Special dividend

NZX RELEASE

2 December 2024

Special dividend

Asset Plus Limited (NZX: APL) has announced a special (cash) dividend of 5.0 cents per share.

As a result of the 35 Graham Street settlement the Board has assessed all options for the Company at this time. The
Board has determined that there are currently no strategic opportunities of sufficient scale, that would be
compelling for shareholders compared to a partial return of capital to shareholders.

As APL is a PIE, the dividend can be treated as excluded income for New Zealand income tax purposes. Imputation
credits of 0.0277 cents per share will be attached to the dividend representing income tax previously paid by the
Company. Overseas investors will receive an additional supplementary dividend of 0.0126 cents per share to offset
non-resident withholding tax.

The record date for the dividend is 10 December 2024 and the payment date is 18 December 2024.

Announcement authorised by the Board of Asset Plus Limited.

-ENDS-

For further information, please contact:

Mark Francis
CEO, Centuria NZ, manager of Asset Plus Limited
+64 9 300 6161

Simon Woollams
COO, Centuria NZ, manager of Asset Plus Limited
+64 9 300 6161

Stephen Brown-Thomas
Asset Plus Fund Manager, Centuria NZ, manager of Asset Plus Limited
+64 9 300 6161

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Distribution Notice



Section 1: Issuer information
Name of issuer Asset Plus Limited
Financial product name/description Ordinary shares
NZX ticker code APL
ISIN (If unknown, check on NZX website) NZ NAPE 0007S3
Type of distribution
(Please mark with an X in the
relevant box/es)
Full Year Quarterly
Half Year Special X
DRP applies
Record date 10 December 2024
Ex-Date (one business day before the
Record Date)
9 December 2024
Payment date (and allotment date for
DRP)
18 December 2024
Total monies associated with the
distribution
$18,135,890.05
Source of distribution (for example,
retained earnings)
Proceeds from an asset sale
Currency NZD
Section 2: Distribution amounts per financial product
Gross distribution $0.05027709
Gross taxable amount $0.00098961
Total cash distribution $0.05000000
Excluded amount: $0.04928748
Supplementary distribution amount $0.00012574
Section 3: Imputation credits and Resident Withholding Tax
Is the distribution imputed Partial imputation
If fully or partially imputed, please state
imputation rate as % applied
28% on the imputed portion
Imputation tax credits per financial
product
$0.00027709
Resident Withholding Tax per financial
product
N/A
Section 4: Authority for this announcement
Name of person

authorised to make this
announcement
Simon Woollams
Contact person for this announcement Simon Woollams
Contact phone number 09 3006161
Contact email address simon.woollams@centuria.co.nz

Date of release through MAP

2 December 2024