Precinct FY26 First Quarter Dividends

Precinct Properties New Zealand Limited
hello@precinct.co.nz
0800 400 599
precinct.co.nz
Auckland Office
Level 12, 188 Quay Street, Auckland 1010
PO Box 5140, Auckland 1141, New Zealand
Wellington Office
Level 3, 31 Waring Taylor Street
PO Box 2, Wellington 6140, New Zealand
NZX announcement – 18 November 2025

Precinct FY26 First Quarter Dividends

Precinct Properties New Zealand Limited (“PPNZ”) is pleased to advise a cash dividend for
the FY26 first 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 FY26
first quarter of 0.236549 cents per share, comprising cash of 0.190000 cents per share,
imputation credits of 0.032019 cents per share and a supplementary dividend of 0.014530
cents per share (see note 1).

The record date for both PPNZ and PPIL dividends above is 28 November 2025 and
payment will be made on 12 December 2025.

ENDS


For further information, please contact:

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









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).

Precinct Properties New Zealand Limited
hello@precinct.co.nz
0800 400 599
precinct.co.nz
Auckland Office
Level 12, 188 Quay Street, Auckland 1010
PO Box 5140, Auckland 1141, New Zealand
Wellington Office
Level 3, 31 Waring Taylor Street
PO Box 2, Wellington 6140, New Zealand
About Precinct

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 city centre real estate in Auckland and Wellington. Precinct is
predominantly invested in office buildings and also includes investment in Precinct Flex, Commercial Bay retail
and a multi-unit residential development business. As at 30 June 2025, Precinct's directly-held portfolio (on-
completion value) totalled $3.2 billion and Precinct had a further $1.6 billion of capital partnering assets under
management: $1.2 billion of these were assets in which Precinct holds a minority interest; with the balance
being managed on behalf of third-party partners. For more 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
hold an equal number of shares in Precinct Properties New Zealand Limited and Precinct Properties
Investments Limited and these shares can only be dealt with together. The stapled issuers are described as
“Precinct Properties NZ & Precinct Properties Investments Ltd” on NZX systems and the ticker code for the
Stapled Shares remains PCT.

---

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
Total cash distribution
4
Excluded amount (applicable to listed PIEs)
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
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
28/11/2025
27/11/2025
12/12/2025
$27,746,419
Section 1: Issuer information
Precinct Properties New Zealand Limited
Precinct Properties New Zealand Limited Shares
PCT
NZAPTE0001S3
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
$0.01497500
$0.01497500
+64 22 1941 263
hello@precinct.co.nz
18/11/2025
N/A
N/A
N/A
Section 5: Authority for this announcement
Richard Hilder
Martin Boys

---

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
Total cash distribution
Excluded amount (applicabel to listed PIEs)
Supplementary distribution amount
X
If fully or partially imputed, please state imputation rate as %
applied
6
14.42%
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
6. Calculated as (imputation credits/gross taxable amount) x 100. Fully imputed dividends will be 28% as a % rate applied.
Martin Boys
+64 22 1941 263
hello@precinct.co.nz
18/11/2025
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.
N/A
12/12/2025
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.
Richard Hilder
$0.00032019
$0.00041247
Section 4: Distribution re-investment plan (if applicable)
N/A
N/A
Section 5: Authority for this announcement
$0.00222019
$0.00014530
Section 3: Imputation credits and Resident Withholding Tax
5
N/A
N/
AN/A
N/A
Section 2: Distribution amounts per financial product
$0.00222019
Is the distrbution imputed
Fully imputed
Partial imputation
No imputation
$0.00190000
$0.00000000
NZD
Section 1: Issuer information
Precinct Properties Investments Limited
Precinct Properties Investments Limited Shares
PCT
NZAPTE0001S3
Type of distribution
$3,520,414
Retained earnings
28/11/2025
27/11/2025