ARG Long Term Incentive Scheme allotment of shares

1
Capital Change Notice – Vesting of 2023 PSRs
Section 1: Issuer information
Name of issuer Argosy Property Limited
NZX ticker code ARG
Class of financial product Ordinary Shares
ISIN NZARGE0010S7
Currency NZD
Section 2: Capital change details
Number issued 495,473
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security The sum of $1 payable by each
senior executive in respect of all
the shares issued to them.
Nature of the payment (for example, cash or other consideration) Cash

Amount paid up (if not in full) Fully paid ordinary shares
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

0.0567%
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)
Not applicable
Reason for issue/acquisition/redemption and specific authority for
issue/acquisition/redemption/ (the reason for change must be
identified here)
Vesting of performance share rights
granted under Long Term Incentive
Scheme.
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.
873,970,395 Ordinary Shares


1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

2
In the case of an acquisition of shares, whether those shares are to
be held as treasury stock
Not applicable.
Specific authority for the issue, acquisition, or redemption, including
a reference to the rule pursuant to which the issue, acquisition, or
redemption is made
Directors’ resolution dated 16 May
2023 and Listing Rule 4.6.1
Terms or details of the issue, acquisition, or redemption (for example:
restrictions, escrow arrangements)
The shares issued are quoted
ordinary shares ranking
equally with the existing
ordinary shares on issue of
Argosy Property Limited.
Date of issue/acquisition/redemption
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21 May 2026
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement David Snelling
Contact person for this announcement David Snelling
Contact phone number 09 304 3400
Contact email address service@argosy.co.nz
Date of release through MAP

21 May 2026






2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).