Quotation Notice – Property for Industry Ltd Bonds (PFI010)

QUOTATION NOTICE: NZX DEBT MARKET PROPERTY FOR INDUSTRY LIMITED BONDS ("PFI010") Issuer: Property for Industry Limited (PFI) Security Code: PFI010 ISIN: NZPFIDT010C2 Details of Issue: NZ$100,000,000 of senior secured fixed rate bonds Opening Date: Monday, 13 November 2017 Closing Date: 5:00pm Friday, 24 November 2017 Interest Rate: 4.59% per annum Maturity Date: Thursday, 28 November 2024 Issue/Allotment Date: Tuesday, 28 November 2017 Interest Payment Dates: 28 February, 28 May, 28 August, and 28 November in each year up to and including the Maturity Date Date of First Interest Payment: 28 February 2018 First Interest Paid To: Holders of Bonds as at the relevant Record Date Record Date: 5.00pm on the day that is 10 calendar days before the relevant payment date (or, if that is not a Business Day, the immediately preceding Business Day) Minimum Application Amount: $5,000 and multiples of $1,000 thereafter Minimum Holding: $5,000 Minimum Transferrable Amount: $1,000 Face Value: $1.00 per bond Organising Participant: Forsyth Barr Limited Joint Lead Managers: Forsyth Barr Limited, Bank of New Zealand, and Deutsche Craigs Limited Trust Deed Dated: Thursday, 2 November 2017 Registrar: Computershare Investor Services Limited (RMLT) Settlement Status: NZCDC Settlement System Expected Commencement of Trading on the NZX Debt Market: Wednesday, 29 November 2017 Mark Peterson Chief Executive Officer NZX Limited 13 November 2017 End CA:00310206 For:PFI Type:OFFER Time:2017-11-13 10:44:08