Channel Infrastructure NZ Limited logo

Amended SPH Notice - Macquarie Group Limited

Substantial Holder Notice22 June 2025CHIEnergy

1
Macquarie Group of Companies

Australia and Worldwide

Level 1, 1 Elizabeth Street Telephone (61 2) 8232 3333

Sydney NSW 2000 Facsimile (61 2) 8232 7780

GPO Box 4294 Internet http://www.macquarie.com.au

Sydney NSW 1164


To: Channel Infrastructure NZ Ltd

ATTENTION: COMPANY SECRETARY

COPY TO: New Zealand Stock Exchange (“NZX”)


20

th

June 2025


Notice of correction of substantial holder notice lodged on 20

th

March 2025


Macquarie Group Limited (“Macquarie”) (ASX: MQG; ADR: MQBKY) writes to advise that

the Disclosure of beginning to have substantial holding notice lodged on 20

th

March 2025

contained a technical error.

The error related to the disclosure of a relevant interest in shares held by and/or transactions

in shares involving Macquarie Asset Management Public Investments (NZ) Limited

(“MAMPINZ”). Up to March 2023, MAMPINZ was the manager of certain funds related to

Macquarie Asset Management’s New Zealand retail funds business. Following completion of

the sale of Macquarie Asset Management’s New Zealand retail funds business in March 2023,

MAMPINZ ceased to be the manager of the relevant funds and ceased to have a relevant

interest in the relevant shares and was deregistered on 26 October 2023. However, another

Macquarie group entity, Macquarie Investment Management Global Limited (ACN 086 159

060) (“MIMGL”), remained the investment manager of the relevant assets following

completion of the sale and for that reason should have been listed as having the relevant

interest in the relevant shares.

There was no error in the total percentage stated in the substantial holder notice identified

above.

This error has been corrected in the attached version of the substantial holder notice.

Please note that Macquarie subsequently lodged two Disclosure of ceasing to have

substantial holding on 25

th

March 2025.

2
Disclosure of beginning to have substantial holding

Section 276, Financial Markets Conduct Act 2013

To NZX Limited

and

To Channel Infrastructure NZ Ltd

Date this disclosure made: 20 March 2025

Date on which substantial holding began: 19 March 2025

Substantial product holder(s) giving disclosure

Full name(s): Macquarie Group Limited & and its controlled bodies corporate listed in

Annexure A (Macquarie Group Entities)

Summary of substantial holding

Class of quoted voting products: Ordinary Shares

Summary for Macquarie Group Entities

For this disclosure,—

(a) total number held in class: 52,962,631

(b) total in class: 410,004,702

(c) total percentage held in class: 12.92%


Details of relevant interests

Details for MACQUARIE INVESTMENT MANAGEMENT GLOBAL LIMITED

Nature of relevant interest(s): Power to control the exercise of a right to vote attached to

securities and/or control the disposal of securities in its capacity as investment manager.

For that relevant interest,—

(a) number held in class: 996,478

(b) percentage held in class: 0.24%

(c) current registered holder(s): BNP Paribas Securities Services (Australia)

(d) registered holder(s) once transfers are registered: Unknown



3
Details of relevant interests

Details for MACQUARIE BANK LIMITED

Nature of relevant interest(s): Power to control the exercise of a right to vote attached to

securities and/or control disposal of securities.

For that relevant interest,—

(a) number held in class: 5,779

(b) percentage held in class: 0.0014%

(c) current registered holder(s): Macquarie Bank Limited

(d) registered holder(s) once transfers are registered: Unknown


Details of relevant interests

Details for MACQUARIE SECURITIES (NZ) LIMITED

Nature of relevant interest(s): On 19 March 2025, Z Energy Limited (“Z”) entered into a

letter agreement (the "Agreement") with Macquarie Securities (NZ) Limited (the

"Underwriter") under which Z appointed the Underwriter to underwrite, sell and manage the

disposal of all of the 51,960,374 ordinary shares in CHI currently held by Z. A copy of the

Agreement which comprises [17] pages is attached to this notice (see Annexure B).

Pursuant to the Agreement, all of the 51,960,374 ordinary shares in CHI held by Z have

been allocated to investors, at a sale price of NZ$ 1.84 per ordinary share, with settlement

expected to occur on 24 March 2025. Settlement of the transaction is underwritten and

guaranteed by the Underwriter.

As a consequence of those allocations and the Agreement, there is a qualification on the

power of Z to dispose of, or control the disposal of, such shares.

For that relevant interest,—

(a) number held in class: 51,960,374

(b) percentage held in class: 12.67%

(c) current registered holder(s): Unknown

(d) registered holder(s) once transfers are registered: Unknown



4
Details of transactions and events giving rise to substantial holding

Details of the transactions or other events requiring disclosure: On 19 March 2025, Z Energy

Limited (“Z”) entered into a letter agreement (the "Agreement") with Macquarie Securities

(NZ) Limited (the "Underwriter") under which Z appointed the Underwriter to underwrite,

sell and manage the disposal of all of the 51,960,374 ordinary shares in CHI currently held

by Z. A copy of the Agreement which comprises [17] pages is attached to this notice (see

Annexure B).

Pursuant to the Agreement, all of the 51,960,374 ordinary shares in CHI held by Z have

been allocated to investors, at a sale price of NZ$ 1.84 per ordinary share, with settlement

expected to occur on 24 March 2025. Settlement of the transaction is underwritten and

guaranteed by the Underwriter.

As a consequence of those allocations and the Agreement, there is a qualification on the

power of Z to dispose of, or control the disposal of, such shares.


Date of

change

Person whose relevant interest

changed

Nature of

change

Consideration

per security

Number of

securities

affected

26-Nov-24

MACQUARIE INVESTMENT

MANAGEMENT GLOBAL LIMITED

On market

purchase

NZD 1.6 78782

26-Nov-24

MACQUARIE INVESTMENT

MANAGEMENT GLOBAL LIMITED

On market

purchase

NZD 1.8 21543

09-Dec-24

MACQUARIE INVESTMENT

MANAGEMENT GLOBAL LIMITED

On market sale NZD 1.79 -21006

20-Dec-24 MACQUARIE BANK LIMITED

Rights Issue of

securities`

NZD 0.00 440

17-Jan-25

MACQUARIE INVESTMENT

MANAGEMENT GLOBAL LIMITED

On market sale NZD 1.94 -19328

25-Feb-25

MACQUARIE INVESTMENT

MANAGEMENT GLOBAL LIMITED

On market sale NZD 1.91 -18353

19-Mar-25

MACQUARIE SECURITIES (NZ)

LIMITED

Block Trade (see

Annexure B)

NZD 1.84 51,960,374



5
Additional information

Address(es) of substantial product holder(s): Level 1, 1 Elizabeth Street, Sydney, New

South Wales 2000, Australia

Contact details: Philip Alexander, +44 7785 428701, rmgpositionreporting@macquarie.com

Nature of connection between substantial product holders:

Each entity below is wholly owned subsidiary of Macquarie Group.

MACQUARIE INVESTMENT MANAGEMENT GLOBAL LIMITED

MACQUARIE BANK LIMITED

MACQUARIE SECURITIES (NZ) LIMITED

Name of any other person believed to have given, or believed to be required to give, a

disclosure under the Financial Markets Conduct Act 2013 in relation to the financial

products to which this disclosure relates: Not Applicable

Certification

I, Philip Alexander, certify that, to the best of my knowledge and belief, the information

contained in this disclosure is correct and that I am duly authorised to make this disclosure

by all persons for whom it is made.





6
ANNEXURE A

Macquarie Group Limited’s controlled bodies corporate listed

Company No Company Name Country

1250 N LaSalle Member LLC United States

1250 N LaSalle Property LLC United States

2375 Ala Wai Holding LLC United States

2375 Ala Wai Property LLC United States

88-0896985 441 DG Holdings, LLC United States

12725483 Aberthaw Green Limited United Kingdom

B-88238381 Abeto New Energy S.L. Spain

13163487 Adapt Biogas FinanceCo Limited United Kingdom

13161489 Adapt Biogas HoldCo Limited United Kingdom

8199075 Adapt Biogas Limited United Kingdom

HRB 128514 Adler Capital Holdings GmbH Germany

Aerogy LLC United States

U40106TG2020F

TC139383 Akamu Sola

r Power Pvt Ltd India

B42869230 Alcala Del Jucar Energy S.L. Spain

B-88225867 ALCARAZ SOLAR S.L. Spain

20-8983572 Aligned Co-Invest GP LLC United States

14749827 Alphabet Equityco Limited United Kingdom

87-2097230 American Hydro LLC United States

683 163 886 ANZ LOGISTICS PROPERTY GROUP PTY LIMITED Australia

Aquila MSIG 3 (USD) Lev US Fund Aggregator 1 LP United States

Aquila MSIG 3 (USD) UnLev US Fund Aggregator 3 LP United States

U40106TG2019F

TC135162 Aquila Sola

r Power Pvt Ltd India

202036427C Aragorn Holding Company Two Pte. Ltd. Singapore

U40106TG2020F

TC140186 Aragorn Renewable Energy Pvt Ltd India

U40107TG2013P

TC134776 Arkha Sola

r Power Pvt Ltd India

Artemis Blocker Corporation United States

Artemis Investor Holdings, LLC United States

Artemis KE Blocker Buyer, Inc. United States

Artemis KE Blocker, L.P. United States

Artemis Outdoor Holdings, LLC United States

U40107TG2018F

TC125111 Atlantic Urja Pvt Ltd India

20-3690322 AVENAL POWER CENTER, LLC United States

653 880 785 B2R No. 1 Pty Limited Australia

653 881 040 B2R No. 2 Pty Limited Australia

653 881 693 B2R No. 3 Pty Limited Australia

Barcelona Funding Trust Australia

86-1973459 BBH DG Blocker, Inc. United States

7
8604966 BELIKE NOMINEES PTY. LIMITED Australia

96037946 Bellamy BESS Holding B.V. Netherlands

11974335 Bernard Topco Limited United Kingdom

16080578 Berrima Lendco Limited United Kingdom

15351758 Bestla UK Limited United Kingdom

12095099 Bilbao Offshore TopCo Limited United Kingdom

2023100122901-

01 BLE Philippines Holdings Inc. Philippines

202115880K BLE Project 103 Pte. Ltd. Singapore

CS2015160102 BLUE LEAF ENERGY SERVICES PHILIPPINES, INC. Philippines

201536002R BLUE LEAF ENERGY SPV HOLDCO PTE. LTD. Singapore

46-5587770 Blueshine, LLC United States

Bluestone Equity Release Series 1 Warehouse Trust Australia

12725566 Bolney Green Limited United Kingdom

008 607 065 BOND STREET CUSTODIANS LIMITED Australia

12723612 Bramley Solar Limited United Kingdom

58.257.030/0001-

68

BRASIL MB01 FUNDO DE INVESTIMENTO EM PARTICIPAÇÕES MUL

TIESTRAT

ÉGIA RESPONSABILIDADE LIMITADA Brazil

58.423.425/0001-

93

BRASIL MB02 FUNDO DE INVESTIMENTO EM PARTICIPAÇÕES MUL

TIESTRAT

ÉGIA RESPONSABILIDADE LIMITADA Brazil

13660085 Breachology Ltd United Kingdom

8371922 Bridge Partners Limited United Kingdom

12516809 Bridgwater Green Limited United Kingdom

14551448 BRIGADEIRO HOLDINGS LIMITED United Kingdom

692062 Broadstone Housing Investments Limited Ireland

88217 Bunhill Investments Unlimited Jersey

179-81-01129 BUSAN OFFSHORE WIND POWER CO., LTD. Korea, Republic of

2865830 BUTTONWOOD NOMINEES PTY LTD Australia

4800317 Capital Meters Limited United Kingdom

B42869248 Castellana De Robledo Energy S.L. Spain

B42869255 Castelo Melide Energy S.L. Spain

Central Park Advisers, LLC United States

20-8453707 Central Park Fund Administration, LLC United States

20-4816629 Central Park Group, LLC United States

538-88-01399 CERES HOLDINGS CO., LTD. Korea, Republic of

164108901000 Cero Development Hellas Single Member S.A. Greece

HRB 182832 Cero Erneuerbare Energien GmbH Germany

8
920 433 893 RCS

Nanterre Cero France SAS France

12415204 Cero Generation Holdings France Limited United Kingdom

14635736 Cero Generation Holdings Germany Limited United Kingdom

13356303 Cero Generation Holdings Greece Limited United Kingdom

12316686 Cero Generation Holdings Italy Limited United Kingdom

12479162 Cero Generation Holdings Poland Limited United Kingdom

11346219 Cero Generation Holdings Spain Limited United Kingdom

12318275 Cero Generation Holdings UK Limited United Kingdom

12272533 Cero Generation Limited United Kingdom

979335 Cero Generation Poland Spółka Z Ograniczoną Odpowiedzialnością Poland

162961101000 Cero Generation Services Greece Single Member Private Company Greece

13078063 Cero Generation Services Limited United Kingdom

M-

752842 Tomo 42

548 Folio 161 Cero Generation Services Limited, Sucursal en España Spain

B56794472 Cero Generation Services Spain S.L. Spain

12517980962 Cero Italy Projects 1 S.R.L. Italy

12517970963 Cero Italy Projects 2 S.R.L. Italy

12518000968 Cero Italy Projects 3 S.R.L. Italy

12495520962 Cero Italy Projects S.R.L. Italy

978917 Cero Polska 1 Spółka Z Ograniczoną Odpowiedzialnością Poland

982552 Cero Polska 2 Spółka Z Ograniczoną Odpowiedzialnością Poland

12289790961 Cero Services Italy S.R.L. Italy

10974030 CHAPTRE GreenCo Holdings Limited United Kingdom

436-87-01607 CHEONGSAPO OFFSHORE WIND POWER CO., LTD. Korea, Republic of

Chile Pacific HoldCo 2 SpA Chile

Chile Pacific Holdco 3 SpA Chile

Circularix Management Company, LLC United States

Circularix, LLC United States

CITRON HOLDINGS, LLC United States

Citron Ocala, LLC United States

Citron Platforms, LLC United States

13751493 Clifton Investment Holdings Limited United Kingdom

20-2937258 Closing Documentation Services, LLC United States

82-4708238 Cobalt Civil, LLC United States

Cobalt Contracting LLC United States

CER151028DM3 Comercializadora Energia de la Reforma S. de R.L. de C.V. Mexico

9
Commerce and Industry Brokerage Inc. United States

Corio Atlantic OSW Holdings 2 LLC United States

Corio Atlantic OSW Holdings 3, LLC United States

54252811000109 Corio Generation Brazil Limitada Brazil

617-86-04977 CORIO GENERATION BUSAN HOLDCO LIMITED Korea, Republic of

13805252 Corio Generation International Limited United Kingdom

T22FC0070G Corio Generation International Limited Singapore Branch Singapore

205-81-43369 CORIO GENERATION KOREA LLC Korea, Republic of

13715492 Corio Generation Limited United Kingdom

13481762 Corio Generation Service Company Limited United Kingdom

90610664 Corio Generation Taiwan Limited

Taiwan (Province of C

hina)

