Capital Change Notice - Performance Share Rights

Capital Change Notice



Section 1: Issuer information
Name of issuer NZME Limited
NZX ticker code NZM
Class of financial product
Unquoted long term performance
share rights (LTI PSRs), convertible
to NZME Limited ordinary shares
pursuant to NZME’s Total Incentive
Plan 2024 (the 2024 LTI Grant).
ISIN (If unknown, check on NZX website) Not applicable
Currency NZD
Section 2: Capital change details
Number cancelled 182,985 LTI PSRs
Nominal value (if any) Nil
Issue/acquisition/redemption price per security Nil
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
cancelled (calculated on the number of Financial
Products of the Class, excluding any Treasury Stock, in
existence)
1

18.3% of the financial products of that
class.

NZME has other performance share
rights on issue from previous grants
under its Total Incentive Plan. Those
other performance share rights are
treated as a different class as they
are subject to different vesting
conditions
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 cancellation and specific authority for
cancellation (the reason for change must be identified
here)
Lapse of PSRs authorised per the
terms and conditions of the 2024 LTI
Grant and Directors’ resolution dated
3 January 2026.
Certain participants in NZME’s

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

Total Incentive Plan will cease to be
employed by the Company by the
vesting date, therefore, the vesting
conditions will not be met. The LTI
PSRs are hereby cancelled.

The latest issue of 2024 LTI PSRs
was made on 31 May 2024 and a
summary of the terms (including
performance hurdles and applicable
measurement dates) were set out in
the NZX announcement made on that
date. NZME has other performance
share rights issued separately since
that date under its Total Incentive
Plan.
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.
814,185
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 dated 3 January
2026
Terms or details of the issue, acquisition, or redemption
(for example: restrictions, escrow arrangements)
Not applicable
Date of cancellation 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

---

Capital Change Notice



Section 1: Issuer information
Name of issuer NZME Limited
NZX ticker code NZM
Class of financial product
Unquoted short term performance
share rights (STI PSRs),
convertible to NZME Limited
ordinary shares pursuant to
NZME’s Total Incentive Plan 2024
(the 2024 STI Grant)
ISIN (If unknown, check on NZX website) Not applicable
Currency NZD
Section 2: Capital change details
Number cancelled
63,523 STI PSRs
Nominal value (if any) Nil
Issue/acquisition/redemption price per security Nil
Nature of the payment (for example, cash or other
consideration)
No consideration is payable for
the STI PSRs
Amount paid up (if not in full) Not applicable
Percentage of total class of Financial Products cancelled
(calculated on the number of Financial Products of the
Class, excluding any Treasury Stock, in existence)
1

12.1% of the financial products of
that class

NZME has other performance
share rights on issue from
previous grants under its Total
Incentive Plan. Those other
performance share rights are
treated as a different class as they
are subject to different vesting
conditions
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 cancellation and specific authority for
cancellation (the reason for change must be identified here)
Lapse of Performance Rights
Authorised per the terms and
conditions of the 2024 STI Grant
and directors’ resolution dated 3
January 2026.

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

Certain participants in NZME’s
Total Incentive Plan will cease to
be employed by the Company by
the vesting date, therefore, the
vesting conditions will not be met.
The STI PSRs are hereby
cancelled

The latest issue of 2024 STI PSRs
was made on 26 February 2025
and a summary of the terms
(including performance hurdles
and applicable measurement
dates) were set out in the NZX
announcement made on that date.
NZME has other performance
share rights issued separately
since
that date under its Total Incentive
Plan.
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.
461,998
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 dated 3
January 2026
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Not applicable
Date of cancellation
2
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




2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).

---

Capital Change Notice



Section 1: Issuer information
Name of issuer NZME Limited
NZX ticker code NZM
Class of financial product
Unquoted long term performance
share rights (LTI PSRs), convertible
to NZME Limited ordinary shares
pursuant to NZME’s Total Incentive
Plan 2025 (the 2025 LTI Grant).
ISIN (If unknown, check on NZX website) Not applicable
Currency NZD
Section 2: Capital change details
Number cancelled 154,066 LTI PSRs
Nominal value (if any) Nil
Issue/acquisition/redemption price per security Nil
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
cancelled (calculated on the number of Financial
Products of the Class, excluding any Treasury Stock, in
existence)
1

23.6% of the financial products of that
class.

NZME has other performance share
rights on issue from previous grants
under its Total Incentive Plan. Those
other performance share rights are
treated as a different class as they
are subject to different vesting
conditions
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 cancellation and specific authority for
cancellation (the reason for change must be identified
here)
Lapse of PSRs authorised per the
terms and conditions of the 2025 LTI
Grant and Directors’ resolution dated
3 January 2026.
Certain participants in NZME’s

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

Total Incentive Plan will cease to be
employed by the Company by the
vesting date, therefore, the vesting
conditions will not be met. The LTI
PSRs are hereby cancelled.

The latest issue of 2025 LTI PSRs
was made on 29 May 2025 and a
summary of the terms (including
performance hurdles and applicable
measurement dates) were set out in
the NZX announcement made on that
date. NZME has other performance
share rights issued separately since
that date under its Total Incentive
Plan.
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.
498,550
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 dated 3 January
2026
Terms or details of the issue, acquisition, or redemption
(for example: restrictions, escrow arrangements)
Not applicable
Date of cancellation 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