Announcement PDF Notice of Annual General Meeting Page - 1 Chairman’s Letter 22 September 2026 Dear Shareholder I am pleased to invite you to the FOS Capital Limited (FOS) 2026 Annual General Meeting (Meeting or AGM), which will be held at the offices of Stannards, 60 Toorak Road, South Yarra, VIC 3141, at 11.00 am (AEDT) on Wednesday, 28 October 2026. Registration for the AGM will commence from 10.45 am (AEDT). This notice contains details on the items of business to be considered at the Meeting, as well as explanatory notes on the resolutions being put forward for you to consider and vote upon. It also includes information on the voting procedures for this Meeting. The business of the meeting includes a proposal to re-elect non-executive Director Mr Alexander Beard. At the meeting you will also have the opportunity to vote on the adoption of the Remuneration Report, appointment of auditor, ratification of issue of placement shares, approval to issue shares as part of placement of shares to related parties (directors), and to approve additional placement capacity as well as to ask questions to the FOS Capital board and the auditor. If you are unable to attend the Meeting, you may either lodge a direct vote or appoint a proxy to vote on your behalf at the Meeting, by completing and lodging the enclosed Proxy Form in accordance with the instructions on the form. Proxy Forms must be received by 11.00 am (AEDT) on 26 October 2026, being no later than 48 hours before the commencement of the Meeting. The FOS Capital 2026 Annual Report can be accessed online at www.foscapital.com.au I and my fellow Directors look forward to meeting you on 28 October 2026. Yours sincerely Alexander Beard Chairman Page - 2 NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Annual General Meeting of the Shareholders of FOS Capital Limited (ACN 637 156 275) (“Company”) will be held at 11.00am (AEDT) on Wednesday, 28 October 2026. Items of Business 1. Annual Financial Report and Director’s and Auditor’s Reports To receive and consider the Annual Financial Report of the Company for the financial year ended 30 June 2026 together with a declaration of the directors, and accompanying reports of the directors and the auditors. (i) Note: there is no requirement for Shareholders to approve these reports and financial statements. 2. Resolution 1 - Non-Binding Resolution to adopt Remuneration Report To consider and, if thought to pass, with or without amendment, the following resolution as an ordinary resolution: “That, for the purposes of section 250R (2) of the Corporations Act and for all other purposes, approval is given for the adoption of the Remuneration Report as contained in the Company’s Annual Financial Report for the financial year ended 30 June 2026.” Note: the vote on this Resolution is advisory only and does not bind the Directors or the Company. Voting note: A voting exclusion applies to this resolution. 3. Resolution 2 – Re- election of Mr Alexander Beard as adirector To consider, and if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That for the purposes of ASX Listing Rule 14.5 and for all other purposes Mr Alexander Beard a director of the Company who retires by rotation and being eligible, is re-elected as a director” 4. Resolution 3 – Appointment of Auditor To consider, and if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That, subject to receiving the consent from the Australian Securities and Investments Commission to the current auditor resigning, Connect National Audit Pty Ltd (“Connect National Audit”), having consented in writing and been duly nominated in accordance with Section 328B(1) of the Corporations Act 2001, be appointed as auditor of the Company.” 5. Resolution 4 – Ratification of issue of Placement Shares to sophisticated investors To consider, and if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That pursuant to and in accordance with ASX Listing Rule 7.4 and for all other purposes, Shareholders ratify and approve the prior issue of 12,916,667 fully paid ordinary shares in the Company, at an issue price of $0.12 per share to be issued on 17 September 2026 by the Company to sophisticated investors pursuant to a placement on the terms and conditions set out in the Explanatory Statement accompanying this Notice of Meeting the Explanatory Statement.” Voting note: A voting exclusion applies to this resolution. Page - 3 Issue of Shares to Related Parties - Related Party Participation in Placement 6. Resolution 5 – Issue of Shares to Related party – Mr Alexander Beard, Director of the Company To consider, and if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That, for the purposes of Listing Rule 10.11, section 195(4) of the Corporations Act and for all other purposes, approval is given for the Company to issue 416,667 Shares at an issue price of $0.12 per share to Mr Alexander Beard (or his nominee) on the terms and conditions set out in the Explanatory Statement." Voting note: A voting exclusion applies to this resolution. 