Compulsory Acquisition Notice

Bourns, Inc.
1200 Columbia Avenue, Riverside, California, 92507 USA



43955423
18 May 2026

To: Outstanding Share and Share Right Holders in Rakon Limited

COMPULSORY ACQUISITION NOTICE UNDER PART 7 OF THE TAKEOVERS CODE IN RESPECT OF
SHARES AND SHARE RIGHTS IN RAKON LIMITED

Background

On 9 February 2026, Bourns, Inc. (Bourns) made a takeover offer for all of the ordinary shares
(Shares), and all of the unlisted share rights to acquire Shares which are subject to the terms of
the Rakon Limited’s Long Term Incentive Plan (Share Rights) in Rakon Limited (Rakon) (Offer).

On 1 May 2026, the Offer was declared unconditional in all respects. On 8 May 2026, Bourns
made payment to Shareholders who had accepted the Offer and, in accordance with the terms
of the Offer, became the holder of 90% or more of the voting rights in Rakon. As a result, Bourns
announced on that date that it had become the “dominant owner” of Rakon for the purposes of
the compulsory acquisition provisions of the Takeovers Code. The offer period for the Offer
ended at 11:59 pm on 15 May 2026.

Bourns to acquire outstanding Shares

Bourns is now exercising its compulsory acquisition rights under Part 7 of the Takeovers Code.
The purpose of this notice is to advise you that Bourns requires you (as an outstanding holder
of Shares or Share Rights) to transfer all of your Shares and/or Share Rights to Bourns.

The consideration which will be paid to you for the outstanding Shares and Share Rights will be
the same as that under the Offer, being $1.55 per Share or Share Right.

Return of the Transfer Form

This notice is accompanied by an instrument of transfer (the Transfer Form). You may return
the completed Transfer Form by email, post or delivery to the following addresses, so as to be
received by Bourns by 11:59pm on 9 June 2026 (being 15 working days after the date on which
this notice is sent):

By email:
Email a scanned copy to: tkoacceptances@computershare.co.nz

If you do this, please use “RAK Transfer Form” as the subject line of the email for easy
identification.

By post: By hand delivery:
Bourns, Inc. Bourns, Inc.
c/- Computershare Investor Services Limited c/- Computershare Investor Services Limited
Private Bag 999045 Level 2, 159 Hurstmere Road
Victoria Street West Auckland 1142 Takapuna, Auckland, 0622
New Zealand New Zealand

Page 2
43955423

Payment of consideration

If you return the completed Transfer Form to Bourns by 11:59pm on 9 June 2026, Bourns will
pay you the consideration of $1.55 per Share or Share Right within 5 working days after Bourns
receives the completed Transfer Form by way of electronic funds transfer to a New Zealand
dollar account with a New Zealand registered bank specified by you in your Transfer Form.

If you wish to be paid the consideration in an alternative manner, please contact
Computershare. You can find Computershare’s details at the bottom of your Transfer Form.

If the Transfer Form is not returned

If you do not return the completed Transfer Form to Bourns by 11:59pm on 9 June 2026, then
Bourns will, by 16 June 2026 (being 5 working days after the expiry of the 15 working day period
referred to above):

(a) deliver to Rakon the consideration of $1.55 per Share or Share Right for all Shares or
Share Rights which Bourns does not already hold in respect of which a Transfer Form
has not been returned to Bourns; and

(b) send to Rakon an instrument of transfer for those Shares or Share Rights, executed on
behalf of the holders of those Shares by Bourns or its agent (as Bourns is required to
do under the Takeovers Code).

Any consideration received by Rakon under paragraph (a) must be held by Rakon in trust for the
relevant outstanding Rakon shareholders or Share Rights holders until it is claimed, in an
interest-bearing trust account with a registered bank. Those Rakon Share or Share Right holders
for whom the consideration relating to their Shares or Share Rights in Rakon is paid to Rakon
may claim that consideration directly from Rakon.

Rakon has engaged Computershare Investor Services Limited (its share registrar) to operate the
trust account and process claims on its behalf. If you do not return a signed Transfer Form by
11:59pm on 9 June 2026 and Bourns compulsorily acquires your equity securities, you can
contact Computershare Investor Services Limited to claim the consideration for your equity
securities (plus any accrued interest, less any applicable taxes) by phone on: 0800 991 101 (+64
9 488 8700) or by email at: tkoacceptances@computershare.co.nz.

