Exercise of share options

Template
Capital Change Notice

Updated as at February 2025

Section 1: Issuer information
Name of issuer Turners Automotive Group Limited
NZX 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 50,000
Nominal value (if any) n/a
Issue/acquisition/redemption price per security $2.00
Nature of the payment (for example, cash or other
consideration)
Cash settled
Amount paid up (if not in full) $100,000
Percentage of total class of Financial Products
issued
0.0551%
For an issue of Convertible Financial Products or
Options, the principal terms of Conversion or the
Option
n/a
Reason for issue and specific authority for issue
Issue of options under the Turners
Automotive Group Limited Option Plan.
Total number of Financial Products of the Class
after the issue/acquisition/redemption
90,844,416
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 is made
Board resolutions dated 6 July 2020 and
NZX Listing Rule 4.6.1.
Terms or details of the issue
Ordinary shares issued rank pari passu
with existing ordinary shares
Date of issue/acquisition/redemption 10/12/2025
Section 3: Authority for this announcement and contact person
Name of person authorised to make this
announcement
Barbara Badish
Contact person for this announcement Todd William Hunter
Contact phone number 021 722 818
Contact email address Todd.Hunter@turners.co.nz
Date of release through MAP 10/12/2025