 17,493 | 17,493 |
| 16/01/2026 | As above | Buy | 1,098,735 | 174,264 | 174,264 |
| 16/01/2026 | As above | Buy | 517,187 | 82,028 | 82,028 |
| 16/01/2026 | As above | Buy | 479,344 | 76,026 | 76,026 |
| 16/01/2026 | As above | Buy | 387,564 | 91,752 | 91,752 |
| 16/01/2026 | As above | Buy | 236,740 | 37,548 | 37,548 |
| 16/01/2026 | As above | Buy | 104,045 | 16,502 | 16,502 |
| 16/01/2026 | As above | Buy | 176,048 | 27,922 | 27,922 |
| 16/01/2026 | As above | Buy | 31,588 | 5,010 | 5,010 |
| 16/01/2026 | As above | Buy | 10,233 | 1,623 | 1,623 |
| 16/01/2026 | As above | Buy | 116,958 | 18,550 | 18,550 |
| 16/01/2026 | As above | Buy | 56,594 | 8,976 | 8,976 |
| 16/01/2026 | As above | Buy | 224,748 | 35,646 | 35,646 |
| 22/01/2026 | As above | Buy | 162,685 | 27,365 | 27,365 |
| 22/01/2026 | As above | Buy | 960,688 | 161,596 | 161,596 |
| 22/01/2026 | As above | Buy | 219,180 | 36,868 | 36,868 |
| 22/01/2026 | As above | Buy | 99,484 | 16,734 | 16,734 |
| 22/01/2026 | As above | Buy | 50,104 | 8,428 | 8,428 |
| 22/01/2026 | As above | Buy | 206,428 | 34,723 | 34,723 |
| 22/01/2026 | As above | Buy | 7,455 | 1,254 | 1,254 |
| 22/01/2026 | As above | Buy | 4,013 | 675 | 675 |
| 22/01/2026 | As above | Buy | 19,137 | 3,219 | 3,219 |
| 22/01/2026 | As above | Buy | 6,343 | 1,067 | 1,067 |
| 22/01/2026 | As above | Buy | 109,780 | 18,466 | 18,466 |
| 22/01/2026 | As above | Buy | 36,068 | 6,067 | 6,067 |
| 22/01/2026 | As above | Buy | 29,921 | 5,033 | 5,033 |
| 22/01/2026 | As above | Buy | 33,441 | 5,625 | 5,625 |
| 22/01/2026 | As above | Buy | 7,390 | 1,243 | 1,243 |
| 22/01/2026 | As above | Buy | 71,031 | 11,948 | 11,948 |
| 22/01/2026 | As above | Buy | 47,078 | 7,919 | 7,919 |
| 22/01/2026 | As above | Buy | 57,304 | 14,122 | 14,122 |
| 22/01/2026 | As above | Buy | 54,004 | 9,084 | 9,084 |
| 22/01/2026 | As above | Buy | 4,381 | 737 | 737 |
| 22/01/2026 | As above | Buy | 76,435 | 12,857 | 12,857 |
| 22/01/2026 | As above | Buy | 98,330 | 16,540 | 16,540 |
| 22/01/2026 | As above | Buy | 65,318 | 10,987 | 10,987 |
| 22/01/2026 | As above | Buy | 41,657 | 7,007 | 7,007 |
| 22/01/2026 | As above | Buy | 245,980 | 41,376 | 41,376 |
| 22/01/2026 | As above | Buy | 56,121 | 9,440 | 9,440 |
| 22/01/2026 | As above | Buy | 25,474 | 4,285 | 4,285 |
| 22/01/2026 | As above | Buy | 12,829 | 2,158 | 2,158 |
| 22/01/2026 | As above | Buy | 52,857 | 8,891 | 8,891 |
| 22/01/2026 | As above | Buy | 29,113 | 4,897 | 4,897 |
| 22/01/2026 | As above | Buy | 15,683 | 2,638 | 2,638 |
| 22/01/2026 | As above | Buy | 74,729 | 12,570 | 12,570 |
| 22/01/2026 | As above | Buy | 24,785 | 4,169 | 4,169 |
| 22/01/2026 | As above | Buy | 428,753 | 72,120 | 72,120 |
| 22/01/2026 | As above | Buy | 140,879 | 23,697 | 23,697 |
Page 4 of 7
| Date of Change | Holder of relevant interest | Nature of Change | Consideration | Number of Securities |
Person's Votes Affected |
