South Port NZ Ltd - Results of 2022 Annual Meeting

Wednesday 2nd November 2022

At South Port New Zealand Limited’s shareholder meeting, held in Bluff on Tuesday, 1 November 2022, shareholders were asked to vote on five resolutions, which were supported by the Board.

The Directors’ Report, the Financial Statements and the Auditor’s Report for the year ended 30 June 2022 were received.

As required by NZX Listing Rule 6.1, all voting was conducted by a poll.

The resolutions passed by shareholders were:

1. That Mr Philip Cory-Wright be re-elected as a Director of the Company.

2. That Mrs Clare Kearney be re-elected as a Director of the Company.

3. That Mr John Schol be elected as a Director of the Company.

4. That the Directors be authorised to fix the fees and expenses of Deloitte Limited who acts as Agent for the Controller and Auditor General.

5. To consider and if thought fit, resolve to increase the maximum aggregate sum available for payment to non-Executive Directors for each financial year commencing 1 July from $333,000 to $400,000, (20% increase) such sum to be divided between the non-Executive Directors as they determine.

Details of the total number of votes cast in person or by a proxy holder are:

Resolution:

1. That Mr Philip Cory-Wright be re-elected as a Director of the Company

For 22,167,159 (84%), Against 5,174 (0.02%), Abstain 2,402

2. That Mrs Clare Kearney be re-elected as a Director of the Company

For 22,167,200 (84%), Against 5,138 (0.02%), Abstain 2,397

3. That Mr John Schol be elected as a Director of the Company

For 22,140,618 (84%), Against 30,905 (0.11%), Abstain 3,212

4. That the Directors be authorised to fix the fees and expenses of Deloitte Limited who acts as Agent for the Controller and Auditor General

For 22,166,117 (84%), Against 5,013 (0.02%), Abstain 3,605

5. To consider and if thought fit, resolve to increase the maximum aggregate sum available for payment to non-Executive Directors for each financial year commencing 1 July from $333,000 to $400,000, (20% increase), such sum to be divided between the non-Executive Directors as they determine

For 20,465,548 (78%), Against 58,001 (0.22%), Abstain 195,230

Pursuant to NZX Listing Rule 2.6.2, the Board has determined that the following Director is an Independent Director:

• John Schol

Authority for this announcement: Lara Stevens

Contact person: Lara Stevens

Ph: (03) 212-6004

Email: lstevens@southport.co.nz

Date of release through MAP: 1.11.2022

SPNZ NZ Ltd - 2022 Annual Meeting Results Announcement

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