NZ Rural Land Management Distribution

26 November 2021 announce@nzx.com NZ Rural Land Management Distribution In its presentation to the 2021 Annual Meeting Allied Farmers Limited (NZX: ALF) advised that NZ Rural Land Management Limited Partnership (NZRLM) has received a ~$758,000 transaction fee from New Zealand Rural Land Company (NZX:NZL) upon completion of its recently announced transaction on 10 November 2021, and is now cashflow positive on a monthly basis based on management fees. Allied Farmers is pleased to advise that NZRLM has now resolved to pay a cash distribution to its partners of $800,000, of which $400,000 (50 percent) is payable to Allied Farmers. Mark Franklin Chair End CA:00383693 For:ALF Type:MKTUPDTE Time:2021-11-26 15:43:00