7. Resolution 6 – Issue of Shares to Related party – Mr Constantin Scrinis, Director of the Company To consider, and if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That, for the purposes of Listing Rule 10.11, section 195(4) of the Corporations Act and for all other purposes, approval is given for the Company to issue 1,072,917 Shares at an issue price of $0.12 per share to Mr Constantin Scrinis (or his nominee) on the terms and conditions set out in the Explanatory Statement." Voting note: A voting exclusion applies to this resolution. 8. Resolution 7 – Issue of Shares to Related party – Mr Michael Koutsakis, Director of the Company To consider, and if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That, for the purposes of Listing Rule 10.11, section 195(4) of the Corporations Act and for all other purposes, approval is given for the Company to issue 572,917 Shares at an issue price of $0.12 per share to Mr Michael Koutsakis (or his nominee) on the terms and conditions set out in the Explanatory Statement." Voting note: A voting exclusion applies to this resolution. 9. Resolution 8 – Issue of Shares to Related party – Mr Michael Monsonego, Director of the Company To consider, and if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That, for the purposes of Listing Rule 10.11, section 195(4) of the Corporations Act and for all other purposes, approval is given for the Company to issue 520,833 Shares at an issue price of $0.12 per share to Mr Michael Monsonego (or his nominee) on the terms and conditions set out in the Explanatory Statement." Voting note: A voting exclusion applies to this resolution. 10. Resolution 9 – Approval for Additional Placement Capacity To consider and, if thought fit, pass the following resolution, with or without amendment, as a special resolution: “That, for the purposes of Listing Rule 7.1A and for all other purposes, approval is given for the issue and allotment of Equity Securities totalling up to 10% of the number of Ordinary Shares on issue (at the time of the issue) calculated in accordance with the formula prescribed in Listing Rule 7.1A.2; and otherwise on the terms and conditions set out in the Explanatory Statement.” Voting note: A voting exclusion applies to this resolution. Page - 4 Right to vote You will be eligible to attend and vote at the Meeting if you are registered as a holder of shares in the Company at 7:00pm (AEDT) on 24 October 2026. A member can vote on the resolutions by: a. Attending the Meeting in person, by attorney or in the case of corporate Shareholders, by a corporate representative. b. Lodging the Proxy Form electronically or by post to appoint a proxy to attend and vote at the meeting on your behalf. Voting at the Meeting in person Members can participate in the Annual General Meeting, ask questions during the Meeting and vote during the meeting in person or by proxy. Proxy Form Enclosed with this Notice of Meeting is a personalised Proxy Form. The Proxy Form allows members who are not attending the meeting to appoint a proxy to vote on their behalf. Your completed Proxy Form must be received by no later than 11.00 am (AEDT) on 26 October 2026 for it to be effective. For the appointment of a proxy to be valid, or a direct vote to be effective, the following documents must be received either at the Company’s registered office or at the Company’s share registry, Boardroom Pty Limited, at least 48 hours prior to the Meeting or any adjournment of the Meeting: (a) the Proxy Form; and (b) if the Proxy Form is signed by the appointor’s attorney, the authority under which the appointment was signed or a certified copy of the authority. The documents must be received by the Company at the address set out below by no later than 11.00 am (AEDT) on 26 October 2026. Forms received after that time will not be valid for the scheduled Meeting. Online: https://www.votingonline.com.au/fosagm2026 By facsimile: +61 2 9290 9655 By mail: Boardroom Pty Limited, GPO Box 3993, SYDNEY NSW 2001 By delivery: Boardroom Pty Limited, Level 8, 210 George Street, Sydney NSW 2000. Further directions for the proper completion of Proxy Form are printed on the Proxy Form. Appointing a proxy A member entitled to attend and cast a vote at the Meeting is entitled to appoint a proxy to attend and vote for the member. The person appointed as a proxy may but does not need to be a member of the Company. A proxy does not need to be a shareholder of the Company. A proxy may be an individual or company. If you are a shareholder entitled to cast two or more votes you may appoint up to two proxies. If you appoint two proxies, you should complete two separate Proxy Forms and specify the percentage or number of votes each proxy is appointed to exercise. If you complete and submit a Proxy Form and do not nominate a person to