Notice of Annual Shareholders Meeting

Notice of Annual Meeting
of Shareholders 2026
Dear Shareholders
We invite you to join us for the Annual Meeting of Shareholders (“Annual Meeting”)
of New Zealand King Salmon Investments Limited (“NZKS”).
In person: Online:
Rutherford Hotel, 27 Nile Street West https://meetnow.global/nz
Nelson 7010, New Zealand
Wednesday 18 February 2026, 2:00pm NZT

RSVP
Please let us know if you plan to attend the Annual Meeting in person by emailing
investor@kingsalmon.co.nz by Wednesday, 11 February 2026.
If attending in person, please bring your CSN/Shareholder or Proxy/Voting Form with
you and visit the registration desk on arrival.
Annual Meeting 2026
Voting
If you do not plan to participate in the Annual Meeting, I encourage you to vote in advance
by casting your vote online, completing and returning the Proxy/Voting form, or appointing a
proxy to vote on your behalf at the Annual Meeting. There will be an option to vote and ask
questions online during the Annual Meeting this year.
Please note that advanced online votes, postal votes and proxy nominations must reach
Computershare by 2:00pm NZT on Monday 16 February 2026, two days ahead of the
meeting.
Please refer to the notes at the end of this Notice of Meeting for further information on
voting.
Questions Ahead of the Meeting
To assist the Board in providing answers to questions from Shareholders, NZKS is offering the
option for Shareholders to submit questions in advance of the Annual Meeting.
Questions should relate to matters that are relevant to the Annual Meeting, including
matters arising from the financial reports and any general questions regarding the
performance of NZKS.
Individual responses to questions received in advance will not be provided, but at the Annual
Meeting the Chair will endeavour to address commonly raised questions. Please email your
questions to investor@kingsalmon.co.nz.
Clay Point, Tory Channel/Kura Te Au
New Zealand King Salmon Investments Limited— ASM Notice 2026
Company Update Newsletter
Sign up https://www.kingsalmon.co.nz/get-in-touch/ to receive our new company
update newsletter - issued four times per year, sharing key company news and
milestones, direct to your inbox.

New Zealand King Salmon Investments Limited— ASM Notice 2026
Items of Business
1.Chair’s Address
2.CEO’s Address
3.Ordinary Resolutions
4.General Business
Ordinary Resolutions
1.That the Board is authorised to fix the auditor’s remuneration for the financial year
ending 30 September 2026.
2.That, having retired in accordance with NZX Listing Rule 2.7.1, Jack Porus be re-elected
as a Director.
3.That, having retired in accordance with NZX Listing Rule 2.7.1, Catriona Macleod be re-
elected as a Director.
4.That the Wellboat Transaction, as described in the explanatory notes, is approved for
the purposes of NZX Listing Rule 5.1.1.
Further information relating to the resolutions is set out in the Explanatory Notes
accompanying this Notice of Annual Meeting. Please read the Explanatory Notes when
considering these resolutions.
By order of the Board.
Mark Dewdney
Chair
19 January 2026

These notes form part of the Notice of Annual Meeting
Explanatory Notes
All of the resolutions to be voted on at the Annual Meeting are ordinary resolutions. An ordinary
resolution is a resolution approved by a majority of more than 50% of votes of those Shareholders
entitled to vote and voting on the resolution.
Ordinary Resolution 1
Remuneration of Auditor
Section 207T of the Companies Act 1993 provides that a company’s auditor is automatically
reappointed unless there is a resolution or other reason for the auditor not to be reappointed.
NZKS wishes PricewaterhouseCoopers to continue as NZKS’ auditor, and PricewaterhouseCoopers
has indicated its willingness to do so.
Under section 207S of the Companies Act 1993, the auditor’s fees and expenses must be fixed in
the manner that is determined at the Annual Meeting. Shareholder approval is therefore sought
for the Directors to fix the auditor’s remuneration for the financial year ended 30 September 2026.
The Board unanimously recommends that Shareholders vote in favour of Resolution 1.
New Zealand King Salmon Investments Limited— ASM Notice 2026

