Notice of share buyback

Capital Change Notice

Updated as at June 2023



Acquisition of Ordinary Shares
This notice is given under NZX Listing Rule 3.13.1 and section 65(2) of the Companies Act 1993 and
relates to the acquisition of ordinary shares in Air New Zealand Limited (the
Company
) under (i) the on-
market share buy-back programme on NZX and ASX and (ii) the off-market share buyback programme in
respect of shares held by the Sovereign in right of New Zealand acting by and through the Minister of
Finance (the
Crown
), in each case as announced by the Company to the market on 20 February 2025.
The identity of the seller or sellers (and the beneficial owner or owners) of the ordinary shares of the
Company in respect of the on-market acquisition is not known to the Company.

Section 1: Issuer information
Name of issuer Air New Zealand Limited
NZX ticker code AIR
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZAIRE0001S2
Currency
NZD (for shares acquired on
NZX and from the Crown
(defined below)) and AUD (for
shares acquired on ASX)
Section 2: Capital change details
Number issued/acquired/redeemed 1,377,285 ordinary shares
acquired, comprising 674,763
ordinary shares acquired on
NZX and ASX and 702,522
ordinary shares acquired off-
market from the Crown
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security NZD $0.5900 (average) in
respect of 248,749 ordinary
shares acquired on NZX
AUD $0.5311 (average) in
respect of 426,014 ordinary
shares acquired on ASX
NZD $0.5898 in respect of
702,522 ordinary shares
acquired off-market from the
Sovereign in right of New
Zealand acting by and through
the Minister of Finance (the
Crown)
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) Paid in full
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the number of
Financial Products of the Class, excluding any Treasury Stock,
in existence)
0.0417%

For an issue of Convertible Financial Products or Options, the
principal terms of Conversion (for example the Conversion
price and Conversion date and the ranking of the Financial
Product in relation to other Classes of Financial Product) or the
Option (for example, the exercise price and exercise date)
N/A
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
On-market and off-market
share acquisition under Board-
approved buy-back
programme announced on 20
February 2025
Total number of Financial Products of the Class after the
issue/acquisition/redemption/Conversion (excluding Treasury
Stock) and the total number of Financial Products of the Class
held as Treasury Stock after the issue/acquisition/redemption.
3,302,447,322 ordinary shares
93 held as Treasury Stock
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
No
Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
Board resolution dated 20
February 2025
NZX Listing Rule 4.14.1(a) in
respect of the shares acquired
on NZX and ASX
NZX Listing Rule 4.14.1(b)(ii)
in respect of the shares
acquired off-market from the
Crown
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Shares acquired will be
cancelled and not held as
Treasury Stock
Date of issue/acquisition/redemption The shares acquired on NZX
and ASX on 29/08/2025 will be
settled and cancelled on
02/09/2025
The shares acquired off-
market from the Crown on
01/09/2025 will be settled and
cancelled on 03/09/2025
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement
Jennifer Page, General
Counsel & Company Secretary
Contact person for this announcement
Kim Cootes, Head of Investor
Relations
Contact phone number +64 27 297 0244
Contact email address kim.cootes@airnz.co.nz
Date of release through MAP

01/09/2025