Precinct FY24 First Quarter Dividends

Precinct Properties New Zealand Limited Head Office Wellington Office
E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Generator, 30 Waring Taylor Street, Wellington T 0800 400 599
W www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494 2267
NZX announcement – 14 November 2023
Precinct FY24 First Quarter Dividends

Precinct Properties New Zealand Limited (“PPNZ”) is pleased to advise a cash dividend for the
FY24 fir st quarter of 1. 497500 cents per share. This dividend has no imputation credits to attach
for the quarter and therefore no supplementary dividend to be paid (see note 1).
Precinct Properties Investments Limited (“PPIL”) is pleased to advise a dividend for the FY24
first quarter of 0.236411 cents per share, comprising cash of 0.190000 cents per share,
imputation credits of 0.031924 cents per share and a supplementary dividend of 0.014487
cents per share (see note 1).
The record date for both PPNZ and PPIL dividends above is 1 December 2023 and payment
will be made on 15 December 2023.
Ends

For further information, please contact:

Richard Hilder
Chief Financial Officer
Mobile: +64 29 969 4770
Email: richard.hilder@precinct.co.nz

Precinct Properties New Zealand Limited Head Office Wellington Office
E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Generator, 30 Waring Taylor Street, Wellington T 0800 400 599
W www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494 2267
About Precinct (PCT)
Listed on the NZX Main Board under the ticker code PCT and ranked in the NZX top 30, Precinct
is the largest owner, manager and developer of premium inner-city real estate in Auckland
and Wellington. Precinct is predominantly invested in office buildings and also includes
investment in Generator, Commercial Bay retail, third party capital partnerships, and a multi-
unit residential development business. For information visit: www.precinct.co.nz
On 1 July 2023, Precinct effected a restructuring to create a stapled group structure. A stapled
group comprises two listed parent companies whose shares are held by the same shareholders
in equal proportions. The shares in each parent company can only be transferred or dealt with
together.
Shareholders in Precinct Properties Group (“Precinct”) hold an equal number of shares in
Precinct Properties New Zealand Limited (“PPNZ”) and Precinct Properties Investments Limited
(“PPIL”) and these shares can only be dealt with together. The stapled issuers are described as
“Precinct Properties NZ Ltd & Precinct Properties Investments Ltd (NS)” on NZX systems and the
ticker code for the stapled shares remains PCT.

Note 1
A supplementary dividend is paid to non-resident shareholders to offset the amount of non-resident withholding
tax (“NRWT”) that New Zealand companies are required to deduct from dividends paid to non-resident
shareholders. A supplementary dividend is paid to ensure equitable treatment between non-resident shareholders
and resident shareholders (whose dividends are not subject to NRWT). There’s no disadvantage to Precinct or our
shareholders, and non-resident shareholders don’t get a larger cash dividend than an equivalent New Zealand
resident shareholder.