Ordinary Resolution 2 and 3
Election of Directors
Jack Porus and Catriona Macleod were first appointed as Directors of NZKS by the Board on 23 September 2008 and 26 February 2020 (respectively). Under NZX Listing Rule 2.7.1, which
prohibits a Director from holding office (without re-election) for longer than 3 years or past the third annual meeting following the Director’s appointment, whichever is longer, Jack
Porus and Catriona Macleod must retire from office at the 2026 Annual Meeting. Being eligible, they offer themselves for election.
After considering the factors outlined in the NZX Corporate Governance Code that may impact Director independence, the Board considers that Jack Porus will be a Non-Executive
Non-Independent Director and Catriona Macleod will be an Non-Executive Independent Director.
The Board unanimously supports the election of Jack Porus and Catriona Macleod and recommends that Shareholders vote in favour of Resolutions 2 and 3.
Jack Porus
Non-Executive Non-Independent Director
Jack became a Director of NZKS in 2008. Jack is a consultant with Glaister Ennor and has practised in all areas of property law, commercial law, trusts and estate planning. Jack is
currently a Director of Neil Corporation Limited, Norfolk Financial Management Limited, Oregon Group Limited as well as other substantial private businesses. He is a trustee of
numerous personal and charitable trusts. Jack is a director of major NZKS shareholder Oregon Group.
Catriona Macleod
Non-Executive Independent Director
Professor Catriona Macleod has been a Director of NZKS since 2020. She is an experienced science executive with over 30 years of expertise in marine resource management and has
been recognised for her approach to engagement and coastal sustainability management. Catriona has played a pivotal role in numerous research initiatives, both locally and
internationally, as well as in multi-sectoral partnerships investigating the environmental and social dynamics of aquaculture. Her expertise is regularly sought on marine and coastal
environmental matters, with her recommendations informing regulatory policy and guiding the strategic development of sustainable aquaculture activities across Australia and abroad.
She maintains a strong interest in innovative approaches to equitable and sustainable resource management and allocation. Catriona continues to advise governments in Australia and
internationally, serves as a director of the World Aquaculture Society, and provides counsel to organisations including the UN FAO, the Aquaculture Stewardship Council, the Nature
Conservancy, and the World Bank.
New Zealand King Salmon Investments Limited— ASM Notice 2026

Ordinary Resolution 4
Approval of Wellboat long-term lease
The following explanatory notes are provided for the purpose of assisting Shareholders to
understand the effect of the proposed ordinary resolution to approve the entry into a lease
for a wellboat (the “Wellboat Transaction” and the “Resolution”) and therefore how to
exercise their voting rights on the Resolution.

