Issue of Performance Fee Shares

20 May 2026 Issue of Performance Fee Shares New Zealand Rural Land Company (NZL.NZX) confirms it has issued 257,415 fully paid ordinary shares to satisfy the Performance Fee for the period ending 31 December 2025 at an issue price of $1.6097 and a further 101,252 fully paid ordinary shares to satisfy the restated Performance Fee for the period ending 31 December 2024 at an issue price of $1.6629. The total number of shares on issue is now 146,497,193. Rob Campbell Independent Chair For further information please contact: Richard Milsom - Director, NZRLM Mobile: 021 274 2476 Email: richard@nzrlm.co.nz