ARG announces fourth quarter dividend

23 May 2018

MARKET RELEASE
ARG announces fourth quarter dividend

Argosy Property Limited (Company) has announced a final quarter (for the period to 31 March 2018)
cash dividend for the 2018 financial year of 1.550 cents per share. Imputation credits of 0.374394
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 0.169893 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 final quarter dividend of 1.550 cents per share is made up of:
- a fully imputed dividend of 0.962729 cents per share with imputation credits of 0.374394
cents per share attached; and
- an excluded distribution of 0.587271 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 13 June 2018 and the payment date is 27 June 2018.

The Company’s dividend reinvestment plan (DRP) continues to be suspended and will not apply in
respect of this dividend.

The company has paid a total dividend of 6.20 cents per share for the year to 31 March 2018 in
accordance with previous guidance.

Based on current projections for the portfolio, the Board is pleased to be able to provide guidance
for a cash dividend of 6.25 cents per share for the full year to 31 March 2019, an increase of 1% on
the prior year.

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 099622052018
Ordinary sharesNZARGE0010S7
In dollars and cents
Cash
$0.009627
$0.005873
Enter N/A if not
applicable
$Nil$0.003744
NilNil
NZD$0.00169893
$12,818,971.045
Date Payable
27 June, 2018
13 June, 201827 June, 2018