Asset Plus Limited — Capital/Financing Update 2022

Nov 30, 2022

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NZX release Kamo settlement completed 30 November 2022

Asset Plus (NZX: APL) is pleased to confirm that the sale of the bare land at Springs Flat Road, Kamo has successfully settled today.

The sale proceeds will be utilised to fund the BNZ lock box as announced on 28 November 2022, as part of the Company’s debt facilities extension through to 31 March 2025.

-ENDS-

For further information, please contact:

Stephen Brown-Thomas Asset Plus Fund Manager, Centuria NZ, manager of Asset Plus Limited +64 9 300 6161

Matthew Butt Head of Investor Relations, Centuria NZ, manager of Asset Plus Limited +64 21 610 631

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