Currency conversion

The consideration payable under the compulsory acquisition process is in New Zealand dollars.
Where payment is made in a currency other than New Zealand dollars, this will involve a
conversion of New Zealand dollars into a different currency at the time of payment. Any
conversion is solely at your own risk. You will be responsible for any applicable costs, exchange
rate spread and fees associated with that conversion, and you agree that we can deduct these
costs from the amount payable. We will not be responsible for, or have any liability in connection
with, any currency conversion or any fees or other costs that you are required to pay, or which
are deducted from the amount payable to you in connection with facilitating the payment to
you in a currency other than New Zealand dollars (including the applicable exchange rate).

Page 3
43955423
Information required by Rule 55 of the Takeovers Code

The details required to be stated in this notice by Rule 55 of the Takeovers Code are:

(a) Bourns holds or controls 90% or more of the voting rights in Rakon;

(b) all outstanding Share or Share Right holders in Rakon must sell their Share or Share
Rights in Rakon to Bourns;

(c) the consideration to be provided for those outstanding Share or Share Rights in Rakon
is $1.55 per Share or Share Right in cash, which is the same as the consideration
payable by Bourns under the Offer;

(d) all outstanding Share or Share Right holders in Rakon have the right to sell their Shares
or Share Rights to Bourns and be paid for those Shares or Share Rights in accordance
with Part 7 of the Takeovers Code;

(e) the date on which this notice is sent is 18 May 2026;

(f) this notice is accompanied by the Transfer Form for the transfer to Bourns of all Shares
or Share Rights in Rakon held by you; and

(g) the Transfer Form should be completed, signed and returned to Bourns, in accordance
with the instructions set out above, so as to be received by Bourns no later than
11:59pm on 9 June 2026.

Interpretation

In this notice, all sums of money referred to are in New Zealand currency and all time references
are to New Zealand times.

For and on behalf of Bourns, Inc. by:



Al Yost
President and Chief Operating Officer

cc Rakon Limited
8 Sylvia Park Road
Mt Wellington, Auckland
1060, New Zealand

cc The Takeovers Panel
Level 3, Solnet House
70 The Terrace
PO Box 1171
Wellington 6011
Sent by email: takeovers.panel@takeovers.govt.nz

Page 4
43955423
cc NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington
Sent by email: announce@nzx.com

Cc Registrar of Companies
Private Bag 92061
Victoria Street West
Auckland 1142
By email: processing@companiesoffice.govt.nz

---

1
INSTRUMENT OF TRANSFER FORM
COMPULSORY ACQUISITION OF SHARES IN RAKON LIMITED (Target) BY BOURNS, INC. (Bourns)



Shareholder/Seller (“you”): Consideration $1.55 per share
(NZD)



Number of Target
Shares Held




CSN/Holder
Number









PLEASE REFER TO THE INSTRUCTIONS OVERLEAF FOR DIRECTIONS ON HOW TO COMPLETE
THIS TRANSFER FORM (the Transfer Form)


Electronic transfer details

Account name:


New Zealand dollar account with a New
Zealand registered bank:


-

-

-



Note: If your desired account is not a New Zealand dollar account with a New Zealand registered bank, or if the
details that you provide are not sufficient to effect an electronic funds transfer to your desired account, we may
choose to pay you by electronic funds transfer to any existing New Zealand dollar account that you have
advised to Target’s share registrar (such as for dividend payments) which is known by us. Neither we nor
Computershare have any responsibility to verify any such details. Your bank may charge you fees in relation to
receipt of an electronic transfer.
OR



PayPal Service (Shareholders outside of New Zealand only)
I instead intend to use the currency conversion service referred to in paragraph 8 below

2
By signing this form you hereby:
(a) irrevocably agree to transfer all the shares you hold in the Target (Shares) to Bourns, subject to the terms and
conditions of the compulsory acquisition notice sent to Target shareholders on 18 May 2026 (the Notice);
(b) appoint Bourns as your attorney and agent as set out in this form. See paragraph 2 below for more details.


