PLP – Property Valuation Update

PLP – Property valuation update

14 July 2021

As announced on 9 July 2021, following receipt of a registered valuation that determined there was an
upward valuation adjustment to two of the Marlborough based vineyards owned by the Private Land and
Property Portfolio (the wholesale fund into which the PLP invests), the Manager commissioned an
independent valuation report for the fund’s neighbouring property.

This report has now been received and, as determined by the independent valuer, the Manager has
adopted a further valuation increase of $767,000 for this neighbouring property. This represents a
change of 0.97% to the overall net asset value of the PLP, increasing the latest net asset value per unit
from $1.1583 per unit to $1.1698.

The valuation adjustment will be reflected in the unit price of the PLP completed on 14 July 2021 with an
effective date of 12 July 2021 (unit pricing is completed 2 business days in arrears). Following this, the
Manager will recommence the issuing and redeeming of units directly with the Fund.



For more information, please contact:
Gary Scott
Company Secretary
Booster Investment Management Limited
04 8944300



About Booster
Booster Investment Management Limited (Booster) is the manager and issuer of the Fund, and part of
the Booster Group which has been helping New Zealanders save since 1998. The group currently
administers superannuation and investment funds of over $4 billion on behalf of more than 120,000 New
Zealanders.
PLP is a managed investment fund that invests in land and property-based investments by investing in
units in Booster’s Private Land and Property Portfolio. PLP only holds these units.
For more information, including a copy of the Product Disclosure Statement, please visit
www.booster.co.nz