Smart US Technology (NZD Hedged) ETF — Net Asset Value 2025

Nov 23, 2025

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

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Monday, 24 November 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 21 November 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 1.22227 168,866,268 -APA Smart Asia Pacific ETF 3.06255 27,610,726 25,000ASD Smart Australian Dividend ETF 2.10033 21,804,541 -ASF Smart Australian Financials ETF 11.90429 5,165,468 -ASP Smart Australian Property ETF 1.62756 25,297,531 -ASR Smart Australian Resources ETF 6.95656 11,107,633 -AUE Smart Australian ESG ETF 3.30128 23,965,228 -AUS Smart Australian Top 200 ETF 3.86666 64,912,708 400,000BOT Smart Automation and Robotics ETF 6.25942 11,035,891 -BTC Smart Bitcoin ETF 3.36491 10,830,123 (120,000)DIV Smart NZ Dividend ETF 1.30911 72,282,211 375,000EMF Smart Emerging Markets ETF 1.87800 119,219,155 (50,000)EMG Smart Emerging Markets ESG ETF 3.34757 30,022,676 -ESG Smart Global ESG ETF 4.62385 67,940,216 50,000EUF Smart Europe ETF 2.77402 47,101,036 100,000EUG Smart Europe ESG ETF 4.33382 4,682,921 -FNZ Smart NZ Top 50 ETF 3.24718 195,040,182 -GBF Smart Global Bond ETF 3.16006 46,079,618 20,000GGB Smart Global Government Bond ETF 2.52881 1,255,554 55,000GLD Smart Gold ETF 3.90196 9,689,286 -GPR Smart Global Property ETF 2.71354 19,126,307 (30,000)INF Smart Global Infrastructure ETF 3.01940 18,277,059 (100,000)JPN Smart Japan ESG ETF 3.18360 4,309,840 30,000LIV Smart Healthcare Innovation ETF 3.50901 7,024,680 -MDZ Smart NZ Mid Cap ETF 6.29347 23,340,674 -MZY Smart Australian Mid Cap ETF 12.58329 23,432,274 -NGB Smart S&P/NZX NZ Government Bond ETF 2.26725 11,116,727 -NPF Smart NZ Property ETF 1.19924 86,761,748 -NZB Smart NZ Bond ETF 3.06355 20,024,077 35,000NZC Smart NZ Cash ETF 3.00222 7,878,712 30,000NZG Smart S&P/NZX 50 ETF 2.62223 78,251,142 -NZT Smart S&P/NZX 20 ETF 2.51983 2,381,742 -OZY Smart Australian Top 20 ETF 5.35679 34,806,267 -TNZ Smart NZ Top 10 ETF 1.99682 54,881,573 -TWF Smart Total World ETF 4.66707 52,829,208 80,000TWH Smart Total World (NZD Hedged) ETF 4.26438 113,194,889 10,000USA Smart US ESG ETF 5.57105 7,806,766 -USF Smart US 500 ETF 20.48798 47,881,994 55,000USG Smart US Large Growth ETF 15.29003 38,043,866 (75,000)USH Smart US 500 (NZD Hedged) ETF 3.63849 62,570,000 (150,000)USM Smart US Mid Cap ETF 9.43820 5,552,745 -USS Smart US Small Cap ETF 8.16227 4,883,711 -UST Smart US Technology (NZD Hedged) ETF 3.04996 9,819,091 25,000USV Smart US Large Value ETF 6.35778 8,353,176 40,000----- 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