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Does TCorp outsource any functions or processes of the Hour-Glass?

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Does TCorp outsource any functions or processes of the Hour-Glass?

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Yes. The following services are outsourced: • Custody of Hour-Glass assets is outsourced to a master custodian, currently BNP Paribas Fund Services Australasia Pty Ltd trading as BNP Paribas Securities Services. • Investment manager research is outsourced to an investment consultant, currently JANA Investment Advisers Pty Ltd. • Investment management of the Hour-Glass assets is outsourced to external investment managers. For a current listing please see the Investment Managers page. TCorp remains ultimately responsible for these outsourced activities.

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