Dated and signed the _____________ day of _________________________ 2026

SIGNATURE(S) FOR AN INDIVIDUAL/JOINT
HOLDER/ATTORNEY
SIGNATURE(S) FOR A COMPANY










JOINT HOLDERS: If the Shares are registered in the names of joint holders, all holders must sign the form.


Email Address Contact Number





Note that if this Transfer Form is signed under a power of attorney, the attorney must complete the certificate of non-
revocation set out below.


CERTIFICATE OF NON-REVOCATION OF POWER OF ATTORNEY

IF SIGNING UNDER POWER OF ATTORNEY THE ATTORNEY(S) SIGNING MUST SIGN THE FOLLOWING
CERTIFICATE OF NON-REVOCATION OF POWER OF ATTORNEY

I/WE
______________________________________________________________________________________________________
(Insert name of Attorney(s) signing)
of


______________________________________________________________________________________________________
(Address and Occupation)

HEREBY CERTIFIES:
(a) that by a Power of Attorney dated the ____________ day of __________________________________________ the Shareholder
named and described on the face of this form (the Donor) appointed me/us his attorney on the terms and conditions set out in that
Power of Attorney, which terms authorise me to sign this Transfer Form;
(b) that I/we have executed the form printed on the face of this document as attorney under that Power of Attorney and pursuant to the
powers thereby conferred upon me/us; and
(c) that at the date hereof I/we have not received any notice or information of the revocation of that Power of Attorney by the death (or
winding up) of the Donor or otherwise.


Signed at _______________________ this ________________day of ______________________ 2026


____________________________________________________________________________________________________________


____________________________________________________________________________________________________________

Signature of Attorney(s)

NOTE: Your signature does not require witnessing.

3
NOTES AND INSTRUCTIONS FOR COMPLETION

1. TO RETURN THE TRANSFER FORM:
(a) Insert the date of signing in the space provided. Please ensure that all details on this form are correct. Please
alter this form if required.
(b) Sign this form where marked "Your Signature(s)". Companies must sign in accordance with the Companies Act
1993 or other applicable law.
(c) Please provide details of your New Zealand dollar bank account or contact Computershare in accordance with
paragraph 8 to arrange for payment to a non-New Zealand dollar bank account (for shareholders outside of
New Zealand only).

2. POWER OF ATTORNEY IN FAVOUR OF BOURNS: By signing the front of this form, you hereby enter into a
power of attorney in favour of Bourns as follows:

As from the time of beneficial ownership, and title, to my/our Shares passing to Bourns in accordance with the terms
of the Notice, I/we irrevocably authorise and appoint Bourns (with power of substitution by Bourns in favour of such
person(s) as Bourns may appoint to act on its behalf) as my/our attorney and agent to act for me/us and to do all
matters of any kind or nature whatsoever in respect of or pertaining to the Shares referred to above and all rights
and benefits attaching to them as Bourns may think proper and expedient and which I/we could lawfully do or cause
to be done if personally acting, including the transfer of shares to any person or persons whatsoever, the
appointment of a proxy or proxies for any meeting of the shareholders of Target, attendance in person at, and voting
at, such meeting, application to any court whatsoever and execution of all documents in my/our name(s) which
Bourns may consider necessary for all or any of the foregoing purposes.

3. JOINT HOLDERS: If the Shares are registered in the names of joint holders, all holders must sign the form.

4. SHARES HELD BY NOMINEES: If your Shares are held through a nominee, advise your nominee that you wish to
sell all your Shares and instruct it to complete, sign and return this form to us in accordance with the instructions
contained in it.

5. SIGNING BY POWER OF ATTORNEY: If the form is signed under a power of attorney, both a copy of the relevant
power of attorney must be submitted with the form and the certificate of non-revocation printed above must be
completed by the party holding the power of attorney and signing the form.