|---|---|---|---|---|---|
| 22/01/2026 | As above | Buy | 116,849 | 19,655 | 19,655 |
| 22/01/2026 | As above | Buy | 130,606 | 21,969 | 21,969 |
| 22/01/2026 | As above | Buy | 28,863 | 4,855 | 4,855 |
| 22/01/2026 | As above | Buy | 277,423 | 46,665 | 46,665 |
| 22/01/2026 | As above | Buy | 183,879 | 30,930 | 30,930 |
| 22/01/2026 | As above | Buy | 223,802 | 55,154 | 55,154 |
| 22/01/2026 | As above | Buy | 210,905 | 35,476 | 35,476 |
| 22/01/2026 | As above | Buy | 17,116 | 2,879 | 2,879 |
| 22/01/2026 | As above | Buy | 298,516 | 50,213 | 50,213 |
| 22/01/2026 | As above | Buy | 384,023 | 64,596 | 64,596 |
| 22/01/2026 | As above | Buy | 255,112 | 42,912 | 42,912 |
| 29/01/2026 | As above | Sell | 96,624 | 16,717 - |
16,717 |
| 05/02/2026 | As above | Buy- Transfer | 618,249 | 116,431 | 116,431 |
| 11/02/2026 | As above | Buy | 160,325 | 28,732 | 28,732 |
| 18/02/2026 | As above | Buy | 453,256 | 82,177 | 82,177 |
| 19/02/2026 | As above | Buy | 402,307 | 69,487 | 69,487 |
| 19/02/2026 | As above | Buy | 96,424 | 16,640 | 16,640 |
| 19/02/2026 | As above | Buy | 614,712 | 106,082 | 106,082 |
| 19/02/2026 | As above | Buy | 243,794 | 42,072 | 42,072 |
| 24/02/2026 | As above | Buy | 89,831 | 15,691 | 15,691 |
| 24/02/2026 | As above | Buy | 130,988 | 22,880 | 22,880 |
| 24/02/2026 | As above | Buy | 26,570 | 4,641 | 4,641 |
| 24/02/2026 | As above | Buy | 1,392,246 | 243,187 | 243,187 |
| 24/02/2026 | As above | Buy | 361,648 | 63,170 | 63,170 |
| 24/02/2026 | As above | Buy | 122,412 | 21,382 | 21,382 |
| 24/02/2026 | As above | Buy | 738,645 | 129,021 | 129,021 |
| 24/02/2026 | As above | Buy | 5,685 | 993 | 993 |
| 24/02/2026 | As above | Buy | 68,574 | 11,978 | 11,978 |
| 24/02/2026 | As above | Buy | 23,060 | 4,028 | 4,028 |
| 24/02/2026 | As above | Buy | 156,081 | 27,263 | 27,263 |
| 24/02/2026 | As above | Buy | 17,118 | 2,990 | 2,990 |
| 24/02/2026 | As above | Buy | 31,035 | 5,421 | 5,421 |
| 24/02/2026 | As above | Buy | 123,620 | 21,593 | 21,593 |
| 24/02/2026 | As above | Buy | 351,572 | 61,410 | 61,410 |
| 24/02/2026 | As above | Buy | 9,171 | 1,602 | 1,602 |
| 24/02/2026 | As above | Buy | 2,376 | 415 | 415 |
| 24/02/2026 | As above | Buy | 14,255 | 2,490 | 2,490 |
| 24/02/2026 | As above | Buy | 7,677 | 1,341 | 1,341 |
| 24/02/2026 | As above | Buy | 13,940 | 2,435 | 2,435 |
| 24/02/2026 | As above | Buy | 2,364 | 413 | 413 |
| 24/02/2026 | As above | Buy | 3,446 | 602 | 602 |
| 24/02/2026 | As above | Buy | 698 | 122 | 122 |
| 24/02/2026 | As above | Buy | 36,634 | 6,399 | 6,399 |
| 24/02/2026 | As above | Buy | 9,521 | 1,663 | 1,663 |
| 24/02/2026 | As above | Buy | 3,223 | 563 | 563 |
| 24/02/2026 | As above | Buy | 19,442 | 3,396 | 3,396 |
| 24/02/2026 | As above | Buy | 14,032 | 2,451 | 2,451 |
| 24/02/2026 | As above | Buy | 12,240 | 2,138 | 2,138 |
| 24/02/2026 | As above | Buy | 30,697 | 5,362 | 5,362 |