act as your proxy, the Chairman will be appointed as your proxy. The Chairman intends to vote undirected proxies on, and in favour of, all the proposed resolutions. Page - 5 If you appoint a proxy, you may still participate in the meeting. However, your proxy’s right to speak and vote will be suspended while you are participating If you appoint the Chairman as your proxy and do not direct him how to vote, you are authorising the Chairman to cast your undirected vote on all proposed resolutions. Voting by Attorney A shareholder entitled to attend and vote at the Annual General Meeting may appoint an attorney to vote at the Annual General Meeting. An original or certified copy of the power of attorney must be received at an address given above at least 48 hours before the commencement of the Annual General Meeting. Corporate Representatives To vote at the Annual General Meeting, a corporation which is a shareholder, or which has been appointed as a proxy by a shareholder, may appoint a person to act as its representative. The appointment of a representative must comply with section 250D of the Corporations Act. Evidence of the appointment must be brought to the Annual General Meeting together with any authority under which it is signed. A pro forma ‘Certificate of Appointment of Corporate Representative’ may be obtained from the Company’s Share Registry, Boardroom Pty Ltd. Additional information The Explanatory Notes set out on pages 7 to 14 provide information on each of the items of business. The Voting Exclusions set out on pages 15 to 16 provide information on the voting exclusions that apply to items 2, 4 to 9. FOS Capital Ltd confirms that this document complies with the notice of meeting content requirements set out in the Listing Rules. ASX has provided no objection to this document under Listing Rule 15.1.4 on the basis of this confirmation. By order of the Board: Con Scrinis Managing Director Dated: 22 September 2026 Page - 6 FOS CAPITAL LIMITED ACN 637 156 275 EXPLANATORY STATEMENT 1 Important Notice The purpose of this Explanatory Statement is to provide Shareholders with an explanation of the business of the meeting and the resolutions proposed to be considered at the Annual General Meeting to be held on Wednesday 28 October 2026 at 11:00 am (AEDT) and to assist Members in determining how they wish to vote on the resolutions. 2 Resolution 1 - Non-Binding Resolution to adopt Remuneration Report The Remuneration Report of the Company for the financial year ended 30 June 2026 is included in the Directors’ Report in the Annual Report. The Remuneration Report sets out the Company’s remuneration arrangements for the Directors and senior management of the Company. Section 249L(2) of the Corporations Act requires a company to inform Shareholders that a resolution on the Remuneration Report will be put at the Annual General Meeting (AGM). Section 250R of the Corporations Act requires a resolution that the Remuneration Report be adopted be put to the vote. Resolution 1 seeks this approval. In accordance with Section 250R(3) of the Corporation Act, Shareholders should note that Resolution 1 is “advisory only” and does not bind the Company. However, the Directors recognise the outcome of this Resolution as an indication of Shareholder sentiment in relation to the FY2026 Remuneration Report. Shareholders have the ability to “spill” the Company’s board if there are “two strikes” against the adoption of the Remuneration Report at two successive AGMs. Under Section 250SA of the Corporation Act, the Chairman will provide a reasonable opportunity for discussion of the Remuneration Report at the AGM. Under the Corporations Act 2001, if 25% or more of votes that are cast at the Meeting are voted against the adoption of the Remuneration Report at two consecutive AGM’s, Shareholders will be required to vote at the second of those AGMs on an additional resolution (a “Spill Resolution”) that a future meeting be held within 90 days of the Spill Resolution. At that further meeting, all of the Company’s Directors (other than any Managing Director) must go up for re-election. There will be no requirement at this AGM for a Spill Resolution. Noting that each Director has a personal interest in their own remuneration as set out in the Remuneration Report, the Board recommends that Shareholders vote in favour of this Resolution. The Chairman of the Meeting intends to vote all available proxies in favour on this Resolution. 