Open Letter to AGL Shareholders

Dear fellow AGL shareholders,

Thanks for your support in helping to stop the AGL demerger. Together we’ve delivered the first step in turning Australia’s largest greenhouse gas emitter into a green energy powerhouse. As AGL’s largest shareholder, we believe the paths to higher shareholder returns and decarbonisation go hand in hand.

But there’s more work to be done. To execute on the decarbonisation opportunity, AGL needs the right Directors on its Board. Directors who can deliver inspirational thinking to return AGL to its leadership position in energy retailing and generation.

We believe that the current Board is not up to the challenge of delivering on AGL’s potential. AGL’s Board includes five Directors, four of whom were planning to lead AGL’s smaller, demerged entities. Without expanding the size, diversity and skills of the Board, we believe AGL will continue to fall behind the rapidly transforming energy industry, and further destroy shareholder value.

We are therefore voting FOR independent Board candidates Professor John Pollaers OAM, Christine Holman, Dr Kerry Schott AO and Mark Twidell. Attached to this letter are instructions on how you can also vote FOR these candidates prior to 13 November 2022.

Make your vote count.

This is your chance to once again join us in effecting important change at AGL.

Thanks for your continued support,

Mike Cannon-Brookes Signature

Mike Cannon-Brookes
& the Keep It Together Australia movement

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