Capital Change Notice

Capital Change Notice




Section 1: Issuer information
Name of issuer Argosy Property Limited
("Argosy")
NZX ticker code ARG030
Class of financial product Senior secured fixed rate
green bonds ("ARG030
Bonds")
ISIN (If unknown, check on NZX website) NZARGDT003C2
Currency New Zealand Dollars ($)
Section 2: Capital change details
Number issued/acquired/redeemed 125,000,000
Nominal value (if any) NZ$125,000,000
Issue/acquisition/redemption price per security NZ$1.00
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) Fully paid up
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)
100%
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)
Not applicable
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
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, owned or
undertaken by Argosy or its
subsidiaries that meet the
criteria established in Argosy's
"Green Bond Framework"
dated 7 February 2019 (as
amended from time to time).
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.
125,000,000
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
Not applicable

Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
Directors' resolutions passed
dated 9 October 2020.
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
As set out in the Final Terms
Sheet dated 16 October 2020
for the offer of ARG030 Bonds.
Date of issue/acquisition/redemption 27/10/2020
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Stephen Freundlich
Contact person for this announcement Stephen Freundlich
Contact phone number 09 304 3426
Contact email address sfreundlich@argosy.co.nz
Date of release through MAP

27/10/2020