Capital Change Notice - Share Buyback

Capital Change Notice




This notice is given under NZX Listing Rule 3.13.1 and relates to the acquisition of ordinary shares in Being AI Limited
from 2834 Limited Partnership, as originally announced on 16 May 2025.

Section 1: Issuer information
Name of issuer Being AI Limited
NZX ticker code BAI
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZECHE0001S8
Currency NZD
Section 2: Capital change details
Number acquired 11,900,000 ordinary shares
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security Nil
Nature of the payment (for example, cash or other
consideration)
No consideration was payable.
Amount paid up (if not in full) Not applicable
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)
6.35%
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)
Not applicable
Reason for issue/acquisition/redemption and
specific authority for issue/acquisition/redemption/
(the reason for change must be identified here)
Acquisition of ordinary shares pursuant to
a buyback from 2384 LP.
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.
175,471,901 ordinary shares
Nil ordinary shares held as Treasury Stock
In the case of an acquisition of shares, whether
those shares are to be held as treasury stock
No, the ordinary shares subject to the
acquisition were cancelled upon
completion of the acquisition.
Specific authority for the issue, acquisition, or
redemption, including a reference to the rule
pursuant to which the issue, acquisition, or
redemption is made
Board resolution dated 5 June 2025, and
directors’ certificate dated 25 June 2025,
pursuant to section 60(1)(b)(ii) of the
Companies Act 1993. NZX Listing Rule
4.14.1(b)(ii).

Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
Not applicable
Date of issue/acquisition/redemption 25/06/2025
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this
announcement
Mike Dunshea, Group Secretary
Contact person for this announcement Mike Dunshea, Group Secretary
Contact phone number 027 579 8687
Contact email address Mike.dunshea@beingai.group
Date of release through MAP

25/06/2025