FY2025 Final Dividend & Dividend Reinvestment Plan

NZX & Media Release


3 June 2026


FY2025 Final Dividend & Dividend Reinvestment Plan

FY2025 Final Dividend
The Directors of Scales Corporation Limited (NZX:SCL) have declared a final cash dividend for the
FY2025 Financial Year of 12.5 cents per share, partially imputed at 50%.
Taking into account the 12.5 cents per share FY2025 interim dividend, paid in January 2026, cash
dividends for the FY2025 Financial Year total 25.0 cents per share, which represents 59% of FY2025
Underlying Net Profit Attributable to Shareholders.
The dividend is payable on 9 July 2026, with a record date of 25 June 2026.

Dividend Reinvestment Plan
The Directors are also pleased to advise that they have approved the adoption of a Dividend
Reinvestment Plan (Plan). The Plan offers shareholders the opportunity to reinvest the net proceeds
of dividends into Ordinary shares in the Company. Details of the Plan are contained in the following
documents, which are attached and are also available on the Company’s website:
• Shareholder Letter and Q&A
• Offer Document
• Participation Notice (a personalised Participation Notice will be sent to all shareholders this
week)
Shareholders can participate in the Plan by:
• Applying online at www.investorcentre.com/nz, or
• Completing the Participation Notice and returning it to Computershare Investor Services
Shareholders are able to participate in the Plan with respect to the FY2025 final dividend. Shares in
respect of this dividend will be issued at a 2% discount to market price.


Contact
Steve Kennelly, Company Secretary, Scales Corporation Limited, Mob: 0274 317587,
email: steve.kennelly@scalescorporation.co.nz

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About Scales Corporation
Scales Corporation is a diversified investor operating predominantly in the agribusiness sector. It
comprises three operating divisions: Global Proteins, Horticulture, and Logistics. The Company’s
diverse spread of activities gives Scales Corporation global operational exposure. Scales Corporation
was founded in 1897 as a shipping business by George Scales. Today it has operations across New
Zealand, Australia, United States and Europe. Find out more at www.scalescorporation.co.nz.

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Distribution Notice







Section 1: Issuer information
Name of issuer SCALES CORPORATION LIMITED
Financial product name/description ORDINARY SHARES
NZX ticker code SCL
ISIN (If unknown, check on NZX
website)
NZSCLE0002S8
Type of distribution
(Please mark with an X in the
relevant box/es)
Full Year X Quarterly
Half Year Special
DRP applies X
Record date 25 June 2026
Ex-Date (one business day before the
Record Date)
24 June 2026
Payment date (and allotment date for
DRP)
9 July 2026
Total monies associated with the
distribution
$ 18,187,001.25
Source of distribution (for example,
retained earnings)
RETAINED EARNINGS
Currency NZD
Section 2: Distribution amounts per financial product
Gross distribution $ 0.14930556
Gross taxable amount $ 0.12500000
Total cash distribution $ 0.12500000
Excluded amount (applicable to listed
PIEs)
N/A
Supplementary distribution amount $ 0.01102941
Section 3: Imputation credits and Resident Withholding Tax
Is the distribution imputed

Fully imputed
Partial imputation
No imputation
If fully or partially imputed, please
state imputation rate as % applied
14%
Imputation tax credits per financial
product
$ 0.02430556
Resident Withholding Tax per
financial product
$ 0.02496528

Section 4: Distribution re-investment plan (if applicable)
DRP % discount (if any)
2%
Start date and end date for
determining market price for DRP
24 June 2026 30 June 2026
Date strike price to be announced (if
not available at this time)
1 July 2026
Specify source of financial products to
be issued under DRP programme
(new issue or to be bought on market)
New issue
DRP strike price per financial product
TBA
Last date to submit a participation
notice for this distribution in
accordance with DRP participation
terms
26 June 2026
Section 5: Authority for this announcement
Name of person

authorised to make
this announcement
Steve Kennelly, Company Secretary
Contact person for this
announcement
Steve Kennelly, Company Secretary
Contact phone number 03 3712263
Contact email address steve.kennelly@scalescorporation.co.nz
Date of release through MAP

3 June 2026

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Dear Shareholder
Scales Corporation Limited Dividend Reinvestment Plan

