SPH Notice - David Ferrier, Henry Lawford Lonsdale Ferrier

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Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both
Sections 277 and 278, Financial Markets Conduct Act 2013
To NZX Limited
and
To Bremworth Limited
Relevant event being disclosed: Movement of 1% or more in substantial holding and
change in nature of relevant interest
Date of relevant event: 20 September 2026
Date this disclosure made: 21 September 2026
Date last disclosure made: 18 September 2026
Substantial product holder(s) giving disclosure
Full name(s): David Ferrier, Henry Lawford Lonsdale Ferrier and Mangawhai Collective
Limited (“Mangawhai”) acting in concert
Summary of substantial holding
Class of quoted voting products: Ordinary shares in Bremworth Limited (NZX: BRW)
(“Bremworth”)
Summary for David Ferrier, Henry Lawford Lonsdale Ferrier and Mangawhai
For this disclosure,—
(a) total number held in class: 42,613,647.1681
(b) total in class: 69,089,365
(c) total percentage held in class: 61.679%
For last disclosure,—
(a) total number held in class: 41,257,711.1681
(b) total in class: 69,089,365
(c) total percentage held in class: 59.716%

Details of transactions and events giving rise to relevant event

On 8 and 9 August 2026, Mangawhai entered into lock-up deeds (each a “Lock-Up Deed”)
with 13 of Bremworth’s shareholders (together, the “Accepting Shareholders”) in
relation to the fully paid ordinary shares (“Shares”) in Bremworth held or controlled by the
Accepting Shareholders and their related trusts and entities. Copies of each of the Lock-Up
Deeds were attached to the substantial product holder notice filed by Mangawhai with NZX
on 9 August 2026.

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Subject to certain conditions set out in the Lock-Up Deeds, each Accepting Shareholder
agreed to accept (or procure the acceptance of) the Mangawhai partial takeover offer for
all Shares in Bremworth that they or their relevant related trusts or entities own or control.
On 4 September 2026, Mangawhai made a partial takeover offer for 43.93667% of the
Shares in Bremworth that it does not already hold or control (the “Offer”). A copy of the
offer document for the Offer dated 4 September 2026 was provided to NZX on that date.
Since Mangawhai’s previous disclosure, and as at the end of the day on 20 September
2026:
(a) Accepting Shareholders have accepted the Offer in respect of 11,491,663
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further
Shares in Bremworth subject to the Lock-Up Deeds. Accordingly, for the purposes
of section 278 of the Financial Markets Conduct Act 2013, the nature of
Mangawhai’s relevant interest in those Shares has changed; and
(b) other Bremworth shareholders have accepted the Offer in respect of 1,355,936
further Shares in Bremworth.
Mangawhai’s relevant interest in 1,678,467 Shares in Bremworth arising from the Lock-Up
Deeds with those Accepting Shareholders that have yet to accept the Offer remains
unchanged.
As at the end of the day on 20 September 2026, Mangawhai has a relevant interest in
respect of, in aggregate, 42,613,647.1681 Shares in Bremworth.
Details after relevant event
Details for Mangawhai Collective Limited
Nature of relevant interest(s):
(a) In respect of 13,444,899 ordinary shares in Bremworth: Relevant interest as legal
and beneficial owner of ordinary shares in Bremworth. No relevant agreement
document needs to be attached under regulation 139.
(b) In respect of 188,943.1681 ordinary shares in Bremworth: The power to control the
exercise of voting rights attached to ordinary shares in Bremworth and the power to
control the sale of ordinary shares in Bremworth. A copy of the Voting Deed was
attached to the relevant disclosure filed by David Ferrier, Henry Lawford Lonsdale
Ferrier and Mangawhai on 14 August 2026.
(c) In respect of 1,678,467 ordinary shares in Bremworth: A qualified power to acquire
ordinary shares in Bremworth on the terms set out in the Lock-Up Deeds entered
into with the Accepting Shareholders. Details of the Accepting Shareholders and
copies of each Lock-Up Deed were disclosed in, or attached to, the relevant
disclosure filed by David Ferrier, Henry Lawford Lonsdale Ferrier and Mangawhai on
9 August 2026.
(d) In respect of 27,301,338 ordinary shares in Bremworth: A conditional power to
acquire quoted voting products upon the Offer becoming unconditional in all

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One Accepting Shareholder has accepted the Offer in respect of 40,000 fewer ordinary shares in
Bremworth than the holding set out in their Lock-Up Deed.

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respects, and settlement and payment for consideration occurring in accordance
with the Offer. No relevant agreement document needs to be attached under
regulation 139.
For that relevant interest,—
(a) number held in class: 42,613,647.1681
(b) percentage held in class: 61.679%
(c) current registered holder(s): Mangawhai Collective Limited in respect of
13,444,899 ordinary shares
In respect of Henry Lawford Lonsdale Ferrier:
• JBWere (NZ) Nominees Limited in respect of
102,160 ordinary shares
• Sharesies Nominees Limited in respect of
86,783.1681 ordinary shares
Various Accepting Shareholders (as defined above)
and other acceptors of the Offer (or in each case,
their relevant custodian or nominee) in respect of
28,979,805 ordinary shares
(d) registered holder(s) once transfers are registered: Mangawhai Collective Limited
(except for the shares held by Henry Lawford Lonsdale Ferrier or his custodian or
nominee, which is not applicable).
Details for Henry Lawford Lonsdale Ferrier
Nature of relevant interest(s): Relevant interest as beneficial owner of ordinary shares in
Bremworth. No relevant agreement document needs to be attached under regulation 139.
For that relevant interest,—
(a) number held in class: 188,943.1681 ordinary shares
(b) percentage held in class: 0.273%
(c) current registered holder(s): JBWere (NZ) Nominees Limited in respect of
102,160 ordinary shares
Sharesies Nominees Limited in respect of
86,783.1681 ordinary shares
(d) registered holder(s) once transfers are registered: Not applicable.

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Additional information
Address(es) of substantial product holder(s):
Mangawhai Collective Limited: Walker Wayland Auckland Limited, Level 14, 88 Shortland
Street, Auckland Central, 1010, New Zealand
David Ferrier: 233 Garnet Road, Westmere, Auckland, 1022, New Zealand
Henry Lawford Lonsdale Ferrier: 13 Browning Street, Grey Lynn, Auckland 1021, New
Zealand
Contact details:
Henry Lawford Lonsdale Ferrier
Phone: +64 21 025 30751
Email: henry@supplycorp.co.nz
Nature of connection between substantial product holders: David Ferrier, Henry Lawford
Lonsdale Ferrier and Mangawhai are acting in concert in relation to the acquisition of
relevant interests in ordinary shares in Bremworth Limited by Mangawhai and their
respective holdings. Henry Lawford Lonsdale Ferrier does not have any ownership in, or
control over, Mangawhai. As at the date of this notice, David Ferrier is the sole director and
shareholder of Mangawhai.
Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial
products to which this disclosure relates: N/A
Certification
I, David McDougall Ferrier, 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.