Dividend Reinvestment Plan Introduced

IMMEDIATE – 28 June 2023

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Dear Shareholders,
Dividend Reinvestment Plan
Investore Property Limited (Investore) has recently adopted a
Dividend Reinvestment Plan (Plan). Investore invites all eligible
shareholders to apply to participate in the Plan, should they
choose to do so.
The Plan provides eligible shareholders with an opportunity
to invest the net proceeds of the cash dividends payable on
their shares in additional fully paid ordinary shares in Investore
(Shares). The Plan lets eligible shareholders conveniently
increase their shareholding in Investore without incurring
brokerage fees.
Participation in the Plan is entirely optional for eligible
shareholders. You may elect to participate in the Plan in respect
of all or part of your Shares. If you elect to participate only in
respect of part of your Shares, you will continue to receive cash
dividends in respect of the remainder of your Shares.
The Plan is only available to eligible shareholders, being
shareholders with a registered address in New Zealand or
Australia (as at the record date for a particular dividend), as
further described in clause 2.1 of the Dividend Reinvestment
Plan Offer Document (Offer Document) which accompanies
this letter.
If you do not wish to participate in the Plan and you wish to
continue to receive dividends in cash, you do not need to do
anything, and you will continue to receive all future dividends
as cash.
To participate in the Plan, eligible shareholders should:
• Read the Offer Document, including the full terms and
conditions of the Offer; and
• Apply online by visiting the website of Investore’s
share registrar, Computershare Investor Services:
www.investorcentre.com/nz. Once you have logged in,
select “My Profile”, then “Reinvestment Plans” from the
left-hand menu. Select Investore Property Limited in the
holding line and “Apply” to select your participation level.
Further information is available in the accompanying Offer
Document; or
• Complete the participation form accompanying this letter
and send to the Investore share registrar by mail or email.
Details are set out in the participation form.
The Plan may apply in respect of any dividend declared by
Investore on or after 28 June 2023.
Please read the Offer Document thoroughly and consult your
own financial adviser if you have any questions.
If you have any questions, please contact Investore
(+64 9 912 2690 or admin@investoreproperty.co.nz) or
Investore’s share register, Computershare Investor Services
(+64 9 488 8777 or enquiry@computershare.co.nz).
We look forward to your participation in the Plan and thank you
for your ongoing support of Investore Property Limited.
Yours sincerely
Letter to
Shareholders
Mike Allen
Chair, Investore Property Limited
Investore Property Limited

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Dividend
Reinvestment
Plan
Offer Document
28 June 2023
This is an important document, prepared in accordance with
the Financial Markets Conduct Act 2013 and Financial Markets
Conduct Regulations 2014, and contains a description of the
Investore Property Limited Dividend Reinvestment Plan and
its terms and conditions. If you have any questions in relation
to the Investore Property Limited Dividend Reinvestment Plan,
please consult your financial adviser.

Contents
Capitalised terms have the meaning
given in the glossary on page 88.
2 Key Features
4 Terms and Conditions
9 Directory
Investore Property LimitedDRP Offer Document1

Shares instead of dividends
The Investore Property Limited (Investore) Dividend
Reinvestment Plan (Plan) provides you, as a holder of shares
in Investore, with an opportunity to invest the net proceeds of
the cash dividends payable on your shares in additional fully
paid ordinary shares in Investore (Shares). This is a convenient
method of increasing your investment in Investore by acquiring
further Shares free of brokerage charges.
If you wish to continue to receive dividends declared by Investore
in cash, no action is required.
Additional Shares acquired under the Plan may, at the discretion
of the board of directors of Investore (the Board), be new Shares
issued by Investore, existing Shares acquired by Investore or
its nominee or agent, or any combination of new Shares and
existing Shares.
Eligibility
The Plan is only available to holders of Shares in Investore (each
a Shareholder) who are Eligible Shareholders in accordance with
clause 2.1 of this Offer Document.
The Board, in its discretion, has elected not to offer participation
under the Plan to Shareholders whose registered address is
outside New Zealand or Australia. Shareholders outside of New
Zealand and Australia have been excluded to avoid a risk of
breaching the laws of other countries. However, the Board may
amend this policy at any time, in its sole discretion. Participation
in the Plan is optional at the election of an Eligible Shareholder.
Full or partial participation
You may elect to participate in the Plan in respect of all or part of
your Shares.
