SPH Notice – L1 Capital Pty Ltd

605 page 1/2 15 July 2001
To Company Name/ SchemeChorus Limited
ACN/ ARSN152 485 848
1. Details of substantial holder (1)
NameL1 Capital Pty Ltd and L1 Capital Strategic Equity Management Pty Ltd
ACN/ ARSN (if applicable)L1 Capital Pty Ltd (125 378 145) and L1 Capital Strategic Equity Management Pty Ltd (648 751 928)
The holder ceased to be a substantial holder on
The previous notice was given to the company on
The previous notice was dated
2. Changes in relevant interests
3. Changes in association
4. Addresses
The addresses of persons named in this form are as follows:
Signature
Print nameCapacity
Sign hereDate

L1 Capital Pty LtdLevel 45, 101 Collins Street, Melbourne, VIC, 3000
Jane StewartHead of Legal and Compliance
11/05/2026
L1 Capital Strategic Equity
Management Pty LtdLevel 45, 101 Collins Street, Melbourne, VIC, 3000
25/02/2026
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
NameAddress
The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) 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
Nature of change (6)
Consideration given in
relation to change (7)
Class and number of
securities affectedPerson's votes affected
See
Annexure A
25/02/2026
Form 605
Corporations Act 2001
Section 671B
Notice of ceasing to be a substantial holder
7/05/2026

605 page 2/2 15 July 2001
(1)
(2)See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
(3)See the definition of "associate" in section 9 of the Corporations Act 2001.
(4)Include details of:
(a)
(b)
See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
(5)
(8)The voting shares of a company constitute one class unless divided into separate classes.
(7)Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.
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 4 of the form.
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
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).
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.
DIRECTIONS

Annexure A
L1 Capital Pty Ltd (ACN 125 378 145) and L1 Capital Strategic Equity Pty Ltd (ACN 648 751 928 ) ceasing in substantial holding in Chorus Limited
This is Annexure "A" of 1 page referred to in the Form 605 (Notice of ceasing to be a Substantial Holder)
Print NameJane StewartCapacityHead of Legal & Compliance
Sign HereDate
11/05/2026
Changes in relevant interests
26/02/2026
On-Market Sale $ 126,381.15
15,897
FPO
15,897
27/02/2026
On-Market Sale $ 87,685.47
10,947
FPO
10,947
23/03/2026
On-Market Sale $ 1,819,937.20
228,426
FPO
228,426
25/03/2026
On-Market Sale $ 993,000.00
125,000
FPO
125,000
10/04/2026
On-Market Sale $ 802,095.22
101,996
FPO
101,996
14/04/2026
On-Market Sale $ 1,368,416.11
175,733
FPO
175,733
16/04/2026
On-Market Sale $ 1,725,619.56
218,016
FPO
218,016
17/04/2026
On-Market Sale $ 1,507,320.29
188,706
FPO
188,706
28/04/2026
On-Market Sale $ 1,158,421.50
143,015
FPO
143,015
28/04/2026
On-Market Sale $ 3,814,419.60
470,916
FPO
470,916
4/05/2026
On-Market Sale $ 140,638.35
16,952
FPO
16,952
4/05/2026
On-Market Sale $ 445,592.59
53,710
FPO
53,710
5/05/2026
On-Market Sale $ 286,313.91
34,630
FPO
34,630
5/05/2026
On-Market Sale $ 904,199.68
109,364
FPO
109,364
6/05/2026
On-Market Sale $ 526,362.23
63,934
FPO
63,934
6/05/2026
On-Market Sale $ 1,649,543.84
200,360
FPO
200,360
7/05/2026
On-Market Sale $ 38,239,987.50
4,635,150
FPO
4,635,150
7/05/2026
On-Market Sale $ 178,320,433.50
21,614,598
FPO
21,614,598
L1 Capital Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
Class and number of securities
affected
Person's votes
affectedDate of changePerson whose relevant interest changedNature of change (6)Consideration given in relation to change (7)