As explained in more detail below, the Wellboat Transaction constitutes a major
transaction for the purposes of NZX Listing Rule 5.1.1(b) and therefore requires shareholder
approval by way of ordinary resolution. Accordingly, the Wellboat Transaction is conditional
on the NZKS Board approving the final version of the agreement, and approval from a
simple majority of votes of shareholders entitled to vote and voting.
Background to the Wellboat Transaction
NZKS proposes to enter into a long-term lease with Sølvtrans Rederi III AS (“Sølvtrans”), a
Norwegian wellboat operator, which currently services the Tasmanian salmon farming
industry and holds the majority of the global wellboat market share.
Negotiations with Sølvtrans for a lease agreement, which includes the use of the wellboat
asset and the associated services to operate the wellboat, are currently in the final stages,
following a comprehensive assessment by NZKS as to options available globally to obtain
the use of a wellboat.
A wellboat is a vessel used for the transportation of live fish. NZKS proposes to use a
wellboat to expand its operations in New Zealand.
Earlier this year, NZKS received confirmation that the staging of feed discharge increases
had been removed from the terms of its resource consents to operate some of its sea
farms. This change provides NZKS with earlier access to more than an additional 5,000
tonnes of potentially usable feed discharge at its Ngāmahau, Clay Point and Waitātā sea
farms.
To fully realise the benefits of this increased feed capacity at its inshore sea farms, NZKS
requires a wellboat to facilitate the movement of live fish between sites. Currently, at its
Queen Charlotte and Tory Channel sites, NZKS utilises a higher risk tow model to transport
fish. However, this approach is not viable for transport of stock between regions such as the
Pelorus and the Tory channel, due to distance and sea conditions. The use of a wellboat to
support salmon farming, including the transport of live fish, is considered standard practice
in farming operations across the global salmon industry. Wellboats are widely used in
Norway, Chile, Australia, Scotland, the Faroe Islands and Canada. New Zealand is the only
major salmon farming country where industry participants do not currently utilise
wellboats.
Acquiring a wellboat would allow NZKS to increase its inshore production volumes through
unlocking access to unutilised feed discharge capacity at current inshore sea farms. Access
to the vessel will then enable inshore farm optimisation, the opportunity to farm the
Pelorus sites over the cooler months and further reduce NZKS’ biological and commercial
risk exposure. In addition, NZKS expects using a wellboat will lead to improvements in
husbandry methods, inventory control, biosecurity procedures and potential improvements
in the consistency of product yield and quality.
The vessel is expected to depart Norway the week commencing 2 February 2026. The time
taken to sail to New Zealand is anticipated to be between 45 to 60 days. Commissioning of
the vessel once it arrives in New Zealand is anticipated to occur in the week commencing 6
April 2026 and, the vessel is anticipated to be operational the following week.
Key terms of the Wellboat Transaction
As noted above, the lease agreement for the Wellboat Transaction has not yet been signed.
The agreement remains subject to board approval and final negotiations. The key terms of
the Wellboat Transaction will be as follows:
The full term of the lease is expected to be 8 years.
The annual costs of the Wellboat Transaction, when averaged out across an 8-year
lease term, are anticipated to be approximately $8.9 million per annum. These costs will
be budgeted for, and paid from, working capital.
Crewing costs are included as an annual charge within the lease. However, NZKS may
be required to pay an annual wash up if actual crewing costs exceed the expected rate.
The anticipated additional crew costs, based on current commercial negotiations, is
included as part of the annual costs outlined above.
NZKS will incur one-off mobilisation costs, which it expects to spread across the life of
the lease and are therefore included in the annual costs outlined above. The
demobilisation costs are not able to be quantified due to the costs being incurred in 8
years' time, but are limited to the charter hire for the period of the return voyage of the
wellboat to Norway from New Zealand and associated voyage costs and voyage related
expenses.
Payments will be made monthly, or annually in the case of invoices for annual wash
ups. The payments will be invoiced across the monthly lease cost, consumable
reimbursements owed to Sølvtrans and mobilisation costs.
New Zealand King Salmon Investments Limited— ASM Notice 2026

Cont. Ordinary Resolution 4
Requirements for shareholder approval
Based on a full 8-year term, and factoring in all costs, NZKS’ view is that the total Gross
Value of the Wellboat Transaction is approximately NZD$72 million. As at 16 January 2026,
NZKS’ market capitalisation was NZD$110,327,366. Therefore, the Gross Value of the
Wellboat Transaction is approximately 65% of NZKS’ market capitalisation as at 16 January
2026.
NZX Listing Rule 5.1.1(b) requires NZKS to obtain shareholder approval by way of ordinary
resolution where NZKS enters into a transaction, or series of related transactions, to lease
assets where the transaction involves a “Gross Value” above 50% of NZKS’ “Average Market
Capitalisation” (as those terms are defined in the NZX Listing Rules). As noted above, the
Gross Value of the Wellboat Transaction is expected to exceed 50% of NZKS’ Average
Market Capitalisation. Accordingly, approval of the Wellboat Transaction is required under
NZX Listing Rule 5.1.1(b) by ordinary resolution of shareholders.
NZKS considers that the Wellboat Transaction is within NZKS’ ordinary course of business,
representing what NZKS believes to be a prudent long-term lease of a key operational asset
from a non-related party. A long-term arrangement offers operational certainty and
commercial stability, ultimately providing superior value and security for shareholders.
NZKS has determined that the Wellboat Transaction is not a “major transaction” for the
purposes of the Companies Act 1993, because the value of the assets the subject of the
transaction do not exceed half the value of NZKS’ total assets before the transaction.
Effect if Resolution passed
If the Resolution is passed, subject to final NZKS Board approval, the conditions precedent
contained in the lease will be satisfied and the Wellboat Transaction will proceed. The key
impacts of the Wellboat Transaction are set out below.
Costs
As noted above, the annual costs of leasing the Wellboat will be paid for by NZKS from
working capital. These costs will be reflected in NZKS’ accounts through being capitalised to
NZKS’ biological assets and subsequently expensed when salmon are harvested or recorded
as mortality. The typical life cycle of salmon (from egg to harvest) is approximately 26 – 36
months. This means there is a lag between capital investment and the impact on earnings.
As such, while there will be some impact on NZKS’ statement of financial performance for
FY26 for leasing the vessel, the full effect and benefit of the Wellboat Transaction will not
be reflected or realised until FY28, once NZKS completes a full farming cycle.


