Turners continues to have strong take up of employee share

Company Announcement
3 October 2025



Turners continues to have strong take up of employee share scheme

Turners has issued shares under the 2025 Employee Share Scheme (ESS).

CEO Todd Hunter said “we are again very pleased with the uptake, the scheme has now been running
for four years and through it we now have 67% of our wider team with shareholdings in the company.
The ownership mindset combined with our high team engagement levels continues to be a powerful
combination and a strong advantage for the Turners organisation.”

In the 2025 ESS round, employees have applied for a total of 117,177 shares and, after utilising shares
already held by the Share Scheme Trustees, a total of 93,076 new shares have been issued representing
0.10% of issued capital.

The scheme provides the opportunity for permanent (part-time and full-time) employees of the business
to invest $1,000 and receive $2,000 worth of shares at the completion of a 3-year vesting period. In order
to encourage broad participation, the company also offers a 3-year interest-free loan to all staff to
acquire the shares.


ENDS



About Turners

Turners Automotive Group Limited is an integrated financial services group, primarily operating in the
automotive sector www.turnersautogroup.co.nz

For further information, please contact:

Aaron Saunders, Group Chief Financial Officer, Turners Automotive Group Limited, Mob: 027 493 8794
Todd Hunter, Group Chief Executive Officer, Turners Automotive Group Limited, Mob: 021 722 818

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Template
Capital Change Notice

Updated as at February 2025


Section 1: Issuer information
Name of issuer
Turners Automotive Group Limited
90554422NZX ticker code TRA
Class of financial product
Ordinary shares
ISIN (If unknown, check on NZX website)
NZVNLE0001S1
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 93,076
n/a n/a
Issue/acquisition/redemption price per security $7.1211
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) n/a
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)
1

0.10%
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)
93,076 issue of shares under the Turners
Automotive Group Limited Employee Share
Scheme.
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.
90,554,422
In the case of an acquisition of shares, whether
those shares are to be held as treasury stock
n/a
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 resolutions dated 17 September 2025
and NZX Listing Rule 4.6.1.

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

Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
Ordinary shares issued rank pari passu with
existing ordinary shares
Date of issue/acquisition/redemption
2
3/10/2025
Section 3: Disclosure required for Placements made under Rule 4.5.1
[Issuers may opt to release Section 3 information (if not already done so) in a separate announcement within five Business Days of
the issuance. Delete this Section 3 if capital change is not the result of a Placement under Rule 4.5.1]

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

The explanation must set out the key objectives
and criteria the Issuer adopted in the allocation
process, whether one of those objectives was a
best effort to allocate on a pro rata basis to existing
holders of the Issuer’s Equity Securities, and any
significant exceptions or deviations from those
objectives and criteria.
n/a
Section 4: Authority for this announcement and contact person
Name of person

authorised to make this
announcement
Barbara Badish
Contact person for this announcement Aaron Saunders
Contact phone number 027 493 8794
Contact email address Aaron.Saunders@turners.co.nz
Date of release through MAP

3/10/2025




2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).