Capital Change Notice- ESOP

Template
Capital Change Notice

Updated as at February 2025

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 Solution Dynamics Limited
NZX ticker code SDL
Class of financial product Options to acquire fully paid Ordinary
Shares
ISIN (If unknown, check on NZX website) NZSDLE0001S8
Currency NZD
Section 2: Capital change details
Number cancelled
200,000 options cancelled, each option for
one fully paid ordinary share
Nominal value (if any) N/A
Issue/acquisition/redemption price per security Nil
Nature of the payment (for example, cash or other
consideration)
No consideration payable
Amount paid up (if not in full) N/A
Percentage of total class of Financial Products
cancelled/ (calculated on the number of Financial
Products of the Class, excluding any Treasury
Stock, in existence)
1

0.135994%
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)
Each Option had an exercise price of
$2.60. The terms of each option are set
out in the SDL Employee Share Option
plan. The options may be exercised by the
participant in the period from 3 years to
4.5 years from the date from the date
granted. Now lapsed.
Reason for issue/acquisition/redemption and
specific authority for issue/acquisition/redemption/
(the reason for change must be identified here)
SDL Employee Share Option Plan,
expiration of SDL share options. The
options were not exercised after the
period of 4.5 years and have now lapsed.
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.
14,706,443
In the case of an acquisition of shares, whether
those shares are to be held as treasury stock
N/A

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

Specific authority for the issue, acquisition, or
redemption, including a reference to the rule
pursuant to which the issue, acquisition, or
redemption is made
Board resolution for the purposes of
Listing Rule 4.6
Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
Not applicable
Date of issue/acquisition/redemption
2
11/06/2025
Section 3: Disclosure required for Placements made under Rule 4.5.1
[Issuers may opt to release Section 3 information (if not already done so) in a separate announcement within five Business Days of
the issuance. Delete this Section 3 if capital change is not the result of a Placement under Rule 4.5.1]

Details of the approach in identifying investors who
were able to participate in the offer and how their
respective allocations in the offer were determined.

The explanation must set out the key objectives
and criteria the Issuer adopted in the allocation
process, whether one of those objectives was a
best effort to allocate on a pro rata basis to existing
holders of the Issuer’s Equity Securities, and any
significant exceptions or deviations from those
objectives and criteria.

Section 4: Authority for this announcement and contact person
Name of person

authorised to make this
announcement
Susie Watts, Company Secretary
Contact person for this announcement Susie Watts
Contact phone number +64 27 5249103
Contact email address susiewa@solutiondynamics.com
Date of release through MAP

11/06/2025




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).