Announcement PDF 15 September 2026 Company Announcements ASX Limited Presentation slides Please find attached the information slides for today’s presentation to the Australian Shareholders’ Association’s 2026 Queensland Investor Summit. Yours faithfully, Tim Binks Company Secretary Argo Investments Limited ACN 007 519 520 invest@argoinvesments.com.au argoinvestments.com.au Head Office Level 25, 91 King William St Adelaide SA 5000 08 8210 9500 Sydney Office Level 37, 259 George St Sydney NSW 2000 02 8274 4700 ARGO INVESTMENTS Optimising franked dividends & mitigating risk in a concentrated market ASX code: ARG 15 SEPTEMBER 2026 DISCLAIMER This presentation has been prepared by Argo Service Company Pty Ltd (ASCO) (ACN 603 367 479) (Australian Financial Services Licence 470477), on behalf of Argo Investments Limited (ACN 007 519 520). ASCO’s Financial Services Guide is available on request or at argoinvestments.com.au. This presentation contains unsolicited general information only, which does not take into account the particular objectives, financial situation or needs of any individual investor. It is not intended to be passed on or relied upon as a recommendation by any person. Before making any decision about the information provided, an investor should consult their independent adviser and consider the appropriateness of the information, having regard to their objectives, financial situation and needs. Past performance may not be indicative of future performance and no guarantee of future returns is implied or given. While all reasonable care has been taken when preparing this presentation, no responsibility is accepted for any loss, damage, cost or expense resulting directly or indirectly from any error, omission or misrepresentation in the information presented. 2 1946 Founded in Adelaide 3 Figures are at 30 June 2026. 85,600 Shareholders Total assets $8.2b 14 people Employed across two offices Total holdings in portfolio Management Expense Ratio (MER) 0.14% 86 COMPANY OVERVIEW STRONG INVESTMENT OUTPERFORMANCE 6 SINCE COVID +8.3%p.a. NTA return vs Index +7.8% FY2026 NTA RETURN +8.7% Versus Index +6.1% H2 OUTPERFORMANCE +4.7% Versus Index Total returns Figures to 30 June 2026. 5 AUSTRALIAN MARKET YIELD FALLING S&P/ASX 200 Index 12-month forward dividend yield (%) Source: FactSet, IBES, Morgan Stanley Research. 6 LOWER DIVIDEND VOLATILITY Figures for financial years to the end of FY26 and Argo Investments’ FY27 dividend guidance. *Using iShares Core S&P/ASX 200 ETF (ASX: IOZ) as a proxy for the Australian share market. Annual cash dividends (including franking) Argo versus Index ETF* Argo grossed-up dividend iShares Core S&P/ASX 200 ETF 50% 60% 70% 80% 90% 100% 110% 120% 130% 2019 2020 2021 2022 2023 2024 2025 2026 2027E Relative to FY2019 Increase OUR DIVIDEND TRACK RECORD 5 ANNUAL DIVIDENDS Up +37.5% Since COVID market lows TRACK RECORD 80 years Continuous dividends FULLY FRANKED SINCE 1995 Paid twice each year Fully franked full-year dividends cents per share 25.0 26.0 26.0 26.5 28.0 29.5 30.5 31.0 31.5 33.0 30.0 28.0 33.0 34.5 34.5 37.0 38.5 10.7 11.1 11.1 11.4 12.0 12.6 13.1 13.3 13.5 14.1 12.9 12.0 14.1 14.8 14.8 15.9 16.5 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Full-year dividend Franking credits 8 INDEX CONCENTRATION RISK Comparing Argo’s portfolio to the S&P/ASX 200 Index Sector exposure Top 10 holdings Top 3 holdings = 20% Argo’s portfolio has more balanced exposure across sectors Argo’s top 3 holdings are less concentrated Top 3 holdings = 26% BHP BHP CBA MQG WBC CBA NAB RIO ANZ WBC WES WES MQG ANZ RIO TLS GMG NAB TLS STO 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% ASX200 Argo Portfolio Weight 0% 5% 10% 15% 20% 25% 30% Argo ASX200 Increase DIVIDEND OPPORTUNITY 5 Technology One ASX: TNE 11.9 12.9 13.9 15.0 16.5 22.5 26.6 2.0 3.0 10.0 0 5 10 15 20 25 30 35 40 45 0 5 10 15 20 25 30 35 40 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 Share price Cents per share Ordinary Special Share price (at end of FY) Share price & Dividends 10 HOW DO THEY STACK UP? Argo Investments (ASX: ARG) iShares Core S&P/ASX 200 ETF (ASX: IOZ) Investment style Active Passive Inception date 1946 2010 1 yr portfolio returns 8.7% 6.1% 3 yr p.a. total portfolio returns 11.0% 10.6% 5 yr p.a. total portfolio returns 8.3% 7.8% Figures are at 30 June 2026. 11 HOW DO THEY STACK UP? CONTINUED Argo Investments (ASX: ARG) Figures based on share price iShares Core S&P/ASX 200 ETF (ASX: IOZ) Figures based on unit price Yield 4.1% 3.4% Franking 100% 68% Grossed-up dividend yield 5.9% 4.4% Management expense ratio 0.14% 0.05% Cost on $10,000 invested $14 $5 Income on $10,000 invested (grossed up) $590 $440 Figures are at 30 June 2026. 12 Investing for our shareholders since 1946