Flexible joining, variation and withdrawal
arrangements
Eligible Shareholders can join the Plan, vary their participation or
withdraw from the Plan at any time by making an online election
or forwarding a written notice to that effect to Investore’s share
registrar, Computershare Investor Services Limited (the Share
Registrar).
You have until 5.00pm (New Zealand time) on the Business Day
following a record date for a dividend to elect to participate in the
Plan for that dividend. Any notice received after 5.00pm
(New Zealand time) on the Business Day following a record
date for a dividend will be effective only from the next following
dividend. For the purposes of this Offer Document, “Business
Day” has the meaning given to it in the NZX Listing Rules.
If you are an Eligible Shareholder and wish to participate in
the Plan you must complete the Participation Form which is
enclosed with this Offer Document and return it to the
Share Registrar, at Private Bag 92119, Victoria Street West,
Auckland 1142 or by scanning and emailing it to
drp@computershare.co.nz. Alternatively, you can elect to
participate online by visiting the website of the Share Registrar at
www.investorcentre.com/nz.
Shareholders will need their CSN/Holder number and
Authorisation Code (FIN) to complete the investor validation
process.
A new Participation Form (available from the
Investor Centre section of Investore’s website at
www.investoreproperty.co.nz or, on request, by contacting the
Share Registrar at the address set out in the Directory) will need
to be completed if you wish to vary your participation in the Plan.
Application of the Plan
The Board will determine whether the Plan will apply to a
particular dividend. If the Board determines that the Plan will
apply to a particular dividend, then the Plan will apply to you if:
• You are an Eligible Shareholder and you have previously
elected to participate in the Plan, and you have not
withdrawn from the Plan as at 5.00pm (New Zealand time)
on the Business Day following the record date for that
particular dividend; or
• You are an Eligible Shareholder and you elect to participate
in the Plan by 5.00pm (New Zealand time) on the Business
Day following the record date for that particular dividend.
If the Board determines that the Plan will not apply to a particular
dividend, then notwithstanding that you may
have elected to participate in the Plan, the Plan will not
apply to that particular dividend, and you will receive the dividend
declared by Investore in cash.
Shares at or around market price
Under the Plan, additional Shares acquired by participating
Eligible Shareholders in respect of a dividend will be acquired
at a price based on the trading price of the Shares or, at the
Board’s discretion, at a discount of up to 5% as determined by
the Board from time to time.
Shares acquired rank equally and
may be sold
Additional Shares acquired under the Plan will rank equally
in all respects with existing Shares issued by Investore and
may be sold at any time in accordance with their terms of issue.
Details will be sent to you
If you elect to participate in the Plan, details of your total
entitlement and the number of Shares acquired by you under
the Plan will be sent to you after each dividend payment.
Dividend policy
Details of Investore’s dividend policy will be available on its
website at www.investoreproperty.co.nz.
Non-standard designation
Investore has been designated as a “Non-Standard” (NS)
issuer by NZX. A copy of the waivers granted by NZX from
NZX Listing Rules 2.2.1 to 2.8.1 and 2.10.1 in respect of
Investore’s “NS” designation can be found at
www.nzx.com/companies/IPL/documents.
Key Features
Investore Property LimitedInvestore Property LimitedDRP Offer DocumentDRP Offer Document23

1. Introduction
The Board has approved the establishment of the Investore
Property Limited (Investore) Dividend Reinvestment Plan
(the Plan). Under the Plan, holders of ordinary shares in Investore
(Shares) may elect to forgo their right to dividends on all or any
of their fully paid ordinary Shares in Investore and receive fully
paid ordinary Shares in Investore (Additional Shares) instead.
This Offer Document sets out the terms and conditions of the
Plan and is issued in compliance with the exclusion for dividend
reinvestment plans contained in Schedule 1 to the Financial
Markets Conduct Act 2013 and the Financial Markets Conduct
Regulations 2014. Accordingly, no product disclosure statement
or prospectus is required in respect of the Plan.
2. The Offer
2.1 Offer to Eligible Shareholders
Subject to clauses 2.4 to 2.6, the Board may from time to time
invite Shareholders to participate in the Plan. A Shareholder will
be eligible to participate in the Plan if they:
• have a registered address with the Share Registrar in
New Zealand or Australia as at the record date for a
particular dividend; and
• they have lodged a Participation Form in accordance with
clause 3.1,
unless that person holds Shares only on behalf of another person
who resides outside New Zealand or Australia and that other
person would not themselves be an Eligible Shareholder under
this clause 2.1 (each an Eligible Shareholder).
