Dividend Reinvestment Plan Strike Price and AUD FX rate

Dividend Reinvestment Plan Strike Price and AUD FX rate 9 MARCH 2023 - NZX advises the strike price for the dividend reinvestment plan (DRP) operating in respect of the dividend payable on Thursday 16 March 2023 has been set at $1.2006 per share. The strike price has been determined in accordance with the terms of the DRP, as the volume weighted average sale price in New Zealand dollars (expressed in cents and fractions of cents) for an ordinary share calculated on all price setting trades of shares which took place through the NZX Main Board over a period of five business day starting on 1 March 2023 (Ex-Date), less a discount of 1%. Shareholders who have elected to participate in the DRP reinvest their dividends to receive additional shares, rather than cash. The number of NZX shares to which DRP participants are entitled is calculated by multiplying the net proceeds from NZX, of cash dividends payable or credited on a participating share, by the number of that DRP participant's participating shares, and then dividing that number by the issue price of $1.2006. NZX also advises that the foreign exchange rate to be used for payment of the cash dividend in Australian dollars (where applicable) has been set at 0.9261. ENDS For further information, please contact: Media and Investors - Simon Beattie - 021 702 694 About NZX For more than 150 years we have been committed to connecting people, businesses and capital. Our vision is to be a trusted New Zealand business delivering sustainable wealth, value and opportunities for all. NZX operates New Zealand's equity, debt, funds, derivatives and energy markets. To support the growth of our markets, we provide trading, clearing, settlement, depository and data services for our customers. We also own Smartshares, New Zealand's only issuer of listed Exchange Traded Funds (ETFs), and KiwiSaver provider SuperLife. NZX Wealth Technologies is a 100%-owned subsidiary delivering rich online platform functionality to enable New Zealand investment advisors and providers to efficiently manage, trade and administer their client's assets. Learn more about us at: www.nzx.com End CA:00408053 For:NZX Type:CORPACT Time:2023-03-09 08:52:21