Scales Corporation Limited (Scales) has established the
Scales Dividend Reinvestment Plan (Plan), offering you the
opportunity to reinvest the net proceeds of dividends from
some or all of your existing Scales ordinary shares (Shares)
in additional, fully paid Shares.
By participating in the Plan, you can increase your
investment in Scales without incurring brokerage charges.
The enclosed Offer Document explains how the Plan
works.
ELIGIBILITY
Scales has determined that, for the time being, the Plan is
only available to shareholders with an address recorded
on the Scales share register in New Zealand or Australia.
Scales may amend eligibility requirements at any time, at
its sole discretion.
YOUR CHOICES
Participation in the Plan is optional and flexible. You may
elect to participate in respect of all or only some of your
Shares (in which case you will receive a mixture of both
cash dividends and Shares), and you may change your
mind if it does not suit your investment needs in the future.
If you wish to continue to receive only cash dividends, you
do not need to do anything.
HOW TO PARTICIPATE
If you wish to participate in the Plan you need to:
• apply online by visiting www.investorcentre.com/nz; or
• complete the enclosed Participation Notice and return
it to Computershare Investor Services.
If you wish to participate in the Plan for the upcoming
FY2025 final dividend, you need to apply by no later than
5pm (NZ time) on 26 June 2026.
THE PRICE
The price of the Shares issued or transferred under the
Plan will be based on the market price before the date of
issue or transfer. Scales may choose to offer these Shares
to you at a discount to this market price. If a discount is to
apply, it will be announced at the same time as details of
the dividend are announced.
The first dividend to which the Plan will apply is the 12.5
cents per Share dividend, being the FY2025 final dividend
to be paid on 9 July 2026. Scales has determined that
Shares issued or transferred under the Plan in respect of
the FY2025 final dividend will be issued or transferred at a
discount of 2.0% to the market price.
Scales will determine whether the Plan will apply to future
dividends, and whether Shares issued or transferred
under the Plan in respect of future dividends will be issued
or transferred at a discount, at the time future dividend
payments are determined. Please read the information
in the Offer Document. You should consult your broker,
financial, investment or other professional adviser if you
have any questions in relation to any of the content in the
Offer Document.
Yours sincerely,
Mike Petersen
Chair
Dear Shareholder
Scales Corporation Limited Dividend Reinvestment Plan
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Scales Corporation Limited Dividend Reinvestment Plan - Shareholder Letter

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Scales Corporation Limited Dividend Reinvestment Plan - Shareholder Letter

What is the Scales Dividend Reinvestment Plan
(the Plan)?
The Plan enables shareholders to reinvest all or part of
the net proceeds of cash dividends paid on their Scales
Shares in additional Scales Shares, instead of receiving
those dividends in cash.
Am I eligible to participate?
As at the date of the Offer Document, the Plan is only
available to shareholders who have an address recorded in
the Scales share register in New Zealand or Australia.
Is there a minimum number of Shares that I
need to own before I can participate?
No.
How much does it cost?
There are no charges for participating in, or withdrawing
from, the Plan or changing the number of Shares
nominated by you that will participate in the Plan. No
brokerage or commission costs will be payable in respect
of the Shares you receive under the Plan.
How do I participate in the Plan?
You should read the Offer Document carefully before
deciding whether to participate. You can elect to
participate at any time by completing and returning a
Participation Notice to Scales’ Registrar or by making an
election online.
Computershare Investor Services Limited
Postal address
Scales Corporation Limited
C/- Computershare Investor Services Limited
Private Bag 92119
Victoria Street West
Auckland 1142
New Zealand
Questions
and answers
4
Scales Corporation Limited Dividend Reinvestment Plan - Shareholder Letter

