SSH Notice – Westpac Banking Corporation

Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013 To: NZX Limited and To: Investore Property Limited Date this disclosure made: 13 February 2017 Date last disclosure made: 18 January 2017 Date on which substantial holding ceased: 09 February 2017 Substantial product holder(s) giving disclosure Full name(s): Westpac Banking Corporation (including the related bodies corporate specified in the Annexure) Summary of previous substantial holding Class of quoted voting products: ordinary shares - security code IPL Summary for Westpac Banking Corporation (including the related bodies corporate specified in the Annexure) For last disclosure,-- (a) total number held in class: 13,121,604 (b) total in class: 261,771,833 (c) total percentage held in class: 5.01% For current holding after ceasing to have substantial holding,-- (a) total number held in class: 12,792,972 (b) total in class: 261,771,833 (c) total percentage held in class: 4.89% Details of transactions and events giving rise to ceasing of substantial holding Details of the transactions or other events requiring disclosure: Refer Annexure Additional information Address(es) of substantial product holder(s): Westpac Banking Corporation, Level 20, Westpac Place, 275 Kent Street, Sydney, NSW 2000, Australia Guardian Nominees No.2 Limited, Level 14, 191 Queen Street, Auckland 1010, New Zealand BT Funds Management (NZ) Limited, 16 Takutai Square, Auckland 1010, New Zealand Contact details: Tim Hartin Group Company Secretary Phone: (+61 2) 8219 8990 Nature of connection between substantial product holders: The entities specified in the Annexure are related bodies corporate of Westpac Banking Corporation. 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 Disclosure has effect for purposes of directors' and senior managers' disclosure: Not applicable Certification I, Tim Hartin, 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. ANNEXURE 1 DISCLOSURE OF CEASING TO HAVE SUBSTANTIAL HOLDING Westpac Banking Corporation and related bodies corporate DATED 09 February 2017 Name of type of shares Investore Property Limited Ordinary Shares Percentage held 4.89% Relevant related body corporate: Westpac Banking Corporation Various unit trusts managed by BT Funds Management (NZ) Limited Registered holder 1: Guardian Nominees No.2 Limited Holding 1: 12,792,972 End CA:00296681 For:IPL Type:SSH Time:2017-02-14 08:30:17