Target sale price set at 150% of the actual IPO acquisition price.
The strategy may seek to sell up to 100% of the initial reference shares.
Execution is limited to eligible Nasdaq trading sessions from 23–27 November 2026.
Physical delivery by default, or an election to receive realised sale value in cash and any remaining exposure in shares.
Unexecuted or partially executed reference quantities remain exposed to Anthropic's share price.

If eligible strategy sales are completed, their actual net proceeds become Realised Value.
Under the default settlement, this value is converted into additional delivery shares at the maturity reference price, together with any unsold exposure. Alternatively, a valid cash election allows Realised Value to be paid in AUD while the remaining reference shares are delivered physically.
If no eligible sales occur, the investor receives the initial reference share quantity through physical delivery, subject to the DPA’s event provisions.
The investor continues to bear exposure to Anthropic’s market price and relevant currency movements.
Anthropic, PBC Class A Common Stock
Nasdaq Global Select Market (ANT)
AUD
1 week
23 November 2026
150% of actual IPO acquisition price
Up to 100% of initial reference shares
From actual Nasdaq trading commencement, subject to confirmed allocation and broker sale availability, until 1pm New York time on 27 November 2026. Commercially reasonable efforts apply; execution is not guaranteed.
27 November, 1:00 pm New York time
30 November 2026
30 November 2026, 5:00 pm Sydney time
Shares by default; optional realised-value cash plus remaining shares
Within 30 Australian Business Days after Maturity, subject to Settlement Disruption
Friday 13 November 2026, close of business (Sydney time)
Monday 16 November 2026 (Sydney time)
Candour Structured Investment Pty Ltd
Unallocated cash is returned at final settlement with the shares and any elected cash entitlement, after authorised deductions.
This strategy may suit investors seeking a single sale target at 50% above the IPO acquisition price, who understand that no sale may occur and unsold exposure remains subject to physical delivery.
The specified sale targets are not guaranteed returns. Anthropic shares may not reach the target levels, or orders may not execute even if quoted prices reach them.
If no strategy sales occur, the investor's initial reference share quantity remains outstanding and is delivered under either settlement choice. Market and currency exposure continue, including while delivery is pending. Realised proceeds may also be affected by fees and FX movements.
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