| 24/02/2026 | As above | Buy | 18,246 | 3,187 | 3,187 |
| 24/02/2026 | As above | Buy | 27,617 | 4,824 | 4,824 |
| 24/02/2026 | As above | Buy | 20,445 | 5,058 | 5,058 |
| 24/02/2026 | As above | Buy | 2,433 | 425 | 425 |
| 24/02/2026 | As above | Buy | 2,050 | 358 | 358 |
| 24/02/2026 | As above | Buy | 149 | 26 | 26 |
| 24/02/2026 | As above | Buy | 1,803 | 315 | 315 |
| 24/02/2026 | As above | Buy | 607 | 106 | 106 |
| 24/02/2026 | As above | Buy | 4,111 | 718 | 718 |
| 24/02/2026 | As above | Buy | 452 | 79 | 79 |
| 24/02/2026 | As above | Buy | 819 | 143 | 143 |
| 24/02/2026 | As above | Buy | 3,252 | 568 | 568 |
| 24/02/2026 | As above | Buy | 9,252 | 1,616 | 1,616 |
| 24/02/2026 | As above | Buy | 348,527 | 60,878 | 60,878 |
| 24/02/2026 | As above | Buy | 90,197 | 15,755 | 15,755 |
| 24/02/2026 | As above | Buy | 541,539 | 94,592 | 94,592 |
| 24/02/2026 | As above | Buy | 291,786 | 50,967 | 50,967 |
| 24/02/2026 | As above | Buy | 529,666 | 92,518 | 92,518 |
| 24/02/2026 | As above | Buy | 533,192 | 93,134 | 93,134 |
| 24/02/2026 | As above | Buy | 465,173 | 81,253 | 81,253 |
| 24/02/2026 | As above | Buy | 1,166,280 | 203,717 | 203,717 |
| 24/02/2026 | As above | Buy | 693,252 | 121,092 | 121,092 |
| 24/02/2026 | As above | Buy | 1,049,433 | 183,307 | 183,307 |
| 24/02/2026 | As above | Buy | 776,749 | 192,163 | 192,163 |
| 24/02/2026 | As above | Buy | 92,356 | 16,132 | 16,132 |
| 24/02/2026 | As above | Buy | 77,774 | 13,585 | 13,585 |
| 24/02/2026 | As above | Buy | 5,691 | 994 | 994 |
| 24/02/2026 | As above | Buy | 68,574 | 11,978 | 11,978 |
| 24/02/2026 | As above | Buy | 23,066 | 4,029 | 4,029 |
| 24/02/2026 | As above | Buy | 156,081 | 27,263 | 27,263 |
Page 5 of 7
| Date of Change | Holder of relevant interest | Nature of Change | Consideration | Number of Securities |
Person's Votes Affected |
|---|---|---|---|---|---|
| 24/02/2026 | As above | Buy | 17,118 | 2,990 | 2,990 |
| 24/02/2026 | As above | Buy | 31,035 | 5,421 | 5,421 |
| 24/02/2026 | As above | Buy | 123,626 | 21,594 | 21,594 |
| 24/02/2026 | As above | Buy | 351,572 | 61,410 | 61,410 |
| 24/02/2026 | As above | Buy | 348,521 | 60,877 | 60,877 |
| 24/02/2026 | As above | Buy | 90,197 | 15,755 | 15,755 |
| 24/02/2026 | As above | Buy | 541,539 | 94,592 | 94,592 |
| 24/02/2026 | As above | Buy | 291,786 | 50,967 | 50,967 |
| 24/02/2026 | As above | Buy | 529,666 | 92,518 | 92,518 |
| 24/02/2026 | As above | Buy | 89,831 | 15,691 | 15,691 |
| 24/02/2026 | As above | Buy | 130,988 | 22,880 | 22,880 |
| 24/02/2026 | As above | Buy | 26,564 | 4,640 | 4,640 |
| 24/02/2026 | As above | Buy | 1,392,297 | 243,196 | 243,196 |
| 24/02/2026 | As above | Buy | 361,648 | 63,170 | 63,170 |
| 24/02/2026 | As above | Buy | 122,412 | 21,382 | 21,382 |
| 24/02/2026 | As above | Buy | 738,640 | 129,020 | 129,020 |
| 24/02/2026 | As above | Buy | 533,186 | 93,133 | 93,133 |
