AoFrio Limited/Announcement
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Directors' and Officers' Relevant Interests

Insider/Shareholder Notice1 July 2026AOFFinancials

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and

Name of listed issuer:

Date this disclosure made:

Date of last disclosure:

Director or senior manager giving disclosure

Full name(s):

Name of listed issuer:

Name of related body corporate (if applicable):

Position held in listed issuer:

Summary of acquisition or disposal of relevant interest (excluding specified derivatives)

Class of affected quoted financial products: Ordinary shares

Nature of the affected relevant interest(s):Beneficial

For that relevant interest-

Number held in class before acquisition or disposal:3165743

Number held in class after acquisition or disposal:3917992

Current registered holder(s):

John Scott

Registered holder(s) once transfers are registered:

John Scott

Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)

Type of affected derivative: N/A

Class of underlying financial products:N/A

Details of affected derivative-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

N/A

A statement as to whether the derivative is cash settled or physically settled:N/A

Maturity date of the derivative (if any):N/A

Expiry date of the derivative(if any):N/A

The price specified in the terms of the derivative (if any):N/A

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the underlying

financial products:

N/A

For that derivative,-

Parties to the derivative:

N/A

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

N/A

Details of transactions giving rise to acquisition or disposal

Total number of transactions to which notice relates:

1

Details of transactions requiring disclosure-

Date of transaction:

25-Jun-26

Nature of transaction:

Take up rights under AoFrio

rights issue

Name of any other party or parties to the transaction (if known):

AoFrio rights issue

The consideration, expressed in New Zealand dollars, paid or received for the acquisition

or disposal. If the consideration was not in cash and cannot be readily by converted into a

cash value, describe the consideration:

$52,657

Number of financial products to which the transaction related:

752,249

AoFrio Limited

AoFrio Limited

N/A

Director

John Scott

1-Jul-26

25-Aug-25

If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)

include the following details—

Whether relevant interests were acquired or disposed of during a closed period:

N/A

Whether prior written clearance was provided to allow the acquisition or disposal to

proceed during the closed period:

N/A

Date of the prior written clearance (if any):N/A

Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products:

N/A

Nature of relevant interest:

N/A

For that relevant interest,-

Number held in class:

N/A

Current registered holder(s):

N/A

For a derivative relevant interest,-

Type of derivative:

N/A

Details of derivative,-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

N/A

A statement as to whether the derivative is cash settled or physically settled:N/A

Maturity date of the derivative (if any):N/A

Expiry date of the derivative (if any):N/A

The price's specified terms (if any):N/A

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the underlying

financial products:

N/A

For that derivative relevant interest,-

Parties to the derivative:

N/A

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

N/A

Certification

I certify that, to the best of my knowledge and belief, the information contained in this

disclosure is correct and that I am duly authorised to make this disclosure by all persons

for whom it is made.

Signature of director or officer:

Date of signature:

or

Signature of person authorised to sign on behalf of director or officer:

Date of signature:1-Jul-26

Name and title of authorised person:Chief Financial Officer

Notes

Use this form to disclose all the acquisitions and disposals by a director or senior

manager of a listed issuer, or of a related body corporate, or in specified derivatives. The

disclosure must be made within—

(a) 20 working days after the first acquisition or disposal disclosed in this

notice if the acquisitions or disposals are of a kind referred to in section 297(2)(a) of the

Financial Markets Conduct Act 2013; or

(b) in any other case, 5 trading days after the first acquisition or disposal

disclosed in this notice.

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and

Name of listed issuer:

Date this disclosure made:

Date of last disclosure:

Director or senior manager giving disclosure

Full name(s):

Name of listed issuer:

Name of related body corporate (if applicable):

Position held in listed issuer:

Summary of acquisition or disposal of relevant interest (excluding specified derivatives)

Class of affected quoted financial products: Ordinary shares

Nature of the affected relevant interest(s):Beneficial

For that relevant interest-

Number held in class before acquisition or disposal:0

Number held in class after acquisition or disposal:110,000

Current registered holder(s):

Rosalind Buick

Registered holder(s) once transfers are registered:

Rosalind Buick

Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)

Type of affected derivative: N/A

Class of underlying financial products:N/A

Details of affected derivative-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

N/A

A statement as to whether the derivative is cash settled or physically settled:N/A

