NZ Rural Land Management Dividend and Earnings Guidance

Allied Farmers Ltd
201 Broadway, Stratford, 4332
PO Box 304, Stratford 4352

Phone: 06 765 6199
Web: http://www.alliedfarmers.co.nz
Email: headoffice@alliedfarmers.co.nz

24 June 2021

announce@nzx.com


NZ Rural Land Management Dividend and Earnings Guidance Update

(“Allied Farmers” NZX: ALF) is pleased to advise that NZ Rural Land Management
Limited Partnership (NZRLM) has resolved to pay a cash dividend to its partners of
$700,000, of which $350,000 (50 percent) is payable to Allied Farmers.
On 3 June 2021 Allied Farmers advise d that NZRLM considers that Allied Farmers’s
attributable earnings from NZRLM will be approximately $500,000 - $600,000 pre-tax
as at 30 June 2021. Allied Farmers also advised that this would be subject to final
transactional costs and end of year adjustments relating to transactions that settled
on 1 June 2021.
NZRLM has confirmed that these final costs and adjustments have been finalised,
and that Allied Farmers’s attributable earnings from NZRLM will be toward the
bottom of the range advised on 3 June 2021 (excluding FY21 Performance Fees (if
any)).

Richard Perry
Chair