Hipages : Change in substantial holding from CGF

Sydney

Level 2, 5 Martin Place Sydney NSW 2000 Australia

GPO Box 3698

Sydney NSW 2001www.challenger.com.au

Telephone [phone]

Facsimile 02 9994 7777

28 April 2022

The Manager

Company Announcements Office ASX Limited

20 Bridge Street SYDNEY NSW 2000

By electronic lodgement

Dear Sir/Madam

Re: Notice of change of interests of substantial holder - Hipages Group Holdings Ltd (HPG)

We attach a notice of change of interests of substantial holder in Hipages Group Holdings Ltd. This notice is given by Challenger Limited and each of its associated entities named in Annexure 2 to this notice.

Yours faithfully

Linda Matthews Company Secretary

Melbourne	Level 19, 31 Queen Street PO Box 297, Flinders Lane, Melbourne VIC 3000 Telephone [phone] Facsimile 02 9994 7777
Brisbane	Level 6, 215 Adelaide Street, Brisbane QLD 4000 Telephone [phone] Facsimile 07 3136 5407
Perth	Level 26, 140 St Georges Terrace, Perth WA 6000 Telephone [phone]
Adelaide	Level 7, Suite 714, 147 Pirie Street, Adelaide SA 5000 Telephone [phone]

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 MyLifeMyFinance Limited ABN 54 087 651 750 AFSL 245606

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Challenger Limited (and its entities listed in Annexure 2)	HSBC Custody Nominees (Australia) Limited	HSBC Custody Nominees (Australia) Limited	Ordinary Fully Paid securities purchased and sold on market by Challenger Limited (and its entities listed in Annexure 2)	2,906,248 (Ordinary Fully Paid)	2,906,248
Challenger Limited (and its entities listed in Annexure 2)	UBS Nominees Pty Limited	UBS Nominees Pty Limited	As above	423,696 (Ordinary Fully Paid)	423,696
Challenger Limited (and its entities listed in Annexure 2)	National Nominees Limited	National Nominees Limited	As above	1,908,963 (Ordinary Fully Paid)	1,908,963

To Company Name/Scheme

Hipages Group Holdings Ltd

ACN/ARSN

644 430 839

1. Details of substantial holder(1)

Name

Challenger Limited (and its entities listed in Annexure 2)

ACN/ARSN (if applicable)

106 842 371

There was a change in the interests of the substantial holder on 26/04/2022

The previous notice was given to the company on 29/03/2022

The previous notice was dated 29/03/2022

2. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Classof securities (4)	Previous notice	Present notice
Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary Fully Paid	7,927,600	6.08%	6,612,636	5.08%

3. Changes in relevant interests

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	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
Refer Annexure 1	Challenger Limited (and its entities listed in Annexure 2)	Refer Annexure 1	Refer Annexure 1	Refer Annexure 1	Refer Annexure 1

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Challenger Limited (and its entities listed in Annexure 2)	Citicorp Nominees Pty Limited	Citicorp Nominees Pty Limited	As above	1,187,570 (Ordinary Fully Paid)	1,187,570
Challenger Limited (and its entities listed in Annexure 2)	BNP Paribas Nominees Pty Limited	BNP Paribas Nominees Pty Limited	As above	186,159 (Ordinary Fully Paid)	186,159

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) 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	N/A

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Challenger Limited (and its entities listed in Annexure 2)	Level 2, 5 Martin Place, Sydney NSW 2000

Signature

print name

Linda Matthews Company Secretary

Capacity

sign here 28/04/2022

date

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 6 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 person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

(a) 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

(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.

(7) 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.

• (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) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Annexure 1 consists of 2 page/s and is referred to in Form 604 signed by me and dated 28/04/2022

Linda Matthews

Company Secretary of Challenger Limited

Date of Change	Holder of relevant interest	Nature of Change	Consideration	Number of Securities	Person's Votes Affected
31/03/2022	Challenger Limited (and its entities listed in Annexure 2)	Buy	67,209	32,236	32,236
12/04/2022	As Above	Buy	1,518	999	999
12/04/2022	As Above	Sell	89,282	‐58,607	58,607
12/04/2022	As Above	Buy	667	439	439
12/04/2022	As Above	Buy	772	508	508
12/04/2022	As Above	Buy	523	344	344
12/04/2022	As Above	Buy	3,478	2,289	2,289
12/04/2022	As Above	Sell	84,078	‐55,191	55,191
12/04/2022	As Above	Buy	6,400	4,212	4,212
12/04/2022	As Above	Buy	4,280	2,817	2,817
12/04/2022	As Above	Buy	2,557	1,683	1,683
12/04/2022	As Above	Buy	2,876	1,893	1,893
13/04/2022	As Above	Sell	95,099	‐60,231	60,231
13/04/2022	As Above	Sell	89,566	‐56,727	56,727
19/04/2022	As Above	Buy	2,416	1,590	1,590
19/04/2022	As Above	Sell	94,390	‐61,460	61,460
19/04/2022	As Above	Buy	1,062	699	699
19/04/2022	As Above	Buy	1,229	809	809
19/04/2022	As Above	Buy	833	548	548
19/04/2022	As Above	Buy	5,537	3,644	3,644
19/04/2022	As Above	Sell	88,783	‐57,809	57,809
19/04/2022	As Above	Buy	10,193	6,708	6,708
19/04/2022	As Above	Buy	6,815	4,485	4,485
19/04/2022	As Above	Buy	4,072	2,680	2,680
19/04/2022	As Above	Buy	4,578	3,013	3,013
20/04/2022	As Above	Sell	93,433	‐61,942	61,942
20/04/2022	As Above	Sell	87,812	‐58,215	58,215
21/04/2022	As Above	Sell	66,585	‐46,914	46,914
21/04/2022	As Above	Sell	3,120	‐2,198	2,198
21/04/2022	As Above	Sell	39,376	‐27,743	27,743
21/04/2022	As Above	Sell	205,994	‐145,138	145,138
22/04/2022	As Above	Sell	33,984	‐25,527	25,527
22/04/2022	As Above	Sell	4,070	‐3,052	3,052
22/04/2022	As Above	Sell	1,592	‐1,196	1,196
22/04/2022	As Above	Sell	20,096	‐15,095	15,095
22/04/2022	As Above	Sell	280,547	‐210,384	210,384
22/04/2022	As Above	Sell	105,135	‐78,972	78,972
26/04/2022	As Above	Sell	6,579	‐5,150	5,150
26/04/2022	As Above	Sell	453,489	‐355,009	355,009

Transactions: Company Name/Scheme: As at:

Class of security:Hipages Group Holdings Ltd (HPG) 26/04/2022

Ordinary Fully Paid

Date of Change	Holder of relevant interest	Nature of Change	Consideration	Number of Securities	Person's Votes Affected
Total Number of Securities -1,314,964