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NZL Capital Review - Submission Invitation

Capital Review30 September 2025NZLReal Estate

30 September 2025
NZL Capital Review

As recently announced, NZ Rural Land Company Limited (NZL) is conducting a capital review of its strategic options and

has appointed KPMG to undertake this work (Capital Review).

The NZL Board intends for the Capital Review to consider the views of NZL’s shareholders, NZL’s warrant holders, other

NZL stakeholders and other market participants. To this end, the NZL Board invites feedback and perspectives from

interested parties on the full range of capital structure options available to NZL.

Submissions are to be made in writing and directed at the following address:

chair@nzrlc.co.nz

c/o Chair - Rob Campbell

The closing date for submissions is Friday 31 October 2025.

NZL and/or KPMG may reply to submissions to seek clarification or further information, if required. In addition, KPMG

may approach certain market participants directly to seek input.

The NZL Board expects the Capital Review to be completed prior to December 2025.

Rob Campbell

Chair

The Blade, Level 4, 12 St Marks Road, Remuera, Auckland, 1050, New Zealand | +64 9 379 6493

www.nzrlc.co.nz

E: info@nzrlc.co.nz | T: +64 9 217 2905

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.

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