Issue of Share Rights

21/10/2026 14:14 NZDT, ADMIN

In accordance with Listing Rule 3.18.1, the Meridian Board advises that it has decided to issue share rights to certain employees of Meridian in connection with the Company’s short-term and long-term incentive schemes. Each share right will, upon vesting and exercise of the right, entitle the holder to one ordinary share in the Company (Share), plus an additional number of Shares equal to the value of gross cash dividends per Share which would have been paid to a New Zealand tax resident who held a Share for the duration of scheme vesting periods, calculated using a 10-day volume weighted average price.

The issue of share rights is expected to occur on 30 October 2026.