Dividend Reinvestment Scheme – Share Price Determined

DIVIDEND REINVESTMENT SCHEME - SHARE PRICE DETERMINED Property for Industry Limited (PFI) advises that the share price used to calculate entitlements under the Dividend Reinvestment Scheme (the DRS) has been set at $1.63813. This is the volume weighted average sales price of all PFI shares traded on the NZX Main Board during the five trading days immediately following the Ex-Date (being 22 August 2017), less a 2.0% discount. The new shares will be issued on the dividend payment date (being 1 September 2017) to those shareholders who have elected to participate in the DRS. ENDS ABOUT PFI & CONTACT PFI is New Zealand's only listed company specialising in industrial property. PFI's portfolio of 83 properties located in Auckland, Hamilton, Mount Maunganui, Wellington and Christchurch, is leased to 144 tenants. For further information please contact: CRAIG PEIRCE Chief Financial Officer and Company Secretary --- Phone: +64 9 303 9651 Email: peirce@pfi.co.nz --- Property for Industry Limited Shed 24, Prince's Wharf, 147 Quay Street, Auckland 1010 PO Box 1147, Shortland Street, Auckland 1140 --- www.propertyforindustry.co.nz End CA:00306321 For:PFI Type:OFFER Time:2017-08-29 09:36:04