PLP – Annual Report 2023

This Annual Report 2023 has been prepared for
the period 1 April 2022 to 31 March 2023 (Year).
Investment Scheme 2
Annual Report 2023
Booster
Private Land
& Property Fund

2www.booster.co.nz
Contents
Section 1 Details of Scheme ..................................................................................3
Section 2 Information on contributions and Scheme participants .........................4
Section 3 Changes relating to the Scheme ...........................................................5
Section 4 Other information for particular types of managed funds ....................6
Section 5 Changes to persons involved in the Scheme ........................................7
Section 6 How to find further information ............................................................7
Section 7 Contact details and complaints ............................................................ 8

3www.booster.co.nz
1. Details of Scheme
Name of the scheme: Booster Investment Scheme 2 (Scheme)
Type of scheme: Other Managed Fund (i.e. a managed fund which is not a KiwiSaver scheme, workplace
savings scheme or superannuation scheme).
Manager: Booster Investment Management Limited (BIML or Manager)
Supervisor: Public Trust
Product Disclosure Statement: The date and status of the latest Product Disclosure Statement for the
Scheme is:
• Booster Investment Scheme 2 – Private Land and Property Fund, dated 13 September 2022 – open for
applications.
Fund Updates: The latest fund update for the Scheme’s Fund for the quarter ended 31 March 2023 was made
publicly available on 3 May 2023.
Financial Statements and Auditor’s Report: The latest financial statements for the Scheme and its auditor
report, covering the financial year 1 April 2022 to 31 March 2023 (Year) were lodged on the scheme register
and are available at www.disclose-register.companiesoffice.govt.nz or at www.booster.co.nz.

4www.booster.co.nz
2. Information on contributions and scheme participants
Units on issue
At the start and at the end of the Year the Scheme had one fund on offer being the Private Land and Property
Fund (the Fund). The number of units on issue in the Fund at the start and at the end of the Year were:
Fund
Units on issue at
1 April
1
2022
Units on issue at
31 March 2023
Private Land and Property Fund 82,137,95097,399,241
Substantial product holders
The Fund is listed on the NZX Main Board under NZX code PLP. Any unitholder that holds more than 5% of
the units in the Fund is considered a substantial product holder.
A list of the substantial product holders and their respective unit holding in the Fund, as at the end of the
Year is as follows:
Substantial product holderUnit holding
Percentage
of holding
Asset Custodian Nominees Limited54,112,24355.56%
PT (Booster KiwiSaver) Nominees Limited on behalf of Booster
KiwiSaver Scheme (a scheme managed by Booster)
27,110,12927.83%
PT (Booster Superannuation) Nominees Limited on behalf of
Booster Super Scheme (a scheme managed by Booster)
10,117,91910.39%
1
Opening units on issue as at 1 April 2022, are the closing units on issue as at 31 March 2022.

5www.booster.co.nz
3. Changes relating to the Scheme
Governing document
No changes were made to the Scheme’s Trust Deed during the Year.
A copy of the Scheme’s Trust Deed is available at www.booster.co.nz.
Terms of the offer
No material changes were made to the terms of the offer of the Scheme’s Fund during the Year.
A copy of the Scheme’s current Product Disclosure Statement is available at www.booster.co.nz.
Statement of Investment Policy and Objectives (SIPO)
There were no changes made to the Scheme’s Statement of Investment Policy and Objectives during the Year.
A copy of the Scheme’s most recent SIPO is available at www.booster.co.nz.
Related party transactions
The Fund fully invests into a separate wholesale portfolio also managed by BIML – the Private Land and
Property Portfolio (Wholesale Portfolio). The Wholesale Portfolio is a managed fund established under the
Booster Investment Scheme, a separate scheme also managed by BIML.
The Fund holds 100% of the units of the Wholesale Portfolio, and the Wholesale Portfolio holds the underlying
investments directly that the investors in the Fund are indirectly exposed to.
The Wholesale Portfolio enters into related party transactions in relation to some of its investments on
occasion. During the Year this included the acquisition of certain orchard properties from a related party for
$17.540m and the lease back of the properties to a related party.
There were no other material changes to the nature or scale of any related party transactions during the Year
and all related party transactions that provided for a related party benefit were on arms’ length terms.
Further information on the Fund can be found in the Scheme’s Product Disclosure Statement and Other
Material Information document available at www.booster.co.nz.

6www.booster.co.nz
4. Other information for particular types of managed funds
Unit prices
2
Fund
Unit price ($)
at 1 April 2022
3
Unit Price ($) at
31 March 2023
Private Land Property Fund1.20281.4002
2 The unit prices shown above are the prices that would have applied to contributions or withdrawals made in the Fund on the specified
date directly with the Manager. The unit prices shown above don’t include PIE tax, contribution fees or termination fees. All other fees
are included. Alternatively, investors can buy or sell units in the Fund on market at the quoted price through an NZX Participant.
The quoted price on the NZX Main Board may differ from the unit price provided by the Fund directly.
3
Opening unit price as at 1 April 2022, is the closing price as at 31 March 2022.

