Asset Plus Limited — Capital/Financing Update 2020

Sep 28, 2020

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NZX RELEASE

28 September 2020

Special Meeting tomorrow and entitlement offer closing tomorrow

Asset Plus is sending the attached communications to shareholders today reminding of the following:

• The special meeting to approve the Munroe Lane Development is being held online at 2:00pm (New Zealand time) on 29 September 2020. Shareholders can participate in the Special Meeting online at www.virtualmeeting.co.nz/apl20.

• The 1 for 1.01 Entitlement Offer closes tomorrow at 5.00 pm. Shareholders can complete their application online at https://www.assetplusoffer.co.nz and will need to provide the CSN Holder Number and Entitlement Number previously communicated to each shareholder.

-ENDS-

For further information, contact:

Bruce Cotterill Chairman, Asset Plus Limited 021 668 881

Mark Francis

Managing Director, Augusta Funds Management Limited, Manager of Asset Plus 09 300 6161

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