Date: 13 October 2025

Fund Removal – Mercer Macquarie Australian Shares Fund

We have been informed by Mercer that they have decided to close the Mercer Macquarie Australian Shares Fund (Fund), which will be removed from the InvestNow Platform, effective from 13th November 2025.

Mercer noted that the reason for the Fund’s closure was “fixed costs and decreasing funds under management mean that it is no longer viable to provide this portfolio to investors at a cost-effective level”.

For more information on the other Mercer fund offerings on InvestNow, please refer to the Mercer landing page on InvestNow.

There are two important actions that you, as an investor, need to complete:

1. If the Mercer Macquarie Australian Shares Fund is in your Regular Investment Plan, please update your plan as soon as possible by removing the Fund from it (you can reallocate the contribution to other funds you already have in your plan, replace the Fund in your plan with another fund available on InvestNow, or if it is the only fund you have in your plan then simply make the plan inactive). If no changes are made to your plan, we will action this on your behalf on Thursday 13th November.
2. For all units you hold in the Mercer Macquarie Australian Shares Fund, irrespective of whether you have the Fund in a Regular Investment Plan, it would be prudent to raise a sell order before midday Thursday 13^th If no sell order is raised by this time, we will raise an instruction asking our custodian to liquidate any holdings remaining, with net proceeds to be transferred to your InvestNow Transaction Account upon settlement sometime after Wednesday 18^th November.

Should you have any questions please do not hesitate to contact us on 0800 499 466 or at contact@investnow.co.nz

Mike Heath
General Manager
InvestNow
Mob: +64 27 285 9178
mikeheath@investnow.co.nz

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