Capital Change Notice - BTF Land Deposit

Capital Change Notice


Please do not amend or delete individual rows. As this template relates to prescribed content, changes to content
should only be made where it is clearly indicated that this is permitted, otherwise, if an Issuer considers a particular
element does not apply, mark the row as N/A. Any other changes to this prescribed form must first be approved by
NZX as required under NZX Listing Rule 3.26.1.

Section 1: Issuer information
Name of issuer Taiko Critical Minerals Limited
NZX ticker code TCM
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZTCME0001S6
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 1,436,100
Nominal value (if any) N/A
Issue/acquisition/redemption price per security Approximately $0.2089
Nature of the payment (for example, cash or other
consideration)
The shares are being issued to Barrytown
Farms Limited as non-cash consideration
for the share component of the deposit
under the Barrytown Farms Agreement.
Amount paid up (if not in full) Fully Paid
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

0.32%
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)
To satisfy the share component of the
deposit payable under the Barrytown
Farms Agreement. The total deposit under
that agreement is NZ$1,000,000,
comprising a NZ$200,000 cash deposit, a
NZ$300,000 share deposit satisfied by the
issue of Tāiko ordinary shares to Barrytown
Farms Limited as vendor, and a
NZ$500,000 two-year deposit payable if
settlement has not completed by the
relevant date.
This issue has been authorised by the
Board.

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

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.
448,051,297
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
The Barrytown Farms Agreement was
approved by a Board resolution dated 17
June 2026 and approved by shareholders
at a Special Meeting on 29 July 2026.
Issued under NZX Listing Rule 4.5.1
Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
New ordinary shares which rank equally
with all other fully paid ordinary shares
Date of issue/acquisition/redemption 12 November 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.
The shares are being issued to Barrytown
Farms Limited as non-cash consideration
for the share component of the deposit
under the Barrytown Farms Agreement.
A pro-rata rights issue or share purchase
plan would not be appropriate because the
issue is transaction-specific consideration
payable to the vendor and is not being
undertaken to raise capital from
shareholders generally.
Section 4: Authority for this announcement and contact person
Name of person

authorised to make this
announcement
Robert Brand
Contact person for this announcement Robert Brand
Contact phone number +61 421 388 222
Contact email address robert.brand@taikocm.co.nz
Date of release through MAP

12 November 2026