Annual Shareholders’ Meeting Results

MEETING RESULTS ANNOUNCEMENT

11 June 2020


Results of NZME Annual Shareholders’ Meeting

AUCKLAND, 11 June 2020: NZME Limited (NZX: NZM, ASX: NZM) (“NZME”) held its Annual
Shareholders’ Meeting online today. Shareholders were asked to vote on 2 resolutions, which
were supported by the Board, and 3 shareholder proposals, which were not supported by the
Board.

As required by NZX Listing Rule 6.1, all voting was conducted by a poll.
1. Election of Director – Peter Cullinane – Resolution withdrawn.
The resolutions passed by shareholders were:
2. Election of Director – Barbara Chapman
It is hereby resolved, as an ordinary resolution, that Barbara Chapman, who stands for
re-election before the end of her term and is eligible for re-election, be re-elected as a
Director of NZME.
3. Auditor’s remuneration
It is hereby resolved, as an ordinary resolution, that the Directors of NZME are
authorised to fix the auditor’s remuneration.
The resolutions not passed by shareholders were:
4. That the directors instigate a plan to breakup the Company so as to realise the
commercial values of Masthead brands and encourage an ethos of shareholder wealth
creation in the endeavours that make up NZME.

5. That the directors acknowledge the importance of dividend income to shareholders
and there be a more appropriate dividend policy.

6. That the directors obtain the approval of shareholders before they proceed with any
action (costing more than $1 million, including legal fees) to acquire Stuff.

Detail of the total number of votes cast in person or by a proxy holder are:
Resolution For Against Abstain
It is hereby resolved, as an ordinary
resolution, that Barbara Chapman,
who stands for re-election before
the end of her term and is eligible for
re-election, be re-elected as a
Director of NZME.
89,275,082
(99.70%)
269,996
(0.30%)
96,632

It is hereby resolved, as an ordinary
resolution, that the Directors of
NZME are authorised to fix the
auditor’s remuneration.
129,195,352
(99.87%)
170,109
(0.13%)
142,249
That the directors instigate a plan to
breakup the Company so as to
realise the commercial values of
Masthead brands and encourage an
ethos of shareholder wealth creation
in the endeavours that make up
NZME.
11,858,350
(9.16%)
117,530,367
(90.84%)
118,993
That the directors acknowledge the
importance of dividend income to
shareholders and there be a more
appropriate dividend policy.
11,939,514
(9.23%)
117,414,853
(90.77%)
153,343
That the directors obtain the
approval of shareholders before they
proceed with any action (costing
more than $1 million, including legal
fees) to acquire Stuff.
11,926,356
(9.21%)
117,551,299
(90.79%)
30,055

Authority for this announcement
Name of person authorised to make this
announcement
Allison Whitney, General Counsel and
Company Secretary
Contact person for this announcement Allison Whitney
Contact phone number 027 479 0697
Contact email address Allison.whitney@nzme.co.nz
Date of release through MAP 11 June 2020

ENDS