Capital Change Notice - Share Purchase Plan

Capital Change Notice




Section 1: Issuer information
Name of issuer Precinct Properties Group
NZX ticker code PCT
Class of financial product A stapled security comprising one ordinary
share in Precinct Properties New Zealand
Limited and one ordinary share in Precinct
Properties Investments Limited, stapled so
that they may only be dealt with as a
single equity security (a Stapled Security).
ISIN NZAPTE0001S3
Currency New Zealand Dollars
Section 2: Capital change details
Number issued/acquired/redeemed 33,203,287 Stapled Securities
Nominal value (if any) N/A
Issue/acquisition/redemption price per security $1.2047
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)
1.82471127%
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 under a
share purchase plan conducted by PCT,
originally announced on 13 October 2025,
the results of which (including the extent
of oversubscriptions accepted) were
announced on 3 November 2025.
Proceeds will initially be used to repay
bank debt and then applied to
development working capital
requirements.
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.
1,852,849,352
None held as Treasury Stock.
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
Board resolution dated 12 October 2025
and directors’ certificate dated 12 October
2025 for the issue pursuant to NZX Listing
Rule 4.3 (as modified by the waiver
granted by NZX RegCo in favour of PCT
dated 18 April 2023).
Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
New Stapled Securities which rank equally
with all other fully paid Stapled Securities.
Date of issue/acquisition/redemption 04/11/2025
Section 4: Authority for this announcement and contact person
Name of person

authorised to make this
announcement
Richard Hilder
Contact person for this announcement Richard Hilder
Contact phone number +64 29 969 4770
Contact email address Richard.Hilder@precinct.co.nz
Date of release through MAP

04/11/2025