Dean Bracewell Appointed as Independent Director

NZX and media
announcement
—
29 November 2019



DEAN BRACEWELL APPOINTED AS
INDEPENDENT DIRECTOR

Property for Industry Limited (PFI, the Company) is pleased to announce the appointment of Dean
Bracewell to the PFI Board, with effect from today.

Dean is currently a Director of Tainui Group Holdings Limited and has recently been appointed to the
Executive Board of the Halberg Foundation. He is also involved in an advisory role to the Ministry of
Transport.

From 1999 through to 2017, Dean was Managing Director of Freightways Limited (Freightways). During
that time, he took Freightways through several ownership changes and, by the end of his time as
Managing Director, the company had achieved significant growth resulting in a market capitalisation of
$1.2 billion. In addition to his Managing Director role, Dean was also a director of the public policy think
tank “The New Zealand Initiative” and its predecessor the “New Zealand Business Roundtable” from
2011 to 2015.

Dean’s appointment is part of the PFI Board’s ongoing succession plan, which seeks to balance
technical and specialist governance skills, whilst at the same time maintaining a Board with strong,
practical, commercial capability and diversity of experience.

“It is a huge pleasure to welcome Dean to the PFI Board,” said PFI Chairman Anthony Beverley. “Dean’s
experience aligns well with the core businesses of many of our tenants, and his track record of strong
organic growth combined with innovation, alliances and acquisitions will be invaluable as we look to
realise our vision for PFI to be one of New Zealand’s foremost listed property vehicles.”

In accordance with NZX Listing Rule 2.6.1, the PFI Board has determined that Dean is an Independent
Director.

PFI’s constitution and the NZX Listing Rules require that any person appointed as a Director by the
Board must retire at the next Annual Meeting but shall be eligible for election at that meeting.
Accordingly, Dean will retire and seek election by shareholders at PFI’s Annual Meeting in May 2020.

ENDS

ABOUT PFI & CONTACT

PFI is an NZX listed property vehicle specialising in industrial property. PFI’s nationwide portfolio of 94 properties is leased to
148 tenants.

For further information please contact:

SIMON WOODHAMS CRAIG PEIRCE
Chief Executive Officer Chief Finance and Operating Officer
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Phone: +64 21 749 770 Phone: +64 21 248 6301
Email: woodhams@propertyforindustry.co.nz Email: peirce@propertyforindustry.co.nz
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Property for Industry Limited
Shed 24, Prince’s Wharf, 147 Quay Street, Auckland 1010
PO Box 1147, Shortland Street, Auckland 1140
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www.propertyforindustry.co.nz