Maturity date of the derivative (if any):N/A

Expiry date of the derivative(if any):N/A

The price specified in the terms of the derivative (if any):N/A

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the underlying

financial products:

N/A

For that derivative,-

Parties to the derivative:

N/A

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

N/A

Details of transactions giving rise to acquisition or disposal

Total number of transactions to which notice relates:

1

Details of transactions requiring disclosure-

Date of transaction:

25-Jun-26

Nature of transaction:

Take up rights under AoFrio

rights issue

Name of any other party or parties to the transaction (if known):

AoFrio rights issue

The consideration, expressed in New Zealand dollars, paid or received for the acquisition

or disposal. If the consideration was not in cash and cannot be readily by converted into a

cash value, describe the consideration:

$7,700.00

Number of financial products to which the transaction related:

110,000

AoFrio Limited

AoFrio Limited

N/A

Director

Rosalind Buick

1-Jul-26

31-Jan-24

If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)

include the following details—

Whether relevant interests were acquired or disposed of during a closed period:

N/A

Whether prior written clearance was provided to allow the acquisition or disposal to

proceed during the closed period:

N/A

Date of the prior written clearance (if any):N/A

Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products:

N/A

Nature of relevant interest:

N/A

For that relevant interest,-

Number held in class:

N/A

Current registered holder(s):

N/A

For a derivative relevant interest,-

Type of derivative:

N/A

Details of derivative,-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

N/A

A statement as to whether the derivative is cash settled or physically settled:N/A

Maturity date of the derivative (if any):N/A

Expiry date of the derivative (if any):N/A

The price's specified terms (if any):N/A

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the underlying

financial products:

N/A

For that derivative relevant interest,-

Parties to the derivative:

N/A

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

N/A

Certification

I certify that, to the best of my knowledge and belief, the information contained in this

disclosure is correct and that I am duly authorised to make this disclosure by all persons

for whom it is made.

Signature of director or officer:

Date of signature:

or

Signature of person authorised to sign on behalf of director or officer:

Date of signature:1-Jul-26

Name and title of authorised person:Chief Financial Officer

Notes

Use this form to disclose all the acquisitions and disposals by a director or senior

manager of a listed issuer, or of a related body corporate, or in specified derivatives. The

disclosure must be made within—

(a) 20 working days after the first acquisition or disposal disclosed in this

notice if the acquisitions or disposals are of a kind referred to in section 297(2)(a) of the

Financial Markets Conduct Act 2013; or

(b) in any other case, 5 trading days after the first acquisition or disposal

disclosed in this notice.

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and

Name of listed issuer:

Date this disclosure made:

Date of last disclosure:

Director or senior manager giving disclosure

Full name(s):

Name of listed issuer:

Name of related body corporate (if applicable):

Position held in listed issuer:

Summary of acquisition or disposal of relevant interest (excluding specified derivatives)

Class of affected quoted financial products: Ordinary shares

Nature of the affected relevant interest(s):Indirect Interest

For that relevant interest-

Number held in class before acquisition or disposal:500,000

Number held in class after acquisition or disposal:642,856

Current registered holder(s):

Rachel Fiona Goddard

Registered holder(s) once transfers are registered:

Rachel Fiona Goddard

Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)

Type of affected derivative: N/A

Class of underlying financial products:N/A

Details of affected derivative-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

N/A

A statement as to whether the derivative is cash settled or physically settled:N/A

Maturity date of the derivative (if any):N/A

Expiry date of the derivative(if any):N/A

The price specified in the terms of the derivative (if any):N/A

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the underlying

financial products:

N/A

For that derivative,-

Parties to the derivative:

N/A

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

N/A

Details of transactions giving rise to acquisition or disposal

Total number of transactions to which notice relates:

1

Details of transactions requiring disclosure-

Date of transaction:

25-Jun-26

Nature of transaction:

Take up all rights under

AoFrio rights issue

Name of any other party or parties to the transaction (if known):

AoFrio rights issue

The consideration, expressed in New Zealand dollars, paid or received for the acquisition

or disposal. If the consideration was not in cash and cannot be readily by converted into a

cash value, describe the consideration:

$10,000

Number of financial products to which the transaction related:

