Sale of PwC Tower now unconditional

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 – 10 September 2026

Sale of PwC Tower now unconditional

Further to the announcement on 16 June 2026, Precinct Properties Group (Precinct) (NZX:
PCT) is pleased to announce that the sale of the PwC Tower to a new investment
partnership with PAG is now unconditional following the partnership obtaining the required
consents.

Settlement is expected to occur on 30 September 2026.

ENDS

For further information, please contact:

Scott Pritchard
Chief Executive Officer
Mobile: +64 21 431 581
Email: scott.pritchard@precinct.co.nz

George Crawford
Deputy Chief Executive Officer
Mobile: +64 21 384 014
Email: george.crawford@precinct.co.nz

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

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, developer and investment partner of premium city-centre real estate in Auckland and
Wellington. Precinct’s markets span office, retail, flexible workspace and living, which includes purpose-built
student accommodation and high-end, multi-unit residential development.

As at 30 June 2026 on a pro forma basis following completion of the PwC Tower transaction, Precinct's directly-
held portfolio totals $3.0 billion and Precinct has a further $2.2 billion of committed capital partnering assets
under management; Precinct is co-invested in $2.0 billion of these assets, with the balance being managed
on behalf of third-party partners (all amounts presented on a committed, completion value basis).

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 securities is PCT.

For more information visit: www.precinct.co.nz.