Issue of Ordinary Shares

22/06/2026 08:30 NZST, SECISSUE

MY FOOD BAG GROUP LIMITED – ISSUE OF ORDINARY SHARES UPON VESTING OF PERFORMANCE RIGHTS

My Food Bag advises that 50% of the Performance Rights that were granted to eligible employees in 2024 under the company's Long Term Incentive Plan vested. These vested Performance Rights gave the holder the option to acquire ordinary shares in My Food Bag. All of the vested Performance Rights were exercised and My Food Bag has issued ordinary shares to each holder. In total, 3,160,794 new ordinary shares were issued. A Capital Change Notice reflecting this issue of ordinary shares accompanies this announcement. The remaining 50% of the Performance Rights issued under the 2024 Long Term Incentive Plan remain eligible for vesting in 2027 subject to retention conditions.

The total number of Ordinary Shares on issue is now 254,535,260.

The total number of Performance Rights on issue is now 7,469,953 (after taking into account those Performance Rights that have previously lapsed or been exercised).

Authorised by:

Louise Newsome

Chief Financial Officer

Ends

For investor or analyst queries, please contact:

Louise Newsome

+64 9 886 9840

ir@myfoodbag.co.nz