2026 Notice of Annual Meeting

EXPLANATORY NOTE 1
RE-ELECTION OF DIRECTORS
Under NZX Listing Rule 2.7.1, a Director must not hold office
(without re-election) past the third annual meeting following
the Director’s appointment or three years, whichever is the
longer.
Ms Crowley, being eligible, offers herself for re-election and
does so with the support of the Board, having considered the
tenure, contribution to the Board, attendance, experience,
other commitments and positions, and performance
generally. In terms of the Listing Rules and NZX Corporate
Governance Code, the Board considers that Ms Crowley
is not an Independent Director, as she has been appointed
to the Investment Committee of related party and majority
shareholder Environment Southland (Southland Regional
Council).
Mr P Cory-Wright has elected to retire from the Board of
Directors.
The company, in accordance with Clause 25 of the
Constitution and NZX Listing Rule 2.3.1, has received a valid
nomination from Mr Murray Harrington. Mr Harrington offers
himself for election to the Board of Directors. In terms of
the Listing Rules and NZX Corporate Governance Code, the
Board considers that, if elected, Mr Harrington would be an
Independent Director.
In accordance with the Company’s Constitution and NZX
Listing Rule 2.7.1, any Director appointed under clause 25.4
may hold office only until the next annual meeting and is then
eligible for election.
Mr P Barker and Mrs J Nelson offer themselves for election
and do so with the support of the Board, having considered
the tenure, contribution to the Board, attendance, experience,
other commitments and positions, and performance
generally. In terms of the Listing Rules and NZX Corporate
Governance Code, the Board considers that Mr P Barker and
Mrs J Nelson are both Independent Directors.
EXPLANATORY NOTE 2
AUDITOR’S REMUNERATION
The Office of the Controller and Auditor General (OAG)
continues in office in accordance with Section 19 of the Port
Companies Act 1988 and Section 207S of the Companies Act
1993. The OAG has appointed Deloitte Limited, to act on their
behalf.
EXPLANATORY NOTE 3
DIRECTORS’ REMUNERATION
The Company is seeking shareholder approval for an increase
in Directors’ remuneration effective from 1 July 2026 to a total
remuneration pool of $615,000 per annum, an increase of 9.4%.
In support of this request, the following explanation is provided
to shareholders.
The current fee pool is $562,000 which was approved by
shareholders in October 2025 and is paid as follows:
ADDITIONAL NOTE
Pursuant to Listing Rule 2.11.3, in the event of an increase in
the total number of Directors holding office, the Directors may
without shareholder approval, increase the total remuneration
by such an amount necessary to enable the Company to pay
the additional Director/Directors’ remuneration not exceeding
the average amount being paid to each of the Company’s other
non-Executive Directors.
Explanatory notes
RoleMembers Fee FY26 ($)
Board Chair
1$143,428
Non-Executive Director
5$71,714
Audit and Risk Committee - Chair
1$15,000
Audit and Risk Committee - Member
2$7,500
People and Performance Committee - Chair
1$10,000
People and Performance Committee - Member
2$5,000
Health and Safety Committee - Chair
1$10,000
Total Fee Pool
$562,000
The setting of Directors’ remuneration is guided by the
Company’s Director and Executive Remuneration Policy.
Clause 3 of the Policy sets out the Guiding Principles for the
remuneration of Directors and Executives. Clause 3.1 states:
“3.1 SPNZ’s policy on remuneration position is
that remuneration will be at market median level.”
South Port’s Director and Executive Remuneration Policy
requires market relativity to be reviewed at least once every
three years, using a suitably qualified and experienced external
consultant.
Consistent with this requirement, the Board engaged PwC in
FY26 to undertake an independent remuneration benchmarking
exercise against a peer group of NZX-listed companies selected
on the basis of comparable market capitalisation.
PwC assessed the market median fee pool of the peer
comparator group at $628,000.
The proposal to increase the total fee pool to $615,000 would
move the pool from 89% to approximately 98% of the FY26
market median fee pool identified by PwC.
In accordance with Recommendation 5.1 of the NZX Corporate
Governance Code, a copy of PwC’s summary report is available
on the Company’s website: https://southport-plato.netlify.app/
media-and-investors/communications-centre
The proposed fee pool provides for the remuneration of the
Board Chair, Directors, Committee Chairs and Committee
members. As the Health and Safety Committee is a committee
of the whole Board, only the Chair of that Committee is eligible to
receive an additional committee fee.
The split of the proposed fee pool effective 1 July 2026 is
therefore as follows:
RoleMembers Fee FY27 ($)
Board Chair
1$155,000
Non-Executive Director
5$80,000
Audit and Risk Committee - Chair
1$15,000
Audit and Risk Committee - Member
2$7,500
People and Performance Committee - Chair
1$10,000
People and Performance Committee - Member
2$5,000
Health and Safety Committee - Chair
1$10,000
Total Proposed Fee Pool
$615,000
Island Harbour, PO Box 1,
Bluff 9842, New Zealand
+64 3 212 8159
reception@southport.co.nz
southport.co.nz
  South Port NZ
Printed on 100% recycled paper
Notice is hereby given that the 38th Annual Shareholders’ Meeting
of South Port New Zealand Limited (NZBN 9429039452528) will be
held in the South Port Board Room, Administration Building, Island
Harbour, Bluff on Wednesday, 28 October 2026 commencing at
11:00am (NZST).
Wednesday, 28 October 2026
NOTICE OF ANNUAL MEETING

Persons entitled to vote
The persons who will be entitled to vote on the resolutions
at the Annual Shareholders’ Meeting are those persons who
will be the shareholders of the Company at 5pm on Friday, 23
October 2026.
Casting a vote
The voting form enclosed with this notice allows you, or your
proxy, to vote for or against, or abstain from, each of the
resolutions. Votes may be cast in any one of the following ways:
Meeting attendance
Attending in person:
Shareholders present at the Annual Shareholders’ Meeting in
person may cast their votes at the meeting.
Attending online:
To attend the meeting online, please use the following link:
https://link.southport.co.nz/Lz7RpN
Shareholders attending online will not be able to vote online,
however will be able to ask questions virtually during the Annual
Shareholders’ Meeting.
The meeting will be recorded and the recording made available
on our website at the conclusion of the meeting:
www.southport.co.nz
Postal voting prior to the meeting
Shareholders may directly cast a vote prior to the meeting by
post, by completing and lodging the enclosed voting form with
the share registrar, MUFG Pension & Market Services at PO
Box 91976, Auckland 1142, New Zealand, in accordance with the
instructions set out on the form.
