Zip Co director's performance rights vest, convert, and new grant received

On December 12, 2025, Zip Co Limited announced the conversion of 10,118 unquoted performance rights into fully paid ordinary shares. These rights, which vested on December 6, 2025, and expire on December 6, 2027, were held indirectly by director Cynthia Scott through Solium Nominees (Australia) Pty Ltd, as trustee of the Zip Co Limited Employee Share Trust. This conversion resulted in a corresponding increase in the total number of quoted ordinary fully paid shares on issue by 10,118 to 1,276,097,691.

Concurrently, Cynthia Scott received a new grant of 531,932 performance rights under the company's Long Term Variable Reward plan, approved at the 2025 annual general meeting. Following these changes, Ms. Scott's direct holdings increased, as 497,002 fully paid ordinary shares were transferred from her indirect holding to her direct account, maintaining beneficial ownership. The number of unquoted performance rights on issue for Zip Co is now 10,412,010.