Capital Change Notice – Share Buyback

Please see attached a capital change notice in relation to the buyback of 50,000 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 556,327 shares under the on-market share buyback programme and may acquire up to a further 4,793,673 shares under this programme. End CA:00420186 For:NZL Type:SECISSUE Time:2023-10-18 10:52:06