Announcement

CORPACT: APL: Interim Quarter Dividend 12:03pm 
APL
16/02/2021 12:03
CORPACT
PRICE SENSITIVE
REL: 1203 HRS Asset Plus Limited

CORPACT: APL: Interim Quarter Dividend

NZX RELEASE
Tuesday, 16 February 2021

INTERIM QUARTER DIVIDEND

Asset Plus Limited has provided a distribution notice in relation to the
Company's dividend declared for the quarter ended 31 December 2020.

The gross dividend for the quarter is 0.56 cents per share. The dividend
consists of 0.45 cents per share of cash with 0.11 cents per share of
imputation credits attached.

The record date for this dividend will be 24 February 2021 with payment to be
made to shareholders on 3 March 2021.

The Company will also pay a supplementary dividend of 0.05004 cents per share
in relation to non-resident shareholders.

A supplementary dividend is paid to non-resident shareholders to offset the
amount of non-resident withholding tax (NRWT) that New Zealand companies are
required to deduct from dividends paid to non-resident shareholders. A
supplementary dividend is paid to ensure equitable treatment between
non-resident shareholders and resident shareholders (whose dividends are not
subject to NRWT).

The Board expects to maintain dividends at this level but will continue to
review quarterly dividend payments with reference to the activities and
earnings of the business during future quarters. As previously indicated the
Board is currently working on a dividend reinvestment plan and will look to
implement in the near term.

-ENDS-

For further information please contact:

Simon Woollams
Chief Financial Officer, Augusta Funds Management Limited, Manager of Asset
Plus Limited
T (09) 300 6161
F (09) 300 6162
E simon@augusta.co.nz
End CA:00367657 For:APL Type:CORPACT Time:2021-02-16 12:03:17

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