Air New Zealand completes share buy-back, reducing ordinary shares

Air New Zealand Limited announced the acquisition of 939,257 ordinary shares through both on-market and off-market buy-back programmes. The on-market acquisitions comprised 367,105 shares on NZX at an average price of NZD $0.6055 and 93,058 shares on ASX at an average price of AUD $0.5273. Additionally, 479,094 shares were acquired off-market from the Crown at NZD $0.6058 per security. All acquisitions were made for cash and are fully paid.

Following these transactions, the total number of ordinary shares in the class, excluding Treasury Stock, stands at 3,234,039,359, representing a 0.0290% reduction in the total class of financial products. The acquired shares will be cancelled, with settlements occurring on November 26, 2025, for NZX and ASX shares, and November 27, 2025, for shares acquired from the Crown.

The buy-back program was approved by a board resolution dated February 20, 2025, and conducted under NZX Listing Rules 4.14.1(a) and 4.14.1(b)(ii). Jennifer Page, general counsel & company secretary, and Kim Cootes, head of investor relations, are the contacts for this announcement, which was released on November 25, 2025.