Lynch Group (LGL) Scheme Meeting 2025 summary

Opening remarks and agenda

• Meeting convened to consider a scheme of arrangement between the company and its shareholders, as detailed in the Scheme Booklet.

• Only shareholders as of 19 November 2025 were entitled to vote and speak, with the meeting focused on a single Scheme Resolution regarding the proposed acquisition.

• Only one item of business: approval of the scheme resolution under Section 411 of the Corporations Act.

Board and executive committee updates

• The board consists of Patrick Elliott (Chair), Peter Arkell, Peter Clare, Elizabeth Hallett, and CEO Hugh Toll.

• All directors unanimously recommended voting in favor of the Scheme and confirmed no superior proposal had emerged.

• Directors authorized to agree to modifications or conditions to the scheme as required by the court or in writing with the counterparties.

• Directors disclosed their financial interests and voting intentions, with each director voting their shares in favor.

• Leadership team and directors acknowledged for their commitment during the process.

Shareholder proposals

• The sole resolution was to approve the Scheme of Arrangement for Hasfarm Bidco to acquire all shares at $2.155 per share, post-dividend.

• Scheme resolution proposes approval of a scheme of arrangement with terms outlined in the Scheme Booklet.