Corio Generation USA Holdings Inc. United States

Corio Generation USA LLC United States

Corio USA Atlantic Holdings L.P. United States

Corio USA Holdco LLC United States

Corio USA ProjectCo LLC United States

3241012 Corona Energy Limited United Kingdom

3241002 Corona Energy Retail 1 Limited United Kingdom

SC138299 Corona Energy Retail 2 Limited United Kingdom

2746961 Corona Energy Retail 3 Limited United Kingdom

2798334 Corona Energy Retail 4 Limited United Kingdom

2879748 Corona Gas Management Limited United Kingdom

92-2737524 CPG Fund Advisers United States

11496686 Craighouse Investments Limited United Kingdom

51-0566317 Crystal Screens Media LLC United States

CX Hatfield, LLC United States

CX Ocala, LLC United States

CX Team, LLC United States

81-3680468 DD Grid, LLC United States

23-3061021 Delaware Capital Management United States

23-2226487 Delaware Distributors, Inc. United States

23-2791871 Delaware Distributors, L.P. United States

Delaware Enhanced High Yield Municipal LLC United States

46-4850078 Delaware Investments Advisers Partner, Inc. United States

46-4639812 Delaware Investments Distribution Partner, Inc. United States

46-1906107 Delaware Investments Fund Advisers United States

10
46-5056965 Delaware Investments Fund Services Company United States

13-3465352 Delaware Investments Management Company, LLC United States

23-2859589 Delaware Management Company United States

13-3465338 Delaware Service Company, Inc. United States

15746566 Denwa Holdings Limited United Kingdom

15734867 Denwa Investment Holdings Limited United Kingdom

Dovel Holdings II, LLC United States

85-4264075 DynaGrid Acquisition, LLC United States

26-2800184 DynaGrid Construction Group, LLC United States

86-1253459 DynaGrid Group Holdings, LLC United States

82-4761117 DynaGrid Holdings LLC United States

85-4281427 DynaGrid Intermediate Holdings, LLC United States

SC499532 Dynamic Edge Group Limited United Kingdom

SC353045 Dynamic Edge Solutions Limited United Kingdom

Earth Resources Technology, LLC United States

Echo Bidco LLC United States

Echo Blocker Corporation United States

Echo Investor Holdings LLC United States

U40106TG2018F

TC125784 Egan Sola

r Power Pvt Ltd India

407-88-02089 EH ENERGY HOLDINGS CO., LTD. Korea, Republic of

307-88-02095 EH YANGJU CO., LTD. Korea, Republic of

127338827 ELAINE WINDFARM PTY LTD (IN DE-REGISTRATION) Australia

U40300TG2020F

TC138979 Elio Energy Private Limited India

12517332 Elstree Green Limited United Kingdom

6734150821 Energie Rinnovabili Monreale S.r.l. Italy

159289201000 Energy Storage Ventures Single Member Private Company Greece

159661801000 Energy Ventures 10 Single Member Private Company Greece

159662401000 Energy Ventures 6 Single Member Private Company Greece

12759332 Enso Green Holdings A Limited United Kingdom

12763872 Enso Green Holdings B Limited United Kingdom

12761273 Enso Green Holdings C Limited United Kingdom

12762856 Enso Green Holdings D Limited United Kingdom

12764449 Enso Green Holdings F Limited United Kingdom

12768166 Enso Green Holdings G Limited United Kingdom

12767586 Enso Green Holdings H Limited United Kingdom

11
12758956 Enso Green Holdings I Limited United Kingdom

12760999 Enso Green Holdings J Limited United Kingdom

12763391 Enso Green Holdings K Limited United Kingdom

12763931 Enso Green Holdings L Limited United Kingdom

12153574 Enso Green Holdings Limited United Kingdom

12764608 Enso Green Holdings M Limited United Kingdom

12767316 Enso Green Holdings N Limited United Kingdom

12767532 Enso Green Holdings O Limited United Kingdom

13327316 Enso Green Holdings P Limited United Kingdom

13327737 Enso Green Holdings Q Limited United Kingdom

13328511 Enso Green Holdings R Limited United Kingdom

13339227 ENSO GREEN HOLDINGS SS LIMITED United Kingdom

13328379 Enso Green Holdings U Limited United Kingdom

13328563 Enso Green Holdings V Limited United Kingdom

13328645 Enso Green Holdings W Limited United Kingdom

13328111 Enso Green Holdings X Limited United Kingdom

13328867 Enso Green Holdings Y Limited United Kingdom

13328913 Enso Green Holdings Z Limited United Kingdom

12483523 EOS INVESTMENT LIMITED United Kingdom

6435810 EQUITAS NOMINEES PTY. LIMITED Australia

B-88182340 ERDENE SOLAR, S.L. Spain

U40106TG2019F

TC135043 Eridanus Sola

r Power Pvt Ltd India

U40100TG2018F

TC125395 Ethan Energy India Pvt Ltd India

79878783 EURO FIN CO PTY LTD Australia

619687 Euro Investco PPP Ireland GP Limited Ireland

13182125 Evercreech BidCo Limited United Kingdom

10584231 Evercreech Renewable Energy Limited United Kingdom

SC273537 Exmos Limited United Kingdom

36-4649760 Farm & Ranch Construction, LLC United States

556654-2675 Favonius AB Sweden

202208128N FEMA HOLDCO PTE. LIMITED Singapore

827772 FEMOREN SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ Poland

12725583 Fleet Green Limited United Kingdom

16099961 FLEETE ASSETS UK LIMITED United Kingdom

12
14151168 Fleete Group Limited United Kingdom

46-2260160 Florida Coral Lien Investments, LLC United States

16240241006 Fluorite New Energy S.R.L. Italy

06-1058201 Fox-Pitt Kelton Cochran Caronia Waller LLC United States

1601171 Fox-Pitt, Kelton Limited (in liquidation on 12 December 2024) United Kingdom

32157 Fox-Pitt, Kelton N.V. Curacao

99228 FPK Capital I CIP GP Limited Jersey

20-5600465 Fremantle Energy Holdings, LLC United States

20-2384759 Fremantle Wind Holdings Inc. United States

Fresh Air (Nevada) LLC United States

Fresh Air (US) LLC United States

BC1130577 Fresh Air Educators Inc. Canada

763643 Fuinneamh Og Teoranta Ireland

GGL230117QT6 Fund General Partner, S.A. de C.V. Mexico

54001400 GATESUN PTY. LIMITED Australia

44.854.251/0001-

09 Geradora Eólica Brigadeiro I Ltda. Brazil

44.699.178/0001-

48 Geradora Eólica Brigadeiro II Ltda. Brazil

44.699.212/0001-

84 Geradora Eólica Brigadeiro III Ltda. Brazil

44.699.201/0001-

02 Geradora Eólica Brigadeiro IV Ltda. Brazil

44.854.157/0001-

50 Geradora Eólica Brigadeiro V Ltda. Brazil

570800 GGB inBalans Investco Ireland GP Limited (pending dissolution) Ireland

GIG CCS HoldCo, LLC United States

GIG Infrastructure HoldCo, LLC United States

14043915 GIG OSW Investments Appointer Limited United Kingdom

794 084 640 GIG OSW Service Company Limited French Branch France

NO 930 498 696 GIG OSW Service Company Limited, Norway Branch Norway

44203. 0, 17, 8,

M-779340 GIG OSW Service Company Limited, Sucursal En Espana Spain

GIG SHE Finance, LLC United States

GIG SHE Holdings, LLC United States

GIG Solar HoldCo, LLC United States

GIG Solar US Legacy 1, LLC United States

GIG Solar US Legacy 2, LLC United States

GIG US Investment Holdings Inc. United States

GIG US Storage Holdings LLC United States

16266374 GIGIL Peregrine Holdings Limited United Kingdom

13
505-88-01841 GIJANG OFFSHORE WIND POWER CO., LTD. Korea, Republic of

157315340000 Gilda Energy Single Member Societe Anonyme Greece

9642942 GILLMAN PTY. LIMITED Australia

HRB 236848 Globe Beteiligungs GmbH Germany

5473771 Goonzaran Bluebell Leasing Limited United Kingdom

12296818 Gordon Topco Limited (in liquidation on 28 June 2024) United Kingdom

Not Registered Great Eastern Offshore Wind Farm Asset Trust Australia

Not Registered Great Eastern Offshore Wind Farm Hold Trust Australia

664 379 079 GREAT EASTERN OFFSHORE WIND FARM INVESTMENT PTY LTD Australia

Not Registered Great Eastern Offshore Wind Farm Investment Trust Australia

664 379 168 GREAT EASTERN OFFSHORE WIND FARM PROJECT CO PTY LTD Australia

664 379 140 GREAT EASTERN OFFSHORE WIND FARM PTY LTD Australia

14523174 Great Eastern Offshore Wind Farm UK HoldCo Limited United Kingdom

Great Lakes Broadband Holdings LLC United States

11654061 Green Empire WtE Holdings Limited United Kingdom

538-88-00707 GREEN INVESTMENT GROUP (KOREA) LLC Korea, Republic of

SC576143 Green Investment Group Investments Limited United Kingdom

SC574147 Green Investment Group Limited United Kingdom

846-87-01653 GYEONGJU CLEAN ENERGY CO., LTD. Korea, Republic of

77.447.163-4 HC Three Investments SpA Chile

11727242 HC2 Investments Limited United Kingdom

642634759 HEARTBEAT ENERGY HOLDCO PTY LIMITED Australia

125438600 HENDERSON WA PTY LIMITED Australia

not registered HENDERSON WA TRUST Australia

559017 Hermes Infrastructure Investco Ireland GP Limited Ireland

159714202000 Hibiscus Energy Single Member Societe Anonyme Greece

97666 Hydra Investments 2007 Limited Jersey

728755 Ibsen Investco PPP Limited Ireland

157422601000 Ilios Serron Single Member Societe Anonyme Greece

202302490 InEvo Re Ltd Bermuda

202302488 InEvo Re Management Services LLC Bermuda

InEvo Re Management Services US LLC United States

202302486 InEvo Re Midco LLC Bermuda

14
202302487 InEvo Re Topco LLC Bermuda

14256697 Infinity UK Borrower 1 Limited United Kingdom

14253490 Infinity UK HoldCo 1 Limited United Kingdom

INFINITY US BORROWER 1 LLC United States

INFINITY US HOLDCO 1 LLC United States

10510632 Insight Analytics Solutions Holdings Limited United Kingdom

10511025 Insight Analytics Solutions Limited United Kingdom

Insight Analytics Solutions USA, Inc United States

75920433 International Compliance Software Holding B.V. Netherlands

12517505 Iron Acton Green Limited United Kingdom

65-0417837 Ivy Distributors, Inc. United States

03-0481447 Ivy Investment Management Company United States

42155411 JBF Nearshore ApS Denmark

46-1277880 Jones Street Holdings, LLC United States

Kalkomey Borrower, LLC United States

Kalkomey Enterprises, LLC United States

BC1128884 Kalkomey Holdings Canada Inc. Canada

Kalkomey Holdings, LLC United States

BC1128891 Kalkomey Intermediate Holdings Canada Inc. Canada

Kalkomey Intermediate, LLC United States

Kalkomey PI Holdings, LLC United States

16079756 Kareela Holdco Limited United Kingdom

KE Sportsman Buyer, Inc. United States

B-06922330 Kiwi New Energy, S.L. Spain

U40106TG2020F

TC142784 Kleio Sola

r Power Pvt Ltd India

13621736 Kusten Offshore Holding Company Limited United Kingdom

56649800 L2 B.V. Netherlands

FC032012 L2 B.V. (UK Branch) United Kingdom

B-88164025 LA CARAVIA SOLAR, S.L. Spain

8763016 Lakehouse Mortgages Limited United Kingdom

615861259 LAL LAL WIND FARMS PTY LIMITED Australia

14200142 Lalune Holdings Limited United Kingdom

B-87927414 LIDABASHI INTERNATIONAL ADVISORS, S.L. Spain

7125975 LMS Computer Services Ltd United Kingdom

SC703876 Lochlann TopCo Limited United Kingdom

12517014 Lovedean Green Limited United Kingdom

M Acquisition Company V Corporation United States

M Acquisition Company VI Corporation United States

M Acquisition Company VII Corporation United States

M Acquisition V Sponsor, LLC United States

15
M Acquisition VI Sponsor, LLC United States

M Acquisition VII Sponsor, LLC United States

MAC FUND ONE TRUST Australia

198500776M MACQUARIE (ASIA) PTE LTD. Singapore

51983 Macquarie (Bermuda) Limited Bermuda

0100-01-068766 MACQUARIE (JAPAN) LIMITED Japan

SC280388 Macquarie (Scotland) GP Limited United Kingdom

6287793 Macquarie (UK) Group Services Limited United Kingdom

8594885 MACQUARIE ACCEPTANCES PTY LIMITED Australia

CS201900544 MACQUARIE ADVISORS (PHILIPPINES) INC. Philippines

2003/014483/07 Macquarie Advisory and Capital Markets South Africa Proprietary Limited South Africa

27-1564084 Macquarie Affiliated Managers (USA) Inc. United States

26-2103542 Macquarie Affiliated Managers Holdings (USA) Inc. United States

2000/001243/07 MACQUARIE AFRICA PROPRIETARY LIMITED South Africa

122169368 MACQUARIE AGRICULTURAL FUNDS MANAGEMENT LTD Australia

611566217

MACQUARIE AGRICULTURAL FUNDS MANAGEMENT NO.2 PTY LIMI

TED Australia

667 534 581 MACQUARIE ALLIANCE PARTNERS HOLDINGS PTY LIMITED Australia

Macquarie Alliance Partners Infrastructure Fund GP, LLC United States

Macquarie Alliance Partners Management, LLC United States

Macquarie Alliance Partners, LLC United States

37-1740746 Macquarie Alpine Inc. United States

103237181 MACQUARIE ALTERNATIVE ASSETS MANAGEMENT LTD Australia

26-3816229 Macquarie Alternative Strategies United States

Macquarie AM US Holdings, LLC United States

26-3769039 Macquarie America Holdings Inc. United States

124071414 MACQUARIE AMERICAS HOLDINGS PTY LTD Australia

Macquarie Artemis Investor, LLC United States

325180 Macquarie ASEAN Technology Investments Holdings GP Ltd. Cayman Islands

201713780Z Macquarie Asia Infrastructure Management 2 Pte. Limited Singapore

289176 Macquarie Asia Infrastructure Management Limited Cayman Islands

16
10348664 Macquarie Asia Securities Limited Hong Kong

313050 Macquarie Asia Specialized Asset Management I Limited Cayman Islands

B292982 Macquarie Asia-Pacific Infrastructure Fund 4 SCSp Luxembourg

202017632H Macquarie Asia-Pacific Infrastructure Management 3 Pte. Ltd. Singapore

202441938H Macquarie Asia-Pacific Infrastructure Management 4 Pte. Ltd. Singapore

41-2183382 Macquarie Asset Advisers United States

8253772

Macquarie Asset Finance Holdings Limited (in liquidation on 23 October 2

024) United Kingdom

0100-01-107687 MACQUARIE ASSET FINANCE JAPAN LIMITED Japan

57952C1/GBL MACQUARIE ASSET FINANCE MAURITIUS LTD Mauritius

64219601 MACQUARIE ASSET FINANCE PTY LIMITED Australia

11670775 Macquarie Asset Holdings Limited United Kingdom

461290 MACQUARIE ASSET MANAGEMENT (NZ) LIMITED New Zealand

Macquarie Asset Management Credit Advisers US, LLC United States

MACQUARIE ASSET MANAGEMENT CREDIT HOLDINGS LLC United States

637680767

MACQUARIE ASSET MANAGEMENT EUROPE HOLDINGS PTY LIMIT

ED Australia

B233.546 Macquarie Asset Management Europe S.à r.l. Luxembourg

925 197 626 Macquarie Asset Management Europe S.à r.l., France Branch France

MI - 2608249 Macquarie Asset Management Europe S.à r.l., Italy Branch Italy

84650265 Macquarie Asset Management Europe S.à r.l., Netherlands Branch Netherlands

Vol 44284, Sh. 20

0, M-780630 Macquarie Asset Management Europe S.à r.l., Sucursal en España Spain

HRB 265605

Macquarie Asset Management Europe S.à.r.l., Niederlassung Deutschlan

d Germany

134474712 MACQUARIE ASSET MANAGEMENT HOLDINGS PTY LIMITED Australia

FC037906 Macquarie Asset Management Holdings Pty Limited (UK Branch) United Kingdom

B291195 Macquarie Asset Management Insurance Capital Solutions I S.à.r.l. Luxembourg

B286264 Macquarie Asset Management Insurance Capital Solutions GP S.à r.l. Luxembourg

17
B288091

Macquarie Asset Management Insurance Capital Solutions SCSp SICAV-

RAIF Luxembourg

0100-01-156193 MACQUARIE ASSET MANAGEMENT JAPAN CO., LTD. Japan

397181 Macquarie Asset Management México, S.A. de C.V. Mexico

Macquarie Asset Management Solutions, LLC United States

14755579 Macquarie Asset Management Trustee Co Limited United Kingdom

12514361 Macquarie Asset Management UK Holdings No.1 Limited United Kingdom

12514477

Macquarie Asset Management UK Holdings No.2 Limited (pending dissol

ution) United Kingdom

637680374 MACQUARIE ASSET MANAGEMENT UK HOLDINGS PTY LIMITED Australia

637679102 MACQUARIE ASSET MANAGEMENT US HOLDINGS PTY LIMITED Australia

Macquarie Asset Management US Inc. United States

77595012

MACQUARIE AUSTRALIAN INFRASTRUCTURE MANAGEMENT 1 LIMI

TED Australia

131476910

MACQUARIE AUSTRALIAN INFRASTRUCTURE MANAGEMENT 2 LIMI

TED Australia

124071432 MACQUARIE B.H. PTY LTD Australia

B292044 Macquarie B1 Luxembourg GP S.à r.l. Luxembourg

848 958 278 Macquarie Bank Europe DAC, Paris Branch France

634817 Macquarie Bank Europe Designated Activity Company Ireland

HRB 115545 Macquarie Bank Europe Designated Activity Company, Frankfurt Branch Germany

8583542 MACQUARIE BANK LIMITED Australia

1045 Macquarie Bank Limited (DIFC Recognised Company) United Arab Emirates

FC018220 Macquarie Bank Limited (London Branch) United Kingdom

2019/524903/10

Macquarie Bank Limited (registered as an external company in South Afri

ca) South Africa

FC018220 Macquarie Bank Limited (US Representative Office) United States

N/A Macquarie Bank Limited (Zurich Rep Office) Switzerland

T11FC0018C MACQUARIE BANK LIMITED SINGAPORE BRANCH Singapore

R.P.M. 89239089

2 Macquarie Belgium TCG SRL Belgium

CNPJ03.516.449/

0001 MACQUARIE BRASIL PARTICIPACOES LTDA Brazil

Macquarie CAF LLC United States

839742-2 Macquarie Canada MPIP GP Ltd. Canada

839745-7 Macquarie Canada MPIP LP Ltd. Canada

18
683412-4 Macquarie Canada Services Ltd. Canada

123199548 MACQUARIE CAPITAL (AUSTRALIA) LIMITED Australia

61414 Macquarie Capital (Chile) SpA Chile

3704031 Macquarie Capital (Europe) Limited United Kingdom

905963 Macquarie Capital (Europe) Limited, Dublin Branch Ireland

N/A Macquarie Capital (Europe) Limited, Geneva Representative Office Switzerland

104-81-64533 MACQUARIE CAPITAL (KOREA) LIMITED Korea, Republic of

1952567 MACQUARIE CAPITAL (NEW ZEALAND ) LIMITED New Zealand

199704430K MACQUARIE CAPITAL (SINGAPORE) PTE. LIMITED Singapore

98-0141094 MACQUARIE CAPITAL (USA) INC. United States

130 342 915 MACQUARIE CAPITAL ADVISERS CRE PTY LTD Australia

20-5426915 Macquarie Capital Americas Holdings Inc. United States

364888 Macquarie Capital Asia Technology Investments Holdings GP Ltd. Cayman Islands

905313-1 Macquarie Capital Development Canada Ltd. Canada

885 184 697 R.C.

