NZX Limited — Director's Dealing 2026

Apr 22, 2026

NZX

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:
Date this disclosure made:
Date of last disclosure:
NZX Limited
---
22-Apr-26
3-Apr-25

Director or senior manager giving disclosure

Full name(s):
Name of listed issuer:
Name of related body corporate (if applicable):
Position held in listed issuer:
Graham Nicholas Stewart Law
---
NZX Limited
N/A
Chief Financial and Corporate Officer

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

Class of affected quoted financial products:
Nature of the affected relevant interest(s):
NZX Ordinary Shares
---
Legal and Beneficial

For that relevant interest-

Number held in class before acquisition or disposal:
Number held in class after acquisition or disposal:
Current registered holder(s):
Registered holder(s) once transfers are registered:
325,089
---
345,437
N/A
Graham Nicholas Stewart Law

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 of transaction:
Name of any other party or parties to the transaction (if known):
The consideration, expressed in New Zealand dollars, paid or received for the acquisition or disposal. If the consideration was not in cash and cannot be readily by converted into a cash value, describe the consideration:
Number of financial products to which the transaction related:
30-Mar-26
---
NZX Ordinary Shares issued on exercise of performance rights issued on 21 March 2023 pursuant to the NZX Long Term Incentive Plan
N/A
N/A
33,632
Date of transaction:
---
Nature of transaction:
Name of any other party or parties to the transaction (if known):
The consideration, expressed in New Zealand dollars, paid or received for the acquisition or disposal. If the consideration was not in cash and cannot be readily by converted into a cash value, describe the consideration:
Number of financial products to which the transaction related:
30-Mar-26
---
On market sale of NZX Ordinary Shares to pay tax as a result of the operation of NZX's Long Term Incentive Plan
N/A
$17,773.99 (being $1.338 per share) excluding brokerage
13,284

If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) include the following details—

Whether relevant interests were acquired or disposed of during a closed period:
Whether prior written clearance was provided to allow the acquisition or disposal to proceed during the closed period:
Date of the prior written clearance (if any):
Yes
---
Yes, under clause 7.1(c) of the NZX Financial Products Trading Policy
17-Sept-25

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

Class of affected quoted financial products:
Nature of the affected relevant interest(s):
Performance rights which give the holder options to acquire NZX Ordinary Shares
---
Legal and Beneficial

For that relevant interest-

Number held in class before acquisition or disposal:
301,728
---

---

Number held in class after acquisition or disposal:	283,690
Current registered holder(s):	N/A
Registered holder(s) once transfers are registered:	Graham Nicholas Stewart Law

Details of transactions giving rise to acquisition or disposal

Total number of transactions to which notice relates:

Three

Details of transactions requiring disclosure-

Date of transaction:	30-Mar-26
Nature of transaction:	Cancelled due to conversion of performance rights to NZX Ordinary Shares pursuant to NZX Limited's Long Term Incentive Plan
Name of any other party or parties to the transaction (if known):	N/A
The consideration, expressed in New Zealand dollars, paid or received for the acquisition or disposal. If the consideration was not in cash and cannot be readily by	N/A
Number of financial products to which the transaction related:	33,632
Date of transaction:	30-Mar-26
---	---
Nature of transaction:	Lapsing of performance rights pursuant to NZX Limited's Long Term Incentive Plan
Name of any other party or parties to the transaction (if known):	N/A
The consideration, expressed in New Zealand dollars, paid or received for the acquisition or disposal. If the consideration was not in cash and cannot be readily by	N/A
Number of financial products to which the transaction related:	67,264
Date of transaction:	30-Mar-26
---	---
Nature of transaction:	Issue of performance rights pursuant to NZX Limited's Long Term Incentive Plan
Name of any other party or parties to the transaction (if known):	N/A
The consideration, expressed in New Zealand dollars, paid or received for the acquisition or disposal. If the consideration was not in cash and cannot be readily by converted into a cash value, describe the consideration:	N/A
Number of financial products to which the transaction related:	82,858

If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period).

Whether relevant interests were acquired or disposed of during a closed period:
Whether prior written clearance was provided to allow the acquisition or disposal to proceed during the closed period:

Date of the prior written clearance (if any):

No

N/A

N/A

Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products:	NZX Subordinated Notes (NZX020s)
Nature of relevant interest:	Legal and Beneficial
For that relevant interest:-
Number held in class:	113,000
Current registered holder(s):	Graham Nicholas Stewart Law

Certification

I, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made.

Signature of director or officer:

Date of signature:

or

Signature of person authorised to sign on behalf of director or officer:

Date of signature:

Name and title of authorised person:

Graham Nicholas Stewart Law

22-Apr-26

Notes

Use this form to disclose all the acquisitions and disposals by a director or senior manager of a listed issuer, or of a related body corporate, or in specified derivatives. The disclosure must be made within—

(a) 20 working days after the first acquisition or disposal disclosed in this notice if the acquisitions or disposals are of a kind referred to in section 297(2)(a) of the Financial Markets Conduct Act 2013; or

(b) in any other case, 5 trading days after the first acquisition or disposal disclosed in this notice.