29 January 2021

Good afternoon,

After almost six years, I have decided to step down as Chief Executive Officer (CEO) of Future Generation Australia (ASX: FGX) and Future Generation Global (ASX: FGG) in April 2021.

It has been an absolute privilege to work for the Future Generation companies and I am very proud of what we have achieved. To date, we have delivered $41.2 million in social investments, and $69.6 million in total annualised fees foregone since inception. I will leave knowing that the companies are in a very strong position for future growth. I would like to thank Founder and Director Geoff Wilson AO for the opportunity to join Future Generation and work with an incredible team.

I would also like to thank all our shareholders for their continued support of FGX and FGG, and extend my gratitude to creator and lead supporter Wilson Asset Management and the pro bono fund managers for their outstanding performance and generosity that makes it possible for Future Generation to provide our charity partners with a stream of annual investments. Finally, I would like to thank the Chairs and the Boards of Directors, Investment Committee members, charity partners and service providers for their hard work and support.

In April, FGX Director and Wilson Asset Management CEO Kate Thorley will assume the role of Acting CEO for both FGX and FGG until a permanent CEO is appointed. I have worked closely with Kate over the years and will continue to support her and the Future Generation companies during this period of transition.

An exciting future is ahead for the Future Generation companies, Australia’s first listed investment companies to provide investment and social returns.

If you have any questions please call me on (02) 9247 9202 or email info@futuregeninvest.com.au

Kind regards,

Louise Walsh

Chief Executive Officer

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