• BEN to pay 30 cents per share (fully franked) interim dividend for 1H26
• DRP to be offered, with shares issued at 1.5% discount
• DRP to be partially underwritten by UBS up to 70% of dividend amount

Bendigo and Adelaide Bank Ltd (BEN) has announced the details of a partially underwritten Dividend Reinvestment Plan (DRP) for its 1H26 interim dividend of 30 cents per share (fully franked). Shareholders can elect to participate in the DRP, with shares to be issued at a 1.5% discount to the volume-weighted average price of BEN shares traded on the ASX over a 19-day period. BEN has also entered into an agreement with UBS Securities Australia Limited to underwrite the DRP up to 70% of the total dividend amount. The final underwritten amount will be subject to the level of shareholder participation in the DRP, with UBS to be paid a fee of 10 basis points on the final underwritten amount. The announcement outlines several events that could lead to the termination of the Underwriting Agreement, including issues around disclosure, regulatory approvals, insolvency, and changes in law or policy. Shareholders are encouraged to seek independent advice before participating in the DRP.