ARG announces second quarter dividend

21 November 2017

MARKET RELEASE
ARG announces second quarter dividend

Argosy Property Limited (Company) has announced a second quarter (for the period to 30
September 2017) cash dividend for the 2018 financial year of 1.550 cents per share. Imputation
credits of 0.327195 cents per share will be attached to the dividend representing income tax paid by
the Company. Overseas investors will receive an additional supplementary dividend of 0.148475
cents per share to offset non resident withholding tax.

As Argosy is a PIE the dividend is able to be treated as excluded income for New Zealand income tax
purposes. For shareholders who choose to include the dividend in their New Zealand income tax
return the Company’s first quarter dividend of 1.550 cents per share is made up of:
- a fully imputed dividend of 0.841360 cents per share with imputation credits of 0.327195
cents per share attached; and
- an excluded distribution of 0.708640 cents per share.
(Shareholders who treat the entire dividend as excluded income for New Zealand income tax
purposes will not be able to claim the imputation credits).

The record date for the dividend is 6 December 2017 and the payment date is 20 December 2017.

The dividend reinvestment plan (“DRP”) will continue but no discount will be applied to the price at
which shares will be issued under the DRP for this dividend.

Based on current projections for the portfolio, a dividend of 6.20 cents per share is expected to be
paid for the year to 31 March 2018.

Shareholders wishing to participate in the DRP for the dividend on 20 December 2017 - and who
haven’t notified the Company’s Registrar, Computershare Investor Services Limited, of their
intention - are required to do so by completing an Election Notice or Notice of Change or Withdrawal
(as appropriate) in time to be received before 5.00pm, 6 December 2017. Election Notices and
Notices of Change or Withdrawal received by the Registrar on or after 5.00pm, 6 December 2017
will not apply to the 20 December 2017 dividend but will take effect for future dividends.
An Election Notice can be obtained by contacting Computershare on (09) 488 8777.
– ENDS –


Press enquiries
Peter Mence
Chief Executive Officer
Argosy Property Limited
Telephone: 09 304 3411
Email: pmence@argosy.co.nz

Dave Fraser
Chief Financial Officer
Argosy Property Limited
Telephone: 09 304 3469
Email: dfraser@argosy.co.nz

Stephen Freundlich
Head of Investor Relations
Argosy Property Limited
Telephone: 09 304 3426
Email: sfreundlich@argosy.co.nz

---

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EMAIL: announce@nzx.com
Notice of event affecting securities
Argosy Property Limited
Dave FraserDirectors' resolution
09 304 346909 302 099620112017
Ordinary sharesNZARGE0010S7
In dollars and cents
Cash
$0.008414
$0.007086
Enter N/A if not
applicable
$Nil$0.003272
NilNil
NZD$0.00148475
$12,803,303.769
Date Payable
20 December, 2017
6 December, 201720 December, 2017
20 December, 2017