Cleansing Notice

Precinct Properties New Zealand Limited Head Office Wellington Office
E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Level 19, 157 Lambton Quay, Wellington T 0800 400 599
W www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494 2267
19 February 2019

NZX Limited
Level 1, NZX Centre
11 Cable Street
WELLINGTON

NOTICE PURSUANT TO CLAUSE 20(1)(A) OF SCHEDULE 8 TO THE FINANCIAL MARKETS CONDUCT
REGULATIONS 2014

1. Precinct Properties New Zealand Limited ("Precinct") intends to undertake an offer of new
ordinary shares in Precinct by way of:
1.1. a fully underwritten placement to selected investors to raise approximately $130 million; and
1.2. a retail share offer to Precinct’s existing shareholders with an address in New Zealand to
raise up to $20 million (plus up to $10 million in oversubscriptions at its discretion) which is fully
underwritten except for the discretionary oversubscription amount,
(together, the “Offer”).
2. Pursuant to the Offer, an offer for issue is being made to investors in reliance upon the exclusion
in clause 19 of schedule 1 to the Financial Markets Conduct Act 2013.
3. This notice is provided under subclause 20(1)(a) of schedule 8 to the Financial Markets Conduct
Regulations 2014 ("Regulations").
4. As at the date of this notice:
4.1. Precinct is in compliance with the continuous disclosure obligations that apply to it in
relation to ordinary shares in Precinct;
4.2. Precinct is in compliance with its financial reporting obligations (as defined in subclause
20(5) of schedule 8 to the Regulations); and
4.3. there is no information that is "excluded information" as defined in subclause 20(5) of
schedule 8 to the Regulations.
5. The Offer is not expected to have any effect on the "control” (within the meaning of clause 48 of
schedule 1 to the Financial Markets Conduct Act 2013) of Precinct.
On behalf of
Precinct Properties New Zealand Limited



Scott Pritchard
Chief Executive Officer