The vote must reach MUFG Pension & Market Services not later
than two working days before the time of the holding of the
meeting (i.e before 11am, Friday 23 October 2026). The Board
has authorised MUFG Pension & Market Services to receive and
count postal votes.
Proxy
Shareholders may appoint a proxy to attend the Annual
Shareholders’ Meeting and vote in their place.
A body corporate which is a shareholder may appoint a
representative to attend on its behalf in the same manner as
that in which it could appoint a proxy.
A proxy need not be a shareholder of the Company. A
shareholder who wishes to do so may appoint the Chair of the
Meeting to act as proxy.
A proxy will vote as directed in the Proxy Form or, if voting is
left to the proxy’s discretion, then the proxy will decide how to
vote on the resolutions (subject to any “Voting Restrictions”).
If the Chair is appointed as proxy and the voting is left to
his discretion, the Chair intends to vote in favour of each of
Resolutions (1)-(5). The Chair will not be able to vote on any
discretionary proxies in respect of Resolution 6.
To appoint a proxy, complete and lodge the enclosed voting
form with the share registrar, MUFG Pension & Market Services,
in accordance with the instructions set out on the form. The
proxy must be received not later than two working days before
the time of the holding of the meeting (i.e before 11am, Friday 23
October 2026).
Voting Restrictions
The Company will disregard any votes cast in favour of
Resolution (6) by any Director of the Company and any of his
or her associated persons (in each case the term “associated
persons” is as defined in the NZX Listing Rules).
However, in accordance with the waiver granted by NZ RegCo,
the Company will not disregard a vote cast by Southland
Regional Council (Environment Southland) on Resolution (6),
provided that all conditions of the waiver are satisfied.
The Company need not disregard a vote cast in favour of
Resolution (6) if it is cast by Philip Cory-Wright as proxy for a
person who is entitled to vote, in accordance with an express
direction on the proxy form.
Resolutions
All the Resolutions contained in this Notice of Meeting must be
passed by an ordinary resolution of shareholders, i.e. by a simple
majority of the votes of those shareholders entitled to vote and
voting on the resolutions in person or by proxy.
A. CHAIR’S ADDRESS
B. CHIEF EXECUTIVE OFFICER’S REVIEW
C. FINANCIAL STATEMENTS
To receive and consider the Directors’ Report, the Financial
Statements and the Auditor’s Report for the year ended
30 June 2026 as contained in the Company’s 2026 Annual
Report.
A copy of the report is available at https://southport-plato.
netlify.app/media-and-investors/communications-centre
D. RESOLUTIONS
To consider and, if thought appropriate, pass the following
ordinary resolutions.
Questions from Shareholders at the Annual Meeting
The Company wants to provide comprehensive answers to
any questions you may wish to ask at the Annual Shareholders’
Meeting. Accordingly, we encourage you to send any questions
you wish to raise to the following email: sjennings@southport.
co.nz and we will then be in a better position to answer these in
greater detail when they are raised at the meeting. However, not
sending us questions in advance will not in any way preclude you
from asking questions at the meeting.
By order of the Board
Lara Stevens
Chief Financial Officer
Dated at Bluff this 14th day of September 2026
Election of Directors
(See Explanatory Note 1)
Ms C R Crowley will retire by rotation in accordance with the
Company’s Constitution.
1. Ms C R Crowley, being eligible, now offers herself for
re-election to the Board of Directors.
Mr P W Cory-Wright has elected to retire from the Board of
Directors.
2. The Company, in accordance with Clause 25 of the
Constitution and NZX Listing Rule 2.3.1, has received
a valid nomination from Mr Murray Harrington. Mr
Harrington now offers himself for election to the Board of
Directors.
Mr P A Barker and Mrs J M Nelson are required to stand for
election in accordance with the Company’s Constitution.
3. Mr P A Barker, being eligible, now offers himself for
election to the Board of Directors.
4. Mrs J M Nelson, being eligible, now offers herself for
election to the Board of Directors.
Auditor’s Remuneration
5. That the Directors be authorised to fix the fees and
expenses of Deloitte Limited who acts as Agent for the
Controller and Auditor General.
(See Explanatory Note 2)
Director’s Remuneration
6. To consider and if thought fit, resolve to increase the
maximum aggregate sum available for payment to non-
Executive Directors for each financial year commencing
1 July 2026, from $562,000 to $615,000, an increase of
$53,000 or 9.4%, such sum to be divided between the
non-Executive Directors as they determine.
(See Explanatory Note 3)
23 OCTOBER 2026 5pm, Friday (NZST)
Record date for voting entitlements for the Annual
Shareholders’ Meeting
23 OCTOBER 2026 11am, Friday (NZST)
Latest time for receipt of postal votes and proxies
28 OCTOBER 2026 11am, Wednesday (NZST)
Annual Shareholders’ Meeting
Please note for those attending the meeting, not only will a
Driver’s Licence ID be required to be presented at the security
gate to gain access onto the South Port Island Harbour, but
advanced notice of the name/s of people wishing to attend is
to be relayed by contacting Sharon Jennings either by phone
(03) 212 6009 or email: sjennings@southport.co.nz
This is a mandatory requirement under the Maritime Security
Regulations.
Port Security
Important dates
Business
General business
Procedural notes
Directors’ profiles
Cassandra
Crowley
NON-INDEPENDENT DIRECTOR
Appointed October 2023
LLB, BCA, GradDipProfAccy, MInstD)
Cassandra is a Fellow Chartered Accountant and Barrister
and Solicitor with extensive governance experience across
a range of public and private sector organisations.
In addition to her commercial advisory work, she currently
holds non-executive directorships with Silver Fern Farms,
Aratu Forests and Ngāti Manawa. She is Chair of Southern
Cross Travel Insurance and KLC and is the Deputy Chair
of Waka Kotahi NZ Transport Agency. Cassandra is also
appointed as an independent member of the Auckland
Council Audit and Risk Committee, and the Environment
Southland Investment Committee.
She is a past president of Chartered Accountants
Australia and New Zealand and has been recognised for
her leadership and governance contributions through a
number of awards.
Jacqui
Nelson
INDEPENDENT DIRECTOR
Joined February 2026
BSc (Chemistry)
Jacqui has more than 20 years’ experience in the energy
sector and has been a key contributor to Contact
Energy’s executive leadership team in governance, risk
management, operation leadership, organisational and
cultural transformation, and finance. She has 10 years of
governance experience as both a Director and Chair and is
currently an Independent Director for Todd Corporation.
