Amended Distribution Notice

Distribution Notice

Updated as at 18 December 2019

14391576_1



Please note: all cash amounts in this form should be provided to 8 decimal places

Section 1: Issuer information
Name of issuer New Zealand Rural Land Company Limited
Financial product name/description Ordinary Shares
NZX ticker code NZL
ISIN (If unknown, check on NZX
website)
NZNZLE0001S2
Type of distribution
(Please mark with an X in the
relevant box/es)
Full Year Quarterly
Half Year X Special
DRP applies X
Record date 1 March 2022 (5pm)
Ex-Date (one business day before the
Record Date)
28 February 2022
Payment date (and allotment date for
DRP)
18 March 2022
Total monies associated with the
distribution
1

$1,947,690
Source of distribution (for example,
retained earnings)
Retained earnings
Currency NZD
Section 2: Distribution amounts per financial product
Gross distribution
2
$0.0201
Gross taxable amount
3
$0.00
Total cash distribution
4
$0.0201
Excluded amount (applicable to listed
PIEs)
$0.0201
Supplementary distribution amount $0.00
Section 3: Imputation credits and Resident Withholding Tax
5

Is the distribution imputed Fully imputed
Partial imputation
No imputation

1
Continuous issuers should indicate that this is based on the number of units on issue at the date of the form
2
“Gross distribution” is the total cash distribution plus the amount of imputation credits, per financial product, before the deduction of
Resident Withholding Tax (RWT).
3
“Gross taxable amount” is the gross distribution minus any excluded income.
4
“Total cash distribution” is the cash distribution excluding imputation credits, per financial product, before the deduction of RWT.
This should include any excluded amounts, where applicable to listed PIEs.
5
The imputation credits plus the RWT amount is 33% of the gross taxable amount for the purposes of this form. If the distribution is
fully imputed the imputation credits will be 28% of the gross taxable amount with remaining 5% being RWT. This does not constitute
advice as to whether or not RWT needs to be withheld.

If fully or partially imputed, please
state imputation rate as % applied
6

% N/A
Imputation tax credits per financial
product
$ N/A
Resident Withholding Tax per
financial product
$ N/A
Section 4: Distribution re-investment plan (if applicable)
DRP % discount (if any)
0%
Start date and end date for
determining market price for DRP
03/03/2022 16/03/22
Date strike price to be announced (if
not available at this time)
17/03/2022
Specify source of financial products to
be issued under DRP programme
(new issue or to be bought on market)
New issue
DRP strike price per financial product
TBC
Last date to submit a participation
notice for this distribution in
accordance with DRP participation
terms
02/03/2022
Section 5: Authority for this announcement
Name of person

authorised to make
this announcement
Christopher Swasbrook
Contact person for this
announcement
Christopher Swasbrook
Contact phone number 021 928 262
Contact email address chris@nzrlc.co.nz
Date of release through MAP

22/02/2022





6
Calculated as (imputation credits/gross taxable amount) x 100. Fully imputed dividends will be 28% as a % rate applied.