S. Paris Macquarie Capital France Société Anonyme France

80503837 Macquarie Capital France Société Anonyme, Benelux Branch Netherlands

MI - 2629590 Macquarie Capital France Société Anonyme, Italy Branch Italy

HRB 120651 Macquarie Capital France Société Anonyme, Niederlassung Deutschland Germany

T. 41201, F. 171,

H. M-730487 Macquarie Capital France Société Anonyme, Sucursal en España Spain

897 955 597 R.C.

S. Paris

Macquarie Capital French Fund, Société d’Investissement à Capital Varia

ble France

13-3789912 Macquarie Capital Funding LLC United States

127185719 MACQUARIE CAPITAL GLOBAL EQUITIES PTY LIMITED Australia

2149050 Macquarie Capital Holdings (Canada) Ltd. Canada

45-4703789 Macquarie Capital Investment Holdings Inc. United States

8965703 MACQUARIE CAPITAL LIMITED Hong Kong

110-84-02227 MACQUARIE CAPITAL LIMITED (SEOUL BRANCH) Korea, Republic of

89407381 Macquarie Capital Limited, Taiwan Securities Branch

Taiwan (Province of C

hina)

565608

Macquarie Capital Markets Canada Ltd./Marchés Financiers Macquarie C

anada Ltée. Canada

19
1079073

Macquarie Capital Markets North America Ltd./Marchés Financiers Macq

uarie Amérique Du Nord Ltée. Canada

126957 Macquarie Capital Mexico, S.A.P.I. de C.V. Mexico

MACQUARIE CAPITAL PARTNERS, LLC United States

803092-8 Macquarie Capital Principal Holdings Canada Ltd Canada

U65920MH1995P

TC090696 Macquarie Capital Securities (India) Private Limited India

MC-134609 MACQUARIE CAPITAL SECURITIES (JAPAN) LIMITED Cayman Islands

0100-03-012063

MACQUARIE CAPITAL SECURITIES (JAPAN) LIMITED (TOKYO BRAN

CH) Japan

199801007342 (4

63469-W) MACQUARIE CAPITAL SECURITIES (MALAYSIA) SDN. BHD. Malaysia

15184/2070C1/G

BL MACQUARIE CAPITAL SECURITIES (MAURITIUS) LIMITED Mauritius

180496 Macquarie Capital Securities (Philippines) Inc. Philippines

198702912C MACQUARIE CAPITAL SECURITIES (SINGAPORE) PTE. LIMITED Singapore

B240282 Macquarie Capital SG GP S.a r.l. Luxembourg

B240420 Macquarie Capital SICAV-RAIF Luxembourg

13-3789912 Macquarie Capital US Acquisitions LLC United States

201918662K

MACQUARIE CAPITAL VIETNAM GREEN INVESTMENTS PTE. LIMITE

D Singapore

81119477 MACQUARIE CGM TRADING PTY LIMITED Australia

Macquarie CLO Equity Fund LP United States

Macquarie CLO Equity GP LLC United States

5259474 Macquarie Commodities (UK) Limited (in liquidation on 28 June 2024) United Kingdom

15.246.175/0001-

50 Macquarie Commodities Brasil S/A Brazil

6863247

Macquarie Commodities Factoring Holdings (UK) Limited (liquidation on 2

8 June 2024) United Kingdom

5259503

Macquarie Commodities Finance (UK) Limited (in liquidation on 28 June

2024) United Kingdom

1049253-1 Macquarie Commodities Holding Canada Ltd. Canada

633 247 935 MACQUARIE COMMODITIES PTY LIMITED Australia

619688 Macquarie Commodities Trading (Ireland) Limited Ireland

91310000301734

7000 MACQUARIE COMMODITIES TRADING (SHANGHAI) CO, LTD China

20
91310000342091

408Y Macquarie Commodities Trading (Shanghai) Co, Ltd First Branch China

201711753C MACQUARIE COMMODITIES TRADING (SINGAPORE) PTE. LIMITED Singapore

620092435 MACQUARIE COMMODITIES TRADING AUSTRALIA PTY LIMITED Australia

199655 MACQUARIE COMMODITIES TRADING BAHAMAS LTD Bahamas

1049254-0 Macquarie Commodities Trading Canada Ltd. Canada

625 945 119 MACQUARIE COMMODITIES TRADING PTY LIMITED Australia

CHE-

490.254.918 Macquarie Commodities Trading SA Switzerland

Macquarie Commodities Trading US, LLC United States

200813631K MACQUARIE COMMODITY MARKETS (SINGAPORE) PTE. LIMITED Singapore

Macquarie Communications Infrastructure Holdings, LLC United States

4752472 Macquarie Corona Energy Holdings Limited United Kingdom

21001396 Macquarie Corporate (Hong Kong) Limited Hong Kong

6198910 MACQUARIE CORPORATE AND ASSET FINANCE LIMITED Australia

8606862 MACQUARIE CORPORATE FINANCE HOLDINGS PTY LIMITED Australia

8595426 MACQUARIE CORPORATE FINANCE LIMITED Australia

HRB52973

MACQUARIE CORPORATE FINANCE LIMITED NIEDERLASSUNG DE

UTSCHLAND Germany

686899659 Macquarie Corporate Holdings Belgium NV Belgium

125895 Macquarie Corporate Holdings Europe Limited Jersey

096 705 109 MACQUARIE CORPORATE HOLDINGS PTY LIMITED Australia

FC027878 Macquarie Corporate Holdings Pty Limited (UK Branch) United Kingdom

123199253

MACQUARIE CORPORATE INTERNATIONAL HOLDINGS PTY LIMITE

D Australia

202410906W MACQUARIE DATA CENTRE INVESTMENTS PTE. LIMITED Singapore

202125957C MACQUARIE DIGITAL INFRASTRUCTURE ASIA PTE. LIMITED Singapore

202126530W MACQUARIE DIGITAL TOWER PTE. LIMITED Singapore

B 289214 Macquarie Direct Lending Europe GP S.à r.l. Luxembourg

Macquarie Echo Investor LLC United States

200408424K MACQUARIE EMERGING MARKETS ASIAN TRADING PTE. LIMITED Singapore

21
Macquarie Emerging Markets Debt Select Opportunities Master Fund, Ltd Cayman Islands

143365673 MACQUARIE EMERGING MARKETS INVESTMENTS PTY LTD Australia

22.084.882/0001-

53 Macquarie Energia Brasil Comercializadora Ltda. Brazil

1149253-5 Macquarie Energy Canada Ltd. Canada

122300592 MACQUARIE ENERGY HOLDINGS PTY LTD Australia

TDP 09.03.6.73.0

2806

MACQUARIE ENERGY HOLDINGS PTY LTD, Indonesia Foreign Trade

Representative Office Indonesia

0104-03-023033 MACQUARIE ENERGY JAPAN LIMITED Japan

8253776 Macquarie Energy Leasing Limited United Kingdom

93-1043421 Macquarie Energy LLC United States

MGS141223CE7 Macquarie Energy Mexico, S. de R.L. de C.V. Mexico

20-3690322 MACQUARIE ENERGY NORTH AMERICA TRADING INC. United States

Macquarie Energy Partners GP LLC United States

631 067 224 MACQUARIE ENERGY SERVICES PTY LIMITED Australia

Macquarie Energy Trading LLC United States

202335939D MACQUARIE ENERGY TRANSITION ASIA PTE. LIMITED Singapore

93-1552120 Macquarie Energy Transition ETF United States

Macquarie Energy Transition Infrastructure Fund, L.P. United States

Macquarie Equipment Capital Inc. United States

421234 Macquarie Equipment Finance Designated Activity Company Ireland

2017/387403/10

Macquarie Equipment Finance Designated Activity Company (Registered

as an external Company in South Africa) South Africa

262381 MACQUARIE EQUIPMENT FINANCE LIMITED New Zealand

605377-7

Macquarie Equipment Finance Ltd./Macquarie Financement d'Équipemen

t Ltée. Canada

475730 Macquarie Equipment Finance Services Limited Ireland

199801003389

MACQUARIE EQUIPMENT LEASING SDN. BHD. (In Liquidation wef 07/

02/2024) Malaysia

91310000MAC1A

06U80 Macquarie Equipment Trading (Shanghai) Co., Ltd China

63906392 MACQUARIE EQUITIES (US) HOLDINGS PTY. LIMITED Australia

002 574 923 MACQUARIE EQUITIES LIMITED Australia

22
2006/000899/07

Macquarie Equities South Africa Proprietary Limited (In Voluntary Liquidat

ion) South Africa

7713808 Macquarie Euro Limited United Kingdom

6146573 Macquarie European Investment Holdings Limited United Kingdom

HRB 82991 Macquarie European Rail GmbH (in liquidation) Germany

8253782 Macquarie European Rail Limited (in liquidation on 23 October 2024) United Kingdom

202237491H MACQUARIE EV INVESTMENTS PTE. LIMITED Singapore

Macquarie Executive Holdings LLC United States

122169304 MACQUARIE FARM SERVICES PTY LIMITED Australia

26-2864605 Macquarie FG Holdings Inc. United States

U65999MH2009P

TC190863 MACQUARIE FINANCE (INDIA) PRIVATE LIMITED India

106-81-94256 MACQUARIE FINANCE KOREA CO., LTD. Korea, Republic of

124071398 MACQUARIE FINANCIAL LIMITED Australia

95135694 MACQUARIE FINANCIAL PRODUCTS MANAGEMENT LIMITED Australia

Macquarie Focused Emerging Markets Equity ETF United States

HRB 98935 Macquarie Fonds GmbH Germany

HRB 99628 Macquarie Fondsmanagement GmbH Germany

52230658 Macquarie Formosa 1 Co., Ltd.

Taiwan (Province of C

hina)

55667289 Macquarie Formosa Solar Co., Ltd. (In Liquidation 01/03/2024)

Taiwan (Province of C

hina)

127735960 MACQUARIE FUND ADVISERS PTY LIMITED Australia


Macquarie Fund Solutions - Macquarie Emerging Markets Debt Green Op

portunities Fund Luxembourg

1562805-9 MACQUARIE FUNDING 7 LTD. Canada

1562809-1 MACQUARIE FUNDING 8 LTD. Canada

1000746573 MACQUARIE FUNDING 9 LTD. Canada

657826-8 Macquarie Funding Holdings Canada Ltd. Canada

6581935 Macquarie Funding Inc. Canada

Macquarie Funding LLC United States

23.964.702/0001-

90

Macquarie Fundo De Investimento Multimercado Crédito Privado Investi

mento No Exterio

r Brazil

093 177 407 MACQUARIE FUNDS MANAGEMENT HOLDINGS PTY LIMITED Australia

31682176 MACQUARIE FUNDS MANAGEMENT HONG KONG LIMITED Hong Kong

23
201715715W MACQUARIE FUTURES (SINGAPORE) PTE. LIMITED Singapore

20-4193486 Macquarie Futures USA LLC United States

137072112 MACQUARIE FX INVESTMENTS PTY LTD Australia

HRB 82733 Macquarie Germany Holdings GmbH (In Voluntary Liquidation) Germany

128212868 Macquarie GIG Funds Management Limited Australia

Not Registered Macquarie GIG Renewable Energy Fund 3 Parallel Trust Australia

068897C1/GBL

MACQUARIE GLOBAL FINANCE SERVICES (MAURITIUS) LIMITED (In

Deregistration/in Liquidation 27/07/2022) Mauritius

B 276.542 Macquarie Global Infrastructure Fund (EUR Feeder) SCSp Luxembourg

B 277.603 Macquarie Global Infrastructure Fund (JPY Feeder) SCSp Luxembourg

B 276.600 Macquarie Global Infrastructure Fund (USD Feeder) SCSp Luxembourg

5259497 Macquarie Global Investments (UK) Limited (In voluntary Liquidation) United Kingdom

93-1400824 Macquarie Global Listed Infrastructure ETF United States

Macquarie Global Services (USA) LLC United States

U93090DL2007F

TC199006 MACQUARIE GLOBAL SERVICES PRIVATE LIMITED India

MACQUARIE GLOBAL VALUE EQUITY FUND Australia

Macquarie Good Ventures Inc. United States

5718600 Macquarie GP2 Limited United Kingdom

WK-245599 Macquarie Greater China Infrastructure Management Limited Cayman Islands

124071389 MACQUARIE GROUP (US) HOLDINGS NO.1 PTY LTD Australia


MACQUARIE GROUP EMPLOYEE RETAINED EQUITY PLAN (MEREP

Trust) Australia

200412291W MACQUARIE GROUP HOLDINGS (SINGAPORE) PTE. LIMITED Singapore

6357999 Macquarie Group Holdings (UK) No.2 Limited United Kingdom

1952566 MACQUARIE GROUP HOLDINGS NEW ZEALAND LIMITED New Zealand

124071478 MACQUARIE GROUP HOLDINGS NO.3 PTY LTD Australia

11670358 Macquarie Group Investments (UK) No.1 Limited United Kingdom

7438584 Macquarie Group Investments (UK) No.2 Limited United Kingdom

122169279 MACQUARIE GROUP LIMITED Australia

U74999DL2021F

TC375793 Macquarie Group Management (India) Private Limited India

24
CS201909201 MACQUARIE GROUP SERVICES (PHILIPPINES), INC. Philippines

200703288K MACQUARIE GROUP SERVICES (SINGAPORE) PTE. LIMITED Singapore

116467031 MACQUARIE GROUP SERVICES AUSTRALIA PTY LTD Australia

FC027877 MACQUARIE GROUP SERVICES AUSTRALIA PTY LTD (UK BRANCH) United Kingdom

891 855 033 R.C.

S Macquarie Group Services Australia Pty Ltd France France

909027 Macquarie Group Services Australia PTY LTD, Ireland Branch Ireland

637 731 250 MACQUARIE GROUP TREASURY FUNDING PTY LIMITED Australia

656 140 251 Macquarie GT Holdings Pty Limited Australia

388232 Macquarie Holdings (Mexico), S.A. DE C.V. Mexico

200703280D MACQUARIE HOLDINGS (SINGAPORE) PTE. LTD. Singapore

13-3789912 MACQUARIE HOLDINGS (U.S.A.) INC. United States

201714295K

MACQUARIE HOLDINGS 2 (SINGAPORE) PTE. LIMITED (In Liquidation

wef 27/06/2024) Singapore

516871829 Macquarie Holdings Israel Ltd Israel

2006/000891/07 Macquarie Holdings South Africa Proprietary Limited South Africa

36-4307649 MACQUARIE INC. United States

200823500E

MACQUARIE INDIA INFRASTRUCTURE MANAGEMENT HOLDINGS P

TE. LIMITED Singapore

B 279.414 Macquarie Inflation Linked Income Fund Luxembourg GP S.à r.l. Luxembourg

CS201221372 MACQUARIE INFRASTRUCTURE ADVISORY (PHILIPPINES) INC. Philippines

3976881 Macquarie Infrastructure and Real Assets (Europe) Limited United Kingdom

n/a Macquarie Infrastructure and Real Assets (Europe) Limited (Spain) Spain

499 798 742 R.C.

