CHANGE IN OFFICES AND SENIOR MANAGERS FOR NPT LIMITED

NZX RELEASE 27 March 2018 CHANGE IN OFFICES AND SENIOR MANAGERS FOR NPT LIMITED NPT is pleased to confirm that the sale of the management rights to Augusta Funds Management Limited settled on 26 March with the $4.5 million payment being received from Augusta. As a result of the management agreement with Augusta commencing, NPT advises the following administrative changes: (a) With effect from 5 April 2018, NPT's registered office and address for service will be: C/- Augusta Funds Management Limited Level 2 30 Gaunt Street Auckland 1010 (b) NPT's phone and fax numbers will be: Phone: 09 300 6161 Fax: 09 300 6162 (c) As a result of the sale of the management rights, the following changes have occurred to NPT's senior managers: a. Mark Francis (Augusta Managing Director), Guy French-Wright (Augusta Chief Operating Officer) and Simon Woollams (Augusta Chief Financial Officer) are considered to be senior managers of NPT; and b. Tony Osborne has ceased to be NPT's Chief Executive Officer with effect from 26 March 2018. For further information please contact: Bruce Cotterill Chairman NPT Limited T 021 668 881 E bruce@cotterill.co End CA:00316078 For:NPT Type:ADMIN Time:2018-03-27 09:43:50