Argosy considers Green Bond Offer

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MARKET RELEASE

Argosy Property Limited (‘Argosy’) is considering making an offer (‘Offer’) of up to $75,000,000 (with
the ability to accept up to an additional $25,000,000 of oversubscriptions at Argosy's discretion) of
senior secured fixed rate 7 year green bonds ('Green Bonds') to New Zealand retail and institutional
investors.

It is expected that full details of the Offer will be released in the week commencing 14 October
2019, when the Offer is expected to open.

No money is currently being sought and no Green Bonds can be applied for until the Offer opens.

Any Offer will be made in accordance with the Financial Markets Conduct Act 2013 as an offer of
debt securities of the same class as existing quoted debt securities. The Green Bonds are
expected to be quoted on the NZX Debt Market.

Argosy has appointed ANZ Bank New Zealand Limited (‘ANZ’) as Arranger and ANZ, together with
Forsyth Barr Limited, Jarden Securities Limited and Hobson Wealth Partners Limited as Joint Lead
Managers in relation to the Offer.

Investors can register their interest in the Offer by contacting a Joint Lead Manager as detailed
below, or their financial adviser. Indications of interest will not constitute an obligation or
commitment of any kind.

Any Green Bonds issued by Argosy under the Offer (if made) will be issued in accordance with
Argosy's Green Bond Framework.


ARRANGER & JOINT LEAD MANAGERS
JOINT LEAD MANAGER



0800 269 476 0800 367 227 0800 005 678 0800 742 737




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

11 October 2019


ARGOSY CONSIDERS GREEN BOND OFFER