Update on Parcelair JV Partner

Freightways Group Limited | Freightways House, 32 Botha Road, Penrose, Auckland, New Zealand | DX BOX CX10120, Auckland 1061, New Zealand | P (64) 09 571 9670

NZX | ASX ANNOUNCEMENT

2 July 2025

UPDATE ON PARCELAIR JV PARTNER

Freightways and Airwork Holdings Limited (Airwork), each through a subsidiary, are 50/50 joint venture partners in
Parcelair Limited (Parcelair), that provides services to the Freightways network.

Freightways is aware of the appointment of receivers to Airwork and certain Airwork subsidiaries. The receivers have
announced an intention for Airwork to continue to trade as a going concern. Freightways will continue to closely
monitor the situation with Airwork and, if necessary, has a contingency plan which can be implemented on short
notice and with minimal operational impact.

ENDS

For further information please contact:
Stephan Deschamps
Chief Financial Officer
Freightways Group Limited
Ph: +64 9 571 9670