Turners 2026 Annual Meeting Presentation

1• 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
2026 Annual
Meeting
Presentation
19 August 2026

2 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Board of Directors
Grant Baker
Non-executive Chairman
Matthew Harrison
Non-executive Director
Alistair Petrie
Non-executive Director
Todd Hunter
Group CEO & Managing
Director
Antony Vriens
Independent Director
John Roberts
Independent Director
Lauren Quaintance
Independent Director

3 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Meeting Agenda
1. Presentations
•Address from the Chair, Grant Baker
•Address from the CEO, Todd Hunter
•Address from Directors up for re-election
2. Shareholder Discussion
3. Resolutions are per Notice of Meeting
•Resolution 1 - That Baker Tilly Staples Rodway be reappointed as auditor of the Company and that the
Directors be authorised to fix the auditor’s remuneration.
•Resolution 2 - That Matthew Harrison, who retires by rotation pursuant to NZX Main Board Listing Rule
2.7.1 and has offered himself for re-election, be re-elected as a Director of the Company.
•Resolution 3 - That Lauren Quaintance, who retires by rotation pursuant to NZX Main Board Listing Rule
2.7.1 and has offered herself for re-election, be re-elected as a Director of the Company.
•Resolution 4 - That John Roberts, who retires by rotation pursuant to NZX Listing Rule 2.7.1 and has
offered himself for re-election, be re-elected as a Director of the Company.
4. General Business

4 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Chairman’s Address
Grant Baker
4 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP

5 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP5 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP

6 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
6 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
•Record result with resilient used car market
•Staying on the front foot with expansion plans
•Increased funding headroom at lower rates
•Tough economic backdrop playbook re-deployed

7 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Successful strategy and execution continues to deliver
record results
* Dividends fully imputed from FY17 onwards
Operating profit contribution by segment ($M)
Dividend per Share ($)
0
10
20
30
40
50
60
70
80
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Operating Profit ($M)
Automotive retailFinanceInsuranceCredit management
0.100
0.130
0.145
0.155
0.170
0.140
0.200
0.2300.230
0.255
0.290
0.330
0.00
0.05
0.10
0.15
0.20
0.25
0.30
0.35
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Note - the FY26 EC Credit Control Operating Result excludes intangible impairment of $7.5M

8 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Turners continues to deliver on its growth commitments...
1.The FY26 result extended our track record of resilience, by again delivering another record, despite an extremely challenging
consumer environment.
2.FY26 dividend of 33.0 cps up +14 % on FY25 and continues the run of strongly growing dividends over 12 years.
3.The big three auto related divisions delivered strong growth in FY26, gains from Auto Retail, Finance, and Insurance was offset
by a small reduction in Credit Management.
4.A story of improving consumer confidence throughout FY26. Business delivered a record profit performance in Q426. However
momentum has slowed due the Middle East conflict began in March.
5.Business is in an excellent position from a funding perspective. New facilities with the banks and a termed-out securitisation
warehouse improved our pricing, increased our capacity and reduced our capital requirements.
6.Turners team remain highly motivated, with high levels of employee engagement and share ownership.
7.Diversified earnings are a strength. We expect our annuity businesses to continue to perform but the auto retail business has
been affected YTD by the continuation of the Iran war.

9 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
FY26 Results snapshot
Revenue
Net profit aftertax
2
Revenue
$451.2M+9%
Normalised EBIT
1
$70.6M +14%
Reported Net Profit BeforeTax
$55.7M+3%
Reported Net Profit After Tax
$38.2M -1%
Normalised Net Profit Before Tax
2
$63.2M +16%
Normalised Net Profit After Tax
2

$45.6M +18%
Shareholders’ Equity
$318M as at 31 March 26
Final Dividend 9.0cps (fully imputed)
FY26Div33.0 cps +14%
Earnings PerShare
2
50.4cps+16%
1
EBIT adjusted for interest expense in Finance (non-IFRS measure), and EC Credit Control intangible impairment
2
the FY26 Normalised NPBT/NPAT excludes EC Credit Control intangible impairment of $7.47M
-
100.0
200.0
300.0
400.0
500.0
FY20FY21FY22FY23FY24FY25FY26
Millions
2H
1H
-
10.0
20.0
30.0
40.0
50.0
FY20FY21FY22FY23FY24FY25FY26
Millions
2H
1H

