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Director Independence Determination

Director Appointment20 October 2025APLReal Estate

NZX RELEASE
21 October 2025


Director Independence Determination


Asset Plus Limited (NZX:APL) advises that Allen Bollard has agreed to become a director of Centuria

Funds Management (NZ) Limited, the external manager of Asset Plus.


While Mr Bollard will remain a director of Asset Plus Limited, in accordance with Listing Rule 2.6.1, the

Board has determined that Mr Bollard is no longer an independent director. The Board continues to

consist of a majority of independent directors, being Bruce Cotterill, Carol Campbell and Paul Duffy.


-ENDS-


For further information please contact:


Bruce Cotterill

Chairman

Asset Plus Limited

T +64 9 300 6161

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