You can also scan your Participation Notice and
email it to drp@computershare.co.nz (Please put
Scales Corporation Limited in the subject line for easy
identification).
Online Participation: You can apply online by visiting the
website of the Registrar, Computershare Investor Services,
at www.investorcentre.com/nz.
Log into www.investorcentre.com/nz and select ‘My
Profile’. Then select ‘Reinvestment Plans’ from the left-
hand menu. Select Scales Corporation Limited in the
holding line and ‘Apply’ to select your participation level.
If you do not have an Investor Centre account, you will
need your CSN/Investor Number and FIN to register.
If you don’t have this information available you can
email enquiry@computershare.co.nz or phone
+64 9 488 8777.
If you wish to participate in the Plan for an upcoming
dividend, you will need to return the Participation Notice
or make your online election by no later than 5pm on
26 June 2026.
What options do I have regarding participating
in the Plan?
Participation in the Plan is optional. If you wish to
participate in the Plan, you may elect:
a. Full participation – where all of your Shares (including
Shares held now and acquired in the future, including
where issued or transferred to you under the Plan) will
be treated as participating in the Plan in accordance
with the terms and conditions of the Plan; or
b. Partial participation – where only the percentage of
Shares nominated by you participate in the Plan for all
future dividends to which the Plan applies (unless you
vary your participation in accordance with the terms
and conditions of the Plan). Note that you will continue
to receive cash dividends on any of your Shares that
are not part of the Plan.
What if I do not want to participate in the Plan?
If you do not wish to participate in the Plan, you do not
need to do anything. You will continue to receive cash
dividends on your Shares.
What if I change my mind?
You can join the Plan or vary your participation at any time
via Scales’ Registrar, Computershare Investors Services,
at www.investorcentre.com/nz or by delivering an
updated Participation Notice to the Registrar. Participation
Notices are available online or from the Registrar on
request.
If you choose to participate in the Plan and then change
your mind, you can opt out by informing the Registrar
either online or by written notices to Scales’ Registrar.
Such variation or termination will be effective immediately
provided that any online election or Participation Notice
or notice to terminate that is received after 5pm on an
Election Date will be effective for the following dividend.
Questions and
answers (continued)
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Scales Corporation Limited Dividend Reinvestment Plan - Shareholder Letter

What price will shareholders pay?
The price of Shares is based on the average daily
volume-weighted average sale price of Scales Shares
sold on the NZX Main Board over the 5 trading day period
beginning the day prior to the Record Date. Please see
the Offer Document for further details. The Share price
may be subject to a discount set by Scales from time to
time. The discount, if any, will be announced by Scales to
Shareholders at the same time the dividend is announced
for the relevant period.
Can the Plan be changed in the future?
Yes, Scales may change, suspend or cancel the Plan at its
sole discretion. If that occurs, notice will be given through
NZX.
Can I sell the Shares?
Yes, Shares acquired under the Plan can be sold at any
time.
Are there any tax implications?
The taxation consequences for each shareholder, should
they elect to participate in the Plan, will depend on their
particular circumstances. Accordingly, each shareholder
should consult their own tax adviser as to the taxation
implication of the Plan. Scales does not accept any
responsibility for the financial or taxation effects of a
shareholder’s participation or non-participation in the Plan.
Where can I find information the Scales
dividend policy?
You can find a copy of the Scales dividend policy at
www.scalescorporation.co.nz/investors/dividend/
How do I find out how many Shares I have
received?
Shortly after the issue or transfer of Shares under the Plan,
the Registrar will send all Plan participants an updated
Securities Transaction Statement, along with a dividend
remittance advice.
Questions and
answers (continued)
6
Scales Corporation Limited Dividend Reinvestment Plan - Shareholder Letter

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Scales Corporation Limited Dividend Reinvestment Plan - Shareholder Letter

52 Cashel Street, Christchurch 8013, New Zealand
www.scalescorporation.co.nz
Scales Corporation Limited

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Offer Document
Scales Corporation Limited Dividend Reinvestment Plan
Date: 3 June 2026

Scales Corporation Limited Dividend Reinvestment Plan - Offer Document
2
Contents
THIS IS AN IMPORTANT DOCUMENT.
YOU SHOULD READ THE WHOLE
DOCUMENT BEFORE MAKING ANY
DECISIONS. IF YOU HAVE ANY
DOUBTS AS TO WHAT YOU SHOULD
DO, PLEASE CONSULT YOUR
BROKER, FINANCIAL, INVESTMENT
OR OTHER PROFESSIONAL ADVISER.
SECTIONPAG E
1 . Introduction3
2 . Available Options3
3 . Overseas Shareholders3
4. Exclusion where Liens or Charges over
Shares
4
5. Participation Election4
6. Participation Applies from First Election
Date
6
7. Formula for Calculation of Additional
Shares and Strike Price
6
8. Compliance with Laws, Listing Rules and
Constitution
7
9. Issue of Additional Shares7
10. Share Price Information Publicly Available7
11. Terms of Issue and Ranking of Additional
Shares
7
12. Source of Additional Shares7
13. Statements8
14. Termination, Suspension and Modification8
15. Prior Notice8
16. Variation or Termination10
17. Partial Dispositions10
18. Dispositions of all of your Participating
Shares
10
19. Taxation10
20. Costs11
21. Quotation of Additional Shares11
22. Listing Rules11
23. Information for Shareholders11
24. No Financial Product Advice11
25. Governing Law11
26. Dividend Policy11
27. Other Information11