6. ON COMPLETION: Either email, mail or hand deliver this form as provided for below as soon as possible, but in any
event so as to be received by us not later than 11.59 pm on 9 June 2026.
(a) EMAIL: Scan the signed Transfer Form (together with a copy of any relevant power of attorney) and email to
Bourns, c/- Computershare Investor Services Limited at tkoacceptances@computershare.co.nz. Please type
“RAK Transfer Form” in the subject line.
(b) MAIL: Place the signed Transfer Form (together with a copy of any relevant power of attorney) and send by
post to the following address:

Bourns, Inc.
c/- Computershare Investor Services Limited
Private Bag 999045
Victoria Street West
Auckland 1142
New Zealand

(c) HAND DELIVERY: Hand deliver the signed Transfer Form (together with a copy of any relevant power of
attorney) to:

Bourns, Inc.
c/- Computershare Investor Services Limited
Level 2
159 Hurstmere Road
Takapuna
Auckland 0622
New Zealand

NOTE: These offices are only open on weekdays during normal business hours.

Shareholders resident outside New Zealand are encouraged to return the Transfer Form by email.

7. PREVIOUS SALE: If you have sold all your Shares, you should immediately hand this form, together with the
Notice, to the purchaser or agent through whom the sale was made, to be passed on to the purchaser.

4

8. PAYPAL SERVICE (for Shareholders outside of New Zealand only):
(a) Computershare offers a service to enable the New Zealand dollar consideration to be converted and paid
electronically in certain other currencies. If your registered address is not in New Zealand and you wish to use
this service, please contact Computershare (as detailed below). Please note that this is a service offered
solely by Computershare and does not form part of the compulsory acquisition process. We take no
responsibility for, nor endorse or have any liability in respect of, the use of this service by you. Any
currency conversion is undertaken at your own risk.
(b) Payment in foreign currencies: If you live outside of New Zealand and would like your New Zealand dollar
consideration to be converted and paid electronically in a foreign currency, please contact Computershare
directly to request payment in a foreign currency. This service would be provided by PayPal Pte. Ltd (PayPal)
utilising their subsidiary Hyperwallet Systems Inc and Computershare’s product is referred to as InvestorPay.
Once you have made this request to Computershare, you will be sent Computershare’s terms and conditions for
using the service, and a list of frequently asked questions (which includes details of the fees and the spread
charge you will be charged for the service by Computershare and PayPal). Computershare will then arrange for
PayPal to contact you in relation to the currency conversion service (once payment has been made).

If that service is not acceptable to you, you will need to advise Computershare of a New Zealand dollar account
with a New Zealand registered bank so payment can be made to you by electronic transfer in New Zealand
dollars. If the service is not acceptable to you and you are not able to provide a New Zealand dollar account
with a New Zealand registered bank, we may choose to pay you by electronic funds transfer to any existing New
Zealand dollar account that you have advised to Computershare (such as for dividend payments) which is
known to us. If we choose to make payment to you in this manner, we are not obliged to notify you that we have
done so and we will have no liability to you for our choice to do so.

The costs associated with using any such service (in the form of fees or any spread charge), which will
be deducted by Paypal from the consideration that would otherwise be payable to you, and the relevant
exchange rate that will apply will be a matter between you and Computershare and PayPal (should you
elect to use this service). We do not guarantee that PayPal will be able to provide any such service
referred to in this paragraph 8(b).
(c) Timing for payments: If you elect to use the currency conversion services outlined under paragraph 8(b) above,
the timing for determining when we make payment to you will be when Computershare has paid your
consideration in New Zealand dollars to PayPal. Any subsequent delay by PayPal in making payment to you, or
the non-payment of the relevant consideration to you by PayPal, is entirely at your sole risk.

9. VALID RETURN OF THE TRANSFER FORM: Because of the need for the consideration to be paid electronically,
you will not have validly returned the Transfer Form until:
(a) you have provided Computershare with details of your New Zealand dollar account with a New Zealand
registered bank; or
(b) for Shareholders outside of New Zealand only, if you wish for your New Zealand dollar consideration to be
converted and paid electronically in a foreign currency in accordance with paragraph 8 above (and such a
service is provided):
(i) you have contacted Computershare and subsequently agreed to use InvestorPay for payment to be made
to you; and
(ii) Paypal has provided us with its valid New Zealand dollar bank account for the purpose of making payment;
or
(c) if paragraphs 9(a) or 9(b) above do not apply, we have chosen to pay you by electronic funds transfer to any
existing New Zealand dollar account that you have advised to Computershare (such as for dividend payments)
which is known by us.