Jacqui is a member of the Institute of Directors, the
Institute of Financial Professionals NZ Inc, Global Women,
and the New Zealand Geothermal Association.
Peter
Barker
INDEPENDENT DIRECTOR
Joined February 2026
BCom, MBA, GAICD, FCPA
Peter is a Company Director who divides his time
between Wanaka and Brisbane (Australia). He has
extensive directorial and executive experience in
finance, risk management, corporate structuring
including mergers, acquisitions and divestments, and
systems transformation in complex multi-jurisdictional
environments primarily in the engineering, services and
technology sectors.
Peter is currently a Company Director of Downer (EDI)
Limited and a former director of Workpac Group and
Mastermyne Group Limited. In his prior executive career,
he was Chief Financial Officer of ASX-listed multinational
companies Computershare Ltd and Cardno Ltd. Prior
to this he held senior financial leadership positions with
global corporations including BHP and Cisco Systems.
Murray
Harrington
INDEPENDENT DIRECTOR
B.Com Dip.Grad, FCA, CFInstD
Murray has more than 25 years’ experience in a range of
senior commercial executive and governance roles.
Murray is Board Chair of CCO CORDE, (publicly owned
infrastructure services company), founding Chair of
Methven Adventures Limited, (Opuke Hot Pools and
leisure tourism complex) and Chair of Airtech New
Zealand Limited (infrastructure services). He serves
on the Boards of KiwiRail Holdings Limited and IHC
New Zealand and is an independent member of the NZ
Infrastructure Commission.
He has extensive Private Equity and private investment
experience in a range of sectors, including infrastructure
and dairy.
He is a Chartered Fellow of the NZ Institute of Directors
and has governance experience in Australia and
Singapore.

Persons entitled to vote
The persons who will be entitled to vote on the resolutions
at the Annual Shareholders’ Meeting are those persons who
will be the shareholders of the Company at 5pm on Friday, 23
October 2026.
Casting a vote
The voting form enclosed with this notice allows you, or your
proxy, to vote for or against, or abstain from, each of the
resolutions. Votes may be cast in any one of the following ways:
Meeting attendance
Attending in person:
Shareholders present at the Annual Shareholders’ Meeting in
person may cast their votes at the meeting.
Attending online:
To attend the meeting online, please use the following link:
https://link.southport.co.nz/Lz7RpN
Shareholders attending online will not be able to vote online,
however will be able to ask questions virtually during the Annual
Shareholders’ Meeting.
The meeting will be recorded and the recording made available
on our website at the conclusion of the meeting:
www.southport.co.nz
Postal voting prior to the meeting
Shareholders may directly cast a vote prior to the meeting by
post, by completing and lodging the enclosed voting form with
the share registrar, MUFG Pension & Market Services at PO
Box 91976, Auckland 1142, New Zealand, in accordance with the
instructions set out on the form.
The vote must reach MUFG Pension & Market Services not later
than two working days before the time of the holding of the
meeting (i.e before 11am, Friday 23 October 2026). The Board
has authorised MUFG Pension & Market Services to receive and
count postal votes.
Proxy
Shareholders may appoint a proxy to attend the Annual
Shareholders’ Meeting and vote in their place.
A body corporate which is a shareholder may appoint a
representative to attend on its behalf in the same manner as
that in which it could appoint a proxy.
A proxy need not be a shareholder of the Company. A
shareholder who wishes to do so may appoint the Chair of the
Meeting to act as proxy.
A proxy will vote as directed in the Proxy Form or, if voting is
left to the proxy’s discretion, then the proxy will decide how to
vote on the resolutions (subject to any “Voting Restrictions”).
If the Chair is appointed as proxy and the voting is left to
his discretion, the Chair intends to vote in favour of each of
Resolutions (1)-(5). The Chair will not be able to vote on any
discretionary proxies in respect of Resolution 6.
To appoint a proxy, complete and lodge the enclosed voting
form with the share registrar, MUFG Pension & Market Services,
in accordance with the instructions set out on the form. The
proxy must be received not later than two working days before
the time of the holding of the meeting (i.e before 11am, Friday 23
October 2026).
Voting Restrictions
The Company will disregard any votes cast in favour of
Resolution (6) by any Director of the Company and any of his
or her associated persons (in each case the term “associated
persons” is as defined in the NZX Listing Rules).
However, in accordance with the waiver granted by NZ RegCo,
the Company will not disregard a vote cast by Southland
Regional Council (Environment Southland) on Resolution (6),
provided that all conditions of the waiver are satisfied.
The Company need not disregard a vote cast in favour of
Resolution (6) if it is cast by Philip Cory-Wright as proxy for a
person who is entitled to vote, in accordance with an express
direction on the proxy form.
Resolutions
All the Resolutions contained in this Notice of Meeting must be
passed by an ordinary resolution of shareholders, i.e. by a simple
majority of the votes of those shareholders entitled to vote and
voting on the resolutions in person or by proxy.
A. CHAIR’S ADDRESS
B. CHIEF EXECUTIVE OFFICER’S REVIEW
C. FINANCIAL STATEMENTS
To receive and consider the Directors’ Report, the Financial
Statements and the Auditor’s Report for the year ended
30 June 2026 as contained in the Company’s 2026 Annual
Report.
A copy of the report is available at https://southport-plato.
netlify.app/media-and-investors/communications-centre
D. RESOLUTIONS
To consider and, if thought appropriate, pass the following
ordinary resolutions.
Questions from Shareholders at the Annual Meeting
The Company wants to provide comprehensive answers to
any questions you may wish to ask at the Annual Shareholders’
Meeting. Accordingly, we encourage you to send any questions
you wish to raise to the following email: sjennings@southport.
co.nz and we will then be in a better position to answer these in
greater detail when they are raised at the meeting. However, not
sending us questions in advance will not in any way preclude you
from asking questions at the meeting.
By order of the Board
Lara Stevens
Chief Financial Officer
Dated at Bluff this 14th day of September 2026
Election of Directors
(See Explanatory Note 1)
Ms C R Crowley will retire by rotation in accordance with the
Company’s Constitution.
1. Ms C R Crowley, being eligible, now offers herself for
re-election to the Board of Directors.
Mr P W Cory-Wright has elected to retire from the Board of
Directors.
2. The Company, in accordance with Clause 25 of the
Constitution and NZX Listing Rule 2.3.1, has received
a valid nomination from Mr Murray Harrington. Mr
Harrington now offers himself for election to the Board of
Directors.
