SPH Notice - Forsyth Barr Investment Management Limited

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Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To: NZX Limited
and
To: Precinct Properties NZ & Precinct Properties
Investments Ltd
Date this disclosure made: 22 September 2026
Date last disclosure made: 13 March 2026
Date on which substantial holding ceased: 21 September 2026
Substantial product holder(s) giving disclosure:
Full name(s) Forsyth Barr Investment Management Limited
(FBIM)
Summary of previous substantial holding
Class of quoted voting products: PCT 21/09/2026 7.56% Convertible Notes
Summary for FBIM
For last disclosure,—
(a) total number held in class: 6,900,000
(b) total in class: 65,000,000
(c) total percentage held in class:

10.615%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 0
(b) total in class: 0
(c) total percentage held in class: 0.000%
Details of transactions and events giving rise to ceasing of substantial holding
Date of event Nature of event Consideration Number of financial products



13 March 2026 - 21
September 2026
On-market sales $93,926
94,000
On-market
purchases
$51,980
52,000
Off-market
transfers into
DIMS
Nil
272,970
Off-market
transfers out of
DIMS
Nil
140,000
21 September 2026
Redemption of
Convertible Notes
for cash (Cash
Election) on 21
September 2026
$6,990,970
6,990,970

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Additional information

Address(es) of substantial product holder(s): Forsyth Barr House, The Octagon, Dunedin
Contact details: Jeremiah Craig
T: 09 918 9232
E: compliance@forsythbarr.co.nz
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
Certification
I, Jeremiah Craig, 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.