Updated Corporate Action Notice

Template
Corporate Action Notice
(Other than for a Distribution)
Updated November 2022

Page of
16195066_4

Section 1: Issuer information (mandatory)
Name of issuer New Zealand Rural Land Company Limited
Class of Financial Product Ordinary Shares
NZX ticker code
NZL
ISIN (If unknown, check on NZX
website)
NZNZLE0001S2
Name of Registry Link Market Services Limited
Type of corporate action
(Please mark with an X in the relevant
box/es)
Share Purchase
Plan/retail offer
Renounceable
Rights issue or
Accelerated
Offer
X
Capital
reconstruction
non-
Renounceable
Rights issue or
Accelerated
Offer

Call Bonus issue X
Record date 03/03/2023 (applicable to Renounceable Rights
Issue only)
Ex Date (one business day before the
Record Date)
02/03/2023 (applicable to Renounceable Rights
Issue only)
Currency NZD
Section 2: Rights issue or Accelerated Offer
(delete full section if not applicable, or mark rows as N/A if not applicable)*
If Accelerated Offer, structure AREO structure, comprising:
(a) a pro-rata accelerated institutional entitlement
offer of new ordinary shares (New Shares) to
eligible institutional shareholders
(Institutional Offer); and
(b) a pro-rata retail entitlement offer of New
Shares to eligible retail shareholders (Retail
Offer).
Number of Rights to be issued for
renounceable/non renounceable rights
offer, OR number of entitlements
available for security holders if
Accelerated Offer
38,533,857 subject to rounding

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16195066_4
Maximum number of Financial Products
to be issued if offer is fully subscribed
38,533,857 subject to rounding
ISIN of Rights security (if applicable) N/A
Oversubscription facility Y
Entitlement ratio (for example 1 for 3) New 1 Existing 3
Treatment of fractions** Rounded down
Subscription price
(per Financial Product)
$ 1.00
Letters of entitlement mailed 06/03/2023
Offer open 01/03/2023 Institutional Offer
06/03/2023 Retail Offer
Offer close 02/03/2023 Institutional Offer
15/03/2023 Retail Offer
Quotation date
1
(if Rights will be
quoted)
N/A
Allotment date Market open on:
08/03/2023 Institutional Offer
22/03/2023 Retail Offer
Section 3: Bonus issue
(delete full section if not applicable, or mark rows as N/A if not applicable)*
Number of Financial Products to be
issued
12,844,619 subject to rounding
ISIN of security to be issued (if different
from Ordinary Shares)
NZNZLE0005S3
Minimum entitlement Every subscriber for New Shares under the AREO
will receive one Warrant for every 3 New Shares
subscribed for. The Warrants are described below
and entitle a holder, upon payment of the Exercise
Price to receive 1 new ordinary share in NZL.
Entitlement ratio (for example 1 for 2) New 1 New Shares
subscribed
for under the
Rights Issue
3
Treatment of fractions
**
Rounded Down
Allotment date 08/03/2023 Institutional Offer
22/03/2023 Retail Offer
Total number of Financial Products of
the Class after the bonus issue
(excluding Treasury Stock)
Maximum 12,844,619 subject to rounding

1
The Quotation date for Rights will usually be the Ex Date (Listing Rule 4.17.6(b)).

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16195066_4
Total number of Financial Products of
the Class held as Treasury Stock after
the bonus issue
N/A
If the Financial Products are
Convertible: Expected Exercise Price
for the convertible
$1.20
If the Financial Products being issued
are Convertible: Expected Exercise
Date of the Convertible
30/11/2025
Section 7: Authority for this announcement (mandatory)
Name of person authorised to make this
announcement

Contact person for this announcement
Contact phone number
Contact email address
Date of release through MAP [dd/mm/yyyy]


* Please do not delete individual rows. Full sections can be deleted if the section relates to a different type of
corporate action
** Please note that in NZX’s systems, standard rounding indicates 0.5 and above round up, below 0.5 round down.
Please contact NZX if you are intending to treat fractions differently.