Valuation Update

In connection with the offer of bonds announced today, Investore Property Limited ('Investore') has obtained preliminary valuations of its portfolio as at 31 March 2018 from independent registered valuers. The preliminary valuations indicate that as at 31 March 2018 the property portfolio (excluding the two properties that are subject to unconditional sale agreements) is expected to have a value of $738.3 million, a net increase of 3.2% compared to the total value of those properties as at 31 March 2017 and including those properties acquired during the year. These preliminary valuations have been reviewed and approved by the Board of Investore but remain subject to finalisation by the relevant issuing valuers and audit on or after 31 March 2018. Further details will be released by Investore as part of its annual results announcement for the year ended 31 March 2018. End 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:00315088 For:IPL Type:MKTUPDTE Time:2018-03-05 09:41:12