S. Paris Macquarie Infrastructure and Real Assets (Europe) Limited, Paris Branch France

084 32 112

Macquarie Infrastructure and Real Assets (Europe) Limited, Prague branc

h Czech Republic

21233278 Macquarie Infrastructure and Real Assets (Hong Kong) Limited Hong Kong

U67190MH2013P

TC241809 Macquarie Infrastructure and Real Assets (India) Private Limited India

784370-4 Macquarie Infrastructure and Real Assets (Sales) Canada Ltd Canada

25
200513362E

MACQUARIE INFRASTRUCTURE AND REAL ASSETS (SINGAPORE)

PTE. LIMITED Singapore

10640222 Macquarie Infrastructure and Real Assets Core Limited United Kingdom

82018399

MACQUARIE INFRASTRUCTURE AND REAL ASSETS HOLDINGS PT

Y LIMITED Australia

20-8983572 Macquarie Infrastructure and Real Assets Inc. United States

B 209.047

Macquarie Infrastructure and Real Assets Investments (Luxembourg) S.à

r.l. Luxembourg

8248121 Macquarie Infrastructure and Real Assets Investments Limited United Kingdom

39809207

Macquarie Infrastructure and Real Assets Management (Hong Kong) Limi

ted Hong Kong

B138295 Macquarie Infrastructure and Real Assets S.à r.l. Luxembourg

12867138 Macquarie Infrastructure and Real Assets US Holdings Limited United Kingdom

Macquarie Infrastructure Debt Opportunities, LLC United States

Macquarie Infrastructure Developments LLC United States

74311390

MACQUARIE INFRASTRUCTURE FUNDS MANAGEMENT PTY LIMITE

D Australia

5755862 Macquarie Infrastructure GP Limited United Kingdom

201218395M

MACQUARIE INFRASTRUCTURE HOLDINGS (PHILIPPINES) PTE. LIM

ITED Singapore

WK-228075 MACQUARIE INFRASTRUCTURE LIMITED Cayman Islands

112772871 MACQUARIE INFRASTRUCTURE MANAGEMENT (ASIA) PTY LIMITED Australia

T06FC6823A

MACQUARIE INFRASTRUCTURE MANAGEMENT (ASIA) PTY LIMITED

- SINGAPORE BRANCH Singapore

20-0643354 MACQUARIE INFRASTRUCTURE MANAGEMENT (USA) INC United States

1174010-5 Macquarie Infrastructure Partners Canada GP Ltd. Canada

Macquarie Infrastructure Partners II GP LLC United States

30-0777655 Macquarie Infrastructure Partners III GP LLC United States

20-4166306 Macquarie Infrastructure Partners Inc. United States

Macquarie Infrastructure Partners IV GP LLC United States

20-8983572 Macquarie Infrastructure Partners U.S. GP LLC United States

Macquarie Infrastructure Partners V GP, LLC United States

Macquarie Infrastructure Partners VI GP, LLC United States

26
46726 Macquarie Infrastructure Philippines Limited Bermuda

41533 MACQUARIE INFRASTRUCTURE REINSURANCE COMPANY LIMITED Bermuda

B272719 Macquarie Innovative Venture Partners (Lux) S.à r.l. Luxembourg

330937 Macquarie Innovative Vision Fund Manager Limited Cayman Islands

337957 Macquarie Innovative Vision Partners II Limited Cayman Islands

330936 Macquarie Innovative Vision Partners Limited Cayman Islands

200505701K MACQUARIE INSURANCE (SINGAPORE) PTE. LTD. Singapore

B231864 Macquarie Insurance Facility Luxembourg S.à r.l. Luxembourg

92985263 MACQUARIE INTERNATIONAL FINANCE LIMITED Australia

4125302 Macquarie International Holdings Limited United Kingdom

91310000736671

894N

MACQUARIE INTERNATIONAL HOUSING AND LAND CONSULTING (

SHANGHAI) COMPANY LIMITED (In Liquidation 31/08/2023) China

108590996 MACQUARIE INTERNATIONAL INVESTMENTS PTY LIMITED Australia

1802574 Macquarie International Limited United Kingdom

18764141 Macquarie International Services Limited Hong Kong

4957256 Macquarie Internationale Investments Limited United Kingdom

58955530 Macquarie Internet Investments Limited Hong Kong

91110000765502

969R MACQUARIE INVESTMENT ADVISORY (BEIJING) CO LTD China

91310000662467

128L

MACQUARIE INVESTMENT ADVISORY (BEIJING) CO LTD (SHANGHA

I BRANCH) China

91310000MA1K3

1CL4R Macquarie Investment Consulting (Shanghai) Co Ltd. China

91310000MA1FR

21D8P Macquarie Investment Consulting (Shanghai) Co Ltd. (Shanghai Branch) China

112017919 MACQUARIE INVESTMENT HOLDINGS NO.2 PTY LIMITED Australia

122939600 MACQUARIE INVESTMENT HOLDINGS PTY LIMITED Australia

41471 MACQUARIE INVESTMENT MANAGEMENT (BERMUDA) LIMITED Bermuda

23-2859590 Macquarie Investment Management Advisers United States

92552611 MACQUARIE INVESTMENT MANAGEMENT AUSTRALIA LIMITED Australia

FN 171881 t Macquarie Investment Management Austria Kapitalanlage AG Austria

27
N/A Macquarie Investment Management Business Trust United States

9612439 Macquarie Investment Management Europe Limited United Kingdom

41107480

Macquarie Investment Management Europe S.A. Denmark Branch, filial a

f Macquarie Investment Management Europe S.A., Luxembourg Denmark

B62.793 Macquarie Investment Management Europe SA Luxembourg

81-0842539 Macquarie Investment Management General Partner, Inc. United States

086 159 060 MACQUARIE INVESTMENT MANAGEMENT GLOBAL LIMITED Australia

FN 350922 m Macquarie Investment Management Holdings (Austria) GmbH Austria

B222865 Macquarie Investment Management Holdings (Luxembourg) S.à r.l. Luxembourg

604 942 127 MACQUARIE INVESTMENT MANAGEMENT HOLDINGS PTY LIMITED Australia

002 867 003 MACQUARIE INVESTMENT MANAGEMENT LTD Australia

CHE-

283.758.331 Macquarie Investment Management Switzerland GmbH Switzerland

071 745 401 MACQUARIE INVESTMENT SERVICES LIMITED Australia

WK-133809 MACQUARIE INVESTMENTS (SINGAPORE) LIMITED Cayman Islands

4104671 Macquarie Investments (UK) Limited United Kingdom

5582630 Macquarie Investments 1 Limited United Kingdom

5708696 Macquarie Investments 2 Limited (strike off pending) United Kingdom

7012592 Macquarie Investments 3 Limited United Kingdom

69416977 MACQUARIE INVESTMENTS AUSTRALIA PTY LIMITED Australia

HRB 74953 Macquarie Investments Deutschland GmbH Germany

45-2856257 Macquarie Investments US Inc. United States

104-81-76330 MACQUARIE KOREA ASSET MANAGEMENT CO., LTD. Korea, Republic of

91110000717864

826D

MACQUARIE LEASING (CHINA) CO LIMITED (In Liquidation 02/12/2024

) China

5867292 Macquarie Leasing Limited United Kingdom

20-3609362 Macquarie Leasing LLC United States

002 674 982 MACQUARIE LEASING PTY LIMITED Australia

OC363068 Macquarie Lending & Investment Partners LLP United Kingdom

3963773 MACQUARIE LIFE PTY LIMITED Australia

23-2693133 Macquarie Management Holdings, Inc. United States

28
71657006 Macquarie Markets Trading Limited Hong Kong

51142C1/GBL MACQUARIE MAURITIUS INVESTMENTS LIMITED Mauritius

616 486 974 MACQUARIE MEREENIE PTY LIMITED Australia

7361419 Macquarie Meters 3 (UK) Limited United Kingdom

50809018 Macquarie Meters 4 Limited Hong Kong

9794737 Macquarie Meters 5 (UK) Limited United Kingdom

130225222 MACQUARIE MIRA FUND INVESTMENTS PTY LTD Australia

B272746 Macquarie N1 Global Luxembourg GP S.a r.l. Luxembourg

200404077D

MACQUARIE NE HOLDINGS (SINGAPORE) PTE. LIMITED (in liquidatio

n wef 28/11/2016) Singapore

3481018 Macquarie North America Ltd. Canada

Macquarie Nufang US LLC United States

140 135 379 MACQUARIE OFFSHORE SERVICE HOLDINGS PTY LIMITED Australia

129 590 576 MACQUARIE OFFSHORE SERVICES PTY LTD Australia

FS200805155 Macquarie Offshore Services Pty Ltd - Philippine Branch Philippines

26-4389305 Macquarie Opportunities Inc. United States

Macquarie Pelican Inc. United States

Macquarie Pelican Investor LLC United States

Macquarie PF II LLC United States

Macquarie PF Inc. United States

Macquarie PF LLC United States

Macquarie PF Services LLC United States

9995266 Macquarie Physical Commodities UK Limited United Kingdom

83-2987158 Macquarie Physical Commodities, LLC United States

B 278.688 Macquarie Portfolio Financing Fund Luxembourg GP S.à r.l. Luxembourg

201842473W MACQUARIE PRINCIPAL FINANCE ASIA PTE. LIMITED Singapore

629759600 MACQUARIE PRINCIPAL FINANCE PTY LIMITED Australia

FC035740 Macquarie Principal Finance Pty Limited, UK Branch United Kingdom

11667655 Macquarie Principal Finance UK Limited United Kingdom

082 038 328 MACQUARIE PRISM PTY LIMITED Australia

92-2700467 Macquarie Private Fund Advisers United States

625128 Macquarie Products (Ireland) Limited Ireland

B274423 Macquarie Real Assets Investment Platform GP S.à r.l. Luxembourg

26-3872414 MACQUARIE REAL ESTATE ADVISORY SERVICES LLC United States

29
625995324

MACQUARIE REAL ESTATE INVESTMENT HOLDING (AUSTRALIA) P

TY LIMITED Australia

Macquarie Real Estate Investments Holdings (North America), Inc. United States

115524028 MACQUARIE REAL ESTATE MANAGEMENT (AUSTRALIA) LIMITED Australia

Macquarie Real Estate Management (US), LLC United States

616987949 MACQUARIE RENEWABLE ENERGY HOLDINGS PTY LIMITED Australia

26-1386300 MACQUARIE RENEWABLE ENERGY INC United States

Macquarie Renewables Asset Trust Australia

Macquarie Renewables Project Trust Australia

672846-4 Macquarie Resource Capital Canada Ltd. Canada

Macquarie Room 125 Holdings LLC United States

6309906 Macquarie Ropemaker Limited United Kingdom

15027886 MACQUARIE ROTORCRAFT GROUP LIMITED United Kingdom

Macquarie Rotorcraft Holdings (US) Inc. United States

15030922 MACQUARIE ROTORCRAFT HOLDINGS LIMITED United Kingdom

Macquarie Rotorcraft Holdings LLC United States

535266 Macquarie Rotorcraft Leasing (Ireland) Limited Ireland

11697950 Macquarie Rotorcraft Leasing Holdings Limited United Kingdom

70317926 Macquarie Rotorcraft Leasing Services (Hong Kong) Limited Hong Kong

640740 Macquarie Rotorcraft Leasing Services (Ireland) Limited Ireland

11744005 Macquarie Rotorcraft Leasing Services (UK) Limited United Kingdom

2019/234469/10

Macquarie Rotorcraft Leasing Services (UK) Limited (Registered as an ex

ternal Company in South Africa) South Africa

46-3045888 Macquarie Rotorcraft Leasing, Inc. United States

15022721 MACQUARIE ROTORCRAFT LIMITED United Kingdom

2832126 MACQUARIE SECURITIES (AUSTRALIA) LIMITED Australia

91310000664380

35XT

MACQUARIE SECURITIES (AUSTRALIA) LIMITED SHANGHAI REPRE

SENTATIVE OFFICE (In De-registration 01/10/2024) China

1748511 MACQUARIE SECURITIES (NZ) LIMITED New Zealand

105539119915 MACQUARIE SECURITIES (THAILAND) LIMITED Thailand

30
104-81-99444 MACQUARIE SECURITIES KOREA LIMITED Korea, Republic of

2006/023546/07 MACQUARIE SECURITIES SOUTH AFRICA (PTY) LTD South Africa

003 297 336 MACQUARIE SECURITISATION LIMITED Australia

54-2077555 Macquarie Semiconductor and Technology Inc. United States

27230949 Macquarie Semiconductor and Technology Inc. Taiwan Branch

Taiwan (Province of C

hina)

