Pacific Current : PAC DRP Rules

Dividend Reinvestment

Plan Rules

Pacific Current Group Limited

ABN 39 006 708 792 (Company)

Contents 1

1 Definitions and interpretation

1.1 The meanings of the terms used in this document are set out below.

Term	Meaning
Allocated Shares	the Shares allocated to the Participant under the DRP.
Allocated or Allocation	(a)	the issue of new Shares; or
	(b)	the transfer of existing Shares,
	to a Participant under the DRP, as the case may be.
Allocation Price	in respect of an Allocation, the price at which those Shares are Allocated,
	calculated in accordance with rule 10.
ASX	ASX Limited (ACN 008 624 691) or the market operated by ASX Limited (as
	the case may be).
Average Market Price	the arithmetic average of the daily volume weighted average price of Shares
	traded on ASX (and/or any other market determined by the Company) during
	the relevant period:
	(a)	adjusted by the Company to ensure that, as far as reasonably
		possible, the calculation of entitlements is unaffected by the
		method of Allocation, given that the Allocation of Shares may occur
		by issue, transfer, or a combination of issue and transfer; and
	(b)	excluding any trades that the Company determines to exclude on
		the basis that the trades are not fairly reflective of natural supply
		and demand or are not in the ordinary course of trading on the
		relevant market.
Board	the board of directors of the Company.
Business Day	has the meaning given in the Listing Rules.
Company	Pacific Current Group Limited ACN 36 006 708 792.
Discount	the percentage discount (if any) determined by the Company from time to time
	to be applied in calculating the Allocation Price per Share under rule 10.

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Term	Meaning
Dividend	any dividend per Share announced and payable by the Company.
Dividend Payment	for a Shareholder, the relevant Dividend multiplied by the number of Shares
	held by that Shareholder as at the relevant Dividend Record Date, subject to
	rule 20.3 and less any resident and/or non resident withholding tax or any
	other amounts the Company is entitled or required to deduct from the
	payment.
Dividend Payment	means the date, as determined by the Board, on which a Dividend is paid.
Date
Dividend Record Date	the date and time, as determined by the Company, at which a person holds or
	is taken to hold Shares for the purpose of determining the entitlement of
	Shareholders to Dividends.
DRP	the Company's dividend reinvestment plan to which these Rules apply, as
	varied from time to time.
DRP account	the account established and maintained by the Company for each Participant
	under the DRP.
Eligible Shareholder	has the meaning given in rule 3.
Employee Incentive	Employee Incentive Scheme means each of the Employee Share
Scheme
Ownership Plan 2018, Long Term Incentive Plan, Officer and
	Employee Option Plan and Share Purchase Plan.
Full Participation	has the meaning given in rule 7.2.
Last Election Date	the first Business Day following the Dividend Record Date for a Dividend, or
	such other date determined by the Company to be the last date to elect to
	participate in the DRP for a particular Dividend.
Listing Rules	the listing rules of ASX and any other rules of ASX which are applicable while
	the Company is admitted to the official list of ASX, except to the extent of any
	waiver by ASX.
Maximum Participating	the number of Shares (if any) determined by the Company from time to time
Holding	under rule 8.2.

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Term	Meaning
Minimum Participating	the number of Shares (if any) determined by the Company from time to time
Holding	under rule 8.1.
Partial Participation	has the meaning given in rule 7.3.
Participating Shares	Shares which a Participant has validly elected for participation in the DRP or
	which are otherwise taken under these Rules to participate in the DRP.
Participant	a Shareholder some or all of whose Shares are Participating Shares.
Participation Notice	a form (including a Notice of Variation or Withdrawal), whether written or
	electronic, used to apply for, vary or withdraw participation in the DRP, as
	approved by the Company from time to time.
Pricing Period	in respect of a Dividend, the period determined by the Company, being the
	period of 20 Trading Days (or such other period of not less than 5 Trading
	Days as the Board may determine in their absolute and unfettered discretion)
	commencing on and including the third Trading Day following the Record Date
	(Commencement Date) for that Dividend.
	For the avoidance of doubt, a Pricing Period may be extended by the
	Company to take account of any trading halts that occur during the Pricing
	Period.
Record Date	Has the meaning given in the ASX Rules
Related Body	in relation to a body corporate, another body corporate that is related to the
Corporate	first-mentioned body by virtue of section 50 of the Corporations Act 2001
	(Cth).
Requirements	the Corporations Act 2001 (Cth), the Listing Rules and the operating rules of
	ASX (and of any other relevant market determined by the Company).
Rules	these rules of the DRP as varied from time to time.
Share	a fully paid ordinary share in the capital of the Company.
Shareholder	a registered holder of Shares at a relevant Dividend Record Date.
Share Registry	the share registry which maintains the Company's share register.

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