Private Land and Property Fund — Capital/Financing Update 2021

Nov 9, 2021

==> picture [177 x 83] intentionally omitted <==

PLP issue of units

9 November 2021

This notice is given under NZX listing Rule 3.13.2 and relates to the issue of ordinary units in the Private Land and Property Fund (PLP) under the terms of the trust deed.

Section 1: Issuer informationName of issuerNZX ticker codeClass of financial productISINCurrencySection 2: Capital change detailsNumber issued/acquired/redeemedNominal value (if any)Issue/acquisition/redemption price per securityNature of the paymentAmount paid up (if not in full)Percentage of total class of Financial Products issuedFor an issue of Convertible Financial Products or Options, theprincipal terms of Conversion or the OptionReason for issue and specific authority for issue	Private Land and Property FundPLPOrdinary unitsNZPLPE0007S5NZD165,821N/A1.1877CashFully paid0.220% (as a percentage of the units onissue at the end of the previous day)N/APLP is a continuous issuer of units underthe clause 5.1 of the trust deed.
Total number of Financial Products of the Class after the issue(excluding Treasury Stock) and the total number of FinancialProducts of the Class held as Treasury Stock after the issue	75,384,672
In the case of an acquisition of shares, whether those sharesare 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	Continuous issuer of units under clause5.1 of the trust deed.
Terms or details of the issue, acquisition, or redemption (forexample: restrictions, escrow arrangements)	Units rank pari passu with existing units.
Date of issue/acquisition/redemption	Effective date of application 5 November2021, with number of redeemed unitsconfirmed 2 business days later on 9November 2021.

Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement	Gary Scott
Contact phone number	04 894 4300
Contact email address	gary.scott@booster.co.nz
Date of release through MAP	9 November 2021