Asset Plus Limited — Share Issue/Capital Change 2020

Oct 2, 2020

Capital Change Notice

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Section 1: Issuer information
Name of issuer	Asset Plus limited
NZX ticker code	APL
Class of financial product	Ordinary shares
ISIN (If unknown, check on NZX website)	NZNAPE0007S3
Currency	NZD
Section 2: Capital change details
Number issued/acquired/redeemed	105,228,816 ordinary shares, being: • 86,228,816 ordinary shares issued under the retail component of the accelerated non-renounceable entitlement offer announced to NZX on 10 September 2020; and • 17,000,000 ordinary shares issued to Augusta Capital Limited and 2,000,000 ordinary shares issued to Salt Funds Management Limited under the placement and the institutional component of the accelerated non-renounceable entitlement offer (Institutional Offer) announced to NZX on 10 September 2020.
Nominal value (if any)	N/A
Issue/acquisition/redemption price per security	$0.30 per ordinary share
Nature of the payment (for example, cash or other consideration)	Cash
Amount paid up (if not in full)	Fully paid
Percentage of total class of Financial Products issued/acquired/redeemed/ (calculated on the number of Financial Products of the Class, excluding any Treasury Stock, in existence)	40.87%
For an issue of Convertible Financial Products or Options, the principal terms of Conversion (for example the Conversion price and Conversion date and the ranking of the Financial Product in relation to other Classes of Financial Product) or the Option (for example, the exercise price and exercise date)	N/A
Reason for issue/acquisition/redemption and specific authority for issue/acquisition/redemption/ (the reason for change must be identified here)	Issue of ordinary shares: • under the retail component of the accelerated non- renounceable entitlement offer; and • to Augusta Capital Limited and Salt Funds Management

26458436_Project Ernie - Capital Change Notice (Retail Offer and Deferred Shares) (28.9) (003)

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	Limited under the Institutional Offer as a result of settlement of such shares being deferred to ensure Asset Plus Limited’s PIE status is maintained (as further described in the capital change notice released on 16 September 2020), each announced to NZX on 10 September 2020, authorised by Board resolution dated 9 September 2020.
Total number of Financial Products of the Class after the issue/acquisition/redemption/Conversion (excluding Treasury Stock) and the total number of Financial Products of the Class held as Treasury Stock after the issue/acquisition/redemption.	362,717,801 ordinary shares
In the case of an acquisition of shares, whether those shares are to be held as treasury stock	N/A
Specific authority for the issue, acquisition, or redemption, including a reference to the rule pursuant to which the issue, acquisition, or redemption is made	Resolution of Directors on 9 September 2020. The placement is made pursuant to NZX Listing Rule 4.5.1 (as modified by a class waiver granted by NZX Regulation on 19 March 2020). The accelerated non-renounceable entitlement offer is being conducted in accordance with the class waiver from NZX Listing Rule 4.1.1 in relation to ANREOs granted by NZX Regulation on 26 March 2020.
Terms or details of the issue, acquisition, or redemption (for example: restrictions, escrow arrangements)	Issue of ordinary shares which rank equally with all other fully paid ordinary shares in Asset Plus Limited
Date of issue/acquisition/redemption	2/10/2020
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement	Luke Fitzgibbon
Contact person for this announcement	Luke Fitzgibbon
Contact phone number	+64 9 320 5591
Contact email address	luke@augusta.co.nz
Date of release through MAP	2/10/2020