Corporate Action Notice for Capital Raising.

Corporate Action Notice
(Other than for a Distribution)
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Section 1: Issuer information
Name of issuer WasteCo Group Limited
Class of Financial Product Ordinary Shares
NZX ticker code WCO
ISIN (If unknown, check on NZX
website)
NZSNKE0001S9
Name of Registry MUFG Pension & Market Services
Type of corporate action
(Please mark with an X in the relevant
box/es)
Share Purchase
Plan/retail offer
X Renounceable
Rights issue or
Accelerated
Offer

Capital
reconstruction
Non-
Renounceable
Rights issue or
Accelerated
Offer

Call Bonus issue
Placement X
Record date N/A (Placement)
Thursday, 10/09/2026 (SPP)
Ex Date (one business day before the
Record Date)
Wednesday, 09/09/2026 (SPP)
Currency NZD
External approvals required before
offer can proceed on an unconditional
basis?
N
Details of approvals required N/A
Section 6: Share Purchase Plans/retail offer
Maximum dollar amount of Equity
Securities to be issued
Up to $50,000 per shareholder/beneficial owner with a
registered address in New Zealand.
Minimum application amount (if any) No minimum application amount.
Maximum application amount per
Equity Security holder
$50,000
Subscription price per Equity Security $0.007
Scaling reference date Scaling according to the record date of Thursday,
10/09/2026.
Closing date Thursday, 24/09/2026, subject to any extension in
accordance with the NZX Listing Rules.

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Allotment date Wednesday, 30/09/2026, with provision for progressive
weekly allotment thereafter if the closing date is extended.
Section 7: Placement
Number of Equity Securities to be
issued
Up to 428,571,427 (including maximum oversubscriptions)
Issue price per Equity Security $0.007
Maximum dollar amount of Equity
Securities to be issued
$2,000,000, with provision for $1,000,000 oversubscriptions
at the board’s discretion
Proposed issue date Monday, 21/09/2026, subject to further progressive weekly
allotment at the board’s discretion should the board decide
to extend.
Existing holders eligible to participate Y
Related Parties eligible to participate Y
Basis upon which participation by
existing Equity Security holders will
be determined
N/A
Purpose(s) for which the Issuer is
issuing the Equity Securities
Proceeds will be applied towards:
• Funding the vehicle and infrastructure required to
support the new nine year, $40 million life time value
kerbside collection contract with Ashburton District
Council which commences in September 2026.
• Part funding the implementation costs associated with
the Turnaround Plan referenced in the Fact Sheet
provided to the market on Wednesday, 02/09/2026.
• Growth capital for WCO’s existing business operations.
• General working capital needs of the group.
Reason for placement rather than a
pro-rata rights issue or an offer under
a Share Purchase Plan in which the
Issuer’s existing Equity Security
holders would have been eligible to
participate
WCO has chosen to undertake a Placement in conjunction
with a Share Purchase Plan to raise capital.
The board of directors of WCO have determined that this
capital raising structure is in the best interests of WCO
having regard to flexibility, the selected nature of the
Placement, and lower cost of a targeted Placement and
Share Purchase Plan in respect of existing holders.
Equity Securities to be issued subject
to voluntary escrow
N
Number and class of Equity
Securities to be issued that will be
subject to voluntary escrow and the
date from which they will cease to be
escrowed
N/A
Section 8: Lead Manager and Underwriter
Lead Manager(s) appointed N
Name of Lead Manager(s) N/A
Fees, commission or other
consideration payable to Lead
N/A

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Manager(s) for acting as lead
manager(s)
Underwritten N
Name of Underwriter(s) N/A
Extent of underwriting (i.e. amount or
proportion of the offer that is
underwritten)
N/A
Fees, commission or other
consideration payable to
Underwriter(s) for acting as
underwriter(s)
N/A
Summary of significant events that
could lead to the underwriting being
terminated
N/A
Section 9: Authority for this announcement
Name of person authorised to make
this announcement
Nigel Franklin, CFO
Contact person for this
announcement
Nigel Franklin, CFO
Contact phone number 029 983 3871
Contact email address nigel.franklin@wasteco.co.nz
Date of release through MAP Wednesday, 02/09/2026