2.2 Available options
Eligible Shareholders may elect to participate in the Plan by
exercising one of the following options:
• Full Participation
If you elect full participation, participation in the Plan will
apply to all of your Shares.
• Partial Participation
If you elect partial participation, only the proportion of
Shares nominated by you will be eligible for participation in
the Plan. An election of partial participation is an election
for partial participation of Shares in Investore, rounded to
the nearest whole number. If the fraction is one half, the
number will be rounded up to the next whole number.
• Non-Participation
If you do not wish to participate and you wish to receive
dividends in cash, you are not required to do anything.
2.3 Information for overseas shareholders
This document does not constitute an offer of Additional Shares
in any jurisdiction in which it would be unlawful. In particular, this
document may not be distributed to any person, and the Additional
Shares may not be offered or sold, in any country outside
New Zealand or Australia except to the extent permitted below.
Australia
The offer of Additional Shares under the Plan does not need
disclosure for the purposes of section 706 of the Corporations
Act 2001 (Cth). The contents of this Offer Document have
not been reviewed, approved or registered by the Australian
Securities and Investments Commission (ASIC) or any other
regulatory authority in Australia.
Australian resident shareholders should note that Investore
is not licensed to provide financial product advice in relation
to the Additional Shares offered under the Plan and this Offer
Document does not constitute financial product advice. This
Offer Document does not take into account shareholders’
personal objectives, financial situations or needs. Shareholders
should consider obtaining their own financial product advice in
relation to the offer from an independent person who is licensed
by ASIC to give such advice. There is no cooling-off regime that
applies in respect of the acquisition of Additional Shares offered
under the Plan.
2.4 Ability to exclude overseas shareholders from the
Plan
The Board may, in its absolute discretion, elect not to offer
participation under the Plan to shareholders whose address is
outside New Zealand if the Board considers:
• that to do so would risk breaching the laws of places
outside New Zealand; and
• it would be unduly onerous having regard to the associated
costs of ensuring that the laws of those places are complied
with.
2.5 Representations and warranties from
overseas shareholders
Shareholders who participate in the Plan and who are located
outside New Zealand or Australia represent and warrant to
Investore that the offer of the Plan and their participation in it
would not breach any laws in their country of location.
Any person located outside New Zealand or Australia who holds
Shares through a New Zealand or Australian resident nominee
should not allow their nominee to participate in the Plan if
participation in respect of their Shares would be contrary to the
laws of their country of location.
Any person located outside New Zealand or Australia
who participates in the Plan through a New Zealand or Australian
resident nominee will be deemed to represent and warrant
to Investore that they can lawfully participate through their
nominee.
2.6 Exclusion where liens or charges over shares
Any Shares over which Investore has a lien or charge in
accordance with Investore’s constitution or other requirements of
law will not be eligible to participate in the Plan.
3. Method of Participation
3.1 Participation Form
To participate in the Plan, Eligible Shareholders must make a
participation election in one of the following ways:
• Online Election – by visiting the website of Investore’s
Share Registrar, Computershare Investor Services:
www.investorcentre.com/nz
Once you have logged in, you should select
“My Profile”, then “Reinvestment Plans” from the left-hand
menu. Select Investore Property Limited in the holding
line and “Apply” to select your participation level. If you do
not have an Investor Centre account, you will need your
CSN/Holder Number and Authorisation Code (FIN) to
complete the investor validation process. If you don’t
have this information available, you can email
enquiry@computershare.co.nz or phone
+64 9 488 8777. If you make an online election, you will
be required to confirm that you have read, understood and
complied with the terms and conditions of the Plan; or
• Participation Form – by completing the Participation Form
which accompanies this Offer Document in accordance
with the instructions on that notice and forwarding it to the
Share Registrar in one of the following manners:
Mail
Investore Property Limited
c/- Computershare Investor Services Limited
Private Bag 92119
Victoria Street West
Auckland 1142
New Zealand
Scan and email
drp@computershare.co.nz
Terms and Conditions
3.2 Participation cut-off
Participation will be effective for all Eligible Shareholders for
all dividends payable after receipt by the Share Registrar of
a properly completed Participation Form, provided that the
Participation Form is received no later than 5.00pm
(New Zealand time) on the Business Day after the record date
for the next payable dividend. Any notice received after 5.00pm
(New Zealand time) on the Business Day following a record
date for a dividend will be effective only from the next following
dividend.
