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 2023 (the 2023 LTI Grant).
ISIN (If unknown, check on NZX website) Not applicable
Currency NZD
Section 2: Capital change details
Number cancelled 716,530 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)
The LTI PSRs for the 2023 LTI Grant
comprise 100% 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 LTI PSRs authorised per the
terms and conditions of the 2023 LTI
Grant and Directors’ resolution dated
26 March 2026.
The vesting conditions have not been
met. The PSRs are hereby cancelled.
The latest issue of 2023 LTI PSRs
was made on 4 July 2023 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.
0
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 26 March
2026.
Terms or details of the issue, acquisition, or redemption
(for example: restrictions, escrow arrangements)
Not applicable.
Date of cancellation 26 March 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 26 March 2026