Australian Foundation Investment Company updates on share buy-back activity

Australian Foundation Investment Company Limited (AFI) has issued an update regarding its on-market buy-back program, with a daily notification dated October 23, 2025. This update is part of the company's capital management strategy, refreshing its buy-back facility. The buy-back commenced on February 24, 2025, and is scheduled to conclude on February 23, 2026. Morgans Financial Limited is the designated broker facilitating the share repurchases.

As of the previous day, October 22, 2025, AFI bought back 274,530 securities, adding to the 14,456,796 securities bought back before that date. The total consideration paid for the previous day's buy-back was AUD 2,011,618.58, with a highest price paid of AUD 7.35 and a lowest price paid of AUD 7.30.

With a maximum of 124,654,944 securities proposed to be bought back, the remaining number of securities to be repurchased as of the end of the previous day stands at 114,754,726. The highest price allowed to be paid on the previous day under listing rule 7.33 was AUD 7.7412.