Annual Shareholders’ Meeting Results

MEETING RESULTS ANNOUNCEMENT 11 June 2020 Results of NZME Annual Shareholders' Meeting AUCKLAND, 11 June 2020: NZME Limited (NZX: NZM, ASX: NZM) ("NZME") held its Annual Shareholders' Meeting online today. Shareholders were asked to vote on 2 resolutions, which were supported by the Board, and 3 shareholder proposals, which were not supported by the Board. As required by NZX Listing Rule 6.1, all voting was conducted by a poll. 1. Election of Director - Peter Cullinane - Resolution withdrawn. The resolutions passed by shareholders were: 2. Election of Director - Barbara Chapman It is hereby resolved, as an ordinary resolution, that Barbara Chapman, who stands for re-election before the end of her term and is eligible for re-election, be re-elected as a Director of NZME. 3. Auditor's remuneration It is hereby resolved, as an ordinary resolution, that the Directors of NZME are authorised to fix the auditor's remuneration. The resolutions not passed by shareholders were: 4. That the directors instigate a plan to breakup the Company so as to realise the commercial values of Masthead brands and encourage an ethos of shareholder wealth creation in the endeavours that make up NZME. 5. That the directors acknowledge the importance of dividend income to shareholders and there be a more appropriate dividend policy. 6. That the directors obtain the approval of shareholders before they proceed with any action (costing more than $1 million, including legal fees) to acquire Stuff. See attached for full details of the results. ENDS End CA:00354526 For:NZM Type:MEETING Time:2020-06-11 16:19:23