NOTICE OF ANNUAL GENERAL MEETING

We are inviting you to attend the 71st Annual General Meeting of Laboratories Credit Union Limited

This event will be held on:

Wednesday, 19th November 2025 at 6:00pm to 7:00pm

Location:

Via Videoconference using Vero Voting.

LCU Proxy & Vote submissions have now closed.

You can still register your attendance in the Vero portal, where you can watch the meeting live and vote during the meeting.

• If you haven’t received an email from support@verovoting.com.au, please check your junk or spam folder – even emails from LCU can end up there.
• If you are experiencing any issues accessing the portal, our staff are available to assist.
• If you are attending and have already directed your vote but wish to make a change, you can cancel your vote in the Vero portal, watch the meeting live and vote during the meeting.

A reminder email will also be sent approximately one hour before the meeting begins with a link to watch the meeting live, from support@verovoting.com.au

Agenda

1. Minutes. Confirmation of Minutes from the last AGM held on 20th November 2024. The 2024 Meeting Minutes are available to view in the Vero Meeting Portal or you can request a copy to be sent to you via email or post.

2.To receive from the Board, Chief Executive Officer and Auditor, reports on the results of operations of Laboratories Credit Union during the financial year ended 30 June 2025.

3.General Business. Questions can be submitted using the Vero Meeting Portal or by email to info@lcu.com.au no later than 6:00pm on 12th November 2025.

4.Election of Directors:
Three [3] Directors’ are to be elected in accordance with the Constitution of the Credit Union. Current Directors’ Gordana Papic, Tony Murphy and Allison Smart have their terms of office terminating at this meeting. These Directors’ have re-nominated for a further term and are eligible for re-election in accordance with the Constitution, as the Credit Union has received three [3] nominations for three [3] positions, an election is not required. Subject to the Credit Union’s Nomination Committee process, a separate resolution confirming the appointment will be put to the shareholders at the meeting.

5. Increase in Board Director Remuneration:
The Board proposes that the remuneration pool be increased to reflect the evolving demands of governance, the strategic need for Board renewal, and alignment with industry benchmarks. The current remuneration levels are significantly below market norms, which risks limiting our ability to attract and retain directors with the necessary expertise and commitment. This adjustment will support our long-term governance strategy and ensure the Board remains equipped to guide the organisation through its next phase of growth.

Proposal – The total annual remuneration pool available to non-executive directors be increased from $70,450 to $140,900.

By Order of the Board  

Helen Lorigan
Company Secretary
28 October 2025