IPL – Special Meeting of Shareholders

On 13 November 2017, Investore Property Limited ('Investore') announced that it had entered into an agreement with Stride Property Limited ('Stride') for the purchase of three Bunnings properties located in Hamilton, Palmerston North and Rotorua for $78.5 million (excluding GST) ('Bunnings Transaction'). The Bunnings Transaction is a 'Material Transaction' for the purposes of the related party rules of the NZX Main Board Listing Rules and therefore subject to shareholder approval. A Special Meeting of Shareholders will be held to consider the Bunnings Transaction on Thursday 8 February 2018, at 10.30am, in the Quarterdeck Room, Royal Yacht Squadron, 181 Westhaven Marina, Auckland, New Zealand. Attached is a copy of the: o Notice of Special Meeting; o Proxy Voting Form; and o Independent Appraisal Report, prepared in relation to the proposed Bunnings Transaction by Northington Partners Limited. Shareholders can either vote in person at the meeting on Thursday, 8 February 2018 or appoint a proxy to vote on their behalf, by returning the Proxy Voting Form no later than 10.30am (NZST) on Monday, 6 February 2018. ENDS For further information please contact: Mike Allen, Chairman, Investore Property Limited Mobile: 021 606 134 - Email: mike.allen@investoreproperty.co.nz Philip Littlewood, Chief Executive Officer, Stride Investment Management Limited as manager of Investore DDI: 09 913 1122 - Mobile: 021 230 3026 - Email: philip.littlewood@strideproperty.co.nz Jennifer Whooley, Chief Financial Officer, Stride Investment Management Limited as manager of Investore DDI: 09 913 1150 - Mobile: 021 536 406 - Email: jennifer.whooley@strideproperty.co.nz Louise Hill, General Manager Corporate Services, Stride Investment Management Limited as manager of Investore and Company Secretary of Investore DDI: 09 976 0352 - Mobile: 0275 580 033- Email: louise.hill@strideproperty.co.nz End CA:00313336 For:IPL Type:MEETING Time:2018-01-23 15:38:23