7www.booster.co.nz
6. How to find further information
Information relating to the Scheme is available on the offer register and scheme register at
www.disclose-register.companiesoffice.govt.nz by searching ‘Booster Investment Scheme 2’:
• The offer register includes the product disclosure statement, fund update, other material information and
material contracts for the Scheme.
• The scheme register includes the trust deed, the SIPO, the financial statements and the annual reports for
the Scheme.
To request this annual report and other information about the Scheme and your investment (free of charge):
write to Booster Investment Management Limited,
PO Box 11872, Manners Street, Wellington 6142
email investments@booster.co.nz
call 0800 40 40 50 from 8.00am to 5.00pm (Monday to Friday)
visit www.booster.co.nz
5. Changes to persons involved in the Scheme
The Manager
BIML is the manager, administration manager and investment manager of the Scheme. This did not change
during the Year.
Changes to Directors of the Manager
30 September 2022
Bruce Edgar stepped down from the Board of the Manager.
Richard Kirkland was appointed to the Board of the Manager.
Changes in Senior Management of the Manager
As at the date of preparation of this Annual Report, the Senior Managers of the Manager are as follows:
• Alison Payne, Chief Operating Officer
• Andrew Hughes, Chief Risk Officer
4
• Diana Papadopulos, Chief Customer Officer
4
4
Confirmed as Senior Manager post 31 March 2023 following a review of the organisational structure of the Manager and its parent
Booster Financial Services Limited (‘BFSL’ the parent company of the Manager). At this time Allan Wilson, David Beattie and Gary Scott
were considered as no longer Senior Managers but remain employed by BFSL.
The Supervisor
Public Trust is the Supervisor of the Scheme and this did not change during the Year. There have been
changes to the board members of the Supervisor in the year ended 31 March 2023.
31 October 2022
Vicki Sykes ended her term as a director.
Ian Fitzgerald extended his term as Chair of the Board.
Meleane Burgess extended her term as a director.
Kevin Murphy extended his term as a director.
Other Persons Involved
The Securities Registrar (Link Market Services), the Custodian (PT (Booster Investments) Nominees Limited)
and the Auditor (Ernst and Young) did not change during the Year.
• Mihaela Chitu, Head of Technology Solutions
4
• Natasha Keddie, Head of Finance and Administration
4
• Nicholas Craven, Chief Investment Office
4

8www.booster.co.nz
7. Contact details and complaints
Manager
Chief Operating Officer
Booster Investment Management Limited
Level 19, Aon Centre, 1 Willis Street
PO Box 11872, Manners Street
Wellington 6142
Phone: 0800 336 338
Email: clientservices@booster.co.nz
Supervisor
General Manager, Corporate Trustee Services
Public Trust
Level 2, Public Trust Building,
22-28 Willeston Street,
Private Bag 5902
Wellington 6140
Phone: 0800 371 471
Email: CTS.Enquiry@PublicTrust.co.nz
Manager’s Approved Dispute
Resolution Scheme
Financial Dispute Resolution
Service
Level 4, 142 Lambton Quay
Freepost 231075
PO Box 2272
Wellington 6140
Phone: 0508 337 337
Email: enquiries@fdrs.org.nz
Website: www.fdrs.org.nz
Supervisor’s Approved Dispute
Resolution Scheme
Financial Services Complaints
Limited
Level 4, 101 Lambton Quay
PO Box 5967
Wellington 6140
Phone: 0800 347 257
Email: complaints@fscl.org.nz
Website: www.fscl.org.nz
Securities Registrar’s Approved
Dispute Resolution Scheme
Financial Services Complaints
Limited
Level 4, 101 Lambton Quay
PO Box 5967
Wellington 6140
Phone: 0800 347 257
Email: complaints@fscl.org.nz
Website: www.fscl.org.nz
Booster Investment Management Limited (BIML) is the issuer of the Booster Investment Scheme 2. None of BIML, Public Trust, or any
director, board member or nominee of any of those entities, or any other person guarantees the Scheme’s performance, returns or
repayment of capital. A copy of the Scheme’s Product Disclosure Statement is available at www.booster.co.nz
If you have any queries on your listed securities holdings, you can contact the Securities Registrar on the
contact details below:
Securities Registrar
Link Market Services
Level 30, PwC Tower,
15 Customs Street West
PO Box 91976
Auckland 1142
Phone: 09 375 5998
Email: enquiries@linkmarketservices.co.nz
If you have any queries or complaints about the Scheme, you can contact the Manager (in the first instance),
or the Supervisor, at the contact details below:
If your complaint can’t be resolved by the Manager, the Supervisor or the Securities Registrar, you can refer
it to one of the following approved dispute resolution schemes. They won’t charge you a fee to investigate
or resolve your complaint.

We’re here to help.
To find out more about Booster Investment
Scheme 2, talk to your financial adviser, visit
our website or call us on 0800 40 40 50.
booster.co.nz
Booster Investment Management Limited
PO Box 11872, Manners Street
Wellington 6142, New Zealand