Director Independence Determination

NZX RELEASE 21 October 2025 Director Independence Determination Asset Plus Limited (NZX:APL) advises that Allen Bollard has agreed to become a director of Centuria Funds Management (NZ) Limited, the external manager of Asset Plus. While Mr Bollard will remain a director of Asset Plus Limited, in accordance with Listing Rule 2.6.1, the Board has determined that Mr Bollard is no longer an independent director. The Board continues to consist of a majority of independent directors, being Bruce Cotterill, Carol Campbell and Paul Duffy. -ENDS- For further information please contact: Bruce Cotterill Chairman Asset Plus Limited T +64 9 300 6161