| 24/02/2026 | As above | Buy | 465,173 | 81,253 | 81,253 |
| 24/02/2026 | As above | Buy | 1,166,274 | 203,716 | 203,716 |
| 24/02/2026 | As above | Buy | 693,252 | 121,092 | 121,092 |
| 24/02/2026 | As above | Buy | 1,049,433 | 183,307 | 183,307 |
| 24/02/2026 | As above | Buy | 776,749 | 192,163 | 192,163 |
| 24/02/2026 | As above | Buy | 92,350 | 16,131 | 16,131 |
| 24/02/2026 | As above | Buy | 77,774 | 13,585 | 13,585 |
| 27/02/2026 | As above | Sell | 100,136 | 17,088 - |
17,088 |
| 06/03/2026 | As above | Sell | 134,050 | 23,642 - |
23,642 |
| 11/03/2026 | As above | Buy | 1,081,413 | 195,228 | 195,228 |
| 13/03/2026 | As above | Buy | 304,095 | 79,586 | 79,586 |
| 13/03/2026 | As above | Buy | 164,830 | 30,212 | 30,212 |
| 17/03/2026 | As above | Buy | 425,123 | 77,719 | 77,719 |
| 19/03/2026 | As above | Buy | 190,840 | 33,569 | 33,569 |
| 19/03/2026 | As above | Buy | 476,414 | 83,802 | 83,802 |
| 19/03/2026 | As above | Buy | 57,578 | 10,128 | 10,128 |
| 19/03/2026 | As above | Buy | 13,087 | 2,302 | 2,302 |
| 19/03/2026 | As above | Buy | 13,894 | 2,444 | 2,444 |
| 19/03/2026 | As above | Buy | 108,635 | 19,109 | 19,109 |
| 19/03/2026 | As above | Buy | 77,253 | 13,589 | 13,589 |
| 19/03/2026 | As above | Buy | 18,311 | 3,221 | 3,221 |
| 19/03/2026 | As above | Buy | 785 | 139 | 139 |
| 19/03/2026 | As above | Buy | 15,368 | 2,723 | 2,723 |
| 19/03/2026 | As above | Buy | 7,749 | 1,373 | 1,373 |
| 19/03/2026 | As above | Buy | 13,743 | 2,435 | 2,435 |
| 19/03/2026 | As above | Buy | 2,004 | 355 | 355 |
| 19/03/2026 | As above | Buy | 8,392 | 1,487 | 1,487 |
| 19/03/2026 | As above | Buy | 38,785 | 6,872 | 6,872 |
| 19/03/2026 | As above | Buy | 8,850 | 1,568 | 1,568 |
| 19/03/2026 | As above | Buy | 13,308 | 2,358 | 2,358 |
| 19/03/2026 | As above | Buy | 773 | 137 | 137 |
| 19/03/2026 | As above | Buy | 2,438 | 432 | 432 |
| 19/03/2026 | As above | Buy | 3,629 | 643 | 643 |
| 19/03/2026 | As above | Buy | 34,140 | 6,049 | 6,049 |
| 19/03/2026 | As above | Buy | 56,625 | 10,033 | 10,033 |
| 19/03/2026 | As above | Buy | 48,272 | 8,553 | 8,553 |
| 19/03/2026 | As above | Buy | 31,911 | 5,654 | 5,654 |
| 19/03/2026 | As above | Buy | 24,376 | 4,319 | 4,319 |
| 19/03/2026 | As above | Buy | 5,610 | 994 | 994 |
| 19/03/2026 | As above | Buy | 21,249 | 3,765 | 3,765 |
| 19/03/2026 | As above | Buy | 32,371 | 8,105 | 8,105 |
| 19/03/2026 | As above | Buy | 4,069 | 721 | 721 |
| 19/03/2026 | As above | Buy | 13,969 | 2,475 | 2,475 |
| 19/03/2026 | As above | Buy | 34,879 | 6,180 | 6,180 |
| 19/03/2026 | As above | Buy | 4,216 | 747 | 747 |
| 19/03/2026 | As above | Buy | 959 | 170 | 170 |
| 19/03/2026 | As above | Buy | 1,016 | 180 | 180 |
| 19/03/2026 | As above | Buy | 7,952 | 1,409 | 1,409 |
| 19/03/2026 | As above | Buy | 5,655 | 1,002 | 1,002 |
| 19/03/2026 | As above | Buy | 1,343 | 238 | 238 |
| 19/03/2026 | As above | Buy | 10,733 | 1,888 | 1,888 |
