Asset Plus - Munroe Lane valuation

NZX RELEASE 9 April 2025 Asset Plus – Munroe Lane valuation Asset Plus (NZX: APL) advises that its property at Munroe Lane has been independently valued and has reduced in value from $116.2 million to $107.0 million. The impact of the valuation movement represents a forecast 2.5 cents per share reduction in the NTA to 32.3 cents per share and reflects the continued softening of the office leasing market. The independent valuation, forecast valuation movements and forecast reduction in NTA remain subject to external audit review and will be confirmed in APL’s consolidated financial statements which are expected to be released on 27 May 2025. Announcement authorised by the Board of Asset Plus Limited. -ENDS- For further information, please contact: Mark Francis CEO, Centuria NZ, manager of Asset Plus Limited +64 9 300 6161 Simon Woollams COO, Centuria NZ, manager of Asset Plus Limited +64 9 300 6161 Stephen Brown-Thomas Asset Plus Fund Manager, Centuria NZ, manager of Asset Plus Limited +64 9 300 6161