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When can a designated officer trade in Bendigo and Adelaide Bank securities (or AYT securities)?

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When can a designated officer trade in Bendigo and Adelaide Bank securities (or AYT securities)?

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2.1 Restriction You may only trade in Bendigo and Adelaide Bank securities (or AYT securities) if all of the following requirements are met. • A black-out period does not apply, or if it does apply, an exception applies, or consent is given under the procedures below. • You do not have unpublished price sensitive information. In the case of Bendigo and Adelaide Bank securities, examples of information you may have that mean this requirement is not met. • A proposed acquisition or alliance by Bendigo and Adelaide Bank. • A proposed capital raising by Bendigo and Adelaide Bank. • You have first followed the notice procedure below. 2.2 Exceptions (a) The following exceptions apply and you are permitted to trade even if you have unpublished price-sensitive information. • An application for, or acquisition of, shares or interests in shares in Bendigo and Adelaide Bank under an employee share plan or following the exercise of options granted under and executive incentive plan. This exception

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