1. Introduction
This document (Offer Document) contains the terms and
conditions of the Scales Corporation Limited (Scales)
Dividend Reinvestment Plan (the Plan).
The Plan is available to you if, subject to clauses 3 and 4,
you are the holder of ordinary shares in Scales (Shares).
Under the Plan, you may elect to reinvest the net proceeds
of cash dividends payable or credited on all or some of
your fully paid Shares by acquiring further Shares
(Additional Shares).
The record date for determining your entitlement to
Additional Shares under the Plan is 5:00pm (NZ time) on
the date fixed by Scales for determining entitlements to
dividends payable or credited on Shares (Record Date).
Further information about Scales can be found in the
Investors section of its website at: www.scalescorporation.
co.nz/investors/.
This Offer Document has been prepared as at 3 June 2026.
2. Available Options
You may elect to participate in the Plan by exercising one
of the following options:
a. Full Participation – If you choose full participation,
the Plan will apply to the cash dividends payable or
credited from time to time in respect of all Shares
registered in your name: or
b. Partial Participation – If you choose partial
participation, the Plan will only apply to the cash
dividends payable or credited from time to time in
respect of your nominated percentage of Shares
registered in your name.
The Shares, if any, which you have chosen to participate
in the Plan at each Record Date will be your Participating
Shares.
If you do not wish to participate in the Plan and instead
wish to receive any dividends payable or credited in
respect of your Shares from time to time in cash, you do
not need to do anything.
See page 10 for information about how to vary or terminate
your participation in the Plan at a future date, if you so
choose.
3. Overseas Shareholders
3.1
No action has been taken to permit the offer of the Plan in
any jurisdiction outside New Zealand and Australia. The
distribution of this document in a jurisdiction outside New
Zealand or Australia may be restricted by law, and persons
who come into possession of it (including nominees,
trustees or custodians) should seek advice on and observe
any such restrictions.
Terms and Conditions
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Scales Corporation Limited Dividend Reinvestment Plan - Ofier Document

Terms and Conditions (continued)
3.2
Scales may, in its absolute discretion, elect not to offer
participation in the Plan to shareholders whose address
recorded in Scales’ share register is outside New Zealand
if Scales considers that it would be unduly onerous to
offer participation in the Plan in a jurisdiction outside New
Zealand. As at the date of this Offer Document, the Plan is
only available to holders of Shares who have an address
recorded in Scales’ share register in New Zealand or
Australia. However, the Board may amend eligibility for
participation in the Plan at any time, in its sole discretion.
3.3
If you do not reside in New Zealand, Australia or any other
jurisdiction in respect of which the Plan is made available
and you participate in the Plan through a nominee resident
in New Zealand, Australia or any other such jurisdiction
you are deemed to represent and warrant to Scales
that you can lawfully participate through your nominee.
Scales accepts no responsibility for determining whether
any person is able to participate in the Plan under laws
applicable outside of New Zealand, Australia or any other
jurisdiction in which the Plan is made available.
4. Exclusion where Liens or Charges over Shares
If you hold any Shares over which Scales has a lien or
charge, those Shares will not be eligible to participate in
the Plan.
5. Participation Election
5.1
To participate in the Plan, you must make a Participation
Election in one of the following ways:
a. Online Election – by visiting the investor centre of
Scales’ Share Registrar, Computershare Investor
Services Limited, at www.investorcentre.com/nz
b. Participation Notice – by completing and returning the
enclosed participation notice which accompanies this
Offer Document (Participation Notice) in accordance
with the instructions on that notice.
5.2
You can make your Participation Election at any time while
this Plan is in effect by following one of the steps in clause
5.1. Participation Notices can be obtained from Scales’
Share Registrar at any time.
5.3
If your Participation Election does not specify your degree
of participation in the Plan, you will be deemed to have
chosen full participation if your Participation Election is
otherwise correctly completed and signed.
5.4
The last date for making a Participation Election for
participation in the Plan in respect of any dividend will be
the first business day (being a day the NZX Main Board is
open for trading) after the Record Date for that dividend or
such later date as may be set by the Board and advised to
NZX Limited (NZX) (Election Date).
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Scales Corporation Limited Dividend Reinvestment Plan - Offer Document