Revenue
It is estimated that a wellboat would deliver an additional 2,000 metric tonnes annually,
once scaled up, of harvest from NZKS’ existing farms (through accessing the unutilised feed
discharge capacity of 5,000 tonne enabled by the resource consent changes as described in
the ‘Background to the Wellboat Transaction’ section above). NZKS conservatively
estimates that this would generate an additional NZD$60 million of revenue (which is
anticipated to be realised in line with the harvest cycle noted above).
The Gross Value of the Wellboat Transaction calculated above results in an average annual
cost of approximately NZD $8.9 million per year. NZKS’ cost of goods sold (COGS) for the
year ended 31 January 2025 on 6,800 metric tonnes of production was approximately
NZD$190 million. Therefore, the annual cost of the Wellboat Transaction would represent
only 4.7% of COGS for the year ended 31 January 2025.

Assets
NZKS estimates that the right of use for the Wellboat Transaction will increase NZKS’ total
assets by approximately NZD$43 million. The lease liability associated with the Wellboat
Transaction is estimated to increase total liabilities by NZD$41 million. This represents a
positive net impact on NZKS’ balance sheet of NZD$2 million, being a 1% uplift against net
assets of NZD$197 million as at 30 September 2025 as reported in NZKS’ most recent
annual report.


New Zealand King Salmon Investments Limited— ASM Notice 2026

Cont. Ordinary Resolution 4
Consequences if the Resolution is not passed
If the Wellboat Transaction is not approved by NZKS shareholders, NZKS will not enter into
the lease for the wellboat on the terms outlined in this Notice of Annual Meeting. However,
NZKS will have the same commercial and operational incentives to lease a wellboat.
Therefore, NZKS may seek to negotiate a shorter-term lease with Sølvtrans on terms which
would not require shareholder approval.
Although a shorter-term lease would have lower total costs, the annual cost to NZKS is
expected to be materially higher and would also create additional uncertainty for future
leasing options and farming operations as wellboat leases of this size are not frequently on
market to lease. The exact additional cost to NZKS of a shorter-term lease is not
quantifiable at this stage as it would require significant renegotiation with Sølvtrans. In
addition, volume growth from NZKS open ocean farming past the pilot phase is reliant on
the use of a wellboat, as previously communicated to shareholders. If additional time is
required for further negotiations for a shorter-term lease, this would also have an
immediate impact to the farming model for FY26, as feed outs would need to slow down
for one sea farm site to ensure feed out limits are not exceeded. The consequence of this
would be a reduction in biomass and the associated revenue that could have been achieved
with that additional biomass.
In the event that NZKS is unable to lease a wellboat, or leases a wellboat on less favourable
terms, NZKS would need to reassess the financial and operational guidance provided to
Shareholders in the market announcement titled “NZ King Salmon Investments Ltd releases
FY25 (Sept) results” released on 27 November 2025, as the guidance provided was based on
the assumption that a wellboat would be utilised in operations. Should this occur, NZKS will
release any updates to guidance where required under its continuous disclosure obligations.
In addition, under the terms of the lease agreement, if the Resolution is not passed and the
Wellboat Transaction does not proceed, some costs will nevertheless be payable by NZKS in
connection with costs Sølvtrans will or has already incurred. These costs are payable as the
wellboat is expected to sail on 2 February 2026, which is before the date of the Annual
Meeting, and NZKS has therefore agreed to reimburse Sølvtrans for certain initial costs if
the Wellboat Transaction does not proceed. These costs include classing costs, voyage costs
and charter hire costs, and potentially additional costs related to Sølvtrans setting up to do
business in New Zealand.
Directors’ recommendation to approve the ordinary resolution
The Board fully supports the Resolution and unanimously recommends that Shareholders
vote in favour of the Resolution. Although NZKS has not obtained a third-party valuation
report or similar, NZKS has thoroughly investigated the costs and benefits of all options to
obtain the use of a wellboat, including acquiring a wellboat outright. The Board believes
the Wellboat Transaction is in the best interests of NZKS and its Shareholders after
assessing the costs and benefits against both the status quo and other options to obtain
the use of a wellboat.
Directors have indicated they, and shareholders associated with them, will vote all NZKS
shares they hold (or in respect of which they hold discretionary proxies) in favour of the
Resolution. The shares held by Directors and shareholders associated with them represent
approximately 41% of NZKS’ ordinary shares.

