Breville Group Limited

Equities

BRG

AU000000BRG2

Appliances, Tools & Housewares

Market Closed - Australian S.E. Other stock markets 02:10:46 2024-04-30 am EDT			5-day change	1st Jan Change
25.85 ^AUD	-0.19%		+0.66%	-5.07%

Apr. 22	Evans & Partners Upgrades Breville Group to Positive From Neutral; Price Target is AU$26.81	MT
Feb. 14	Jarden Research Adjusts Breville Group’s Price Target to AU$23.60 From AU$23.80, Keeps at Neutral	MT

Breville : Change in substantial holding from CGF

March 14, 2022 at 01:44 am EDT

For personal use only

Sydney

Level 2, 5 Martin Place

Sydney NSW 2000 Australia

GPO Box 3698

Sydney NSW 2001

www.challenger.com.au

Telephone 02 9994 7000

Facsimile 02 9994 7777

14 March 2022

The Manager

Company Announcements Office

ASX Limited

20 Bridge Street

SYDNEY NSW 2000

By electronic lodgement

Dear Sir/Madam

Re: Notice of change of interests of substantial holder - Breville Group Ltd (BRG)

We attach a notice of change of interests of substantial holder in Breville Group Ltd. This notice is given by Challenger Limited and each of its associated entities named in Annexure 2 to this notice.

Yours faithfully

Linda Matthews

Company Secretary

Melbourne Level 19, 31 Queen Street PO Box 297, Flinders Lane, Melbourne VIC 3000 Telephone 02 9994 7000 Facsimile 02 9994 7777

Brisbane Level 6, 215 Adelaide Street, Brisbane QLD 4000 Telephone 07 3136 5400 Facsimile 07 3136 5407

Perth Level 26, 140 St Georges Terrace, Perth WA 6000 Telephone 08 6466 9613 Adelaide Level 7, Suite 714, 147 Pirie Street, Adelaide SA 5000 Telephone 08 8427 9511

Challenger Limited ABN 85 106 842 371 Challenger Group Services Pty Limited ABN 91 085 657 307

Challenger Life Company Limited ABN 44 072 486 938 AFSL 234670

Challenger Investment Partners Limited ABN 29 092 382 842 AFSL 234 678

Challenger Retirement and Investment Services Limited ABN 80 115 534 453 AFSL295642 RSE Licence No. L0001304

Challenger Mortgage Management Pty Ltd ABN 72 087 271 109 Challenger Securitisation Management Pty Ltd ABN 56 100 346 898 AFSL 244593 Challenger Investment Solutions Management Pty Ltd ABN 63 130 035 353 AFSL 487354

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

For personal use only

ToCompany Name/Scheme	Breville Group Ltd
ACN/ARSN	90086 933 431
1. Details of substantial holder(1)
Name	Challenger Limited (and its entities listed in Annexure 2)
ACN/ARSN (if applicable)	106 842 371

There was a change in the interests of the substantial holder on	10/03/2022
The previous notice was given to the company on	20/12/2021
The previous notice was dated	20/12/2021
2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Classof securities (4)		Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary Fully Paid	8,825,071	6.33%	10,236,388	7.35%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant Nature of change (6)	Consideration given in	Class and number of	Person's votes
	interest changed	relation to change (7)	securities affected	affected

Refer	Challenger Limited Refer	Refer	Refer	Refer
Annexure 1	(and its entities	Annexure 1	Annexure 1	Annexure 1	Annexure 1
	listed in Annexure
	2)

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant	Registered holder of	Person entitled to be	Nature of relevant interest (6) Class and number of Person's votes
interest	securities	registered as holder	securities
		(8)

Challenger Limited (and	National Nominees	National	Ordinary Fully Paid	905,557 (Ordinary	905,557
its entities listed in	Limited	Nominees	securities purchased	Fully Paid)
Annexure 2)
	Limited	on market by

			Challenger Limited
			(and its entities listed
			in Annexure 2) and
			obtains a relevant
			interest by virtue of
			section 608(3) of the
			Corporations Act 2001
			(Cth).
Challenger Limited (and	HSBC Custody	HSBC Custody	As above	4,166,966	4,166,966
its entities listed in	Nominees	Nominees		(Ordinary Fully
Annexure 2)
(Australia) Limited	(Australia)		Paid)

Limited

Challenger Limited (and Citicorp Nominees	Citicorp	As above	3,553,940	3,553,940
its entities listed in	Pty Limited	Nominees Pty		(Ordinary Fully
Annexure 2)
	Limited		Paid)

only

Challenger Limited (and its entities listed in Annexure 2)