ALTERNATIVE METHOD OF SETTLEMENT: If you wish to be paid the consideration in an alternative manner to
the options set out above, please contact Computershare. You can find Computershare’s details at the bottom of
this form.

10. CURRENCY CONVERSION: The consideration payable to you under compulsory acquisition is in New Zealand
dollars. Where payment is made in a currency other than New Zealand dollars, this will involve a conversion of New
Zealand dollars into a different currency at the time of payment. Any such conversion is solely at your own risk. You
will be responsible for any applicable costs, exchange rate spread and fees associated with that conversion and you
agree that these costs will be deducted from the amount payable to you. We will not be responsible for, or have any
liability in connection with, any currency conversion or any fees or other costs that you are required to pay, or which
are deducted from the amount payable to you in connection with facilitating the payment to you in a currency other
than New Zealand dollars (including the exchange rate which applied).

5
11. INTERPRETATION: Capitalised terms used but not otherwise defined in this form have the meanings given to them
in the Notice dated 9 February 2026.


IF YOU ARE IN ANY DOUBT ABOUT THE PROCEDURES FOR RETURNS OF THE TRANSFER FORM, PLEASE
TELEPHONE COMPUTERSHARE INVESTOR ENQUIRIES ON 0800 991 101 (TOLL FREE WITHIN NEW ZEALAND)
or +64 9 488 8794 BETWEEN 8:30AM to 5:00PM MONDAY TO FRIDAY (NZT)

---

1
INSTRUMENT OF TRANSFER FORM
COMPULSORY ACQUISITION OF SHARE RIGHTS IN RAKON LIMITED (Target) BY BOURNS, INC. (Bourns)



Share Rights holder/Seller (“you”): Consideration $1.55 per share
right (NZD)



Number of Target
Shares Rights
Held




CSN/Holder
Number









PLEASE REFER TO THE INSTRUCTIONS OVERLEAF FOR DIRECTIONS ON HOW TO COMPLETE
THIS TRANSFER FORM (the Transfer Form)


Electronic transfer details

Account name:


New Zealand dollar account with a New
Zealand registered bank:


-

-

-



Note: If your desired account is not a New Zealand dollar account with a New Zealand registered bank, or if the
details that you provide are not sufficient to effect an electronic funds transfer to your desired account, we may
choose to pay you by electronic funds transfer to any existing New Zealand dollar account that you have
advised to Target’s share registrar (such as for dividend payments) which is known by us. Neither we nor
Computershare have any responsibility to verify any such details. Your bank may charge you fees in relation to
receipt of an electronic transfer.
OR



PayPal Service (Share Rights holders outside of New Zealand only)
I instead intend to use the currency conversion service referred to in paragraph 8 below

2
By signing this form you hereby:
(a) irrevocably agree to transfer all the share rights you hold in the Target (Share Rights) to Bourns, subject to the
terms and conditions of the compulsory acquisition notice sent to Target share rights holders on 18 May 2026 (the
Notice);
(b) appoint Bourns as your attorney and agent as set out in this form. See paragraph 2 below for more details.


Dated and signed the _____________ day of _________________________ 2026

SIGNATURE(S) FOR AN INDIVIDUAL/JOINT
HOLDER/ATTORNEY
SIGNATURE(S) FOR A COMPANY











Email Address Contact Number





Note that if this Transfer Form is signed under a power of attorney, the attorney must complete the certificate of non-
revocation set out below.


CERTIFICATE OF NON-REVOCATION OF POWER OF ATTORNEY

IF SIGNING UNDER POWER OF ATTORNEY THE ATTORNEY(S) SIGNING MUST SIGN THE FOLLOWING
CERTIFICATE OF NON-REVOCATION OF POWER OF ATTORNEY

I/WE
______________________________________________________________________________________________________
(Insert name of Attorney(s) signing)
of


______________________________________________________________________________________________________
(Address and Occupation)

HEREBY CERTIFIES:
(a) that by a Power of Attorney dated the ____________ day of __________________________________________ the Share Rights
holder named and described on the face of this form (the Donor) appointed me/us his attorney on the terms and conditions set out
in that Power of Attorney, which terms authorise me to sign this Transfer Form;
(b) that I/we have executed the form printed on the face of this document as attorney under that Power of Attorney and pursuant to the
powers thereby conferred upon me/us; and
(c) that at the date hereof I/we have not received any notice or information of the revocation of that Power of Attorney by the death (or
winding up) of the Donor or otherwise.