New Zealand King Salmon Investments Limited— ASM Notice 2026

Eligibility to vote
Any Shareholder whose name is recorded in the NZKS share register at close of trading
on Monday 16 February 2026 is entitled to attend the Annual Meeting and vote on the
resolutions put to shareholders at the Annual Meeting (subject to the time limits for
returning Proxy/Voting Forms). No voting restrictions apply to the resolutions.
Voting
Voting on all Resolutions put before the Annual Meeting shall be by way of poll. Shareholders are encouraged to cast a postal or online vote or appoint a proxy to exercise their vote on
their behalf if they cannot attend the Annual Meeting.
You may cast your vote in one of the ways described below. You may abstain from voting on one or more of the Resolutions.
1. Attending and Voting in Person
You may attend and vote in person at the Annual Meeting, which will be held at Rutherford Hotel, 27 Nile Street West, Nelson 7010, New Zealand.
2. Attending and Voting Online
Shareholders will also be able to participate online via the web platform https://meetnow.global/nz. Instructions on how to participate are included in the Virtual Meeting Guide which
accompanies this Notice of Annual Meeting.
3. Casting a Postal Vote
You can choose to exercise your vote online at www.investorvote.co.nz prior to the Annual Meeting. You will need to provide your CSN/Securityholder Number, which can be found on the
proxy/voting form. Follow the prompts to vote online. Online voting prior to the Annual Meeting is available until 2:00pm NZT on Monday 16 February 2026.
The Board has determined that postal voting is permitted. Postal voting instructions are included in the Proxy/Voting Form which accompanies this Notice of Annual Meeting. To cast a
postal vote you must complete and return the Proxy/Voting Form by post so that your vote is received by the share registrar no later than 2:00pm NZT on Monday 16 February 2026.
Interim Chief Financial Officer, Katie Bennett, has been authorised by the Board to receive and count postal votes at the Annual Meeting.
4. Appointing a Proxy (or Representative)
A proxy need not be a shareholder of NZKS. Instructions for appointing a proxy are included in the Proxy/ Voting Form which accompanies this Notice of Annual Meeting. You can appoint
a proxy online or by completing and returning the Proxy/ Voting Form. Online proxy appointments must be completed by 2:00pm NZT on Monday 16 February 2026 or your Proxy/Voting
Form must be returned by post so that it is received by the share registrar no later than 2:00pm NZT on Monday 16 February 2026.
You may appoint the Chair of the Annual Meeting as your proxy. The Chair of the Annual Meeting intends to vote any discretionary proxies in favour of the Resolutions. If your named
proxy does not attend the Annual Meeting or you have ticked the proxy discretion box but not named a proxy, you will be deemed to have appointed the Chair of the Annual Meeting as
your proxy to vote in accordance with your express directions.
NZ RegCo Non-objection
NZX Regulation Limited (“NZ RegCo”) has provided written confirmation that it does
not object to this Notice of Annual Meeting pursuant to NZX Listing Rule 7.1.1.
However, NZ RegCo accepts no responsibility for any statement in this Notice of
Annual Meeting.
New Zealand King Salmon Investments Limited— ASM Notice 2026

