Special Dividend - with the 2026 Interim and Final Dividend

25 November 2025

The Manager
ASX Market Announcements
Australian Securities Exchange
Exchange Centre
Level 4
20 Bridge Street
Sydney NSW 2000

Electronic Lodgement

Australian Foundation Investment Company Limited (the “Company”)
Special Dividend to be paid with the 2026 Interim and Final Dividends


The Board recognises that AFIC has built up a substantial balance of franking credits over
recent years, particularly through the generation of realised capital gains. These franking
credits are valuable to our shareholders, and the Board has considered the most appropriate
means of distributing some of this balance without compromising the underlying ordinary
dividends going forward.

In this regard, the Board intends to pay a special dividend of 2.5 cents per share, fully
franked in addition to the interim dividend due to be announced with the interim results on 21
January 2026.

The Board is also intending to pay an additional 2.5 cent per share special dividend fully
franked with the final dividend expected to be declared with the financial year result to be
announced on 27 July 2026. With this result, Directors will also consider further capital
management initiatives for the next financial year taking into consideration the balance of
franking credits and the generation of realised capital gains.



Please direct any enquiries to:
Mark Freeman
Managing Director
(03) 9225 2122

Geoff Driver
General Manager
(03) 9225 2102

Authorised by the Board of Australian Foundation Investment Company Limited.