Notice of issue of shares under NZME's Total Incentive Plan

Notice of issue of ordinary shares under NZME’s total incentive plan
This notice is given under the NZX Listing Rules 3.13.1 and 3.15.2 and relates to the exercise of performance
rights under the 2024 tranche of NZME’s total incentive plan – STI component (2024 STI TIP) pursuant to
which participants were issued performance rights which entitle them to receive fully paid ordinary shares in
NZME should certain criteria be met.
After the exercise of the performance rights detailed in this notice, there will be no further remaining
performance rights of that same class.
Section 1: Issuer information
Name of issuer NZME Limited
NZX ticker code NZM
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZNZME0001S0
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 281,815
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security Nil
Nature of the payment (for example, cash or other consideration)
Upon the end of the one year
deferral period on 31 December
2025 for each performance right
under the 2024 STI TIP the holder
is entitled to one ordinary share in
NZME Limited (NZME) for no
cash payment. Participants have
elected to receive 61% of the
shares to which they would
otherwise be entitled to reflect the
tax treatment of the 2024 STI TIP.
Further details of the 2024 STI
TIP are included within NZME’s
annual report.
Amount paid up (if not in full)

Fully paid ordinary shares
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)
0.15%
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)
Exercise of 281,815 performance
rights under the 2024 STI TIP
(see details above) authorised by
Directors’ resolution dated 3
January 2026.
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.
188,181,619

No Treasury Stock held
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, acquisition, or
redemption is made
Directors’ resolution dated 3
January 2026 pursuant to NZX
Listing Rule 4.6.1 and 4.9.1(b).
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The shares issued are quoted
ordinary shares ranking equally
with the existing ordinary shares
on issue of NZME
Date of issue/acquisition/redemption 5 January 2026
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement Genevieve O’Halloran
Contact person for this announcement Genevieve O’Halloran
Contact phone number 027 406 3467
Contact email address Genevieve.ohalloran@nzme.co.nz
Date of release through MAP 5 January 2026