NOTICE OF ALLOTMENT OF SENIOR SECURED FIXED RATE BONDS

NOTICE OF ALLOTMENT OF SENIOR SECURED FIXED RATE BONDS (PCT020) For the purposes of Listing Rule 7.12.1, Precinct Properties New Zealand Limited ("Precinct") advises the following securities have been issued on 27 November 2017. (a) Class of security, ISIN NZX Debt Market Ticker Code Senior secured fixed rate bonds ("PCT020 Bonds") NZPCTDT002C9 PCT020 (b) Number of PCT020 Bonds issued 100,000,000 (c) Issue Price $1.00 per bond (d) Payment terms Cash (e) Amount paid up Fully paid (f) Principal terms of the securities As set out in the Final Terms Sheet dated 17 November 2017 (the "Terms Sheet") (g) Percentage of class of securities 100% of the PCT020 Bonds (h) Reason for issue Precinct will use the net proceeds from the offer of the PCT020 Bonds to repay a portion of bank debt facilities and for general corporate purposes (i) Authority for issue Board resolution passed at a meeting dated 8 November 2017 approving the issuance of the PCT020 Bonds (j) Terms of issue As set out in the Terms Sheet (k) Number of PCT020 Bonds in existence after issue (l) Treasury stock (m) Date of issue 100,000,000 Not applicable 27 November 2017 For further information, please contact: Richard Hilder Chief Financial Officer Office: +64 9 927 1645 Mobile: +64 29 969 4770 Email: richard.hilder@precinct.co.nz End CA:00310950 For:PCT Type:OFFER Time:2017-11-27 09:12:05