Please see attached a capital change notice in relation to the buyback of 71,119 ordinary shares in New Zealand Rural Land Company Limited (NZX.NZL) under the on-market share buyback programme announced to the market on 26 May 2023.

NZL has acquired a total of 430,122 shares under the on-market share buyback programme and may acquire up to a further 4,919,878 shares under this programme.

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