Carbon Fund acquires CO2 units for treasury stock

On November 20, 2025, the Carbon Fund acquired 48,914 units in the Carbon Fund for NZD 63,852.34, at an acquisition price of NZD 1.3054 per unit. These units, representing 0.2078% of total units on issue, were acquired as treasury stock pursuant to the Master Trust Deed. The total number of fully paid ordinary units in existence after acquisition (excluding treasury stock) is 23,540,193.

The Carbon Fund's primary objective is to provide investors with exposure to the price of carbon credits through buying and holding carbon credits in emissions trading schemes in New Zealand and offshore. Managed by Salt Investment Funds Limited, the Carbon Fund reported a Net Tangible Assets (NTA) of NZD 1.5073 as of the acquisition date. Salt Funds Management specializes in managing listed equity and property portfolios and has approximately NZD 2 billion in funds under management.