Smart Bitcoin ETF — Net Asset Value 2025

May 1, 2025

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

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Friday, 2 May 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 1 May 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 1.20880 176,701,268 50,000APA Smart Asia Pacific ETF 2.53179 23,535,726 25,000ASD Smart Australian Dividend ETF 1.85371 20,429,541 -ASF Smart Australian Financials ETF 10.77132 3,740,468 -ASP Smart Australian Property ETF 1.44149 26,047,531 -ASR Smart Australian Resources ETF 5.39710 11,032,633 -AUE Smart Australian ESG ETF 2.95295 30,465,228 -AUS Smart Australian Top 200 ETF 3.49681 64,212,708 -BOT Smart Automation and Robotics ETF 4.97859 10,975,891 -BTC Smart Bitcoin ETF 3.51063 6,875,123 (25,000)DIV Smart NZ Dividend ETF 1.07757 69,782,211 -EMF Smart Emerging Markets ETF 1.52290 108,369,155 -EMG Smart Emerging Markets ESG ETF 2.57072 36,457,676 -ESG Smart Global ESG ETF 3.77707 64,380,216 -EUF Smart Europe ETF 2.45824 39,606,036 -EUG Smart Europe ESG ETF 3.78517 3,697,921 -FNZ Smart NZ Top 50 ETF 2.91692 204,140,182 200,000GBF Smart Global Bond ETF 3.15898 50,569,618 -GGB Smart Global Government Bond ETF 2.54073 229,182,200 (25,000)GLD Smart Gold ETF 3.01843 3,569,286 (85,000)GPR Smart Global Property ETF 2.66979 22,166,307 -INF Smart Global Infrastructure ETF 2.89044 21,012,059 -JPN Smart Japan ESG ETF 2.67893 3,464,840 -LIV Smart Healthcare Innovation ETF 2.81319 7,559,680 25,000MDZ Smart NZ Mid Cap ETF 5.38114 24,240,674 -MZY Smart Australian Mid Cap ETF 10.48965 19,832,274 150,000NGB Smart S&P/NZX NZ Government Bond ETF 2.22722 125,016,727 -NPF Smart NZ Property ETF 1.02277 105,011,748 125,000NZB Smart NZ Bond ETF 3.01905 146,314,077 (55,000)NZC Smart NZ Cash ETF 3.03409 201,068,712 (75,000)NZG Smart S&P/NZX 50 ETF 2.41271 271,451,142 -NZT Smart S&P/NZX 20 ETF 2.35014 2,081,742 -OZY Smart Australian Top 20 ETF 4.95171 34,281,267 -TNZ Smart NZ Top 10 ETF 1.90119 58,131,573 -TWF Smart Total World ETF 3.84634 45,614,208 (20,000)TWH Smart Total World (NZD Hedged) ETF 3.71854 90,344,889 95,000USA Smart US ESG ETF 4.30456 7,346,766 -USF Smart US 500 ETF 16.58251 44,821,994 45,000USG Smart US Large Growth ETF 11.80707 36,343,866 10,000USH Smart US 500 (NZD Hedged) ETF 3.14442 56,120,000 (20,000)USM Smart US Mid Cap ETF 8.27924 5,447,745 (25,000)USS Smart US Small Cap ETF 6.97051 5,248,711 (15,000)UST Smart US Technology (NZD Hedged) ETF 2.25102 3,924,091 -USV Smart US Large Value ETF 5.50986 8,488,176 ------ 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