Bendigo and Adelaide Bank: director's incentive plan shares updated

Bendigo and Adelaide Bank Limited announced a change in director Richard Allan Fennell's interests, effective September 29, 2025. Fennell acquired 9,168 STI rights directly under the Short-term Incentive Plan.

Prior to this, his direct holdings included 67,276 ordinary shares, 298,226 Loan Funded Share Plan (Vested), 217,055 performance rights, and 0 STI rights. Post-change, his direct holdings updated to 67,276 ordinary shares, 298,226 Loan Funded Share Plan (Vested), 217,055 performance rights, and 9,168 STI rights. His indirect holding of 80,000 ordinary shares through EMJAEL Pty Ltd atf Fennell Family Trust remained unchanged.

Additionally, the bank issued 1,323,475 performance rights on September 29, 2025, under an employee incentive scheme, with 9,168 of these issued to Richard Fennell. Concurrently, 41,664 performance rights ceased on September 30, 2025, due to conditions not being satisfied.

Following these changes, total unquoted performance rights on issue increased to 3,571,912 after the issuance, then adjusted to 2,206,773 after the cessation. Quoted securities remained at 567,981,691 ordinary fully paid shares, 3,000,000 CAP NOTE 3-BBSW+3.20% PERP NON-CUM RED T-12-30, and 5,024,446 CAP NOTE 3-BBSW+3.80% PERP NON-CUM RED T-06-27.