CSR : Replacement Constitution

For personal use only

CSR Limited

Triniti 3 39 Delhi Road

North Ryde NSW 2113

Australia

T [phone]

F [phone]

[e-mail]

www.csr.com.au

ABN 90 000 001 276

30 June 2022

Mr Justin Nelson

Principal Adviser - Listings Compliance

Australian Securities Exchange

Exchange Centre

20 Bridge Street

Sydney NSW 2000

Dear Justin,

CSR Limited (CSR) - new Constitution

In accordance with the Listing Rules, please find attached a copy of the constitution of CSR Limited, which shareholders resolved at today's Annual General Meeting be adopted as the constitution of CSR in place of the current constitution with effect from the close of the meeting.

Yours sincerely

Jill Hardiman

Company Secretary

This announcement has been authorised for release by the Company Secretary following

shareholder approval.

CSR Limited

Triniti 3, Level 5, 39 Delhi Road

North Ryde NSW 2113

Australia

T [phone]

F [phone]

ABN 90 000 001 276

For personal use only

Constitution

CSR Limited

ACN 000 001 276

Adopted by shareholders on 30 June 2022

For personal use only

Table of contents

1	Preliminary	1
	1.1	Definitions and interpretation ............................................................................	1
	1.2	Application of the Act, Listing Rules and ASX Settlement Operating Rules........	3
	1.3	Exercising powers ............................................................................................	3
	1.4	Currency ..........................................................................................................	4
	1.5	Transitional provisions......................................................................................	5

2	Share capital	5
	2.1	Shares .............................................................................................................	5
	2.2	Preference shares ............................................................................................	5
	2.3	Alteration of share capital .................................................................................	7
	2.4	Conversion or reclassification of shares............................................................	7
	2.5	Variation of class rights ....................................................................................	7
	2.6	Joint holders of shares .....................................................................................	7
	2.7	Equitable and other claims ...............................................................................	8
	2.8	Restricted securities .........................................................................................	8

3	Calls, forfeiture, indemnities, lien and surrender	8
	3.1	Calls.................................................................................................................	8
	3.2	Proceedings to recover calls.............................................................................	9
	3.3	Payments in advance of calls .........................................................................	10
	3.4	Forfeiting partly paid shares............................................................................	10
	3.5	Members' indemnity .......................................................................................	11
	3.6	Lien on shares................................................................................................	11
	3.7	Surrender of shares........................................................................................	12
	3.8	Sale, reissue or other disposal of shares by the company ...............................	12
	3.9	Interest payable by member ...........................................................................	13

4	Distributions	13
	4.1	Dividends .......................................................................................................	13
	4.2	Capitalising profits ..........................................................................................	15
	4.3	Ancillary powers .............................................................................................	16
	4.4	Reserves........................................................................................................	17
	4.5	Carrying forward profits ..................................................................................	17

5	Transfer and transmission of shares	17
	5.1	Transferring shares ........................................................................................	17
	5.2	Power to decline to register transfers..............................................................	18
	5.3	Power to suspend registration of transfers ......................................................	19
	5.4	Selling small holdings .....................................................................................	19
	5.5	Transmission of shares ..................................................................................	20

6	Plebiscite to approve proportional takeover bids	21
	6.1	Definitions ......................................................................................................	21
	6.2	Transfers not to be registered.........................................................................	21
	6.3	Approving Resolution .....................................................................................	21
	6.4	Sunset............................................................................................................	22

7	General meetings	22
	7.1	Calling general meetings ................................................................................	22
	7.2	Notice of general meetings .............................................................................	23
	7.3	Admission to general meetings.......................................................................	23
	7.4	Quorum at general meetings ..........................................................................	24
	7.5	Chairperson of general meetings ....................................................................	25

Constitution

Contents 1

For personal use only

	7.6	Conduct at general meetings ..........................................................................	25
	7.7	Decisions at general meetings........................................................................	27
	7.8	Direct voting ...................................................................................................	27
	7.9	Voting rights ...................................................................................................	28
	7.10	Representation at general meetings ...............................................................	29
8	Directors	31
	8.1	Appointment and retirement of directors .........................................................	31
	8.2	Vacating office................................................................................................	33
	8.3	Remuneration.................................................................................................	33
	8.4	Director need not be a member ......................................................................	34
	8.5	Directors may contract with the company and hold other offices .....................	34
	8.6	Powers and duties of directors........................................................................	35
	8.7	Delegation by the Board .................................................................................	36
	8.8	Proceedings of directors.................................................................................	37
	8.9	Calling meetings of the Board.........................................................................	37
	8.10	Notice of meetings of the Board......................................................................	37
	8.11	Quorum at meetings of the Board...................................................................	38
	8.12	Chairperson and deputy chairperson of the Board ..........................................	38
	8.13	Decisions of the Board ...................................................................................	38
	8.14	Written resolutions..........................................................................................	39
	8.15	Validity of acts................................................................................................	39
9	Executive officers	39
	9.1	Managing directors and executive directors ....................................................	39
	9.2	Secretary........................................................................................................	40
	9.3	Provisions applicable to all executive officers..................................................	40
10	Indemnity and insurance	40
	10.1	Persons to whom rules 10.2 and 10.4 apply....................................................	40
	10.2	Indemnity .......................................................................................................	41
	10.3	Extent of indemnity.........................................................................................	41
	10.4	Insurance .......................................................................................................	41
	10.5	Savings ..........................................................................................................	41
	10.6	Deed ..............................................................................................................	41
11	Winding up	42
	11.1	Distributing surplus.........................................................................................	42
	11.2	Dividing property ............................................................................................	42
12	Inspection of and access to records	43
13	Seals	43
	13.1	Manner of execution.......................................................................................	43
	13.2	Common seal .................................................................................................	43
	13.3	Safe custody of Seal.......................................................................................	43
	13.4	Using the Seal................................................................................................	44
	13.5	Seal register...................................................................................................	44
	13.6	Duplicate seals and certificate seals ...............................................................	44
	13.7	Sealing and signing certificates.......................................................................	44
14	Notices	44
	14.1	Notices by the company to members ..............................................................	44
	14.2	Notices by the company to directors ...............................................................	45
	14.3	Notices by directors to the company ...............................................................	46
	14.4	Time of service...............................................................................................	46
	14.5	Other communications and documents...........................................................	46
	14.6	Written notices ...............................................................................................	46

Constitution

Contents 2

For personal use only

15	General	46
	15.1	Submission to jurisdiction ...............................................................................	46
	15.2	Prohibition and enforceability..........................................................................	47

Constitution

Contents 3