SPH Notice - Finaccess Restauración, S.L. (Finaccess)

1
Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both
Sections 277 and 278, Financial Markets Conduct Act 2013
To NZX Limited
and
To Restaurant Brands New Zealand Limited
Relevant event being disclosed: movement of 1% or more in substantial holding
Date of relevant event: 15 October 2025
Date this disclosure made: 16 October 2025
Date last disclosure made: 30 September 2025
Substantial product holder(s) giving disclosure
Full name(s): Finaccess Restauración, S.L. (Finaccess)
Summary of substantial holding
Class of quoted voting products: Fully paid ordinary shares in Restaurant Brands New
Zealand Limited (Restaurant Brands Shares)
Summary for Finaccess
For this disclosure,—
(a) total number held in class: 101,533,043
(b) total in class: 124,758,523
(c) total percentage held in class: 81.384%
For last disclosure,—
(a) total number held in class: 99,488,655
(b) total in class: 124,758,523
(c) total percentage held in class: 79.745%
Details of transactions and events giving rise to relevant event
On 30 September 2025, Accident Compensation Corporation (ACC) entered into a lock-
up deed with Finaccess (Lock-Up Deed) in relation to a proposed full takeover for all of
the Restaurant Brands Shares that it does not already hold. The Lock-Up Deed is in
respect of 5,897,236 Restaurant Brand Shares. A copy of the Lock-Up Deed was attached
to the substantial product holder notice filed by Finaccess on 30 September 2025.
On 14 October 2025, Finaccess made a full cash takeover offer under the Takeovers Code
to acquire all of the Restaurant Brands Shares that it does not currently hold (the Offer).

2
A copy of the Offer Document dated 14 October 2025 in relation to the Offer was copied
to NZX on 14 October 2025.
On 15 October 2025, ACC accepted the Offer for the 5,897,236 Restaurant Brand Shares
it agreed to sell under the terms of the Lock-Up Deed.
In addition, on 14 and 15 October 2025, a further 2,044,388 Restaurant Brand Shares
were accepted by other shareholders under the Offer.
As at 11.59pm (NZT) on 15 October 2025:
(a) Finaccess owned 93,591,419 Restaurant Brand Shares (75.018%), being the
Restaurant Brand Shares owned immediately prior to the Offer; and
(b) Finaccess had received acceptances under the Offer in respect of, in aggregate,
7,941,624 Restaurant Brand Shares. Payment for those Restaurant Brand Shares
will be made in accordance with the terms of the Offer, whereupon Finaccess will
become the registered holder and beneficial owner of those Restaurant Brand
Shares.
Details after relevant event
Details for Finaccess
Restaurant Brand Shares owned by Finaccess

Nature of relevant interest(s): Registered holder and/or beneficial owner of financial
products

For that relevant interest,—
(a) number held in class: 93,591,419
(b) percentage held in class: 75.018%
(c) current registered holder(s): Finaccess

(d) registered holder(s) once transfers are registered: N/A
For a derivative relevant interest, also—
(a) type of derivative: N/A
(b) details of derivative: N/A
(c) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: N/A

Restaurant Brand Shares accepted by shareholders under the Offer (but not yet paid for)

Nature of relevant interest(s): ACC and other shareholders accepting the Offer in respect
of their Restaurant Brand Shares, with payment for those shares expected to be made as
described above under “Details of transaction and events giving rise to relevant event”

3
For that relevant interest,—
(a) number held in class: 7,941,624
(b) percentage held in class: 6.366%
(c) current registered holder(s): ACC and other shareholders who have accepted the
Offer

(d) registered holder(s) once transfers are registered: Finaccess
For a derivative relevant interest, also—
(a) type of derivative: N/A
(b) details of derivative: N/A
(c) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: N/A
Additional information
Address(es) of substantial product holder(s): Antonio Maura 8 1 A, Madrid 28014, Spain
Contact details: James Cooney, +64 9 916 8800, james.cooney@bellgully.com
Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial
products to which this disclosure relates: N/A
Certification
I, José Parés Gutiérrez, certify that, to the best of my knowledge and belief, the
information contained in this disclosure is correct and that I am duly authorised to make
this disclosure by all persons for whom it is made.