PLP – Updated Offer Documents

PLP - Return Objective Change 7 April 2021 Booster Investment Management Limited ('Booster') as the manager of the Fund is pleased to have provided solid returns in the 7% plus range over the past 24 months, considering the market uncertainty during that time. To reflect Booster's forward outlook, the return objective of PLPF will now be to generate an average annual long-term return of about 6.5% p.a. (before tax and after all fees, charges and costs) over rolling 7-year periods from a combination of income and capital gain as properties reach full productive capability. This update is reflected in the new PDS. The new objective provides a more useful comparison to other property investment offerings as it no longer includes any particular estimate of general property market inflation. Instead, it focuses on the income yield of the portfolio and active capital value improvements from enhancing the properties' productive capacity. Booster will continue to focus on the unique income opportunities that are provided by the agricultural and horticultural sectors and look forward to sharing news on upcoming new deal flows in the coming months. An updated version of the Product Disclosure Statement ('PDS') and Statement of Investment Policy and Objectives ('SIPO') for the Fund have been registered, and are attached. For more information, please contact: Gary Scott Company Secretary Booster Investment Management Limited 04 8944300 End CA:00370290 For:PLP Type:OFFER Time:2021-04-07 14:50:23