Capital Change Notice - Issue of Shares

Appendix 2A - Application for quotation of securities
Appendix 2A - Application for quotation of securities
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Announcement Summary
Entity name
TRADE WINDOW HOLDINGS LIMITED
Announcement Type
New announcement
Date of this announcement
Thursday February 19, 2026
The +securities to be quoted are:
Total number of +securities to be quoted
ASX +security
codeSecurity description
Number of +securities to
be quotedIssue date
TWLORDINARY FULLY PAID FOREIGN EXEMPT
NZX
883,48919/02/2026
Refer to next page for full details of the announcement
+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Appendix 2A - Application for quotation of securities
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Part 1 - Entity and announcement details
1.1 Name of entity
TRADE WINDOW HOLDINGS LIMITED
We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix
2A of the ASX Listing Rules.
1.2 Registered number type
ARBN
Registration number
691932546
1.3 ASX issuer code
TWL
1.4 The announcement is
1.5 Date of this announcement
19/2/2026
New announcement

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Part 2 - Type of Issue
2.1 The +securities to be quoted are:
Previous Appendix 3B details:
Announcement Date and
Time
02-Feb-2026 11:10
Announcement Title
New - Proposed issue of securities -
TWL
Selected Appendix 3B to submit quotation
request
An offer of +securities under a +securities
purchase plan
2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the
Appendix 3B?
No
+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

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Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B
Corporate Action Component Detail
ASX +security code and description
TWL : ORDINARY FULLY PAID FOREIGN EXEMPT NZX
Issue date
19/2/2026
Issue details
Number of +securities to be quoted
883,489
Issue currency
NZD - New Zealand Dollar
Issue price or consideration per +security
NZD 0.25000000
Any other information the entity wishes to provide about the +securities to be quoted

Appendix 2A - Application for quotation of securities
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Part 4 - Issued capital following quotation
Following the quotation of the +securities the subject of this application, the issued capital of the entity will
comprise:
The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if
other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.
4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the
+securities subject of this application)
ASX +security code and description
Total number of
+securities on issue
TWL : ORDINARY FULLY PAID FOREIGN EXEMPT NZX163,361,489
4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)
ASX +security code and description
Total number of
+securities on issue
TWLAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES776,999

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Template
Capital Change Notice

Updated as at February 2025

Please do not amend or delete individual rows. As this template relates to prescribed content, changes to content
should only be made where it is clearly indicated that this is permitted, otherwise, if an Issuer considers a particular
element does not apply, mark the row as N/A. Any other changes to this prescribed form must first be approved by
NZX as required under NZX Listing Rule 3.26.1.

Section 1: Issuer information
Name of issuer Trade Window Holdings Limited
NZX ticker code TWL
Class of financial product Ordinary Shares in Trade Window Holdings
Limited
ISIN (If unknown, check on NZX website) NZTWLE0004S0
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 883,489 Ordinary Shares in TWL
Nominal value (if any) N/A
Issue/acquisition/redemption price per security NZ$0.25
Nature of the payment (for example, cash or
other consideration)
Cash
Amount paid up (if not in full) Fully paid
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)
1

TradeWindow has a total of 162,478,000
ordinary shares on issue and a total of 776,999
share options on issue.

The issuance of the shares represents 0.54%
of the 163,254,999 Financial Products (being
the total number of ordinary shares should all
share options be exercised).
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)
N/A
Reason for issue/acquisition/redemption and
specific authority for
issue/acquisition/redemption/ (the reason for
change must be identified here)
Allotment of 883,489 ordinary shares under a
share purchase plan conducted by Trade
Window Holdings Limited announced on 2
February 2026.
Total number of Financial Products of the
Class after the
issue/acquisition/redemption/Conversion
(excluding Treasury Stock) and the total
Total ordinary shares on issue are 163,361,489

Total share options issues are 776,999

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

number of Financial Products of the Class
held as Treasury Stock after the
issue/acquisition/redemption.
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
Authorised by a resolution of the Board dated
30 January 2026. The share purchase plan is
being made pursuant to NZX Listing Rule 4.5.1.
Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
The new shares will rank equally with all other
fully paid ordinary shares on issue.
Date of issue/acquisition/redemption
2
19 February 2026
Section 3: Disclosure required for Placements made under Rule 4.5.1
[Issuers may opt to release Section 3 information (if not already done so) in a separate announcement within five Business Days of
the issuance. Delete this Section 3 if capital change is not the result of a Placement under Rule 4.5.1]

Details of the approach in identifying investors
who were able to participate in the offer and
how their respective allocations in the offer
were determined.

The explanation must set out the key
objectives and criteria the Issuer adopted in
the allocation process, whether one of those
objectives was a best effort to allocate on a
pro rata basis to existing holders of the
Issuer’s Equity Securities, and any significant
exceptions or deviations from those objectives
and criteria.
Section 3 disclosure information has been
released at TWL announcement dated 2
February 2026. Please see the following link to
the relevant announcement

(https://www.nzx.com/announcements/466784).
Section 4: Authority for this announcement and contact person
Name of person

authorised to make this
announcement
Andrew Balgarnie, Chief Strategy Officer
Contact person for this announcement Andrew Balgarnie
Contact phone number +64 27 559 4133
Contact email address andrew@tradewindow.io
Date of release through MAP

19/02/2026





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).