| 19/03/2026 | As above | Buy | 209,947 | 36,930 | 36,930 |
| 19/03/2026 | As above | Buy | 105,821 | 18,614 | 18,614 |
| 19/03/2026 | As above | Buy | 187,724 | 33,021 | 33,021 |
| 19/03/2026 | As above | Buy | 27,345 | 4,810 | 4,810 |
| 19/03/2026 | As above | Buy | 114,604 | 20,159 | 20,159 |
| 19/03/2026 | As above | Buy | 529,814 | 93,195 | 93,195 |
| 19/03/2026 | As above | Buy | 120,914 | 21,269 | 21,269 |
| 19/03/2026 | As above | Buy | 181,755 | 31,971 | 31,971 |
| 19/03/2026 | As above | Buy | 10,585 | 1,862 | 1,862 |
| 19/03/2026 | As above | Buy | 33,308 | 5,859 | 5,859 |
| 19/03/2026 | As above | Buy | 49,545 | 8,715 | 8,715 |
Page 6 of 7
| Date of Change | Holder of relevant interest | Nature of Change | Consideration | Number of Securities |
Person's Votes Affected |
|---|---|---|---|---|---|
| 19/03/2026 | As above | Buy | 466,363 | 82,034 | 82,034 |
| 19/03/2026 | As above | Buy | 773,490 | 136,058 | 136,058 |
| 19/03/2026 | As above | Buy | 659,358 | 115,982 | 115,982 |
| 19/03/2026 | As above | Buy | 435,903 | 76,676 | 76,676 |
| 19/03/2026 | As above | Buy | 332,982 | 58,572 | 58,572 |
| 19/03/2026 | As above | Buy | 76,605 | 13,475 | 13,475 |
| 19/03/2026 | As above | Buy | 290,282 | 51,061 | 51,061 |
| 19/03/2026 | As above | Buy | 442,163 | 109,909 | 109,909 |
| 19/03/2026 | As above | Buy | 55,577 | 9,776 | 9,776 |
Page 7 of 7
Annexure 2
This is page 1 of 2 of Annexure 2 referred to in ASIC Form 603 - becoming a substantial holder
==> picture [101 x 40] intentionally omitted <==
Linda Matthews - Company Secretary of Challenger Limited 23/03/2026
| Company Name ACN / Company Number Country of Incorporation |
Company Name ACN / Company Number Country of Incorporation |
Company Name ACN / Company Number Country of Incorporation |
|---|---|---|
| Challenger Limited | 106842371 |
Australia |
| 255 Finance GroupPtyLtd | 628853056 | Australia |
| 255 Finance Investments PtyLtd | 164516401 | Australia |
| 255 Finance PtyLtd | 168112507 | Australia |
| 255 Finance Services PtyLtd | 168107355 | Australia |
| AlphinityInvestment Management PtyLtd | 140833709 | Australia |
| Ardea Investment Management PtyLtd | 132902722 | Australia |
| Ardea Investment Management(UK)Limited | 13043903 | United Kingdom |
| Artega Investment Administration PtyLimited | 661042093 | Australia |
| Bentham Asset Management PtyLtd | 140833674 | Australia |
| Calix Re Holdings Limited | 202504686 | Bermuda |
| Calix Re Holdings US Limited | 10548639 | United States |
| Calix Re Limited | 202504726 | Bermuda |
| Calix Re MidCo Limited | 202504725 | Bermuda |
| Calix Re MidCo US Limited | 10548643 | United States |
| Calix Re Services Limited | 202505098 | Bermuda |
| Carolina HoldCo PtyLtd | 695152900 | Australia |
| Carolina PtyLtd | 695153023 | Australia |
| CDPG Australia PtyLimited | 124498095 | Australia |
| Challenger Financial Services PtyLimited | 087464131 | Australia |