3 Resolution 2 – Re- election of Mr Alesander Beard as adirector Mr Alexander Beard retires by rotation at this meeting and offers himself for re-election to the Board. Details in relation to Mr Alexander Beard are set out in the Directors’ Report section of the Annual Report. Mr Beard is not an independent director. The Board (Mr Alexander Beard abstaining) unanimously recommend that Shareholders vote in favour of Resolution 2. The Chairman of the Meeting intends to vote all available proxies in favour on this Resolution. Page - 7 4 Resolution 3 – Appointment of Auditor William Buck Audit (Vic) Pty Ltd (William Buck) was the Company's former auditor and resigned on 19 November 2025 after receiving consent from the Australian Securities and Investments Commission (ASIC). The Board was satisfied with the services provided by William Buck and thanked them for their services rendered to the Company. On 19 November 2025, the Company nominated Connect National Audit Pty Ltd (“Connect National Audit”) as the Company's new auditor. In accordance with section 328B of the Corporations Act 2001, Connect National Audit has provided its consent in writing to act as auditor of the Company. On 1 July 2026, Connect National Audit completed a strategic alliance with Stannards Audit. The alliance led to a change in Connect National Audit's company structure, and a new ASIC-authorised audit company was formed. On 4 August 2026, ASIC consented to the resignation of Connect National Audit as the Company’s auditor, and, in accordance with section 327(c) of the Corporations Act 2001, appointed Stannards Audit Pty Ltd (Stannards) to fill the vacancy on 4 August 2026. The change of auditor will take effect upon passing this resolution at this shareholders’ meeting. The Company nominates Stannards as the new auditor of the Company. In accordance with section 328B of the Corporations Act 2001, a copy of this notice of nomination of Stannards is attached to this Notice of Meeting. Stannards has provided their consent in writing to act as auditor of the Company. Stannards confirms that it does not currently provide any other services to the Company, and the Company confirms that it is unaware of any matter or circumstances that would give rise to a conflict-of-interest situation, as defined in section 324CD of the Corporations Act, in relation to the Company. The Board has also noted that Stannards is registered as an auditor under section 1280 of the Corporations Act and is a well-established firm with the necessary expertise and skill necessary to meet the Company’s requirements. Accordingly, subject to the Company receiving shareholder approval at this shareholders’ meeting, Stannards has been nominated and selected as the Company's new auditor. The Directors unanimously recommend that shareholders vote in favour of this resolution to appoint Stannards as the Company’s new auditor. 5 Resolution 4 – Ratification of issue of Placement Shares to sophisticated investors On 9 September 2026 the Company announced a placement of 12,916,667 fully paid Ordinary Shares to institutional and sophisticated investors, at an issue price of $0.12 per share (which represent a 20% discount to the last closing price of $0.15 per share on Friday, 4 September 2026 and a 11% discount to the 10-day volume weighted average price (“VWAP”) of $0.1347 up to and including 4 September 2026) to raise $1.55 million to fund the ongoing build-out and growth initiatives within Aldridge Traffic Systems (“ATS”), to complete the Company's cost reduction and operational efficiency program, funds for working capital and costs of the Placement. On 17 September 2026, the Company issued 10,310,172 fully paid Ordinary Shares under the Company's 15% placement capacity pursuant to Listing Rule 7.1 and 2,606,495 fully paid Ordinary Shares under the Company's 10% placement capacity pursuant to Listing Rule 7.1a. Listing Rule 7.1 imposes a limit on the number of Ordinary Shares that the Company can issue without Shareholder approval. Generally, a company may not, without shareholder approval, issue, during any 12 months period, more than 15% of the number of Ordinary Shares on issue 12 months before the issue date. Subject to obtaining shareholder approval at the previous annual general meeting, Listing Rule 7.1A permits eligible entities to issue a further 10% of the number of Ordinary Shares on issue 12 months before the issue date. If Resolutions 4 is passed, the issue will be excluded in calculating the Company’s combined25%limitinListing Rules 7.1 and 7.1A, effectively increasing the number of equity securities the Company can issue without Shareholder approval over the 12 months period following the date of the issue. Page - 8 If Resolutions 4 is not passed, the issue will be included in calculating the Company’s combined 25% limit in Listing Rules 7.1 and 7.1A, effectively decreasing the number of equity securities the Company can issue without Shareholder approval over the 12 months period following the date of the issue. Listing Rule 7.4 allows the shareholders of a listed company to approve an issue of equity securities after it has been made or agreed to be made. If they do, the issue is taken to have been approved under Listing Rule 7.1 and so does not reduce the company’s capacity to issue further equity securities without shareholder approval under that