SPH Notice Richard Milsom

1
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
and
To Allied Farmers Limited
Relevant event being disclosed:
Date of relevant event: 1 October 2026
Date this disclosure made: 1 October 2026
Date last disclosure made: 3 September 2026
Substantial product holder(s) giving disclosure
Full name(s): Richard Milsom
Summary of substantial holding

Class of quoted voting products: Ordinary Shares (no change)
Summary for Richard Milsom
For this disclosure,—
(a) total number held in class: 4,507,699
(b) total in class: 28,950,466
(c) total percentage held in class: 15.570%
For last disclosure,—
(a) total number held in class: 4,507,699
(b) total in class: 28,950,466
(c) total percentage held in class: 15.570%
Class of quoted voting products: Performance Share Rights
Summary for Richard Milsom
For this disclosure,—
(a) total number held in class: 432,096

2
(b) total in class: 806,753
(c) total percentage held in class: 53.56%
For last disclosure,—
(a) total number held in class: 432,096
(b) total in class: 566,262
(c) total percentage held in class: 76.31%

Details of transactions and events giving rise to relevant event

Details of the transactions or other events requiring disclosure: 144,032 performance
share rights granted to Richard Milsom under the FY24 LTI Plan vested on 1 September
2026. An additional 144,032 performance share rights were granted to Richard Milsom on
1 October 2026

3
Details after relevant event

Details for Richard Milsom – Ordinary Shares
Nature of relevant interest(s):
Registered Holder
of Relevant
Interest
Nature of
Relevant Interest
Ordinary shares
% of ordinary
shares on issue
REM Trustee Limited
Shareholder and
Director
3,585,000 12.383
RPMilsom
Investments Limited
Shareholder and
Director
512,000 1.769
Eloise Milsom, and
Grant Stewart as
Trustees of the
Eloise Dickie Trust
Spouse is Trustee
and a beneficiary
266,667 0.921
RMC Limited
Shareholder and
Director
144,032 0.497
Total 4,507,699 15.570%

For that relevant interest,—
(a) number held in class: 4,507,699
(b) percentage held in class: 15.570%
(c) current registered holder(s): As set out in the table above
(d) registered holder(s) once transfers are registered: n/a
Details for Richard Milsom – Performance Share Rights

Nature of relevant interest(s):
Registered Holder
of Relevant
Interest
Nature of
Relevant Interest
Performance
Share Rights
% of PSR’s on
issue
Richard Milsom
Legal and Beneficial
Owner
432,096 53.56

4
For that relevant interest,—
(a) number held in class: 432,096
(b) percentage held in class: 53.56%
(c) current registered holder(s): As set out in the table above
(d) registered holder(s) once transfers are registered: n/a

Additional information
Address(es) of substantial product holder(s): 34 Hukanui Crescent, Ponsonby, Auckland,
1021
Contact details: richard@nzrlm.co.nz ph. 021 274 2476
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
Disclosure has effect for purposes of directors’ and senior managers’ disclosure
Richard Milsom is also Managing Director of Allied Farmers Limited. This disclosure also
constitutes disclosure for the purposes of the directors’ and senior managers’ disclosure
obligations.
Certification
I, Richard Milsom, 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.