Market Update

The Blade, Level 4, 12 St Marks Road, Remuera, Auckland, 1050, New Zealand | +64 9 379 6493
www.nzrlc.co.nz
10 March 2023
Market Update
Capital Change Notices
New Zealand Rural Land Company Limited (NZL) has completed the allotment of shares and warrants under
the institutional offer component (Institutional Offer) of its accelerated renounceable entitlement offer. A total of
$10.486 million was raised.
A capital change notice detailing these allotments was released to the NZX on 9 March 2023.
Retail Offer
The retail offer opened on Monday, 6 March 2023, and is scheduled to close on Wednesday, 15 March 2023 at
5:00pm (NZT). As at 9 March 2023, approximately 14% of the shareholders have taken up their full entitlements
and 30% of these shareholders have also applied for additional shares.
Dividend Reminder
A dividend of 2.03 cents per share for the six-month period ending 31 December 2022 was announced on
Wednesday, 1 March 2023 and will be paid today, Friday, 10 March 2023. Holders of the new shares allotted under
the institutional offer are not entitled to receive this dividend.
NZL thanks all shareholders for their support.