Allotment of Securities

Capital Change Notice





Section 1: Issuer information
Name of issuer Stride Property Group
NZX ticker code SPG
Class of financial product A stapled security comprising
one ordinary share in Stride
Property Limited (SPL) and one
ordinary share in Stride
Investment Management
Limited (SIML), stapled so that
they may only be dealt with as a
single equity security (a
Stapled Security).
ISIN (If unknown, check on NZX website) NZSPGE0001S2
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed
84,112,150 new Stapled
Securities
Nominal value (if any) N/A
Issue/acquisition/redemption price per security $2.14 per Stapled Security
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)
23.0%
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 new Stapled Securities
pursuant to a share purchase
plan offer of Stapled Securities
announced on 25 November
2020, which was authorised by
resolutions of the Board of each
of SPL and SIML dated 24
November 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.
449,463,828 Stapled Securities

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
Authorised by a resolution of
the Boards of SIML and SPL.
The placement is made
pursuant to NZX Listing Rule
4.5.1 (as modified by the class
ruling and waiver granted by
NZX Regulation on 30
September 2020)
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The issued Stapled Securities
will rank equally with all other
existing fully paid Stapled
Securities.
Date of issue/acquisition/redemption 1 December 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

1 December 2020