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CHALLENGER LIMITED Share Issue/Capital Change 2024

Jan 2, 2024

64641_rns_2024-01-02_ac35de82-2f87-4f8f-9a32-b8f38337a735.pdf

Share Issue/Capital Change

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

CHALLENGER LIMITED

Date of this announcement

Wednesday January 03, 2024

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

Total number of
ASX +security +securities to be
code Security description issued/transferred Issue date
CGFAA PERFORMANCE RIGHTS 146,028 08/11/2023

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

CHALLENGER LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

85106842371

1.3 ASX issuer code

CGF

1.4 The announcement is

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New announcement

1.5 Date of this announcement

3/1/2024

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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has an existing ASX security code ("existing class")

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

ASX +security code and description
CGFAA : PERFORMANCE RIGHTS
Date the +securities the subject of this notification were issued
8/11/2023
Will these +securities rank equally in all respects from their issue date with the existing issued
+securities in that class
Yes
Were any of the +securities issued to +key management personnel (KMP) or an +associate?
No
Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme
or a summary of the terms
The material terms of the short term incentives being either deferred performance rights or restricted shares (STIs) and
hurdled performance rights (HPRs) and a description of the Challenger Performance Plan Trust are set out in the
Remuneration Report in the Challenger 2023 Annual Report which can be accessed at
https://www.challenger.com.au/-/m
.While the Remuneration Report discloses certain
edia/challenger/documents/financial-information/2023-annual-report.pdf
information about the STI and HPR awards to Challenger's KMP, the terms of the STIs and HPRs set out therein are in all
material respects consistent for all employee participants in the employee incentive scheme. The STIs and HPRs are
satisfied from ordinary shares of CGF which have been purchased on-market.
Any other information the entity wishes to provide about the +securities the subject of this notification
Quarterly filing relates to the issue of securities from 1 October 2023 to 31 December 2023 for employees who are not key
management personnel.
Issue details
Number of +securities
146,028

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

Total number of
ASX +security code and description +securities on issue
CGF : ORDINARY FULLY PAID 690,869,975
CGFPC : CAP NOTE 3-BBSW+4.60% PERP NON-CUM RED T-05-26 3,850,000
CGFPD : CAP NOTE 3-BBSW+3.60% PERP NON-CUM RED T-05-29 3,500,000
4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)
Total number of
ASX +security code and description +securities on issue
CGFAA : PERFORMANCE RIGHTS 19,554,107

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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