Updated NZLWA Quotation Notice

Following the announcement released by New Zealand Rural Land Company Limited (“NZL”) on Monday, 9 June 2025, the attached is the updated version of the quotation notice. UPDATED QUOTATION NOTICE: NZX MAIN BOARD NEW ZEALAND RURAL LAND COMPANY LIMITED (“NZL”) WARRANTS Company: New Zealand Rural Land Company Limited (“NZL”) Warrants Security Code: NZLWA ISIN: NZNZLE0005S3 Details of Security to be Quoted: Up to 12,844,619 new warrants to subscribe for ordinary shares Ratio (Warrants:Shares): 1 new warrant for every 3 ordinary shares subscribed for under the announced Accelerated Renounceable Entitlement Offer. Exercise Price: $1.20 Conversion Ratio of Warrants: Each warrant gives the holder a right to buy one ordinary share in NZL upon payment of the Exercise Price up to and including the Exercise Date. Record Date: N/A – NZLWA will be issued to holders who participated in the Accelerated Renounceable Entitlement Offer as per the Ratio above. Allotment Date: Wednesday, 8 March 2023 - Institutional Offer Wednesday, 22 March 2023 - Retail Offer Last Trading Date: Friday, 26 November 2027 Exercise Date: Tuesday, 30 November 2027. Holders can exercise their warrants up to and including the Exercise Date. Registrar: MUFG Pension & Market Services (“LNKT”) Settlement Status: NZCDC Settlement System Mailing of Warrants Holding Statements: No later than: Wednesday, 15 March 2023 - Institutional Offer Wednesday, 29 March 2023 - Retail Offer Expected Commencement of Trading on the NZX Main Board: Thursday, 23 March 2023 Mark Peterson Chief Executive Officer NZX Limited 09 06 2025