Capital Change Notice – Shares

16 April 2024 Please see attached a capital change notice in relation to NZL ordinary shares. The ordinary shares have been issued in consideration for the management, investment and administrative services provided by New Zealand Rural Land Management Limited Partnership under the Management Agreement. Christopher Swasbrook Director chris@nzrlc.co.nz 021 928 262 End CA:00429657 For:NZL Type:SECISSUE Time:2024-04-16 12:50:11