Mr P A Barker and Mrs J M Nelson are required to stand for
election in accordance with the Company’s Constitution.
3. Mr P A Barker, being eligible, now offers himself for
election to the Board of Directors.
4. Mrs J M Nelson, being eligible, now offers herself for
election to the Board of Directors.
Auditor’s Remuneration
5. That the Directors be authorised to fix the fees and
expenses of Deloitte Limited who acts as Agent for the
Controller and Auditor General.
(See Explanatory Note 2)
Director’s Remuneration
6. To consider and if thought fit, resolve to increase the
maximum aggregate sum available for payment to non-
Executive Directors for each financial year commencing
1 July 2026, from $562,000 to $615,000, an increase of
$53,000 or 9.4%, such sum to be divided between the
non-Executive Directors as they determine.
(See Explanatory Note 3)
23 OCTOBER 2026 5pm, Friday (NZST)
Record date for voting entitlements for the Annual
Shareholders’ Meeting
23 OCTOBER 2026 11am, Friday (NZST)
Latest time for receipt of postal votes and proxies
28 OCTOBER 2026 11am, Wednesday (NZST)
Annual Shareholders’ Meeting
Please note for those attending the meeting, not only will a
Driver’s Licence ID be required to be presented at the security
gate to gain access onto the South Port Island Harbour, but
advanced notice of the name/s of people wishing to attend is
to be relayed by contacting Sharon Jennings either by phone
(03) 212 6009 or email: sjennings@southport.co.nz
This is a mandatory requirement under the Maritime Security
Regulations.
Port Security
Important dates
Business
General business
Procedural notes
Directors’ profiles
Cassandra
Crowley
NON-INDEPENDENT DIRECTOR
Appointed October 2023
LLB, BCA, GradDipProfAccy, MInstD)
Cassandra is a Fellow Chartered Accountant and Barrister
and Solicitor with extensive governance experience across
a range of public and private sector organisations.
In addition to her commercial advisory work, she currently
holds non-executive directorships with Silver Fern Farms,
Aratu Forests and Ngāti Manawa. She is Chair of Southern
Cross Travel Insurance and KLC and is the Deputy Chair
of Waka Kotahi NZ Transport Agency. Cassandra is also
appointed as an independent member of the Auckland
Council Audit and Risk Committee, and the Environment
Southland Investment Committee.
She is a past president of Chartered Accountants
Australia and New Zealand and has been recognised for
her leadership and governance contributions through a
number of awards.
Jacqui
Nelson
INDEPENDENT DIRECTOR
Joined February 2026
BSc (Chemistry)
Jacqui has more than 20 years’ experience in the energy
sector and has been a key contributor to Contact
Energy’s executive leadership team in governance, risk
management, operation leadership, organisational and
cultural transformation, and finance. She has 10 years of
governance experience as both a Director and Chair and is
currently an Independent Director for Todd Corporation.
Jacqui is a member of the Institute of Directors, the
Institute of Financial Professionals NZ Inc, Global Women,
and the New Zealand Geothermal Association.
Peter
Barker
INDEPENDENT DIRECTOR
Joined February 2026
BCom, MBA, GAICD, FCPA
Peter is a Company Director who divides his time
between Wanaka and Brisbane (Australia). He has
extensive directorial and executive experience in
finance, risk management, corporate structuring
including mergers, acquisitions and divestments, and
systems transformation in complex multi-jurisdictional
environments primarily in the engineering, services and
technology sectors.
Peter is currently a Company Director of Downer (EDI)
Limited and a former director of Workpac Group and
Mastermyne Group Limited. In his prior executive career,
he was Chief Financial Officer of ASX-listed multinational
companies Computershare Ltd and Cardno Ltd. Prior
to this he held senior financial leadership positions with
global corporations including BHP and Cisco Systems.
Murray
Harrington
INDEPENDENT DIRECTOR
B.Com Dip.Grad, FCA, CFInstD
Murray has more than 25 years’ experience in a range of
senior commercial executive and governance roles.
Murray is Board Chair of CCO CORDE, (publicly owned
infrastructure services company), founding Chair of
Methven Adventures Limited, (Opuke Hot Pools and
leisure tourism complex) and Chair of Airtech New
Zealand Limited (infrastructure services). He serves
on the Boards of KiwiRail Holdings Limited and IHC
New Zealand and is an independent member of the NZ
Infrastructure Commission.
He has extensive Private Equity and private investment
experience in a range of sectors, including infrastructure
and dairy.
He is a Chartered Fellow of the NZ Institute of Directors
and has governance experience in Australia and
Singapore.

Persons entitled to vote
The persons who will be entitled to vote on the resolutions
at the Annual Shareholders’ Meeting are those persons who
will be the shareholders of the Company at 5pm on Friday, 23
October 2026.
Casting a vote
The voting form enclosed with this notice allows you, or your
proxy, to vote for or against, or abstain from, each of the
resolutions. Votes may be cast in any one of the following ways:
Meeting attendance
Attending in person:
Shareholders present at the Annual Shareholders’ Meeting in
person may cast their votes at the meeting.
Attending online:
To attend the meeting online, please use the following link:
https://link.southport.co.nz/Lz7RpN
Shareholders attending online will not be able to vote online,
however will be able to ask questions virtually during the Annual
Shareholders’ Meeting.
The meeting will be recorded and the recording made available
on our website at the conclusion of the meeting:
www.southport.co.nz
Postal voting prior to the meeting
Shareholders may directly cast a vote prior to the meeting by
post, by completing and lodging the enclosed voting form with
the share registrar, MUFG Pension & Market Services at PO
Box 91976, Auckland 1142, New Zealand, in accordance with the
instructions set out on the form.
The vote must reach MUFG Pension & Market Services not later
than two working days before the time of the holding of the
meeting (i.e before 11am, Friday 23 October 2026). The Board
has authorised MUFG Pension & Market Services to receive and
count postal votes.
Proxy
Shareholders may appoint a proxy to attend the Annual
Shareholders’ Meeting and vote in their place.
A body corporate which is a shareholder may appoint a
representative to attend on its behalf in the same manner as
that in which it could appoint a proxy.
A proxy need not be a shareholder of the Company. A
shareholder who wishes to do so may appoint the Chair of the
Meeting to act as proxy.
A proxy will vote as directed in the Proxy Form or, if voting is
left to the proxy’s discretion, then the proxy will decide how to
vote on the resolutions (subject to any “Voting Restrictions”).
