Disclosure of Senior Managers Relevant Interests

Stock exchange listings: New Zealand (NZX: AIR) / Australia (ASX: AIZ) / ADR (OTC : ANZLY)


MARKET ANNOUNCEMENT

Air New Zealand postal address: Private Bag 92007, Auckland, 1142, New Zealand
Investor Relations email: investor@airnz.co.nz
Investor website: www.airnewzealand.co.nz/investor


18 December 2025

Disclosure of Senior Managers Relevant Interests


Air New Zealand has received the attached NZX Ongoing Disclosure Notices from Nikki Dines,
Kiri Hannifin, Nathan McGraw, Jeremy O'Brien, Nikhil Ravishankar, Richard Thomson, Michael
Williams and Scott Wilkinson in relation to the award of share rights.

Ends.

This announcement is authorised for release on the NZX and ASX by Jennifer Page, General
Counsel & Company Secretary, jennifer.page@airnz.co.nz


For investor relations queries, please contact:
Kim Cootes
Head of Investor Relations
kim.cootes@airnz.co.nz
+64 27 297 0244

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer: Air New Zealand
Date this disclosure made:18-Dec-25
Date of last disclosure: 13-Nov-25
Director or senior manager giving disclosure
Full name(s):Nikki Dines
Name of listed issuer:Air New Zealand
Name of related body corporate (if applicable):
Position held in listed issuer:Chief People Officer
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Rights convertible to
Ordinary Shares ("Rights")
Nature of the affected relevant interest(s):
Power to acquire Ordinary
Shares in accordance with
the terms of the Rights
For that relevant interest-
Number held in class before acquisition or disposal:2,235,923
Number held in class after acquisition or disposal:3,385,923
Current registered holder(s):Nikki Dines
Registered holder(s) once transfers are registered:Nikki Dines
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:
1
Details of transactions requiring disclosure
Date of transaction:
16-Dec-25
Nature of transaction:
Issue of 2025 Rights to
acquire Ordinary Shares
upon satisfaction of terms
Name of any other party or parties to the transaction (if known):
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily converted into a
cash value, describe the consideration:
Number of financial products to which the transaction related:
1,150,000
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
not applicable
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:not applicable
Date of the prior written clearance (if any):
Summary of other relevant interests after acquisition or disposal
Class of affected quoted financial products: Ordinary Shares (NZX:AIR)
Nature of the affected relevant interest(s):
Registered holder: beneficial
owner
For that relevant interest-
Number held in class:71,454
Registered holder(s) once transfers are registered:Nikki Dines
Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature:18-Dec-25
Name and title of authorised person:
Felicity Cammock
Senior People Specialist

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer: Air New Zealand
Date this disclosure made:18-Dec-25
Date of last disclosure: 23-Oct-24
Director or senior manager giving disclosure
Full name(s):Kiri Hannifin
Name of listed issuer:Air New Zealand
Name of related body corporate (if applicable):
Position held in listed issuer:
Chief Sustainability &
Corporate Affairs Officer
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Rights convertible to Ordinary
Shares ("Rights")
Nature of the affected relevant interest(s):
Power to acquire Ordinary
Shares in accordance with
the terms of the Rights
For that relevant interest-
Number held in class before acquisition or disposal:1,523,808
Number held in class after acquisition or disposal:2,495,236
Current registered holder(s):Kiri Hannifin
Registered holder(s) once transfers are registered:Kiri Hannifin
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:
1
Details of transactions requiring disclosure
Date of transaction:
16-Dec-25
Nature of transaction:
Issue of 2025 Rights to
acquire Ordinary Shares
upon satisfaction of terms
Name of any other party or parties to the transaction (if known):
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily converted into a
cash value, describe the consideration:Rights issued at no cost
Number of financial products to which the transaction related:
971,428
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
not applicable
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:not applicable
Date of the prior written clearance (if any):
Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature:18-Dec-25
Name and title of authorised person:
Felicity Cammock
Senior People Specialist

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer: Air New Zealand
Date this disclosure made:18-Dec-25
Date of last disclosure: 13-Nov-25
Director or senior manager giving disclosure
Full name(s):Nathan McGraw
Name of listed issuer:Air New Zealand
Name of related body corporate (if applicable):
Position held in listed issuer:Chief Safety & Risk Officer
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Rights convertible to
Ordinary Shares ("Rights")
Nature of the affected relevant interest(s):
Power to acquire Ordinary
Shares in accordance with
the terms of the Rights
For that relevant interest-
Number held in class before acquisition or disposal:599,077
Number held in class after acquisition or disposal:1,406,219
Current registered holder(s):Nathan McGraw
Registered holder(s) once transfers are registered:Nathan McGraw
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:
1
Details of transactions requiring disclosure
Date of transaction:
16-Dec-25
Nature of transaction:
Issue of 2025 Rights to
acquire Ordinary Shares
upon satisfaction of terms
Name of any other party or parties to the transaction (if known):
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily converted into a
cash value, describe the consideration:
Number of financial products to which the transaction related:
807,142
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
not applicable
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:not applicable
Date of the prior written clearance (if any):
Summary of other relevant interests after acquisition or disposal
Class of affected quoted financial products: Ordinary Shares (NZX:AIR)
Nature of the affected relevant interest(s):
Registered holder: beneficial
owner
For that relevant interest-
Number held in class:221
Registered holder(s) once transfers are registered:Nathan McGraw
Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature:18-Dec-25
Name and title of authorised person:
Felicity Cammock
Senior People Specialist

