Addendum to AGM Notice of Meeting

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ASX Release

12 November 2021

Raiz Invest Limited (RZI): Addendum to AGM Notice of Meeting

Raiz Invest Limited (Raiz or the Company) advises that it has today dispatched to shareholders an addendum to the Company's Notice of Annual General Meeting dated 27 October 2021 (Addendum).

On 25 October 2021, the Company announced the appointment of Mr Harvey Kalman as a non- executive director of the Company and Chair of the Board. As such, and pursuant to the constitution of the Company, Mr Kalman is required to seek election at the Company's AGM which is being sought through an additional Resolution 10.

The Company confirms that there is no change to the date and time of Raiz's 2021 Annual General Meeting (AGM), which is 11:00am (AEDT) on Friday, 26 November 2021.

Information on voting is contained in the Addendum, however Shareholders are encouraged to contact the Company's Share Registry, Computershare Investor Services, on [phone] if they have any questions.

For any further queries, Shareholders should contact the Company Secretary on [phone].

- ENDS -

Market Announcement authorised by:

George Lucas

MD /Joint Group CEO

Raiz Invest Limited

Investor and Media Enquiries: Brendan Malone [e-mail]

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Raiz Invest Limited

https://raizinvest.com.au/

Level 11, 2 Bulletin Place

Sydney, NSW 2000

ACN: 615 510 177

Raiz Invest Limited

Addendum to Notice of 2021 Annual General Meeting

Explanatory Statement | Proxy Form

Friday, 26 November 2021

11:00AM AEDT

Virtual Meeting

This addendum to the Notice of Meeting should be read in its entirety. If Shareholders are in doubt as to how they should vote, they should seek advice from their professional advisers prior to voting.

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Addendum to Notice of Annual General Meeting

Notice is hereby given in relation to the Notice of Annual General Meeting dated 27 October 2021 (Notice of Meeting) in respect of the Annual General Meeting of Shareholders of Raiz Invest Limited ACN 615 510 177 (Company) to be held at 11:00AM AEDT on Friday 26 November 2021 as a virtual meeting, that the directors have determined to issue this addendum to the Notice of Meeting (Addendum), for the purposes set out below.

Additional Resolution

By this Addendum, Resolution 10 is added to the Notice of Meeting as detailed below.

The Explanatory Statement to this Addendum provides additional information on Resolution 10 to be considered at the Annual General Meeting. The Explanatory Statement and the Proxy Form form part of this Addendum.

Unless otherwise defined in this Addendum, terms and abbreviations used in this Addendum have the same meaning as in the Notice of Meeting.

Voting Information

Voting by proxy - physical form

Annexed to this Addendum is a replacement Proxy Form (Replacement Proxy Form). Shareholders are advised that:

1. If you have already voted by completing a Proxy Form and wish to vote on Resolution
   10 or otherwise change your proxy vote:
   Please complete the Replacement Proxy Form, which will replace your previous proxy form, by following the instructions provided. Make sure you include any voting directions you wish to specify on Resolutions 1 to 9 in the Replacement Proxy Form, otherwise your proxy will have authority to vote on those Resolutions as they see fit as undirected proxies.
2. If you have already voted by completing a Proxy Form and do not wish to vote on Resolution 10 or otherwise change your proxy vote:
   You do not need to take any action as the earlier submitted proxy form remains valid. Your appointed proxy will have authority to vote on Resolution 10 as they see fit, unless you submit a Replacement Proxy Form and direct your proxy how to vote on that Resolution.
3. If you have not yet voted and wish to vote:
   Please complete the Replacement Proxy Form by following the instructions provided.

Voting by proxy - online

Alternatively, Shareholders can complete the online proxy form (which has been revised to include Resolution 10) by logging into www.investorvote.com.auand following the prompts. Shareholders will need their holder number (Security Reference Number (SRN) or Holder Identification Number (HIN)) as shown on the front of the Replacement Proxy Form.

Voting by proxy - precedence of proxy forms

The last proxy form (whether physical or online) you lodge before the latest time for receipt of proxy forms (being not later than 48 hours before the commencement of the AGM) will be taken to be your proxy form for voting on items of business at the AGM.

If your last proxy form does not include Resolution 10, your proxy will still be valid, although you will not be taken to have voted on Resolution 10 and your proxy may vote on Resolution 10 as they see fit as an undirected proxy.

Raiz Invest Limited | AGM - Addendum to Notice of Meeting and Explanatory Statement

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Undirected proxies

The Chair of the meeting intends to vote all undirected proxies in favour of Resolution 10, including if the Chair has an undirected proxy vote on that Resolution because of having been appointed proxy by a Shareholder using the original Proxy Form which did not contain Resolution 10.

Additional Resolution

1. Resolution 10 - Election of Mr Harvey Kalman as Director

To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution:

"That Mr Harvey Kalman, a Director appointed as an additional Director and holding office until the next annual general meeting of the Company after his appointment in accordance with the Company's Constitution, be elected as a Director of the Company, effective immediately."

BY ORDER OF THE BOARD

Andrew Palfreyman

Company Secretary

Raiz Invest Limited | AGM - Addendum to Notice of Meeting and Explanatory Statement

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Explanatory Statement

The Explanatory Statement in the Notice of Meeting is supplemented with the following information in relation to Resolution 10 as follows:

Resolution 10 - Election of Mr Harvey Kalman as Director

Article 10.9 of the Constitution provides that a Director appointed by the Board either to fill a casual vacancy or as an addition to the existing Directors holds office until the conclusion of the next annual general meeting of the Company and is eligible for election at that meeting.

On 25 October 2021, Mr Harvey Kalman was appointed by the Board as an additional Director of the Company and has since served as a Director of the Company. He is a Non-Executive Director and Chair of the Board.

Under this Resolution, Mr Kalman seeks election as a Director of the Company at this AGM.

Mr Kalman is a senior executive and board member with more than 30 years' experience in financial services. In a diversified career, he has provided leadership and strategic advisory across business growth, risk management, funds management, service provision, operations, and innovation.

He led the establishment and success of Equity Trustees Corporate Trustees Services (ASX: EQT), increasing funds under supervision from $0.5 million in January 2000 to more than $100 billion in July 2021.

Current positions include Board Member and Chair of the Audit and Investments Board Committee for the Menzies Foundation and Chairman of the Financial Planning Advisory Board at Deakin University. He also has been a director of the Victorian Legal Services Board and held executive positions at KPMG, ANZ and Ford Credit.

Directors' recommendation

The Directors (excluding Mr Harvey Kalman) recommend that Shareholders vote for this Resolution.

Enquiries

Shareholders are asked to contact the Company Secretary on [e-mail] they have any queries in respect of the matters set out in these documents.

Raiz Invest Limited | AGM - Addendum to Notice of Meeting and Explanatory Statement

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