5 questions lodged at 2025 Ampol hybrid AGM

Q1. Thanks for getting with the program and disclosing the proxies to the ASX along with the formal addresses. Well done for receiving strong support on all resolutions. We have almost 40,000 shareholders. But how many of them voted? When disclosing the poll results today, including on this rem report item, please advise the ASX how many shareholders voted for & against, similar to with a scheme vote. This will provide a better gauge of retail shareholder sentiment & insight into the chronically low retail participation rate.

Q2. We delisted Ampol from the New Zealand Stock Exchange in August last year. How much did this move save shareholders and has it caused any change to our share register or reduced any of our reporting requirements?

Q3. I've asked questions at more than 1000 AGMs since 1998 and last year's Ampol AMP was the first time I've raised racial diversity as an issue given that our board and management team lacks any people of colour. Since then, we've appointed 3 new directors but have maintained this lack of diversity. Beyond gender, did we have any other diversity measures in the frame when sourcing 3 new directors, including Helen Nash who is first up today?

Q4. Which head hunter ran the board recruitment process and did the full board interview candidates as a group or individually? Could Stephen Pearce also comment as to whether he knew any of our existing directors before engaging with the recruitment process and what he thought of the recruitment process?

Q5. Why did you need to refresh the placement capacity? Doesn't this send a message that you might do a monster placement before next year's AGM when best practice is to raise capital in a pro-rata renounceable fashion, preferably through a PAITREO. Will chair Steven Gregg promise to never put up another placement refresh resolution again out of respect to retail shareholders who get endlessly shafted and diluted by big end of town placements by ASX listed companies?

Answer: The chair declined to make such a promise which was reasonable given the approval was for a $600m hybrid issue last year which was more about debt management than a typical equity placement that shafts retail investors. Watch video of exchange via Twitter.

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