SPH Notice - Tracey Lee Sivasubramaniam

100080615/3821103.1
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 Solution Dynamics Limited
Relevant event being disclosed: movement in substantial holding
Date of relevant event: 19 February 2026
Date this disclosure made: 19 February 2026
Date last disclosure made: 20 March 2020
Substantial product holder(s) giving disclosure
Full name(s): Tracey Lee Sivasubramaniam
Summary of substantial holding
Class of quoted voting products: ordinary shares
Summary for Tracey Lee Sivasubramaniam
For this disclosure,—
(a) total number held in class: 890,000
(b) total in class: 14,706,443
(c) total percentage held in class: 6.05%
For last disclosure,—
(a) total number held in class: N/A
(b) total in class: N/A
(c) total percentage held in class: N/A
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: Re-settlement of
shareholding on sole remaining trustee of the N & T SIVA FAMILY TRUST family trust, by
means of the following transaction:

2


Date
Nature of
transaction
No. of shares
affected
Total holding
19 February 2026
Off-market transfer
for the purposes of
re-settlement on
sole remaining
trustee
890,000 890,000

Details after relevant event
Details for Tracey Lee Sivasubramaniam
Nature of relevant interest(s):
 Non-beneficial interest (under sections 235(1)(c) and (d) of the Financial Markets
Conduct Act 2013) as sole trustee of the N & T SIVA FAMILY TRUST (the beneficial
owner of the ordinary shares noted below); and
 a beneficial interest in those shares as a beneficiary of the N & T SIVA FAMILY
TRUST
For that relevant interest,—
(a) number held in class: 890,000
(b) percentage held in class: 6.05%
(c) current registered holder(s): Indrajit Nelson Sivasubramaniam, Tracey Lee
Sivasubramaniam and Cormac Trustee Limited
(d) registered holder(s) once transfers are registered: Tracey Lee Sivasubramaniam
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): Tracey Lee Sivasubramaniam, 145
Raumai Road, Bulls 4816
Contact details: Suzanne Watts, Chief Financial Officer, Solution Dynamics Limited, 027
524-9103, susiewa@solutoondynamics.com
Nature of connection between substantial product holders: N/A

3

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
Disclosure has effect for purposes of directors’ and senior managers’ disclosure:
N/A

Certification
I, Suzanne Watts, Chief Financial Officer, Solution Dynamics Limited, 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.