Market Update – Greenfern Special Shareholder Meeting

09/01/2025 14:13 NZDT, MEETING

Market Update – Greenfern Special Shareholder Meeting

Greenfern Industries Limited (NZX : GFI) today advises that Greenfern intends to hold a Special Shareholder Meeting for the purpose of obtaining a shareholder vote on the following in relation to its material and related party loans and agreements in accordance NZX Listing Rule 5.2.1

· Extension of related party loans to the following parties for an additional 12 months:

o Kirsten Taylor, Jonathan Gee ($50,000) - Jan 2025

o Jasper Mace Family 2020 Trust ($250,000) - Jan 2025

· Conversion of interest of related party loans to shares:

o Kirsten Taylor, Jonathan Gee - Jan 2025

o Jasper Mace Family 2020 Trust - Jan 2025

· GFI intends to submit the Notice of Meeting to NZX for review and written confirmation that it does not object to the document in accordance with NZX Listing Rule 7.1.1.

· GFI is working with ComputerShare to prepare the meeting documents, Proxy voting forms, Attendance registry, and other voting processes.

· GFI intends to provide meeting information (or the Notice of Meeting) in due course

ENDS

For further information, please contact:

Kirsten Taylor GFI Chairwoman 021441182

Elizabeth Plant Chief Executive Officer

Ph: 027 244 2826

Email: elizabeth@gfi.nz