Various Changes in Directors and Substantial Holdings

1
Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both
Sections 277 and 278, Financial Markets Conduct Act 2013
To NZX Limited
and
To Enprise Group Limited
Relevant event being disclosed: Movement of 1% or more in substantial holding arising from allotment under
Rights Issue
Date of relevant event: 31 December 2025
Date this disclosure made: 7 January 2026
Date last disclosure made: 5 October 2023
Substantial product holder(s) giving disclosure
Full name(s): Ronald Ivor Baskind
Summary of substantial holding
Class of quoted voting products: Ordinary Shares – NZENSE0001S2
Summary for :
Ronald Ivor Baskind 3,878,694

For this disclosure,—
(a) total number held in class: 3,878,694
(b) total in class: 21,781,325 quoted shares (excluding 16,009 shares currently held as treasury stock)
(c) total percentage held in class: 17.807%

For last disclosure,—

(a) total number held in class: 3,526,085
(b) total in class: 20,068,057
(c) total percentage held in class: 17.571%

Summary for :
Red Cow Investments Pty. Limited 2,671,276

For this disclosure,—
(a) total number held in class: 2,671,276
(b) total in class: 21,781,325
(c) total percentage held in class: 12.264%

2

For last disclosure,—

(a) total number held in class: 2,671,276
(b) total in class: 20,068,057
(c) total percentage held in class: 13.311%

Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:
Allotment to Ronald Ivor Baskind of 352,609 shares in rights issue on 31 December 2025 at issue price of
A$0.40 each.
Details after relevant event
Details for Ronald Ivor Baskind:
Nature of relevant interest: Mr Baskind is the registered holder and beneficial owner
For that relevant interest:
(a) total number held in class: 1,207,418
(b) percentage held in class: 5.543%
(c) current registered holder: Ronald Ivor Baskind
(d) registered holder once transfers are registered: N/A

Nature of relevant interest: Mr Baskind is associated with Red Cow Investments Pty Limited, the corporate
trustee of Red Cow Trust
For that relevant interest:
(a) total number held in class: 2,671,276
(b) percentage held in class: 12.264%
(c) current registered holder: Red Cow Investments Pty Limited
(d) registered holder once transfers are registered: N/A

Details for Red Cow Investments Pty Limited
Nature of relevant interest: Red Cow Investments Pty Limited is the registered holder and corporate trustee
for Red Cow Trust a trust associated with Mr Baskind
(a) total number held in class: 2,671,276
(b) percentage held in class: 12.264%
(c) current registered holder: Red Cow Investments Pty Limited
(d) registered holder once transfers are registered: N/A

Additional information
Address(es) of substantial product holder(s): Tower 2, Level 14, 101 Grafton Street, Bondi Junction, NSW
2022
Contact details: Ronald Baskind, ronnie.baskind@k-c.com.au, phone: +61 2 8923 5555

3

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
Ronald Ivor Baskind is also a director of Enprise Group Limited. This disclosure also constitutes disclosure
for the purposes of the directors’ and senior managers’ disclosure obligations.

Certification
I, Ronald Ivor Baskind, 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.

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1
Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both
Sections 277 and 278, Financial Markets Conduct Act 2013
To NZX Limited
and
To Enprise Group Limited
Relevant event being disclosed: Movement of 1% or more in substantial holding arising from allotment under
Rights Issue
Date of relevant event: 31 December 2025
Date this disclosure made: 7 January 2026
Date last disclosure made: 5 October 2023
Substantial product holder(s) giving disclosure
Full name(s): Lindsay John Phillips and Nightingale Partners Pty Limited
Summary of substantial holding
Class of quoted voting products: Ordinary Shares (ENS) – NZENSE0001S2
Summary for :
Lindsay John Philips and Nightingale Partners Pty Limited 4,414,970

For this disclosure,—
(a) total number held in class: 4,414,970
(b) total in class: 21,781,325 quoted shares (excluding 16,009 shares currently held as treasury stock)
(c) total percentage held in class: 20.270%

For last disclosure,—

(a) total number held in class: 4,080,839
(b) total in class: 20,068,057
(c) total percentage held in class: 20.335%

Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:
On 27 September 2024, Lindsay Phillips disclosed in a director disclosure notice that Nightingale had reduced
its shareholding by 66,430 shares for $29,893 to 4,013,609 shares (a less than 1% movement) which reduced
its then percentage holding to 19.998% back under the Takeovers Code threshold within the period to time
required by the Takeovers Code class exemption referred to in the last substantial product holder disclosure
notice dated 5 October 2023.
Allotment of pro rata entitlement of 401,361 shares in rights issue on 31 December 2025 at an issue price of
A$0.40 each. The substantial product holder relies on clause 8 of the Takeovers Code (Class Exemptions)
Notice (No 2) 2001 to hold or control voting rights in excess of 20% of the total voting rights in Enprise Group
Limited, subject to the conditions of that exemption.

2
Details after relevant event
Details for Lindsay John Phillips:
Nature of relevant interest: Mr Phillips is managing director of, and is otherwise associated with, private
investment fund manager Nightingale Partners Pty Limited and has power to control the voting and
investment decisions of Nightingale.
For that relevant interest:
(a) total number held in class: 4,414,970
(b) percentage held in class: 20.270%
(c) current registered holder: Nightingale Partners Pty Limited
(d) registered holder once transfers are registered: N/A

Details for Nightingale Partners Pty Limited
Nature of relevant interest: registered holder
For that relevant interest:
(a) total number held in class: 4,414,970
(b) percentage held in class: 20.270%
(c) current registered holder: Nightingale Partners Pty Limited
(d) registered holder once transfers are registered: N/A

Additional information
Address(es) of substantial product holder(s): PO Box R348, Royal Exchange, NSW 1225, Australia
Contact details: Lindsay John Phillips, 37 Pearl Bay Ave, Mosman, Sydney, NSW, Australia,
ljp@nightingale.com.au.

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
Lindsay John Phillips was a director of Enprise Group Limited until 22 December 2025. This disclosure also
constitutes disclosure for Mr Phillips as a former director for the purposes of the directors’ and senior
managers’ disclosure obligations (which requires disclosure of changes in relevant interest up to six months
following a director’s resignation).

Certification
I, Lindsay John Phillips, 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.