Allotment of Securities

Capital Change Notice




Section 1: Issuer information
Name of issuer Investore Property Limited
NZX ticker code IPL
Class of financial product Ordinary shares in Investore
Property Limited
ISIN (If unknown, check on NZX website) NZIPLE0001S3
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 51,515,152 ordinary shares
Nominal value (if any) N/A
Issue/acquisition/redemption price per security $1.65
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) N/A
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the number of
Financial Products of the Class, excluding any Treasury
Stock, in existence)
16.92%
For an issue of Convertible Financial Products or Options, the
principal terms of Conversion (for example the Conversion
price and Conversion date and the ranking of the Financial
Product in relation to other Classes of Financial Product) or
the Option (for example, the exercise price and exercise date)
N/A
Reason for issue/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the reason for
change must be identified here)
Issue of shares pursuant to
placement of Investore ordinary
shares announced on 29 April
2020, authorised by a Board
resolution dated 29 April 2020
Total number of Financial Products of the Class after the
issue/acquisition/redemption/Conversion (excluding Treasury
Stock) and the total number of Financial Products of the
Class held as Treasury Stock after the
issue/acquisition/redemption.
356,013,821
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
N/A
Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
NZX Listing Rule 4.5.1 (as
modified by the class ruling and
waiver released by NZX on 19
March 2020)
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The issued shares rank equally
with existing fully paid ordinary
shares.
Date of issue/acquisition/redemption 5/5/2020

Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Louise Hill
Contact person for this announcement Louise Hill
Contact phone number 0275580033
Contact email address Louise.hill@strideproperty.co.nz
Date of release through MAP

5/5/2020