NZ RegCo Share Price Enquiry into Being AI Limited (BAI)

WGN
Level 2
11 Cable Street
Wellington 6011
New Zealand
PO Box 2959
P +64 4 472 7599
AKL
Level 15
45 Queen Street
Auckland 1010
New Zealand
PO Box 106 555
P +64 9 368 1375





7 October 2025

Mr Mike Dunshea
Chief Financial Officer
Being AI Limited

By email: mike.dunshea@sendglobal.com

Dear Mr Dunshea

Being AI Limited (BAI) – Price Enquiry

We write with respect to the continuous disclosure obligations set out in the Listing Rules (Rules).
Listing Rule 3.1.1 (the rule) is set out in the Schedule attached to this letter. In summary, this rule
requires issuers to immediately disclose any Material Information to NZX Limited (NZ RegCo). The
rule provides limited exceptions to this obligation. Material Information does not need to be
disclosed where a reasonable person would not expect the information to be disclosed and where
the information is confidential, and its confidentiality is maintained and where one of five safe
harbours applies under Rule 3.1.2.

The price of BAI has increased from $0.052, being the market close price on 8 September 2025 to
$0.10, being the price as at market open, Tuesday, 7 October 2025. This represents a total
increase of 92%.

Given this increase in the price of BAI, please advise NZ RegCo whether BAI continues to comply
with Listing Rule 3.1.1.

We would appreciate it if you could provide NZ RegCo with an answer to the above question
(email: surveillance@nzregco.com) before 4:00pm today, Tuesday, 7 October 2025.

Please provide your response to this letter in “PDF” format and note that it will be published in full
to the market.

Kind Regards,




Olivia Hooper
Surveillance Analyst
NZ RegCo Surveillance

2
SCHEDULE

3.1 Disclosure of Material Information
3.1.1 Once an issuer becomes Aware of any Material Information relating to it, the Issuer must:
a) Promptly and without delay release that Material Information through MAP, and
b) Not disclose any Material Information to the public, any other stock exchanges (except as
provided for in Rule 3.26.2(d)) or any other party without first releasing that Material
Information through MAP.

3.1.2 Rule 3.1.1 does not apply when:
(a) One or more of the following applies:
i) Release of the information would be a breach of the law,
ii) The information concerns an incomplete proposal or negotiation,
iii) The information contains matters of supposition or is insufficiently definite to warrant
disclosure
iv) The information is generated for internal management purposes, or
v) The information is a trade secret,
(b) The information is confidential and its confidentiality is maintained, and
(c) A reasonable person would not expect the information to be disclosed.

3.2 False Market
3.2.1 An Issuer must promptly and without delay release Material Information through MAP to
the extent necessary to prevent development or subsistence of a market for its Quoted
Financial Products which is materially influenced by false or misleading information
emanating from:
a. the Issuer or any Associated Person of the Issuer, or
b. other persons in circumstances in each case which would give such information
substantial credibility,
and which is of a reasonably specific nature whether or not Rule 3.1.2 applies.

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7 October 2025

Phil Solarz
Head of Surveillance
NZ RegCo Surveillance

Being AI (BAI) – Price Enquiry

Dear Mr Solarz

Being AI Limited confirms that, as at the date of this response, it continues to comply with its
continuous disclosure obligations under NZX Lising Rule 3.1.1.


Kind Regards




Mike Dunshea
Chief Financial Officer