4. Additional Share Entitlement
4.1 General
The number of Additional Shares to be acquired by an Eligible
Shareholder who has elected to participate in the Plan will be:
• based on the net amount of the dividend the Shareholder
would otherwise have received; and
• calculated on the basis that the issue price of the Additional
Shares will be the market price of Shares less a discount (if
any), as determined in accordance with the formula set out
in clause 4.2.
4.2 Formula for calculation of number of
Additional Shares
The number of Additional Shares to be acquired by an Eligible
Shareholder who has elected to participate in the Plan will be
calculated in accordance with the following formula:
Additional Shares =

Where:
S is the number of Shares in Investore in respect of which an
election to participate in the Plan has been made by the Eligible
Shareholder.
D is the amount of the dividend (expressed in cents and fractions
of cents and after deduction of any amounts of resident
withholding, or other taxes, if any, payable by Investore in respect
of the dividend) payable per Share in Investore (including any
supplementary dividend and excluding the amount of any
imputation credits attached to that dividend) which would
otherwise have been payable to an Eligible Shareholder if the
Eligible Shareholder had not elected to participate in the Plan.
B is the amount (if any) held to the order of the Eligible
Shareholder under the Plan in accordance with clause 4.3
below as a result of rounding the number of Additional Shares
to be acquired by the Eligible Shareholder when the Plan last
operated.
Investore Property LimitedInvestore Property LimitedDRP Offer DocumentDRP Offer Document45

C is the volume weighted average sale price for Shares
(expressed in cents and fractions of cents) calculated on all
sales of Shares which took place through the NZX main board
market (NZX Main Board) operated by NZX Limited (NZX) on
the five trading days commencing on the Ex Date (which has
the meaning given to it in the NZX Listing Rules). If no sales of
Shares occur during the five trading days commencing on the
Ex Date, then the volume weighted average sale price shall be
deemed to be the first sale price for a Share which took place on
the NZX Main Board after the Ex Date.
Any volume weighted average sale price so determined may
be reasonably adjusted by the Board to allow for any bonus or
dividend or other distribution expectation. If, in the opinion of the
Board, any exceptional or unusual circumstances have artificially
affected the volume weighted average sale price so determined,
the Board may make such adjustment to that sale price as it
considers reasonable.
E is the percentage discount (if any) determined by the Board
from time to time in its absolute discretion, expressed as a
decimal, provided that such percentage discount (if any) shall
not exceed 5% (0.05).
4.3 Fractional entitlements
Where the number of Additional Shares to be acquired by a
participating Eligible Shareholder calculated in accordance with
the formula in clause 4.2 includes a fraction, then the number of
Additional Shares to be acquired shall be rounded down to the
nearest whole number.
Any amount which is not applied to acquire part of an Additional
Share because of this clause 4.3 shall be held to the order of
the Eligible Shareholder and be applied under the Plan on the
Eligible Shareholder’s behalf the next time the Plan operates.
Should an Eligible Shareholder:
• terminate his or her participation in the Plan under
clause 7.4; or
• cease to be an Eligible Shareholder,
any amount of NZ$2.00 or more which at the time is held to
the order of the Shareholder under this clause 4.3 will be paid
in cash to the Shareholder on the next dividend payment date.
Amounts not more than NZ$2.00 which are held to the order of
the Shareholder will be forfeited.
4.4 Share price information publicly available
Investore will ensure that at the time the price for the Additional
Shares is set under clause 4.2 it will have no information that is not
publicly available that would, or would be likely to, have a material
adverse effect on the realisable price of Shares of Investore if the
information was publicly available.
5. Operation of the Plan
5.1 Additional Shares
The Board will, on the day that an Eligible Shareholder who
has elected to participate in the Plan would otherwise have
been paid a dividend, either issue or arrange the transfer of the
Additional Shares to that Eligible Shareholder in accordance with
clause 4.
5.2 Terms and ranking of Additional Shares
Additional Shares acquired by Eligible Shareholders under
the Plan will be issued or transferred on the terms set out in
this Plan and, subject to the rights of termination, suspension
and modification set out in clause 7, will not be issued or
transferred on any other terms and will all be subject to the
same rights as each other. The Additional Shares acquired by
Eligible Shareholders under the Plan will, from the date of issue
or transfer, rank equally in all respects with each other Share
acquired in Investore and with all other ordinary Shares of
Investore on issue as at that date.