If the Chair is appointed as proxy and the voting is left to
his discretion, the Chair intends to vote in favour of each of
Resolutions (1)-(5). The Chair will not be able to vote on any
discretionary proxies in respect of Resolution 6.
To appoint a proxy, complete and lodge the enclosed voting
form with the share registrar, MUFG Pension & Market Services,
in accordance with the instructions set out on the form. The
proxy must be received not later than two working days before
the time of the holding of the meeting (i.e before 11am, Friday 23
October 2026).
Voting Restrictions
The Company will disregard any votes cast in favour of
Resolution (6) by any Director of the Company and any of his
or her associated persons (in each case the term “associated
persons” is as defined in the NZX Listing Rules).
However, in accordance with the waiver granted by NZ RegCo,
the Company will not disregard a vote cast by Southland
Regional Council (Environment Southland) on Resolution (6),
provided that all conditions of the waiver are satisfied.
The Company need not disregard a vote cast in favour of
Resolution (6) if it is cast by Philip Cory-Wright as proxy for a
person who is entitled to vote, in accordance with an express
direction on the proxy form.
Resolutions
All the Resolutions contained in this Notice of Meeting must be
passed by an ordinary resolution of shareholders, i.e. by a simple
majority of the votes of those shareholders entitled to vote and
voting on the resolutions in person or by proxy.
A. CHAIR’S ADDRESS
B. CHIEF EXECUTIVE OFFICER’S REVIEW
C. FINANCIAL STATEMENTS
To receive and consider the Directors’ Report, the Financial
Statements and the Auditor’s Report for the year ended
30 June 2026 as contained in the Company’s 2026 Annual
Report.
A copy of the report is available at https://southport-plato.
netlify.app/media-and-investors/communications-centre
D. RESOLUTIONS
To consider and, if thought appropriate, pass the following
ordinary resolutions.
Questions from Shareholders at the Annual Meeting
The Company wants to provide comprehensive answers to
any questions you may wish to ask at the Annual Shareholders’
Meeting. Accordingly, we encourage you to send any questions
you wish to raise to the following email: sjennings@southport.
co.nz and we will then be in a better position to answer these in
greater detail when they are raised at the meeting. However, not
sending us questions in advance will not in any way preclude you
from asking questions at the meeting.
By order of the Board
Lara Stevens
Chief Financial Officer
Dated at Bluff this 14th day of September 2026
Election of Directors
(See Explanatory Note 1)
Ms C R Crowley will retire by rotation in accordance with the
Company’s Constitution.
1. Ms C R Crowley, being eligible, now offers herself for
re-election to the Board of Directors.
Mr P W Cory-Wright has elected to retire from the Board of
Directors.
2. The Company, in accordance with Clause 25 of the
Constitution and NZX Listing Rule 2.3.1, has received
a valid nomination from Mr Murray Harrington. Mr
Harrington now offers himself for election to the Board of
Directors.
Mr P A Barker and Mrs J M Nelson are required to stand for
election in accordance with the Company’s Constitution.
3. Mr P A Barker, being eligible, now offers himself for
election to the Board of Directors.
4. Mrs J M Nelson, being eligible, now offers herself for
election to the Board of Directors.
Auditor’s Remuneration
5. That the Directors be authorised to fix the fees and
expenses of Deloitte Limited who acts as Agent for the
Controller and Auditor General.
(See Explanatory Note 2)
Director’s Remuneration
6. To consider and if thought fit, resolve to increase the
maximum aggregate sum available for payment to non-
Executive Directors for each financial year commencing
1 July 2026, from $562,000 to $615,000, an increase of
$53,000 or 9.4%, such sum to be divided between the
non-Executive Directors as they determine.
(See Explanatory Note 3)
23 OCTOBER 2026 5pm, Friday (NZST)
Record date for voting entitlements for the Annual
Shareholders’ Meeting
23 OCTOBER 2026 11am, Friday (NZST)
Latest time for receipt of postal votes and proxies
28 OCTOBER 2026 11am, Wednesday (NZST)
Annual Shareholders’ Meeting
Please note for those attending the meeting, not only will a
Driver’s Licence ID be required to be presented at the security
gate to gain access onto the South Port Island Harbour, but
advanced notice of the name/s of people wishing to attend is
to be relayed by contacting Sharon Jennings either by phone
(03) 212 6009 or email: sjennings@southport.co.nz
This is a mandatory requirement under the Maritime Security
Regulations.
Port Security
Important dates
Business
General business
Procedural notes
Directors’ profiles
Cassandra
Crowley
NON-INDEPENDENT DIRECTOR
Appointed October 2023
LLB, BCA, GradDipProfAccy, MInstD)
Cassandra is a Fellow Chartered Accountant and Barrister
and Solicitor with extensive governance experience across
a range of public and private sector organisations.
In addition to her commercial advisory work, she currently
holds non-executive directorships with Silver Fern Farms,
Aratu Forests and Ngāti Manawa. She is Chair of Southern
Cross Travel Insurance and KLC and is the Deputy Chair
of Waka Kotahi NZ Transport Agency. Cassandra is also
appointed as an independent member of the Auckland
Council Audit and Risk Committee, and the Environment
Southland Investment Committee.
She is a past president of Chartered Accountants
Australia and New Zealand and has been recognised for
her leadership and governance contributions through a
number of awards.
Jacqui
Nelson
INDEPENDENT DIRECTOR
Joined February 2026
BSc (Chemistry)
Jacqui has more than 20 years’ experience in the energy
sector and has been a key contributor to Contact
Energy’s executive leadership team in governance, risk
management, operation leadership, organisational and
cultural transformation, and finance. She has 10 years of
governance experience as both a Director and Chair and is
currently an Independent Director for Todd Corporation.
Jacqui is a member of the Institute of Directors, the
Institute of Financial Professionals NZ Inc, Global Women,
and the New Zealand Geothermal Association.
Peter
Barker
INDEPENDENT DIRECTOR
Joined February 2026
BCom, MBA, GAICD, FCPA
Peter is a Company Director who divides his time
between Wanaka and Brisbane (Australia). He has
extensive directorial and executive experience in
finance, risk management, corporate structuring
including mergers, acquisitions and divestments, and
systems transformation in complex multi-jurisdictional
environments primarily in the engineering, services and
technology sectors.
Peter is currently a Company Director of Downer (EDI)
Limited and a former director of Workpac Group and
Mastermyne Group Limited. In his prior executive career,
he was Chief Financial Officer of ASX-listed multinational
companies Computershare Ltd and Cardno Ltd. Prior
to this he held senior financial leadership positions with
global corporations including BHP and Cisco Systems.
