Comvita Rights Offer Closing Date Reminder

Not for release to US wire services or distribution in the United States

4 May 2026

Comvita Rights Offer Closing Date Reminder

Comvita Limited (NZX: CVT) would like to remind Eligible Shareholders that its pro-rata renounceable Rights Offer
will close at 5.00pm on Thursday 7 May 2026 NZST.
The Rights Offer is part of the Capital Raise announced on 15 April 2026 to facilitate bank refinancing. The raise is
partially underwritten by F&N Ventures Pte. Ltd (F&N),
1
a subsidiary of Singapore listed Fraser and Neave, Limited,
a leading Southeast Asian consumer group, who will join the Comvita register as a strategic investor.
2

Eligible Shareholders may subscribe for 1 New Share for every 1.53 existing shares held at 5.00pm NZST on the
Record Date of Wednesday 22 April 2026, at an Offer Price of NZ$0.65 per New Share. The Offer Price of NZ$0.65
per New Share represents:
• a 4.4% discount to the last traded price on NZX of NZ$0.68 on Tuesday 14 April 2026 and;
• a 2.7% discount to the Theoretical Ex-Rights Price (TERP) of NZ$0.67.
3

Eligible Shareholders who take up their Rights in full have the opportunity to apply for Additional New Shares
through the Oversubscription Facility up to a maximum amount of Additional New Shares equal to the greater of
100% of their Rights entitlement or $500,000. Comvita will determine allocations and any necessary scaling of
Applications for Additional New Shares under the Oversubscription Facility. Allocations of New Shares under the
oversubscription facility are not guaranteed. For further information about the oversubscription facility, see the
Offer Document.
Applications by Eligible Shareholders can be made online at www.comvita.rightsoffer.co.nz before 5.00pm on
Thursday 7 May 2026 NZST.


1
F&N, when used in this NZX release, refers to Fraser and Neave, Limited, its wholly-owned subsidiary F&N Ventures Pte. Ltd., and/or
other subsidiaries which together comprise the F&N Group.
2
For more information on F&N, please visit www.fraserandneave.com.
3
TERP is the theoretical price at which Comvita’s shares trade immediately after the ex-date for the Rights Offer. TERP is a theoretical
calculation only and the actual price at which Comvita shares trade on NZX immediately after the ex-date for the Rights Offer will
depend on many factors and may not be equal to TERP. TERP is calculated by reference to the last traded price of Comvita shares on
NZX on Tuesday, 14 April 2026 being the last trading day prior to the announcement of the Rights Offer and includes all New Shares
issued under the Rights Offer.

Further information
The Offer Document and Investor Presentation are available at www.comvita.rightsoffer.co.nz.
Eligible Shareholders are encouraged to read all materials before making a decision whether to participate and
seek financial, investment or other professional advice from a qualified professional adviser.
Capitalised terms used in this announcement are as defined in the Offer Document.
ENDS

For further information:
Karl Gradon | Comvita
karl.gradon@comvita.com

Media contact
Kate Walsh
021 858 619
kate@katewalsh.co.nz

Background information
Comvita (NZX:CVT) was founded in 1974, with a purpose to improve people's health through the power of
nature. Comvita is the largest producer of UMF™ certified Mānuka honey, with a team of over 400 people, and
operations in New Zealand, Australia, Greater China, North America, Japan, Korea and Southeast
Asia. Comvita’s vertically integrated supply chain runs from its own Mānuka forests and beehives in New Zealand
through to an international omni-channel distribution model. Comvita operates its own government-recognised
and accredited laboratory to test and verify that all bee-product ingredients are of the highest quality. It also
maintains an ongoing scientific research programme to deepen understanding of Mānuka trees, bee welfare and
the benefits of Mānuka honey. Comvita has planted millions of native Mānuka trees, improving natural
ecosystems and biodiversity, mitigating climate change, and helping ensure the sustainable supply of high quality
Mānuka honey. In 2023, Comvita became a certified B Corp, joining a global community of businesses that see
business as a force for good.

US Restrictions
This announcement has been prepared for publication in New Zealand and may not be released to US wire services
or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an
offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement
have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the
United States except in transactions exempt from, or not subject to, the registration of the US Securities Act and
applicable US state securities laws.