• Bendigo and Adelaide Bank to redeem A$150m Subordinated Notes due 2030
• Redemption to occur on first optional Early Redemption Date of 19 November 2025
• Redemption approved by Australian Prudential Regulation Authority (APRA)

Bendigo and Adelaide Bank Limited (ASX:BEN) today announced that it will redeem all of its A$150m Subordinated Notes due 19 November 2030 on the first optional Early Redemption Date of 19 November 2025. The redemption will be made in accordance with the Conditions of the Subordinated Notes, and the Australian Prudential Regulation Authority (APRA) has approved the redemption. This redemption does not indicate or imply that Bendigo and Adelaide Bank will exercise rights to redeem any other outstanding regulatory capital instruments. Any such early redemption would be subject to APRA's prior written approval. On 19 November 2025, each Noteholder will be paid the face value of $10,000 plus the final interest payment, in the same manner as previous interest payments. A redemption notice will also be published in The Australian newspaper.