10 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
We operate to a simple formula
10 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP

11 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Quality outcomes
for our
shareholders
Quality
environment
for our people
+
Quality
customer
experiences
=
Top 5% globally for levels
of team engagement
measured through
Peakon Workday tool
Winner of Most Trusted
Used Car Dealership 7
years running
67% of our team
people own shares in
Turners
A decade of increasing
dividends and share price
growth for shareholders
(except for 2020)

12 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
10.0
13.0
14.5
15.5
17.0
14.0
20.0
23.023.0
25.5
29.0
33.0
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Turners has delivered sustainable dividend growth
Dividend per Share ($)
Note - Dividends fully imputed from FY17 onwards
•Continued the track record of delivering strong,
sustainable and growing dividends in the business
(CAGR 10.5% over 12 years).
•Directors declared a final dividend of 9.0 cents per share
taking full FY26 dividends to 33.0 cents per share fully
imputed.
•Dividend Reinvestment Plan will continue to be assessed
on a case by case basis
COVID
impacted year

13 • 2025 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Future Growth
13 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP

14 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Net Profit Before Tax ($M)
We hold ourselves to account
We have published 4 multi-year profit targets since Mar-22 with our latest target of $100M in FY31 announced
in Mar-26 at our investor day.
Target #4 of $100M NPBT by FY31
•50% organic growth on top of the FY26
result + a small amount of additional
inorganic growth will get us to the
$100M
•Continued organic growth will come
from Auto Retail with new branches
planned plus growth in Finance
business, direct to consumer growth in
Insurance, and growth in Turners
Servicing and Repairs
FY19FY20FY21FY22FY23FY24FY25FY26FY27
FY28
(F)
FY29FY30FY31
NPBT
29.029.037.043.045.549.154.363.265.0100
20.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
110.0
Note - the FY26 NPBT excludes EC Credit Control intangible impairment of $7.5M

15 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
•I love cars
•Management, wider team and board “skin in the game”
•Strong culture and highly engaged team, with ownership mindset = powerful combo
•Our used car platform it is extremely difficult to replicate
•A strong focus on growth and opportunities, great businesses that are even better together
•A proven resilient business that is primed to deliver more in a positive environment
Why I continue to love this company

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One key message today...
“There is a lot more to come...”

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CEO’s Update
Todd Hunter
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-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
50%
2001200320052007200920112013201520172019202120232025
Used Car % Change Y on Y
New Car & LCV % Change Y on Y
% Change Yr on Yr, New Car vs Used Car Sales
Source NZTA
Used car market resilient, dealer numbers flat lined
2,200
2,400
2,600
2,800
3,000
3,200
3,400
3,600
3,800
Jan-17
Jun-17
Nov-17
Apr-18
Sept-18
Feb-19
Jul-19
Dec-19
May-20
Oct-20
Mar-21
Aug-21
Jan-22
Jun-22
Nov-22
Apr-23
Sept-23
Feb-24
Jul-24
Dec-24
May-25
Oct-25
Mar-26
Registered Dealer Numbers NZ (source MBIE)
26% drop
3,518
Feb-18
2,608
Jul-26

19 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
0%
5%
10%
15%
20%
25%
30%
35%
January
February
March
April
May
June
July
August
September
October
November
December
January
February
March
April
May
June
July
20252026
Diesel
The impact of the fuel crisis on mix of new cars sold has
been material
Fuel crisis
Market share of new car sales by fuel type

20 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
January
February
March
April
May
June
July
August
September
October
November
December
January
February
March
April
May
June
July
20252026
Petrol
Diesel
The impact of the fuel crisis on mix of new cars sold has
been material
Market share of new car sales by fuel type
Fuel crisis

21 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
January
February
March
April
May
June
July
August
September
October
November
December
January
February
March
April
May
June
July
20252026
Petrol
Diesel
BEV/PHEV
The impact of the fuel crisis on mix of new cars sold has
been material
Market share of new car sales by fuel type
Fuel crisis

