Updated L&Q Notice – New Zealand Rural Land Company Limited

LISTING AND QUOTATION NOTICE: NZX MAIN BOARD NEW ZEALAND RURAL LAND COMPANY LIMITED ("NZL") ORDINARY SHARES Company: New Zealand Rural Land Company Limited Issuer Code: NZL Ticker Code: NZL ISIN: NZNZLE0001S2 Short Name: NZRLC Registered Office: C/- Duncan Cotterill, 50 Customhouse Quay, Wellington Central, Wellington 6011 Website: www.nzrlc.co.nz Telephone Number: +64 (9) 379 6493 Financial Year End: 30 June Nature of Business: NZRLC is a newly incorporated company that has been formed for the purpose of acquiring rural land across the New Zealand agricultural sector. NZRLC intends to be a landlord only and will lease the rural land that it acquires to experienced tenants under long term leases. Tenants will undertake the on-land agricultural operations and pay rental to NZRLC. In the long term NZRLC may acquire land in the dairy, sheep and beef, horticulture, viticulture and forestry sectors. However, the initial focus for NZRLC is to acquire rural land in the dairy sector. Directors: Rob Campbell (Chairman), Sarah Kennedy and Christopher Swasbrook Details of Issue: The Offer consists of a maximum of 120 million shares and a minimum of 60 million shares. If the Offer does not reach the minimum amount of 60 million shares, the Offer will be withdrawn and no new shares will be issued, with all application monies being refunded. Quoted Securities at Completion of Offer: Approximately 60,000,000 Minimum Application Amount: 800 shares Offer Price: $1.25 per share Tick Size: $0.01 Lead Manager: Jarden Securities Limited Auditors: PricewaterhouseCoopers Solicitors: Duncan Cotterill Registrar: Link Market Services Limited Settlement Status: NZCDC Settlement System Product Disclosure Statement Dated: Monday, 16 November 2020 Offer Opens 5:00pm, Monday 23 November 2020 Offer Closes 5:00pm, Friday 11 December 2020 Allotment Date: Friday, 18 December 2020 Earliest Mailing of Holder Notices: Friday, 18 December 2020 Expected Commencement of Trading on the NZX Main Board: Monday, 21 December 2020 Mark Peterson Chief Executive Officer NZX Limited 16 December 2020 End CA:00365157 For:REGCO Type:OFFER Time:2020-12-16 13:10:00