ARG announces third quarter dividend

28 February 2018

MARKET RELEASE
ARG announces third quarter dividend

Argosy Property Limited (Company) has announced a third quarter (for the period to 31 December
2017) cash dividend for the 2018 financial year of 1.550 cents per share. Imputation credits of
0.315137 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 0.143003 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 0.810351 cents per share with imputation credits of 0.315137
cents per share attached; and
- an excluded distribution of 0.739649 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 14 March 2018 and the payment date is 28 March 2018.

The Company has suspended its dividend reinvestment plan (DRP) as the take up rates are low and
the Company does not require additional equity capital at this time.

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.

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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Amount per security
Currencydividendin dollars and cents
details -
#
NZSX Listing Rule 7.12.7
Total monies
Taxation
Amount per Security in Dollars and cents to six decimal places
In the case of a taxable bonusResident
Imputation Credits
issue state strike priceWithholding Tax(Give details)
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OFFICE USE ONLY
Ex Date:
Commence Quoting Rights:Security Code:
Cease Quoting Rights 5pm:
Commence Quoting New Securities:Security Code:
Cease Quoting Old Security 5pm:
14 March, 201828 March, 2018
28 March, 2018
$Nil$0.003151
NilNil
NZD$0.00143003
$12,818,971.045
Date Payable
28 March, 2018
$0.007396
Enter N/A if not
applicable
NZARGE0010S7
In dollars and cents
Cash
$0.008104
09 304 346909 302 099627022018
Ordinary shares
EMAIL: announce@nzx.com
Notice of event affecting securities
Argosy Property Limited
Dave FraserDirectors' resolution