Murray
Harrington
INDEPENDENT DIRECTOR
B.Com Dip.Grad, FCA, CFInstD
Murray has more than 25 years’ experience in a range of
senior commercial executive and governance roles.
Murray is Board Chair of CCO CORDE, (publicly owned
infrastructure services company), founding Chair of
Methven Adventures Limited, (Opuke Hot Pools and
leisure tourism complex) and Chair of Airtech New
Zealand Limited (infrastructure services). He serves
on the Boards of KiwiRail Holdings Limited and IHC
New Zealand and is an independent member of the NZ
Infrastructure Commission.
He has extensive Private Equity and private investment
experience in a range of sectors, including infrastructure
and dairy.
He is a Chartered Fellow of the NZ Institute of Directors
and has governance experience in Australia and
Singapore.

EXPLANATORY NOTE 1
RE-ELECTION OF DIRECTORS
Under NZX Listing Rule 2.7.1, a Director must not hold office
(without re-election) past the third annual meeting following
the Director’s appointment or three years, whichever is the
longer.
Ms Crowley, being eligible, offers herself for re-election and
does so with the support of the Board, having considered the
tenure, contribution to the Board, attendance, experience,
other commitments and positions, and performance
generally. In terms of the Listing Rules and NZX Corporate
Governance Code, the Board considers that Ms Crowley
is not an Independent Director, as she has been appointed
to the Investment Committee of related party and majority
shareholder Environment Southland (Southland Regional
Council).
Mr P Cory-Wright has elected to retire from the Board of
Directors.
The company, in accordance with Clause 25 of the
Constitution and NZX Listing Rule 2.3.1, has received a valid
nomination from Mr Murray Harrington. Mr Harrington offers
himself for election to the Board of Directors. In terms of
the Listing Rules and NZX Corporate Governance Code, the
Board considers that, if elected, Mr Harrington would be an
Independent Director.
In accordance with the Company’s Constitution and NZX
Listing Rule 2.7.1, any Director appointed under clause 25.4
may hold office only until the next annual meeting and is then
eligible for election.
Mr P Barker and Mrs J Nelson offer themselves for election
and do so with the support of the Board, having considered
the tenure, contribution to the Board, attendance, experience,
other commitments and positions, and performance
generally. In terms of the Listing Rules and NZX Corporate
Governance Code, the Board considers that Mr P Barker and
Mrs J Nelson are both Independent Directors.
EXPLANATORY NOTE 2
AUDITOR’S REMUNERATION
The Office of the Controller and Auditor General (OAG)
continues in office in accordance with Section 19 of the Port
Companies Act 1988 and Section 207S of the Companies Act
1993. The OAG has appointed Deloitte Limited, to act on their
behalf.
EXPLANATORY NOTE 3
DIRECTORS’ REMUNERATION
The Company is seeking shareholder approval for an increase
in Directors’ remuneration effective from 1 July 2026 to a total
remuneration pool of $615,000 per annum, an increase of 9.4%.
In support of this request, the following explanation is provided
to shareholders.
The current fee pool is $562,000 which was approved by
shareholders in October 2025 and is paid as follows:
ADDITIONAL NOTE
Pursuant to Listing Rule 2.11.3, in the event of an increase in
the total number of Directors holding office, the Directors may
without shareholder approval, increase the total remuneration
by such an amount necessary to enable the Company to pay
the additional Director/Directors’ remuneration not exceeding
the average amount being paid to each of the Company’s other
non-Executive Directors.
Explanatory notes
RoleMembers Fee FY26 ($)
Board Chair
1$143,428
Non-Executive Director
5$71,714
Audit and Risk Committee - Chair
1$15,000
Audit and Risk Committee - Member
2$7,500
People and Performance Committee - Chair
1$10,000
People and Performance Committee - Member
2$5,000
Health and Safety Committee - Chair
1$10,000
Total Fee Pool
$562,000
The setting of Directors’ remuneration is guided by the
Company’s Director and Executive Remuneration Policy.
Clause 3 of the Policy sets out the Guiding Principles for the
remuneration of Directors and Executives. Clause 3.1 states:
“3.1 SPNZ’s policy on remuneration position is
that remuneration will be at market median level.”
South Port’s Director and Executive Remuneration Policy
requires market relativity to be reviewed at least once every
three years, using a suitably qualified and experienced external
consultant.
Consistent with this requirement, the Board engaged PwC in
FY26 to undertake an independent remuneration benchmarking
exercise against a peer group of NZX-listed companies selected
on the basis of comparable market capitalisation.
PwC assessed the market median fee pool of the peer
comparator group at $628,000.
The proposal to increase the total fee pool to $615,000 would
move the pool from 89% to approximately 98% of the FY26
market median fee pool identified by PwC.
In accordance with Recommendation 5.1 of the NZX Corporate
Governance Code, a copy of PwC’s summary report is available
on the Company’s website: https://southport-plato.netlify.app/
media-and-investors/communications-centre
The proposed fee pool provides for the remuneration of the
Board Chair, Directors, Committee Chairs and Committee
members. As the Health and Safety Committee is a committee
of the whole Board, only the Chair of that Committee is eligible to
receive an additional committee fee.
The split of the proposed fee pool effective 1 July 2026 is
therefore as follows:
RoleMembers Fee FY27 ($)
Board Chair
1$155,000
Non-Executive Director
5$80,000
Audit and Risk Committee - Chair
1$15,000
Audit and Risk Committee - Member
2$7,500
People and Performance Committee - Chair
1$10,000
People and Performance Committee - Member
2$5,000
Health and Safety Committee - Chair
1$10,000
Total Proposed Fee Pool
$615,000
Island Harbour, PO Box 1,
Bluff 9842, New Zealand
+64 3 212 8159
reception@southport.co.nz
southport.co.nz
  South Port NZ
Printed on 100% recycled paper
Notice is hereby given that the 38th Annual Shareholders’ Meeting
of South Port New Zealand Limited (NZBN 9429039452528) will be
held in the South Port Board Room, Administration Building, Island
Harbour, Bluff on Wednesday, 28 October 2026 commencing at
11:00am (NZST).
Wednesday, 28 October 2026
NOTICE OF ANNUAL MEETING

EXPLANATORY NOTE 1
RE-ELECTION OF DIRECTORS
Under NZX Listing Rule 2.7.1, a Director must not hold office
(without re-election) past the third annual meeting following
the Director’s appointment or three years, whichever is the
longer.
