Announcement PDF Australian Ethical AC 21 May 2024 Market Announcements Office ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000 Notice of Initial Substantial Holder Attached is a Form 603 Notice of Initial Substantial Holder in relation to Australian Finance Group Limited completed by Australian Ethical Investment Limited. Yours faithfully, Authorised by Karen Hughes Company Secretary t 02 8276 6288 e enquiries@australianethical.com.au p GPO Box Centre Sydney, GPO Box 8, Sydney NSW 2001 Australian Ethical Investment Ltd ABN 47 003 188 930 AFSL 229949 australianethical.com.au Form 603 Corporations Act 2001 Section 671B Notice of initial substantial holder To Company Name/Scheme Australian Finance Group Ltd ACN/ARSN 066 385 822 1. Details of substantial holder (1) Name National Nominees Ltd ACF Australian Ethical Investment Limited ABN ARSN 089 919 175 The holder became substantial on 17/05/2024 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) Ordinary F/P Number of securities Person’s votes (5) 14,795,800 Voting power (6) 14,795,800 5.46% 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 holder became a substantial holder are as follows: Holder of relevant interest National Nominees Ltd ACF Australian Ethical Investment Nature of relevant interest (7) Class and number of securities 14,795,800 F/P 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 National Nominees Ltd ACF Australian Ethical Investment Registered holder of securities National Nominees Ltd ACF Australian Ethical Investment Person entitled to be registered as holder (8) National Nominees Ltd ACF Australian Ethical Investment Class and number of securities 14,795,800 Ordinary F/P 5. Consideration The consideration paid for each relevant interest referred to 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 Cash Consideration (9) Non-cash Class and number of securities Please refer to spreadsheet 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 7. Addresses The addresses of persons named in this form are as follows: Name National Nominees Ltd Australian Ethical Investment Limited Address Level 12, 500 Bourke St, MELBOURNE VIC 3000 GPO Box Centre Sydney,GPO Box 8, Sydney NSW 2001 Signature Print name: Robert Bush Capacity: Head of Fund Accounting Sign here: Date: 21/05/2024 DIRECTIONS (1) If there are a number of substantial holders with similar or related relevant interests (e.g. 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, with the names and addresses is clearly set out ion 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 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 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 (e.g. 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 A Australian Finance Group Ltd. AFG National Nominees Ltd ACF Australian EthicalInvestment Ltd % This Report % Previous Report %Movement AEI Holding Issued Shares Holds 5.46 4.88 0.58 14,795,800 270,769,045 Notice Required: Form 603 • Notice ol becoming a substantial holder Person whose relevant interest changed National Nomineesltd ACF Australian 20/08/2019 EthicalInvestment Ltd 20/08/2019 ditto 23/09/2019 ditto 08/11/2019 ditto Date of Change 08/11/2019 ditto 11/11/2019 ditto 23/12/2019 ditto 17/02/2020 ditto 18/02/2020 ditto 19/02/2020 ditto 19/02/2020 ditto 30/04/2020 ditto 01/05/2020 ditto 14/0!j/2020 ditto 14/05/2020 drtto 18/11/2020 ditto 18/11/2020 ditto 19/11/2020 drtto 19/11/2020 ditto 20/11/2020 ditto 20/11/2020 ditto 23/11/2020 ditto 23/11/2020 ditto 24/11.2020 ditto 24/11/2020 ditto 25/11/2020 ditto 25/11/2020 ditto 26/11/2020 ditto 27/11/2020 ditto 27/11/2020 ditto 30/11/2020 ditto 30/11/2020 ditto 12/01/2021 ditto 13/01/2021 ditto 14/01/2021 ditto 18/01.2021 ditto 18/01/2021 ditto 19/01/2021 ditto 22/01/2021 ditto 22/01/2021 ditto Nature of Change Sell Sell Sell Sell Sell Sell Sell Sell Sell Sell Sell Buy Buy Buy Buy Sell Sell Sell Sell Sell Sell Sell Sell Sell Sell Sell Sell Sell Sell Sell Sell Sell Sell Sell Sell Sell Sell Sell Sell Sell Consideration given in relation Class and number ol securities affected to change Person whose votes affected National Nominees ltd ACF Australian Ethical Investmentltd 99.405.03 43.300 99.402.75 m.975.03 43,299 ditto 169,523 187.902.82 36.296.01 66.002 ditto ditto 13,219 ditto 179,199.45 65,261 18.239.04 6.551 ditto ditto 256,230.59 93,721 ditto 29,528.70 10,666 134.264.22 48.931 1,208,1388.93 440.383 30.615.21 175.409.85 2,377,357.05 304.037.00 466.804.80 20.000 119.489 ditto ditto ditto ditto ditto ditto ditto ditto ditto ditto ditto ditto ditto 63.655.20 2,067,26/ 264.360 134,800 289.232.28 91.338.23 25.200 114.875 36.277 367.625.48 145,779 50.128.34 372.756.21 19.878 149.192 50.631.98 167.582.66 22.853.77 194.250.94 61.342.27 201.366.00 211.222.44 28.803.06 170.697.74 20,345 66,934 ditto ditto 9.128 77.536 24.485 81.000 87.120 11.880 70.826 ditto 23.276.75 9,658 186.858.10 12.769.94 93.140.44 93.713.05 12.780.45 5.787.78 382.495.33 60.000 ditto ditto 4,560 ditto 34,561 139.874 62.164.91 19,074 ditto ditto ditto ditto ditto ditto 34.278 4,674 2,102 ditto ditto ditto ditto ditto ditto ditto 603 - 26 September 2016 25/01/2021 dino 25/01/2021 ditto 27/01/2021 ditto 27/01/2021 ditto 02/02/2021 ditto 02/02/2021 ditto 03/02/2021 ditto 03/02/2021 ditto 04/02/2021 ditto 08/02/2021 ditto 06/02/2021 ditto 09/02/2021 ditto 09/02/2021 ditto 15/11/2021 ditto 15/11/2021 ditto 01/04/2022 ditto 01/04/2022 ditto 05/04/2022 ditto 05/04/2022 ditto 01/03/2024 ditto 01/03/2024 ditto 29/04/2024 ditto 01/05/2024 ditto 02/05/2024 ditto 02/D5/2024 ditto 09/05/2024 ditto 17/05/2024 ditto 17/05/2024 ditto Sell Sell Sell Sell Sell Sell Sell Sell Sell Sell Sell Sell 374.371.37 51.054.24 351.43S.04 47.922.07 4-15.406.65 €0.735.13 680.914.49 92.651.98 70.197.72 277.696.52 37,567.71 253.651.62 Sell 34.588.86 Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy 1.168.756.22 193.518.78 132.000 ditto 16,000 ditto ditto 125.146 17.065 ditto 25.0C0 ditto ditto ditto ditto ditto 92.400 ditto 12.600 83.6C0 ditto ditto ditto ditto ditto ditto ditto 160,855 21.934 242.000 33,000 11.400 516,000 1.319.005.08 1.188579.72 84.000 627.062 627.063 565.058 226.395.93 107,630 253.645.81 253.644.37 175.548 175.547 157.699.63 100,959 91.8-11.39 245.658.40 148389.53 178.472.25 1.170.027.89 61.958 164.883 120,379 ditto ditto 822.6C6 ditto 1,422.343.00 1,000,000 ditto 1.319.002.98 100,000 ditto ditto ditto ditto ditto ditto ditto