On-market Share Buyback

Capital Change Notice

Updated as at 17 October 2019

Acquisition of Ordinary Shares
This notice is given under NZX Listing Rule 3.13.1 and s 65(2) of the Companies Act 1993, and
relates to the acquisition of ordinary shares in Property for Industry Limited (PFI) under the on-
market share buyback programme announced by PFI to the market on 25 May 2022.
Section 1: Issuer information
Name of issuer Property for Industry Limited
NZX ticker code PFI
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZPFIE0001S5
Currency NZD
Section 2: Capital change details
Number acquired
50,000
Nominal value (if any) Not applicable
Acquisition price per security
$2.5720 (average) in respect
of 50,000 ordinary shares
acquired on NZX
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) Paid in full
Percentage of total class of Financial Products acquired
(calculated on the number of Financial Products of the Class,
excluding any Treasury Stock, in existence)
0.0099%

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 acquisition and specific authority for acquisition
(the reason for change must be identified here)
Acquisition under Board
approved buyback programme
announced on 25 May 2022
Total number of Financial Products of the Class after the
acquisition (excluding Treasury Stock) and the total number of
Financial Products of the Class held as Treasury Stock after
the acquisition.
504,528,535 ordinary shares
None held as treasury stock
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
No
Specific authority for the acquisition, including a reference to
the rule pursuant to which the acquisition is made
Board resolution dated 25 May
2022
NZX Listing Rule 4.14.1(a)
Terms or details of the acquisition (for example: restrictions,
escrow arrangements)
Shares acquired will be
cancelled
Date of acquisition 9 September 2022
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Craig Peirce

Contact person for this announcement Craig Peirce
Contact phone number 09 303 9651
Contact email address peirce@pfi.co.nz
Date of release through MAP

12 September 2022