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Important Information: This material has been prepared by Barrenjoey Private Capital Management Pty Limited (ACN 636 972 480), an authorised representative (representative number 001296393) of Barrenjoey Private Capital Nominees Pty Limited (ACN 658 384 171), the holder of Australian Financial Services Licence number 556003, (together, Barrenjoey Group) for information purposes only and is subject to change at any time.

It is for use by the intended recipient only and is subject to change at any time. This material does not constitute investment advice, an investment recommendation or personal advice and does not take into account any person’s specific investment objectives or financial situation, and is provided on the basis that the intended recipient is in a position to assess and determine, whether itself on its own behalf or through the use of appropriate professional independent advisors, the merits and any risks associated with the financial information contained in this material, or any potential transaction described or implied herein.

Where this material contains information in relation to a potential transaction or investment opportunity and indicative information about the terms and conditions that may attach to that transaction or opportunity, it should not be considered as final and is subject to amendment, change or replacement. Barrenjoey Group is under no obligation to provide the intended recipient of this material with any update to any information contained in this material.

This material has been prepared on the basis that you are a “wholesale client” (as defined in the Corporations Act 2001 (Cth)) or, in the case of a New Zealand prospective investor, a Wholesale Investor (under New Zealand law) and that you are in position to assess and determine, yourself, or through the use of appropriate professional independent advisors, any commercial or other merits and any risks involved. Neither Barrenjoey Group, nor any of its directors, officers, representatives or affiliates accepts any liability whatsoever for any loss, direct or indirect or otherwise, arising from the use of this material or associated discussions regarding it, its contents or the content of those discussions, for any reliance placed on this document or associated discussions or errors or omissions thereof.

Forward-looking statements, forecasts and financial projections included in this material are based on opinions and estimates considered reasonable at the date of making such statements, forecasts and projections, however no assurance can be attached to future outcomes arising from such statements, forecasts or projections. Future results are by their very nature subject to changing economic and other conditions or related results, which means actual outcomes can vary materially from forward-looking statements, forecasts and projections referred to herein.  All securities and other financial product transactions involve risks, which include amongst other things, the risk of unanticipated outcomes. Barrenjoey Group has not independently verified the information contained in this presentation, nor has it conducted due diligence investigations in relation to the information contained herein. Accordingly, no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness, correctness, reliability or adequacy of any statements, estimates, opinions or other information, or the reasonableness of any assumption or other statement (including any forecasts, prospective statements or returns) contained in the information. No representation or warranty, express or implied, is made that this presentation contains all material information about the investment opportunity you may require in evaluating a possible investment. Barrenjoey Group does not accept any responsibility or obligation to inform you of any matter arising, or coming to our notice, after the date of this presentation which may affect any matter referred to herein.

For the avoidance of any doubt, this material is not, and does not constitute, or form part of, any offer, solicitation, inducement or invitation to subscribe for, or purchase, any securities in any jurisdiction. In particular, this material does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. Any securities in connection with the possible investment opportunity described herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (U.S Securities Act) and may not be offered or sold, directly or indirectly, in the United States except in transactions exempt from, or not subject to, the registration requirements of the U.S. Securities Act and any other applicable U.S. state securities laws.

Barrenjoey Group and its related parties are involved in a range of commercial activities from which conflicting interests or duties may arise, which may include conflicts in relation to actual or potential investment opportunities, and you understand Barrenjoey Group may earn fees in connection with the various services.

Barrenjoey, 2026