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Scales Corporation Limited Dividend Reinvestment Plan - Offer Document

Terms and Conditions (continued)
6. Participation Applies from First Election Date
Net proceeds of cash dividends payable or credited on
your Participating Shares will be reinvested in Additional
Shares from the first Election Date which occurs after
receipt by Scales of a properly completed Participation
Election and, unless varied or terminated in accordance
with clause 16, will apply to all subsequent dividend
payments.
7. Formula for Calculation of Additional Shares and
Strike Price
7.1
If you choose to participate in the Plan, the number of
Additional Shares you will be allotted will be calculated in
accordance with the following formula:
N =
PS x D
SP
Where:
N is the number of Additional Shares you will receive (with
fractional entitlements to be rounded down to the nearest
whole number).
PS is the number of your Participating Shares.
D is the net proceeds of cash dividends paid or credited
per Share by Scales (expressed in cents and fractions of
cents, including any applicable supplementary dividends
in respect of Participating Shares payable to non-resident
shareholders but excluding any tax credits and after
deduction of any withholding or other taxes, if any).
SP is the Strike Price, which is the average of the daily
volume-weighted average sale price in New Zealand
dollars (expressed in cents and fractions of cents) for a
Share calculated on all trades of Shares which took place
through the NZX Main Board over the period of 5 trading
days beginning on the day before the Record Date, less a
discount (if any) as determined by the Board from time to
time. Any percentage discount determined by the Board
shall be notified to NZX. If no sales of Shares occur during
those 5 trading days, then the volume-weighted average
sale price will be deemed to be the sale price for a Share
for the last trade of Shares which took place prior to such
trading days as determined by NZX.
The Strike Price may be reasonably adjusted by Scales to
allow for any bonus issue or dividend or other distribution
expectation. If, in the opinion of the Board, any exceptional
or unusual circumstances (including any unusual or
irregular trades) have artificially affected the Strike Price,
Scales may make such adjustment to that price as it
considers reasonable.
The determination of the Strike Price of the Additional
Shares by the Board, or by some other person nominated
by the Board, will be binding on all participants in the Plan.
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Scales Corporation Limited Dividend Reinvestment Plan - Offer Document

Terms and Conditions (continued)
7. 2
If the number of Additional Shares to be allotted to you
in accordance with the above includes a fraction, then
the number of Additional Shares you will receive will be
rounded down (in accordance with the definition of “N”
in clause 7.1 above). The excess proceeds which are not
applied to acquire Additional Shares will be held on your
behalf and applied the next time the Plan operates. If the
Plan is discontinued, you terminate your participation
in the Plan, or you cease to be a shareholder of Scales,
then any amount over $2.50 which is being held to your
order under this clause 7.2 will be paid in cash on the next
dividend payment date. Any amount below this shall be
forfeited. You will not be paid any interest on the amount
held to your order.
8. Compliance with Laws, Listing Rules and
Constitution
8.1
The Plan will not operate to the extent that the allotment
of Additional Shares under the Plan would breach any
applicable law, the listing rules of any stock exchange on
which the Shares are quoted or any provision of Scales’
constitution.
8.2
If, for any reason, Scales cannot allot your Additional
Shares, the relevant dividend on your Participating Shares
will be paid or distributed to you in the same manner as to
shareholders not participating in the Plan. You will not be
paid interest on any such payment.
9. Issue of Additional Shares
Scales will allot your Additional Shares in accordance with
clauses 7 to 8 on the day that you would otherwise have
been paid a dividend.
10. Share Price Information Publicly Available
Scales will ensure that at the time the Strike Price is set
under clause 7.1 it will have no information that is not
publicly available that would, or would be likely to, have
a material adverse effect on the realisable price of the
Shares if it was publicly available.
11. Terms of Issue and Ranking of Additional Shares
Your Additional Shares will be allotted on the terms set out
in this Plan, subject to the rights of termination, suspension
and modification set out in clause 14. Your Additional
Shares will, from the date of allotment, rank equally in
all respects with each other and with all other Shares of
Scales on issue as at that date.
12. Source of Additional Shares
Your Additional Shares may, at the Board’s discretion, be:
a. new Shares issued by Scales;
b. existing Shares acquired by Scales or a nominee or
agent of Scales; or
c. any combination of (a) and (b) above.
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Scales Corporation Limited Dividend Reinvestment Plan - Offer Document

