NZME Limited — Director's Dealing 2025

May 29, 2025

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Ongoing Disclosure Notice

Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and
Name of listed issuer:		NZME Limited (NZX: NZM)
Date this disclosure made:		30-May-25
Date of last disclosure:		26-Feb-25
Director or senior manager giving disclosure
Full name(s):		Michael Raymond Boggs
Name of listed issuer:		NZME Limited
Name of related body corporate (if applicable):		Not applicable
Position held in listed issuer:		Chief Executive Officer

Summary of acquisition or disposal of relevant interest (excluding specified derivatives)

Class of affected quoted financial products:		Ordinary shares in NZME Limited(NZX: NZM)
Nature of the affected relevant interest(s):		1. Cancellation of performance sharerights to receive ordinary shares inNZME Limited subject to a deferralperiod in accordance with the terms ofthe NZME 2022 Total Incentive Plan -LTI2. Grant of performance share rightsto receive ordinary shares in NZMELimited subject to a deferral period inaccordance with the terms of theNZME 2025 Total Incentive Plan - LTI
For that relevant interest-
Number held in class before acquisition or disposal:		Not applicable as the performanceshare rights do not constitute a classof financial products.
Number held in class after acquisition or disposal:		Not applicable (as above).
Current registered holder(s):		1. Not applicable.2. Not applicable as a new issue.
Registered holder(s) once transfers are registered:		1. Not applicable as a cancellation.2. Not applicable as a new issue.

Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)Type of affected derivative:Not applicableClass of underlyingfinancialproducts:Not applicableDetails of affected derivative-The notional value of the derivative (if any) or the notional amount of underlying financialproducts(if any):Not applicableA statement as to whether the derivative is cash settled orphysicallysettled:Not applicable	Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)Type of affected derivative:Not applicableClass of underlyingfinancialproducts:Not applicableDetails of affected derivative-The notional value of the derivative (if any) or the notional amount of underlying financialproducts(if any):Not applicableA statement as to whether the derivative is cash settled orphysicallysettled:Not applicable	Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)Type of affected derivative:Not applicableClass of underlyingfinancialproducts:Not applicableDetails of affected derivative-The notional value of the derivative (if any) or the notional amount of underlying financialproducts(if any):Not applicableA statement as to whether the derivative is cash settled orphysicallysettled:Not applicable
		Not applicable
		Not applicable
The notional value of the derivative (if any) or the notional amount of underlying financialproducts(if any):		Not applicable
A statement as to whether the derivative is cash settled orphysicallysettled:		Not applicable
Maturitydate of the derivative(if any):		Not applicable
Expirydate of the derivative(if any):		Not applicable
Theprice specified in the terms of the derivative(if any):		Not applicable
Any other details needed to understand how the amount of the consideration payableunder the derivative or the value of the derivative is affected by the value of the underlyingfinancial products:		Not applicable
_For that derivative,- _Parties to the derivative:If the director or senior manager is not a party to the derivative, the nature of the relevantinterest in the derivative:
Parties to the derivative:		Not applicable
If the director or senior manager is not a party to the derivative, the nature of the relevantinterest in the derivative:		Not applicable

Details of transactions giving rise to acquisition or disposal	Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:		Two
Details of transactions requiring disclosure:Date of transaction:Nature oftransaction:Name of any other party or parties to the transaction (if known):The consideration, expressed in New Zealand dollars, paid or received for the acquisitionor disposal. If the consideration was not in cash and cannot be readily by converted into acash value, describe the consideration:Number of financial products to which the transaction related:If the issuer has a financial products trading policy that prohibits directors or seniormanagers from trading during any period without written clearance (a closed period)include the following details—
		30-May-25
		1. Cancellation of 315,031performance share rights to receiveordinary shares in NZME Limitedunder the NZME 2022 Total IncentivePlan - LTI.2. Grant of 260,258 performanceshare rights to receive ordinary sharesin NZME Limited under the NZME2025 Total Incentive Plan - LTI.
		NZME Limited
		Nil
		1. 315,031 performance share rights,would have converted on a one-for-one basis to ordinary shares in NZMELimited if they had vested at the expiryof the deferral period.2. 260,258 performance share rights,which may convert on a one-for-onebasis to ordinary shares in NZMELimited if they vest at the expiry of thedeferral period.
Whether relevant interests were acquired or disposed of during a closed period:		Yes
		Not applicable as neither the issue orlli f h f h
Whether prior written clearance was provided to allow the acquisition or disposal toproceed during the closed period:		canceaton o te perormance sarerights is subject to closed periodrestrictions.
Date of theprior written clearance(if any):		Not applicable
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:		Ordinary shares in NZME Limited
		(NZX: NZM)
		1 Leal and beneficial interest in
		. gordinary shares in NZME Limited.2. Beneficial interest in performance
Nature of relevant interest:		share rights to receive ordinary sharesin NZME Limited pursuant to theNZME 2023 Total Incentive Plan - LTI.3. Beneficial interest in performanceshare rights to receive ordinary sharesin NZME Limited pursuant to theNZME 2024 Total Incentive Plan - LTI.4. Beneficial interest in performanceshare rights to receive ordinary sharesin NZME Limited pursuant to theNZME 2024 Total Incentive Plan - STI.5. Beneficial interest in performanceshare rights to receive ordinary sharesin NZME Limited pursuant to theNZME 2025 Total Incentive Plan - LTI.
For that relevant interest,-
		1. 2,988,7742. 395,3643. 486,3674. 258,7445. 260,258
Number held in class:

1. Michael Raymond Boggs 2. Not applicable 3. Not applicable 4. Not applicable 5. Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable 30-May-25 Paul Gillick, Senior Legal Counsel

Current registered holder(s): - For a derivative relevant interest, Type of derivative:

Details of derivative:

Details of derivative:
The notional value of the derivative (if any) or the notional amount of underlying financialproducts (if any):		Not applicable
A statement as to whether the derivative is cash settled or physically settled:		Not applicable
Maturity date of the derivative (if any):		Not applicable
Expiry date of the derivative (if any):		Not applicable
The price's specified terms (if any):		Not applicable
Any other details needed to understand how the amount of the consideration payableunder the derivative or the value of the derivative is affected by the value of the underlyingfinancialproducts:		Not applicable
For that derivative relevant interest,-
Parties to the derivative:		Not applicable
If the director or senior manager is not a party to the derivative, the nature of the relevantinterest in the derivative:		Not applicable
CertificationI certify that, to the best of my knowledge and belief, the information contained in thisdisclosure is correct and that I am duly authorised to make this disclosure by all personsfor whom it is made.Signature of director or officer:Date of signature:orSignature of person authorised to sign on behalf of director or officer:Date of signature:Name and title of authorised person:
Signature of person authorised to sign on behalf of director or officer:
Date of signature:		30-May-25
Name and title of authorised person:		Paul Gillick, Senior Legal Counsel