Aquisition and Cancellation of Shares

As announced on 1 November 2022 and 9 October 2023, NZK granted a put option to former CEO Grant Rosewarne. The put option requires NZK to acquire certain shares held by a family trust associated by Mr Rosewarne and originally acquired under long term incentive plans to enable repayment of a loan owed by Mr Rosewarne to NZK as part of those long term incentive plans. Pursuant to that put option, NZK has acquired 3,272,437 ordinary shares, the proceeds of which have been applied to the repayment of Mr Rosewarne's loan balance. End CA:00427036 For:NZK Type:SECISSUE Time:2024-02-28 15:50:32