22 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
January
February
March
April
May
June
July
August
September
October
November
December
January
February
March
April
May
June
July
20252026
Petrol
Diesel
Hybrid
BEV/PHEV
The impact of the fuel crisis on mix of new cars sold has
been material
Fuel crisis
Market share of new car sales by fuel type

23 • 2025 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Business
Divisions
23 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP

24 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
One key message today...
“Great businesses that are
even better together”

25 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Sell a car
Finance
a car
Insure
a car
Service and
repair a car
Buy a car
Building a used car platform

26 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Auto Retail Division
Brand strength​
Agile sourcing​
Cost focus

27 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Auto Retail – FY26 Summary
Operating Profit Contribution Auto Retail ($M)
•FY26 NZ auto market conditions were
challenging in 1H26 but improved throughout
2H26.​
•Our sourcing initiatives, pricing optimisation and
stock management discipline during 1H set us
up for margin expansion in 2H.​
•Strong performance from the commercial
divisions with Damaged/end-of-life revenues up
10% on FY25 and Trucks and Machinery
revenues up 8%.​
•Commercial division benefited from increased
liquidations and receiverships, particularly in 2H.​
•Continuing to expand our network andgrow our
market share.
13.8
15.4
19.4
25.0
31.8
29.1
32.6
-
5.0
10.0
15.0
20.0
25.0
30.0
35.0
FY20FY21FY22FY23FY24FY25FY26

28 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Branch expansion pipeline
“Opportunities” pipeline
New locations
•Takanini (Lease)
•Inner west Auckland (purchase)
•East Auckland (purchase)
•NE Christchurch (purchase)
•Hamilton South (purchase)
Regional targets
• Cambridge
• Taupo
• Gisborne
• Masterton
• Kapiti Coast
• Upper Hutt
• Blenheim
• Central Otago
Committed development pipeline
We own 23 of our sites with a carrying value of $170M (Aug-26)
No profit impact from new branches in FY27, but the pipeline is building well.
LocationBranchSizeTiming
Expected additional
profit contribution
Roscommon Rd - ManukauCars10,000m2Q1 FY28$700k
Tauranga - GreertonCars7,600m2Q1 FY28$600k
WhanganuiCars3,400m2Q1 FY28$500k
Hastings Cars4,300m2Q1 FY28$600K
Drury (replacement)Commercial18,000m2Q4 FY27$200k
Hamilton Te Rapa (replacement)Cars8,000m2Q3 FY28$400k

29 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
•10,000m2, owned since 2017
•Transitioning from a Trucks and
Machinery Branch to a Cars branch
•Yard and building works expected to
be completed in Q1FY28​
•Expected to contribute additional
$700k PBT annually.
New Turners Cars site Wiri - Auckland

30 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Wiri Concept

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•7,600m2, owned since 2026
•Demolition and building works well
underway
•New yard and building works
completed in Q1FY28​
•Expected to contribute additional
$600k PBT annually.
New Turners Cars site Greerton - Tauranga

32 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
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Greerton Concept
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•3,400m2, owned since 2026
•Demolition completed and building
works well underway
•New yard and building works
completed in Q1FY28​
•Expected to contribute additional
$500k PBT annually.
New Turners Cars site Whanganui

35 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Turners Cars
(Invercargill)
35 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP

36 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
•4,300m2, owned since 2026
•Planning and consenting process
underway
•Building works completed in Q1FY28​
•Expected to contribute additional
$600k PBT annually.
New Turners Cars site Hastings
Albert St

37 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP

38 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
•8,000m2, owned since 2026
•Planning and consenting process
underway
•Building works completed in Q3FY28​
•Expected to contribute additional
$400k PBT annually.
Replacement Turners Cars site Hamilton

39 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP

40 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
•18,000m2 highly visible site
adjacent to SH1, leased site.
•Owner completing building
works completed in Q4FY27​
•Expected to contribute additional
$200k PBT annually.
Replacement Turners Trucks & Machinery site Drury

41 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Finance Division
Loan book in growth mode
Funding in place to support growth
Generating operating leverage

42 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Finance - Summary
Operating Profit Contribution Finance ($M)
12.2
15.8
18.0
15.0
12.2
16.0
19.2
(3.0)
2.0
7.0
12.0
17.0
22.0
FY20FY21FY22FY23FY24FY25FY26
•Strong market share gains in FY26
•Consumer lending has increased while commercial
lending has decreased. Our credit policies have
continued to be tightened over the last 12 months.
•New unsecured lending product performing well.
•Positive operating leverage demonstrated in FY26.

