SPH Notice - Westpac Banking Corporation

1
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To: NZX Limited
and
To: Precinct Properties New Zealand LTD
Date this disclosure made: 18 December 2025
Date last disclosure made: 17 October 2025
Date on which substantial holding ceased: 15 December 2025
Substantial product holder(s) giving disclosure
Full name(s): Westpac Banking Corporation (including the related bodies corporate specified
in the Annexure)
Summary of previous substantial holding
Class of quoted voting products: Precinct Properties New Zealand LTD
Summary for Westpac Banking Corporation (including the related bodies corporate specified
in the Annexure)
For last disclosure,—
(a) total number held in class: 92,836,302
(b) total in class: 1,852,849,352
(c) total percentage held in class: 5.01%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 92,329,131
(b) total in class: 1,852,849,352
(c) total percentage held in class: 4.98%
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure: Refer Annexure

Additional information
Address(es) of substantial product holder(s):
Westpac Banking Corporation, Level 18, Westpac Place, 275 Kent Street, Sydney, NSW
2000, Australia
BT Funds Management (NZ) Limited, 16 Takutai Square, Auckland 1010, New Zealand
Westpac Wholesale Property Trust, C/O The New Zealand Guardian Trust Company Limited,
Auckland, 1010, NZ

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Contact details:
Tim Hartin
Company Secretary
Phone: +61 (2) 9155 7713

Nature of connection between substantial product holders: The entities specified in the Annexure
are related bodies corporate of Westpac Banking Corporation.
Name of any other person believed to have given, or believed to be required to give, a disclosure under
the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure
relates: Not applicable
Disclosure has effect for purposes of directors’ and senior managers’ disclosure: Not applicable

Certification
I, Tim Hartin, certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is
made.

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ANNEXURE 1
DISCLOSURE OF CEASING TO HAVE SUBSTANTIAL HOLDING
Westpac Banking Corporation and related bodies corporate
DATED 18 December 2025
Name of type of shares
Precinct Properties New Zealand LTD
Ordinary Shares
Percentage held 4.98%

Relevant related body corporate:
Westpac Banking Corporation
Various unit trusts managed by BT Funds
Management (NZ) Limited
Registered holder 1: Westpac Wholesale Property Trust
Holding 1:
58,642,057
Dates: Ceasing to have substantial holding on 15
December 2025
Transaction type Period Shares Consideration
On-market purchase 17/10/2025 –
15/12/2025
768,506 $936,440.78
On-market sale 17/10/2025 –
15/12/2025
732,226 $893,120.94

Relevant related body corporate:
Westpac Banking Corporation
Various unit trusts managed by BT Funds
Management (NZ) Limited
Registered holder:
Westpac WHS Australasian Share No.1
Holding 1:
12,209,395
Dates:
Ceasing to have substantial holding on 15
December 2025
Transaction type Period Shares Consideration
On-market purchase 17/10/2025 –
15/12/2025
41,504 $50,000
On-market sale 17/10/2025 –
15/12/2025
-
-
Relevant related body corporate:
Westpac Banking Corporation

4
Various unit trusts managed by BT Funds
Management (NZ) Limited
Registered holder: Westpac WHS Australasian Share No.2
Holding 2: 10,232,928
Dates: Ceasing to have substantial holding on 15
December 2025
Transaction type Period Shares Consideration
On-market purchase 17/10/2025 –
15/12/2025
- -
On-market sale 17/10/2025 –
15/12/2025
1,215,110 $1,448,166.51

Relevant related body corporate:
Westpac Banking Corporation
Various unit trusts managed by BT Funds
Management (NZ) Limited
Registered holder: Westpac WHS Australasian Share No.3
Holding 3: 11,244,751
Dates: Ceasing to have substantial holding on 15
December 2025
Transaction type Period Shares Consideration
On-market purchase 17/10/2025 –
15/12/2025
- -
On-market sale 17/10/2025 –
15/12/2025
1,368,922 $1,688,229.91