rule. By ratifying the issue of 12,916,667 Ordinary Shares, the Company will retain the flexibility to issue equity securities in the future up to 15% placement capacity set out in ASX Listing Rule 7.1 without the requirement to obtain prior Shareholder approval. In accordance with Listing Rule 7.5 the following information is provided to Shareholders in relation to Resolution 4: The number of securities issued: 12,916,667 Ordinary Shares Date of issue: 17 September 2026 The issue price of Ordinary Share: $0.12 per Ordinary Share The names of the allottees: Various sophisticated investors The terms of the securities: Fully paid ordinary shares The intended use of the funds raised: The funds raised under the Placement are to be used to fund the ongoing build-out and growth initiatives within Aldridge Traffic Systems (“ATS”), to complete the Company's cost reduction and operational efficiency program, funds for working capital and costs of the Placement. The Directors unanimously recommend that Shareholders vote in favour of Resolutions 4. Related Parties (Directors) Participation in Placement of Shares 6 Resolutions 5, 6, 7, and 8 – Issue of Shares to Related Parties On 9 September 2026, the Company announced that it had received binding commitments to raise up to approximately $1.55 million pursuant to a placement of Shares to sophisticated investors (Placement). As announced on 9 September 2026, the Directors wish to participate in the Placement on the same terms as unrelated participations and gave their commitment to subscribing for 2,583,333 New Shares, raising approximately 310,000, subject to the Company obtaining Shareholder approval for the related party participation (which is being sought pursuant to Resolutions 5, 6, 7, and 8). Accordingly, Resolutions 5, 6, 7, and 8 seeks Shareholder approval for the issue of an aggregate of 2,583,333 Shares to directors of the Company as follows and their participation in the placement is on the terms set out below. Director's commitment to subscribe for shares in the placement announced on 9 September 2026 Name of Director Number of shares Amount Mr Alexander Beard 416,667 50,000 Mr Constantin Scrinis 1,072,916 128,750 Mr Michael Koutsakis 572,917 68,750 Mr Michael Monsonego 520,833 62,500 2,583,333 310,000 Page - 9 Chapter 2E of the Corporations Act For a public company, or an entity that the public company controls, to give a financial benefit to a related party of the public company, the public company or entity must: (a) obtain the approval of the public company's members in the manner set out in sections 217 to 227 of the Corporations Act; and (b) give the benefit within 15 months following such approval, unless the giving of the financial benefit falls within an exception set out in sections 210 to 216 of the Corporations Act. The Participation will result in the issue of Shares which constitutes giving a financial benefit and Mr Alexander Beard, Mr Constantin Scrinis, Mr Michael Koutsakis, and Mr Michael Monsonego (or their nominees) are related parties of the Company by virtue of being Directors. The Directors consider that Shareholder approval pursuant to Chapter 2E of the Corporations Act is not required in respect of the Participation because the Shares will be issued to the Directors (or their nominees) on the same terms as Shares issued to non-related party participants in the Capital Raising and as such the giving of the financial benefit is on arm's length terms. Section 195(4) of the Corporations Act Section 195 of the Corporations Act provides that a Director of a public company may not vote or be present during meetings of Directors when matters in which that Director holds a "material personal interest" are being considered, except in certain limited circumstances. Section 195(4) relevantly provides that if there are not enough Directors to form a quorum for a Directors meeting because of this restriction, one or more of the Directors may call a general meeting and the general meeting may pass a resolution to deal with the matter. It might be argued (but it is neither conceded nor, indeed, is it thought by the Board to be the case) that each of the Directors comprising the Board have a material personal interest in the outcome of Resolutions 5, 6, 7, and 8 as Shares are proposed to be issued to each of the Directors under the Participation. If each Director does have such an interest, then in accordance with section 195(4) a quorum could not be formed to consider the matters contemplated by Resolutions 5, 6, 7, and 8 at Board level. Accordingly, for the avoidance of any doubt, and for the purpose of transparency and best practice corporate governance, the Company also seeks Shareholder approval for the purposes of section 195(4) of the Corporations Act that the 'arm's length terms' exception in section 210 of the Corporations Act applies to Resolutions 5, 6, 7, and 8. Listing Rule 