NGB - Notification of NTA Error

12/01/2026 11:42 NZDT, MKTUPDTE

12 January 2026

Smart S&P/NZX NZ Government Bond ETF (NGB) – Notification of NTA Error

Smartshares Limited (Smart) advises that the Net Tangible Asset (NTA) values reported to the market for NGB, for the period 27 November 2025 to 8 January 2026 (as announced to the market between 28 November 2025 and 9 January 2026), were incorrect due to a pricing error.

The pricing error was identified and corrected on 9 January 2026.

The NTA market announcements released from 12 January 2026 onwards reflect the correct NTA value for the Smart S&P/NZX NZ Government Bond ETF.

Smart is currently investigating and assessing the impact of this pricing error and will notify any impacted investors accordingly.

For further information please contact:

Smartshares Limited

0800 80 87 80

contactus@smartinvest.co.nz

About Smart

Established in 1996, Smartshares Limited (trading as “Smart”) is a wholly owned subsidiary of NZX Limited with more than $12 billion in funds under management, serving a wide range of investors, including individual investors, financial adviser customers, businesses, iwi and Pacific nation groups. Smart’s new brand is based on the belief ‘the wise invest Smart’, and that the wisest way to build wealth is to invest in market-tracking products over time. Through Smart ETFs, Kiwis can diversify their portfolios across over 40 ETFs providing access to global, high-performing and special interest markets. Smart is the manager and issuer of the Smart Exchange Traded Funds. The product disclosure statements are available at www.smartinvest.co.nz.