44 Macquarie Septa (Guernsey), LLP Guernsey

LP016856 Macquarie Septa (UK) I, LP United Kingdom

LP016857 Macquarie Septa (UK) II, LP United Kingdom

Macquarie Septa (US) I, LLC United States

Macquarie Septa Aero, LLC United States

18706438 MACQUARIE SERVICES (HONG KONG) LIMITED Hong Kong

388231 MACQUARIE SERVICES (MEXICO), S.A. de C.V. Mexico

608 027 667 MACQUARIE SERVICES PARTNERSHIP PTY LIMITED Australia

CHE-

147.179.326 Macquarie Services SA Switzerland

17733 Macquarie Servicios Electricos de Mexico S. de R.L de C.V. Mexico

11.988.470/001-

21 Macquarie Servicos de Consultoria Limitada Brazil

674385445 MACQUARIE SOLAR FINANCING PTY LIMITED Australia

116 582 524

MACQUARIE SPECIALISED ACCOMMODATION SOLUTIONS PTY LIM

ITED Australia

75295608 MACQUARIE SPECIALISED ASSET MANAGEMENT 2 LIMITED Australia

87382965 MACQUARIE SPECIALISED ASSET MANAGEMENT LTD Australia

9699834 Macquarie Specialised Asset Services Limited United Kingdom

86438995 MACQUARIE SPECIALIST INVESTMENT MANAGEMENT LIMITED Australia


Macquarie Specialized Infrastructure Global 3 (USD) UnLev Onshore Fun

d LP United States


Macquarie Specialized Infrastructure Global 3 (USD) Lev Onshore Fund

LP United States

46-2151809 Macquarie Storage Investments Inc. United States

086 587 635

MACQUARIE STRUCTURED AND SPECIALIST INVESTMENTS HOLDI

NGS PTY LIMITED Australia

65309033 MACQUARIE SYNDICATION (NO.12) PTY LIMITED Australia

93-1369617 Macquarie Tax-Free USA Short Term ETF United States

80218846 MACQUARIE TECHNOLOGY INVESTMENTS PTY LIMITED Australia

31
1460479-2 Macquarie Technology Services (Canada) 2 Ltd. Canada

680639-2 Macquarie Technology Services (Canada) Ltd. Canada

6863285

Macquarie Trade & Asset Finance International Limited (In Liquidation 07/

10/2024) United Kingdom

20-5913622 Macquarie Trading Services Inc. United States

78223382 MACQUARIE TRANSPORTATION FINANCE AUSTRALIA PTY LIMITED Australia

11655793 Macquarie Transportation Finance Limited United Kingdom

HRB 76979 Macquarie Treuvermögen GmbH Germany

8607109 MACQUARIE TWENTIETH AVIATION LEASING PTY. LIMITED Australia

2579363 Macquarie UK Holdings Limited United Kingdom

16027164 Macquarie UK Holdings No.2 Limited United Kingdom

655 531 561 Macquarie UK Holdings Pty Limited Australia

46-1366111 Macquarie US Gas Supply LLC United States

Macquarie US MPIP GP LLC United States

Macquarie US MPIP LP LLC United States

45-2856257 Macquarie US Trading LLC United States

65381847 Macquarie Ventures (Hong Kong) Limited (In Liquidation 28/03/2024) Hong Kong

HRB 131784 Macquarie Verwaltungs GmbH (in liquidation) Germany

Macquarie Waikiki Holdings LLC United States

46-2716036 Macquarie-PowerFin Solar, LLC United States

619 573 643 MAFCA INVESTMENTS PTY LIMITED Australia

672116844 MAFCA2 INVESTMENTS PTY LIMITED Australia

B 222.868 MAIF 2 Executives SCSp Luxembourg

B 215119 MAIF 2 Luxembourg GP S.à r.l. Luxembourg

B 271779 MAIF 3 Executives SCSp Luxembourg

B245842 MAIF 3 Luxembourg GP S.à r.l. Luxembourg

B291373 MAIF 4 Luxembourg GP S.à r.l. Luxembourg

MAM Americas, Inc. United States

863771713 MAM Ashita AMS1 BidCo BV Netherlands

B265917 MAM Ashita EMEA HoldCo S.à r.l. Luxembourg

MAM Co-Invest GP, LLC United States

MAM GIG US Renewable Holdings, Inc. United States

B 271.073 MAPIF Luxembourg GP S.à r.l. Luxembourg

Market Street CLO LLC I United States

32
415097 Market Street CLO Ltd. I Cayman Islands

13743697 Maryland Topco Limited United Kingdom

9011066 Matrix Networks (Holdings) Limited United Kingdom

11227977 Matrix Networks Group Limited United Kingdom

6024071 Matrix Networks Limited United Kingdom

11279990 Matrix Networks Trustee Limited United Kingdom

14340098 Matrix Water Limited United Kingdom

MBL COVERED BOND TRUST Australia

26-1386300 MCP Solar Assets Partners I LLC United States

26-2282798 MCP Solar Assets Partners II LLC United States

76861646 MCTC Investments Holdings (Hong Kong) Limited Hong Kong

411574 MCTC Investments Holdings GP Ltd. Cayman Islands

Medical Student Loan Trust United States

Megavolt Borrower, LLC United States

33-3070974 Megavolt Parent, LLC United States

Megavolt Pledgor, LLC United States

4866246 MEIF (UK) Limited United Kingdom

SL029421 MEIF 5 Executives LP United Kingdom

61582 MEIF 5 Guernsey GP Limited Guernsey

B 205.045 MEIF 5 Luxembourg GP S.à r.l. Luxembourg

B 230.098 MEIF 6 Executives SCSp Luxembourg

B224086 MEIF 6 Luxembourg GP S.à r.l. Luxembourg

69775 MEIF 6 N2 GP Limited Guernsey

B294110 MEIF 7 Earth Co-Invest SCSp Luxembourg

B271939 MEIF 7 Executives SCSp Luxembourg

B256935 MEIF 7 Luxembourg GP S.à.r.l. Luxembourg

METI GP, LLC United States

METI TE Feeder, L.P. United States

MGECO Holdings US GP, LLC United States

B274722 MGECO Luxembourg GP S.a r.l. Luxembourg

B285454 MGECO SC 2 S.à r.l. Luxembourg

B285764 MGECO SC 3 S.à.r.l. Luxembourg

MGETS DELAWARE GP, LLC United States

MGETS ECI Executives, L.P. United States

MGETS Executives Blocker, L.P. United States

B283856 MGETS Executives SCSp Luxembourg

B252024 MGETS Luxembourg GP S.à r.l. Luxembourg

B284069 MGETS Sophisticated Staff Investors Feeder SCSp Luxembourg

61686 MGIDF Guernsey GP Limited Guernsey

33
B250906 MGIF Luxembourg GP S.à r.l. Luxembourg

9299753 MGREF 1 GP Limited United Kingdom

B233863 MGREF 2 Luxembourg GP S.à r.l. Luxembourg

58972 MIDF UK1 GUERNSEY GP LIMITED Guernsey

7 MIDF UK1 LLP Guernsey

59027 MIDF UK1B GUERNSEY GP LIMITED Guernsey

61687 MIDF UK2 Guernsey GP Limited Guernsey

202308675C MIEP SG Management Pte. Ltd. Singapore

HRB 121454 MIF Holdings GmbH Germany

10140440 MIF Holdings Limited United Kingdom

20-8723490 MIF US Investment Holdings LLC United States

MIGS (ECI) GP, LLC United States

MIGS II (ECI) GP, LLC United States

MIHI Boxwood Sponsor, LLC United States

13-3789912 MIHI LLC United States

38-3938360 MIP III (ECI) GP LLC United States

MIP IV (Canada) GP, LLC United States

MIP IV (ECI) Australian Executives, G.P. United States

MIP IV (ECI) Carry, L.P. United States

MIP IV (ECI) Executives, L.P. United States

MIP IV (ECI) Global Executives, L.P. United States

MIP IV (ECI) GP, LLC United States

MIP IV Executives, L.P. United States

B 213.745 MIP IV Luxembourg GP S.à r.l. Luxembourg

MIP V (ECI) EXECUTIVES, L.P. United States

MIP V (ECI) Global Executives, L.P. United States

MIP V (ECI) GP, LLC United States

MIP V Executives, L.P. United States

B241810 MIP V Luxembourg GP S.à r.l. Luxembourg

MIP VI (ECI) GP, LLC United States

B267686 MIP VI Luxembourg GP S.à r.l. Luxembourg

82-1252911 MIRA Infrastructure Global Solution GP LLC United States

MIRA Infrastructure Global Solution II GP, LLC United States

62697 MIRA UK Gas Holdings GP Limited Guernsey

Mirova Global Sustainable Equity No. 2 Fund (Hedged) Australia

10480217 Moorgate PL Holdings Limited United Kingdom

MPC Americas, LLC United States

MPF Boca Investor LLC United States

MPF Delaware 1 General Partner, LLC United States

34
14972535 MPF General Partner 1 Limited United Kingdom

MPF Greenwich Lender LLC United States

8499211 MPF Nominees Limited United Kingdom

MPF Oxford Thompson Holding LLC United States

MPF Oxford Thompson Property LLC United States

7317376 MPF PARKING HOLDINGS NZ LIMITED New Zealand

7320380 MPF PARKING NZ LIMITED New Zealand

MPF Thompson Investor LLC United States

MPF Vanderbilt Boca Holding LLC United States

MPF Vanderbilt Boca PropCo Parent LLC United States

MPF Vanderbilt Boca Property II LLC United States

MPF Vanderbilt Boca Property LLC United States

12341536 MPRC Europe Ltd United Kingdom

MQ Car Park, LLC United States

600550 MQ PPP Investments Ireland GP Limited Ireland

U51909MH2012F

TC226545 MQG Commodities (India) Private Limited India

B 294050 MREP Blocked Executives SCSp Luxembourg

MREP Blocked Staff Investors SCSp Luxembourg

MREP Executives Aggregator SCSp Luxembourg

B262005 MREP GP S.à.r.l. Luxembourg

B 284816 MREP Lodge Co-Invest GP S.à r.l. Luxembourg

B 294048 MREP Sophisticated Staff Investors Feeder SCSp Luxembourg

B 214.067 MSCIF Luxembourg GP S.à r.l. Luxembourg

MSIG 3 (USD) Lev General Partner LLC United States

MSIG 3 (USD) Lev Offshore Fund US Blocker LLC United States

MSIG 3 (USD) UnLev General Partner LLC United States

MSIG 3 (USD) UnLev Offshore Fund US Blocker LLC United States

33-3099444 MSOF Megavolt Partners, L.P. United States

MSOF US GP, LLC United States

8000428 MTech IT (Leeds) Limited United Kingdom

124335333 MTF HOLDINGS PTY LIMITED (IN DE-REGISTRATION) Australia

7789756 Murrow AD Plant Ltd United Kingdom

B-88404819 NARA ES SOLAR 11 S.L Spain

B-88404835 NARA ES SOLAR 12 S.L. Spain

B-88404868 NARA ES SOLAR 13 S.L. Spain

B-88405220 NARA ES SOLAR 18 S.L. Spain

35
B-88255682 NARA ES SOLAR 21 S.L. Spain

B-88532213 NARA ES SOLAR 23 S.L. Spain

B-88532437 NARA ES SOLAR 25 S.L. Spain

B-88576566 NARA ES SOLAR 26 S.L. Spain

B-88576616 NARA ES SOLAR 27 S.L. Spain

B-88576681 NARA ES SOLAR 28 S.L. Spain

B-88577044 NARA ES SOLAR 29 S.L. Spain

B-88577069 NARA ES SOLAR 30 S.L. Spain

B-02964583 NARA ES SOLAR 31 S.L. Spain

B-02964591 NARA ES SOLAR 32 S.L. Spain

B-02965200 NARA ES SOLAR 33 S.L. Spain

B-02966364 NARA ES SOLAR 34 S.L. Spain

B-02965549 NARA ES SOLAR 35 S.L. Spain

B-06819940 NARA ES SOLAR 36 S.L. Spain

B-06819643 NARA ES SOLAR 37 S.L. Spain

B-06819221 NARA ES SOLAR 38 S.L. Spain

B-06820187 NARA ES SOLAR 39 S.L. Spain

B-06820286 NARA ES SOLAR 40 S.L. Spain

B-06820815 NARA ES SOLAR 41 S.L. Spain

B-06820609 NARA ES SOLAR 42 S.L. Spain

B-16851826 NARA ES SOLAR 43 S.L. Spain

B-16852022 NARA ES SOLAR 44 S.L. Spain

B-16852113 NARA ES SOLAR 45, S.L. Spain

B-16852642 NARA ES SOLAR 46 S.L. Spain

B-16852519 NARA ES SOLAR 47 S.L. Spain

B-67749945 NARA ES SOLAR 48 S.L. Spain

B-67749523 NARA ES SOLAR 49 S.L. Spain

B-67748798 NARA ES SOLAR 50 S.L. Spain

B-10549319 NARA ES SOLAR 51, S.L. Spain

B-10549749 NARA ES SOLAR 52 S.L. Spain

B-10568434 NARA ES SOLAR 53, S.L Spain

B-10568533 NARA ES SOLAR 54, S.L. Spain

B-10568640 NARA ES SOLAR 55 S.L. Spain

B-44695633 NARA ES SOLAR 56 S.L. Spain

B-44696540 NARA ES SOLAR 57 S.L. Spain

B-44695823 NARA ES SOLAR 58 S.L. Spain

B-44696342 NARA ES SOLAR 59 S.L. Spain

B-88380373 NARA ES SOLAR 6 S.L. Spain

B-44696672 NARA ES SOLAR 60 S.L. Spain

B16386567 NARA ES Solar 61 S.L. Spain

B16387961 NARA ES Solar 62 S.L. Spain

B16388167 NARA ES Solar 63 S.L. Spain

B16388357 NARA ES Solar 64 S.L. Spain

B16388522 NARA ES Solar 65 S.L. Spain

B-88380480 NARA ES SOLAR 7 S.L. Spain

B-88380738 NARA ES SOLAR 9 S.L. Spain

835048729 R.C.S

. Bordeaux Nara Sola

r France S.A.R.L. France

36
857902210 Nara Solar NL B.V. Netherlands

H M684300 T384

71 F 158 Nara Solar, S.L. Spain

U40300TG2014P

TC094049 Natems Renewables Energy Pvt Ltd India

U40102TG2014P

TC094073 Natems Sola

r Power Pvt Ltd India

3785182 Net Technical Solutions Limited United Kingdom

4090144 Netmetix Limited United Kingdom

5629960 Neustro Consulting Limited United Kingdom

5446106 Neuways Limited United Kingdom

B132283 New World Gaming International S.a.r.l Luxembourg

Newton Solar SPV I LLC United States

11909504

Nordic Renewable Power Holdings (UK) Limited (in liquidation on 19 Dec

ember 2024) United Kingdom

13788742 NORGH HOLDING COMPANY LIMITED (in liquidation from 25 11 2024) United Kingdom

900275 NRG 1 spółka z ograniczoną odpowiedzialnością Poland

927704 NRG 10 spółka z ograniczoną odpowiedzialnością Poland

927663 NRG 11 spółka z ograniczoną odpowiedzialnością Poland

927650 NRG 12 spółka z ograniczoną odpowiedzialnością Poland

927739 NRG 13 spółka z ograniczoną odpowiedzialnością Poland

927667 NRG 14 spółka z ograniczoną odpowiedzialnością Poland

927708 NRG 15 spółka z ograniczoną odpowiedzialnością Poland

927647 NRG 16 spółka z ograniczoną odpowiedzialnością Poland

927692 NRG 17 spółka z ograniczoną odpowiedzialnością Poland

927660 NRG 18 spółka z ograniczoną odpowiedzialnością Poland

9671449967 NRG 19 spółka z ograniczoną odpowiedzialnością Poland

900081 NRG 2 spółka z ograniczoną odpowiedzialnością Poland

9671450060 NRG 20 spółka z ograniczoną odpowiedzialnością Poland

927687 NRG 23 spółka z ograniczoną odpowiedzialnością Poland

900083 NRG 3 spółka z ograniczoną odpowiedzialnością Poland

927646 NRG 4 spółka z ograniczoną odpowiedzialnością Poland

927740 NRG 5 spółka z ograniczoną odpowiedzialnością Poland

927716 NRG 6 spółka z ograniczoną odpowiedzialnością Poland

927712 NRG 7 spółka z ograniczoną odpowiedzialnością Poland

927741 NRG 8 spółka z ograniczoną odpowiedzialnością Poland

37
927718 NRG 9 spółka z ograniczoną odpowiedzialnością Poland

803 529 221 R.C.

S. Bordeaux NS France 1 France

889 459 905 NS France 10 France

889 352 555 NS France 12 France

908 370 430 NS France 13 France

908 365 448 NS France 14 France

908 365 604 NS France 16 France

908 366 115 R.C.

S. Bordeaux NS France 19 France

908 366 172 R.C.

S. Bordeaux NS France 20 France

908 366 248 R.C.

S. Bordeaux NS France 21 France

908 366 297 R.C.

S. Bordeaux NS France 22 France

919 893 305 R.C.

S. Bordeaux NS France 23 France

919 893 396 R.C.

S Bordeaux NS France 24 France

919 893 487 R.C.

S Bordeaux NS France 25 France

920 041 761 R.C.

S. Bordeaux NS France 26 France

919 893 529 R.C.

S Bordeaux NS France 27 France

953 727 955 R.C.

S. Bordeaux NS France 28 France

953 732 864 R.C.

S. Bordeau NS France 29 France

953 731 064 R.C.

S. Bordeaux NS France 30 France

953 730 421 R.C.

S. Bordeaux NS France 31 France

953 741 246 R.C.

S. Bordeaux NS France 32 France

931 605 703 R.C.

S. Bordeaux NS France 33 France

931 608 558 R.C.

S. Bordeaux NS France 34 France

931 613 780 R.C.

S. Bordeaux NS FRANCE 35 France

931 621 627 R.C.

S. Bordeaux NS FRANCE 36 France

931 622 146 R.C.

