Launch of Asset Plus

NZX RELEASE
28 June 2018

Launch of Asset Plus


NPT shareholders’ voted on the 19
th
March 2018 to externalise the management of
NPT to Augusta.

From 26 March 2018, Augusta officially took over the management and after a
comprehensive review with the NPT board to understand how the brand was viewed
by its shareholders’, and factoring its sub-standard historic performance, it was agreed
the brand identity was tired and lacking a legacy to take into the future.

Today, with the launch of the new NPT brand as ‘Asset Plus’, Augusta and the Asset
Plus Board aims to re-set the barometer of the shareholders’ and broader market’s
expectations. Collectively the Board and Management are redefining what the business
stands for by giving it an identity that matches its purpose and sits consistently with its
new investment direction.

“We are excited to be at the helm of Asset Plus and in a position to shape the future of
the business to the ultimate benefit of all shareholders’. It is our imperative to create
strong foundations now, and position ourselves in the market to leverage growth into
the future” says Augusta’s Managing Director, Mark Francis.

Asset Plus seeks to provide investors with an investment in a diversified portfolio of
New Zealand commercial property, with a ‘Yield Plus Growth’ investment strategy.

Augusta’s ‘yield plus growth’ strategy aims to enhance asset values through active
management and development, and achieve increased yields. Bruce Cotterill,
Chairman of the Board of Asset Plus says “In collaboration with Augusta, our board
have now identified a defined value add strategy. We believe this strategy
differentiates Asset Plus from the sector and provides a framework for relative
outperformance”.

The Company will invest in assets (and recycle capital out of existing assets) that are
attractive based on property, demographic, business and economic trends and which,
in a portfolio sense, provide diversification across sectors, regions and tenants.

A brand launch video has been developed to help tell the story of Asset Plus, this and
other information related to Asset Plus can be found at assetplusnz.co.nz. The official
NZX ticker will become ‘APL’.

Attached is a copy of the communications to be sent to shareholders regarding the
launch of the new NPT brand as ‘Asset Plus’.


Ends.

Bruce Cotterill is available for media commentary
bruce@cotterill.co
021 668 88

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assetplusnz.co.nz
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Asset Plus seeks to provide investors with an investment in a
diversified portfolio of New Zealand commercial property, with
a ‘Yield Plus Growth’ investment strategy.
Our ‘Yield Plus Growth’ strategy aims to enhance asset
values through active management and development,
and achieve increased yields.
The Company will invest in assets (and recycle capital out
of existing assets) that are attractive based on property,
demographic, business and economic trends and which,
in a portfolio sense, provide diversification across sectors,
regions and tenants.
Yield plus growth
Watch the video
A new vision and strategy led by
a passionate group of experts...
the launch of ‘Asset Plus’ and
its journey to a brighter future.
A brighter future
We are excited to be at the helm of Asset Plus and in a position
to shape the future of the business to the ultimate benefit of all
shareholders'. It is our imperative to create strong foundations now,
and position ourselves in the market to leverage growth
into the future.
To help tell the story of ‘Asset Plus’ we have put together a short
video. To view this click here. As part of the re-brand we have also
updated the existing website which reflects the new direction, the
updated web address is assetplusnz.co.nz. The official NZX ticker will
become ‘APL’.
We are looking forward to this journey with you and thank you for
your support in this transitional phase. If you have any questions or
would like to stay informed on the latest Asset Plus news please
email your enquiry or interest to reception@augusta.co.nz.
Kind Regards,
Bruce Cotterill
Chairman, Asset Plus Ltd
Mark Francis
Managing Director, Augusta Capital
Dear Shareholder,
In collaboration with the NPT board we undertook a
comprehensive review of the NPT brand to
understand how it was viewed by its shareholders',
and factoring its sub-standard historic performance,
we saw a brand identity that was tired and lacking a
legacy to take into the future.
With the launch of the new NPT brand as ‘Asset Plus’, we collectively
aim to re-set the barometer of our shareholders' and broader
market ’s expectations and redefine what the business stands for by
giving it an identity that matches its purpose and sits consistently
with its new investment direction.

---

XYZ Smith
Sample Lane
Sample City
28.06.18
Dear Shareholder,
A new vision and strategy led by a passionate group of experts...the launch of ‘Asset Plus’ and its
journey to a brighter future.
In collaboration with the NPT board we undertook a comprehensive review of the NPT brand to
understand how it was viewed by its shareholders', and factoring its sub-standard historic
performance, we saw a brand identity that was tired and lacking a legacy to take into the future.
With the launch of the new NPT brand as ‘Asset Plus’, we collectively aim to re-set the barometer of
our shareholders' and broader market’s expectations and redefine what the business stands for by
giving it an identity that matches its purpose and sits consistently with its new investment direction.
Asset Plus seeks to provide investors with an investment in a diversified portfolio of New Zealand
commercial property, with a ‘Yield Plus Growth’ investment strategy.

Our ‘Yield Plus Growth’ strategy aims to enhance asset values through active management and
development, and achieve increased yields.
The Company will invest in assets (and recycle capital out of existing assets) that are attractive
based on property, demographic, business and economic trends and which, in a portfolio sense,
provide diversification across sectors, regions and tenants.
We are excited to be at the hel m of Asset Plus and in a position to shape the future of the business
to the ultimate benefit of all shareholders'. It is our imperative to create strong foundations now,
and position ourselves in the market to leverage growth into the future.
To help tell the story of ‘Asset Plus’ we have put together a short video, to view this and other
information related to Asset Plus please go to assetplusnz.co.nz. The official NZX ticker will become
‘APL’.
We are looking forward to this journey with you and thank you for your support in this transitional
phase. If you have any questions or would like to stay informed on the latest Asset Plus news please
email your enquiry or interest to reception@augusta.co.nz.
Kind regards,
Bruce Cotterill
Chairman, Asset Plus Ltd
Mark Francis
Managing Director, Augusta Capital