Asset Plus Limited — Capital/Financing Update 2018

Jul 12, 2018

==> picture [109 x 75] intentionally omitted <==

NZX RELEASE

13 July 2018

CONFIRMATION OF SETTLEMENT OF AA CENTRE

Asset Plus is pleased to confirm that settlement of the sale of the AA Centre, Albert Street, Auckland has occurred on 12 July 2018. Of the $47 million sale price, substantially all of the net proceeds have been applied towards debt repayment. An amount has been retained by Sky City until recladding works to the stairwell of the building are completed.

==> picture [44 x 290] intentionally omitted <==

For further information please contact:

Bruce Cotterill Chairman Asset Plus Limited

Mark Francis Managing Director, Augusta Funds Management Ltd

Guy French-Wright Chief Operating Officer, Augusta Funds Management Ltd