Pacific Current : PAC Dividend Reinvestment Plan

Tacoma // Denver // Sydney // Melbourne

ASX ANNOUNCEMENT

27 August 2020

PAC DIVIDEND REINVESTMENT PLAN

The Board of Pacific Current Group Limited (PAC) (ASX:PAC) has introduced a dividend reinvestment plan (DRP).

PAC invites all eligible shareholders to participate in the DRP subject to the terms of the DRP (DRP Terms). The DRP will be available for the final dividend for 2020 (if any) and applies for subsequent dividends unless notice is given of suspension or termination of the DRP.

The DRP allows eligible shareholders to reinvest part or all of their dividends into new PAC shares. Eligible shareholders may elect to participate in the DRP by lodging a Participation Form with the Share Registry (or by recording your election online) no later than one business day following the record date for any relevant dividend.

The DRP will be operated in accordance with the DRP Terms.

Shares provided under the DRP are free of brokerage and other transaction costs. DRP shares will be issued as soon as practical to participating shareholders following the payment of the dividend.

Pursuant to Listing Rule 3.10.8, the DRP Terms are attached.

Pursuant to Listing Rule 3.17.1, attached are the following documents that will be sent to shareholders:

• letter to shareholders regarding the implementation of the DRP;
• DRP highlights and frequently asked questions; and
• Participation Form.

-ENDS-

Authorised for lodgement by the Pacific Current Group Limited Board

CONTACT

For Investor Enquiries:

• Paul Greenwood - MD & CEO & CIO - ([phone]
• Tony Robinson - Chairman - ([phone]

For Media Enquiries in the US:

• Jessica Rettig [e-mail]- ([phone]

ABOUT PACIFIC CURRENT GROUP

Pacific Current Group Limited is a multi-boutique asset management firm dedicated to providing exceptional value to shareholders, investors and partners. We apply our strategic resources, including capital, institutional distribution capabilities and operational expertise to help our partners excel. As at 27 August 2020, Pacific Current Group has investments in 15 boutique asset managers globally.

Pacific Current Group Limited (ABN 39 006 708 792)

Level 29, 259 George Street, Sydney NSW 2000 Australia

www.paccurrent.com

Tel: [phone] // Fax: [phone]

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.

page 2

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.

page 3