Potential Bond Offer by PFI

propertyforindustry.co.nz


26 March 2026

NZX and media
announcement
Property for Industry
Limited (PFI)

POTENTIAL BOND OFFER BY PFI


Potential Bond Offer by PFI

On 24 February 2026, Property for Industry Limited (
PFI
) announced it was considering an offer of 6.5 year senior
secured fixed rate bonds (
Bonds
) to New Zealand retail and institutional investors and Australian institutional
investors. On 2 March 2026, PFI announced it had postponed the investor conference call and group meetings for
that proposed offer given uncertain market conditions.

PFI now expects that full details of any offer of the Bonds will be announced in the week beginning 30 March 2026,
when the offer is anticipated to open.

If PFI proceeds with the Bond offer, it will be made in accordance with the Financial Markets Conduct Act 2013 as
an offer of debt securities of the same class as existing quoted debt securities. The Bonds are expected to be
quoted on the NZX Debt Market.

PFI has appointed Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New Zealand branch)
(
Westpac
) as Arranger and Bank of New Zealand, Craigs Investment Partners Limited and Forsyth Barr Limited,
together with Westpac, as Joint Lead Managers in relation to the offer.

Investors can register their interest in the Bond offer with the Joint Lead Managers (details below) or a financial
advice provider. Indications of interest will not involve an obligation or commitment of any kind. No money is
currently being sought and applications for the Bonds cannot currently be made.


Arranger and Joint Lead Manager


0800 772 142

Joint Lead Managers



09 924 9602 0800 272 442 0800 367 227

END
ABOUT PFI
PFI is an NZX listed industrial property specialist,
owning over 90 quality properties worth more than
$2 billion. Our well diversified portfolio is focused on
strategic locations that drive value and growth for
the industrial sector, for our tenants, and for our
investors. Since listing on the NZX in 1994, we’ve
built a strong track record of delivering consistent
returns. We invest for the long-term, combining our
capital and specialist industry capability to deliver
the successful outcomes all our stakeholders need.

CONTACT
SIMON WOODHAMS

Chief Executive Officer
—
+64 21 749 770
woodhams@pfi.co.nz
CRAIG PEIRCE

Chief Finance and
Operating Officer
—
+64 21 248 6301
peirce@pfi.co.nz
Property for Industry
Limited

—
Level 4, Hayman
Kronfeld Building,
15 Galway Street,
Auckland 1010
—
PO Box 1147,
Shortland Street,
Auckland 1140