Terms and Conditions (continued)
13. Statements
If you choose to participate in the Plan, Scales will
send a statement to your address or electronic mail
address (if you have elected to receive communications
electronically) as set out in Scales’ share register within
5 trading days of the allotment of Additional Shares
detailing:
a. the number of your Participating Shares as at the
Record Date;
b. the amount of your cash dividend reinvested in
Additional Shares and the amount paid in respect of
any of your Shares that are not participating in the Plan
(if applicable);
c. the Strike Price, number of Additional Shares you were
allotted under the Plan and any excess proceeds held
on your behalf as a result of rounding which will be
applied to future dividends, subject to the terms of this
Plan (see clause 7.2 above for details);
d. the amount of any tax deductions or withholdings,
imputations or other taxation credits in respect of the
cash dividend; and
e. such other matters required by law with respect to
dividends and/or reinvestment.
14. Termination, Suspension and Modification
The Board may, in its sole discretion, at any time:
a. terminate, suspend or modify the Plan. If the Plan is
modified, your Participation Election will be deemed
to be a Participation Election under the modified Plan
unless you withdraw or modify your Participation
Election in accordance with clause 16;
b. resolve that some or all of a dividend will be paid in cash
only instead of the Plan applying;
c. resolve that in the event of the subdivision,
consolidation or reclassification of the Shares into
one or more new classes of shares, your Participation
Election will be deemed to be a Participation Election
in respect of the shares as subdivided, consolidated
or reclassified unless you withdraw or modify your
Participation Election in accordance with clause 16;
d. resolve that your Participation Election will cease to be
of any effect;
e. determine that Additional Shares may be issued at a
discount to the market price of Shares and the amount
of any such discount; or
f. determine that the Plan may be underwritten on such
terms as agreed between Scales and an underwriter.
15. Prior Notice
You will be sent written notice by Scales of any
modification or termination to the Plan at your address
or electronic mail address (if you have elected to receive
communications electronically) as set out in Scales’ share
register, and any such modification or termination will be
notified to NZX, prior to the Record Date on which any
modification or termination will take effect, unless Scales:
a. modifies or terminates the Plan to comply with any
applicable law, the listing rules of any stock exchange
on which the Shares are quoted or any provision of
Scales’ constitution; or
b. makes minor amendments to the Plan where such
amendments are of an administrative or procedural
nature,
in which case no notice need be given.
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Scales Corporation Limited Dividend Reinvestment Plan - Offer Document

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Scales Corporation Limited Dividend Reinvestment Plan - Offer Document

Terms and Conditions (continued)
16. Variation or Termination
You may at any time:
a. increase or decrease the number of your Participating
Shares by making a new Participation Election in
accordance with clause 5; or
b. terminate your participation in the Plan by written
notice to Scales’ Share Registrar at the address set
out in clause 5, or revoking your Online Election at
www.investorcentre.com/nz
Such variation or termination will take effect on the first
Election Date after receipt by Scales’ Share Registrar of
the new Participation Election or the written termination
notice, as the case may be.
17. Partial Dispositions
If you dispose of some but not all of your Participating
Shares, you will be deemed to have terminated your
participation in the Plan with respect to the Participating
Shares you disposed of from the date Scales’ Share
Registrar registers a transfer of those Participating Shares.
This means that if you have elected full participation, all
of your remaining Shares will be Participating Shares or,
if you have elected partial participation your nominated
percentage of remaining Shares will be Participating
Shares, unless you withdraw or modify your Participation
Election in accordance with clause 16.
18. Dispositions of all of your Participating Shares
If you dispose of all of your Participating Shares, you will be
deemed to have terminated your participation in the Plan
from the date Scales’ Share Registrar registers a transfer
of those Shares.
19. Taxation
For New Zealand tax purposes, if you reinvest the net
proceeds of your cash dividends to acquire Additional
Shares, you should be treated in the same way as if you
had not participated in the Plan. This means that if you
participate in the Plan, you should derive dividend income
of the same amount that you would have derived had you
not participated in the Plan. The taxation summary above
is based on New Zealand taxation laws as at the date of
this Offer Document and is, of necessity, general. It does
not take into account your individual circumstances and
the specific tax consequences of your participation or
non-participation in the Plan, which may vary considerably.
You should not rely on this general summary but should
seek your own tax advice. Scales does not accept any
responsibility for the financial or taxation effects of your
participation or non-participation in the Plan.
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Scales Corporation Limited Dividend Reinvestment Plan - Offer Document

