Dunlop Distribution Update

• NTAW to cease importing Dunlop brand tyres to Australia
• NTAW to continue distributing Dunlop in New Zealand under new agreement
• NTAW to hold and sell existing Dunlop inventory in Australia on consignment

NTAW Holdings Limited (ASX:NTD) has announced that certain of its subsidiaries had received notices of termination of Agreements to distribute Dunlop branded tyres in Australia and New Zealand from Goodyear & Dunlop Tyres (Aust) Pty Limited (Goodyear AU) and Goodyear & Dunlop Tyres (NZ) (Goodyear NZ). On 8 May 2025, NTD entered into new agreements, including a Tire Purchase and Mutual Termination Agreement with Goodyear AU and Sumitomo Rubber Australia Pty Limited (SRA), a Termination Agreement with Goodyear NZ, a Payment and Mutual Release Agreement with Goodyear AU and Goodyear Orient Company (Private) Ltd, a Dunlop New Zealand Distributor Agreement with Sumitomo Rubber Industries, Ltd (SRI), and a Sales Support Agreement with SRA. Under these agreements, NTD will cease importing Dunlop brand tyres to Australia, and the Dunlop distribution agreement between NTD and Goodyear AU will be terminated. NTD will continue to import and distribute Dunlop brand tyres in New Zealand under the Dunlop NZ Distributor Agreement with SRI. NTD will also hold and sell the existing inventory of Dunlop brand products in Australia on consignment from SRA, pursuant to the Transition Agreement.

NTD is presently executing strategies to grow revenue in other wholesale business units and the commercial retail business units in both Australia and New Zealand, while reducing costs and inventory levels. With support from suppliers of existing core brands, NTD will introduce new products and execute sales and marketing campaigns designed to increase market share for those brands.