Smart Bitcoin ETF — Net Asset Value 2025

May 11, 2025

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

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Monday, 12 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 9 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 1.20459 176,651,268 -APA Smart Asia Pacific ETF 2.55568 23,500,726 40,000ASD Smart Australian Dividend ETF 1.88847 20,304,541 -ASF Smart Australian Financials ETF 10.86305 3,740,468 -ASP Smart Australian Property ETF 1.49159 25,922,531 -ASR Smart Australian Resources ETF 5.49022 11,257,633 150,000AUE Smart Australian ESG ETF 2.99933 30,465,228 -AUS Smart Australian Top 200 ETF 3.54884 59,212,708 -BOT Smart Automation and Robotics ETF 5.24901 10,975,891 -BTC Smart Bitcoin ETF 3.78484 7,090,123 -DIV Smart NZ Dividend ETF 1.10771 69,782,211 -EMF Smart Emerging Markets ETF 1.54732 108,754,155 15,000EMG Smart Emerging Markets ESG ETF 2.63991 36,457,676 -ESG Smart Global ESG ETF 3.83014 64,405,216 -EUF Smart Europe ETF 2.48454 39,791,036 75,000EUG Smart Europe ESG ETF 3.82853 3,727,921 -FNZ Smart NZ Top 50 ETF 3.02748 203,840,182 -GBF Smart Global Bond ETF 3.14238 50,059,618 25,000GGB Smart Global Government Bond ETF 2.52898 229,847,200 -GLD Smart Gold ETF 3.03012 3,754,286 145,000GPR Smart Global Property ETF 2.67847 22,211,307 20,000INF Smart Global Infrastructure ETF 2.90452 21,012,059 -JPN Smart Japan ESG ETF 2.71087 3,464,840 -LIV Smart Healthcare Innovation ETF 2.76503 7,539,680 -MDZ Smart NZ Mid Cap ETF 5.55491 24,040,674 (100,000)MZY Smart Australian Mid Cap ETF 10.80086 19,982,274 150,000NGB Smart S&P/NZX NZ Government Bond ETF 2.22593 125,216,727 -NPF Smart NZ Property ETF 1.06548 106,011,748 -NZB Smart NZ Bond ETF 3.01865 145,734,077 450,000NZC Smart NZ Cash ETF 3.03597 200,548,712 110,000NZG Smart S&P/NZX 50 ETF 2.50311 279,151,142 -NZT Smart S&P/NZX 20 ETF 2.44546 2,081,742 -OZY Smart Australian Top 20 ETF 4.97164 34,431,267 -TNZ Smart NZ Top 10 ETF 1.97689 58,131,573 -TWF Smart Total World ETF 3.91779 45,719,208 50,000TWH Smart Total World (NZD Hedged) ETF 3.78646 91,169,889 105,000USA Smart US ESG ETF 4.45691 7,326,766 -USF Smart US 500 ETF 16.91566 44,961,994 45,000USG Smart US Large Growth ETF 12.12400 36,293,866 30,000USH Smart US 500 (NZD Hedged) ETF 3.19821 56,125,000 (100,000)USM Smart US Mid Cap ETF 8.49547 5,432,745 (15,000)USS Smart US Small Cap ETF 7.22046 5,173,711 -UST Smart US Technology (NZD Hedged) ETF 2.34082 4,339,091 -USV Smart US Large Value ETF 5.57712 8,548,176 ------ 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