Allotment of Shares under the Dividend Reinvestment Plan

The Blade, Level 4, 12 St Marks Road, Remuera, Auckland, 1050, New Zealand | +64 9 379 6493
www.nzrlc.co.nz
NEW ZEALAND Rural Land Co
WWW.NZRLC.CO.NZ
18 March 2022
Allotment of Shares under the Dividend Reinvestment Plan
New Zealand Rural Land Company Limited (NZX.NZL) provides the attached Capital Change Notice pursuant to NZX
Listing Rule 3.13.1. This Notice relates to the issue of 162,004 ordinary shares under NZL’s Dividend Reinvestment Plan, dated
8 February 2022, in respect of the FY22 interim dividend.
ENDS
For further information please contact:
Christopher Swasbrook
Director
Mobile: 021 928 262
Email: chris@nzrlc.co.nz

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Template
Capital Change Notice
Updated as at 17 October 2019
14477594_1
Section 1: Issuer information
Name of issuer New Zealand Rural Land
Company Limited
NZX ticker code NZL
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZNZLE0001S2
Currency NZD
Section 2: Capital change details
Number issued 162,004
Nominal value (if any) N/A
Issue/acquisition/redemption price per security $ 1.1832
Nature of the payment (for example, cash or other
consideration)
Cash, pursuant to the Dividend
Reinvestment Plan dated 8
February 2022
Amount paid up (if not in full) N/A
Percentage of total class of Financial Products issued
(calculated on the number of Financial Products of the Class,
excluding any Treasury Stock, in existence)
1
0.1672%
For an issue of Convertible Financial Products or Options, the
principal terms of Conversion (for example the Conversion
price and Conversion date and the ranking of the Financial
Product in relation to other Classes of Financial Product) or the
Option (for example, the exercise price and exercise date)
N/A
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Shares were issued pursuant
to the Dividend Reinvestment
Plan dated 8 February 2022 in
respect of the interim dividend
for FY22.
Total number of Financial Products of the Class after the issue
(excluding Treasury Stock) and the total number of Financial
Products of the Class held as Treasury Stock after the
issue/acquisition/redemption.
97,062,004
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
N/A
Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
Dividend Reinvestment Plan
dated 8 February 2022 and
Board Resolution dated 20
February 2022.
1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The shares were issued
pursuant to the terms of the
Dividend Reinvestment Plan
dated 8 February 2022
Date of issue/acquisition/redemption
2
18/03/2022
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement Christopher Swasbrook
Contact person for this announcement Christopher Swasbrook
Contact phone number 021 928 262
Contact email address chris@nzrlc.co.nz
Date of release through MAP18/03/2022
2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).