Restriction on Use This report is made solely to the Board of Management, as a body. Our audit has been undertaken so that we might state to the Board of Management those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Incorporated Society and the Board of Management as a body, for our audit work, for this report, or for the opinions we have formed. Crowe New Zealand Audit Partnership CHARTERED ACCOUNTANTS Dated at Auckland this 28th day of March 2025 NEW ZEALAND RUGBY FOUNDATION INC. CC42547 35
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