| Challenger Funds Management Holdings PtyLimited | 107728030 | Australia |
| Challenger GroupHoldings Limited | 002993302 | Australia |
| Challenger GroupPtyLimited | 003374196 | Australia |
| Challenger GroupServices Pty. Ltd. | 085657307 | Australia |
| Challenger Holdco2 Holdings PtyLtd | 646761275 | Australia |
| Challenger Holdco3 Holdings PtyLtd | 657425744 | Australia |
| Challenger Home Loan Corporation PtyLtd | 058891302 | Australia |
| Challenger IM Capital FinCo PtyLtd | 695836527 | Australia |
| Challenger IM Capital Limited | 687738263 | Australia |
| Challenger Investment Partners Limited | 092382842 | Australia |
| Challenger Investment Solutions Management PtyLtd | 130035353 | Australia |
| Challenger Japan Holdings Kabushiki Kaisha | 0100-01-182399 | Japan |
| Challenger Japan Holdings PtyLimited | 617208205 | Australia |
| Challenger Kabushiki Kaisha | 0100-01-182872 | Unknown |
| Challenger Life CDI Nominees PtyLtd | 055293644 | Australia |
| Challenger Life CompanyHoldings PtyLtd | 006381193 | Australia |
| Challenger Life CompanyLimited | 072486938 | Australia |
| Challenger Life Debt Investments(Europe)Limited | 7626067 | United Kingdom |
| Challenger Life Fund PropertyInvestments PtyLtd | 161212693 | Australia |
| Challenger Life Nominees No.2 PtyLtd | 078627013 | Australia |
| Challenger Life Nominees No.3 PtyLimited | 151482147 | Australia |
| Challenger Life Nominees PtyLtd | 091336793 | Australia |
| Challenger Life SubsidiaryHoldings PtyLimited | 099742122 | Australia |
| Challenger Management Services(UK)Limited | 6393787 | United Kingdom |
| Challenger Mortgage Management PtyLtd | 087271109 | Australia |
| Challenger NZ Holdco1 Limited | 9279773 | New Zealand |
| Challenger Non-conformingFinance PtyLtd | 107725486 | Australia |
| Challenger Retirement and Investment Services Limited | 115534453 | Australia |
| Challenger Securitisation Management PtyLtd | 100346898 | Australia |
| Challenger Special ServicingPtyLtd | 107707415 | Australia |
| Challenger TreasuryLimited | 093307996 | Australia |
| Challenger Wholesale Finance Holdings PtyLimited | 087284240 | Australia |
| Challenger Wind Holdings PtyLimited | 151496061 | Australia |
| CLS US Holdings,LLC | 5302598 | United States |
| CPHIC Investments PtyLtd | 093340526 | Australia |
| Eiger Capital PtyLimited | 631838607 | Australia |
| Fidante Partners AAM Holdings PtyLimited | 636490189 | Australia |
Annexure 2
This is page 2 of 2 of Annexure 2 referred to in ASIC Form 603 - becoming a substantial holder
==> picture [101 x 40] intentionally omitted <==
Linda Matthews - Company Secretary of Challenger Limited 23/03/2026
| Company Name ACN / Company Number Country of Incorporation |
Company Name ACN / Company Number Country of Incorporation |
Company Name ACN / Company Number Country of Incorporation |
|---|---|---|
| Fidante Partners AB | 559327-5497 |