Ms Crowley, being eligible, offers herself for re-election and
does so with the support of the Board, having considered the
tenure, contribution to the Board, attendance, experience,
other commitments and positions, and performance
generally. In terms of the Listing Rules and NZX Corporate
Governance Code, the Board considers that Ms Crowley
is not an Independent Director, as she has been appointed
to the Investment Committee of related party and majority
shareholder Environment Southland (Southland Regional
Council).
Mr P Cory-Wright has elected to retire from the Board of
Directors.
The company, in accordance with Clause 25 of the
Constitution and NZX Listing Rule 2.3.1, has received a valid
nomination from Mr Murray Harrington. Mr Harrington offers
himself for election to the Board of Directors. In terms of
the Listing Rules and NZX Corporate Governance Code, the
Board considers that, if elected, Mr Harrington would be an
Independent Director.
In accordance with the Company’s Constitution and NZX
Listing Rule 2.7.1, any Director appointed under clause 25.4
may hold office only until the next annual meeting and is then
eligible for election.
Mr P Barker and Mrs J Nelson offer themselves for election
and do so with the support of the Board, having considered
the tenure, contribution to the Board, attendance, experience,
other commitments and positions, and performance
generally. In terms of the Listing Rules and NZX Corporate
Governance Code, the Board considers that Mr P Barker and
Mrs J Nelson are both Independent Directors.
EXPLANATORY NOTE 2
AUDITOR’S REMUNERATION
The Office of the Controller and Auditor General (OAG)
continues in office in accordance with Section 19 of the Port
Companies Act 1988 and Section 207S of the Companies Act
1993. The OAG has appointed Deloitte Limited, to act on their
behalf.
EXPLANATORY NOTE 3
DIRECTORS’ REMUNERATION
The Company is seeking shareholder approval for an increase
in Directors’ remuneration effective from 1 July 2026 to a total
remuneration pool of $615,000 per annum, an increase of 9.4%.
In support of this request, the following explanation is provided
to shareholders.
The current fee pool is $562,000 which was approved by
shareholders in October 2025 and is paid as follows:
ADDITIONAL NOTE
Pursuant to Listing Rule 2.11.3, in the event of an increase in
the total number of Directors holding office, the Directors may
without shareholder approval, increase the total remuneration
by such an amount necessary to enable the Company to pay
the additional Director/Directors’ remuneration not exceeding
the average amount being paid to each of the Company’s other
non-Executive Directors.
Explanatory notes
RoleMembers Fee FY26 ($)
Board Chair
1$143,428
Non-Executive Director
5$71,714
Audit and Risk Committee - Chair
1$15,000
Audit and Risk Committee - Member
2$7,500
People and Performance Committee - Chair
1$10,000
People and Performance Committee - Member
2$5,000
Health and Safety Committee - Chair
1$10,000
Total Fee Pool
$562,000
The setting of Directors’ remuneration is guided by the
Company’s Director and Executive Remuneration Policy.
Clause 3 of the Policy sets out the Guiding Principles for the
remuneration of Directors and Executives. Clause 3.1 states:
“3.1 SPNZ’s policy on remuneration position is
that remuneration will be at market median level.”
South Port’s Director and Executive Remuneration Policy
requires market relativity to be reviewed at least once every
three years, using a suitably qualified and experienced external
consultant.
Consistent with this requirement, the Board engaged PwC in
FY26 to undertake an independent remuneration benchmarking
exercise against a peer group of NZX-listed companies selected
on the basis of comparable market capitalisation.
PwC assessed the market median fee pool of the peer
comparator group at $628,000.
The proposal to increase the total fee pool to $615,000 would
move the pool from 89% to approximately 98% of the FY26
market median fee pool identified by PwC.
In accordance with Recommendation 5.1 of the NZX Corporate
Governance Code, a copy of PwC’s summary report is available
on the Company’s website: https://southport-plato.netlify.app/
media-and-investors/communications-centre
The proposed fee pool provides for the remuneration of the
Board Chair, Directors, Committee Chairs and Committee
members. As the Health and Safety Committee is a committee
of the whole Board, only the Chair of that Committee is eligible to
receive an additional committee fee.
The split of the proposed fee pool effective 1 July 2026 is
therefore as follows:
RoleMembers Fee FY27 ($)
Board Chair
1$155,000
Non-Executive Director
5$80,000
Audit and Risk Committee - Chair
1$15,000
Audit and Risk Committee - Member
2$7,500
People and Performance Committee - Chair
1$10,000
People and Performance Committee - Member
2$5,000
Health and Safety Committee - Chair
1$10,000
Total Proposed Fee Pool
$615,000
Island Harbour, PO Box 1,
Bluff 9842, New Zealand
+64 3 212 8159
reception@southport.co.nz
southport.co.nz
  South Port NZ
Printed on 100% recycled paper
Notice is hereby given that the 38th Annual Shareholders’ Meeting
of South Port New Zealand Limited (NZBN 9429039452528) will be
held in the South Port Board Room, Administration Building, Island
Harbour, Bluff on Wednesday, 28 October 2026 commencing at
11:00am (NZST).
Wednesday, 28 October 2026
NOTICE OF ANNUAL MEETING

---

To cast your vote or appoint your proxy, turn over and complete the form.
PROXY FORM/VOTING FORM
South Port New Zealand Limited Annual Shareholders’ Meeting Proxy/Voting Form
The 38th Annual Shareholders Meeting of South Port New Zealand Limited (NZBN 9429039452528) will be in person at South Port Board Room, South Port
Administration Building, Island Harbour, Bluff on Wednesday, 28 October 2026, commencing at 11:00am (NZST).
For your postal vote or proxy to be effective it must be lodged with MUFG Pension & Market Services by no later than 11:00am, Friday, 23 October 2026 (NZST).
The meeting will be recorded and the recording will be made available on our
website at the conclusion of the meeting - www.southport.co.nz
ATTENDING THE MEETING
1. If you propose to ATTEND the Annual Shareholders’ Meeting in person
please bring this Voting Form to the meeting to assist with your
registration.
POSTAL VOTE
2. If you are entitled to attend and vote at the Annual Shareholders’ Meeting
you are entitled to vote by postal vote. The Executive Assistant has been
authorised by the Board to receive and count postal votes at the Annual
Meeting.
3. You can cast your postal vote by one of the methods listed above under
the heading “Lodge your Proxy”. If you return your postal vote without
indicating how you wish to vote, or your indication on how to vote is
unclear on any resolution, you will be deemed to have abstained from
voting on that resolution.