142,856

If the issuer has a financial products trading policy that prohibits directors or senior

managers from trading during any period without written clearance (a closed period)

include the following details—

AoFrio Limited

AoFrio Limited

N/A

CEO

Gregory Balla

1-Jul-26

4-Jul-23

Whether relevant interests were acquired or disposed of during a closed period:
N/A

Whether prior written clearance was provided to allow the acquisition or disposal to

proceed during the closed period:

N/A

Date of the prior written clearance (if any):N/A

Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products:

N/A

Nature of relevant interest:

N/A

For that relevant interest,-

Number held in class:

N/A

Current registered holder(s):

N/A

For a derivative relevant interest,-

Type of derivative:

Option to acquire ordinary

shares in AOF

Details of derivative,-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

4,310,000 ordinary shares

A statement as to whether the derivative is cash settled or physically settled:Cash settled

Maturity date of the derivative (if any):1/10/2025

Expiry date of the derivative (if any):31/03/2027

The price's specified terms (if any):$0.115 per ordinary share

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the underlying

financial products:

See capital change notice

7/5/2021

For that derivative relevant interest,-

Parties to the derivative:

Gregory Balla

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

N/A

Certification

I certify that, to the best of my knowledge and belief, the information contained in this

disclosure is correct and that I am duly authorised to make this disclosure by all persons

for whom it is made.

Signature of director or officer:

Date of signature:1-Jul-26

or

Signature of person authorised to sign on behalf of director or officer:

Date of signature:

Name and title of authorised person:

Notes

Use this form to disclose all the acquisitions and disposals by a director or senior

manager of a listed issuer, or of a related body corporate, or in specified derivatives. The

disclosure must be made within—

(a) 20 working days after the first acquisition or disposal disclosed in this

notice if the acquisitions or disposals are of a kind referred to in section 297(2)(a) of the

Financial Markets Conduct Act 2013; or

(b) in any other case, 5 trading days after the first acquisition or disposal

disclosed in this notice.

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and

Name of listed issuer:

Date this disclosure made:

Date of last disclosure:

Director or senior manager giving disclosure

Full name(s):

Name of listed issuer:

Name of related body corporate (if applicable):

Position held in listed issuer:

Summary of acquisition or disposal of relevant interest (excluding specified derivatives)

Class of affected quoted financial products: Ordinary sharesDerivatives

Nature of the affected relevant interest(s):Direct Interest

Holder of 1,556,886 unlisted restricted

stock units (RSUs) pursuant to the

AoFrio Limited New Zealand Restricted

Stock Unit Scheme. Each RSU that

vests convert to one AoFrio Ordinary

Share over a three year period and

subject to performance hurdles (as

detailed in WDT's capital change notice

dated 15 April 2025).

For that relevant interest-

Number held in class before acquisition or disposal:4,074,004 1,556,886

Number held in class after acquisition or disposal:4,656,004 1,556,886

Current registered holder(s):

Registered holder(s) once transfers are registered:

Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)

Type of affected derivative: N/A

Class of underlying financial products:N/A

Details of affected derivative-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

N/A

A statement as to whether the derivative is cash settled or physically settled:N/A

Maturity date of the derivative (if any):N/A

Expiry date of the derivative(if any):N/A

The price specified in the terms of the derivative (if any):N/A

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the underlying

financial products:

N/A

For that derivative,-

Parties to the derivative:

N/A

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

N/A

Details of transactions giving rise to acquisition or disposal

Total number of transactions to which notice relates:

1

Details of transactions requiring disclosure-

Date of transaction:

25-Jun-26

Nature of transaction:

Take up all rights under

AoFrio rights issue

Name of any other party or parties to the transaction (if known):AoFrio rights issue

The consideration, expressed in New Zealand dollars, paid or received for the acquisition

or disposal. If the consideration was not in cash and cannot be readily by converted into a

cash value, describe the consideration:

$40,740.00

Number of financial products to which the transaction related:

582,000

If the issuer has a financial products trading policy that prohibits directors or senior

managers from trading during any period without written clearance (a closed period)

include the following details—

Whether relevant interests were acquired or disposed of during a closed period:

N/A

Howard D. Milliner

Howard D. Milliner

AoFrio Limited

AoFrio Limited

N/A

CFO

Howard D. Milliner

1-Jul-26

30-May-25

Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:

