NewLake Capital Partners, Inc.

(a) Extension of Stock Repurchase Program

On November 3, 2026, our board of directors authorized an extension of the Company's previously announced share repurchase program. As a result of such extension, the share repurchase program will terminate on December 31, 2028. The dollar value of the shares of common stock that may yet be repurchased under the share repurchase program is approximately $8.2 million.

Purchases made pursuant to the share repurchase program will be made in the open market, in privately negotiated transactions, or pursuant to any trading plan that may be adopted in accordance with Rule 10b-18 of the Securities and Exchange Act of 1934, as amended. The authorization of the share repurchase program does not obligate the Company to acquire any particular amount of common stock. The timing, manner, price and amount of any repurchases will be determined by the Company in its discretion and will be subject to economic and market conditions, stock price, applicable legal requirements and other factors. The share repurchase program may be suspended or discontinued by the Company at any time and without prior notice.

(c) During the three months ended September 30, 2026, none of our Company's directors or officers adopted, modified orterminated any Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408 of Regulation S-K of the Securities Act of 1933).