5. Changes in association

J. P. Morgan	J. P. Morgan	As above	1,609,925	1,609,925
Nominees	Nominees		(Ordinary Fully
Australia Pty	Australia Pty		Paid)
Limited	Limited

For personal use

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A	N/A

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Challenger Limited (and its entities	Level 2, 5 Martin Place, Sydney NSW 2000
listed in Annexure 2)

Signature

print name

Linda Matthews

Capacity

Company Secretary

sign here

date

14/03/2022

DIRECTIONS

If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.
See the definition of "associate" in section 9 of the Corporations Act 2001.
See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
The voting shares of a company constitute one class unless divided into separate classes.
The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
Include details of:

any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

(9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Annexure 1 consists of 2 pages and is referred to in Form 604 signed by me and dated 14/03/2022

Linda Matthews

Company Secretary of Challenger Limited

only
Transactions:
Company
Name/Scheme:	Breville Group Ltd (BRG)
As at:		10/03/2022
Class of security:	Ordinary Fully Paid
	Date of Change	Holder of relevant interest
use			Challenger Limited (and its entities
	20/12/2021 listed in Annexure 2)
	20/12/2021 As above
	20/12/2021 As above
	20/12/2021 As above
	20/12/2021 As above
	20/12/2021 As above
	20/12/2021 As above
	20/12/2021 As above
	20/12/2021 As above
	20/12/2021 As above
	20/12/2021 As above
personal		20/12/2021 As above
	20/12/2021 As above
	20/12/2021 As above

		20/12/2021 As above
		20/12/2021 As above
		21/12/2021 As above
		21/12/2021 As above
		21/12/2021 As above
		21/12/2021 As above
		21/12/2021 As above
		21/12/2021 As above
		21/12/2021 As above
		21/12/2021 As above
		21/12/2021 As above
		21/12/2021 As above
		21/12/2021 As above
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		21/12/2021 As above
		21/12/2021 As above
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		21/12/2021 As above
		22/12/2021 As above
		22/12/2021 As above
		22/12/2021 As above
		22/12/2021 As above
For		22/12/2021 As above
	22/12/2021 As above

22/12/2021 As above 22/12/2021 As above 23/12/2021 As above 23/12/2021 As above 23/12/2021 As above 23/12/2021 As above 23/12/2021 As above 24/12/2021 As above 24/12/2021 As above 24/12/2021 As above 24/12/2021 As above 24/12/2021 As above 06/01/2022 As above 06/01/2022 As above 06/01/2022 As above 06/01/2022 As above 06/01/2022 As above 07/01/2022 As above 07/01/2022 As above 07/01/2022 As above 07/01/2022 As above

		Number of	Person's Votes
Nature of Change	Consideration	Securities	Affected
Buy	321,600	11,125	11,125
Buy	2,163,170	74,902	74,902
Buy	230,078	7,959	7,959
Buy	1,548,459	53,617	53,617
Buy	29,688	1,027	1,027
Buy	191,936	6,646	6,646
Buy	116,268	4,022	4,022
Buy	772,915	26,763	26,763
Buy	645,658	22,335	22,335
Buy	4,326,282	149,802	149,802
Buy	141,013	4,878	4,878
Buy	944,116	32,691	32,691
Buy	571,451	19,768	19,768
Buy	3,828,333	132,560	132,560
Buy	185,531	6,418	6,418
Buy	1,242,389	43,019	43,019
Buy	526,680	18,037	18,037
Buy	225,764	7,585	7,585
Buy	376,184	12,883	12,883
Buy	161,264	5,418	5,418
Buy	46,808	1,603	1,603
Buy	20,061	674	674
Buy	187,260	6,413	6,413
Buy	80,275	2,697	2,697
Buy	1,051,755	36,019	36,019
Buy	450,754	15,144	15,144
Buy	229,045	7,844	7,844
Buy	98,193	3,299	3,299
Buy	929,640	31,837	31,837
Buy	398,457	13,387	13,387
Buy	302,629	10,364	10,364
Buy	129,714	4,358	4,358
Buy	140,025	4,586	4,586
Buy	100,027	3,276	3,276
Buy	12,458	408	408
Buy	49,769	1,630	1,630
Buy	279,562	9,156	9,156
Buy	60,914	1,995	1,995
Buy	247,166	8,095	8,095
Buy	80,455	2,635	2,635
Buy	84,394	2,764	2,764
Buy	69,524	2,277	2,277
Buy	110,317	3,613	3,613
Buy	155,476	5,092	5,092
Buy	55,632	1,822	1,822
Buy	49,781	1,612	1,612
Buy	41,011	1,328	1,328
Buy	65,068	2,107	2,107
Buy	91,719	2,970	2,970
Buy	32,796	1,062	1,062
Buy	174,116	5,670	5,670
Buy	159,130	5,182	5,182
Buy	149,611	4,872	4,872
Buy	340,064	11,074	11,074
Buy	126,487	4,119	4,119
Buy	13,133	426	426
Buy	11,992	389	389
Buy	11,283	366	366
Buy	25,618	831	831

