NZME acquires Stuff’s Petone plant equipment

NZME Limited. 2-4 Graham Street, Private Bag 92198, Victoria Street West, Auckland.

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NEW ZEALAND MEDIA AND ENTERTAINMENT
MARKET ANNOUNCEMENT

06 ugust 2026
7 AUGUST 2026


NZME acquires Stuff’s Petone plant equipment to maximise future profitability of print

AUCKLAND, 7 August 2026: NZME Limited (NZX and ASX: NZME) (NZME) today announced it has finalised
an agreement to acquire the print plant equipment at Stuff's current Petone facility, in a move that further
extends and enhances the profitability of NZME's ongoing print operations.

Under the agreement, NZME will take ownership of Stuff’s Petone plant equipment and begin removing it from
the site later this year. The total investment, including relocation, installation and commissioning, is expected
to be up to $15 million over the next two years, with cashflow payback within the following three years. The
Petone equipment is about a third of the size of NZME's current plant and runs more efficiently, meaning the
acquisition is expected to deliver annual operating savings of around $7 million, subject to print volumes, once
installed. In addition, this provides the capability for NZME to provide further third-party print options throughout
the North Island.

Michael Boggs, NZME Chief Executive Officer, says the acquisition will help right size NZME’s production
capacity, ensuring its future sustainability.

"Print remains an important part of how many New Zealanders consume news and connect with their
communities. We're investing in the capability to continue delivering that for years to come, alongside our
growing digital platforms."

NZME's current lease at Ellerslie enables printing operations through to the end of 2028, with the Petone
equipment to be installed at a new facility in a managed transition that ensures continuity of service for NZME’s
print customers.

Matt Wilson, NZME Chief Publishing Officer, says: "The Petone plant equipment is more modern, well
maintained and right-sized for our current and future requirements. Acquiring it gives us the opportunity to
improve productivity, reduce wastage further, and establish a printing platform that matches our business. We're
pleased to have been able to move quickly to secure this asset.

“NZME has a strong record of reliability and award-winning print quality, which is a reflection of the capability
of our team. We're committed to carrying that same standard of excellence into our new facility with a seamless
transition."

NZME expects to provide further detail at its Half Year Results later this month.

ENDS
Authorised by: Michael Boggs, NZME Chief Executive Officer

For further information please contact:
For media For investors
Kelly Gunn
GM Communications
+64 27 213 5625
kelly.gunn@nzme.co.nz
Jo Hempstead
Chief Financial Officer
+64 21 244 5898
jo.hempstead@nzme.co.nz