5.3 Source of Additional Shares
• Additional Shares to be acquired by Eligible Shareholders
under the Plan may, at the Board’s discretion, be:
• new Shares issued by Investore;
• existing Shares acquired by Investore or a nominee or agent
of Investore; or
• any combination of new Shares and existing Shares.
5.4 Compliance with laws, listing rules and constitution
The Plan will not operate in relation to a dividend (either generally
or in respect of a particular Eligible Shareholder who has
elected to participate in the Plan) to the extent that the issue
or transfer of Additional Shares under the Plan to such Eligible
Shareholder(s) would breach any applicable law, the listing rules
of any stock exchange on which the Shares are listed, or any
provision of Investore’s constitution. If and to the extent that the
Plan does not operate for such reason in respect of an Eligible
Shareholder who has elected to participate in the Plan, any
dividend declared in respect of such participating Shares will be
paid in the same manner as in respect of Shares which are not
participating in the Plan, until such time as the issue is resolved
at which point such participating Shares will participate in the
Plan again.
5.5 Restriction on participation
The Board may, in its absolute discretion, notwithstanding an
election by an Eligible Shareholder to participate in the Plan,
decide not to issue or transfer, or decide to restrict the number
of such Additional Shares issued or transferred to the Eligible
Shareholder under the Plan if the issue or transfer of such
Additional Shares would result in that Shareholder holding 20%
or more of the Shares on issue, or would otherwise result in a
shareholding which, in the Board’s reasonable discretion, would
have a materially adverse effect on Investore. In such event, the
relevant dividend on such participating Shares will be paid in the
same manner as in respect of Shares which are not participating
in the Plan.
6. Statements to Shareholders
Subject to clauses 2.4 to 2.6, Investore will send a statement to
the Eligible Shareholder’s address or electronic mail address (if
that Eligible Shareholder has elected to receive communications
electronically) as set out in Investore’s share register within
five Business Days of the issue or transfer of Additional Shares
detailing:
• the number of Shares of the Eligible Shareholder as at the
relevant record date;
• the amount of the cash dividend used to subscribe for
Additional Shares, the amount of the cash dividend held
to the order of the Eligible Shareholder to be applied in
accordance with clause 4.3 on the Eligible Shareholder’s
behalf the next time the Plan operates, and the amount of
the cash dividend paid in respect of Shares not nominated
for participation in the Plan (if applicable);
• the amount of any taxation deduction;
• the number of Additional Shares acquired by the Eligible
Shareholder under the Plan and the issue price of
those Additional Shares (including any discount (if any))
determined by the Board under clause 4.2;
• the amount held to the order of the Eligible Shareholder
under clause 4.3; and
• advice as to the amount of any imputation or other
taxation credits.
All Additional Shares allotted to an Eligible Shareholder will be
recorded in the register of Shares maintained by Investore.
7. Termination, Suspension and
Modification
7.1 Termination, suspension or modification by
Investore
The Board may at any time and from time to time in its sole
discretion:
• terminate or modify the Plan. If the Plan is modified, then
a Participation Form will be deemed to be a Participation
Form under the Plan as modified unless that Participation
Form is withdrawn by the shareholder; or
• suspend the operation of the Plan so that it will not apply to
the whole or any part of any dividends; or
• restart the operation of any suspended plan so that it will
apply to the whole or any part of any dividends; or
• resolve that participation will not apply to the whole or part
of any dividend and that the dividend or the balance of the
dividend (as the case may be) will be paid in cash; or
• resolve that the price at which Additional Shares may be
acquired shall be at a discount to the market price of Shares
in accordance with clause 4.2; or
• resolve that in the event of the subdivision, consolidation or
reclassification of the Shares into one or more new classes
of Shares, that a Participation Form will be deemed to be a
Participation Form in respect of the Shares as subdivided,
consolidated or reclassified unless such Participation Form
is subsequently changed or withdrawn by the participating
shareholder; or
• resolve that a Participation Form will cease to be of any
effect; or
• resolve that the Plan may be underwritten on such terms as
agreed between Investore and an underwriter.
7.2 Notice
Notice of any modification, suspension or termination by the
Board will be given to all Eligible Shareholders participating in
the Plan.
