Asset Plus Limited — Capital/Financing Update 2020

Oct 15, 2020

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NZX RELEASE

16 October 2020

Restaurant Brands Agreement at Eastgate now unconditional

On 28 August 2020, Asset Plus (NZX:APL) announced the entry into an Agreement to Lease (ATL) with Restaurant Brands Limited to construct a new building on existing bare land at Eastgate Shopping Centre, Christchurch for occupation by one of Restaurant Brands’ fast food brands on completion. The ATL was conditional on obtaining Resource Consent prior to 23 November 2020.

Asset Plus is pleased to confirm the required resource consent has been obtained and the ATL is now unconditional.

-ENDS-

For further information contact:

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

Stephen Brown-Thomas, Asset Plus and Development Manager, Augusta Funds Management Limited, Manager of Asset Plus 09 300 6161

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