D&O Disclosure Notices - Nick Lissette and Karen Cargill

Docusign Envelope ID: 4A4B036C-1892-855F-822F-A92231E8D50D
Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
Director or senior manager giving disclosure
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Details of transactions giving rise to acquisition or disposal
1Total number of transactions to which notice relates:
2,573,205?
2,698,205
N/A
Nicholas John Lissette & Karen Islay
Cargill
Registered holder of ordinary shares
with Nicholas John Lissette, and,
together, have the power to exercise
a right to vote attached to, and the
power to control the disposal of, the
ordinary shares.
Class of affected quoted financial products:
Nature of the affected relevant interest(s):
For that relevant interest-
Number held in class before acquisition or disposal:
Number held in class after acquisition or disposal:
Current registered holder(s):
Registered holder(s) once transfers are registered:
Karen Islay Cargill
Black Pearl Group Limited
Full name(s):
Name of listed issuer:
Name of related body corporate (if applicable):
Position held in listed issuer:
Black Pearl Group Limited
16/09/2026
20/02/2025
To NZX Limited; and
Name of listed issuer:
Date this disclosure made:
Date of last disclosure:
Ordinary Shares
N/A
Interim CFO and CGO

Docusign Envelope ID: 4A4B036C-1892-855F-822F-A92231E8D50D
Details of transactions requiring disclosure-
Summary of other relevant interests after acquisition or disposal:
For that relevant interest,-
For that relevant interest,-
Certification
15/9/2026
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:
38,125
Karen Cargill
Number held in class:
Current registered holder(s):
Ordinary Shares
Registered Holder
Class of quoted financial products:
Nature of relevant interest:
237,458
Karen Cargill & Ross Cargill &
Duncan Cotterill Trustee (Kinloch
Laggan) Limited
Number held in class:
Current registered holder(s):
Ordinary Shares
Registered holder of ordinary shares
jointly with Ross David Cameron
Cargill and Duncan Cotterill Trustee
(Kinloch Laggan) Limited, and,
together, have the power to exercise
a right to vote attached to, and the
power to control the disposal of, the
ordinary shares.
Class of quoted financial products:
Nature of relevant interest:
N/A
N/A
N/A
14/09/2026

Ordinary shares were issued upon
the conversion of unquoted
Restricted Share Units in BPG in
accordance with BPG's Key
Personnel Restricted Share Unit
Plan Rules and Nicholas Lissette's
letter of invitation.
Black Pearl Group Limited
Non-cash consideration provided in
the form of services rendered as key
personnel of BPG.
125,000 ordinary shares
Date of transaction:
Nature of transaction:
Name of any other party or parties to the transaction (if known):
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:
Number of financial products to which the transaction related:
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:
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
Date of the prior written clearance (if any):

Docusign Envelope ID: 4A4B036C-1892-855F-822F-A92231E8D50D

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Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
16/09/2026
20/2/2025

For that relevant interest,-
15/09/2026
14/09/2026
Ordinary shares were issued upon the
conversion of unquoted Restricted
Share Units in BPG in accordance
with BPG's Key Personnel Restricted
Share Unit Plan Rules and Nicholas
Lissette's letter of invitation.
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—