Air New Zealand completes share buyback, reducing outstanding shares

Air New Zealand has acquired a total of 728,538 ordinary shares, consisting of 356,927 shares from on-market purchases via NZX and ASX, and 371,611 shares off-market from the Crown. The on-market acquisitions were executed at an average price of NZD $0.5950 on NZX and AUD $0.5231 on ASX, while the off-market acquisition from the Crown was priced at NZD $0.5945. These acquisitions represent a 0.0223% reduction of the total class of financial products.

Following the buyback, the total number of ordinary shares in existence (excluding treasury stock) now stands at 3,260,468,734, with 93 shares held as treasury stock. All acquired shares are slated for cancellation, with on-market acquisitions settling and cancelling on October 15, 2025, and off-market acquisitions from the Crown settling and cancelling on October 16, 2025.

The buyback was conducted under a board-approved program announced on February 20, 2025, with specific authority derived from a board resolution dated February 20, 2025. Jennifer Page, general counsel & company secretary, and Kim Cootes, head of investor relations, are the authorized contacts for this announcement.