7.3 When no notice required
Notwithstanding clause 7.2, Investore may at any time, without
the need of any notice:
• modify the Plan to comply with the constitution of Investore,
the listing rules of any stock exchange on which the Shares
are listed or any law; or
• make minor amendments to the Plan where such
amendments are of an administrative or procedural nature.
7.4 Variation or termination by a participating
shareholder
An Eligible Shareholder may, at any time:
• increase or decrease the number of their Shares which are
participating in the Plan; or
• terminate their participation in the Plan,
by Online Election or the Participation Form as outlined in
clause 3.1.
Terms and Conditions (continued)
Investore Property LimitedInvestore Property LimitedDRP Offer DocumentDRP Offer Document67

7.5 Variation or termination effective
A variation or termination under clause 7.4 will take effect
immediately upon receipt by the Share Registrar of the new
Participation Form or the written termination notice, as the case
may be, provided that any notice received after 5.00pm
(New Zealand time) on the Business Day following the record
date for a dividend will be effective only from the next following
dividend.
7.6 Death of participating shareholder
If an Eligible Shareholder participating in the Plan dies,
participation by that shareholder in the Plan will be terminated
by Investore upon receipt by the Share Registrar of a notice of
death in a form acceptable to the Share Registrar. Death of one
of two or more joint shareholders will not automatically terminate
participation.
8. Reduction or Termination of
Participation where No Notice Given
8.1 Dispositions where partial participation
Where an Eligible Shareholder who is participating in the Plan
in respect of some but not all of their Shares disposes of some
of their Shares then unless the Eligible Shareholder notifies the
Share Registrar otherwise in writing:
• the Eligible Shareholder will be deemed to have disposed
of Shares which are not participating in the Plan if the total
number of non-participating Shares held by them is greater
than the number of Shares being disposed of by them; and
• if the number of Shares disposed of is greater than the
number of the Eligible Shareholder’s Shares which are
not participating in the Plan, they will be deemed to have
disposed of all of their non-participating Shares, and the
balance will be attributed to Shares participating in the Plan.
8.2 Partial disposition where full participation
If an Eligible Shareholder with full participation disposes of part
of their holding of Shares without giving the Share Registrar
written notice terminating their participation in the Plan,
the Eligible Shareholder will be deemed to have terminated
participation in the Plan with respect to the Shares disposed of
from the date that Investore registers a transfer of those Shares.
8.3 Dispositions of all Shares
If an Eligible Shareholder disposes of all of their holding of
Shares without giving the Share Registrar written notice
terminating their participation in the Plan, the Eligible
Shareholder will be deemed to have terminated participation in
the Plan from the date that Investore registers a transfer of
those Shares.
8.4 Taxation
The taxation consequences for each shareholder should they
elect to participate in the Plan will differ depending upon their
particular circumstances. Accordingly, each shareholder should
consult their own tax adviser as to the taxation implications of
the Plan. Investore does not accept any responsibility for the
financial or taxation effects of a shareholder’s participation or
non-participation in the Plan.
9. Costs
There are no charges for participation or withdrawal from the
Plan. No brokerage costs will be incurred on the acquisition of
Additional Shares.
10. Privacy
Any personal information you provide to Investore or the
Share Registrar, including in your Participation Form or online
application, will be held by Investore and/or the Share Registrar
at the addresses set out in the Directory. Investore and/or the
Share Registrar may store your personal information in electronic
format, including in online storage on a server or servers which
may be located in New Zealand or overseas. This information
will be used for the purposes of administering your investment in
Investore.
This information will only be disclosed to third parties with your
consent or if otherwise required by law. Under the Privacy Act
2020, you have the right to access and correct any personal
information held about you.
11. Quotation of Additional Shares
Investore will apply for quotation of Additional Shares which may
be issued under the Plan on the NZX Main Board after they have
been allotted. However, NZX accepts no responsibility for any
statement in this Offer Document.
12. Governing Law
This Offer Document and the Plan, and its operation, are
governed by the laws of New Zealand.
13. Other Information
You have the right to receive from Investore, free of charge,
a copy of Investore’s most recent annual report, audited
consolidated financial statements and the audit report on
those consolidated financial statements by downloading them
from the Investor Centre section of Investore’s website at
www.investoreproperty.co.nz or, on request, by contacting
Investore at the address set out in the Directory.
