Capital Change Notice – Share Buyback

Please see attached a capital change notice in relation to the acquisition of ordinary shares in New Zealand Rural Land Company Limited (NZX.NZL) under the on-market share buyback programme announced to the market on 26 May 2023. NZL has acquired a total of 4,536 shares and may acquire up to a further 5,345,464 shares under this on-market share buyback programme. End CA:00414298 For:NZL Type:SECISSUE Time:2023-07-05 11:51:36