Smart Gold ETF — Net Asset Value 2025

Dec 22, 2025

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

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Tuesday, 23 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 22 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 1.21552 96,116,268 150,000APA Smart Asia Pacific ETF 3.12037 28,450,726 (65,000)ASD Smart Australian Dividend ETF 2.07771 22,679,541 -ASF Smart Australian Financials ETF 12.19601 5,215,468 -ASP Smart Australian Property ETF 1.64574 26,172,531 -ASR Smart Australian Resources ETF 7.53601 11,482,633 -AUE Smart Australian ESG ETF 3.38741 3,165,228 -AUS Smart Australian Top 200 ETF 3.94179 71,312,708 200,000BOT Smart Automation and Robotics ETF 6.30240 11,045,891 -BTC Smart Bitcoin ETF 3.34372 11,625,123 -DIV Smart NZ Dividend ETF 1.27522 73,657,211 -EMF Smart Emerging Markets ETF 1.84937 120,859,155 (200,000)EMG Smart Emerging Markets ESG ETF 3.30028 7,032,676 50,000ESG Smart Global ESG ETF 4.70779 68,445,216 -EUF Smart Europe ETF 2.87685 48,986,036 (100,000)EUG Smart Europe ESG ETF 4.47543 4,887,921 25,000FNZ Smart NZ Top 50 ETF 3.22393 193,740,182 (100,000)GBF Smart Global Bond ETF 3.15816 46,594,618 350,000GGB Smart Global Government Bond ETF 2.50689 1,365,554 -GLD Smart Gold ETF 4.04771 10,089,286 40,000GPR Smart Global Property ETF 2.65661 1,326,307 -INF Smart Global Infrastructure ETF 2.92035 1,302,059 -JPN Smart Japan ESG ETF 3.21996 4,384,840 -LIV Smart Healthcare Innovation ETF 3.51764 7,009,680 -MDZ Smart NZ Mid Cap ETF 6.22581 23,340,674 -MZY Smart Australian Mid Cap ETF 12.82639 23,732,274 -NGB Smart S&P/NZX NZ Government Bond ETF 2.22869 6,916,727 -NPF Smart NZ Property ETF 1.14186 88,386,748 250,000NZB Smart NZ Bond ETF 3.02457 20,004,077 250,000NZC Smart NZ Cash ETF 2.99427 8,383,712 -NZG Smart S&P/NZX 50 ETF 2.61320 78,751,142 -NZT Smart S&P/NZX 20 ETF 2.51110 2,581,742 -OZY Smart Australian Top 20 ETF 5.45848 35,181,267 -TNZ Smart NZ Top 10 ETF 2.00102 54,631,573 -TWF Smart Total World ETF 4.76215 54,494,208 (70,000)TWH Smart Total World (NZD Hedged) ETF 4.44174 118,769,889 55,000USA Smart US ESG ETF 5.56055 7,756,766 -USF Smart US 500 ETF 20.83455 48,401,994 -USG Smart US Large Growth ETF 15.59122 37,908,866 (15,000)USH Smart US 500 (NZD Hedged) ETF 3.78605 64,640,000 205,000USM Smart US Mid Cap ETF 9.65795 5,402,745 -USS Smart US Small Cap ETF 8.61911 4,878,711 20,000UST Smart US Technology (NZD Hedged) ETF 3.05294 10,604,091 -USV Smart US Large Value ETF 6.44529 8,338,176 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