Capital Change Notice – Share Buyback

Please see attached a capital change notice in relation to the buyback of 55,000 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 611,327 shares under the on-market share buyback programme and may acquire up to a further 4,738,673 shares under this programme. End CA:00420260 For:NZL Type:SECISSUE Time:2023-10-19 12:52:27