Capital change notice

Template
Capital Change Notice

Updated as at June 2023

Please do not amend or delete individual rows. As this template relates to prescribed content, changes to content
should only be made where it is clearly indicated that this is permitted, otherwise, if an Issuer considers a particular
element does not apply, mark the row as N/A, Any other changes to this prescribed form must first be approved by
NZX as required under NZX Listing Rule 3.26.1.

Section 1: Issuer information
Name of issuer Bremworth Limited
NZX ticker code BRW
Class of financial product Fully paid up ordinary shares
ISIN (If unknown, check on NZX website) NZCAVE0001S7
Currency Not applicable
Section 2: Capital change details
Number issued/acquired/redeemed 992,093 fully paid up ordinary
shares
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security Nil
Nature of the payment (for example, cash or other
consideration)
Not applicable
Amount paid up (if not in full) Fully paid up
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the number of
Financial Products of the Class, excluding any Treasury Stock,
in existence)
1

1.416%
For an issue of Convertible Financial Products or Options, the
principal terms of Conversion (for example the Conversion
price and Conversion date and the ranking of the Financial
Product in relation to other Classes of Financial Product) or the
Option (for example, the exercise price and exercise date)
The shares are issued to
Bremworth Share Scheme
Limited as trustee of the
Bremworth Limited 2022 Long-
Term Incentive Scheme (2022
LTI Scheme) which will hold
these shares on behalf of the
participants pursuant to the
terms of the 2022 LTI Scheme
under an offer of FY25-27
rights until the vesting date.
Vesting of these shares is
dependent on Total
Shareholder Return
performance over the period
from 27 September 2024 to 30
June 2027. The Total
Shareholder Return is
calculated by reference to the
volume weighted average
share price on the NZX for the

1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

last 20 trading days prior to 30
June 2027 as compared to the
volume weighted average
share price on the NZX for the
last 20 trading days prior to 27
September 2024 of $0.4051.
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Issue of shares pursuant to the
Bremworth Limited 2022 Long-
Term Incentive Scheme under
an offer of FY25-27 rights
Total number of Financial Products of the Class after the
issue/acquisition/redemption/Conversion (excluding Treasury
Stock) and the total number of Financial Products of the Class
held as Treasury Stock after the issue/acquisition/redemption.
71,061,519 fully paid up
ordinary shares
Treasury Stock held - Nil
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
Not applicable
Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
Directors' resolution for the
purposes of Listing Rule 4.6.1
(dated 26 October 2024)
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The terms or details of the
issue are contained in the
Bremworth Limited 2022 Long-
Term Incentive Scheme Rules
Date of issue/acquisition/redemption
2
7 November 2024
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Victor Tan
Contact person for this announcement Victor Tan
Contact phone number +64 27 668 8963
Contact email address vtan@bremworth.co.nz
Date of release through MAP

8 November 2024




2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).