Sweden |
| Fidante Partners AlphinityHoldings PtyLtd | 140716016 | Australia |
| Fidante Partners Ardea Holdings PtyLtd | 133865853 | Australia |
| Fidante Partners Bentham Holdings PtyLtd | 140715573 | Australia |
| Fidante Partners Cultiv8 Holdings PtyLtd | 659373109 | Australia |
| Fidante Partners Eiger Holdings PtyLimited | 631837360 | Australia |
| Fidante Partners Europe Limited | 4040660 | United Kingdom |
| Fidante Partners FME Holdings Limited | 11410594 | United Kingdom |
| Fidante Partners Holdco1 PtyLimited | 666942196 | Australia |
| Fidante Partners Holdings(Guernsey)Limited | 43315 | Guernsey |
| Fidante Partners Holdings Europe Limited | 6172534 | United Kingdom |
| Fidante Partners Holdings PtyLimited | 123318650 | Australia |
| Fidante Partners Lennox Holdings PtyLimited | 616975565 | Australia |
| Fidante Partners Limited | 002835592 | Australia |
| Fidante Partners Liquid Strategies ICAV | C139635 | Ireland |
| Fidante Partners Merlon Holdings PtyLtd | 140715662 | Australia |
| Fidante Partners Novaport Holdings PtyLtd | 140715797 | Australia |
| Fidante Partners Ox Holdings PtyLtd | 649174087 | Australia |
| Fidante Partners Services Limited | 119605373 | Australia |
| Fidante Partners System Holdings PtyLtd | 678592928 | Australia |
| Fidante Partners Wavestone Holdings PtyLimited | 133626276 | Australia |
| Fidante Partners Whitehelm Holdings PtyLtd | 169043903 | Australia |
| FME Asset Management Limited | 11064883 | United Kingdom |
| Fulcrum Asset Management LLP | OC306401 | United Kingdom |
| Fulcrum Asset Management Holdings Limited | 16777662 | United Kingdom |
| FAM Services Limited | 05000601 | United Kingdom |
| Greencape Capital PtyLtd | 120328529 | Australia |
| Kabushiki Kaisha C & K | 0104-01-067168 | Japan |
| Kudu Investment Partners I,Lp | 47-2497501 | Unknown |
| Lease Collateral No.2 PtyLtd | 168112481 | Australia |
| Lease Collateral PtyLtd | 168112472 | Australia |
| Lease FundingManagement PtyLtd | 168112490 | Australia |
| LendingJV Holdco PtyLtd | 661671683 | Australia |
| Lennox Capital Partners PtyLimited | 617001966 | Australia |
| Novaport Capital PtyLtd | 140833656 | Australia |
| Oaklands Hill PtyLtd | 149814559 | Australia |
| Oaklands Hill Wind Farm PtyLtd | 126595935 | Australia |
| Offshore Reinsurer(Bermuda)CompanyLimited | 51746 | Bermuda |
| Ox Capital Management PtyLtd | 648887914 | Australia |
| Ox Capital Management HK Pty. Limited | 76656681 | HongKong |
| Resonance Asset Management Limited | 9028327 | United Kingdom |
| System Capital PtyLtd | 657739323 | Australia |
| System Holdings PtyLtd | 657737276 | Australia |
| US LLC Holdings PtyLtd | 130888292 | Australia |
| US LLC Investments LLC | 36-4811214 | United States |
| Water Ventures Limited | 9592184 | United Kingdom |
| Wavestone Capital PtyLimited | 120179419 | Australia |
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