Page 1 of 2

For personal use only

				Number of	Person's Votes
Date of Change	Holder of relevant interest	Nature of Change	Consideration	Securities	Affected
07/01/2022 As above	Buy	9,526	309	309
10/01/2022 As above	Buy	508,266	16,610	16,610
10/01/2022 As above	Buy	406,093	13,271	13,271
10/01/2022 As above	Buy	799,058	26,113	26,113
10/01/2022 As above	Buy	75,980	2,483	2,483
10/01/2022 As above	Buy	945,754	30,907	30,907
10/01/2022 As above	Buy	324,850	10,616	10,616
15/02/2022 As above	Buy	68,014	2,400	2,400
15/02/2022 As above	Buy	274,890	9,700	9,700
16/02/2022 As above	Buy	842,258	29,177	29,177
16/02/2022 As above	Buy	381,798	13,226	13,226
16/02/2022 As above	Buy	272,304	9,433	9,433
16/02/2022 As above	Buy	131,952	4,571	4,571
16/02/2022 As above	Buy	137,552	4,765	4,765
16/02/2022 As above	Buy	758,024	26,259	26,259
16/02/2022 As above	Buy	165,640	5,738	5,738
16/02/2022 As above	Buy	586,755	20,326	20,326
16/02/2022 As above	Buy	670,960	23,243	23,243
16/02/2022 As above	Buy	280,734	9,725	9,725
16/02/2022 As above	Buy	701,848	24,313	24,313
16/02/2022 As above	Buy	92,635	3,209	3,209
16/02/2022 As above	Buy	249,846	8,655	8,655
16/02/2022 As above	Buy	218,987	7,586	7,586
18/02/2022 As above	Buy	35,382	1,229	1,229
18/02/2022 As above	Buy	24,960	867	867
18/02/2022 As above	Buy	3,455	120	120
18/02/2022 As above	Buy	12,495	434	434
18/02/2022 As above	Buy	70,073	2,434	2,434
18/02/2022 As above	Buy	15,258	530	530
18/02/2022 As above	Buy	62,415	2,168	2,168
18/02/2022 As above	Buy	20,124	699	699
22/02/2022 As above	Buy	46,727	1,625	1,625
22/02/2022 As above	Buy	32,982	1,147	1,147
22/02/2022 As above	Buy	4,601	160	160
22/02/2022 As above	Buy	16,477	573	573
22/02/2022 As above	Buy	92,535	3,218	3,218
22/02/2022 As above	Buy	20,157	701	701
22/02/2022 As above	Buy	82,470	2,868	2,868
22/02/2022 As above	Buy	26,570	924	924
23/02/2022 As above	Buy	24,627	856	856
23/02/2022 As above	Buy	17,406	605	605
23/02/2022 As above	Buy	2,417	84	84
23/02/2022 As above	Buy	8,688	302	302
23/02/2022 As above	Buy	48,822	1,697	1,697
23/02/2022 As above	Buy	10,616	369	369
23/02/2022 As above	Buy	43,471	1,511	1,511
23/02/2022 As above	Buy	14,011	487	487
01/03/2022 As above	Buy	86,850	3,200	3,200
01/03/2022 As above	Buy	716,509	26,400	26,400
07/03/2022 As above	Buy	169,184	6,738	6,738
07/03/2022 As above	Buy	153,415	6,110	6,110
07/03/2022 As above	Buy	108,797	4,333	4,333
07/03/2022 As above	Buy	13,609	542	542
07/03/2022 As above	Buy	54,938	2,188	2,188
07/03/2022 As above	Buy	304,069	12,110	12,110
07/03/2022 As above	Buy	66,363	2,643	2,643
07/03/2022 As above	Buy	106,085	4,225	4,225
07/03/2022 As above	Buy	269,268	10,724	10,724
07/03/2022 As above	Buy	56,043	2,232	2,232
07/03/2022 As above	Buy	140,886	5,611	5,611
07/03/2022 As above	Buy	18,505	737	737
07/03/2022 As above	Buy	50,042	1,993	1,993
07/03/2022 As above	Buy	87,580	3,488	3,488
10/03/2022 As above	Buy	613,563	22,797	22,797
10/03/2022 As above	Buy	278,374	10,343	10,343
10/03/2022 As above	Buy	197,981	7,356	7,356
10/03/2022 As above	Buy	552,791	20,539	20,539
10/03/2022 As above	Buy	121,545	4,516	4,516
10/03/2022 As above	Buy	488,116	18,136	18,136
10/03/2022 As above	Buy	201,910	7,502	7,502
10/03/2022 As above	Buy	511,639	19,010	19,010
10/03/2022 As above	Buy	66,640	2,476	2,476
10/03/2022 As above	Buy	182,317	6,774	6,774
10/03/2022 As above	Buy	158,794	5,900	5,900
			Total Number of Securities	1,411,317