---

Turn over to complete the form to vote
Signing Instructions for Postal Forms
Individual
Where the holding is in one name, the shareholder must sign.
Joint Holding
Where the holding is in more than one name, all of the shareholders
should sign.
Power of Attorney
If this Proxy Form has been signed under a power of attorney, a copy of the
power of attorney (unless already deposited with the Company) and a signed
certificate of non
-revocation of the power of attorney must be produced to the
Company with this Proxy Form.
Companies
This form should be signed by a Director jointly with another Director, or a
Sole Director can also sign alone. Please sign in the appropriate place and
indicate the office held.
Comments & Questions
If you have any comments or questions for the company, please write them on
a separate sheet of paper and return with this form.
Attendance and voting
Voting on all resolutions put before the meeting shall be by way of poll.
Shareholders are encouraged to cast a postal or online vote or appoint a proxy to
exercise their vote on their behalf if they cannot attend the meeting, in person or
virtually by following the instructions below. No voting restrictions apply to the
resolutions.
B
y virtually attending the Annual Shareholders’ Meeting.
If you propose to attend the Annual Shareholders’ Meeting virtually, please read the
enclosed Virtual Meeting Guide prior to the meeting. You can participate in the
m
eeting virtually through the web platform https://meetnow.global/nz and entering
the meeting. You will be able to view presentations, a sk questions and cast your
vote online. For any assistance with the process, please contact Computershare on
+
64 9 488 8777 between 8.30am-5.00pm Monday to Friday.
You may cast your vote prior to the meeting in one of the three ways described
below. You may abstain from voting on one or more of the resolutions.
(a) Online
Lodge your postal vote or proxy online at www.investorvote.co.nz
(b) Casting a postal vote
You may cast a postal vote on one or more of the resolutions by completing the
FOR, AGAINST or ABSTAIN boxes in ‘Step 1’ overleaf, signing this voting form
and returning it to the share registrar.
(c) Appointing a proxy
You may appoint a proxy to attend the meeting and either direct the proxy as to
how to vote or give the proxy discretion as to how to vote on the resolutions by
completing the FOR, AGAINST, ABSTAIN or PROXY DISCRETION box on ‘Step 1’
overleaf, completing the appointment of proxy details in ‘Step 2’ overleaf,
signing this Voting Form and returning it to the share registrar. The proxy need
not be a shareholder of the Company. You may appoint the Chair of the meeting
as your proxy. The Chair of the meeting intends to vote any discretionary
proxies in favour of the resolutions. If your named proxy does not attend the
meeting or you have ticked the proxy discretion box but not named a proxy, you
will be deemed to have appointed the Chair of the meeting as your proxy to vote
in accordance with your express directions.
Your secure access information
Control Number: CSN/Shareholder Number:
PLEASE NOTE: You will need your CSN/Shareholder Number and postcode or country of residence (if outside New Zealand)
to securely access InvestorVote and then follow the prompts to lodge your vote or appoint your proxy online.
Lodge your vote or appoint your proxy online, 24 hours a day, 7 days a week:
www.investorvote.co.nz
Scan the QR code to vote now.
Smartphone?
For your proxy or vote to be effective it must be received by 2:00pm (New Zealand time) on Monday, 16 February 2026.
Lodge your postal vote or proxy
Online
www.investorvote.co.nz
By Mail
Computershare Investor Services Limited
Private Bag 92119 Auckland 1142 New Zealand
For all enquiries contact
+64 9 488 8777
corporateactions@computershare.co.nz

Signature of Shareholder(s) This section must be completed.
SIGN
or Sole Director/Directoror Director (if more than one)
ShareholderShareholder 2Shareholder 3
Contact Name Contact Daytime Telephone Date
Appointment of Proxy
STEP 2
If you mark any of the PROXY DISCRETION boxes above you must appoint a proxy. This may be the chair or any director if you so wish.
Please note: If you do not plan to attend the meeting, you may cast a postal vote or appoint a proxy to vote at the meeting.
Proxy
DiscretionForAgainstAbstain
Voting Instructions/Voting Paper
STEP 1
hereby appointof
or failing him/her
of
I/We being a shareholder/s of New Zealand King Salmon Investments Limited
as my/our proxy to act generally at the meeting on my/our behalf and to vote in accordance with the following directions at the Annual Meeting of New Zealand King
Salmon Investments Limited to be held at the Rutherford Hotel, 27 Nile Street West, Nelson 7010, New Zealand and online via the Computershare Meeting
Platform https://meetnow.global/nz at 2:00pm on Wednesday, 18 February 2026 and at any adjournment of that meeting.
ATTENDANCE SLIP
Annual Meeting of New Zealand King Salmon Investments
Limited to be held at the Rutherford Hotel,
27 Nile Street West, Nelson 7010, New Zealand
at 2:00pm on Wednesday, 18 February 2026.
Ordinary Resolutions
Item 1
Item 2
Item 3
Item 4
Tha
t the Board is authorised to fix the auditor’s remuneration for the financial year ending 30 September 2026.
That, having retired in accordance with NZX Listing Rule 2.7.1, that Jack Porus be re-elected as a Director. That,
That, having retired in accordance with NZX Listing Rule 2.7.1, that Catriona Macleod be re-elected as a Director.
That the Wellboat Transaction, as described in the explanatory notes, is approved for the purposes of
NZX Listing Rule 5.1.1.