BIF – Updated Offer Documents

1.The Board of Directors of Booster Investment Management Limited (BIML), the Manager of the Booster
Innovation Fund,
2.
A change to the approved dispute resolution scheme provider,
3.The Booster Innovation Fund Investment Committee operate as Full Investment Committee and the appointment
of a new member.
4.
Changes to the BIML Board of Directors.
Supplementary Information
1.From 1 April 2025 an update to the Booster Innovation Fund Board of Directors on page 38 was made. The change
was to include that Diana Papadopoulos was appointed as Alternate Director of the Manager’s Board of Directors
and as Chief Executive Office of Booster Financial Services Limited.
Note - additional changes to the Manager’s Board of Directors were made on 1 December 2025. Please refer to
point four for details of these changes.
Include:
Booster Innovation Scheme
Supplementary Document
1 December 2025
What is this?
This is a Supplementary Document for the Product Disclosure Statement dated 11 December 2024 (“PDS”) for the issue
of units in the Booster Innovation Fund.
This document is to be read together with the PDS.
This supplementary document replaces the supplementary document dated 13 June 2025 lodged in relation to the PDS.
This supplementary document has been prepared to update information regarding:
Diana Papadopoulos, Wellington (Alternate Director)
BCA (Hons)
Diana is an alternate director on our board of directors and Chief Executive Office of
Booster Financial Services Limited. Diana was previously the Chief Customer Officer.
Diana has 20 years of commercial experience across multiple functional areas.
2.
Effective 30 April 2025, the ‘How to Complain’ section on page 57 of the PDS has been updated. Booster Investment
Management Limited (‘Booster’) has changed its dispute resolution scheme provider from Financial Dispute Resolution
Services to Financial Services Complaints Limited. The changes are as follows:
Include:
Approved dispute resolution scheme
Booster and Public Trust are both members of an independent approved dispute resolution scheme run by Financial
Services Complaints Limited (FSCL). If we haven’t been able to come to a suitable resolution to your complaint with
you, you can talk to FSCL who will assist you. FSCL will not charge you a fee to investigate or resolve your complaint.
You can contact FSCL at:
Level 4, 101 Lambton Quay
Wellington 6011
PO Box 5967
Wellington 6140
Phone: 0800 347 257
Email: complaints@fscl.org.nz
Web: www.fscl.org.nz

Remove:
If your complaint can’t be resolved, you can refer it to one of the following approved dispute resolution schemes. They
won’t charge you a fee to investigate or resolve your complaint.
Booster’s approved dispute resolution scheme
Financial Dispute Resolution Service
Level 4, 142 Lambton Quay
Freepost 231075
PO Box 2272
Wellington 6140
Phone: 0508 337 337
Email: enquiries@fdrs.org.nz
Web: www.fdrs.org.nz
Public Trust’s approved dispute resolution scheme
Financial Services Complaints Limited
Level 4, 101 Lambton Quay
PO Box 5967
Wellington 6140
Phone: 0800 347 257
Email: complaints@fscl.org.nz
Web: www.fscl.org.nz
3.
Effective from 5 June 2025, the Booster Innovation Fund Investment Committee will no longer operate as a sub-
committee of the Booster Investment Committee and will fulfil the full investment committee role for the Booster
Innovation Fund with reporting obligations to the Board. Daniela McKenzie has been appointed as a full member of
the Booster Innovation Fund Investment Committee and removed from the Advisors team. John Selby has also been
removed from the Advisors team. New appointments to the Advisor team will be disclosed in due course and in the
interim the Fund’s Investment Committee will fulfil their roles.
The changes in the PDS are as follows:
On page 11 replace the following wording:
Changes to the SIPO and Investment Strategy
The SIPO and investment strategy for the Fund are reviewed on at least an annual basis by us or where a significant
event has occurred that would necessitate a review, such as a change in legislation.
Any changes are formally approved by Booster’s Investment Committee.
with the following wording:
Changes to the SIPO and Investment Strategy
The SIPO and investment strategy for the Fund are reviewed on at least an annual basis by us or where a significant
event has occurred that would necessitate a review, such as a change in legislation.
Any changes are formally approved by BIF Investment Committee.
On page 37 remove the following wording:
The Investment Committee is responsible for the Fund’s investment strategy, including establishing and monitoring
relationships with investment partners, portfolio allocation, and investment decisions and ongoing monitoring for
direct investments. Investment decisions and monitoring is delegated to a specialised investment sub-committee to
reflect the specialist expertise required in this sector.
Add the following wording:
The BIF Investment Committee is responsible for the Fund’s investment strategy, including establishing and
monitoring relationships with investment partners, portfolio allocation, and investment decisions and ongoing
monitoring for direct investments.

On page 38 remove:
“The Advisors” section including the individuals Daniela (Dana) McKenzie and John Selby.
On page 39 replace the heading:
“The Booster Innovation Fund Sub-Committee” with “The BIF Investment Committee”,
Add the following wording under The Booster Innovation Fund Investment Committee, next to David Beattie:
Daniela (Dana) McKenzie, Auckland (Investment Committee Member),
MA, BSc
Dana is an experienced entrepreneur, advisor and recognised member of the innovation and
entrepreneurship ecosystem. For over 20 years Dana’s career has taken her from her native
Romania to America, Switzerland, France and New Zealand. Her specialty is working at
the intersection of technology and science. Experienced in taking innovations to the world,
in different markets, helps Dana have a pragmatic assessing and guiding approach to the
start-ups that attempt the same with limited financial resources. In New Zealand since 2014,
Dana has made several investments in early-stage companies and is an experienced director
having served on their Boards. Dana holds an MSc in Computer Science from University
of Colorado in Boulder and an MBA from IMD in Lausanne, Switzerland and is currently
Head of Global Partnerships at Ara Ake, a business driving growth and adoption of new and
emerging energy technologies.
Allan Yeo, Wellington
BCA (Hons), BA
Allan is a director and the Managing Director of our parent company, Booster Financial
Services Limited. He has held a number of senior banking roles with Barclays Bank PLC in
New Zealand, Australia and the United Kingdom and was previously the Managing Director
of Tranzact Financial Services Limited, which was an ASX listed company.
4. From 1 December 2025, Allan Yeo stepped down from the Manager’s Board of Directors, and Diana Papadopoulos
assumed the position of regular director, replacing her previous role as alternate director.
The changes in the PDS are as follows:
On page 38 ‘The manager’s Board of Directors’ section, remove the following information:
Clarify the following information (change ‘Alternate Director’ to ‘Director’):
Diana Papadopoulos, Wellington
BCA (Hons)
Diana is a director on our board of directors and Chief Executive Office of Booster Financial
Services Limited. Diana was previously the Chief Customer Officer. Diana has 20 years of
commercial experience across multiple functional areas.
On page 39 ’Key Management Team Personnel’ section, remove the following information:
Allan Yeo, Wellington
See Allan’s details above.
Include the following information:
Diana Papadopoulos, Wellington
See Diana’s details above.