Settlement of 22 Stoddard Road sale

NZX release Settlement of 22 Stoddard Road sale 1 May 2023 Asset Plus (NZX: APL) is pleased to confirm that the sale of Stoddard Road has settled this afternoon. From the sale proceeds, $36.35 million has been repaid to BNZ with overall facility limits reducing by $33 million to $52 million. Drawn debt now stands at $37.3 million, with further drawings to be made to fund completion of the Munroe Lane development. A further update will be provided as part of the 2023 financial year results announcement which is being announced on 29 May 2023. For further information, please contact: Stephen Brown-Thomas Asset Plus Fund Manager, Centuria NZ, manager of Asset Plus Limited +64 9 300 6161 Matthew Butt Head of Investor Relations, Centuria NZ, manager of Asset Plus Limited +64 21 610 631 -ENDS- End CA:00410685 For:APL Type:TRANSACT Time:2023-05-01 15:41:50