SPH Notice - 2061 LP (2061) and E K Trust Limited (EKT)

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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 Being AI Limited
Relevant event being disclosed: change in nature of relevant interest
Date of relevant event: 2 October 2026
Date this disclosure made: 6 October 2026
Date last disclosure made: 2 September 2024
Substantial product holder giving disclosure
Full name: 2061 LP (2061) and E K Trust Limited (EKT)
Summary of substantial holding
Class of quoted voting products: Ordinary shares (BAI)
Summary for 2061 LP and E K Trust Limited
For this disclosure,—
(a) total number held in class: 109,470,356
(b) total in class: 175,471,901
(c) total percentage held in class: 62.39%
For last disclosure,—
(a) total number held in class: 1,270,000,000
(b) total in class: 1,868,018,828
(c) total percentage held in class: 67.986%
Details of transactions and events giving rise to relevant event
On 2 October 2026, 2061 unconditionally agreed to sell 9,058,290 fully paid ordinary
shares and all entitlements attached to the shares, in BAI to Excalibur Capital Partners
Limited for $0.25 in total. No “relevant agreement” is required to be disclosed.
This transaction is due to complete on 12 October 2026. At that point, 2061 will not hold
any shares on issue in BAI.
Evan Christian and Katherine Allsopp-Smith are directors of the general partner for 2061
and the trustee for EKT, and have effective control of the voting rights in all BAI shares
held by 2061, with the result that rule 6 of the Takeovers Code has not been triggered by
the exercise of the Option.

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Details after relevant event
Details for 2061 LP
Nature of relevant interest(s): 2061 is the registered holder of financial products in its own
right and a holder of financial products for its sole limited partner, EKT, as described
above. 2061’s relevant interest is no longer qualified by the terms of the option granted to
E K Trust Limited described in the substantial product holder notice dated 3 April 2024.
For that relevant interest,—
(a) number held in class: 109,470,356
(b) percentage held in class: 62.39%
(c) current registered holder: 2061 LP
(d) registered holder once transfers are registered: N/A
Details for E K Trust Limited
Nature of relevant interest(s): EKT is the beneficial owner of 270 million shares in BAI
For that relevant interest,—
(a) number held in class: 109,470,356
(b) percentage held in class: 62.39%
(c) current registered holder: 2061 LP
(d) registered holder once transfers are registered: N/A
Additional information
Address of substantial product holder: 9 Rarere Road, Takapuna, Auckland, 0622, New
Zealand
Contact details: Evan Christian – +64 21 963463 – evanchristian@wilshire.co.nz
Nature of connection between substantial product holders: 2061, CFT and EKT are under
the effective control of Evan Christian and Katherine Allsopp-Smith.
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: Christian Family Trust Limited
Disclosure has effect for purposes of directors’ and senior managers’ disclosure
Katherine Allsopp-Smith is a director of Being AI Limited and Evan Christian is her
alternate director. These disclosures also constitute disclosure for the purposes of the
directors’ and senior managers’ disclosure obligations

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Certifications
I, Evan Russell Christian, 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.