Argosy sets interest rate for Green Bond offer

MARKET RELEASE

Argosy Property Limited (‘Argosy’) has announced that, following a successful bookbuild for its
offer (‘Offer’) of senior secured fixed rate 7 year green bonds ( ‘Green Bonds’), $90 million of
Green Bonds have been allocated to participants in the bookbuild process under the General
Offer of the Green Bonds.

The allocation includes $25 million of oversubscriptions, which is 100% of the amount made
available under the Offer for oversubscriptions.

The interest rate for the Green Bonds has been set at 4.00% per annum, which is the minimum
interest rate set out in the indicative terms sheet for the Green Bonds dated 27 February 2019.
The margin has been set at 1.75% per annum. The Green Bonds are expected to be quoted on
the NZX Debt Market.

The Offer consists of:

• the Priority Offer of up to NZ$10 million, which is only open to New Zealand retail
shareholders of Argosy and is expected to close on 20 March 2019; and
• the General Offer of NZ$90 million, which is open to all investors resident in New
Zealand and is expected to close on 22 March 2019. There will be no public pool for the
Green Bonds offered under the General Offer.

A copy of the PDS is available now and a copy of the final terms sheet for the Offer will be
available once it is issued on or around 22 March 2019, in each case at
www.argosy.co.nz/greenbondoffer
or by contacting any of the Joint Lead Managers.

Investors can register their interest by contacting any of the Joint Lead Managers listed below
or their usual financial adviser. Indications of interest will not involve an obligation or
commitment to acquire the Green Bonds.
ENDS –

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

6 March

2019


ARGOSY SETS INTEREST RATE FOR GREEN BOND OFFER