Cleansing Notice

CLEANSING NOTICE - SIMPLIFIED DISCLOSURE OFFER FOR THE ISSUE OF FINANCIAL PRODUCTS Property for Industry Limited (PFI) gives notice under regulation 49G(2)(e) of the Financial Markets Conduct Regulations 2014 (Regulations) that it proposes to make an offer for the issue of senior secured fixed rate 7-year bonds (Bonds). Short-form disclosure is being used for the offer of the Bonds, as the Bonds will rank in priority to PFI's existing ordinary shares quoted on the NZX Main Board under ticker code PFI. PFI's shares have been continuously quoted on the NZX Main Board over the preceding three months and trading in its shares has not been suspended for a total of more than five trading days during that three-month period. As at the date of this notice, PFI is in compliance with: (a) the continuous disclosure obligations that apply to it in relation to its existing ordinary shares quoted on the NZX Main Board; and (b) its financial reporting obligations (as defined in regulation 49H(7) of the Regulations). As at the date of this notice, there is no information that is "excluded information" required to be disclosed for the purposes of regulation 49H(2)(e) of the Regulations. ENDS ABOUT PFI & CONTACT PFI is New Zealand's only listed company specialising in industrial property. PFI's portfolio of 92 properties located in Auckland, Hamilton, Mount Maunganui, New Plymouth, Napier, Wellington, Nelson, Blenheim and Christchurch is leased to 148 tenants. For further information please contact: SIMON WOODHAMS General Manager --- Phone: +64 9 303 9652 Email: woodhams@pfi.co.nz --- 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:00309666 For:PFI Type:OFFER Time:2017-11-02 09:29:12