Dear Shareholders,

WasteCo Group Limited (WasteCo) announced on 22 November 2024 that:

• WasteCo had entered into a $9 million conditional agreement to acquire 100% of the shares in Civic Waste Limited, a leading North Island-based waste management company (Civic Waste Acquisition).
• Empire Waste Technology Limited (Empire) has agreed to subscribe to a $15 million convertible note issued by WasteCo (Notes), with the funds from the issue of the Notes to be used to fund the Civic Waste Acquisition.
• WasteCo planned to offer a share purchase plan (SPP) to allow existing shareholders to participate in WasteCo’s growth, subject to shareholder approval. That approval is being sought at a special meeting of shareholders to be held on 13 December 2024 (Special Shareholder Meeting).

On behalf of the Directors of WasteCo, we are pleased to offer shareholders the opportunity to participate in the SPP at an issue price of $0.02 per share.

A total of $5 million is being sought under the SPP, subject to shareholder approval to be sought at the Special Shareholder Meeting.

The SPP will be available to all shareholders registered as at 29 November 2024 as a holder of shares in WasteCo and with an address recorded in WasteCo’s share register that is in New Zealand. Eligible shareholders are entitled to apply for up to $50,000 of new shares under the SPP. WasteCo reserves the right to place any amount not subscribed for under the SPP.

Eligible shareholders have until 5.00pm (NZDT) on 17 December 2024 to apply at the following link: wco.capitalraise.co.nz/apply

Before making your investment decision, I encourage you to read the document which includes all the formal terms for the SPP, as well as recent information released by WasteCo to NZX available at www.nzx.com under the ticker code “WCO”.

If you are in doubt as to what you should do, you should consult your financial or professional adviser or a NZX Broker.

Yours sincerely,

Shane Edmond
Chairman
WasteCo Group Limited