September 2023 Quarterly Dividend & FY2023-24 Dividend Outlook

The Board of QV Equities Limited (the Company) has declared an interim quarterly
dividend of 1.3 cents per share fully franked for the September 2023 quarter.

Relevant dates for the interim dividend are listed below:

• Ex-Dividend Date: 14 November 2023
• Dividend Record Date: 15 November 2023
• Dividend Payment Date: 1 December 2023

Dividend Outlook for FY2023-24

The Board intends to maintain the same level of quarterly dividends of 1.3 cents per share
for the remainder of financial year 2024. This is subject to the Company maintaining
sufficient profit reserves and there being no material impacts, changes or unforeseen
events.

Chairman Peter McKillop stated: “In this uncertain and volatile investment environment,
where many investors are more reliant on the dividend income to fund their lifestyles, we aim
to maintain the current level of dividends to our shareholders. At the current share price this
equates to a gross yield of 8.3%*, when franking credits are included.
Your Board and Investment Manager remain focused on delivering to shareholders a
consistent and sustainable income stream while also aiming for capital growth over time.”

Authorised for release by the Board.

* Based on the closing share price of 89 cents on 19 October 2023.