Performance Share Rights - Capital Change Notice

4 November 2025

Comvita Performance Share Rights lapse


Comvita Limited today announces the lapse of 2,000 Performance Share Rights on 4 November 2025,
which were issued on 30 October 2023 and 3 October 2024. There are 25,670 remaining Performance
Share Rights on issue.
Karl Gradon
CEO

Ends.

For further information contact:
Susan Dinneen | Comvita
Mobile: +21 101 5757
Email: susan.dinneen@comvita.com



Background information
Comvita (NZX:CVT) was founded in 1974/5, with a purpose to heal and protect the world through the
natural power of the hive.  With a team of 600+ people globally, united with more than 1.6 billion bees,
we are the global market leader in Mānuka honey and bee consumer goods. Seeking to understand, but
never to alter, we test and verify all our bee-product ingredients are of the highest quality in our own
government-recognised and accredited laboratory.  We are growing industry scientific knowledge on bee
welfare, Mānuka trees and the many benefits of Mānuka honey and propolis.  We have pledged to be
carbon neutral by 2025 and carbon positive by 2030, and have planted millions of native trees aiding
biodiversity and supporting future demand. Comvita has operations in Australia, China, North America,
Southeast Asia, and Europe – and of course, Aotearoa New Zealand, where our bees are thriving.

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Capital Change Notice


Notice of issue of Performance Share Rights under the Comvita Limited (“CVT” or
“Company”) Performance Share Rights Scheme (“Scheme”). This notice is given under the
NZX Listing Rules 3.13.1 and 3.15.2 and relates to the conversion of performance share
rights (“PSR’s”) into fully paid ordinary shares in CVT upon certain vesting conditions
being met under the Scheme.

Section 1: Issuer information

Name of issuer Comvita Limited
NZX ticker code CVT
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZCVTE0001S7
Currency New Zealand Dollars
Section 2: Capital change details

Number issued/acquired/redeemed 6,674 ordinary shares
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security Not applicable
Nature of the payment (for example, cash or other
consideration)
Not applicable
Amount paid up (if not in full) Not applicable
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

0.0095% of all Ordinary Shares
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)
Not applicable
Reason for issue/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the reason for
change must be identified here)
Issue of Ordinary Shares arising
from conversion of PSR’s issued to
Company employees under the
Scheme to incentivise employees.
This issue relates to the financial
year ended 30 June 2023, following
vesting conditions being met.

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

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.
18,996 total PSR’s
70,561,746 ordinary shares
0 treasury stock
In the case of an acquisition of shares, whether those
shares are to be held as treasury stock
Not applicable
Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the
issue, acquisition, or redemption is made
Directors Resolution Listing
Rule 4.6.1
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
In accordance with the terms of the
Comvita Limited Performance
Share Rights Scheme
Date of issue/acquisition/redemption
2
4 November 2025
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement Karl Gradon
Contact person for this announcement Susan Dinneen
Contact phone number +21 101 5757
Contact email address susan.dinneen@comvita.com
Date of release through MAP 4 November 2025