S. Bordeaux NS France 37 France

889 121 968 NS France 5 France

889 352 746 NS France 7 France

889 352 811 NS France 8 France

889 353 025 NS France 9 France

B-88092036 ODOURI SOLAR S.L. Spain

27-4650575 OLF, LLC United States

26-33383464 One Call Debt Help LLC United States

84-3184450 One Shot Reliability, LLC United States

U74999TN2017F

TC115506 Onsight Analytics Solutions India Private Limited India

9266454 OnTech IT Limited United Kingdom

636312644 ONYX INSIGHT AUSTRALIA PTY LTD Australia

686-81-00064 Onyx Insight Korea Co.,Ltd. Korea, Republic of

T. 42302, F. 184,

H. M-748897 Onyx Insight Spain, S.L. Spain

38
202432836K Orchestra Management G1 Pte. Ltd. Singapore

14044571 OSW Investments Japan JVCo 2 Limited United Kingdom

14043366 OSW Investments R4 JVCo (UK) Limited United Kingdom

13794983 OSW Investments Taiwan JVCo 1 Limited United Kingdom

13796726 OSW Investments Taiwan JVCo 2 Limited United Kingdom

13797421 OSW Investments Taiwan JVCo 3 Limited United Kingdom

C1301147 OutdoorSmart! Inc. Canada

42541265 Pakaa HoldCo ApS Denmark

B-06922413 Palatium New Energy, S.L. Spain

628 898 153 PATHWAY INVESTMENTS AUSTRALIA PTY LIMITED Australia

Pelican Bidco LLC United States

Pelican Blocker Corporation United States

Pelican Investor Holdings LLC United States

66 531 917 920 PELICAN WAREHOUSE TRUST NO.1 Australia

12725744 Pembroke Green Limited United Kingdom

B-06922447 Petra New Energy, S.L. Spain

752614982 Petro Tradelinks Inc. United States

13843650 Philippines OSW Investments Limited United Kingdom

202121888K Phil-Tower Holdings Pte. Ltd. Singapore

12023482 Poland Wind HoldCo Limited United Kingdom

617 378 006 Polaris Global Equity Fund (Hedged) Australia

B-06922462 Polenta New Energy, S.L. Spain

Procentrix, LLC United States

603672975 PROPERTYIQ PTY LIMITED Australia

U40200TG2018F

TC125773 Proteus Energy Pvt Ltd India

9120009631109 PT MACQUARIE SEKURITAS INDONESIA Indonesia

202123406C PTCI Holdings Pte. Ltd. Singapore

Not registered PUMA Series 2014-4P Australia

PUMA Series 2015-1 Australia

PUMA Series 2015-2P Australia

PUMA SERIES 2015-3 Australia

PUMA Series 2017-1 Australia

PUMA Series 2019-1 Australia

PUMA Series 2021-1P Trust Australia

PUMA Series 2021-2 Trust Australia

PUMA Series 2022-1 Trust Australia

PUMA Series 2023-1 Trust Australia

PUMA Series 2024-1 Trust Australia

PUMA Series 2024-2 Trust Australia

PUMA Series 2025-1 Trust Australia

PUMA Series R Trust Australia

PUMA Series W Trust Australia

39
PUMA SUBFUND B-1 Australia

654223 Purple Investco PPP Limited Ireland

5273786 Quostar Solutions Limited United Kingdom

12517501 Rayleigh Green Limited United Kingdom

15092424 Redini Bidco Limited United Kingdom

15091334 Redini Midco Limited United Kingdom

15120002 Redini Parentco Limited United Kingdom

15088338 Redini Topco Limited United Kingdom

26-4203808 Regal Capital Group, LLC United States

15457854 ReGas UK Holdings Limited United Kingdom

671734071 REGINETTI HOLDINGS PTY LIMITED Australia

13515008 Renewables HoldCo Limited United Kingdom

U40108TG2014P

TC095876 Repal Green Powe

r Pvt Ltd India

U40102TG2014P

TC094845 Repal Renewables Pvt Ltd India

DMCC29287 Resolution IT MEA DMCC United Arab Emirates

CMP47096 Resolution IT Limited Guernsey

200921086K RESOURCE MARINE PTE. LIMITED Singapore

114 594 080 REVERSE MORTGAGE SERVICES PTY LTD Australia

827776 RIBOLLA SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ Poland

630706 Rijn InvestCo PPP Ireland GP Limited Ireland

MC-25427 ROC Asia Pacific Private Equity Offshore Fund, L.P. Cayman Islands

827762 ROSELLE SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ Poland

198-81-02129 SAHA OFFSHORE WIND POWER CO., LTD. Korea, Republic of

Samphire CH Trust Australia

646786941 SAMPHIRE CHCO PTY LIMITED Australia

646765031 SAMPHIRE HOLDCO PTY LIMITED Australia

Samphire Partner Trust Australia

646791620 SAMPHIRE PARTNERCO PTY LIMITED Australia

B-06922488 Sandala New Energy, S.L. Spain

Savion Module Supply Support Provider, LLC United States

622786 Scheldt Investco PPP Ireland GP Limited Ireland

92-1250108 SCS Transmission Services LLC United States

SE Health LLC United States

SE Health Member LLC United States

SE Health Trust United States

13525889 Sea Lion Wind HoldCo Limited United Kingdom

622787 Shannon Investco PPP Ireland GP Limited Ireland

40
Sierra-KBMP, LLC United States

627 172 445 SKYLIGHT DEV CO PTY LIMITED Australia

627 172 490 SKYLIGHT MID CO PTY LIMITED Australia

SKYLIGHT MID TRUST Australia

627172543 SKYLIGHT PROJECT CO PTY LIMITED Australia

SKYLIGHT PROJECT TRUST Australia

SKYLIGHT RETAIL NORTH SUB TRUST Australia

627172589 SKYLIGHT RN PTY LIMITED Australia

SMART ABS Series 2022-1P Trust Australia

SMART ABS Series W Trust Australia

SMART ABS SERIES W2 TRUST Australia

SMART ABS SERIES W3 Trust Australia

SMART B Trust Australia

16769431004 Smeraldo New Energy S.R.L. Italy

1985150893 SOL PV 1 S.R.L. Italy

10481790961 Solar Italy III S.R.L. Italy

10482220968 Solar Italy VI S.R.L. Italy

11788560 Sole Renewables Italy Limited United Kingdom

11729534 Sole Renewables Limited United Kingdom

8128232 Somerset Farm (East Anglia) Ltd United Kingdom

12068057 Sonne (Italy) Holdings Limited United Kingdom

15514680 Sota Investments (UK) HoldCo Limited United Kingdom

Not registered Southern Ocean Offshore Wind Asset Trust Australia

Not Registered Southern Ocean Offshore Wind Hold Trust Australia

655049504 SOUTHERN OCEAN OFFSHORE WIND INVESTMENT PTY LTD Australia

Not registered Southern Ocean Offshore Wind Investment Trust Australia

655049595 SOUTHERN OCEAN OFFSHORE WIND PROJECT CO PTY LTD Australia

655049693 SOUTHERN OCEAN OFFSHORE WIND PTY LTD Australia

13843476 Southern Ocean Offshore Wind UK HoldCo Limited United Kingdom

648 267 234 SPECIALISED ACCOMMODATION SOLUTIONS PTY LIMITED Australia

Specialty Finance Holdings, Inc. United States

Sportsman Tracker, Inc. United States

10707700968 SR Augusta S.R.L. Italy

10707690961 SR Bari S.R.L. Italy

10707680962 SR Project 1 S.R.L. Italy

10706920963 SR Project 5 S.R.L. Italy

41
10706730966 SR San Giuseppe S.R.L. Italy

10706720967 SR Taranto S.R.L. Italy

10706710968 SR Torino S.R.L. Italy

10706700969 SR Trapani S.R.L. Italy

13639535 Steep Housing Holdings Limited United Kingdom

34298324 Stichting Security Trustee E-MAC DE 2009-I Netherlands

159285901000 Storage Ventures Single Member Private Company Greece

20-8538333 Substation Concrete Services, LLC United States

Summerset Intermediate Holdings 2 LLC United States

164223301000 Sunrider Holdings Single Member Societe Anonyme Greece

145646406000 Sunrider Single Member Societe Anonyme Greece

91441900MA7G

DQQP66 Sustainable Feedstocks Group Guangdong Limited China

13531506 Sustainable Feedstocks Group Limited United Kingdom

159672001000 Sustainable Ventures 10 Single Member Private Company Greece

159682501000 Sustainable Ventures 11 Single Member Private Company Greece

B-06922454 Talaria New Energy, S.L. Spain

12428321 Taranis Bidco Limited United Kingdom

12412264 Taranis Midco Limited United Kingdom

12415435 Taranis Parentco Limited United Kingdom

12409681 Taranis Topco Limited United Kingdom

U40300TG2020F

TC140936 Tasoula Energy Private Limited India

37-1750174 Tax Ease Company LLC United States

20-2937172 Tax Ease Employee Services Company LLC United States

75-3130882 Tax Ease Financial Services, LP United States

41-2228674 Tax Ease FL REO, LLC United States

75-3130887 Tax Ease Funding GP LLC United States

90-0909796 Tax Ease Funding Two, LLC United States

20-2937047 Tax Ease Holdings LLC United States

20-2937080 Tax Ease Lien Investments 1, LLC United States

26-4377481 Tax Ease Lien Servicing, LLC United States

20-2937103 Tax Ease Ohio, LLC United States

TAX EASE ROLLUP LLC United States

655672254 TC AKARUA 1 PTY LIMITED Australia

624 520 556 TC AKARUA 2 PTY LIMITED Australia

WC-374858 TC Feeder GP Ltd Cayman Islands

202105903W TC Singapore Holdings GP Pte Ltd Singapore

202132829Z TCK Holdings 1 GP Pte. Ltd. Singapore

Tech and Energy Transition Corporation United States

42
Tech and Energy Transition Sponsor LLC United States

15479625 Teesside Flexible Holdings Limited United Kingdom

15495160 Teesside Flexible ReGas Port Limited United Kingdom

7784624 Tekkers IT Solutions Ltd (in liquidation) United Kingdom

12035922 Tenacity Capital Limited United Kingdom

14256032 The Caelum Way Limited United Kingdom

IT1935/08 THE MACQUARIE TOPI40 INVESTMENT TRUST South Africa

13167752 Thetis TopCo Limited United Kingdom

B-88282181 Ticopa Servicios Empresariales, S.L. Spain

16245141003 Topazio New Energy S.R.L. Italy

12159282 Tornado Acquisitions Bidco Limited United Kingdom

12156815 Tornado Acquisitions Midco Limited United Kingdom

12157015 Tornado Acquisitions Parentco Limited United Kingdom

12156673 Tornado Acquisitions Topco Limited United Kingdom

TRAMS ABS Series 2015-1 Australia

12993812 Treglown Bidco Limited United Kingdom

12987770 Treglown Topco Limited United Kingdom

2764070906 Trisol 81 S.r.l. Italy

2764090904 Trisol 82 S.r.l. Italy

1782120 Tristone Capital SA (Argentine Branch) Argentina

2012712838 Tristone Capital SA Ltd Canada

Turn Investor Holdings, LLC United States

7064975 UK Gas Transportation Limited United Kingdom

SC424067 UK Green Investment Bank Limited United Kingdom

9568027 UK Green Investment Climate International Limited United Kingdom

6339585 UK Power Distribution Limited United Kingdom

661644 UK PPP Transportation No 3 Limited Ireland

858428325 UNL Solar 10 B.V. Netherlands

858428301 UNL Solar 11 B.V. Netherlands

858428283 UNL Solar 12 B.V. Netherlands

858428337 UNL Solar 13 B.V. Netherlands

858428490 UNL Solar 14 B.V. Netherlands

858428428 UNL Solar 15 B.V. Netherlands

858427771 UNL Solar 16 B.V. Netherlands

858428556 UNL Solar 17 B.V. Netherlands

858428544 UNL Solar 19 B.V. Netherlands

858427151 UNL Solar 2 B.V. Netherlands

858428222 UNL Solar 3 B.V. Netherlands

858428209 UNL Solar 4 B.V. Netherlands

858427588 UNL Solar 5 B.V. Netherlands

43
858428234 UNL Solar 6 B.V. Netherlands

858428830 UNL Solar 7 B.V. Netherlands

858427655 UNL Solar 8 B.V. Netherlands

858428374 UNL Solar 9 B.V. Netherlands

63193558 Urja Seventh B.V. (in liquidation 28 January 2025) Netherlands

3705740 Utility Metering Services Limited United Kingdom

B-88164017 VALDEBATAN SOLAR S.L. Spain

12980402 Vanadium Holdco Limited United Kingdom

U40100TG2021F

TC157349 VEH Aarush Renewables Private Limited India

U35105TS2023F

TC177997 VEH ADVIK ENERGY PRIVATE LIMITED India

U40200TG2022F

TC163766 VEH Aelius Energy Private Limited India

U35105TS2023F

TC172706 VEH ANSHU POWER PRIVATE LIMITED India

U40200TG2022F

TC163122 VEH Cyra Energy Private Limited India

U35105TS2023F

TC173479 VEH DAMEN POWER PRIVATE LIMITED India

U35105TS2023F

TC178469 VEH ELITE ENERGY PRIVATE LIMITED India

U35105TS2023F

TC172708 VEH ENER CREST POWER PRIVATE LIMITED India

U35105TS2023F

TC179158 VEH FUSION RENEWABLES PRIVATE LIMITED India

U40102TG2015F

TC097559 VEH Global India Pvt Ltd India

U35105TS2023F

TC178875 VEH GREEN AURA PRIVATE LIMITED India

U40106TG2022F

TC163085 VEH Green Energy Private Limited India

U40300TG2022F

TC153468 VEH Green Energy Solutions Private Limited India

U35105TS2023F

TC173265 VEH GREEN PLEDGE POWER PRIVATE LIMITED India

U40106TG2022F

TC163236 VEH Greencrest Energy Private Limited India

U40109TG2022F

TC165493 VEH Infinite Green Source Private Limited India

U40100TG2021F

TC157117 VEH Jayin Renewables Private Limited India

U40106TG2021F

TC157202 VEH Mitra Energy Private Limited India

U40108TG2022F

TC163208 VEH Pavan Urja Private Limited India

U35105TS2023F

TC173405 VEH POWER NIRMAN PRIVATE LIMITED India

U40108TG2022F

TC163205 VEH Radiant Energy Private Limited India

U40106TG2021F

TC157036 VEH Renewables Private Limited India

U40107TG2022F

TC166088 VEH Sau

r Urja Private Limited India

U40106TG2022F

TC163520 VEH Solano Sola

r Power Private Limited India

U35105TS2023F

TC171081 VEH Solis Energy Private Limited India

U40106TG2021F

TC156436 VEH Srishti Energy Private Limited India

44
U40300TG2021F

TC157482 VEH Surya Energy Private Limited India

U40106TG2022F

TC165492 VEH Sustainable Energy Solutions Private Limited India

U35105TS2023F

TC171241 VEH Taiyo Energy Private Limited India

U35105TS2023F

TC174260 VEH UJJAVAL ENERGY RENEWABLES PRIVATE LIMITED India

U35105TS2023F

TC177966 VEH ULTRAWAVE PRIVATE LIMITED India

U35105TS2023F

TC173317 VEH URJA PRIVATE LIMITED India

U35105TS2023F

TC179110 VEH VIVID POWER PRIVATE LIMITED India

U40100TG2022F

TC165603 VEH Wind Energy Private Limited India

15326776 Ventus Sensing Limited United Kingdom

B42869222 Viana Do Bolo Energy S.L. Spain

202235442D Vibrant Energy Holdings Company One Pte. Ltd. Singapore

202235443N Vibrant Energy Holdings Company Two Pte. Ltd. Singapore

201544292E Vibrant Energy Holdings Pte. Ltd. Singapore

201610864Z Vibrant Energy India Pte. Ltd. Singapore

2021020007075-

00 VIND ENERGY CORP. Philippines

90-0423397 W & R Corporate LLC United States

51-0261715 Waddell & Reed Financial, Inc. United States

43-1244426 Waddell & Reed Services Company United States

173818336000 WattCrop Energy Storage Single Member S.A. Greece

151637036000 WattCrop Hellas I.K.E Greece

13433898 Wattcrop Projects UK Limited United Kingdom

WaveCrest Energy Services, LLC United States

WaveCrest Energy, LLC United States

WCE Holdings, LLC United States

Whole Loan Trust United States

Wholesale DC Asset Holdings LLC United States

WI RNG EN LLC United States

WI RNG Hub North HoldCo LLC United States

85-2105927 WI RNG Hub North LLC United States

WI RNG MB LLC United States

WI RNG VDG LLC United States

54813080 WOODROSS NOMINEES PTY. LIMITED Australia

Woodway Bluebonnet Pipeline LLC United States

Woodway Energy Infrastructure LLC United States

Woodway Holdings LLC United States

Woodway Management Holdings LLC United States

45
Woodway Management LLC United States

Woodway Midstream Holdings LLC United States

Woodway Texas Coleto Connector LLC United States

Woodway Texas Pipeline LLC United States

12726341 Wylfa Green Limited United Kingdom

127338783 YENDON WINDFARM PTY LTD (IN DE-REGISTRATION) Australia

1449995 Yorkton Capital Partners II Inc. Canada

1430727 Yorkton Capital Partners Inc. Canada

763231 Young Energy Holding Company Limited Ireland

14044244 Young OSW JVCo Limited United Kingdom

B-88052105 YUBARI SOLAR, S.L. Spain

665216419 Zenzero Australia Pty Ltd Australia

202463725 Zenzero EOOD Bulgaria

3313680 Zenzero Solutions Limited United Kingdom

2018/432891/07 Zenzero Technologies (PTY) Limited South Africa


















46
ANNEXURE B

Block Trade Agreement

47
CONFIDENTIAL


19 March 2025


By email

The Board of Directors

Z Energy Limited

3 Queens Wharf

Wellington Central

Wellington 6011


Dear Directors

UNDERWRITTEN SALE OF SECURITIES IN CHANNEL INFRASTRUCTURE NZ

LIMITED INTRODUCTION

A. This letter agreement sets out the terms and conditions upon which Z

Energy Limited (the "Seller") engages Macquarie Securities (NZ) Limited

(the "Underwriter") to underwrite, sell and manage the disposal of

51,960,374 fully paid ordinary shares in Channel Infrastructure NZ Limited

(the "Company") (the "Sale Shares" and the "Sale").