N/A

Date of the prior written clearance (if any):N/A

Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products:

N/A

Nature of relevant interest:

N/A

For that relevant interest,-

Number held in class:

N/A

Current registered holder(s):

N/A

For a derivative relevant interest,-

Type of derivative:

N/A

Details of derivative,-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

N/A

A statement as to whether the derivative is cash settled or physically settled:N/A

Maturity date of the derivative (if any):N/A

Expiry date of the derivative (if any):N/A

The price's specified terms (if any):N/A

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the underlying

financial products:

N/A

For that derivative relevant interest,-

Parties to the derivative:

N/A

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

N/A

Certification

I certify that, to the best of my knowledge and belief, the information contained in this

disclosure is correct and that I am duly authorised to make this disclosure by all persons

for whom it is made.

Signature of director or officer:

Date of signature:1-Jul-26

or

Signature of person authorised to sign on behalf of director or officer:

Date of signature:

Name and title of authorised person:

Notes

Use this form to disclose all the acquisitions and disposals by a director or senior manager

of a listed issuer, or of a related body corporate, or in specified derivatives. The disclosure

must be made within—

(a) 20 working days after the first acquisition or disposal disclosed in this notice

if the acquisitions or disposals are of a kind referred to in section 297(2)(a) of the

Financial Markets Conduct Act 2013; or

(b) in any other case, 5 trading days after the first acquisition or disposal

disclosed in this notice.

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and

Name of listed issuer:

Date this disclosure made:

Date of last disclosure:

Director or senior manager giving disclosure

Full name(s):

Name of listed issuer:

Name of related body corporate (if applicable):

Position held in listed issuer:

Summary of acquisition or disposal of relevant interest (excluding specified derivatives)

Class of affected quoted financial products: Ordinary sharesDerivatives

Nature of the affected relevant interest(s):Direct Interest

Holder of 1,556,886 unlisted restricted

stock units (RSUs) pursuant to the

AoFrio Limited New Zealand Restricted

Stock Unit Scheme. Each RSU that

vests convert to one AoFrio Ordinary

Share over a three year period and

subject to performance hurdles (as

detailed in WDT's capital change notice

dated 15 April 2025).

For that relevant interest-

Number held in class before acquisition or disposal:427,617 1,556,886

Number held in class after acquisition or disposal:488,704 1,556,886

Current registered holder(s):

Registered holder(s) once transfers are registered:

Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)

Type of affected derivative: N/A

Class of underlying financial products:N/A

Details of affected derivative-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

N/A

A statement as to whether the derivative is cash settled or physically settled:N/A

Maturity date of the derivative (if any):N/A

Expiry date of the derivative(if any):N/A

The price specified in the terms of the derivative (if any):N/A

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the underlying

financial products:

N/A

For that derivative,-

Parties to the derivative:

N/A

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

N/A

Details of transactions giving rise to acquisition or disposal

Total number of transactions to which notice relates:

1

Details of transactions requiring disclosure-

Date of transaction:

25-Jun-26

Nature of transaction:

Take up all rights under

AoFrio rights issue

Name of any other party or parties to the transaction (if known):

AoFrio rights issue

The consideration, expressed in New Zealand dollars, paid or received for the acquisition

or disposal. If the consideration was not in cash and cannot be readily by converted into a

cash value, describe the consideration:

$4,276.00

Number of financial products to which the transaction related:

61,087

If the issuer has a financial products trading policy that prohibits directors or senior

managers from trading during any period without written clearance (a closed period)

include the following details—

Whether relevant interests were acquired or disposed of during a closed period:

N/A

Rami Elbeltagi

Rami Elbeltagi

AoFrio Limited

AoFrio Limited

N/A

Vice President Engineering & IT

Rami Elbeltagi

1-Jul-26

30-May-25

Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:

N/A

Date of the prior written clearance (if any):N/A

Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products:

N/A

Nature of relevant interest:

N/A

For that relevant interest,-

Number held in class:

N/A

Current registered holder(s):

N/A

For a derivative relevant interest,-

Type of derivative:

N/A

Details of derivative,-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

N/A

A statement as to whether the derivative is cash settled or physically settled:N/A

Maturity date of the derivative (if any):N/A

Expiry date of the derivative (if any):N/A

The price's specified terms (if any):N/A

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the underlying

financial products:

N/A

For that derivative relevant interest,-

Parties to the derivative:

N/A

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

N/A

Certification

I certify that, to the best of my knowledge and belief, the information contained in this

disclosure is correct and that I am duly authorised to make this disclosure by all persons

for whom it is made.