43 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
200
250
300
350
400
450
500
550
600
650
Millions
Receivables by month (excl. impairments)
Our finance business is back in growth mode
Pricing discipline
7.5% book growth
in first 4 months
of FY27

44 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Quality lending is something we don’t compromise on
Consumer arrears
Oxford Finance
July – 2.1%
Centrix Auto
Loan Portfolio
June-26 - 5.2%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
Apr-20
Jul-20
Oct-20
Jan-21
Apr-21
Jul-21
Oct-21
Jan-22
Apr-22
Jul-22
Oct-22
Jan-23
Apr-23
Jul-23
Oct-23
Jan-24
Apr-24
Jul-24
Oct-24
Jan-25
Apr-25
Jul-25
Oct-25
Jan-26
Apr-26
Jul-26
Total consumer arrears (Oxford)Industry arrears (Centrix)

45 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Insurance Division
Stable and consistent business
Distribution networks strategically important
Digital direct platform building

46 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Insurance
Operating Profit Contribution Insurance ($M)
6.2
9.4
11.6
12.5
14.3
16.2
17.3
-
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
20.0
FY20FY21FY22FY23FY24FY25FY26
•Strong premium growth overall with key dealer and
finance broker partnerships the primary driver of
premium growth.
•Direct to consumer offering for Comprehensive Motor
vehicle insurance providing another useful diversified
revenue stream.
•Claims cost inflation has been well managed despite
ongoing global supply chain pressures. MBI loss ratios
have edged up slightly but remain consistent with
long-term historical trends. MBI Loss ratio 58% FY26 (57%
FY25)

47 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Turners Servicing and Repairs
Brand change
Growing the customer base
Growing the network

48 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Turners Servicing and Repairs
•VTNZ WoF Wizard, WoF failures made simple
for ~240k (or 40%) failures p.a.
•Success with SME fleet owners and getting
traction with lease vendors
•Cross sell opportunities with Turners wider
customer base Eg. Service Plans sold with cars,
repair and servicing offers into existing
customer base.

•Focus on growing Auckland further before
expanding to new locations

49 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Credit Management Division
Challenging environment
Payment bank rebuilding
Growing SME business

50 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Credit Management - Summary
Operating Profit Contribution Credit ($M)
6.5
5.1
3.0
2.9
3.1
3.5
1.8
-
1.0
2.0
3.0
4.0
5.0
6.0
7.0
FY20FY21FY22FY23FY24FY25FY26
•Referral volumes were constrained throughout the year due
to several large clients placing temporary holds on debt
referrals while undertaking major system implementations.
•Collections performance remained resilient, with total debt
collected broadly in line with the prior year and ahead of
FY24. Supported by a growing arrangement book, which
helped offset lower referral inflows.
•Total debts under arrangement have increased +9% over the
past 12 months, demonstrating strong underlying
repayment engagement despite lower referral inflows.
•Economic pressure is extending repayment durations, with
more customers opting for longer-term arrangements to
manage affordability.
•Intangible impairment reflects revised medium-term
earnings expectations in light of current trading conditions
Note - the FY26 operating profit excludes intangible impairment of $7.5M

51 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
NZ credit arrears metrics lowest since 2021
Consumer Arrears Trend
Source – Centrix Credit Bureau
•Consumers being ultra-
cautious
•Consumers more aware of
credit scores and impact of
defaults
•Building savings buffers and
keeping on top of
commitments as anticipating
increase in interest rates,
unemployment rising, election
uncertainty
•Result is less spend on
discretionary items.