Directory
ISSUER
Investore Property Limited
Level 12, 34 Shortland Street
Auckland 1010
PO Box 6320
Victoria Street West
Auckland 1142
New Zealand
Phone: +64 9 912 2690
Email: admin@investoreproperty.co.nz
www.investoreproperty.co.nz
MANAGER
Stride Investment Management Limited
Level 12, 34 Shortland Street
Auckland 1010
PO Box 6320
Victoria Street West
Auckland 1142
New Zealand
Phone: +64 9 912 2690
Email: admin@strideproperty.co.nz
SOLICITORS
Bell Gully
Level 4
Bell Gully Building
40 Lady Elizabeth Lane
Wellington 6011
Level 21
Vero Centre
48 Shortland Street
Auckland 1010
AUDITOR
PwC
PwC Tower, Level 27
15 Customs Street West
Auckland 1010
SHARE REGISTRAR
Computershare Investor Services Limited
Level 2
159 Hurstmere Road Takapuna
Auckland 0622
Private Bag 92119
Victoria Street West
Auckland 1142
Phone: +64 9 488 8777
Email: enquiry@computershare.co.nz

Terms and Conditions (continued)
Investore Property LimitedInvestore Property LimitedDRP Offer DocumentDRP Offer Document89

Investore
Property Limited
Level 12, 34 Shortland Street
Auckland 1010
PO Box 6320
Victoria Street West,
Auckland 1142, New Zealand
T +64 9 912 2690
W investoreproperty.co.nz

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Dividend Reinvestment Plan
Participation Form
DO NOT COMPLETE THIS FORM IF YOU WISH TO RECEIVE IN CASH ALL DIVIDENDS DECLARED
Name and Address
CSN/Holder Number
Registered Holder(s)
Signature(s)
Dated
No. Shares Held
The Investore Property Limited (Investore) Dividend Reinvestment Plan (Plan) allows you to elect to forgo your right to receive dividends on all or
any of your fully paid ordinary shares in Investore (Shares) in cash, and instead to reinvest all or part of the net proceeds of your cash dividends
in fully paid ordinary Shares in Investore. Full details of the Plan are set out in the accompanying Dividend Reinvestment Plan Offer Document
dated 28 June 2023 (Offer Document). Capitalised terms used but not defined in this Participation Form have the meanings given to them in
the Offer Document.
If you wish to participate, or vary an existing participation election, in the Plan, please complete this Participation Form and send it to Investore’s
Share Registrar at your earliest convenience. Alternatively, you can do so online by visiting www.investorcentre.com/nz (refer to clause 3.1 of
the Offer Document for further details).
The undersigned makes the following representations, warranties, undertakings and agreements in connection with its participation in the Plan:
On completion, please send the signed form to:
Investore Property Limited
c/- Computershare Investor Services Limited
Private Bag 92119
Victoria Street West
Auckland 1142
New Zealand
Or scan and email to drp@computershare.co.nz
Note: If you do not complete the above, you will be deemed to have elected not to participate in the Plan.
I/We acknowledge I/we have received and read a copy of the Offer Document.
I/We agree to be bound by the terms and conditions of the Plan as set out in the Offer Document.
I/We represent that I am/we are resident in New Zealand or Australia.
I/We acknowledge that this election will continue to apply in respect of any dividend to which Investore determines the Plan will apply until varied or terminated by written notice in
accordance with the terms and conditions of the Plan.
I/We warrant that if at any time I/we are located outside New Zealand or Australia and accept or continue to participate in the Plan, the offer of the Plan and my/our participation in
it does not breach any laws in my/our country of location.
Choose One Alternative Only
Participation Election:
I/We elect to participate in the Plan at the level of participation nominated below and elect to renounce my/our right to have dividends
declared in respect of participating Shares paid in cash accordingly:
Terminate Participation
I/We wish to no longer participate in the Plan. To terminate your participation please tick ( ) here:
• Full Participation
Include all fully paid Shares in Investore from time to time
registered in my/our name(s).
For full participation please tick (
) here:
• Partial Participation
Include the proportion of fully paid Shares in Investore
registered in my/our name(s) shown below.
For partial participation please tick (
) here:
Please specify proportion as a percentage:
%
This Participation Form is not valid unless duly completed and signed. Joint holders must each sign.
Companies must execute by an authorised officer or attorney. If signed by an attorney, the power of
attorney must either have been previously produced to Investore or must accompany this Participation
Form and a certificate of non-revocation of the power of attorney needs to be enclosed.