Origin Energy Group Proceeding (Class Action)

This is a group proceeding (class action) brought on behalf of investors who acquired an interest in Origin Energy Ltd shares or equity swaps between 20 October 2021 and 31 May 2022.

During FY22, Origin made statements to investors and potential investors as to the future expected financial performance of the company’s Energy Markets business for FY22 and FY23. On 1 June 2022, Origin revised that information, downgrading its FY22 earnings guidance from $450M-$600M to $310-$460M and withdrew its FY23 Energy Markets Guidance. Origin’s share price subsequently declined approximately 14% by close of trade.  

The class action alleges that Origin breached various statutory provisions by making misleading or deceptive representations and failed to comply with its continuous disclosure obligations as an ASX-listed company in relation to the information it provided and/or failed to provide to investors about its expected future earnings. Origin disputes these claims. 

The claim alleges that Origin’s share price was inflated by its disclosures and that as a result, group members suffered loss and damage. Alternatively, the class action alleges that some group members would not have purchased shares in Origin had the alleged wrongdoing not occurred.

IMPORTANT INFORMATION ABOUT REGISTRATION AND OPTING OUT

If you are, or you think that you may be a group member, you should read the documents below carefully. The definition of a "group member" is set out in the Notice.

The Notice (a copy of which is below) contains important information about your rights to: 

(1)    register your claim in the proceeding; 
(2)    opt out of the proceeding; or 
(3)    do nothing

In summary, if you fall within the definition of a group member, you have three options:

OPTION 1 - REGISTER

If you wish to participate in any settlement reached by the parties at any point up to two weeks prior to the commencement date of the initial trial in this proceeding, you must register your claim.

To register, you must by 4:00pm (AEDT) on 16 October 2026, either:

• complete the online registration form with Phi Finney McDonald; or
• complete the registration form found at Schedule 1 of the Notice and return via email or post to the address on the notice for Phi Finney McDonald.

For further information on how to register, please refer to Option 1 on page 6 of the Notice below.

OPTION 2 - OPT OUT

If you do not want your rights determined by the class action you must opt out by 4:00pm (AEDT) on 16 October 2026.

To opt out, you must either:

• complete the online opt out form; or
• complete the opt out form found at Schedule 2 of the Notice and return via email or post to the address on the notice for the Registry of the Supreme Court of Victoria. 

For further information about opting out, please refer to Option 2 on pages 6 and 7 of the Notice below.

OPTION 3 - DO NOTHING

If you do nothing before the deadline of 4:00pm (AEDT) on 16 October 2026 (i.e. you do not register and you do not opt out), you will remain a group member in the Class Action, but you will not be entitled to obtain any benefit pursuant to such a settlement, without leave of the Court. You will, however, be bound by the settlement (if approved by the Court), including any terms releasing Origin in respect of matters related or similar to the claims the subject of the Class Action (despite you not being eligible to seek any benefit).

For further information about this option please refer to Option 3 on page 7 of the Notice below. 

Notice to Group Members - Registration and Opt Out
Orders of Watson J (22 July 2026) – Registration and Opt Out

Registration documents
Registration Form (online) for you to submit via Phi Finney McDonald’s website; or 
Registration Form (PDF) download, complete and submit by email or post to Phi Finney McDonald.

Opt Out documents
Opt Out Form (online) for you to submit via the link; or 
Opt Out Form (PDF) download, complete and submit by email or post to the Supreme Court of Victoria.