Issue Price for Dividend Reinvestment Plan

Scott Technology Limited (the "Company") advises that the issue price used to calculate entitlements under the Company's Dividend Reinvestment Plan (the "DRP") for the recent dividend, has been set at $2.7725 per share (the "DRP Issue Price"). The DRP Issue Price was calculated on the basis of the volume weighted average sale price for the Company's shares sold on the NZX Main Board during the period 8 November 2022 to 10 November 2022 (inclusive) less a discount of 1.0%. The board of the Company has not exercised its discretion to adjust the DRP Issue Price (including to allow for any bonus or dividend expectation or for any exceptional or unusual circumstances). The additional shares issued under the DRP will be sourced by way of new shares issued by the Company. Shares issued under the DRP will be allotted on the dividend payment date of 22 November 2022. Any enquires should be directed to: Cameron Matthewson, Chief Financial Officer +64 27 705 6457 c.mathewson@scottautomation.com ENDS End CA:00402433 For:SCT Type:CORPACT Time:2022-11-16 08:54:50