Signed at _______________________ this ________________day of ______________________ 2026


____________________________________________________________________________________________________________


____________________________________________________________________________________________________________

Signature of Attorney(s)

NOTE: Your signature does not require witnessing.

3
NOTES AND INSTRUCTIONS FOR COMPLETION

1. TO RETURN THE TRANSFER FORM:
(a) Insert the date of signing in the space provided. Please ensure that all details on this form are correct. Please
alter this form if required.
(b) Sign this form where marked "Your Signature(s)". Companies must sign in accordance with the Companies Act
1993 or other applicable law.
(c) Please provide details of your New Zealand dollar bank account or contact Computershare in accordance with
paragraph 6 to arrange for payment to a non-New Zealand dollar bank account (for share rights holders outside
of New Zealand only).

2. POWER OF ATTORNEY IN FAVOUR OF BOURNS: By signing the front of this form, you hereby enter into a
power of attorney in favour of Bourns as follows:

As from the time of beneficial ownership, and title, to my/our Share Rights passing to Bourns in accordance with the
terms of the Notice, I/we irrevocably authorise and appoint Bourns (with power of substitution by Bourns in favour of
such person(s) as Bourns may appoint to act on its behalf) as my/our attorney and agent to act for me/us and to do
all matters of any kind or nature whatsoever in respect of or pertaining to the Share Rights referred to above and all
rights and benefits attaching to them as Bourns may think proper and expedient and which I/we could lawfully do or
cause to be done if personally acting, including the transfer of Share Rights to any person or persons whatsoever,
the appointment of a proxy or proxies for any meeting of the Share Rights holders of Target, attendance in person
at, and voting at, such meeting, application to any court whatsoever and execution of all documents in my/our
name(s) which Bourns may consider necessary for all or any of the foregoing purposes.

3. SIGNING BY POWER OF ATTORNEY: If the form is signed under a power of attorney, both a copy of the relevant
power of attorney must be submitted with the form and the certificate of non-revocation printed above must be
completed by the party holding the power of attorney and signing the form.

4. ON COMPLETION: Either email, mail or hand deliver this form as provided for below as soon as possible, but in any
event so as to be received by us not later than 11.59 pm on 9 June 2026.
(a) EMAIL: Scan the signed Transfer Form (together with a copy of any relevant power of attorney) and email to
Bourns, c/- Computershare Investor Services Limited at tkoacceptances@computershare.co.nz. Please type
“RAK Transfer Form” in the subject line.
(b) MAIL: Place the signed Transfer Form (together with a copy of any relevant power of attorney) and send by
post to the following address:

Bourns, Inc.
c/- Computershare Investor Services Limited
Private Bag 999045
Victoria Street West
Auckland 1142
New Zealand

(c) HAND DELIVERY: Hand deliver the signed Transfer Form (together with a copy of any relevant power of
attorney) to:

Bourns, Inc.
c/- Computershare Investor Services Limited
Level 2
159 Hurstmere Road
Takapuna
Auckland 0622
New Zealand

NOTE: These offices are only open on weekdays during normal business hours.

Share Rights holders resident outside New Zealand are encouraged to return the Transfer Form by
email.

5. PREVIOUS SALE: If you have sold all your Share Rights, you should immediately hand this form, together with the
Notice, to the purchaser or agent through whom the sale was made, to be passed on to the purchaser.