B. The Underwriter (itself and/or through any of its Affiliates) agrees to

underwrite, sell and manage the disposal of the Sale Shares in

accordance with the terms of this Agreement.


AGREEMENT


1. UNDERWRITTEN SALE OF SALE SHARES


1.1 Underwrite:


(a) The Seller agrees to sell the Sale Shares in accordance with this

Agreement and the timetable set out in Schedule 1 (the

"Timetable"). The Timetable may only be amended by the Seller

with the agreement of the Underwriter.


(b) The Underwriter agrees to manage the sale of the Sale Shares

by using its best endeavours to procure purchasers for the Sale

Shares at or above a floor price of NZ$1.78 per Sale Share

(being the "Floor Price") by conducting a variable price

bookbuild process (the "Bookbuild") in accordance with the

Timetable.


(c) Subject to clause 7 (Events of Termination), the Underwriter

agrees to underwrite and guarantee the sale of any Sale Shares

48
not taken up as part of the Bookbuild under clause 1.1(b) (the

"Shortfall Shares") by purchasing each of the Shortfall Shares

from the Seller at the Floor Price.


1.2 Sale Price


(a) The Underwriter agrees to seek to maximise the price (“Sale

Price”) of all the Sale Shares that are to be sold under the variable

price Bookbuild (provided that, and for the avoidance of doubt, the

Underwriter will only be required to subscribe for any Shortfall

Shares at the Floor Price).


(b) The Sale Price will not be set:


(i) higher than the price at which the Underwriter has received

binding and bona fide offers from investors for all of the

Sale Shares which, in the reasonable opinion of the

Underwriter, are capable of acceptance and will, if accepted,

result in the formation of binding agreements for the sale of

all of the Sale Shares; or


(ii) lower than the Floor Price.


1.3 Updates: The Underwriter agrees to provide the Seller with updates in

relation to the progress of the Bookbuild including:


(a) Bookbuild messaging released to investors throughout the

Bookbuild;


(b) the details of the orders, including sizes of orders, coverage ratios

at different prices, the price of any orders and/or any price limits

associated with such orders and the time of the orders; and


(c) such other information as reasonably requested by the Seller from

time to time.


1.4 Bookbuild and Bloomberg: The Seller's prior written approval is required

in respect of any Bloomberg and any other marketing material for the

Bookbuild, such approval not to be unreasonably withheld or delayed.


1.5 Manner of Sale: The Underwriter will conduct the Sale by way of an offer

only:


(a) in accordance with all applicable laws in any jurisdiction

including the Financial Markets Conduct Act 2013 (the "FMCA"),

49
the Takeovers Regulations 2000 (the "Takeovers Code") and

the Overseas Investment Act 2005 (the "OIA"), provided that

the Underwriter will not be in breach of this sub-paragraph (a)

to the extent any breach is caused by: (i) an act or omission by

the Seller, or its Affiliates, officers, employees or

representatives which constitutes a breach by the Seller of its

representations and warranties in clause 4.1 and undertaking in

clause 3.1 or (ii) a breach by an investor of its undertakings,

representations and warranties described in clause 1.6;


(b) to persons, and by way of transactions, in New Zealand in

compliance with the FMCA;


(c) to persons, and by way of transactions, in Australia, that do not

need a prospectus or other disclosure document (including

disclosure under Part 6D.2 of the Corporations Act) or any other

lodgement, delivery, registration or filing with, or approval by, a

government agency; and

(d) if outside Australia and New Zealand, to persons, and by way of

transactions, to whom offers for sale of securities may lawfully be

made without requiring the preparation, delivery, lodgement or

filing of any prospectus or other disclosure document or any other

lodgement, registration or filing with, or approval by, a

government agency (other than any such requirement with which

Seller, in its sole and absolute discretion, is willing to comply).

Sale Shares will not be sold into the United States of America or to

"U.S. persons" (as defined in Rule 902(k) under the U.S. Securities

Act) (being "U.S. Persons") other than in reliance on, and in

compliance with, Regulation S under the U.S. Securities Act

("Regulation S").


1.6 Investor representations: The Underwriter must require any investor

that purchases the Sale Shares to confirm, including through deemed

representations and warranties, among other things:


(a) its status as an investor meeting the requirements of clause 1.5; and


(b) that they are able to make the relevant purchase in compliance

with all relevant laws and regulations (including the insider

trading provisions of the FMCA, the Takeovers Code, and the

OIA).


1.7 Effecting of Sale and settlement: The Sale shall be effected on the

Trade Date by way of one more crossings or special crossings at the Sale

Price by the Underwriter on the NZX, with settlement to follow on a T+2

basis in accordance with the New Zealand Clearing Limited's Clearing and

Settlement Rules (the "Settlement Date"). Subject to this clause 1 and

clause 7:


(a) by 11:00am on the Business Day before the Settlement Date (i.e.

50
on a T+1 basis). the Seller shall ensure that all of the Sale Shares

are made available to, or placed in one or more accounts

nominated by, the Underwriter to facilitate settlement on a delivery

versus payment basis (and strictly on the basis that such Sale

Shares are held for the benefit of the Seller pending Settlement);

and


(b) on the Settlement Date, the Underwriter shall make or procure

payment to the Seller of an amount equal to


(i) the Sale Price multiplied by the number of Sale Shares; less


(ii) any fees payable under clause 2,


by transfer to the Seller's account for value (in cleared funds in New

Zealand dollars) against delivery of all Sale Shares.

1.8 INTEREST:


(a) If, for any reason other than the non-performance or breach by

the Seller of its obligations, undertakings or warranties in this

Agreement, the Underwriter has not paid, or procured the

payment of, any amount payable under this Agreement, then

interest will accrue at the rate of 12% per annum on any such

unpaid amount, calculated on a daily basis from and including the

due date for payment until the unpaid amount is paid in full.


(b) The right of the Seller to require payment of interest under this

clause does not limit any other right or remedy of the Seller.

2. FEES


2.1 Fees: In consideration of performing its obligations under this

Agreement the Underwriter shall be entitled to such fees as the parties

agree.


3. UNDERTAKINGS


3.1 The Seller undertakes to the Underwriter that it will not, prior to the

Settlement Date, commit, be involved in or acquiesce in any activity that

breaches:


(a) the FMCA the Takeovers Code or any other applicable laws;


(b) the Listing Rules; and


(c) any legal binding requirement of the Financial Markets Authority

(the "FMA") or the NZX


in each case to the extent such breach impacts or could reasonably be expected to

impact on the sale of the Sale Shares, this Agreement or the Company.

51
4. REPRESENTATIONS AND WARRANTIES


4.1 Representations and warranties by Seller: As at the date of this

Agreement and on each day until and including the Settlement Date, the

Seller represents and warrants to the Underwriter that:


(a) (body corporate) the Seller is a company limited by shares

under the laws of the place of its incorporation;


(b) (capacity) the Seller has full legal capacity and power to enter into

this Agreement and to carry out, or to procure the carrying out of,

the transactions that this Agreement contemplates;


(c) (authority) the Seller has taken or procured, or will have taken or

procured by the relevant time, all corporate action that is

necessary or desirable to authorise its entry into this Agreement

and its entry into, and the entry into by its relevant subsidiaries of

the transactions that this Agreement contemplates;

(d) (agreement effective) this Agreement constitutes its legal,

valid and binding obligations, enforceable against the Seller in

accordance with its terms subject to any necessary stamping or

registration;


(e) (ownership, encumbrances) the Seller will transfer the full legal

and beneficial ownership of the Sale Shares free and clear of all

liens, charges, security interests, claims, equities and pre-emptive

rights, subject to registration of the transferee(s) in the register of

shareholders of the Company;


(f) (Sale Shares) following the Sale, the Sale Shares will rank

equally in all respects with all other outstanding ordinary shares

of the Company, including their entitlement to dividends;


(g) (power to sell) the Seller has the corporate authority and power

to sell the Sale Shares under this Agreement and no person has a

conflicting right, whether contingent or otherwise, to purchase or to

be offered for purchase the Sale Shares;


(h) (NZX listing) the Sale Shares are quoted on the official list of the

NZX Main Board;


(i) (no insider trading offence) the sale of the Sale Shares will

not constitute a violation by Seller (or its Affiliates) of

applicable insider trading laws;


(j) (control) the Seller does not control the Company within the

meaning of either clause 48 of Schedule 1 of the FMCA and the

Sale Shares may be offered for sale in New Zealand otherwise than

under a regulated offer under Part 3 of the FMCA or in reliance on

the exclusion for offers of financial products set out in clause 19 of

Schedule 1 of the FMCA;

52

(k) (no stabilisation or manipulation) neither the Seller nor any

of its Affiliates has taken or will take, directly or indirectly, any

action designed to, or that might reasonably be expected to,

cause or result in the stabilisation or manipulation of the price of

the Sale Shares in violation of any applicable law;


(l) (no directed selling efforts) with respect to those Sale Shares

offered and sold in reliance on Regulation S, none of the Seller,

any of its Affiliates, or any person acting on behalf of any of them

(other than the Underwriter or its Affiliates or any person acting on

behalf of any of them, as to whom no representation or warranty is

made), has, directly or indirectly, engaged or will engage in any

"directed selling efforts" within the meaning of Rule 902(c) under

the U.S. Securities Act;


(m) (foreign private issuer and no substantial U.S. market

interest) to the best of the Seller's knowledge, the Company is a

'foreign private issuer' as defined in Rule 405 under the U.S.

Securities Act and there is no 'substantial U.S. market interest' (as

defined in Rule 902(j) under the U.S. Securities Act) in the Sale

Shares or any security of the same class or series as the Sale

Shares;


(n) (OFAC) neither the Seller nor, to the best of its knowledge after

due enquiry, any director, officer, agent, employee or Affiliate or

other person acting on behalf of the Seller is currently subject to

any sanctions administered or enforced by the Office of Foreign

Assets Control of the US Department of the Treasury, the United

Nations Security Council, Her Majesty's Treasury, the European

Union or any of its Member States, or other relevant sanctions

authority ("Sanctions"), or located, organised or resident in a

country or territory that is the subject of Sanctions; and the Seller

will not directly or indirectly use the proceeds of the Sale, or lend,

contribute or otherwise make available these proceeds to any

subsidiary, joint venture partner or other person or entity, to fund

or facilitate any activities of any person or entity or in any country

or territory that is subject to any Sanctions, or in any other manner

that will result in a violation of Sanctions by any person

participating in the Sale (whether as an underwriter, placing agent,

investor, adviser or otherwise);



(o) (anti-money laundering) the operations of the Seller are and

have been conducted at all times in compliance with all financial

record keeping and reporting requirements imposed by law or

regulation and in compliance with the money laundering and

proceeds of crime statutes of all applicable jurisdictions, the rules

and regulations thereunder and any related or similar rules,

regulations or guidelines, issued, administered or enforced by any

government agency (collectively, the "Money Laundering Laws")

to the extent that they apply to the Seller and no action, suit or

53
proceeding by or before any court or government agency, authority

or body or any arbitrator involving the Seller or any of its Affiliates

with respect to the Money Laundering Laws is pending or

threatened;


(p) (no bribery) neither the Seller or, to the best of its knowledge

after due enquiry, any director, officer, employee, Affiliate or other

person acting on behalf of the Seller has (i) used any corporate

funds for any unlawful contribution, gift, entertainment or other

unlawful expense relating to political activity; (ii) made any direct

or indirect unlawful payment to any foreign or domestic

government official or employee from corporate funds, or (iii) made

any bribe, rebate, payoff, influence payment, kickback or other

unlawful payment, in each case, in violation of any applicable law,

including, but not limited to the United States Foreign Corrupt

Practices Act of 1977 if it is applicable; and


(q) (Vendor affiliate representations) The Seller is not an “affiliate”

(as defined in Rule 501(b) of the U.S. Securities Act 1933, as

amended) (“U.S. Securities Act”) of the Company.

For the purposes of the representations and warranties of the Seller above, the term

"Affiliate" does not include the Company or any Affiliate of the Company that the

Company controls.


4.2 Representations and warranties of the Underwriter: As at the date

of this Agreement and on each day until and including the Settlement

Date, the Underwriter represents and warrants to the Seller that:


(a) (body corporate) the Underwriter is a company limited by

shares under the laws of the place of its incorporation;


(b) (capacity) the Underwriter has full legal capacity and power to

enter into this Agreement and to carry out the transactions that

this Agreement contemplates;


(c) (authority) the Underwriter has taken all corporate action

that is necessary or desirable to authorise its entry into this

Agreement and it carrying out the transactions that this

Agreement contemplates;


(d) (agreement effective) this Agreement constitutes its legal,

valid and binding obligation, enforceable against the

Underwriter in accordance with its terms;


(e) (status) the Underwriter is a not a person to whom

disclosure needs to be made under the FMCA or any other

applicable laws (including the Corporations Act) and it is a

“qualified institutional buyer” (as defined in Rule 144A under the US

Securities Act (QIB)) or is not a “US person” (as defined in Rule 902(k)

54
under the US Securities Act);


(a) (Takeovers Code matters) the Underwriter (or its relevant

Affiliate) is a professional underwriter (in terms of the Takeovers

Code (Professional Underwriters) Exemption Notice 2004) and is

entering into this Agreement in order to earn underwriting fees.

Neither the Underwriter nor any Affiliate of the Underwriter has a

collateral purpose or intention, in respect of the Underwriter's

entry into this Agreement, of enabling the Underwriter or any of

its Affiliates to increase their control percentage in the Company.


(b) (no reliance) it has made its own independent enquiry and

investigations in relation to the Sale Shares and the Company and

has entered into this Agreement in reliance solely on its own

judgment and not in reliance on any representations or conduct of

the Seller or any of its representatives (other than those expressly

set out in this Agreement);


(c) (no stabilisation or manipulation) neither the Underwriter nor

any of its Affiliates has taken or will take, directly or indirectly, any

action designed to, or that might reasonably be expected to, cause

or result in the stabilisation or manipulation of the price of the

Sale Shares in violation of any applicable law;


(d) (compliance) the Underwriter and its Affiliates will perform their

obligations under this Agreement, and the Sale will be conducted

by them, in accordance with all applicable laws and regulations in

any relevant jurisdiction, provided that it shall not be in breach of

this warranty to the extent any breach is caused by any act or

omission which constitutes a breach by the Seller of its

representations, warranties and undertakings in clause 4.1, or a

breach by an investor of its undertakings, representations and

warranties described in clause 1.6;


(e) (no directed selling efforts) with respect to those Sale Shares to

be offered and sold in reliance on Regulation S, none of the

Underwriter, any of its Affiliates or any person acting on behalf of

any of them has engaged or will engage in any "directed selling

efforts" within the meaning of Rule 902(c) of the U.S. Securities

Act; and


(f) (Regulation S selling restrictions) it acknowledges that the Sale

Shares have not been registered and will not be registered under the US

Securities Act and that the Underwriter, its Affiliates and any person

acting on behalf of any of them has offered and sold the Sale

Shares, and will offer and sell the Sale Shares only outside the

United States in "offshore transactions" (as defined in Rule 902(h)

under the U.S. Securities Act) in reliance on Regulation S, including

in regular brokered transactions on the NZX where neither the

Underwriter nor any person acting on its behalf knows, or has

reason to know, that the sale has been pre-arranged with, or the

55
purchaser is, a person in the United States.


4.3 Reliance: Each party giving a representation and warranty

acknowledges that each other party has relied on the above

representations and warranties in entering into this Agreement and will

continue to rely on them in performing its obligations under this

Agreement.


4.4 Notification: Each party agrees that it will notify the other party

promptly upon becoming aware of any of the following occurring prior to

the completion of the sale of the Sale Shares:

(a) any material change affecting any of the representations and

warranties in this clause; or


(b) any of the representations or warranties in this clause becoming

materially untrue or materially incorrect.


4.5 Disclosure to potential purchasers: The Seller authorises the

Underwriter to notify potential purchasers of the representations and

warranties contained in clause 4.1, and also authorises the Underwriter

to disclose the identity of the Seller to potential purchasers.


5. INDEMNITY


5.1 Indemnified parties: Subject to clause 5.2 and 6.1, the Seller agrees

with the Underwriter that it will keep the Underwriter and its related

companies (as that term is defined in the Companies Act 1993 (NZ), read

as if the expression "company" includes any body corporate, wherever

incorporated), and their respective directors, officers and employees

("Indemnified Parties") indemnified against any losses, damages,

liabilities, costs, claims, actions and demands (including any reasonable

expenses arising in connection therewith) ("Losses") to the extent that

such Losses are incurred or made in connection with the Sale or as a result

of a breach of this Agreement by Seller, including any breach of any of the

above representations or warranties given by Seller, and will reimburse the

Underwriter for all out of pocket costs, charges and expenses which its

Indemnified Parties may reasonably pay or incur in connection with

investigating, disputing or defending any such action, demand or claim for

which it is indemnified under this Agreement.


