Smart Australian Dividend ETF — Net Asset Value 2025

Dec 21, 2025

Level 15, 45 Queen Street, PO Box 105262, Auckland, New Zealand contactus@smartinvest.co.nz

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Monday, 22 December 2025

NTA & Allotment Notice

Smartshares Ltd would like to report the Net Tangible Assets (NTA) and Units on Issue for each ETF in the Smart Exchange Traded Funds as at 19 December 2025.

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----- Start of picture text ----- NZX Code Fund Name NTA Units on Issue Change in UnitsAGG Smart Global Aggregate Bond ETF 1.21702 95,966,268 100,000APA Smart Asia Pacific ETF 3.08385 28,515,726 25,000ASD Smart Australian Dividend ETF 2.05733 22,679,541 -ASF Smart Australian Financials ETF 12.11885 5,215,468 -ASP Smart Australian Property ETF 1.63590 26,172,531 625,000ASR Smart Australian Resources ETF 7.33964 11,482,633 75,000AUE Smart Australian ESG ETF 3.34717 3,165,228 -AUS Smart Australian Top 200 ETF 3.89301 71,112,708 500,000BOT Smart Automation and Robotics ETF 6.23018 11,045,891 -BTC Smart Bitcoin ETF 3.19909 11,625,123 20,000DIV Smart NZ Dividend ETF 1.27146 73,657,211 -EMF Smart Emerging Markets ETF 1.82238 121,059,155 (50,000)EMG Smart Emerging Markets ESG ETF 3.26498 6,982,676 -ESG Smart Global ESG ETF 4.66015 68,445,216 (30,000)EUF Smart Europe ETF 2.85148 49,086,036 25,000EUG Smart Europe ESG ETF 4.44380 4,862,921 -FNZ Smart NZ Top 50 ETF 3.18710 193,840,182 -GBF Smart Global Bond ETF 3.16437 46,244,618 (70,000)GGB Smart Global Government Bond ETF 2.50999 1,365,554 -GLD Smart Gold ETF 4.02609 10,049,286 -GPR Smart Global Property ETF 2.66438 1,326,307 25,000INF Smart Global Infrastructure ETF 2.92739 1,302,059 -JPN Smart Japan ESG ETF 3.18774 4,384,840 35,000LIV Smart Healthcare Innovation ETF 3.47414 7,009,680 -MDZ Smart NZ Mid Cap ETF 6.17318 23,340,674 -MZY Smart Australian Mid Cap ETF 12.59795 23,732,274 75,000NGB Smart S&P/NZX NZ Government Bond ETF 2.23505 6,916,727 -NPF Smart NZ Property ETF 1.13225 88,136,748 -NZB Smart NZ Bond ETF 3.02914 19,754,077 25,000NZC Smart NZ Cash ETF 2.99381 8,383,712 -NZG Smart S&P/NZX 50 ETF 2.57943 78,751,142 -NZT Smart S&P/NZX 20 ETF 2.47669 2,581,742 -OZY Smart Australian Top 20 ETF 5.40839 35,181,267 -TNZ Smart NZ Top 10 ETF 1.97069 54,631,573 -TWF Smart Total World ETF 4.70223 54,564,208 -TWH Smart Total World (NZD Hedged) ETF 4.40147 118,714,889 275,000USA Smart US ESG ETF 5.51985 7,756,766 (30,000)USF Smart US 500 ETF 20.56022 48,401,994 10,000USG Smart US Large Growth ETF 15.31179 37,923,866 (50,000)USH Smart US 500 (NZD Hedged) ETF 3.75356 64,435,000 50,000USM Smart US Mid Cap ETF 9.57846 5,402,745 (40,000)USS Smart US Small Cap ETF 8.49917 4,858,711 (25,000)UST Smart US Technology (NZD Hedged) ETF 3.01940 10,604,091 20,000USV Smart US Large Value ETF 6.40250 8,288,176 (50,000)----- End of picture text -----

Nature of Notice and Reliance on Waiver

This notice is given by Smartshares Limited (Smart) under Listing Rule 3.13.1 and relates to the continuous issue of ordinary units by Smart in each of the exchange traded funds (each an ETF) established under the Smart Exchange Traded Funds managed investment scheme (Scheme) and listed on the Main Board.

This notice is given in reliance on a waiver from NZX Listing Rule 3.13.1 granted by Special Division on 23 May 2024 that allows Smart, subject to certain conditions, to release details of the issue of ordinary units in the ETFs through MAP other than in the prescribed form. This notice is to be read in conjunction with Smart’s master capital change notice which includes all the information required under NZX Listing Rule 3.13.1 and not currently covered in this notice.

About Smart

Established in 1996, Smartshares Limited (trading as “Smart”) is a wholly owned subsidiary of NZX Limited with more than $12 billion in funds under management, serving a wide range of investors, including individual investors, financial adviser customers, businesses, iwi and Pacific nation groups. Smart’s new brand is based on the belief ‘the wise invest Smart’, and that the wisest way to build wealth is to invest in market-tracking products over time. Through Smart ETFs, Kiwis can diversify their portfolios across over 40 ETFs providing access to global, high-performing and special interest markets. Smart is the manager and issuer of the Smart Exchange Traded Funds. The product disclosure statements are available at www.smartinvest.co.nz.

For further information please contact: Smartshares Limited 0800 80 87 80 contactus@smartinvest.co.nz