SPH Notice

1
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To NZX Limited
and
To Trade Window Holdings Limited (“TWL”)
Date this disclosure made: 31 December 2025
Date last disclosure made: 3 September 2025
Date on which substantial holding ceased: 23 December 2025
Substantial product holder(s) giving disclosure
Full name(s): Albertus Johannes Smith
Summary of previous substantial holding
Class of quoted voting products: Ordinary Shares in Trade Window Holdings Limited (NZX
Ticker Code: TWL)
Summary for Albertus Johannes Smith
For last disclosure,—
(a) total number held in class: 7,799,694
(b) total in class: 130,180,713
(c) total percentage held in class: 5.81%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 6,888,694
(b) total in class: 162,478,000
(c) total percentage held in class: 4.24%
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure: On 23 December 2025 and
29 December 2025, Albertus Johannes Smith completed an on-market sale of 211,000
ordinary shares in Trade Window Holdings Limited for approximately $0.29 per share for
transactions that took place on 23 December 2025, and $0.295 per share for transactions
that took place on 29 December 2025, for a total consideration of NZ$61,225.00 as part of
a personal share portfolio restructure.
Additional information
Address(es) of substantial product holder(s): 24 ST MARTIN PLACE, CLEAR ISLAND
WATERS QLD, AUSTRALIA 4226
Contact details: AJ Smith, +6421 592 777, AJ@tradewindow.io

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Nature of connection between substantial product holders: N/A
Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial
products to which this disclosure relates: N/A
Disclosure has effect for purposes of directors’ and senior managers’ disclosure
Albertus Johannes Smith is also a director of Trade Window Holdings Limited. This
disclosure also constitutes disclosure for the purposes of the directors’ and senior
managers’ disclosure obligations.
Certification
I, Albertus Johannes Smith, 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.