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PLP - Redemption of Units 3 February 2021 Pursuant to Rule 3.13.2 of the Main Board Listing Rule, Booster Investment Management Limited, in its capacity as manager of the Private Land and Property Fund ('Fund' or NZX:PLP), confirms it has redeemed 5,413 ordinary units in the Fund at $1.0538 per unit effective 1 February 2021 (the number of units redeemed is confirmed 2 business days later on completion of the unit pricing process). This movement relates to the net redemption of units directly requested by investors who apply direct to the Fund as a continuous issuer. For further information regarding the Private Land and Property Fund visit https://www.booster.co.nz/booster-investments/private-land-and-property-fund About Booster Booster Investment Management Limited (Booster) is the manager and issuer of the Fund, and part of the Booster Group which has been helping New Zealanders save since 1998. The group currently administers superannuation and investment funds of over $3.5 billion on behalf of more than 120,000 New Zealanders. For more information, including a copy of the Product Disclosure Statement, please visit www.booster.co.nz End CA:00367092 For:PLP Type:SECISSUE Time:2021-02-03 15:51:37