6. PAYPAL SERVICE (for Share Rights holders outside of New Zealand only):
(a) Computershare offers a service to enable the New Zealand dollar consideration to be converted and paid
electronically in certain other currencies. If your registered address is not in New Zealand and you wish to use

4
this service, please contact Computershare (as detailed below). Please note that this is a service offered
solely by Computershare and does not form part of the compulsory acquisition process. We take no
responsibility for, nor endorse or have any liability in respect of, the use of this service by you. Any
currency conversion is undertaken at your own risk.
(b) Payment in foreign currencies: If you live outside of New Zealand and would like your New Zealand dollar
consideration to be converted and paid electronically in a foreign currency, please contact Computershare
directly to request payment in a foreign currency. This service would be provided by PayPal Pte. Ltd (PayPal)
utilising their subsidiary Hyperwallet Systems Inc and Computershare’s product is referred to as InvestorPay.
Once you have made this request to Computershare, you will be sent Computershare’s terms and conditions for
using the service, and a list of frequently asked questions (which includes details of the fees and the spread
charge you will be charged for the service by Computershare and PayPal). Computershare will then arrange for
PayPal to contact you in relation to the currency conversion service (once payment has been made).

If that service is not acceptable to you, you will need to advise Computershare of a New Zealand dollar account
with a New Zealand registered bank so payment can be made to you by electronic transfer in New Zealand
dollars. If the service is not acceptable to you and you are not able to provide a New Zealand dollar account
with a New Zealand registered bank, we may choose to pay you by electronic funds transfer to any existing New
Zealand dollar account that you have advised to Computershare (such as for dividend payments) which is
known to us. If we choose to make payment to you in this manner, we are not obliged to notify you that we have
done so and we will have no liability to you for our choice to do so.

The costs associated with using any such service (in the form of fees or any spread charge), which will
be deducted by Paypal from the consideration that would otherwise be payable to you, and the relevant
exchange rate that will apply will be a matter between you and Computershare and PayPal (should you
elect to use this service). We do not guarantee that PayPal will be able to provide any such service
referred to in this paragraph 6(b).
(c) Timing for payments: If you elect to use the currency conversion services outlined under paragraph 8(b) above,
the timing for determining when we make payment to you will be when Computershare has paid your
consideration in New Zealand dollars to PayPal. Any subsequent delay by PayPal in making payment to you, or
the non-payment of the relevant consideration to you by PayPal, is entirely at your sole risk.

7. VALID RETURN OF THE TRANSFER FORM: Because of the need for the consideration to be paid electronically,
you will not have validly returned the Transfer Form until:
(a) you have provided Computershare with details of your New Zealand dollar account with a New Zealand
registered bank; or
(b) for Share Rights holders outside of New Zealand only, if you wish for your New Zealand dollar consideration to
be converted and paid electronically in a foreign currency in accordance with paragraph 8 above (and such a
service is provided):
(i) you have contacted Computershare and subsequently agreed to use InvestorPay for payment to be made
to you; and
(ii) Paypal has provided us with its valid New Zealand dollar bank account for the purpose of making payment;
or
(c) if paragraphs 7(a) or 7(b) above do not apply, we have chosen to pay you by electronic funds transfer to any
existing New Zealand dollar account that you have advised to Computershare (such as for dividend payments)
which is known by us.

ALTERNATIVE METHOD OF SETTLEMENT: If you wish to be paid the consideration in an alternative manner to
the options set out above, please contact Computershare. You can find Computershare’s details at the bottom of
this form.

8. CURRENCY CONVERSION: The consideration payable to you under compulsory acquisition is in New Zealand
dollars. Where payment is made in a currency other than New Zealand dollars, this will involve a conversion of New
Zealand dollars into a different currency at the time of payment. Any such conversion is solely at your own risk. You
will be responsible for any applicable costs, exchange rate spread and fees associated with that conversion and you
agree that these costs will be deducted from the amount payable to you. We will not be responsible for, or have any
liability in connection with, any currency conversion or any fees or other costs that you are required to pay, or which
are deducted from the amount payable to you in connection with facilitating the payment to you in a currency other
than New Zealand dollars (including the exchange rate which applied).

9. INTERPRETATION: Capitalised terms used but not otherwise defined in this form have the meanings given to them
in the Notice dated 9 February 2026.


IF YOU ARE IN ANY DOUBT ABOUT THE PROCEDURES FOR RETURNS OF THE TRANSFER FORM, PLEASE

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TELEPHONE COMPUTERSHARE INVESTOR ENQUIRIES ON 0800 991 101 (TOLL FREE WITHIN NEW ZEALAND)
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