TWG partners with Tata Consultancy Services

NZX | Media release – 15 September 2025

The Warehouse Group partners with Tata Consultancy
Services to support managed services transformation

The Warehouse Group has engaged Tata Consultancy Services (TCS), a global leader in IT
services, consulting and business solutions, to support the next phase of its transformation
focused on simplifying the Group’s technology stack. The partnership is designed to lower
costs by removing remaining legacy systems, consolidating platforms, and maximising value
from existing technology investments. TCS will support the Group in building the capability
and services needed to improve performance, starting with managed services and licence
optimisation.

Group Chief Executive Officer Mark Stirton said the partnership marks a significant step
forward. “We’ve spent the past year lowering costs, but this partnership allows us to go
deeper. TCS will build on our current cost initiatives and unlock the capability and capacity to
obtain more value from the technology investments we’ve made to date,” said Mr Stirton.
“The partnership is estimated to reduce costs in licences and managed services by up to
$40 million over five years and will help free up our technology teams to focus on what
matters most, delivering more value for our customers, communities, and shareholders.”

TCS brings deep experience in retail and digital transformation and will work alongside the
Group’s technology teams. The agreement also includes joint initiatives to support workforce
development focused on digital and AI upskilling.

Girish Ramachandran, President Growth Markets, TCS, said, “We are proud to be a
strategic partner to The Warehouse Group for this pivotal phase of transformation.
Leveraging our global expertise in retail technology, data and AI, we are committed to
supporting one of New Zealand’s largest and most iconic retail brands in streamlining their
systems and enhancing capabilities through AI adoption and thereby laying the foundation
for sustained, long-term value creation.”

Both organisations will continue to explore new ways of working and identify opportunities to
unlock long-term value for customers, team members, and shareholders. The agreement is
intended as a multi-year agreement, with regular reviews to track progress and identify new
opportunities.
Ends
For media queries please contact: For investor queries please contact:
Lizzie Havercroft
General Manager Corporate Affairs
+64 27 507 0613
lizzie.havercroft@twgroup.co.nz
Julia Belk
Investor Relations Manager
+64 21 240 8997
julia.belk@thewarehouse.co.nz

The Warehouse Group Limited
26 The Warehouse Way, Northcote, Auckland 0627