10.11 Listing Rule 10.11 provides that unless one of the exceptions in Listing Rule 10.12 applies, a listed company must not issue or agree to issue equity securities to: 10.11.1 a related party; 10.11.2 a person who is, or was at any time in the 6 months before the issue or agreement, a substantial (30%+) holder in the company; 10.11.3 a person who is, or was at any time in the 6 months before the issue or agreement, a substantial (10%+) holder in the company and who has nominated a director to the board of the company pursuant to a relevant agreement which gives them a right or expectation to do so; 10.11.4 an associate of a person referred to in Listing Rules 10.11.1 to 10.11.3; or 10.11.5 a person whose relationship with the company or a person referred to in Listing Rules 10.11.1 to 10.11.4 is such that, in ASX's opinion, the issue or agreement should be approved by its shareholders, unless it obtains the approval of its shareholders. Page - 10 The Participation falls within Listing Rule 10.11.1 and does not fall within any of the exceptions in Listing Rule 10.12. It therefore requires the approval of Shareholders under Listing Rule 10.11. Resolutions 5, 6, 7, and8 seeks Shareholder approval for the Participation under and for the purposes of Listing Rule 10.11. Technical information required by Listing Rule 14.1A If Resolutions 5, 6, 7, and 8 are passed, the Company will be able to proceed with the issue of the Shares under the Participation within one month after the date of the Meeting (or such later date as permitted by any ASX waiver or modification of the Listing Rules) and will raise additional funds which will be used for additional working capital purposes. As approval pursuant to Listing Rule 7.1 is not required for the issue of the Shares in respect of the Participation (because approval is being obtained under Listing Rule 10.11), the issue of the Shares will not use up any of the Company's 15% annual placement capacity. If Resolutions 5, 6, 7, and 8 are not passed, the Company will not be able to proceed with the issue of the Shares under the Participation, and no further funds will be raised in respect of the Capital Raising. Technical Information required by Listing Rule 10.13 Pursuant to and in accordance with Listing Rule 10.13, the following information is provided in relation to Resolutions 5, 6, 7, and 8: (a) the Shares will be issued to Mr Alexander Beard, Mr Constatin Scrinis, Mr Michael Koutsakis, and Mr Michael Monsonego (or their nominees), who fall within the category set out in Listing Rule 10.11.1, as Mr Alexander Beard, Mr Constantin Scrinis, Mr Michael Koutsakis, and Mr Michael Monsonego are related parties of the Company by virtue of being Directors; (b) the maximum number of Shares to be issued is 2,583,333 Shares comprising: (i) 416,667 Shares to Mr Alexander Beard (or his nominee) being the subject of Resolution 5; (ii) 1,072,916 Shares to Mr Constantin Scrinis (or his nominee) being the subject of Resolution 6; (iii) 572,917 Shares to Mr Michael Koutsakis (or his nominee) being the subject of Resolution 7; and (iv) 520,833 Shares to Mr Michael Monsonego (or his nominee) being the subject of Resolution 8. (c) the Shares issued will be fully paid ordinary shares in the capital of the Company issued on the same terms and conditions as the Company's existing Shares; (d) the Shares will be issued no later than 1 month after the date of the Meeting (or such later date to the extent permitted by any ASX waiver or modification of the Listing Rules) and it is anticipated the Shares will be issued on the same date; (e) the issue price will be $0.12 per Share, being the same issue price as Shares issued to other participants in the Capital Raising. The Company will not receive any other consideration for the issue of the Shares; (f) the purpose of the issue of Shares under the Participation is to raise capital, which the Company intends to use for working capital purposes; (g) the Shares to be issued under the Participation are not intended to remunerate or incentivise the Director; (h) the Shares are not being issued under an agreement; and (i) voting exclusion statements are included in Resolutions 5, 6, 7, and 8 of the Notice. Page - 11 7 Resolution 9 – Approval for Additional Placement Capacity 7.1 General Broadly speaking, and subject to a number of exceptions, Listing Rule 7.1 limits the amount of equity securities that a listed company can issue without the approval of its shareholders over any 12-month period to 15% of the fully paid ordinary securities it had on issue at the start of that period. Under Listing Rule 7.1A, however, an eligible entity can seek approval from its members, by way of a special resolution passed at its annual general meeting, to increase this 15% limit by an extra 10% to 25% (10% Placement Capacity). An ‘eligible entity’ means an entity which is not included in the S&P/ASX 300 Index, an