Terms and Conditions (continued)
20. Costs
You will not be charged for participation in or withdrawal
from the Plan. You will not incur any brokerage costs on the
allotment of your Additional Shares.
21. Quotation of Additional Shares
21.1
It is expected that the Additional Shares will be quoted
on the NZX Main Board upon completion of allotment
procedures. However, NZX does not accept responsibility
for any statement in this Offer Document.
21.2
You cannot trade in any Additional Shares allotted to you
pursuant to the Plan, either as principal or agent, until
official quotation of the Additional Shares on the NZX Main
Board in accordance with the applicable listing rules which
apply as a result of Scales’ listing on the NZX Main Board
from time to time. Scales expects that the Additional
Shares will commence trading on the NZX Main Board on
the trading day immediately after their allotment.
22. Listing Rules
The Plan is subject to any applicable listing rules and to any
rules for clearing and/or settlement which apply to Scales
as a result of its listing on the NZX Main Board or any other
stock exchange from time to time (together, the Rules) and
in the event of any inconsistency between the Plan and the
Rules, the Rules will apply.
23. Information for Shareholders
The offer of Shares under the Plan does not require a
regulated disclosure document under New Zealand and
Australian legislation as a result of clause 10 of Schedule
1 of the Financial Markets Conduct Act 2013 (New
Zealand) and section 708 of the Corporations Act 2001
(Cth), respectively. Accordingly, this document does not
constitute a prospectus or product disclosure statement.
24. No Financial Product Advice
Scales shareholders should note that Scales is not
licensed to provide financial product advice in relation to
the Shares offered under the Plan. There is no cooling-
off regime that applies in respect of the acquisition of
Shares offered under the Plan. This Plan does not take
into account shareholders’ personal objectives, financial
situations or needs. Shareholders should consider
obtaining their own financial product advice in relation
to the Plan from a broker, financial, investment or other
professional adviser.
25. Governing Law
The Plan and its operation will be governed by the laws of
New Zealand.
26. Dividend Policy
Scales’ current dividend policy can be found on its website
at www.scalescorporation.co.nz/investors/dividend/.
27. Other Information
You can download an electronic copy of Scales’ most
recent Annual Report and Scales’ most recent financial
statements (and any auditor’s report on those financial
statements) from Scales’ website at:
www.scalescorporation.co.nz/investors/
Alternatively, you can request a copy of these documents
free of charge by writing to Scales’ registered office at:
Scales Corporation Limited
52 Cashel Street
Christchurch Central
Christchurch 8013
New Zealand
11
Scales Corporation Limited Dividend Reinvestment Plan - Offer Document

