Announcement PDF ASX Announcement 24 May 2024 Notification of Change of Shareholding In accordance with Listing Rule 3.19, Ricegrowers Limited (SunRice) gives notice that on 23 May 2024, Menegazzo Enterprises Pty Ltd lodged a substantial holding notice on behalf of it and its associates in respect of 7.25% of the total number of B Class Shares on issue. The Constitution of SunRice contains provisions that set maximum shareholdings. The Constitution prescribes that a person must not hold* a number of B Class Shares, when aggregated with any B Class Shares held by all associates of that person, that exceeds 10% of the total number of B Class Shares on issue (B Class Shareholding Limit). If a person holds B Class shares in excess of the B Class Shareholding Limit (Excess Shares), all rights of that person (including right to vote at meetings of B Class Shareholders and right to receive dividends) in respect of those Excess Shares are suspending while the breach of the B Class Shareholding Limit continues. The Directors may also, by written notice, require disposal of Excess Shares. The Constitution contains mechanisms that apply if the person refuses to dispose of Excess Shares. *Under SunRice’s Constitution a person will be deemed to hold a Share if that person has a relevant interest in that Share. Authorised by Kate Cooper, General Counsel and Company Secretary, SunRice Group Investor inquiries: Media inquiries: Richard Rose Anthony McFarlane Head of Corporate Development (03) 8567 1132 / rrose@sunrice.com.au Head of Corporate Affairs (02) 9268 2633 / amcfarlane@sunrice.com.au About SunRice’s structure The structure of SunRice contains non-standard elements including its dual class share structure comprising A Class Shares and B Class Shares. A Class Shares confer on their holders the right to vote at general meetings but no right to dividends. A Class Shares are not quoted on ASX and may only be held by rice growers who meet the production quotas prescribed by the SunRice constitution. No person may hold more than 5 A Class Shares. In practical terms the voting rights held by A Class Shareholders give those shareholders the right to control the election of directors and any changes to SunRice’s constitution. B Class Shares are quoted on ASX and confer on their holders the right to receive dividends, as determined by the directors from time to time. Holders of B Class Shares do not generally have the right to vote at general meetings of SunRice. This means B Class Shareholders have no right to vote on the election of directors of SunRice. No person may hold more than 10% of the total number of B Class Shares on issue. For more details of the non-standard elements of SunRice’s structure see: https://corporate.sunrice.com.au/investors/ Ricegrowers Limited ABN 55 007 481 156 Registered Office 57 Yanco Avenue, Leeton, NSW 2705 Australia Locked Bag 2, Leeton, NSW 2705 Australia T +61 2 6953 0411 www.sunrice.com.au 604 page 1/2 15 July 2001 Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder RICEGROWERS LIMITED To Company Name/Scheme 007 481 156 ACN/ ARSN 1. Details of substantial holder(1) MENEGAZZO ENTERPRISES PTY LTD Name ACN/ARSN (if applicable) 005 367 822 There was a change in the interests of the substantial holder on The previous notice was given to the company on The previous notice was dated 23. / 05./ 24 15/ 10. / 21 15./ 10./ 21 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: Class of securities (4) B CLASS SHARES Previous notice Person's votes Present notice Person's votes Voting power (5) Voting power (5) 7.25% 4,691,931 6.16% 3,802,291 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 17/05/24 Person whose relevant interest changed MENEGAZZO ENTERPRISES P/L ATF MENEGAZZO SUPER FUND Nature of change (6) Share purchase Consideration given in relation to change (7) $219,980 Class and number of securities affected Person's votes affected B CLASS 32,350 Menegazzo Ent. P/L, Menegazzo Ent. P/L ATF Menegazzo Super Fund Class and number of securities Person's votes 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 interest Registered holder of securities MENEGAZZO ENTERPRISES P/L ATF MENEGAZZO ENTERPRISES P/L MENEGAZZO SUPERANNUATION FUND MENEGAZZO LOLLYPOP CREEK P/L ENTERPRISES P/L MENEGAZZO LAN SUPERANNUATION FUND ENTERPRISES P/L Person entitled to be registered as holder (8) Nature of relevant interest (6) DIRECT ASSOCIATE ASSOCIATE B CLASS 1,175,311 B CLASS 2,912,746 B CLASS 161,434 1,175,311 2,912,746 161,434 604 page 2/2 15 July 2001 5. Changes in association 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 6. Addresses The addresses of persons named in this form are as follows: Name Address MENEGAZZO ENTERPRISES PTY LTD AND ASSOCIATES P.O BOX 72 WERRIBEE 3030 Signature print name LAUREN MENEGAZZO sign here capacity date DIRECTOR 23 / 05 / 24 DIRECTIONS (1) 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. (2) See the definition of "associate" in section 9 of the Corporations Act 2001. (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. (4) The voting shares of a company constitute one class unless divided into separate classes. (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. (6) Include details of: (a) 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 (b) 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. (7) 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, becom`e 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. (8) 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 A. Form 604 – Notice of change of interests of substantial holder RICEGROWERS LIMITED Corporation name: 007 481 156 ACN: 4. PRESENT RELEVANT INTEREST Holder of relevant interest MENEGAZZO ENTERPRISES PTY LTD MENEGAZZO ENTERPRISES PTY LTD MENEGAZZO ENTERPRISES PTY LTD MENEGAZZO ENTERPRISES PTY LTD MENEGAZZO ENTERPRISES PTY LTD Registered holder of securities LAUREN MENEGAZZO + SIMON FINN REEDMEN PTY LTD Person entitled to be registered as holder (8) Nature of relevant interest (6) ASSOCIATE Class and number of securities B CLASS 125,274 Persons votes ASSOCIATE B CLASS 60,868 60,868 NICOLA MENEGAZZO ASSOCIATE B CLASS 61,914 MAREE CONCETTA MENEGAZZO MAREE CONCETTA MENEGAZZO ATF MAREE CONCETTA MENEGAZZO TRUST ASSOCIATE B CLASS 95,420 95,420 ASSOCIATE B CLASS 98,964 61,914 98,964 125,274 This is annexure A of Page 1 referred to in form (Form 604 – Notice of change of interests of substantial holder) Signature Print name Sign here LAUREN MENEGAZZO Capacity Date DIRECTOR 23/05/24