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Results of Asset Plus Limited Special Shareholder Meeting

29/9/2020, 4:01 pm MEETING

NZX Release

29 September 2020

Results of Asset Plus Limited Special Shareholder Meeting

At Asset Plus Limited’s special shareholder meeting, held virtually today, shareholders were asked to vote on two resolutions, which were supported by the Board.

As required by NZX Listing Rule 6.1, all voting was conducted by a poll.

The resolutions passed by shareholders were:

• That (i) the entry into and performance of the Agreement to Develop and Lease; and the undertaking of the Munroe Lane Development, together with all associated and related agreements, transactions, actions and matters, and incurrence of any expenditure, that are reasonably necessary to perform the Agreement to Develop and Lease and complete the development, construction and leasing of the Munroe Lane Property, by Asset Plus (or any of its wholly-owned subsidiaries), as described or referred to in the Explanatory Notes, be ratified and approved for all purposes (including Listing Rule 5.1.1(b) and section 129 of the Companies Act).

• That the previous issue under Listing Rule 4.5.1 of 40,480,108 fully paid ordinary shares in Asset Plus to investors at an issue price of $0.30 per share on or around 16 September 2020 under the Placement, be approved and ratified for all purposes, including Listing Rule 4.5.1(c).

Details of the total number of votes cast in person or by a proxy holder are:

• That (i) the entry into and performance of the Agreement to Develop and Lease; and the undertaking of the Munroe Lane Development, together with all associated and related agreements, transactions, actions and matters, and incurrence of any expenditure, that are reasonably necessary to perform the Agreement to Develop and Lease and complete the development, construction and leasing of the Munroe Lane Property, by Asset Plus (or any of its wholly-owned subsidiaries), as described or referred to in the Explanatory Notes, be ratified and approved for all purposes (including Listing Rule 5.1.1(b) and section 129 of the Companies Act).

For: 157,761,496 (96.77%)
Against: 5,258,165 (3.23%)
Abstain: 296,039

• That the previous issue under Listing Rule 4.5.1 of 40,480,108 fully paid ordinary shares in Asset Plus to investors at an issue price of $0.30 per share on or around 16 September 2020 under the Placement, be approved and ratified for all purposes, including Listing Rule 4.5.1(c).

For: 21,495,422 (80.33%)
Against: 5,261,817 (19.67%)
Abstain: 10,612

-ENDS-

Results of Asset Plus Limited Special Shareholder Meeting