Being AI Limited — Capital/Financing Update 2024

Aug 30, 2024

Corporate Action Notice

(Other than for a Distribution)

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Section 1: Issuer information (mandatory)	Section 1: Issuer information (mandatory)	Section 1: Issuer information (mandatory)	Section 1: Issuer information (mandatory)	Section 1: Issuer information (mandatory)	Section 1: Issuer information (mandatory)	Section 1: Issuer information (mandatory)	Section 1: Issuer information (mandatory)
Name of issuer	Being AI Limited
Class of Financial Product	Ordinary Shares
NZX ticker code	BAI
ISIN (If unknown, check on NZXwebsite)	NZECHE0001S8
Name of Registry	Computershare Investor Services Limited
Type of corporate action(Please mark with an X in the relevantbox/es)	Share PurchasePlan/retail offer				RenounceableRights issue orAcceleratedOffer
	Capitalreconstruction		X		Non-RenounceableRights issue orAcceleratedOffer
	Call				Bonus issue
	Placement
Record date	5pm 6 September 2024
Ex Date (one business day before theRecord Date)	5 September 2024
Currency	NZ$
External approvals required before offercan proceed on an unconditional basis?	No
Details of approvals required	Not applicable
Section 5: Capital reconstruction(delete full section if not applicable, or mark ro	ws as N/A if not applicable)*
Nature of capital reconstruction(Please mark with an X in applicablebox)	FinancialProduct Split			FinancialProductConsolidation		X
	Other			Amalgamation
Ratio (for example 1 for 2)	New	1		Existing		10
Treatment of fractions	Fractional entitlements to shares which arise as aresult of the consolidation will be rounded to thenearest whole number of shares (and a fractionalentitlement to half a share will be rounded up).
Number of Financial Products to beissued	Not applicable

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Total number of Financial Products ofthe Class after the capitalreconstruction (excluding TreasuryStock)	186,801,883 (subject to rounding at the holder level)
Total number of Financial Products ofthe Class held as Treasury Stock afterthe capital reconstruction	No Treasury Stock
Per Financial Product amount (if cashreconstruction)	Not applicable
Payment date (if cash reconstruction)	Not applicable
Allotment date	8am on 9 September 2024
Scaling reference date	Not applicable
Closing date	Not applicable
Allotment date	Not applicable
Section 8: Lead Manager and Underwriter (mandatory)
Lead Manager(s) appointed	No
Name of Lead Manager(s)	Not applicable
Fees, commission or otherconsideration payable to LeadManager(s) for acting as leadmanager(s)	Not applicable
Underwritten	No
Name of Underwriter(s)	Not applicable
Extent of underwriting (i.e. amount orproportion of the offer that isunderwritten)	Not applicable
Fees, commission or otherconsideration payable to Underwriter(s)for acting as underwriter(s)	Not applicable
Summary of significant events thatcould lead to the underwriting beingterminated	Not applicable
Section 9: Authority for this announcement (mandatory)
Name of person authorised to make thisannouncement	Sean Joyce
Contact person for this announcement	Sean Joyce
Contact phone number	021 865 704
Contact email address	sean@corporate-counsel.co.nz
Date of release through MAP	30 August 2024

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