Allotment of Senior Secured Fixed Rate Green Bonds (ARG010)

28 March 2019

MARKET RELEASE
Allotment of Senior Secured Fixed Rate Green Bonds (ARG010)

For the purposes of Listing Rule 3.13.1, Argosy Property Limited (“Argosy”) is pleased to advise that
the following financial products have been issued on 27 March 2019.
(a) Class of financial product: Senior secured fixed rate green bonds (“ARG010 Bonds”)
ISN: NZARGDT001C6

(b) Number issued: 100,000,000

(c) Nominal value: NZ$100,000,000

(d) Issue price: $1.00 per ARG010 Bond

(e) Payment terms: Cash

(f) Amount paid up: Fully paid

(g) Percentage of class of 100% of the ARG010 Bonds
financial products:

(h) Reason for issue: The proceeds of the offer are intended to be used to refinance
existing bank debt that supports "Green Assets". Green Assets
are office, industrial or retail buildings, including upgrades, that
meet certain criteria established by the Issuer in the Issuer's
"Green Bond Framework".

(i) Authority for issue: Board resolution passed at a meeting dated 19 February 2019.

(j) Terms of issue: As set out in the product disclosure statement dated 20 February
2019 and the final terms sheet dated 22 March 2019 for the offer
of ARG010 Bonds.

(k) Number of
financial products
in existence after issue: 100,000,000

(l) Treasury Stock: Not applicable

(m) Date of issue: 27 March 2019
– 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