Signature of director or officer:

Date of signature:

or

Signature of person authorised to sign on behalf of director or officer:

Date of signature:1-Jul-26

Name and title of authorised person:CFO

Notes

Use this form to disclose all the acquisitions and disposals by a director or senior manager

of a listed issuer, or of a related body corporate, or in specified derivatives. The disclosure

must be made within—

(a) 20 working days after the first acquisition or disposal disclosed in this notice

if the acquisitions or disposals are of a kind referred to in section 297(2)(a) of the

Financial Markets Conduct Act 2013; or

(b) in any other case, 5 trading days after the first acquisition or disposal

disclosed in this notice.

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and

Name of listed issuer:

Date this disclosure made:

Date of last disclosure:

Director or senior manager giving disclosure

Full name(s):

Name of listed issuer:

Name of related body corporate (if applicable):

Position held in listed issuer:

Summary of acquisition or disposal of relevant interest (excluding specified derivatives)

Class of affected quoted financial products: Ordinary sharesDerivatives

Nature of the affected relevant interest(s):Direct Interest

Holder of 1,556,886 unlisted restricted

stock units (RSUs) pursuant to the

AoFrio Limited New Zealand Restricted

Stock Unit Scheme. Each RSU that

vests convert to one AoFrio Ordinary

Share over a three year period and

subject to performance hurdles (as

detailed in WDT's capital change notice

dated 15 April 2025).

For that relevant interest-

Number held in class before acquisition or disposal:335,005 1,556,886

Number held in class after acquisition or disposal:382,863 1,556,886

Current registered holder(s):

Registered holder(s) once transfers are registered:

Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)

Type of affected derivative: N/A

Class of underlying financial products:N/A

Details of affected derivative-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

N/A

A statement as to whether the derivative is cash settled or physically settled:N/A

Maturity date of the derivative (if any):N/A

Expiry date of the derivative(if any):N/A

The price specified in the terms of the derivative (if any):N/A

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the underlying

financial products:

N/A

For that derivative,-

Parties to the derivative:

N/A

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

N/A

Details of transactions giving rise to acquisition or disposal

Total number of transactions to which notice relates:

1

Details of transactions requiring disclosure-

Date of transaction:

25-Jun-26

Nature of transaction:

Take up all rights under

AoFrio rights issue

Name of any other party or parties to the transaction (if known):

AoFrio rights issue

The consideration, expressed in New Zealand dollars, paid or received for the acquisition

or disposal. If the consideration was not in cash and cannot be readily by converted into a

cash value, describe the consideration:

$3,350.00

Number of financial products to which the transaction related:

47,858

If the issuer has a financial products trading policy that prohibits directors or senior

managers from trading during any period without written clearance (a closed period)

include the following details—

Whether relevant interests were acquired or disposed of during a closed period:

N/A

Genevieve Clark

Genevieve Clark

AoFrio Limited

AoFrio Limited

N/A

Vice President Product

Genevieve Clark

1-Jul-26

30-May-25

Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:

N/A

Date of the prior written clearance (if any):N/A

Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products:

N/A

Nature of relevant interest:

N/A

For that relevant interest,-

Number held in class:

N/A

Current registered holder(s):

N/A

For a derivative relevant interest,-

Type of derivative:

N/A

Details of derivative,-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

N/A

A statement as to whether the derivative is cash settled or physically settled:N/A

Maturity date of the derivative (if any):N/A

Expiry date of the derivative (if any):N/A

The price's specified terms (if any):N/A

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the underlying

financial products:

N/A

For that derivative relevant interest,-

Parties to the derivative:

N/A

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

N/A

Certification

I certify that, to the best of my knowledge and belief, the information contained in this

disclosure is correct and that I am duly authorised to make this disclosure by all persons

for whom it is made.