Page 2 of 2

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Breville Group Limited published this content on 14 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2022 05:43:04 UTC.

Latest news about Breville Group Limited

Evans & Partners Upgrades Breville Group to Positive From Neutral; Price Target is AU$26.81	Apr. 22	MT
Jarden Research Adjusts Breville Group’s Price Target to AU$23.60 From AU$23.80, Keeps at Neutral	Feb. 13	MT
Breville's Net Profit Rises 6.7% in Fiscal H1; EPS, Revenue Miss Estimates	Feb. 12	MT
Breville Group Limited Provides Earnings Guidance for the Year 2024	Feb. 12	CI
Breville Group Limited Announces Interim Dividend, Payable in March	Feb. 12	CI
Transcript : Breville Group Limited, H1 2024 Earnings Call, Feb 13, 2024	Feb. 12
Breville Group Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Feb. 12	CI
Breville Group Limited Approves the Election of Tuula Rytilä as Director	Nov. 07	CI
Transcript : Breville Group Limited - Shareholder/Analyst Call	Nov. 07
Breville Group Fiscal 2024 Profit, Revenue Grow; Shares Jump 14%	23-08-21	MT
Transcript : Breville Group Limited, 2023 Earnings Call, Aug 21, 2023	23-08-20
Breville Group Limited Announces Ordinary Dividend for the Six Months Ended June 30, 2023, Payable on October 5, 2023	23-08-20	CI
Breville Group Limited Reports Earnings Results for the Full Year Ended June 30, 2023	23-08-20	CI
Breville Group Limited Introduces the Joule™ Turbo Sous Vide, the First Model in the Category to Make Sous Vide Faster	23-05-01	CI
Transcript : Breville Group Limited, H1 2023 Earnings Call, Feb 14, 2023	23-02-13
Breville Group Limited Provides Earnings Guidance for the Fiscal Year 2023	23-02-13	CI
Breville Group Limited Announces Ordinary Fully Paid Dividend for the Six Months Ended December 31, 2022, Payable on March 27, 2023	23-02-13	CI
Breville Group Limited Reports Earnings Results for the Half Year Ended December 31, 2022	23-02-13	CI
Breville Group Limited Appoints Tuula Rytilä as New Independent Non-Executive Director, Effective 1 April 2023	23-02-06	CI
Transcript : Breville Group Limited - Shareholder/Analyst Call	22-11-09
Breville Group Raises Final Dividend as FY22 Profit, Revenue Grow; Shares Up 3%	22-08-22	MT
Transcript : Breville Group Limited, 2022 Earnings Call, Aug 23, 2022	22-08-22
Breville Group Limited completed the acquisition of Gemme Italian Producers Srl from founders and current owners.	22-06-30	CI
Breville Group to Complete LELIT Acquisition	22-06-10	MT
Breville Group Limited Reconfirms Earnings Guidance for the Financial Year 2022	22-06-09	CI

Chart Breville Group Limited

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Company Profile

Breville Group Limited is an Australia-based company engaged in designing, developing and marketing small electrical kitchen appliances across the globe. The Company operates through two segments: Global Product segment and Distribution segment. The Global Product segment sells products designed and developed by the Company that may be sold directly or through third parties or by other group-owned brands. The Distribution segment sells products that are designed and developed by a third party and are distributed pursuant to a license or distribution agreement or are sourced directly from manufacturers. Products in this business unit may be sold under Breville and Kambrook brands or through third-party brands, such as Nespresso. Its products include espresso machines, Nespresso machines, drip coffee machines, coffee grinders, juicers, blenders, ovens and air fryers, pizza ovens, microwaves, bread makers, toasters, grills and sandwich makers, and waffle makers.

Sector

Appliances, Tools & Housewares

Calendar

2024-08-13 - Q4 2024 Earnings Release (Projected)

Related indices

S&P/ASX 200

More about the company

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Ratings for Breville Group Limited

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

25.9 AUD

Average target price

25.45 AUD

Spread / Average Target

-1.75%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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