Appointment of New Independent Director and Future Director

Precinct Auckland 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 – 2 September 2024
Appointment of New Independent Director & New Future Director
Precinct Properties Group (NZX: PCT) is pleased to announce today the appointment of a
new independent director. Alison Barrass has been appointed as an Independent Director,
effective 1 October 2024. In accordance with the NZX listing rules, the Board has determined
that Alison is an Independent Director.
Chair of Precinct, Anne Urlwin, said “As part of Precinct’s ongoing Board succession
planning, we are very pleased to welcome Alison to our business and have her join the
Precinct Board. Alison is a professional director and former CEO with a broad range of skills
and experience having held executive roles in sales, marketing and operations in New
Zealand and abroad. We look forward to introducing Alison to shareholders at our upcoming
Annual Meeting in November.”
“As previously announced at Precinct's annual shareholder meeting last year, Graeme Wong
will be retiring from the Board in November 2024. Graeme has made a substantial
contribution to Precinct over the past 14 years during a period of great change for the
business and, in particular through his leadership as the Chair of Precinct’s People &
Performance Committee. On behalf of my fellow Directors, I would like to thank Graeme for
his strategic insights and wish him all the best”.
Precinct is also pleased to announce the appointment of Taurua Grant as its next Future
Director for a period of one-year effective 13 November 2024.
Taurua has over 15 years’ experience working in commercial banking, financial markets,
treasury advisory and management consultancy and is the CEO of Te Arawa Group
Holdings.
Chair of Precinct, Anne Urlwin, said “On behalf of my fellow Directors and the Management
team, we are delighted to have Taurua as our next Future Director. We would also like to
thank Alana Barron, who was Precinct’s Future Director over the last year. She has brought
extensive equity research sales and equity capital markets experience, together with an
international perspective to our Board discussions. We thank her for her contribution and wish
her the best for the future”.

Precinct Auckland 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
Future Director Programme
Administered by the Institute of Directors, the Future Directors Programme is designed to help
identify and grow the next generation of directors in New Zealand, including recognising
talented executives who are interested in developing governance skills. Participants attend
Board meetings where they contribute to discussions in an observer capacity. Future
Directors do not have voting rights and are not involved in any decision making.


Ends
For further information, please contact:
Scott Pritchard
Chief Executive Officer
Mobile: +64 21 431 581
Email: scott.pritchard@precinct.co.nz

George Crawford
Deputy Chief Executive Officer
Mobile: +64 21 384 014
Email: george.crawford@precinct.co.nz

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

Precinct Auckland 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
Listed on the NZX Main Board under the ticker code PCT and ranked in the NZX top 20, Precinct
is the largest owner, manager and developer of premium city centre real estate in Auckland
and Wellington. Precinct is predominantly invested in office buildings and also includes
investment in Generator, Commercial Bay retail and a multi-unit residential development
business. As at 30 June 2024, Precinct’s capital partnerships totalled $1.6 billion of which
Precinct has invested in $1.1 billion with the balance being managed on behalf of third party
capital partners. 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 NZ and Precinct Investments Limited 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.