4. If you complete the postal vote section and also appoint a proxy then
your postal vote will be cast and your proxy appointment will not be
counted.
5. If this Voting Form is returned duly signed by a shareholder with voting
instructions completed, but without indicating that it is a postal vote, and
a proxy has not been appointed, it will be deemed to be a postal vote.
PROXY APPOINTMENT
6. If you are a shareholder entitled to attend and vote at the Annual
Shareholders’ Meeting you are entitled to appoint a proxy or, in the case
of a corporate shareholder, a representative to attend and vote instead
of you. A proxy may be appointed by completing this Voting Form online,
or the Voting Form may be completed and mailed, delivered or scanned
and emailed in accordance with the instructions above headed “Lodge
your Proxy”.
7. A proxy can be any person of your choice and does not have to be a
shareholder of South Port New Zealand Limited. If you wish, you can
appoint the Chair of the Meeting as your proxy. The Chair will vote
in accordance with your instructions, or, failing your instructions, in
accordance with the terms set out in Note 8 of this Voting Form.
8. If you tick the box “discretion” on any resolution, you are directing your
proxy or representative to decide how to vote on that resolution on your
behalf. If you tick the “abstain” box on any resolution, you are directing
your proxy or representative not to vote on that resolution, or if you tick
more than one box in relation to any resolution, the vote on that resolution
will be treated as “discretion” and your proxy will exercise his/ her
discretion as to whether to vote and, if so, how. If the Chair is appointed
as proxy and the voting is left to his discretion, the Chair intends to vote
in favour of Resolutions 1-5. The Chair will not be able to vote on any
discretionary proxies in respect of Resolution (6).
9. This Voting Form must be signed by you or your attorney, duly authorised
in writing. In the case of a joint shareholder, this form must be signed by
each of the joint shareholders (or their duly authorised attorney). In the
case of a corporate shareholder, this Voting Form must be signed by a
director or a duly authorised officer acting under the express or implied
authority of the corporate shareholder, or an attorney duly authorised by
the corporate shareholder.
10. If this Voting Form is signed under a power of attorney, a certificate of
non-revocation must be completed and a copy of the power of attorney
certified by a Solicitor, Justice of the Peace or Notary Public provided to
MUFG Pension & Market Services, unless it has already been noted by
the Company or MUFG Pension & Market Services.
Online: https://nz.investorcentre.mpms.mufg.com/voting/SPN
Scan & Email: meetings.nz@cm.mpms.mufg.com
(Please use ‘SPN Proxy Form’ as the subject for easy identification)
General Enquiries: +64 9 375 5998 | meetings.nz@cm.mpms.mufg.com
PORT SECURITY
Please note for those attending the meeting in person, not only will a Driver’s Licence ID be required to be presented at the security gate to gain access onto
the South Port Island Harbour, but advance notice of the name/s of people wishing to attend is to be relayed by notifying Sharon Jennings either by phone
(03) 212 6009 or email sjennings@southport.co.nz. This is a mandatory requirement under Maritime Security Regulations.
Mail: Use the enclosed reply
paid envelope or address to:
MUFG Pension & Market Services
PO Box 91976
Victoria Street West
Auckland 1142
By hand:
MUFG Pension & Market Services
Level 30, PwC Tower
15 Customs Street West
Auckland 1010
Notes
Lodge your proxy
VOTING RESTRICTIONS
The Company will disregard any votes cast in favour of Resolution (6) by any
Director of the Company and any of his or her associated persons (in each
case the term "associated person" is as defined in the NZX Listing Rules).
However, in accordance with the waiver granted by NZ RegCo, the Company
will not disregard a vote cast by Southland Regional Council (Environment
Southland) on Resolution (6), provided that all conditions of the waiver are
satisfied.
The Company need not disregard a vote cast in favour of Resolution (6) if it
is cast by Philip Cory-Wright as proxy for a person who is entitled to vote, in
accordance with express direction on the proxy form.

VOTING INSTRUCTIONS
This form is to be used to vote as follows on the following resolutions:
Tick
[] in box to record your vote
BUSINESS
1. That Ms C R Crowley be re-elected as a Director of the Company.
2. That Mr M Harrington be elected as a Director of the Company.
3. That Mr P A Barker be elected as a Director of the Company.
4. That Mrs J M Nelson be elected as a Director of the Company.
5. That the Directors be authorised to fix the fees and expenses of Deloitte Limited who acts as
Agent for the Controller and Auditor General.
6. That the maximum aggregate sum available for payment to non-Executive Directors for each
financial year commencing 1 July 2026 be increased from $562,000 to $615,000, (9.4% increase),
such sum to be divided between the non-Executive Directors as they determine.
Please refer to the Notice of Annual Shareholders’ Meeting 2026 for the explanatory notes to accompany the resolutions above.
FORAGAINSTABSTAINDISCRETION
Section 2
SHAREHOLDER QUESTIONS
Shareholders present at the Annual Shareholders’ Meeting will have the opportunity to ask questions during the meeting. If you cannot attend the Annual
Meeting but would like to ask a question you can submit a question online by going to https://nz.investorcentre.mpms.mufg.com/voting/SPN OR complete
the question section below and return to MUFG Pension & Market Services in the reply paid envelope enclosed. Questions will need to be submitted by
11:00am, Friday, 23 October 2026 (NZST). The Board will also address and answer questions at the Annual Shareholders’ Meeting.
QUESTION:
Section 3
(Daytime phone number)
(All shareholders must sign)
Email
(Day) (Month)
Please tick here if you would like to receive communications
electronically – please provide your email address or
email operations.nz@cm.mpms.mufg.com to receive
shareholder communications electronically.
SIGNATURE OF SECURITY HOLDER(S). This section must be completed.
Authorisation
Choose to vote by postal vote or appoint a proxy to vote on your behalf
POSTAL VOTING
I wish to vote by postal vote (please tick the box). My voting intention is indicated in the resolution section below.
APPOINT A PROXY TO VOTE ON YOUR BEHALF
I/We being a shareholder(s) of South Port New Zealand Limited hereby appoint:
As my/our proxy to vote for me/us on my/our behalf as directed below, and on any other matters put to the Annual Shareholders’ Meeting of South
Port New Zealand Limited to be held at 11:00am on Wednesday, 28 October 2026 (NZST), or at any adjournment of that meeting. Unless otherwise
instructed as below, my/our proxy may vote as he/she thinks fit.
Section 1
Contact details Signed on this day of 2026
Or failing that person:
(full name of proxy) (email)
(full name of proxy) (email)
Signature/s