PLP – Property Valuation Update

PLP - Property valuation update 14 July 2021 As announced on 9 July 2021, following receipt of a registered valuation that determined there was an upward valuation adjustment to two of the Marlborough based vineyards owned by the Private Land and Property Portfolio (the wholesale fund into which the PLP invests), the Manager commissioned an independent valuation report for the fund's neighbouring property. This report has now been received and, as determined by the independent valuer, the Manager has adopted a further valuation increase of $767,000 for this neighbouring property. This represents a change of 0.97% to the overall net asset value of the PLP, increasing the latest net asset value per unit from $1.1583 per unit to $1.1698. The valuation adjustment will be reflected in the unit price of the PLP completed on 14 July 2021 with an effective date of 12 July 2021 (unit pricing is completed 2 business days in arrears). Following this, the Manager will recommence the issuing and redeeming of units directly with the Fund. For more information, please contact: Gary Scott Company Secretary Booster Investment Management Limited 04 8944300 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 $4 billion on behalf of more than 120,000 New Zealanders. PLP is a managed investment fund that invests in land and property-based investments by investing in units in Booster's Private Land and Property Portfolio. PLP only holds these units. For more information, including a copy of the Product Disclosure Statement, please visit www.booster.co.nz End CA:00375598 For:PLP Type:GENERAL Time:2021-07-14 08:45:59