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Distribution Notice
Name of issuer
Financial product name/description
NZX ticker code
ISIN
Full yearQuarterlyX
Half yearSpecial
DRP applies
Record date
Ex-date
Payment date (and allotment date for DRP)
Total monies associated with the distribution
1
Source of distribution
Currency
Gross distribution
2
Gross taxable amount
3
Supplementary distribution amount
X
If fully or partially imputed, please state imputation rate as %
applied
6
0.00%
Imputation tax credits per financial product
Resident Withholding Tax per financial product
DRP % discount
Start date and end date for determining market price for DRP
Date strike price to be announced (if not available at this
time)
Specify source of financial products to be issued under DRP
programme (new issue or to be bought on market)
DRP strike price per financial product
Last date to submit a participation notice for this distribution in
accordance with DRP participation terms
Name of person authorised to make this announcement
Contact person for this announcement
Contact phone number
Contact email address
Date of release through MAP
$0.01497500
Imputed component
Excluded component$0.01497500
$0.00000000
+64 21 111 8898
hello@precinct.co.nz
14/11/2023
N/A
N/A
N/A
Section 5: Authority for this announcement
Richard Hilder
Steph How
Retained earnings
NZD
N/A
Is the distrbution imputed
Fully imputed
Partial imputation
No imputation
$0.00000000
N/A
Section 4: Distribution re-investment plan (if applicable)
N/A
N/AN/A
Total cash distribution
4
Total cash distribution
Section 1: Issuer information
Precinct Properties New Zealand Limited
Precinct Properties New Zealand Limited Shares
PCT
NZAPTE0001S3
3. "Gross taxable amount" is the gross distribution minus any excluded income.
5. The imputation credits plus the RWT amount is 33% of the gross taxable amount for the purposes of this form. If the distribution is fully imputed the imputation
credits will be 28% of the gross taxable amount with remaining 5% being RWT. This does not constitute advice as to whether or not RWT needs to be withheld.
$0.00000000
6. Calculated as (imputation credits/gross taxable amount) x 100. Fully imputed dividends will be 28% as a % rate applied.
Type of distribution
1. Continuous issuers should indicate that this is based on the number of units on issue at the date of the form
2. “Gross distribution” is the total cash distribution plus the amount of imputation credits, per financial product.
4. “Total cash distribution” is the cash distribution excluding imputation credits, per financial product, before the deduction of RWT. This should include any
excluded amounts, where applicable to listed PIEs.
Section 2: Distribution amounts per financial product
$0.01497500
$0.00000000
Section 3: Imputation credits and Resident Withholding Tax
5
1/12/2023
30/11/2023
15/12/2023
$23,755,629

---

Distribution Notice
Name of issuer
Financial product name/description
NZX ticker code
ISIN
Full yearQuarterlyX
Half yearSpecial
DRP applies
Record date
Ex-date
Payment date (and allotment date for DRP)
Total monies associated with the distribution
1
Source of distribution
Currency
Gross distribution
2
Gross taxable amount
3
Supplementary distribution amount
X
If fully or partially imputed, please state imputation rate as %
applied
6
14.39%
Imputation tax credits per financial product
Resident Withholding Tax per financial product
DRP % discount
Start date and end date for determining market price for DRP
Date strike price to be announced (if not available at this
time)
Specify source of financial products to be issued under DRP
programme (new issue or to be bought on market)
DRP strike price per financial product
Last date to submit a participation notice for this distribution in
accordance with DRP participation terms
Name of person authorised to make this announcement
Contact person for this announcement
Contact phone number
Contact email address
Date of release through MAP
3. "Gross taxable amount" is the gross distribution minus any excluded income.
4. “Total cash distribution” is the cash distribution excluding imputation credits, per financial product, before the deduction of RWT. This should include any
excluded amounts, where applicable to listed PIEs.
5. The imputation credits plus the RWT amount is 33% of the gross taxable amount for the purposes of this form. If the distribution is fully imputed the imputation
credits will be 28% of the gross taxable amount with remaining 5% being RWT. This does not constitute advice as to whether or not RWT needs to be withheld.
6. Calculated as (imputation credits/gross taxable amount) x 100. Fully imputed dividends will be 28% as a % rate applied.
Steph How
+64 21 111 8898
hello@precinct.co.nz
14/11/2023
1. Continuous issuers should indicate that this is based on the number of units on issue at the date of the form
2. “Gross distribution” is the total cash distribution plus the amount of imputation credits, per financial product.
Richard Hilder
$0.00031924
$0.00041311
Section 4: Distribution re-investment plan (if applicable)
N/A
N/AN/A
N/A
N/A
N/A
N/A
Section 5: Authority for this announcement
$0.00014487
Section 3: Imputation credits and Resident Withholding Tax
5
Is the distrbution imputed
Fully imputed
Partial imputation
No imputation
Section 2: Distribution amounts per financial product
$0.00221924
$0.00221924
Total cash distribution
4
Excluded component$0.00000000
Imputed component$0.00190000
Total cash distribution$0.00190000
NZD
Section 1: Issuer information
Precinct Properties Investments Limited
Precinct Properties Investments Limited Shares
PCT
NZAPTE0001S3
Type of distribution
1/12/2023
30/11/2023
15/12/2023
$3,014,070
Retained earnings