Signature of director or officer:

Date of signature:

or

Signature of person authorised to sign on behalf of director or officer:

Date of signature:1-Jul-26

Name and title of authorised person:CFO

Notes

Use this form to disclose all the acquisitions and disposals by a director or senior manager

of a listed issuer, or of a related body corporate, or in specified derivatives. The disclosure

must be made within—

(a) 20 working days after the first acquisition or disposal disclosed in this notice

if the acquisitions or disposals are of a kind referred to in section 297(2)(a) of the

Financial Markets Conduct Act 2013; or

(b) in any other case, 5 trading days after the first acquisition or disposal

disclosed in this notice.

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and

Name of listed issuer:

Date this disclosure made:

Date of last disclosure:

Director or senior manager giving disclosure

Full name(s):

Name of listed issuer:

Name of related body corporate (if applicable):

Position held in listed issuer:

Summary of acquisition or disposal of relevant interest (excluding specified derivatives)

Class of affected quoted financial products: Ordinary sharesDerivatives

Nature of the affected relevant interest(s):Direct Interest

Holder of 1,197,605 unlisted restricted

stock units (RSUs) pursuant to the

AoFrio Limited New Zealand Restricted

Stock Unit Scheme. Each RSU that

vests convert to one AoFrio Ordinary

Share over a three year period and

subject to performance hurdles (as

detailed in WDT's capital change notice

dated 15 April 2025).

For that relevant interest-

Number held in class before acquisition or disposal:233,139 1,197,605

Number held in class after acquisition or disposal:262,139 1,197,605

Current registered holder(s):

Registered holder(s) once transfers are registered:

Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)

Type of affected derivative: N/A

Class of underlying financial products:N/A

Details of affected derivative-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

N/A

A statement as to whether the derivative is cash settled or physically settled:N/A

Maturity date of the derivative (if any):N/A

Expiry date of the derivative(if any):N/A

The price specified in the terms of the derivative (if any):N/A

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the underlying

financial products:

N/A

For that derivative,-

Parties to the derivative:

N/A

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

N/A

Details of transactions giving rise to acquisition or disposal

Total number of transactions to which notice relates:

1

Details of transactions requiring disclosure-

Date of transaction:

25-Jun-26

Nature of transaction:

Take up rights under AoFrio

rights issue

Name of any other party or parties to the transaction (if known):

AoFrio rights issue

The consideration, expressed in New Zealand dollars, paid or received for the acquisition

or disposal. If the consideration was not in cash and cannot be readily by converted into a

cash value, describe the consideration:

$2,030.00

Number of financial products to which the transaction related:

29,000

If the issuer has a financial products trading policy that prohibits directors or senior

managers from trading during any period without written clearance (a closed period)

include the following details—

Whether relevant interests were acquired or disposed of during a closed period:

N/A

Danielle Scott

Danielle Scott

AoFrio Limited

AoFrio Limited

N/A

Manager People, Sustainability & Executive Operations

Danielle Scott

1-Jul-26

30-May-25

Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:

N/A

Date of the prior written clearance (if any):N/A

Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products:

N/A

Nature of relevant interest:

N/A

For that relevant interest,-

Number held in class:

N/A

Current registered holder(s):

N/A

For a derivative relevant interest,-

Type of derivative:

N/A

Details of derivative,-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

N/A

A statement as to whether the derivative is cash settled or physically settled:N/A

Maturity date of the derivative (if any):N/A

Expiry date of the derivative (if any):N/A

The price's specified terms (if any):N/A

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the underlying

financial products:

N/A

For that derivative relevant interest,-

Parties to the derivative:

N/A

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

N/A

Certification

I certify that, to the best of my knowledge and belief, the information contained in this

disclosure is correct and that I am duly authorised to make this disclosure by all persons

for whom it is made.

Signature of director or officer:

Date of signature:

or

Signature of person authorised to sign on behalf of director or officer:

Date of signature:1-Jul-26

Name and title of authorised person:CFO

Notes

Use this form to disclose all the acquisitions and disposals by a director or senior manager

of a listed issuer, or of a related body corporate, or in specified derivatives. The disclosure

must be made within—

(a) 20 working days after the first acquisition or disposal disclosed in this notice

if the acquisitions or disposals are of a kind referred to in section 297(2)(a) of the

Financial Markets Conduct Act 2013; or

(b) in any other case, 5 trading days after the first acquisition or disposal

disclosed in this notice.

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.