52 Cashel Street, Christchurch 8013, New Zealand
www.scalescorporation.co.nz
Scales Corporation Limited

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YOU SHOULD NOT COMPLETE THIS FORM IF YOU WISH TO RECEIVE ALL DIVIDENDS DECLARED IN CASH
The Dividend Reinvestment Plan Offer Document, which this Participation Notice accompanies, is important. Capitalised terms used in this
Participation Notice have the meaning given to them in the Offer Document. If you have any questions in relation to the Plan, please consult
your broker, financial, investment or other professional adviser.
Please see instructions below on how to complete this Participation Notice and where to send it.
Scales offers its shareholders the ability to participate in the Plan on the terms set out in the Offer Document dated 3 June 2026.
If you wish to participate in the Plan, or to vary your participation in the Plan, you should make a Participation Election by completing this form
and sending it to Scales’ Share Registrar. Alternatively, you may make your Participation Election, or vary an existing Participation Election,
online by visiting www.investorcentre.com/nz. Refer to clause 5.1 of the Offer Document for further details.
* If a joint holding all holders must sign.
* If a company is signing, it must be signed on behalf of the company by a person or persons duly authorised for that purpose.
* lf this Participation Notice is signed under a power of attorney, a certificate of non-revocation of power of attorney in the usual form must also
be submitted with this Participation Notice.
Participation in the Plan will commence on the first Election Date after receipt by Scales’ Share Registrar of your correctly completed
Participation Election. Your participation in the Plan will continue to apply until you vary or terminate it by written notice in accordance with the
terms and conditions of the Plan.
Contact details (please provide your contact details below):
Shareholder’s Name:
Shareholder’s Address:
CSN / Holder Number:
Date:
I wish to participate in the Plan and request:
Option 1: Full participation (including any future Scales Shares acquired)
Option 2: Partial participation (state percentage of Scales Shares held by you from time to time to participate in the Plan: %)
Certification
By accepting this offer and participating in the Plan, you are agreeing to the terms and conditions set out in the Offer Document and you give
the certification set out below.
Execution*
Holder/Director/Authorised PersonHolder/Director/Authorised PersonHolder/Director/Authorised Person
Contact NameMobile or Daytime Telephone Number
Participation Notice
Scales Corporation Limited Dividend Reinvestment Plan
Scales Corporation Limited Dividend Reinvestment Plan - Participation Notice1

Participation Notice
Scales Corporation Limited Dividend Reinvestment Plan
Instructions
You may make your Participation Election, or vary an existing Participation Election, online by visiting: www.investorcentre.com/nz, instead of
completing this Participation Notice (refer to clause 5.1 of the Offer Document for further details).
How to complete the Participation Notice
Carefully read the Offer Document. In this Participation Notice, where the context requires, a reference to “I” includes a reference to “we”.
If you do not understand the Offer Document, this Participation Notice or if you have any questions about what to do in relation to the Plan,
please consult your broker, financial, investment or other professional adviser.
Your Details
You should enter the name of the shareholder who wishes to participate in the Plan as recorded in Scales’ share register. For example, if you
are a joint shareholder, you should enter the name of all joint shareholders or if you are applying on behalf of a company, you should enter the
name of that company.
You must also enter the address and CSN for the relevant shareholder. In some cases, the notice you receive may already be personalised, in
which case you will only need to complete those details which have not been personalised (such as your Participation Election).
Participation
Choose full participation or partial participation in the Plan by ticking the corresponding box.
If you choose partial participation in the Plan, you must state the percentage of your Shares that you wish to participate in the Plan.
Make one application only, whether personally or through a custodian or other nominee shareholder.
Certification
I confirm that I wish to apply for the amount of my Shares indicated in the Participation Notice to participate in the Plan and agree that:
• By applying for participation in the Plan, I acknowledge that I have received the Offer Document containing the Terms and Conditions
dated 3 June 2026 and confirm that I have read the Participation Notice and the Offer Document in their entirety. I irrevocably and
unconditionally agree to the terms and conditions of the Plan set out in the Offer Document.
• If I am not applying through a New Zealand or Australian resident nominee, I certify that my address recorded in the Scales share register
is in New Zealand or Australia and I currently hold Shares.
• If I am applying through a New Zealand or Australian resident nominee, I represent and warrant to Scales that I can lawfully participate in
the Plan through my nominee and I currently hold Shares through my nominee.
Execution
You should sign the Participation Notice where indicated.
Contact Details
Fill in your daytime telephone number and contact name, as we may need to contact you, for example, if you have not filled in the Participation
Notice correctly.
Once complete, please return your Participation Notice to Scales’ Share Registrar:
By Post
Scales Corporation Limited
C/- Computershare Investor Services Limited
Private Bag 92119
Victoria Street West
Auckland 1142
New Zealand
Scan and email:
drp@computershare.co.nz
(Please put Scales Corporation Limited in the subject
line for easy identification)
Scales Corporation Limited Dividend Reinvestment Plan - Participation Notice2