GMT – Ticker changes for stapling

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25 March 2026

To: NZ RegCo
11 Cable Street
Wellington
New Zealand

By email: issuer@nzregco.com

Request for trading halt: Goodman Property Trust (NZX Code: GMT)
We request a trading halt be applied to Goodman Property Trust's ("GMT") units (ISIN:
NZCPTE0001S9) quoted on the NZX Main Board under NZX Listing Rule 9.9.1(a) and set out below
details of the request as per the rules of NZX.
We would like the trading halt to commence from close of business on Monday, 30 March 2026.
Reasons for trading halt, including impact of event on fair orderly or transparent markets:
GMT has announced that, subject to the necessary approvals being sought by GMT, it proposes to
corporatise and move to a stapled structure. Goodman New Zealand Limited will replace GMT as a
corporatised version of GMT. The shares in Goodman New Zealand Limited will be contractually and
constitutionally stapled to (and only transferable with) the shares in Goodman Property Services (NZ)
Limited to form "Stapled Securities".
Assuming all necessary approvals are received, on 7 April 2026, Stapled Securities will be transferred
to GMT unitholders ("Unitholders") as follows:
(a) in respect of Unitholders whose addresses are in a jurisdiction other than Australia or New
Zealand or any other eligible jurisdiction where compliance with securities law has been
confirmed ("
Ineligible Unitholders
"), the Stapled Securities will be transferred to a sale agent,
with the sale agent selling or procuring the sale of stapled securities through an on market
sale facility; and
(b) in all other cases, directly to the Unitholders,
on a one Stapled Security for one unit basis.
The Stapled Securities will be quoted on the NZX Main Board at commencement of trading on 7 April
2026.
GMT considers that the trading halt is desirable to enable GMT and Computershare Investor Services
Limited (the registrar of units) to set the Record Date for determining Unitholder eligibility to receive
Stapled Securities on 2 April 2026 (being the last business day before the Stapled Securities
commence trading on the NZX Main Board). Given the NZX operates on a T+2 settlement cycle
(meaning trades take two business days to settle), the trading halt must commence by close of
business on 30 March 2026 to ensure the unit register is static on the Record Date. This will enable
the accurate determination of the allocation of Stapled Securities to Unitholders (and the sale agent
in respect of Ineligible Unitholders).

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How long we want the trading halt to last and why:
We would like the trading halt to last until the allocation of Stapled Securities to Unitholders is
completed, which we expect to occur before market open on the NZX Main Board on Tuesday, 7 April
2026.
The event we expect to happen that will end the trading halt:
As noted above, the completion of the allocation of Stapled Securities to Unitholders is the event that
will end the trading halt.
Other information necessary to inform the market about the trading halt or that NZ RegCo has
requested:
We do not believe there is any other information necessary to inform the market about the trading halt.
We confirm that we are not aware of any reason why the trading halt should not be granted.

Yours sincerely

James Spence
Chief Executive Officer

---

NZX Limited
Level 2, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com

Memorandum


To: Market Participants

From: NZX Product Operations

Date: Thursday, 26 March 2026

Subject: Goodman Property Trust (NS) (“GMT”) – Ticker changes for stapling

Message:

Further to the announcement made by Goodman Property Trust (NS) (“GMT”) on 27 February 2026
and subject to the necessary approvals being sought by GMT, GMT will corporatise and move to a
stapled structure. Goodman New Zealand Limited will replace GMT as a corporatised version of
GMT. The shares in Goodman New Zealand Limited will be contractually and constitutionally stapled
to (and only transferable with) the shares in Goodman Property Services (NZ) Limited to form
"Stapled Securities".
To facilitate the change in structure, NZX Operations (“NZXO”) advises that, for NZX system
purposes, GMT will be changing its name to Goodman New Zealand Limited & Goodman Property
Services (NZ) Limited (NS), and the ticker code will be changing to “GNZ”. The ISIN will remain
unchanged as ‘NZCPTE0001S9’.
The changes will be effective on Tuesday, 7 April 2026.
GMT’s trading halt application is attached.
A timetable of events is detailed below:
Event Date
Trading halt in GMT
Monday, 30 March 2026
(close of business)
Record Date for determining eligibility to receive
Stapled Securities
Thursday, 2 April 2026
Effective Date of Stapling Tuesday, 7 April 2026
GNZ Stapled Securities commence trading on
NZX Main Board at 10am
Tuesday, 7 April 2026

Please contact Product Operations on +64 4 496 2853 or productoperations@nzx.com with any
queries.
ENDS