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer: Air New Zealand
Date this disclosure made:18-Dec-25
Date of last disclosure: 13-Nov-25
Director or senior manager giving disclosure
Full name(s):Jeremy O'Brien
Name of listed issuer:Air New Zealand
Name of related body corporate (if applicable):
Position held in listed issuer:
Chief Customer & Digital
Officer
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Rights convertible to Ordinary
Shares ("Rights")
Nature of the affected relevant interest(s):
Power to acquire Ordinary
Shares in accordance with
the terms of the Rights
For that relevant interest-
Number held in class before acquisition or disposal:864,184
Number held in class after acquisition or disposal:1,899,898
Current registered holder(s):Jeremy O'Brien
Registered holder(s) once transfers are registered:Jeremy O'Brien
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:
1
Details of transactions requiring disclosure
Date of transaction:
16-Dec-25
Nature of transaction:
Issue of 2025 Rights to
acquire Ordinary Shares
upon satisfaction of terms
Name of any other party or parties to the transaction (if known):
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily converted into a
cash value, describe the consideration:Rights issued at no cost
Number of financial products to which the transaction related:
1,035,714
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
not applicable
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:not applicable
Date of the prior written clearance (if any):
Summary of other relevant interests after acquisition or disposal
Class of affected quoted financial products: Ordinary Shares (NZX:AIR)
Nature of the affected relevant interest(s):
Registered holder: beneficial
owner
For that relevant interest-
Number held in class:120,311
Registered holder(s) once transfers are registered:Jeremy O'Brien
Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature:18-Dec-25
Name and title of authorised person:
Felicity Cammock
Senior People Specialist

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer: Air New Zealand
Date this disclosure made:18-Dec-25
Date of last disclosure: 13-Nov-25
Director or senior manager giving disclosure
Full name(s):Nikhil DR
Name of listed issuer:Air New Zealand
Name of related body corporate (if applicable):
Position held in listed issuer:Chief Executive Officer
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Rights convertible to Ordinary
Shares ("Rights")
Nature of the affected relevant interest(s):
Power to acquire Ordinary
Shares in accordance with
the terms of the Rights
For that relevant interest-
Number held in class before acquisition or disposal:2,252,956
Number held in class after acquisition or disposal:5,415,456
Current registered holder(s):Nikhil DR
Registered holder(s) once transfers are registered:Nikhil DR
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:
1
Details of transactions requiring disclosure
Date of transaction:
16-Dec-25
Nature of transaction:
Issue of 2025 Rights to
acquire Ordinary Shares
upon satisfaction of terms
Name of any other party or parties to the transaction (if known):
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily converted into a
cash value, describe the consideration:
Number of financial products to which the transaction related:
3,162,500
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
not applicable
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:not applicable
Date of the prior written clearance (if any):
Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature:18-Dec-25
Name and title of authorised person:
Felicity Cammock
Senior People Specialist

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer: Air New Zealand
Date this disclosure made:18-Dec-25
Date of last disclosure: 13-Nov-25
Director or senior manager giving disclosure
Full name(s):Richard Thomson
Name of listed issuer:Air New Zealand
Name of related body corporate (if applicable):
Position held in listed issuer:Chief Financial Officer
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Rights convertible to Ordinary
Shares ("Rights")
Nature of the affected relevant interest(s):
Power to acquire Ordinary
Shares in accordance with
the terms of the Rights
For that relevant interest-
Number held in class before acquisition or disposal:2,236,289
Number held in class after acquisition or disposal:3,379,147
Current registered holder(s):Richard Thomson
Registered holder(s) once transfers are registered:Richard Thomson
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:
1
Details of transactions requiring disclosure
Date of transaction:
16-Dec-25
Nature of transaction:
Issue of 2025 Rights to
acquire Ordinary Shares
upon satisfaction of terms
Name of any other party or parties to the transaction (if known):
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily converted into a
cash value, describe the consideration:
Number of financial products to which the transaction related:
1,142,858
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
not applicable
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:not applicable
Date of the prior written clearance (if any):
Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature:18-Dec-25
Name and title of authorised person:
Felicity Cammock
Senior People Specialist

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer: Air New Zealand
Date this disclosure made:18-Dec-25
Date of last disclosure: 13-Nov-25
Director or senior manager giving disclosure
Full name(s):Michael Williams
Name of listed issuer:Air New Zealand
Name of related body corporate (if applicable):
Position held in listed issuer:
Chief Transformation and
Alliances Officer
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Rights convertible to Ordinary
Shares ("Rights")
Nature of the affected relevant interest(s):
Power to acquire Ordinary
Shares in accordance with
the terms of the Rights
For that relevant interest-
Number held in class before acquisition or disposal:1,846,733
Number held in class after acquisition or disposal:2,796,733
Current registered holder(s):Michael Williams
Registered holder(s) once transfers are registered:Michael Williams
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:
1
Details of transactions requiring disclosure
Date of transaction:
16-Dec-25
Nature of transaction:
Issue of 2025 Rights to
acquire Ordinary Shares
upon satisfaction of terms
Name of any other party or parties to the transaction (if known):
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily converted into a
cash value, describe the consideration:
Number of financial products to which the transaction related:
950,000
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
not applicable
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:not applicable
Date of the prior written clearance (if any):
Summary of other relevant interests after acquisition or disposal
Class of affected quoted financial products: Ordinary Shares (NZX:AIR)
Nature of the affected relevant interest(s):
Registered holder: beneficial
owner
For that relevant interest-
Number held in class:145,017
Registered holder(s) once transfers are registered:Michael Williams
Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature:18-Dec-25
Name and title of authorised person:
Felicity Cammock
Senior People Specialist