5.2 Limitation of indemnity: The indemnity in clause 5.1 does not extend

to, and is not to be taken as an indemnity against, any Losses of an

Indemnified Party with respect to any damage to reputation or to the

extent any Losses arise as result of:


(a) any fraud, recklessness, wilful misconduct or negligence of any

Indemnified Party, as determined by a court of competent

jurisdiction;


(b) any penalty or fine which any Indemnified Party is required

to pay for any contravention of any law;

56

(c) any amount in respect of which the indemnity would be

illegal, void or unenforceable under any applicable law;

or


(d) any breach by the Underwriter of this Agreement, save to the

extent such a breach resulted from an act or omission on the part

of the Seller or a breach by an investor of its undertakings,

representations and warranties described in clause 1.6.


5.3 Release: The Seller agrees that no Indemnified Party will have any liability

to the Seller, any of its related bodies corporate or Affiliates or any of their

respective directors, officers, employees, advisers, representatives or

agents or any of the Seller's security holders or creditors for any Loss

suffered by any of them in relation to any event to which the indemnity in

clause 5.1 relates, but provided that this release does not apply to the

Underwriter to extent that any Losses result from the matters set out in

clause 5.2(a) or clause 5.2(d).


5.4 Notice by Underwriter: The Underwriter will notify the Seller as soon as

reasonably practicable of any proceeding being commenced, or any claim or

action being made, against the Underwriter or any other Indemnified Party,

which is reasonably likely to give rise to a claim against the Seller pursuant

to the indemnity under clause 5.1. The failure of the

Underwriter to notify the Seller pursuant to this clause 5.4 will not release the Seller from

any obligation or liability which it may have pursuant to this Agreement except that, if the

Underwriter's failure to notify results in a defence no longer being available to the Seller

or a material increase in the amount payable by the Seller under the indemnity under

clause 5.1, the amount payable to the Indemnified Person under the indemnity in clause

5.1 will be reduced by the extent to which the Seller would suffer loss or damage as a

consequence of that failure on the part of the Underwriter to notify the Seller.


5.5 Settlement by Indemnified Party: Neither the Seller nor an

Indemnified Party may settle any action, demand or claim to which the

indemnity in clause 5.1 relates without the prior written consent of the

Underwriter (on behalf of the relevant Indemnified Party) or the Seller, as

applicable, such consent not to be unreasonably withheld.


5.6 Continuity of indemnity: The indemnity in clause 5.1 is a continuing

obligation, separate and independent from the other obligations of the

parties under this Agreement and survives termination or completion of this

Agreement. It is not necessary for the Underwriter to incur expense or

make payment before enforcing that indemnity.


5.7 Privity: The parties agree that, for the purposes of Subpart 1 of Part 2 of

the Contract and Commercial Law Act 2017, the indemnity in this clause 5

is intended to confer a benefit on, and be enforceable by, each Indemnified

Party (provided that this Agreement may be varied by the parties to it

without the consent of any Indemnified Party).


6. LIABILITY

57

6.1 General underwriting losses excluded: Under no circumstances will the

Seller be liable for any Losses incurred or made by the Underwriter solely as

a result of any resale of any Sale Shares acquired from the Seller pursuant

to this Agreement.


6.2 Excluded Persons: Under no circumstances will any directors, officers,

employees, managers or advisors of the Seller or the Underwriter or any of

their respective Affiliates (together the "Excluded Persons") be liable to

the Underwriter or any other Indemnified Parties (or the Seller or its

Affiliates, as applicable) in relation to any matter arising directly or

indirectly in connection with this Agreement or the Sale, except to the

extent that such liability arises out of the fraud of any such Excluded

Persons. The parties agree that, for the purposes of Subpart 1 of Part 2 of

the Contract and Commercial Law Act 2017, this clause 6 is intended to

confer a benefit on, and be enforceable by, each Excluded Person (provided

that this Agreement may be varied by the parties to it without the consent

of any Excluded Person).

7. EVENTS OF TERMINATION:


7.1 Right of termination: If any of the following events occur prior to

10.00am (New Zealand time) on the Trade Date (as set out in the

Timetable) (or such earlier time as noted in the specific clause) (the "Risk

Period"), then the Underwriter may terminate its obligations under this

Agreement without cost or liability to itself at any time before the expiry of

Risk Period, by giving written notice to Seller:


(a) NZX actions: NZX does any of the following:


(i) announces that the Company will be removed from the

official list of the NZX Main Board or ordinary shares in

the Company will be suspended

from quotation (other than with the approval (not to be unreasonably

withheld or delayed), or at the request, of the Underwriter);


(ii) removes the Company from the official list of the NZX Main

Board; or


(iii) suspends the trading of ordinary shares in the Company

for any period of time (excluding any trading halt put in

place in connection with, or to facilitate, the Sale).


(b) FMA inquiry: The FMA issues or threatens to issue proceedings in

relation to the Sale or commences, or threatens to commence any

inquiry or investigation in relation to the Sale (other than in

respect of the actions of the Underwriter where such actions are

not contemplated by this Agreement).


(c) Restricted actions: The Company, on or prior to the Settlement

Date, commits, is involved in or acquiesces in any activity, which

breaches:

58

(i) its constitution;


(ii) the FMCA (other than as regards its continuous disclosure

obligations), the Takeovers Code or the OIA; or


(iii) any other applicable laws or regulations in New Zealand.


(d) Other termination events: Any of the following occurs:


(i) Banking moratorium: A general moratorium on

commercial banking activities in New Zealand, Australia,

United States or the United Kingdom is declared by the

relevant central banking authority in any of those

countries, or there is a material disruption in commercial

banking or security settlement or clearance services in any

of those countries.


(ii) Breach of Agreement: The Seller is in default of any of

the terms and conditions of this Agreement or breaches

any representation or warranty given or made by it under

this Agreement.


7.2 Materiality: No event listed in clause 7.1 entitles the Underwriter to

exercise its termination rights unless, in the reasonable opinion of the

Underwriter, it:


(a) has, or would reasonably be expected to have, a material adverse

effect on:


(i) the willingness of persons to purchase the Sale Shares; or


(ii) the price at which ordinary shares in the Company are

sold on the NZX Main Board; or


(b) would reasonably be expected to give rise to a liability of the

Underwriter under the FMCA or any other applicable law.


7.3 Underwriter Affiliates and Sub-underwriters: The Seller

acknowledges that the Underwriter may:

(a) and may by law be required to, perform its obligations under

this Agreement in conjunction with, or through, its Affiliates

(including if required for licensing or regulatory purposes).


(b) appoint persons as sub-underwriters of its rights or obligations

under this Agreement but without releasing it from any of its

obligations to the Seller, provided that any sub-underwriter may

not offer or sell any Sale Shares in the United States; provided,

further, that any such sub-underwriter enters into a customary

form of appointment letter containing representations, warranties

and covenants designed

to preserve reliance on the “safe harbour”

provided by Regulation S.

59

7.4 Effect of termination: Where, in accordance with this clause 7, the

Underwriter terminates its obligations under this Agreement, then:


(a) the obligations of the Underwriter under this Agreement immediately

end;


(b) that termination is without prejudice to any entitlements or

rights, including any right to be indemnified, that either party

has accrued under the Agreement; and


(c) no fees will be payable to the Underwriter.



8. ANNOUNCEMENTS


8.1 Announcements: Unless required by applicable law, a legal or regulatory

authority or applicable listing rules, and except as required in relation to

procedural announcements via Bloomberg, the prior written consent of

Seller must be obtained prior to the Underwriter making any public release

or public announcement in relation to the Sale prior to settlement on the

Settlement Date and such release or announcement must be in compliance

with all applicable laws, including the securities laws of New Zealand,

Australia and any other jurisdiction.



9. CONFIDENTIALITY


9.1 Confidentiality: Each party agrees to keep the terms and subject matter

of this Agreement confidential, except:

(a) where disclosure is required by applicable law, a legal or

regulatory authority or applicable listing rules;


(b) disclosure is made to an adviser or to a person who must know for

the purposes of this Agreement, on the basis that the adviser or

person keeps the information confidential; or


(c) to a person to the extent reasonably necessary in connection with

any actual or potential claim or judicial or administrative process

involving that party in relation to the Sale.


10. GST AND TAX MATTERS


10.1 GST: The fees payable to the Underwriter under clause 2 exclude GST. The

Seller will pay to the Underwriter an amount equal to any GST that the

Underwriter is liable to pay to any tax authority in respect of any supply by

the Underwriter to the Seller under or in connection

with this Agreement, at

the same time as and in addition to the consideration otherwise payable by the

Seller for that supply, provided that the Underwriter has issued to the Seller

taxable supply information (or such other information or documentation that

may be required in accordance with the applicable legislation) for that supply.

60
10.2 Reimbursements: If any amounts payable under or in connection with

this Agreement are calculated by reference to a cost or expense incurred by

a party ("Relevant Expense"), the amount of the Relevant Expense for the

purposes of calculating the amount payable must be reduced by the amount

of any input tax credit or other deduction from output tax to which the party

is entitled in connection with that cost or expense for GST purposes.


10.3 Defined terms: In this clause 7, "GST" means goods and services tax

chargeable in accordance with the Goods and Services Tax Act 1985

(New Zealand) or the A New Tax System (Goods and Services Tax) Act

1999 (Cth), as applicable. Where a party is a member of a GST group,

any reference to that party in this clause 10 should be read as a

reference to the representative member of that group.


10.4 Taxes and other imposts: Subject to clause 10.1, the Underwriter will

be solely liable for payment of all taxes (including but not limited to

corporate taxes, personal income tax, fringe benefits tax, payroll tax,

stamp duty, withholding tax, PAYE, turnover tax, and any subcontractor's

taxes) which may be imposed in relation to any fees payable under this

Agreement.


10.5 Withholding Taxes: If the Seller is required in its opinion to withhold any

amount in respect of tax from a payment to be made under this

Agreement, it is entitled to do so and such withholding and payment to the

relevant taxing authority will be a good discharge of its obligation to pay

the relevant amount. In the event that the Seller pays an amount without

withholding an amount in respect of tax, the Seller will be indemnified by

the Underwriter for any loss suffered by it as a result of failing to withhold.

The Underwriter will provide to the Seller any information reasonably

requested by the Seller for the purposes of allowing the Seller to satisfy its

withholding tax obligations.


10.6 Lowest Price: The parties agree that for the purposes of the financial

arrangements rules in the Income Tax Act 2007:


(a) the amounts payable under this Agreement are the lowest price

that they would have agreed upon with respect to the property and

services the subject of this Agreement at the time this Agreement

was executed on the basis of payment in full at the time at which

the first right in the property is to be transferred or the services

provided;


(b) the amounts payable under this Agreement are the value of

the property and services the subject of this Agreement; and


(c) they will compute their taxable income for the relevant period on

the basis that the amounts payable under this Agreement includes

no capitalised interest, and will file their tax returns accordingly.


For the purposes of this clause, the term "right" in the property shall bear the same

meaning as the term "right" in section YA 1 of the Income Tax Act 2007.

61

11. MISCELLANEOUS


11.1 Entire agreement: This Agreement and any agreement in relation to fees

under clause 2 constitutes the entire agreement of the parties about its

subject matter and supersedes all previous agreements, understandings

and negotiations on that matter.


11.2 No contra preferentem: No provision of this Agreement will be

construed adversely to a party solely on the ground that the party was

responsible for the preparation of this Agreement or that provision.


11.3 Governing law: This Agreement is governed by the laws of New Zealand.

Each party submits to the non-exclusive jurisdiction of courts exercising

jurisdiction in New Zealand, and waives any right to claim that those courts

are an inconvenient forum.


11.4 Severability: Any provision of this Agreement, which is prohibited or

unenforceable in any jurisdiction, will be ineffective as to that jurisdiction to

the extent of the prohibition or unenforceability. That will not invalidate the

remaining provisions of this Agreement nor affect the validity or

enforceability of that provision in any other jurisdiction.


11.5 Waiver and variation: A provision of or right vested under this Agreement

may not be:


(a) waived except in writing signed by the party granting the waiver; or


(b) varied except in writing signed by the parties. For clarity, this

Agreement may be varied by the parties to it without the

approval of any Indemnified Person or Excluded Person.


11.6 No assignment: No party may assign its rights or obligations

under this Agreement without the prior written consent of the

other party.

11.7 Notices and agreement in writing: Any notice, approval, consent,

agreement, waiver or other communication in connection with this

Agreement must be in writing. Where this Agreement contemplates the

form of any document being agreed in writing, such agreement may be by

the exchange of emails recording that agreement.


11.8 Affiliates: In this Agreement, the term "Affiliates":


(a) means in relation to a specified person, any other person that

directly, or indirectly through one or more intermediaries, controls,

or is controlled by, or is under common control with, a person;

"control" (including the terms "controlled by" and "under common

control with") means the possession, direct or indirect, of the

power to direct or cause the direction of the management and

policies of a person, whether through the ownership of securities

62
by contract or agency or otherwise and the term "person" is

deemed to include a partnership; and


(b) is agreed to exclude the Company.


11.9 Business Day: In this Agreement, the term "Business Day" means a day

on which NZX is open for trading in securities and banks are open for

general banking business in Auckland and Wellington, New Zealand, and

any reference to a time is to a time in New Zealand unless otherwise

stated.

11.10 Listing Rules: In this Agreement, the term "Listing Rules" means the

listing rules of the NZX.


11.11 Time is of the essence: Time is of the essence in each party's

performance of its obligations under this Agreement.


11.12 Counterparts: This Agreement may be executed in any number of

counterparts, including by the exchange of pdf. copies. All counterparts

together will be taken to constitute one agreement.


11.13 Acknowledgement: The Seller acknowledges that:


(a) the Underwriter is not obliged to disclose to the Seller or utilise for

the benefit of the Seller, any non-public information which the

Underwriter and/or its Affiliates obtains in the normal course of its

business where such disclosure or use would result in a breach of

any obligation of confidentiality or any internal Chinese wall policies

of the Underwriter;


(b) without prejudice to any claim the Seller may have against the

Underwriter, except in the case of fraud, no proceedings may be

taken against any director, officer, employee or agent of the

Underwriter and/or its Affiliates in respect of any claim that the

Seller may have against the Underwriter and/or its Affiliates; and


(c) it is contracting with the Underwriter and/or its Affiliates on an

arm's length basis to provide the services described in this

Agreement and the Underwriter and/or its Affiliates has not and is

not assuming any duties or obligations (fiduciary or otherwise) in

respect of it other than those expressly set out in this Agreement.


[Signature pages follow]


EXECUTED by Macquarie Securities (NZ) Limited by:




Signature of authorised signatory


Martin Wight


Name of authorised signatory





Signature of authorised signatory


Sophie Spedding


Name of authorised signatory
































[Signature page to the block trade agreement]


Accepted and agreed to as of the date of this Agreement:


EXECUTED by Z Energy Limited by:




Signature of authorised person










Greg Barnes



Name of authorised person









































[Signature page to the block trade agreement]




67

Schedule 1

Timetable



19 March 2025

20 March 2025

24 March 2025

Bookbuild (T - 1)

Trade Date (T)

Settlement Date (T

+ 2)

Dat

e

Key

event

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.

Other issuers discussed similar conditions around this time

Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.

  • NZX — NZX Limited: SPH Notice - Wilson Asset Management
    2025-05-08

    Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest, or both Sections 277 and 278, Financial Markets Conduct Act 2013 To NZX Limited Relevant event being disclosed: Movement of 1% or more Date of relevant event: 06/05/2025 Da…”

  • CNU — Chorus Limited: SPH Notice - Mitsubishi UFJ Financial Group, Inc.
    2025-05-07

    1 Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013 To NZX Limited and To Chorus Ltd Date this disclosure made: 7 May, 2025 Date last disclosure made: 5 May, 2025 Date on which substantial holding ceased: 2 May, 2025 Substa…”

  • CNU — Chorus Limited: SPH Notice - Mitsubishi UFJ Financial Group, Inc
    2025-09-02

    1 Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013 To NZX Limited and To Chorus Ltd Date this disclosure made: 2 September, 2025 Date last disclosure made: 18 July, 2025 Date on which substantial holding ceased: 28 August,…”