Pacific Current : 2022 Notice of Annual General Meeting

PACIFIC CURRENT GROUP LIMITED

ABN 39 006 708 792

NOTICE OF 2022 ANNUAL GENERAL MEETING

Notice is hereby given that the 2022 Annual General Meeting (AGM or Meeting) of Pacific Current Group Limited ACN 006 708 792 (Pacific Current or Company) will be held on:

Date:Monday, 21 November 2022

Time: 10:00am AEDT

Venue: Madgwicks Lawyers Level 6, 140 William Street Melbourne VIC 3000

Webcast: An audio webcast of the AGM will be available at https://ccmediaframe.com/?id=JVNdu hYt

for Shareholders to listen to the proceedings and view the presentation.

NOTE: Shareholders who listen to the proceedings and view the presentation online will not be able to vote or ask questions online via the webcast during the meeting.

The Explanatory Memorandum provides additional information on matters to be considered at the AGM. The Explanatory Memorandum and the Proxy Form are part of this Notice of Meeting.

ITEMS OF BUSINESS

1. CONSIDERATION OF REPORTS

The first item of business is to receive and consider the Financial Report, the Directors' Report and the Independent Auditor's Report of the Company for the financial year ended 30 June 2022.

All shareholders can view the Company's Annual Report, which contains the Financial Report, the Directors' Report and the Independent Auditor's Report of the Company for the year ended 30 June 2022 on the Company's website at: https://paccurrent.com/shareholders/document-library/annual-report/.

Shareholders are not required to vote on this item.

2. REMUNERATION REPORT

RESOLUTION 1 - ADOPTION OF REMUNERATION REPORT

To consider and, if thought fit, pass the following Advisory Resolution:

"That the Remuneration Report for the year ended 30 June 2022 be adopted."

The Remuneration Report is contained in the 2022 Annual Report (available on the Company's website). Please note that, in accordance with section 250R(3) of the Corporations Act 2001 (Cth) (Act), the vote on this resolution is advisory only and does not bind the Directors or the Company.

3. RE-ELECTION OF DIRECTORS

RESOLUTION 2 - RE-ELECTION OF MELDA DONNELLY

To consider and, if thought fit, pass the following Ordinary Resolution:

"That Melda Donnelly, who retires in accordance with rule 7.1(g)(1) of the Constitution and being eligible for election, is re-elected as a Director of the Company."

IMPORTANT VOTING INFORMATION VOTING EXCLUSIONS

Voting exclusions for Resolution 1 - Remuneration Report

In accordance with sections 250R(4) and (5) of the Act, a vote on Resolution 1 must not be cast (in any capacity) by, or on behalf of, the following persons:

1. a member of Pacific Current's Key Management Personnel (KMP) whose remuneration details are included in the 2022 Remuneration Report; or
2. a closely related party of such a KMP.

However, a person described above may cast a vote on Resolution 1 as a proxy, if the vote is not cast on behalf of a person described above and either:

1. the proxy appointment is in writing and specifies the way the proxy is to vote on the resolution; or
2. the vote is cast by the Chair of the AGM and the appointment of the Chair as proxy:
3. 1. does not specify the way the proxy is to vote on the resolution; and
   2. expressly authorises the Chair to exercise the proxy even if the resolution is connected directly or indirectly with the remuneration of a member of the KMP.

Additionally, in accordance with section 250BD of the Act, a vote must not be cast on Resolution 1 as a proxy by a member of the KMP at the date of the AGM, or a closely related party of a KMP member, unless it is cast as proxy for a person entitled to vote in accordance with the person's directions. This restriction on voting undirected proxies does not apply to the Chair of the Meeting where the proxy appointment expressly authorises the Chair of the Meeting to exercise undirected proxies even if the resolution is connected, directly or indirectly, with the remuneration of a member of the KMP.

KMP has the meaning as set out in the Act and refers to Directors of Pacific Current and those persons having authority and responsibility for planning, directing and controlling the activities of Pacific Current, directly or indirectly. Closely related party of a member of the KMP has the meaning set out in the Act and includes close family members of the KMP member and companies the KMP member controls.

Voting exclusions for Resolution 4 - Approval of benefits to specific employees on their cessation of employment or on transfer of undertaking or property of the Company

In accordance with section 200E(2A) of the Act, a vote on Resolution 4 must not be cast (in any capacity) by, or on behalf of, Mr Ashley Killick, Mr David Griswold, Mr Trent Erickson or Mr Curtis Yasutake or an associate of his. Associate has the meaning set out in the Act and includes a person in concert with whom the employee is

NOTICE OF 2022 ANNUAL GENERAL MEETING

acting, or proposing to act, relation to voting on Resolution 4.

However, this does not prevent the casting of a vote on Resolution 4 if:

• it is cast by a person as a proxy appointed in writing that specifies how the proxy is to vote on the resolution; and
• it is not cast on behalf of a person described above.

Additionally, in accordance with section 250BD of the Act, a vote must not be cast on Resolution 4 as a proxy by a member of the KMP at the date of the AGM, or a closely related party of a KMP member, unless it is cast as proxy for a person entitled to vote in accordance with the person's directions. This restriction on voting undirected proxies does not apply to the Chair of the Meeting where the proxy appointment expressly authorises the Chair of the Meeting to exercise undirected proxies even if the resolution is connected, directly or indirectly, with the remuneration of a member of the KMP.

A vote cast in contravention of the above restrictions will not be counted.

ENTITLEMENT TO ATTEND AND VOTE

In accordance with regulation 7.11.37 of the Corporations Regulations 2001 (Cth), the Board has determined that persons who are registered holders of Pacific Current shares as at 7:00pm AEDT on Saturday, 19 November 2022 will be entitled to attend and vote at the AGM as a shareholder.

If more than one joint holder of shares is present at the AGM (whether personally, by proxy, by attorney, or by representative) and tenders a vote, only the vote of the joint holder whose name appears first on the register will be counted.

Appointment of Proxy

If you are a shareholder entitled to attend and vote, you may appoint an individual or a body corporate as a proxy. If a body corporate is appointed as a proxy, that body corporate must ensure that it appoints a corporate representative in accordance with section 250D of the Act to exercise its powers as proxy at the AGM.

A proxy need not be a shareholder of Pacific Current.

A shareholder may appoint up to two proxies and specify the proportion or number of votes each proxy may exercise. If the shareholder does not specify the proportion or number of votes to be exercised, each proxy may exercise half of the shareholder's votes.

To be effective, the proxy must be received at Pacific Current's Share Registry no later than 10:00am AEDT on Saturday, 19 November 2022 (48 hours before AGM). Proxies must be received before that time by one of the following methods: