DRP Capital Change Notice

Template
Capital Change Notice

Updated as at February 2025


Section 1: Issuer information
Name of issuer
Turners Automotive Group Limited
90554422NZX ticker code TRA
Class of financial product
Ordinary shares
ISIN (If unknown, check on NZX website)
NZVNLE0001S1
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 207,131
n/a n/a
Issue/acquisition/redemption price per security $7.02
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) n/a
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the
number of Financial Products of the Class,
excluding any Treasury Stock, in existence)
1

0.226%
For an issue of Convertible Financial Products or
Options, the principal terms of Conversion (for
example the Conversion price and Conversion date
and the ranking of the Financial Product in relation
to other Classes of Financial Product) or the Option
(for example, the exercise price and exercise date)
n/a
Reason for issue/acquisition/redemption and
specific authority for issue/acquisition/redemption/
(the reason for change must be identified here)
Shares were issued pursuant to the Dividend
Reinvestment Plan dated May 2023 in respect
of the first quarter dividend for the year ended
31 March 2027.
Total number of Financial Products of the Class
after the issue/acquisition/redemption/Conversion
(excluding Treasury Stock) and the total number of
Financial Products of the Class held as Treasury
Stock after the issue/acquisition/redemption.
91,883,932
In the case of an acquisition of shares, whether
those shares are to be held as treasury stock
n/a
Specific authority for the issue, acquisition, or
redemption, including a reference to the rule
pursuant to which the issue, acquisition, or
redemption is made
Dividend Repayment Plan dated May 2023
and Board resolution dated 5 October 2026.

1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
Ordinary shares issued rank pari passu with
existing ordinary shares
Date of issue 29/10/2026
Section 3: Disclosure required for Placements made under Rule 4.5.1
[Issuers may opt to release Section 3 information (if not already done so) in a separate announcement within five Business Days of
the issuance. Delete this Section 3 if capital change is not the result of a Placement under Rule 4.5.1]

Details of the approach in identifying investors who
were able to participate in the offer and how their
respective allocations in the offer were determined.

The explanation must set out the key objectives
and criteria the Issuer adopted in the allocation
process, whether one of those objectives was a
best effort to allocate on a pro rata basis to existing
holders of the Issuer’s Equity Securities, and any
significant exceptions or deviations from those
objectives and criteria.
n/a
Section 4: Authority for this announcement and contact person
Name of person

authorised to make this
announcement
Barbara Badish
Contact person for this announcement Todd Hunter
Contact phone number 021 722 818
Contact email address Todd.Hunter@turners.co.nz
Date of release through MAP

29/10/2026