This Notice is being issued to provide Participants with
further information in relation to the bid and details the acceptance process
through CHESS.

What do I need to do by when?

Bid Details

Offer Period

The Buy-back Price is the NAV Per Unit as at the Buy-Back Pricing Date (Wednesday, 30 September 2026). The NAV Per Unit will be calculated by the independent Administrator of the Trust.

If the Responsible Entity receives acceptances for more units than 2.5% of the total Units of the Trust, Nominated Units the subject of valid acceptances will be subject to a Scale-Back and reduced by the same proportion needed to ensure the Responsible Entity buys back no more than 2.5% of the total Units of the Trust on issue at the Buy-Back Record Date. If the Responsible Entity only receives acceptances for fewer units than 2.5% of the total Units of the Trust on issue at the Buy-Back Record Date, then all units the subject of valid acceptances will be bought back. If the number of Units to be bought back under the Buy-Back would exceed the 10/12 Limit and Unitholder approval to do so has not been obtained, the Nominated Units the subject of valid acceptances will also be subject to Scale-Back and reduced by the same proportion needed to ensure the Responsible Entity buys back no more than the maximum amount permitted by the 10/12 Limit.

CHESS will process acceptance messages until 7:00pm (Sydney time) on Wednesday, 23 September 2026, or in the event that the bid is extended, such other time as may be notified by bidder to the market.

For further information regarding the Offer, please contact the Unit Registry on 1300 135 167 from within Australia or+61 2 8023 5415 from outside Australia, Monday to Friday between 8:30am and 5:00pm (Sydney time).

Need more information?

Issued by

Equity Operations

Contact information

1800 814 051

chesshelp@asx.com.au

General Information

Participants should refer to Section 13 of the CHESS Procedure Guidelines for Participants and Section 14 of the ASX Settlement Operating Rules for further information concerning the processing of Takeover Acceptance Messages for a CHESS Holding of securities. Some of these issues are summarised below. 

• A Participant must initiate acceptance of an offer by transmission of an EIS type ‘031’ message (Takeover Acceptance) where the securities in question are held in a CHESS Holding. The Participant will receive a ‘032’ message (Effected Takeover Acceptance) from CHESS in response. 
• In addition to the electronic notification to the Participant, paper notification will be sent directly to the Holder as securities are reserved in an offer-accepted subposition. Any change to the balance of securities in subposition will generate further electronic advice to the Participant and paper advice to the Holder.
• Where a Participant receives instructions from a Sponsored Holder, the Participant is required under the ASX Settlement Operating Rules to initiate acceptance of an offer:
• if the Holder specifies the time when or by which the offer must be accepted, in accordance with those instructions; otherwise 
• by End of Day on the date of receipt of instructions from the Holder. Where the offer closes on the date of receipt of instructions then prior to the close of the offer. 

Participants should therefore retain, as a minimum, a record of the date on which instructions to accept an offer are received from a Sponsored Holder.

Disclaimer