52 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Business has funding capacity for growth plans. All
investment decisions require a 15% ROE hurdle.
Borrowings by asset class ($M) as at Mar-26
566
164
27
449
137
0
0
100
200
300
400
500
600
Finance Receivables
(77% of total borrowings)
Property
(23% of total borrowings)
Inventory (0% of total
borrowings)
AssetBorrowings
•In Oct-25 a new $200M warehouse was
established in an inauguralpublic term out
transaction.
•Significant improvements in funding rates
and reduced capital commitment from the
new NZ$200m warehouse securitisation
deal.
•Syndicated banking facilities extended in
April-26, increasing funding capacity and
reducing costs.
•Corporate funding capacity is more than
sufficient to support committed branch
expansion plans in Auto Retail.

53 • 2025 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Looking
forward ...
53 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP

54 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
What has changed
•Lower demand because of fuel shock: The Middle East conflict has persisted, slowing New Zealand’s economic recovery and
denting consumer confidence. Higher fuel prices have materially reduced demand for diesel and larger petrol engine vehicles
resulting in trading conditions that are materially harder in 1H27 than 1H26 and 1H25.
•Vehicle margin impact more pronounced: We repositioned inventory quickly, but the effect on vehicle margins has been longer
and larger than we anticipated in May.
•Lower sales volumes of ex-lease cars: The reduction in the market prices for diesel Utilities and SUVs has reduced the level of
sales as the vendors take time to meet market prices. Consignment units sold are down 14% July YTD. This is a timing issue and as
the lease vendor's pricing expectations adjustthese units will sell through.
What has not changed
•Group NPBT is tracking ahead of last year: The diversification in the group continues to deliver where Finance growth has more
than offset the reduction in Auto Retail profit, and accordingly NPBT April-July FY27 v April-July FY26 is 4% ahead.
•Finance momentum: strong loan book growth continues, up a further 7.5% since March 2026, with arrears holding up extremely
well despite the pressure on the New Zealand consumer.
•Insurance and Credit Management: both broadly in line with last year.
•Confidence in strategy: We remain extremely confident in the long term strategy and work continues at pace on our Auto Retail
branch expansion opportunities.
Outlook

55 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
What it means
•Target unchanged, but short-term risks persist: We continue to target $65m NPBT in FY27. Without a resolution to the Middle East
situation and a recovery in consumer confidence, sales of large engine vehicles and diesel product are likely to remain challenging. This
short-term uncertainty creates some risk in achieving that target in FY27, before momentum returns in FY28. Conversely, a faster recovery
in confidence and margins in FY27 would work the other way.
•$100m Target reiterated: Nothing has changed management’s conviction in the medium-term plan. Turners is tracking well towards its
$100m NPBT target by FY31.
Outlook

56 • 2025 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Shareholder
Discussion
56 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP

57 • 2025 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Resolutions
57 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP

58 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Resolutions
ORDINARY RESOLUTIONS:
•Resolution 1 - That Baker Tilly Staples Rodway be reappointed as auditor of the Company and that the
Directors be authorised to fix the auditor’s remuneration.
•Resolution 2 - That Matthew Harrison, who retires by rotation pursuant to NZX Main Board Listing Rule 2.7.1
and has offered himself for re-election, be re-elected as a Director of the Company.
•Resolution 3 - That Lauren Quaintance, who retires by rotation pursuant to NZX Main Board Listing Rule
2.7.1 and has offered herself for re-election, be re-elected as a Director of the Company.
•Resolution 4 - That John Roberts, who retires by rotation pursuant to NZX Listing Rule 2.7.1 and has offered
himself for re-election, be re-elected as a Director of the Company.

59 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Voting
Resolution: Proxies FORAGAINST
PROXY
DISCRETION
1. Auditor’s reappointment / remuneration23,765,850112,6292,225,991
2. Re-election of Matthew Harrison18,530,5705,244,5692,326,262
3. Re-election of Lauren Quaintance23,760,1088,8562,326,262
3. Re-election of John Roberts23,663,31283,4342,351,262
Total proxies received in respect of 26,104,470shares representing 28.53% of total shares on issue.
Voting on each resolution will be by way of poll.

60 • 2025 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP
Close of
meeting
60 • 2026 ASM PRESENTATION TURNERS AUTOMOTIVE GROUP