Private Land and Property Fund announces significant unit redemption

The Private Land and Property Fund (PLP) announced on November 5, 2025, the redemption of 624,398 ordinary units. This transaction, executed at an issue/acquisition/redemption price of NZD 1.2932 per security, represents a 0.381% reduction in the total units on issue from the previous day. The redemption was conducted for cash, with units fully paid, and falls under PLP's status as a continuous issuer.

Following this redemption, the total number of financial products in the class stands at 163,230,557 units. The units involved in this transaction rank pari passu with existing units. The effective date of application for these changes was November 3, 2025.

Gary Scott, authorized to make this announcement, can be reached at 04 894 4300 or gary.scott@booster.co.nz for further inquiries.