The Chairman and CEO's Address at the AGM

The Chairman's address to the Annual Meeting of Shareholders held on 10 December 2025, is attached together with the address of the Glassons Australia Chief Executive Officer, and the Hallensteins Chief Executive Officer. Included in the address is a trading update for the first 18 weeks of FY2026. The first 18 weeks of the new financial year have delivered a solid start, with Group sales up +13.8% on the prior corresponding period. The result is driven primarily by the Australian market and the ongoing contribution from stores opened or increased in size and refurbished in FY2025. However, current trading performance should not be seen as indicative of results through the key trading Christmas period, which is a huge trading period for the Group, right through to 1 February 2026, the end of our summer trading season. Further detail can be found in the attachments.